Infrastructure Challenges Impede the Future of Carbon Capture in Shipping

As the shipping industry targets a 20% reduction in greenhouse gas emissions by 2030, onboard carbon capture and storage (OCCS) systems have gained traction. Despite their technical feasibility, infrastructure challenges and regulatory recognition hinder widespread adoption. Effective decarbonization necessitates a cohesive carbon capture utilization and storage (CCUS) value chain.

Continue reading

Seawing Automated Kite Technology Receives ClassNK Validation

ClassNK has validated the performance of the automated kite system, ‘Seawing,’ developed by Kawasaki Kisen Kaisha and OCEANICWING S.A.S. This validation, encapsulated in a Statement of Fact, highlights the system’s potential to meet environmental regulations and reduce fuel costs, reinforcing the maritime industry’s commitment to sustainability through wind-assisted propulsion systems.

Continue reading
IMO Schedules Extraordinary Council Meeting To Discuss

IMO Calls Extraordinary Meeting to Address Middle East Maritime Concerns

The International Maritime Organization (IMO) has called an Extraordinary Council meeting on March 18-19 to discuss the impact of Middle East tensions on shipping and seafarers in critical maritime regions. This session, chaired by Victor Jiménez, aims to enhance maritime safety and security amid growing concerns from Council Members.

Continue reading
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev

U.S. Treasury Allows Russian Oil Shipments Amid Strait of Hormuz Tensions

The U.S. Treasury Department has issued a sanctions wind-down authorization allowing Russian oil vessels at sea to complete their journeys amid rising tensions in the Strait of Hormuz. This license enables necessary transactions for loaded cargoes and supports essential maritime services, despite restrictions on Iran-related transactions. Effective until April 11.

Continue reading
Advertisements