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
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
Global ocean hull premiums rose in 2022 by 5.7% to reach $8.4bn, delegates attending annual gathering of the International Union of Marine Insurance (IUMI) were told. This was largely due to a combination of growing activity, increased vessel values and reduced market capacity. Claims for the same period remained moderate although early 2023 has witnessed
BiofuelCircle has created a digital platform to help large industries and manufacturers replace fossil fuels with briquettes and pellets made from agricultural waste. BiofuelCircle, a Pune-based startup operates an app that is an online marketplace for an unusual kind of product – briquettes, i.e. blocks of compressed agricultural residue, such as mustard husk, groundnut shells,
On the sidelines of the G20 Summit, Prime Minister Narendra Modi announced the Global Biofuel Alliance (GBA), an initiative to bring together governments, international organizations such as the World Bank and industry to facilitate greater adoption of biofuels. These include the biggest consumers and producers of biofuels. Biofuels have the potential to reduce greenhouse gas
A.P. Moller – Maersk A/S (Maersk) and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerating the green transition in shipping, learning from each other
Japanese marine shipping company Mitsui O.S.K. Lines is set to launch Japan’s first biofuel-hydrogen tourist vessel next year. This move comes as part of a broader industry effort to decrease greenhouse gas emissions. The vessel, which measures 33 meters in length and has a roundish shape, has a capacity for 100 passengers. It is scheduled
In a historic moment for Oman’s clean energy aspirations, the world’s first liquefied hydrogen carrier, the Suiso Frontier, has made its inaugural visit to Oman. And it was GAC that acted as its agent for its maiden call to Muscat’s Sultan Qaboos Port. For countries like Oman, which are dedicated to achieving Net Zero by
Japan’s Hitachi Zosen is working with MAN Energy Solutions to offer clients methanol engine conversions plans amid rising inquiries for green retrofit solutions. Test operations will begin in 2024 at a Hitachi Zosen plant in Kumamoto prefecture, on Japan’s southernmost main island of Kyushu. MAN estimates that 2,800 vessels with MAN two- and four stroke
FM Sitharaman has expressed her concerns regarding the Carbon Border Adjustment Mechanism (CBAM), mentioning that she has communicated to European parliamentarians that the CBAM would essentially make India pay for greening its own steel production. The full implementation of the CBAM is slated for January 2026. India and the European Union (EU) seem to be