bestshippingcompany – Page 2

New Maritime Emissions Reduction Centre Launched In Athens

Leave a Comment / Uncategorized / By Author

The Lloyd’s Register (LR) Maritime Decarbonisation Hub has formed a global Maritime Emissions Reduction Centre (abbreviated as the M-ERC), a non-profit corporation headquartered in Athens, with five significant shipowners as Founding Members. This endeavor, in the perspective of LR and the Founding Members, is important and highlights Athens’ importance as a global marine hub. The …

New Maritime Emissions Reduction Centre Launched In Athens Read More »

Singapore tightens bunker fuel standards to avoid contamination

Leave a Comment / Uncategorized / By Author

These testing modifications are designed to be implemented at the upstream supply chain level to improve system efficiencies and cost-effectiveness compared to performing them for each delivery. Following the bunker contamination incident in Singapore in February 2022, in which approximately 200 ships were supplied with High Sulfur Fuel Oil (HSFO) containing high levels of Chlorinated …

Singapore tightens bunker fuel standards to avoid contamination Read More »

Houthi rebels launch ballistic missiles at U.S. and UK-linked ships

Leave a Comment / Uncategorized / By Author

The attacks came shortly after the UK Defence Secretary, Grant Shapps, expressed alarm about the terrorists’ persistent willingness to target ships, despite earlier combined strikes and US missions against them. The first ship, the UK-managed general cargo vessel Morning Tide, was attacked 57 miles west of Hodeidah, Yemen. Despite the fact that “Chinese Ownership” appears …

Houthi rebels launch ballistic missiles at U.S. and UK-linked ships Read More »

The Indian Navy rescued a ship with an Iranian and Pakistani crew from pirates off the Somali coast

Leave a Comment / Uncategorized / By Author

On February 2, INS Sharda intercepted the FV Omari and deployed her helicopter and boats to force the pirates to release the vessel and its crew. This is the fourth ship that the Indian Navy has rescued from Somali pirates this week. The Navy had previously rescued Iranian-flagged vessels, FV Naeemi and FV Iman. It …

The Indian Navy rescued a ship with an Iranian and Pakistani crew from pirates off the Somali coast Read More »

IMO Piracy Report: Four ships attacked during December

Leave a Comment / Uncategorized / By Author

The following pirate and armed robbery incidents are alleged to have occurred against ships in December 2023, as reported by IMO Member States or international organisations with consultative status. #1 in international seas – Ruen, Bulk Carrier, Malta. The incident occurred when armed individuals boarded and hijacked the ship as it was underway and proceeded …

IMO Piracy Report: Four ships attacked during December Read More »

EIA: Attacks in the Red Sea lead to heightened shipping durations and freight costs

Leave a Comment / Uncategorized / By Author

Ships travelling via the Suez Canal between Europe and Asia have to cross the Bab el-Mandeb Strait, which links the Red Sea and the Gulf of Aden. In the first half of 2023, the Bab el-Mandeb Strait accounted for 12% of the seaborne oil trade and 8% of the trade in liquefied natural gas (LNG), …

EIA: Attacks in the Red Sea lead to heightened shipping durations and freight costs Read More »

Red Sea: Companies turn to land routes to avoid Houthis

Leave a Comment / Uncategorized / By Author

According to Bloomberg, Trucknet Enterprise, an Israeli software firm, is offering a different route to avoid the Red Sea under threat from the Houthis by shipping goods to Europe from the United Arab Emirates and Bahrain via Saudi Arabia, Jordan, and Israel. In the interim, Hapag-Lloyd is investigating connections between Dubai and Saudi ports, including …

Red Sea: Companies turn to land routes to avoid Houthis Read More »

Regulatory Agenda for 2024

Leave a Comment / Uncategorized / By Author

A vital component of international trade and commerce, the marine sector is currently negotiating a changing regulatory environment that will affect its present and future. Looking ahead, the regulatory agenda for the maritime industry is dominated by a few important items. Environmental sustainability is prioritised, with a focus on cutting greenhouse gas emissions and implementing …

Regulatory Agenda for 2024 Read More »

Maersk Tankers Forms Large-Scale Tanker Company Through Acquisition Of Penfield Marine

Leave a Comment / Uncategorized / By Author

For an undisclosed fee, Maersk Tankers has purchased US pool operator Penfield Marine, creating a key player in the oil and product tanker industry that will oversee roughly 240 vessels. Tina Revsbech will lead the merged company, which will function under Maersk Tankers and Brand and have its offices in Copenhagen. Tim Brennan and Eric …

Maersk Tankers Forms Large-Scale Tanker Company Through Acquisition Of Penfield Marine Read More »

By 2047, India Plans To Invest Rs 60,000 Cr In The Development Of Green Vessels And River Cruise Tourism

Leave a Comment / Uncategorized / By Author

According to Union Minister Sarbananda Sonowal, the government plans to create green vessels and invest Rs 60,000 crore in river cruise tourism by 2047. He made this statement on the fringes of the inaugural Inland Waterways Development Council meeting. The plan is to invest Rs. 45,000 crores on river cruises, increasing the capacity from 2 …

By 2047, India Plans To Invest Rs 60,000 Cr In The Development Of Green Vessels And River Cruise Tourism Read More »