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India: Central govt to open up offshore mining of maritime minerals
The Central government is initiating plans for offshore mining of non-atomic minerals to the private sector. The mines ministry has notified draft amendments to the OAMDR Act, which will pave the way for private sector participation in mining of maritime resources in India’s territorial waters... -Projects TodayPosted On:24-Feb-2023
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Industry Set for Another Boom Year: Shipping Hedge Fund
A shipping hedge fund founded by a one-time ally of oil tanker billionaire John Fredriksen says the industry is set for another boom year because of the reopening of China’s economy and a lack of fleet expansion... -gCaptainPosted On:24-Feb-2023
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ABS verifies non-flammable battery design for use at sea
Classification society ABS has issued New Technology Qualification (NTQ) for non-flammable battery technology called Blue G for use at sea. Developed by Gennal Engineering PTE, the new battery design is comprised of a water-based electrolyte solution, storage tank, stack cell and regulating pump... -Offshore EnergyPosted On:24-Feb-2023
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Piracy trends and high risk areas
Despite reports of global piracy declining for the second year in a row, the number of robbery incidents in the Singapore Strait reached a seven-year high in 2022 and vessels anchored in South American ports continue to be attacked by violent perpetrators... -GARDPosted On:24-Feb-2023
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Electronic navigation essential by 2030
The UKHO will stop producing paper charts by 2030, forcing owners to upgrade wheelhouse technology. Wheelhouse technology has always been important for improving navigational safety, but now there is more urgency to upgrade bridge electronics... -Riviera Maritime MediaPosted On:24-Feb-2023
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Happier times ahead for seafarers?
Might the tide be turning for the lives lived by that essential but invisible workforce which crews the world shipping fleet? It might be emerging from a rather low, pandemic-straitened, ebb, but there are some signs that life at sea might be improving... -Seatrade Maritime NewsPosted On:24-Feb-2023
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India: Critical to develop roadmap for greening shipping sector: Sonowal
Ports, shipping and waterways minister Sarbananda Sonowal on Thursday said it is critical to develop a roadmap for greening the shipping sector in India, reduce pollution intensity and evolve strategies to introduce renewable energy and green hydrogen in the shipping sector... -MintPosted On:24-Feb-2023
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1st hybrid battery-electric express ferry joins Norled
Norwegian ferry operator Norled AS has welcomed into the fleet the first of two hybrid battery-electric express ferries, built by compatriot OMA Baatbyggeri. The delivery of MS Frey follows the successful commissioning of the diesel-electric systems integrated by SEAM,.. -Offshore EnergyPosted On:24-Feb-2023
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Foreign seafarers threaten to leave Nigeria, abandon vessels
The Ship Owners Association of Nigeria (SOAN) has raised the alarm that foreign seafarers handling critical aspect of shipping in Nigeria are threatening to leave the country and abandoned vessels over fears of violence due to the incoming general elections scheduled for this weekend... -Tribune OnlinePosted On:24-Feb-2023
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Singapore Ship Leasing Company To Function From GIFT-IFSC In India
An RRB Ship Chartering Private Limited’s wholly owned subsidiary, dubbed RRB Ship Chartering Private Limited (RCSPL), has reportedly received its provisional license for operating at GIFT city from the International Financial Services Centre (IFSC). The firm plans on beginning its commercial activities by 2023 (March)... -Marine InsightPosted On:24-Feb-2023
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West premiums up 9% on renewals
West claimed a 6m gt increase across the year, including an additional 1.6m gt increase in tonnage from existing members and “several” new fleets. Total mutual tonnage of 96m gt contributed to gross premiums of over $300m across all of West’s business lines... -Seatrade Maritime NewsPosted On:24-Feb-2023
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How LTE/5G is transforming maritime communications
Crew WIFI and Internet communications are essential for any modern maritime vessel, whether for cruise lines, transport vessels, yachts, etc. The good news is that LTE/5G can offer much higher speeds at a significantly lower cost to satellite, enabling the next wave of maritime communications... -Maritime JournalPosted On:24-Feb-2023
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More Cruise Ships Prepare for Post-Pandemic Return to Service
As the cruise industry prepares for what most believe will be its first year back at levels similar to 2019 before the pandemic, two ships sold off by Carnival Corporation are being readied to resume sailing. Many of the 24 ships sold by Carnival have been waiting for a return to service while others were sold for scrap... -The Maritime ExecutivePosted On:24-Feb-2023
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Cornwall project offers once-in-a-lifetime experience to protect the oceans
A Cornwall-based project is engaging schools up and down the country to offer teenagers the opportunity of a lifetime, spreading the message about the critical importance of the health of our oceans... -The Cornish TimesPosted On:24-Feb-2023
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Major shipping carriers unite to improve safety of cargo
Safetytech Accelerator launches collaborative technology acceleration initiative with Evergreen Line, HMM, Lloyd’s Register, Maersk, the Offen Group, ONE and Seaspan as Anchor Partners aiming at reducing cargo fires and losses overboard. A significant proportion of the world’s container cargo involved in new open-innovation initiative... -Lloyd's RegisterPosted On:24-Feb-2023
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Top Threats for the Marine Industry in 2023
Allianz just released its 12th Risk Barometer, an annual corporate risk survey incorporating the views of 2,712 risk management experts in 94 countries and territories, including CEOs, risk managers, brokers and insurance experts... -Marine LinkPosted On:24-Feb-2023
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Alang Upgrades in Quest for "Gold Standard" EU SRR Certification
In 2021, India set an ambitious target to double its ship recycling capacity by 2024, with the aim of generating 150,000 jobs and increasing its ship recycling market share from 30 percent to 50 percent. To support this goal, India passed the Recycling of Ships Act and acceded to the Hong Kong International Convention,.. -The Maritime ExecutivePosted On:24-Feb-2023
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Cyprus & UK Sign MoU To Increase Cooperation In Shipping
The Cyprus Shipping Deputy Ministry (SDM) and the Department for Transport of the United Kingdom of Great Britain and Northern Ireland have signed a Memorandum of Understanding (MoU) to further strengthen shipping relations between the two states... -Marine InsightPosted On:24-Feb-2023
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Grounded Luxury Yacht Spills Diesel in Maui’s Honolua Bay
The U.S. Coast Guard is responding to a 94-foot luxury yacht that grounded on a reef on the north side of Honolua Bay in Maui on Monday. Eight boaters onboard the Nakoa were safely returned to shore by the Maui Fire Department.. -gCaptainPosted On:24-Feb-2023
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Dutch container ship evacuated after Baltic Sea blaze
All 15 seafarers safely abandoned a Dutch container ship after it was hit by a fire off Latvia. The blaze broke out on the 1,436-teu Escape (built 2011) in the early hours of Wednesday as the feeder unit headed to Riga from Lithuania... -TradeWindsPosted On:24-Feb-2023
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