Gatik gets certification from IR Class

Mumbai-based Gatik, which has emerged this year as a significant player in Russian oil transport, also recently reflagged at least four of its vessels to Mongolia, according to data from maritime platform Lloyd's List Intelligence.

UK marine sector needs $90bn for meeting shipping netzero target

UK maritime sector will need around £75bn ($90bn) of investment over the coming three decades to transition to net zero, a new report released by London-based shipping asset manager Marine Capital estimates. In 2019, the UK became the first major economy in the world to legislate to reach net zero by 2050 including the domestic

Newcastlemax bulk carrier gets LR’s AIP

Shanghai Merchant Ship Design and Research Institute’s (SDARIs) has designed 210,000 DWT Newcastlemax bulk carrier. The carrier installed with Anemoi Rotor Sails has received Lloyd’s Register’s (LRs) Approval in Principle (AIP). The vessel is designed by SDARI to improve efficiency and reduce environmental impact. The Newcastlemax AIP is part of a pioneering joint development project