Dearth Of Finance Kills Shipyard Sale

Acquisition of Zvezda Shipyard Falls Through Due to Funding Issues

Russia’s VTB, the second-largest lender, failed to acquire Zvezda shipbuilding yard from Rosneft due to lack of financing. VTB’s USC couldn’t secure funds for the deal, halting negotiations. The yard specializes in building ice-class tankers for Arctic LNG transport. Despite setbacks, Russia aims to boost its shipbuilding industry amid Western sanctions.

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Growing Support for IMO’s Decarbonization Goals

The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the IMO’s decarbonization goals. Nine signatories and nine affiliate members across ten countries are committed to sustainability and risk management in the marine insurance sector. The report highlights efforts to align operations with global emission reduction targets.

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Chris-Marine Debuts New Fuel Injector Test Unit For

Revolutionary Fuel Injector Testing Unit Launched for 4-stroke Engines

Chris-Marine has unveiled the VPU 1600, a cutting-edge fuel injector test unit for 4-stroke engines. This Danish-manufactured tool assesses leakage, opening pressure, and spray pattern to optimize engine performance. It replaces older models and offers enhanced features like a user-friendly interface and compatibility with top engine brands. Leif Abildgaard praises its efficiency for global use.

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Korea’s First Hydrogen Fuel Cell Tugboat Receives AiP from Korean Register

VINSSEN, a leader in maritime decarbonization technology, has received Approval in Principle certification for Korea’s first hydrogen fuel cell-powered tugboat. This achievement, in collaboration with KRE, showcases a major step towards reducing emissions in the maritime industry. The innovative propulsion system combines fuel cell and battery technology for efficient and sustainable operations.

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Emergency Escape Trunks Scrutinized By Port State

DNV Issues Guidance on Ship Emergency Escape Trunks for SOLAS Compliance

DNV has issued guidance on emergency escape trunks from machinery spaces on ships to avoid detention during Port State Control inspections for non-compliance with SOLAS regulations. Focus is on vessels built after February 1, 2016, ensuring compliance with IACS UI SC 276/277. Crews are urged to conduct evacuation drills to demonstrate proficiency in evacuating injured persons.

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HMM Pioneers Onboard 3D Printing for Ship Maintenance Efficiency

HMM recently tested a 3D printing system on its containership, the ‘HMM GREEN’, to assess its feasibility for producing maintenance parts. The system uses metal powder to create stainless steel components, reducing lead times and inventory costs. HMM aims to enhance competitiveness through technology adoption and collaboration with industry partners for innovation.

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ICS And CMI Renew Call For Treaty Ratification

ICS and CMI Renew Call for Urgent Ratification of Key International Maritime Treaties

The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) are urging governments to ratify crucial international maritime treaties that have not been widely adopted. The campaign emphasizes the importance of conventions like the Nairobi WRC, HNS Protocol, Hong Kong Convention, and the Beijing Convention for maritime safety and environmental protection.

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Titan And MOL Complete LNG And Bio-LNG Bunkering Op In

First LNG and Bio-LNG Bunkering Operation in Belgium Completed Successfully

Titan Clean Fuels and Mitsui O.S.K. Lines (MOL) recently completed a groundbreaking LNG and bio-LNG bunkering operation in Belgium. This operation showcased the potential of bio-LNG to reduce GHG emissions in the shipping industry. MOL’s commitment to LNG-fueled vessels highlights the importance of sustainable fuels in achieving decarbonization goals.

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KMAX Leader pierside

AMSA Wins Legal Case and Fines Ship Owner for Safety Violations

The Australian Maritime Safety Authority (AMSA) successfully prosecuted Universal Shipping Alliance LTD for failing to follow security protocols with the bulk goods vessel, KMAX leader. Despite ongoing engine issues and a looming cyclone season, the company ignored AMSA’s orders for a towing and rejecting plan. This case underscores AMSA’s commitment to maritime safety.

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MTF publishes security recommendations for ammonia -driven

Safety Guidelines for Ammonia-Powered Ships Released by MTF

The Maritime Technologies Forum (MTF) has released a report on recommendations for establishing a security management system for ammonia-powered ships. Ammonia is a leading low to zero carbon emission fuel, but poses risks such as toxicity and corrosiveness. The report highlights guidelines for SMS development, training, and addressing human factors for safe operations.

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