HMM and SM Line are cooperating on the transpacific route as part of a mix of alliances

SM Line and HMM announce new cooperation in response to changing alliances

SM Line and HMM have announced a strategic partnership to share slots on each other’s Asia-US West Coast services. HMM will join SM Line’s CPX service, while SM Line gains access to HMM’s PSX service. This collaboration comes amidst changes in container shipping alliances, emphasizing the importance of strategic partnerships in the industry.

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Russia intervenes after India abandons security protection

IRClass Withdraws Security Protection from Russian Tankers Under US Sanctions

India’s ship certification authority withdrew security protection from Russian oil tankers under US sanctions, turning to a domestic provider. Insurers and manufacturers also withdrew coverage from the Russian tanker fleet. IRClass provided certification for Russian ships, but the US Treasury imposed sanctions on some ships, leading to changes in certification and ownership.

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ClassNK partners with StormGeo for seamless emission data sharing

ClassNK and StormGeo have joined forces to streamline the sharing and verification of emission data. This partnership is a significant milestone, allowing shipping companies using StormGeo’s s-Insight platform to seamlessly share validated emissions data with ClassNK MRV Portal for efficient verification. This collaboration helps companies enhance reporting accuracy and speed up their decarbonization efforts.

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Lloyd’s Register Gives Aip to Ricardo for Containerized Fuel Cell Power Plant

Consulting company Ricardo has received approval in principle (AiP) from Lloyd’s Register for its multi-megawatt containerized fuel cell power plant solution. The technology aims to support decarbonization in the maritime industry. Ricardo is now testing the RFC500 module and assembling the marine containerization system at its UK facility.

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Sharrow Marine Wins Fast Company World Changing Ideas Award for Sharrow™ Propeller

Sharrow Marine’s revolutionary Sharrow™ Propeller has been recognized with a Fast Company 2024 World Changing Ideas Award for its innovative design that improves efficiency, reduces noise pollution, and minimizes carbon footprints in the marine industry. The propeller’s unique blade design combats drag, turbulence, and cavitation, setting a new standard for marine propulsion.

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With a cargo handling target of one billion tonnes, Adani Ports is looking for global assets

Adani Ports Targets Handling a Billion Tonnes of Cargo, Expanding Globally

Adani Ports and Special Economic Zone Ltd (APSEZ) aims to handle a billion tonnes of cargo in the coming years, prompting plans for aggressive global expansion. APSEZ currently operates 15 ports/terminals in India with a capacity of 627 million tonnes annually, recording significant growth in domestic cargo volume. The company eyes sustainable international growth in strategic locations.

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With breakthrough in equipment procurement, India and Iran sign 10-year deal for Chabahar port

India and Iran Sign 10-Year Agreement for Chabahar Port Operations

ET Infra reported that Iran’s PMO will procure essential cargo handling equipment for the Indian-financed Chabahar Port. IPGL will increase investment to $120 million from $85 million for the equipment supply. Delays due to Western sanctions on Iran have hindered the port’s operations, but a new agreement aims to expedite equipment procurement.

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Predictions & Preparations for the 2024 Atlantic Hurricane Season

2024 Atlantic Hurricane Season Forecast: Record-Breaking Activity Predicted

The 2024 Atlantic hurricane season is forecasted to be extremely active, with the potential for record-breaking storm frequency and intensity. High sea surface temperatures and the transition from El Niño to La Niña are key factors influencing this year’s outlook. Maritime employers and offshore companies are advised to prepare for potential impacts.

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