Licensed bunker tankers in the Singapore port can now carry and deliver up to 30% blended marine biofuel (B30) starting Friday, following new regulations from the Maritime and Port Authority. This change aligns with international standards and reflects a growing demand for cleaner fuel options. Stakeholders must seek approval for biofuel blends exceeding 30%.
Maersk Tankers, a key player in the shipping industry, is integrating wind-assisted propulsion technology to reduce emissions. Bound4blue, based in Spain, will install suction sails on five medium-range tankers, marking their largest agreement yet. Maersk Tankers aims to enhance energy efficiency and sustainability, aligning with industry regulations and reducing fuel consumption and CO2 emissions.
During a recent seminar, senior market analyst Jakub Walenkiewicz discussed the impact of disruptions on the shipping market, highlighting how unpredictability has driven key developments. He challenged traditional economic models, noting the influence of geopolitical events like the Russian invasion of Ukraine. Walenkiewicz emphasized the cash surpluses and shifting dynamics in the sector.
Danish operator TORM is strategically expanding its fleet to take advantage of the rebound in tanker markets, with a recent acquisition of eight second-hand MR vessels. The $340 million deal, financed through a mix of bank financing and shares, is part of TORM’s plan to grow its fleet to 96 vessels by 2024. CEO Jacob Meldgaard is pleased with the company’s strategic growth.
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.
Wärtsilä will supply EnergoFlow and EnergoProFin propulsion solutions to four medium-range tankers in the International Seaways fleet. This upgrade will result in an estimated five percent fuel savings and marks the first time Ice Class 1A FS vessels will be equipped with the EnergoFlow solution. The project aligns with International Seaways’ commitment to decarbonization and meeting CII requirements.
According to the U.S. Energy Information Administration, maritime trade has shifted dramatically due to drone and missile attacks in the Middle East, leading to a 47% increase in crude oil and oil product flows around the Cape of Good Hope. This rerouting has impacted trade dynamics and increased transport times and costs significantly.
Tanker owners’ association Intertanko conducted a survey with over 5,400 seafarers, revealing high satisfaction levels with their careers. Workload was a major concern, with Filipinos most likely to feel overwhelmed. Female officers reported gender-based misconduct. Many seafarers aim to transition to shore-based roles due to family reasons and workload. Resilience among Filipino seafarers was noted.
The UK is funding a project to expand the use of rotor sails to more classes of vessels. Anemoi Marine Technologies, along with partners, will develop and demonstrate a smaller sized rotor sail suitable for mid-range vessels. The project, costing £1.9 million, aims to assess the performance of the new design.
Copenhagen-based Maersk Tankers has acquired boutique commercial management company, Penfield Marine, in a move to expand their crude oil and product tanker business and offer a wider range of services. The combined company will oversee the management of approximately 240 vessels, with Penfield Marine joining Maersk Tankers under the leadership of CEO Tina Revsbech.
