British oil major BP has joined its peers in scaling back renewable-energy initiatives in favor of a return to its historical focus on oil and gas. On Wednesday, BP Chief Executive Officer Murray Auchincloss told investors that the company’s controversial plan to pivot fast and early towards green energy is now over. “This is […]
Efforts to continue to build out the engine options for shipowners seeking to align with the emerging trends for alternative fuels continued with WinGD highlighting the delivery of the most powerful methanol-fueled engine for ships. It is the largest yet built for methanol and part of the company’s diversified future offering including LNG and […]
The Royal Thai Navy had a collision with a foreign fishing vessel during an enforcement mission earlier this week, the service confirmed Wednesday. On Saturday, the Royal Thai Navy tracked and monitored a group of 10 foreign fishing vessels that were conducting illegal fishing operations in Thai waters, reportedly including pair trawling and light-lure […]
In a move that goes against the global trend to stop live export, Argentina announced that it is repealing a ban that has been in place since 1973. The Agriculture, Livestock and Fisheries Secretariat of the Ministry of Economy cited it as a move to support free trade and to grow Argentina’s export industry […]
In response to the growing challenges of illicit trade and supply chain security, a new industry alliance is being launched to drive the adoption of cutting-edge smart container technology. Known as the Smart Container Alliance, the group reports its goal is to unite industry leaders in a collective effort to enhance cargo traceability, fortify […]
In what is being called a milestone for the emergence of alternative fuels for the maritime sector, the first bunkering of certified bio-LNG was completed off Norway. The emergence of the fuel is a critical step toward meeting the requirements of the FuelEU Maritime regulations and demonstrates a pathway for the industry with alternative fuels. […]
Decades after other industries embraced digital transformation, shipping still relies on email chains, phone calls, and gut feel. But AI and data-driven decision-making are starting to challenge the status quo, forcing companies to rethink how they operate. Some shipowners and operators see AI as a buzzword. Others see it as an existential threat. The reality? […]
After the fatal allision between a small vessel and the giant crane ship Saipem 7000 last year, the Netherlands’ safety board has called on Rotterdam’s pilots and on a prominent ship repair yard to carry out better planning before navigational evolutions in tight harbor basins. On February 21, 2024, the Saipem 7000 collided with […]
Louis Dreyfus Amateurs, which today is focused on offshore services, cargo and port operations, and logistics, is set to be acquired by Paris-based private equity firm InfraVia. The firm had been seeking capital from investors to fuel its growth. According to the announcement, the Louis-Dreyfus family which is the shareholders of the company has entered […]
A tidal wave of new regulations is set to hit the global maritime sector this year, representing fresh, highly-complex compliance challenges. From environmental performance to evolving security and safety standards, the shipping industry faces a raft of new rules intended to ensure safe operations and reduce greenhouse gas (GHG) emissions. In this article, Stamatis […]
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has announced a deal to bring Sustainable Aviation Fuel (SAF) to the Kingdom for the first time. In order to make aviation more sustainable, SAF and Lower-Carbon Aviation Fuel (LCAF) are two fuels specifically developed to help reduce greenhouse gas […]
A Russian research vessel has gone down because of heavy icing conditions at the port of Novorossiysk, Russia, according to dissident media outlet Crimean Wind. The small research vessel Ashamba, operated by the Shirshov Institute of Oceanology, was moored at a marina in Novorossiysk last weekend during a severe winter storm. The crew could not […]
