The Colombo West International Project by Adani Port and Special Economic Zone receives continued support from Sri Lanka Ports Authority, with no plans to review the agreement. Adani’s $1 billion investment in the Colombo Terminal is the largest foreign investment in Sri Lanka’s port industry, boosting infrastructure development.
The Indian Coast Guard recently completed the 11th National Maritime Search and Rescue Exercise (SAREX-2024) off the coast of Kochi, showcasing India’s commitment to maritime safety. The event featured workshops, seminars, and live-action sea drills to refine search and rescue protocols. International delegates from 38 countries participated, promoting global maritime partnerships.
A.P. Moller-Maersk aims to increase its use of alternative fuels to 15-20% by 2030, part of its goal to achieve net zero emissions by 2040. The company plans to use biodiesel, green methanol, and bio-methane in its vessels. Maersk is working to establish regulations with the IMO to promote cleaner alternatives in the shipping industry.
The upcoming Underwater Archaeology Museum in Piraeus, Greece, will be a significant landmark housed in a combination of a 1930s silo and a modern building. With 2,500 artifacts on display from prehistoric times to the Second World War, including a 3D printed ancient trireme, the museum aims to preserve maritime history and attract tourists.
MSQ’s summer boating safety campaign targets high-speed boaters and PWC riders, addressing one of Queensland’s “Fatal Five” boating behaviors. Running from December 14, 2024, to February 2, 2025, the campaign focuses on educating boaters on safety regulations, encouraging responsible behavior, and promoting a culture of safety on Queensland’s waterways during the holiday season.
Azolla has released an upgraded version of its CASPER™ platform to help shipowners comply with the upcoming Fuel EU Maritime regulation. The platform, initially developed for EU Emissions Trading System compliance, now offers comprehensive emissions management solutions. Key features include real-time data insights, compliance balance tracking, and strategic partnerships for enhanced compliance capabilities.
The FuelEU Maritime Regulation, effective January 1, 2025, requires action from maritime stakeholders. BIMCO’s FuelEU Maritime Clause for Time Charter Parties 2024 aims to align contracts with the regulation. Ship owners must comply, with the option to delegate to third-party ship management. BIMCO’s carbon clauses portfolio supports industry decarbonization efforts.
During a meeting in Tehran, Iranian Minister Sadeq highlighted Iran’s efforts to advance IMO policies for navigation safety. She expressed concern over sanctions hindering cooperation. IMO Secretary General Dominguez echoed her sentiments, emphasizing peace promotion in the region. Both officials underscored the challenges posed by sanctions on maritime cooperation and navigation safety.
On Monday, the commercial fishing vessel El Cañavera sank off the coast of Galicia. The crew was rescued by the fishing vessel Brisas de Cedeira. Search and rescue authorities responded quickly, marking the wreck to alert other vessels. The cause of the sinking is under investigation. The bow of El Cañavera remained visible above water.
The Maritime Safety Committee (MSC) will hold its 109th session at IMO Headquarters in London from December 2 to 6, 2024. Chaired by Mrs. Mayte Medina of the United States, discussions will focus on maritime safety and security, including autonomous vessels, alternative fuels, piracy, cyber security, and e-navigation.
Finnish green tech company Langh Tech has developed a new onboard carbon capture system for ships, with a unique feature of producing sodium carbonate for sale. Pilot tests showed over 80% capture rates, potentially reducing CO2 emissions by 20-30%. Commercial installations on four bulk carriers are planned for 2025.
A new EU-funded project led by VTT has successfully tested a groundbreaking solution to extend 5G network coverage and capacity beyond coastal areas, improving communication, safety, and passenger experiences in maritime operations. This project showcases Finland’s expertise in 5G technology and represents a significant advancement for the shipping industry.
The Maersk Mc-Kinney Møller Center for Zero Carbon Shipping has updated its Fuel Pathway Maturity Map to showcase advancements in alternative fuels for decarbonizing the maritime industry by 2050. Progress in ammonia, methanol, and biofuels indicates a promising shift towards sustainable options, with a proposed goal-based fuel standard to drive further innovation and regulatory alignment.
The Copernicus Sentinel-1 radar satellites have been upgraded with Sentinel-1C and Sentinel-1D, equipped with AIS for maritime traffic monitoring. AIS helps track vessels, prevent collisions, and enhance maritime security. These satellites can detect ships even without AIS signals, aiding in identifying illegal activities at sea. The integration of AIS enhances monitoring capabilities.
Louisiana-based Maritime Partners recently closed a $750 million warehouse facility, a first in the industry. Collateralized by three business lines, the facility will fund acquisitions and refinancing. CEO Bick Brooks highlighted increased borrowing capacity and strong access to capital. The partnership with ATLAS and Deutsche Bank demonstrates best-in-class funding approach for future growth.
