Idemitsu Kosan Co. Ltd has partnered with Kanematsu Corp. to supply bio-blended fuel for ocean-going vessels, marking a first for Japanese oil refiners. Targeting 5,000 tons by March 2026, this initiative supports the shipping industry’s decarbonization efforts, leveraging Kanematsu’s facilities and conducting trials to ensure reliability in cold climates.
Prime Minister Narendra Modi has unveiled a major initiative to enhance India’s shipping sector by developing local Maintenance, Repair, and Operations (MRO) capabilities. The move aims to modernize port infrastructure, reduce costs, generate jobs, and increase self-reliance, positioning India as a competitive force in the global maritime industry.
The European Sea Ports Organisation (ESPO) has voiced concerns over the International Maritime Organisation’s decision to delay the Net-Zero Framework adoption by a year. This postponement could impede emission reduction efforts and climate targets in the shipping sector, highlighting the urgent need for effective strategies to combat climate change.
Carbon pricing is reshaping the global shipping industry, with projected compliance costs exceeding $6 billion by 2025 under the EU Emissions Trading System. By 2030, these costs could escalate to nearly $100 billion due to overlapping schemes. As carbon factors into financial assessments, shipping operations are undergoing significant re-evaluation.
The NSB Group has partnered with Phlair to enhance its decarbonization efforts by capturing CO2 at Phlair’s “Dawn” facility. This collaboration targets NSB’s Scope 1 and 3 emissions, reflecting a trend in the shipping industry as companies like NYK and Schneider Electric invest in carbon removal credits from DAC technologies.
Shipping has always been a diverse industry, uniting individuals from various cultures. Elpi Petraki, President of WISTA International, stresses that inclusion is vital for tackling challenges like decarbonization. As the sector shifts towards sustainable fuels, collaboration and a diverse workforce will be essential for innovative solutions and a greener future.
At the APPEC conference in Singapore, shipping executives highlighted that the transition to alternative fuels will accelerate post-2030 due to stricter emissions regulations. Emma Mazhari of Maersk emphasized a shift toward dual-fuel vessels, while Takeshi Hashimoto noted a focus on LNG and methanol, despite current decarbonization challenges.
The Indian government is poised to grant the shipping industry infrastructure status, anticipated within two weeks. This classification will provide shipping companies access to long-term financing, easing expansion and order fulfillment. By addressing financial challenges, the initiative aims to boost domestic shipbuilding and elevate India’s global standing in maritime trade.
Inmarsat Maritime, a Viasat company, has partnered with Anglo-Eastern to enhance Hadley Shipping Group’s fleet with the NexusWave connectivity solution. This upgrade signifies a leap towards a unified, multi-orbit system, improving performance, cybersecurity, and scalability, while ensuring reliable internet access for seafarers and enhancing operational efficiency and crew wellbeing.
Fabian Fussek, co-founder and CEO of Kaiko Systems, warns that the shipping industry’s dependence on outdated, paper-heavy compliance processes is overburdening crews and compromising safety. He advocates for digitalization to empower seafarers, not replace them, emphasizing that streamlined processes can enhance trust, transparency, and operational efficiency without sacrificing safety.
Researchers have unveiled a groundbreaking method to reduce emissions in the shipping industry. A study in Science Advances highlights the accelerated weathering of limestone (AWL), which mimics natural carbon sequestration. If widely adopted, AWL could potentially cut shipping-related carbon pollution by half, offering a promising solution to climate change.
Twelve seafarers aboard the Gas Falcon off Beira, Mozambique, have been stranded for ten months, unpaid and without basic supplies. Captain Muhammad Aslam reports severe mental health impacts among the crew, comprised of three Pakistanis and nine Indonesians. The situation highlights a growing crisis of seafarer abandonment worldwide.
CLASSNK has released the fourth edition of its “FAQs on the FuelEU Maritime,” providing crucial updates for the shipping industry ahead of the regulation’s January 1, 2025, implementation. Key highlights include clarified cumulative penalty conditions and a prioritized order for fuels in GHG intensity calculations, supporting compliance efforts for ships over 5,000 gross tonnage.
For years, the shipping industry viewed autonomy as a distant prospect. Yarden Gross, CEO of Orca AI, argues this mindset is outdated. Autonomous ships are operational, and AI is enhancing commercial vessels. With crew shortages and emissions targets, the economic necessity for autonomy drives its rapid integration into shipping.
Major shipping organizations, including the International Chamber of Shipping and BIMCO, have condemned recent attacks on vessels in the Red Sea, which resulted in seafarer fatalities. The joint statement emphasized a “callous disregard for the lives of innocent civilian seafarers” following the sinking of two ships this week.
