palsmaritime – Page 2 – Centrix Maritime

Singapore tightens bunker fuel standards to avoid contamination

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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 …

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

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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 …

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IMO Piracy Report: Four ships attacked during December

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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 …

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

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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), …

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Red Sea: Companies turn to land routes to avoid Houthis

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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 …

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Regulatory Agenda for 2024

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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 …

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

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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 …

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

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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 …

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MSC Overtakes Maersk In Becoming the World’s Largest Shipping Line

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According to recent data released by Alphaliner, MSC Mediterranean Shipping Company added more than one million TEUs (20-foot equivalent containers) in 2023, solidifying its status as the largest shipping line globally. At the start of 2022, MSC surpassed Maersk to become the largest shipping line worldwide. From that point on, the Geneva-based major’s leading fleet …

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Indian Navy On High Alert Amidst Security Concerns In Arabian Sea And Gulf Of Aden

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The Indian Navy announced on Wednesday that it will continue to conduct maritime security operations and maintain more advanced surveillance with its ships and aircraft. It stated that India’s Naval Task Groups stationed in the area have been inspecting numerous fishing vessels over the past week and have boarded the ship of interest. In response …

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