Industry News

  • The failure of a solid-state relay contributed to a bulk carrier’s loss of steering in the Mississippi River near New Orleans, according to the a US National Transportation Safety Board investigation.
    News

    Steering loss caused $6 million in damages

    2022-09-30T09:40:00Z

    A bulk carrier’s loss of steering led to an estimated $6 million in damages when it contacted a barge near New Orleans, the US National Transportation Safety Board said in its investigation report.

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    News

    Cyber security funding

    2022-09-29T12:35:00Z

    CyberOwl raises US$5.1M in funding to expand cyber-security support in the shipping industry 

  • BOURBON has announced the setup of a new division dedicated to offshore wind.
    News

    BOURBON establishes wind division

    2022-09-28T11:54:00Z

    After more than 10 years of installation of the main floating wind farm prototypes in Europe, BOURBON has announced the setup of a new division dedicated to offshore wind. 

  • The cargo owners are calling for shipping companies to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040.
    News

    New brands join 2040 zero-carbon shipping ambition

    2022-09-26T09:31:00Z

    Cargo Owners for Zero Emission Vessels (coZEV) has announced the addition of Beiersdorf, Dupont, Electrolux, ETTLI Kaffee, Moose Toys, Ohana Beverage Company, Philips, REI Co-op, Sisley, and Target to its 2040 Ambition Statement.

  • Guy Platten: “The Clean Energy Marine Hubs Initiative will not only support the global clean energy transition but will propel the development of the zero emissions infrastructure that we can all benefit from"
    News

    Canada and UAE participate in future fuels initiative

    2022-09-26T09:14:00Z

    The International Chamber of Shipping (ICS) and International Association of Ports and Harbors (IAPH), along with the CEO-led Clean Energy Maritime Taskforce, have unveiled the Clean Energy Marine Hubs Initiative with Canada and the UAE confirmed as participants.

  • Rolls-Royce Power Systems Dr Jörg Stratmann to become new CEO
    News

    Key appointments at Rolls-Royce Power Systems

    2022-09-23T11:28:00Z

    Rolls-Royce Power Systems makes key appointments to its senior leadership team

  • Air Liquide, Chevron, Keppel Infrastructure, and PetroChina have signed a memorandum of understanding to advance the development of large-scale carbon capture, utilisation, and sequestration (CCUS) solutions in Singapore.
    News

    Consortium explores CCUS in Singapore

    2022-09-22T09:07:00Z

    Air Liquide, Chevron, Keppel Infrastructure, and PetroChina have signed a memorandum of understanding to advance the development of large-scale carbon capture, utilisation, and sequestration (CCUS) solutions in Singapore.

  • The Australian Transport Safety Bureau (ATSB) investigation found that BBC Rhonetal’s managers had not effectively implemented the shipboard safety management system procedures to prevent the fire.
    News

    ATSB issues recommendations after ship fire

    2022-09-21T11:41:00Z

    The Australian Transport Safety Bureau (ATSB) has issued safety recommendations to the managers and parent company of the cargo ship BBC Rhonetal, following an investigation into a fire in the hold of the vessel at Port Hedland, Western Australia.

  • Rio Tinto has been examining a variety of different fuel options, including a 2021 marine biofuel trial on its RTM Tasman vessel.
    News

    Rio Tinto joins First Movers Coalition

    2022-09-21T11:25:00Z

    Rio Tinto has announced it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains.

  • Damen Shipyards is developing a new class of anchor handler to support the roll out of large scale, floating offshore wind turbines.
    News

    Damen developing floating wind anchor handlers

    2022-09-21T11:15:00Z

    Damen Shipyards is developing a new class of anchor handler to support the roll out of large scale, floating offshore wind turbines. 

  • ABS awarded approval in principle (AiP) to Daewoo Shipbuilding & Marine Engineering (DSME) for its design of cargo tanks for super-large, liquefied carbon dioxide (LCO2) carriers.
    News

    ABS awards AiP for large LCO2 cargo tanks

    2022-09-12T09:19:00Z

    ABS has awarded approval in principle (AiP) to Daewoo Shipbuilding & Marine Engineering (DSME) for its design of cargo tanks for super-large, liquefied carbon dioxide (LCO2) carriers.

  • AMSA has advised that there will be an increased focus on planned maintenance during routine PSC inspections of propulsion and auxiliary equipment, including associated systems.
    News

    Australia targets planned maintenance

    2022-09-06T05:14:00Z

    The Australian Maritime Safety Authority (AMSA) has advised Recognised Organisations of a change in the focus of Port State Control (PSC) inspections regarding planned maintenance on ships.

  • Andy McKeran, Chief Commercial Officer, Lloyd’s Register, presenting the Design Approval certificate to Mr. Won-ho Joo, Senior Executive Vice President and Chief Technical Officer of HHI, in a ceremony at Gastech.
    News

    More LCO2 carrier designs aim for higher storage capacity

    2022-09-06T04:54:00Z

    Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have both gained approvals for their liquified CO2 (LCOS) carrier designs which target larger transport volumes. 

  • CMA CGM has launched a new Special Fund for Energies, which is intended to promote the development of industrial-scale production of several alternative fuels, and to help the Group source sufficient volumes for its requirements.
    News

    CMA CGM creates clean energy fund

    2022-09-05T19:21:00Z

    The CMA CGM Group is creating a Special Fund for Energies, backed by a five-year, USD 1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050.

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    News

    DC circuit breaker

    2022-09-02T12:57:00Z

    ABB launches a new solid state circuit breaker to protect and control DC power systems

  • ​The stern of the Roger Blough during firefighting efforts.
    News

    Laid up vessel fire caused by burner

    2022-09-02T09:42:00Z

    The US National Transportation Safety Board (NTSB) has released its investigation report into the engine room fire aboard the bulk carrier Roger Blough, citing a burner used to heat the space during winter.

  • Towage operator Svitzer’s launched a multi-faceted decarbonisation strategy in May 2022.
    News

    Svitzer’s EcoTow solution is part of its carbon neutrality target

    2022-08-29T10:03:00Z

    Sven Lumber, Head of EcoTow, Group Operations makes the case for decarbonisation in the towage market

  • Towage operator Svitzer's Aim for 8 speed initiative forms part of the company’s multi-faceted decarbonisation strategy that was launched in May 2022.
    News

    Svitzer saves 1,000 tonnes of CO2

    2022-08-29T08:39:00Z

    Towage operator Svitzer has announced that its Aim for 8 speed initiative – which asks tug crews to navigate at a maximum speed of eight knots during mobilisation and demobilisation – has prevented 1,000 tonnes of CO₂ from being emitted into the atmosphere.

  • Mitsui O.S.K. Lines (MOL) has been granted Approval in Principle (AiP) from ClassNK for design of a large-scale liquefied carbon dioxide (LCO2) carrier.
    News

    AiP granted for design of large LCO2 carrier

    2022-08-23T08:03:00Z

    Mitsui O.S.K. Lines (MOL) has been granted Approval in Principle (AiP) from ClassNK for design of a large-scale liquefied carbon dioxide (LCO₂) carrier.

  • A number of shipbuilding enterprises have experienced serious financial problems after their inclusion on lists of sanctioned entities.
    News

    Russian civil shipbuilding sector ‘facing deepest crisis in history’

    2022-08-19T09:08:00Z

    The Russian sector of civil shipbuilding is facing with the deepest crisis in its history, with the industry expected to record a record drop in 2022 that will be significantly exceed the 43% y/y decline observed in 2021.