Ukrainian officials have extended a freight liberalisation agreement allowing Ukrainian cargo to enter the EU without permits. This agreement, signed in 2022, streamlines trade operations by eliminating the need for transport permits. The extension is crucial due to the impact of the Russian invasion on Black Sea ports, making trade flow maintenance essential.
A Scandinavian mid-tier investment firm has acquired Cobham Satcom, a manufacturer of satellite communications terminals, to expand its technology focus in the maritime sector. The UK-based Cobham Group sold its satellite communications arm to Solix in Denmark. This acquisition will enable Cobham Satcom to invest in new communication terminals for various satellite networks.
ClassNK has granted approval in principle to Mitsubishi Shipbuilding for their Onboard Carbon Capture and Storage system. This certification confirms the system’s feasibility in meeting regulatory and safety standards. The OCCS is part of efforts to reduce greenhouse gas emissions from ships, aligning with the industry’s focus on CO2 capture methods and fuel conversion.
Navantia Seanergies and Semco Maritime have joined forces to build offshore substations and provide lifecycle support for the offshore wind industry. This partnership combines their expertise to offer efficient EPC solutions. The collaboration aims to enhance their leadership in the market and deliver innovative solutions to meet the demand for clean energy.
Greece’s Motor Oil Group and Coral Marine achieved a historic milestone with the first delivery of bio marine fuels in the country. This move signifies a significant step towards reducing emissions and promoting a green transition in the shipping industry. The innovative blend used can reduce CO2 emissions by approximately 21%.
NYK has signed a contract to build and charter a cutting-edge VLCC with a methanol-powered main engine, aiming for lower carbon emissions. Partnering with Idemitsu Tanker and Nippon Shipyard, this environmentally friendly vessel meets Malacca Max standards. NYK’s commitment to sustainability includes using green methanol and renewable energy sources for emission reductions.
The BIMCO Documentary Committee has approved revisions to its War Risk Clauses to address evolving geopolitical challenges in the shipping industry. Updated versions include the VOYWAR 2025 and CONWARTIME 2025 clauses. Chairperson Nicholas Fell stressed the importance of reflecting conflicts accurately. The committee also discussed war risk insurance aspects.
The successful transfer of jet fuel cargo from the damaged tanker Stena Immaculate has been completed, with preparations underway to bring the vessel into a UK port. The collision with the feeder ship Solong led to a fire, crew abandonment, and one missing crewmember presumed dead. Salvors are stabilizing the situation and conducting clean-up operations.
The Transport Accident Investigation Commission in New Zealand released a report on the grounding of the passenger vessel Fiordland Navigator, attributing it to a fatigued master who fell asleep at the helm. The incident occurred on January 24, 2024, resulting in minor injuries and moderate damage. Recommendations were made to improve safety measures and oversight.
Dutch responders managed to extinguish a vessel fire caused by an explosion on a boxship off Hoek van Holland. The crew of the container feeder ship Victoria L contained the fire with no reported injuries. The fire reignited later, prompting a response from a fire crew, a helicopter, and multiple boats.
The National Oceanography Centre (NOC) in the UK has launched a new Innovation Hub in Southampton to drive advancements in ocean technology and support sustainable growth in the blue economy. With a £200,000 investment, the facility will act as a hub for innovation in marine autonomous systems and the broader blue economy.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, revealed plans for a port modernization program with the Nigerian Ports Authority focusing on Apapa and Tincan Island ports. This initiative aims to enhance port infrastructure, reduce turnaround time, and address challenges in the maritime sector. Oyetola emphasized the importance of a holistic approach.
Wärtsilä introduces a methane slip reduction solution for its Wärtsilä 50DF dual-fuel engine, converting it to spark gas operation. This technology reduces methane emissions by up to 75% compared to the standard engine, making it more efficient and environmentally friendly. Chevron is already onboard with converting engines on its LNG carriers to spark gas.
Thousands of Greeks gathered in Athens demanding higher wages amidst rising living costs. A one-day strike halted ferries, flights, and trains. Despite economic growth, many struggle to cover basic needs. Workers call for significant pay raises. The government plans to raise the minimum wage but remains cautious due to high debt.
OEG Energy Group (OEG) has launched GEOBASE, a revolutionary solution for maintaining dimensional control on offshore vessels. This tool streamlines calibration processes, standardizes measurements, and verifies sensor accuracy, reducing errors and delays during surveys. Developed by OEG’s team, GEOBASE is the industry standard for vessel geometry assurance, offering precise positioning data for critical offshore operations.
