ClassNK joins major classification societies by amending rules for seawater-lubricated shafts

Nippon Kaiji Kyokai (ClassNK) has joined the major classification societies to amend its rules relating to the inspection of seawater-lubricated propeller shaft systems. The amendment means that ships with open seawater-lubricated propeller shafts that are built to ClassNK rules are subject to the same 15-year shaft withdrawal inspection periods as oil-lubricated shafts and sterntubes, subject

Kolkata Port, NTPC to work together to set up green hub

Syama Prasad Mookherjee Port (SMP), formerly known as Kolkata Port Trust, and NTPC Green Energy (NGEL), a subsidiary of NTPC Limited, will form a joint working group to set up a green hydrogen and ammonia hub at the port. The MoU between the two public sector entities was signed last week, aiming to explore opportunities

INMEX SMM India sets sail towards a sustainable future

INMEX SMM India, South Asia’s most awaited maritime event is back with its 13th edition from 4th to 6th October 2023 at the Bombay Exhibition Centre, Mumbai. With 200+ exhibitors, it’s renowned as a central hub for maritime growth, knowledge exchange, and innovation. While leveraging India’s strategic location along major shipping routes and its extensive

Airbus to install new fuel-saving sails for maritime operations

Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL, developed by the Spain-based firm bound4blue, creates as much as six to

UNCTAD calls for bold global action to decarbonize shipping

The United Nations Conference on Trade and Development (UNCTAD) has called for a “just and equitable transition” to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day. The agency highlights the pressing need for cleaner fuels, digital solutions and an equitable transition to combat continued carbon emissions

Can reversal of fortunes position shipyards for decarbonisation

The current newbuilding cycle is proving remarkably persistent, with demand for containerships and LNG carriers consistently exceeding expectations over the last year. MSI’s Q3 shipping market reports illustrate how the upward pressure on newbuilding prices has been maintained. Although there was a divergence in the rate of increases between different ship types last year, prices

CMA CGM, COSCO, Maersk, ONE sign up for green corridor

A partnership between ports, carriers, and cargo owners has published an outline of a Green Shipping Corridor Implementation Plan which will accelerate emissions reductions on one of the world’s busiest container shipping routes across the Pacific Ocean. As part of the historic plan, the carrier partners will begin deploying reduced or zero lifecycle carbon capable

Partners in green corridor vow to slash emissions up to 30%

The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterdam. The Green & Digital Shipping

Class society Bureau Veritas invests in OrbitMI

French class society Bureau Veritas (BV) has become an investor in US-based maritime software company OrbitMI. The collaboration will leverage combined strengths to address the dual opportunities of the digital transformation and the decarbonisation of shipping. Neither firm disclosed the size of the investment but reports have emerged that BV will receive a seat on

Nautilus Labs publishes white paper on charter parties to meet MEPC 80 goals

New York-based tech firm Nautilus Labs has published a white paper discussing revised charter parties to meet MEPC 80 goals. Owners and charterers will need to look at how they operate with approaches such as slow steaming and how they structure charter parties, the white paper argues, going on to argue: “It is no secret