Jotun’s recent report, based on a survey of 1,000 ship owners, reveals alarming trends in biofouling management. With 41% facing penalties and 38% denied port access due to inadequate strategies, the need for effective antifouling solutions is pressing. Awareness of biofouling’s impact on the shipping industry is growing rapidly.
The shipping industry’s pursuit of net-zero carbon emissions has intensified interest in biofuels, which are compatible with existing engines. However, Rystad Energy’s analysis reveals a significant gap between biofuel production capacity and demand, raising concerns over supply limitations. The upcoming Rystad Talks Energy webinar will explore solutions for maritime leaders.
The shipping industry faces mounting pressure to combat invasive species through hull biofouling. Abigail Robinson from ECOsubsea champions closed-loop hull cleaning as essential for compliance and efficiency. Despite awareness of biofouling’s risks, inadequate regulation persists. Norway’s proposal for mandatory management highlights the need for a global framework to safeguard marine ecosystems.
In today’s shipping industry, operational resilience relies heavily on robust digital infrastructure. Transitioning to cloud-based solutions enhances fleet management, integrating safety, maintenance, and procurement into unified platforms. BASSnet Web 3.0 exemplifies this evolution, modernizing ship management with advanced interfaces, while AI optimizes maintenance and procurement, boosting efficiency and safety.
New international maritime regulations are set to transform the shipping industry, according to Lloyd’s Register. Effective May 1, 2025, these changes focus on environmental protection, safety, and seafarer welfare. Key updates include the Hong Kong Convention on Ship Recycling and stricter greenhouse gas emissions data requirements under MARPOL Annex VI.
The FuelEU Maritime regulation could unexpectedly benefit the shipping industry financially, potentially generating a net gain of around USD$279 million. While an initial compliance gap of 0.8 million metric tons of CO₂e exists, using biofuels to address this could lead to significant revenue opportunities, particularly if operators implement surcharges.
California’s coastline is vital for whale habitats, prompting the shipping industry to implement protective measures. Collaborating with NOAA, major ocean carriers are reducing speeds to 10 knots in designated zones to prevent ship strikes on endangered whales. This initiative, “Protecting Blue Whales and Blue Skies,” also aims to reduce pollution.
Carbon Ridge has received Design Basis Approval (DBA) from DNV for its Onboard Carbon Capture System (OCCS), confirming compliance with safety and regulatory standards. This milestone facilitates future type approval and deployment, promising over 90% CO₂ emission reduction and positioning the OCCS as a key solution for global maritime emissions.
Three prominent shipping figures—Fredriksen, Ofer, and Wilhelmsen—are taking Edda Wind private to overcome growth barriers posed by its current ownership structure. They plan to acquire full control via Electric AS, offering a cash buyout at a 33% premium, valuing Edda Wind at $287.5 million, following strong financial results.
Tobias Backer, executive director of Pelagic Capital, addresses the cash requirements in the shipping industry amidst geopolitical challenges. With conflicts in Ukraine and Gaza, regulatory changes for green initiatives, and US protectionism affecting trade relationships, traditional banks are cautious in lending. Alternative credit institutions like MareVia Credit Fund aim to fill the capital gap for shipowners.
India, along with 62 other nations, voted in favor of a global carbon tax for the shipping industry by the International Maritime Organization. This decision, made in London, aims to reduce emissions and promote cleaner technologies. However, criticism has arisen for not addressing climate finance needs of developing countries.
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 IMO has released preliminary guidelines for the safety of ships using ammonia as fuel, a crucial step towards regulatory support for alternative fuels. BIMCO has actively contributed to ensuring safe adoption. The guidelines cover ship design, operation, toxicity reduction, aligning with existing codes and focusing on safety and reliability.
The shipping industry faces a severe crew shortage, with projections showing a potential shortfall of 90,000 individuals. The “All Onboard” consortium conducts research to improve crew retention at sea. A recent report highlights changes to combat harassment, bullying, fatigue, and discrimination. Recommendations include zero-tolerance policies and creating a positive workplace for all seafarers.
UK Maritime Minister Mike Kane has unveiled a plan to make vessels in UK waters carbon-free by 2050. The decarbonization strategy aims for a 30% emission reduction by 2030, focusing on larger polluting vessels. The initiative includes integrating shipping into the UK Emissions Trading Scheme and promoting clean technologies like hydrogen and electric fuels.
