Lloyd’s Register (LR) has teamed up with Amogy and RotoBoost for a joint project focusing on cutting emissions in the maritime industry. The study will assess advanced technologies like hydrogen fuel cells and ammonia-to-power systems to meet strict emissions standards. This collaboration aims to drive decarbonization in shipping through sustainable solutions.
Star Bulk recently sold its oldest vessel, the 2004-built Capesize ship Star Triumph, for $20 million. After debt repayment, the net proceeds are expected to be around $13 million, resulting in a gain of $7.7 million in the third quarter of 2024. The buyer of the vessel was not disclosed. This move is part of Star Bulk’s strategy to optimize its fleet by selling older vessels and investing in newer, more efficient ships to enhance performance and competitiveness in the dry bulk shipping industry.
Hexagon Purus Maritime, a subsidiary of Hexagon Purus in Norway, has secured an order to supply a compressed hydrogen fuel system for a new Greenpeace vessel. The vessel, built at Freire Shipyard in Spain, will utilize clean energy technologies like hydrogen, e-methanol, wind, and solar power. This move aligns with global decarbonization efforts in the maritime industry.
The latest report from EMSA, led by ABS, analyzes hydrogen and wind propulsion for carbon-neutral shipping. Presented at SMM 2024, the report covers greenhouse gas impacts, scalability, and safety. ABS VP Koutsourakis is proud of the research consortium. CE Delft highlights the importance of meeting emissions requirements. Future reports will explore biofuels, ammonia, synthetic fuels, and nuclear energy for shipping .
Seychelles will assume the Chair of the Contact Group on Illicit Maritime Activities (CGIMA) following the second plenary meeting on September 5, 2024. With a focus on combating piracy and ensuring maritime security, Seychelles will collaborate with partners to address threats in the Western Indian Ocean. This leadership underscores the country’s commitment to promoting stability in the region.
Novatek, a Russian LNG producer, defied Western sanctions by sending the Everest Energy tanker through the Northern Sea Route. Despite lacking proper permits and sailing under a defunct flag, the vessel completed the journey to Asia. This risky move showcases Russia’s determination to market LNG in the face of sanctions and challenges in international shipping.
Salvage efforts for the burning crude oil tanker Sounion have been stalled for a week, prompting Greece to engage in talks with Saudi Arabia. Drone footage released by the U.S. Department of Defense shows ongoing fires on the vessel. Safety concerns and the need for more powerful tugs have delayed salvage attempts.
More than a dozen former students of the U.S. Coast Guard Academy have filed a lawsuit seeking $130 million in damages, alleging unchecked sexual violence at the school. The group accused the academy of enabling abuse for almost four decades and failing to protect victims. Each student is demanding $10 million in damages.
Lloyd’s Register is collaborating with ROTOBOOST and Amogy to evaluate fuel cell and CCS technologies in the maritime industry. The study will assess technical readiness, financial viability, and regulatory aspects to reduce emissions. Key elements include hydrogen fuel cells and ammonia-to-power systems. This project aims to advance alternative propulsion methods to meet new carbon market and regulatory requirements.
BC Ferries in Canada is struggling with its aging fleet, as the 60-year-old Queen of New Westminster lost its propeller, causing service cancelations at the end of a busy summer season. Despite efforts to address maintenance issues, the operator faces significant operational hurdles. Plans are in place to introduce new vessels to meet growing demand.
The dry cargo shipping sector is on an upward trajectory, as shown by the Baltic Dry Index and interest from financial institutions like Deutsche Bank. The Capesize segment is particularly strong, with significant price increases suggesting a potential industry turnaround. Star Bulk and Genco are leading the way with strategic financial approaches and a focus on shareholder rewards. Investors are taking notice of the positive developments in this sector.
The MV Roofing, the world’s first commercial hybrid-powered cargo ship, brought a crucial component for NASA’s Artemis III mission to the Port of Canaveral. This specially designed vessel, with its innovative wing sails, marks a significant advancement in maritime technology and aims to revolutionize fuel efficiency in shipping. The successful delivery to NASA signifies a major milestone in the Artemis program.
Norwegian offshore support company Østensjø has commissioned the construction of an innovative Ocean Energy Support Vessel (OESV) at a shipyard in Spain. This vessel, designed for a variety of offshore support tasks, focuses on versatility, adaptability, and environmental sustainability. With a delivery expected in 2027, it represents a significant advancement in Østensjø’s fleet modernization efforts.
Varuna Marine Services unveiled a new product at SMM Hamburg 2024 to support compliance with FuelEU Maritime. Integrated into their CyberSmart platform, the solution offers optimized fuel management, real-time emissions monitoring, and advanced data analytics. Leveraging AI and machine learning, Varuna aims to streamline maritime operations and meet stringent regulatory criteria.
Ocean Infinity has made history in maritime innovation by obtaining a Statement of Compliance from DNV for its groundbreaking remotely supported vessel operations. This milestone sets a new standard for the industry, allowing for onshore marine tasks to begin. The achievement was recognized at SMM in Hamburg, showcasing Ocean Infinity’s pioneering work in maritime technology. CEO Oliver Plunkett expressed pride in the team’s dedication to pushing boundaries and delivering services with a focus on safety.
