Trafigura Completes First Sustainable Ship-to-Ship Ammonia Transfer Near Ceuta

Trafigura Group achieved a significant milestone by completing its first ship-to-ship ammonia transfer, moving 6,000 metric tons from Louisiana to Spain. The Green Power MGC and Gas Aegean were integral to the successful operation in international waters near Ceuta. This marks Trafigura’s dedication to sustainable shipping practices, aiming to reduce greenhouse gas intensity by 25% by 2030 through innovative solutions like low-carbon ammonia.

Continue reading

AI in Shipping: Cutting 47 Million Tonnes of Carbon Emissions Annually

A study by Orca AI reveals AI’s potential in reducing carbon emissions in the shipping industry. AI can minimize manoeuvres during encounters with marine targets, leading to a 47 million tonne decrease in emissions annually. With the industry responsible for 3% of global CO2 emissions, experts stress the need for stricter measures. Orca AI’s CEO sees AI as key to optimizing voyages and achieving autonomous shipping.

Continue reading

IMO and MTCCs Sign MoU to Boost Maritime Decarbonization in Developing Regions

Representatives from five Maritime Technologies Cooperation Centres (MTCCs) met at the IMO to formalize a memorandum of understanding for inter-MTCC cooperation. Dr. Jose Matheickal highlighted the importance of collaboration in bridging knowledge gaps between regions. The MTCCs focus on technical cooperation, capacity building, and technology transfer to promote decarbonization technologies in maritime sectors worldwide.

Continue reading
‘Extremely Dangerous’ Hurricane Beryl Strengthens Before Landfall in Caribbean

Hurricane Beryl Threatens Caribbean Islands with Flooding and Strong Winds

Hurricane Beryl intensified on its path towards the Leeward Caribbean islands, posing threats of flooding, storm surges, and life-threatening winds. Residents prepared by securing businesses, stocking up on supplies, and following evacuation orders. The storm’s early and robust formation has raised concerns across the region, with authorities urging caution and readiness.

Continue reading

US Forces Shoot Down Houthi-Linked Drones Threatening Red Sea Navigation

In the past 24 hours, US forces intercepted and shot down three maritime drones linked to Yemen’s Houthi group in the Red Sea. Centcom emphasized the importance of safeguarding freedom of navigation and condemned the Houthis’ actions. The US military’s response underscores the commitment to protecting international waters and ensuring the security of vessels in the region.

Continue reading

Iranian Shadow Tanker Master Goes Missing Before Indonesian Trial

A court in Batam, Indonesia postponed the trial in a case involving a tanker caught in illegal activities. The master of the vessel disappeared before the session, adding complexity to the case. Ownership of the tanker, suspected of smuggling Iranian oil, remains disputed. The vessel faces potential seizure and auction, while the crew’s fate and pending charges hang in the balance.

Continue reading

Gard Acquires Codan Energy & Marine from Alm. Brand Group in $160 Million Deal

Danish insurance conglomerate Alm. Brand Group has sold its Codan Energy & Marine division to Gard for $160 million in cash and $70 million in equity. This move aligns with Alm. Brand’s strategy to maximize value and strengthens Gard’s position in the marine and energy sectors. The acquisition brings Gard $180 million in annual premium income and a stronger foothold in the industry.

Continue reading

Malta Maritime Forum Highlights Governance and ESG Priorities for Maritime Industry

Kevin J Borg, CEO of the Malta Maritime Forum, highlighted the importance of governance in achieving environmental and social goals at an ESG conference. He emphasized the need for effective oversight and a clear tone from the top to meet these objectives. The event aimed to address challenges faced by maritime stakeholders and share insights on industry efforts to advance ESG practices.

Continue reading

Collaboration between two parties on maritime ammonia fuel systems.

Amogy and Mitsubishi Shipbuilding Co., Ltd. have completed a feasibility study on developing onboard hydrogen production and utilization technologies. This collaboration aims to support the IMO’s goal of achieving net zero greenhouse gas emissions in the maritime industry by 2050. The partnership focuses on innovative ammonia-cracking technology and ammonia fuel systems to reduce environmental impact and promote clean energy solutions for ships.

Continue reading

Maritime NZ Expands Health and Safety Oversight at 13 Ports

Effective July 1, 2024, Maritime NZ is the primary regulator for New Zealand’s major ports, aiming to enhance safety measures and prevent harm to port workers. By consolidating oversight, better engagement with businesses is expected, leading to improved management of high-risk activities. Collaboration with WorkSafe will streamline processes, ensuring clear health and safety benefits for port workers.

Continue reading
tanker at sea

US Sanctions UAE Companies and Tankers Over Nuclear Concerns

The US State Department sanctions three companies and eleven tankers from the UAE for transporting Iranian petroleum and petrochemical products. Secretary of State Antony Blinken condemns Iran’s nuclear program expansion, labeling it as lacking credible peaceful intentions. Blocked property includes vessels like ASTRA, BALTIC HORIZON, and more as part of the enforcement.

Continue reading
Advertisements