Global Bulker Fleet Speed Declines to Comply with IMO Regulations

According to new research report by Veson Nautical (Veson), global carbon emissions from bulk carrier vessels have fallen by 5 million tonnes, or 2.5%, since the beginning of 2021. This was achieved in spite of an increase in the distance travelled and time spent underway. The report cites a reduction in average speed by bulk

Global Demand for Containers and LNG Vessels Likely to Shrink: VesselsValue

VesselsValue in its latest report predicted that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline. Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels. Geopolitical tensions, such as the

WPCAP to Merge into IAPH for Strengthening Maritime Sustainability

The World Ports Climate Action Program (WPCAP) will merge into the IAPH Climate and Energy Committee, strengthening global decarbonisation efforts and accelerating sustainable fuel initiatives. The announcement was made at the IAPH 2024 World Ports Conference, held on 8-10 October in Hamburg, Germany. Established in 2018, WPCAP brought together major ports including Rotterdam, Antwerp-Bruges, Barcelona, and Los Angeles, to

First Fully Digital Bunkering Will Come into Force at Singapore from April 2025

Singapore will be the first port in the world to go fully digital for bunkering, ditching all paper bunker delivery notes. At a keynote speech during the biennial Singapore International Bunkering Conference and Exhibition on 9 October, Singapore’s Senior Minister of State for Transport, Dr. Amy Khor, said this will be effective from 1 April

Korean Shipbuilders Lag Behind Chinese Ship Orders

Korean shipbuilders lagged far behind their Chinese rivals in terms of taking shipbuilding orders in September. According to British shipbuilding and shipping market analyst Clarkson Research, global shipbuilding orders totaled 2.89 million CGT (90 units) in September, down 25 percent from a year earlier. China topped the standings with orders for 2.48 million CGT (65

Energy Transition Outlook: Energy related emissions will peak in 2024

2024 will go down as the year of peak energy emissions, according to DNV’s Energy Transition Outlook. Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution.  Emissions are set to almost halve by 2050, but this is a long way short of requirements

The Middle East Conflict Has No Major Impact on Energy Supplies: Hardeep Singh Puri

The government does not see any major impact on oil supplies to the country owing to the ongoing conflict in West Asia, said Union minister for petroleum and natural gas Hardeep Singh Puri. However, any further escalation of the situation could hit energy availability, he added. Shippers have been avoiding the Red Sea route for

India Working to Convert Ships to Run on Green Energy: Pralhad Joshi

India is currently working on converting existing ships into vessels that run on green energy, Union minister of new and renewable energy Pralhad Joshi said on Monday in his address at the Hamburg Sustainability Conference in Germany. The Minister said that the focus is now on converting existing vessels to operate on green hydrogen or

Hoppe Marine, Metis cooperate in field of cloud-based real-time fleet optimization

Hoppe Marine GmbH (Germany) and Metis (Greece) have entered into a strategic cooperation in the field of onboard Data Acquisition. More specifically  the cooperation ensures the seamless integration of Hoppe’s data collection systems with the Metis cloud-based performance management platform. This partnership aims to expand the use of high-frequency data analytics in vessel performance management,

Maersk Expects IMO to Approve Global CO2 Levy Next Year

Shipping giant A.P. Moller-Maersk A/S expects IMO, the industry’s global regulator, to approve a charge on vessels’ greenhouse gas emissions. At International Maritime Organization (IMO) talks in London, nations have been inching toward new regulations to reign in emissions from a sector that annually spews about a billion tons of carbon dioxide into the atmosphere. Maersk group representative