Shipping
Latest news and issues affecting the shipping industry.
Biofouling: Silent Hidden Menace Below Waterline
The maritime industry is currently plagued by a series of different problems, one of which is biofouling. Also known as “biological fouling,” biofouling has been
Vietnam to reduce 20% shipping emissions by 2030
In a recent report, the United Nations Conference on Trade and Development (UNCTAD) underscored the pivotal role of maritime transport in the global economy. However,
DNV, Samsung collaborate on remote operation center for autonomous ships project
Samsung Heavy Industries (SHI) and classification society DNV have inked a Memorandum of Understanding (MOU) at KORMARINE, committing to establishing SHI’s Remote Operation Center (ROC)
Maritime Singapore amp up Sustainability Efforts
The maritime industry in Singapore is constantly thriving. It consists of more than 170,000 workers and accounts for about 7%
Are Nuclear-Powered Cargo Ships Making a Comeback?
Decarbonization has been a difficult challenge for the maritime industry in recent years. In view of this difficulty, some shipping
South Korea achieves first simultaneous LNG bunkering on bulk carrier
For the first time in Korea, on October 28, simultaneous operations (SIMOPs) of ship-to-ship LNG bunkering were successfully conducted for
ITIC warns ship managers of failure to meet contractual obligations
International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the
Maritime Autonomous Surface Ships: The Next Big Thing in Shipping?
Australia bans container ship for serious maintenance defects
The Australian Maritime Safety Authority (AMSA) has banned the Marshall Island-flagged container ship Big Lilly from Australian waters for 90 days, for serious safety and
bound4blue to install three suction sails on vessel that transports Airbus parts
Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that
Shipping’s move to net-zero is welcome but new risks must be understood, insured, says IUMI
IMO’s recent strengthening of its environmental ambitions heralds a significant turning point for the shipping industry and, consequently, a heightened impact on marine insurers. In
Latest Innovations in Green Hydrogen Shipping Technology
Research findings estimate that maritime operations account for 940 million metric tons of carbon dioxide emissions[1] annually, or approximately 2.9% of global greenhouse emissions. Moreover,
Marine underwriters must embrace digitalization, says IUMI
Maersk, CMA CGM to jointly accelerate green fuels
Challenges of Implementing AI-Based Route Optimization
Daikin converts cut flower shipments from air to sea
Loss prevention measures must adapt as shipping innovates, says IUMI
Wind Energy at Sea: The Economics of Offshore Wind Farms
Wind energy has seen remarkable growth in the past decade, with a significant portion of that occurring on land. However, as land-based wind resources have
Equinor supplies green methanol to Maersk’s first methanol-enabled feeder vessel
Maersk and Equinor have signed an agreement securing supply of green methanol for Maersk’s new methanol-enabled feeder vessel during its initial months of operation from
Maersk undertakes first multimodal sea-air solution via Oman
Maersk, in collaboration with Port of Salalah and Oman Airports, successfully undertook a sea-air logistics solution via Oman for cargo moving from Colombo, Sri Lanka,
Major shippers launch initiative to accelerate transition to zero-emission fuels
The Zero Emission Maritime Buyers Alliance (ZEMBA) is asking for a Request for Proposals (RfP) for 600,000 20-foot containers (TEUs) over a 3-year period on
The Impact of Port Congestion on Supply Chain Efficiency
Port congestion is a long-standing issue that has plagued the shipping industry ever since, and it continues to negatively affect its operations to this day.
Reefer shipping remains resilient despite 2022 trade contraction, says Drewry
Reefer container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, and this divergence is
bound4blue secures further funding to pioneer wind propulsion systems
bound4blue, the European technology developer of automated wind-assisted propulsion systems for the maritime transport based in Spain, has secured a €15.9M Series A funding round
Lithium-ion batteries present multiple risks beside fire
TT Club, the specialist international freight insurance provider, is seeking greater emphasis on the critical dangers of toxic gas emissions associated with lithium-ion battery fires. The
Harnessing AI to Clean Our Oceans: A Promising Frontier
Korean Register gives approval to Samsung’s ship cyber resilience
IUMI reports positivity for marine underwriters but uncertainty for future sustainability remains
Shipping 101: Practical guide to shipping contracts and documents
Marine insurance market: “Strength and stability in turbulent seas”, says IUMI president
Fuelling Efficiency: Methods to Reduce Cargo Ship Fuel Costs
Taiwan modernizes naval defense in face of China’s threat of invasion
Amidst persistent military threats from China regarding the One China Policy, Taiwan is striving to modernize its air and naval
Marcos stands firm in meeting with Xi over South China Sea tension
For the second time this year, Philippine President Ferdinand “Bongbong” Marcos Jr. met with Chinese President Xi Jinping in a
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