Marine Technology

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Marine Technology, Shipbuilding 21-Mar-2024

Mitsubishi Shipbuilding Tests MAmmoSS Ammonia Handling System for Ships

Completion of demonstration facility to safely process surplus ammonia from ammonia-fueled vessels. Testing has begun to support the market launch of MAmmoSS® –a system package comprising an ammonia fuel supply system and peripheral equipment. Ammonia Gas Abatement System (AGAS) demonstration facility Mitsubishi Shipbuilding Co. Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is currently developing the Mitsubishi Ammonia Supply…

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Marine Technology, Shipbuilding 21-Mar-2024

Tanker Market Strengthens Despite Slowing Oil Demand Growth

In the Supply/demand balance For crude tankers, BIMCO forecasts the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing of growth in oil demand. The product tanker supply/demand balance is also expected to tighten in 2024 but weaken in 2025. Like the…

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Marine Technology, Shipbuilding 21-Mar-2024

Robust Shipbuilding Industry Is Key to Making Philippines a Maritime Power

THE PHILIPPINES should build a self-reliant coastal defense system and support local shipbuilders if it wants to become a maritime hub, experts and a local shipbuilder said. “Maritime security is a necessary condition for developing the Philippines as a maritime hub,” said George N. Manzano, a trade expert from the University of Asia and the Pacific. “If there are dangers…

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Marine Technology, Shipbuilding 21-Mar-2024

Tanker Newbuild Contracting to Hit a 10-Year High by 2025

During the first 8 months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tons (DWT). The last time more than 10 million DWT were contracted from January to August was in 2013. Newbuild tanker contracting activity during the past  5 years has been low at about 5.46 million DWT per…

Marine Technology, Maritime Security 23-Jan-2024

IMO Regulations for Cyber Security Risk Management

UNDERSTANDING INTERNATIONAL REQUIREMENTS FOR MARITIME CYBER SECURITY RISK MANAGEMENT In response to the growing threat of cyber-crime, the International Maritime Organization (IMO) has issued Resolution MSC.428(98). This regulation has since been complemented by other guidelines, notably those developed by the Baltic and International Maritime Council (BIMCO) for cyber risk management. These guidelines lay out high-level recommendations for incorporating cyber risk management into existing safety management…

Marine Technology, Maritime Security 23-Jan-2024

Five Top Tips for Sourcing Port Cyber-Attack Insurance Cover

Port cyber-attacks are now one of the biggest and most sophisticated threats facing port operators, notes Ed McNamara, President & CEO, Armada Risk Partners, and a port insurance broker in Cleveland, Ohio. Nagoya, Japan has become the latest in a long line of global ports to be targeted by a ransomware attack. The incident in early July had severe consequences…

Marine Technology, Zero Emission 23-Jan-2024

5 Reasons Why Shipping and Aviation Need Green Hydrogen and Direct Air Capture to Decarbonize

The shipping and aviation industries are energy intensive, so they have a limited pool of options to choose from when it comes to decarbonization. However, green hydrogen and carbon dioxide derived from direct air capture (DAC) will both be integral in their efforts to reach net-zero. We established the Skies and Seas Hydrogen-fuels Accelerator Coalition (SASHA Coalition) to highlight the…

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Marine Technology, Zero Emission 23-Jan-2024

Study on Methods and Considerations for the Determination of GHG Reduction for International Shipping

Executive Summary. The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has adopted the Initial IMO Strategy on reduction of greenhouse gas (GHG) emissions from ships which envisages to “reduce GHG emissions from international shipping and phase them out as soon as possible in this century.” It also expresses the ambition to: reduce CO2 emissions per transport…

Marine Technology, Zero Emission 23-Jan-2024

Ground Breaking First Ammonia Engine Test Completed

Successful ammonia combustion in MAN B&W two-stroke engine marks ‘historic’ step for company and maritime sector MAN Energy Solutions has announced the successful first running of a test engine on ammonia at its Research Centre Copenhagen (RCC). The company reports the successful combustion was performed on a MAN B&W 2-stroke 4T50ME-X type and produced positive results with particularly promising data…

Marine Technology 25-Jul-2023

The 3 Golden Rules of Effective Shipping Communications

Digitization has brought massive benefits to the shipping industry. It’s now possible for charterers to make million-dollar deals in a matter of minutes using email alone. But recent years have also seen exponential growth in the volume of messages that shippers send and receive. Charterers, brokers, operators and port agents can sift through thousands of emails a day, and missing…

IMO, Marine Technology, Oil & Gas, Zero Emission 25-Jul-2023

Use of Biofuels in Shipping

The use of biofuels or biofuel blends is one of many ways to comply with the IMO’s strategy on the reduction of GHG emissions from ships, and DNV has seen an increasing interest in these new fuels. This news aims to clarify the regulatory status and other considerations on the usage of such fuels. DNV has received many requests regarding…

Marine Technology, Maritime Security 25-Jul-2023

Cyber Trends and Insights in the Marine Environment 2022 Report

The United States Coast Guard (USCG) has a strong tradition of collaborating with owners and operators in the Marine Environment (ME) to provide relevant information about best practices to secure their critical systems. Since December 2020, Coast Guard Cyber Command (CGCYBER) has vastly grown its presence and increased its operational tempo to protect cyber systems underpinning the ME. The observations…

Marine Technology, Shipbuilding, Zero Emission 25-Jul-2023

DELTAMARIN & BAR Tech Hull Collaborate to Harness Wind Power

KEY TAKEAWAYS DELTAMARIN and BAR Technologies’ new Aframax/LRII build design improves current performance by 15% through wind propulsion. Rising uptake of wind propulsion technology underlines the cargo shipping industry’s commitment to decarbonization and green innovation. The focus on hull designs tailored for wind power is the next step in the development of wind propulsion. Naval architects DELTAMARIN and innovative marine…

Marine Technology, Shipbuilding, Zero Emission 25-Jul-2023

KR Approves Jointly Developed Methanol-Fueled MR Tanker

Korean Register (KR) has granted an Approval in Principle (AIP) for a methanol-fueled MR (medium-range) tanker, jointly developed by KR, South Korean Shipbuilders K Shipbuilding and equipment manufacturer S&SYS at Nor-Shipping 2023 in Oslo, Norway on 6-June-2023. As part of the Joint Development Project (JDP) between the three companies, the MR tanker is designed as a dual-fuel vessel, harnessing the…

Marine Technology, Zero Emission 25-Jul-2023

Charting a Course to a Greener Future for Shipping: Low-Emission Shipping Fuels and the Development Opportunity for the Global South

Shipping is an important industry that plays a significant role in global trade and economic growth, but it is also responsible for 3% of all global greenhouse gas emissions. The industry’s current goal of reducing total annual GHG emissions by least 50% by 2050 compared to the 2008 baseline, is not ambitious enough to meet the immense climate challenge we…

Marine Technology, Zero Emission 5-May-2023

The ‘Fourth Propulsion Revolution’ And Preparing For A Green Maritime Industry

Decarbonization is fast approaching. All industries are having to adapt and maritime is no different. International, national and regional regulations are in progress, alternative fuels in development and operational practices under scrutiny. David Roberts, Managing Director of Standard Asia, sat down with Professor Lynn Loo, CEO of the Global Centre for Maritime Decarbonization (GCMD), a Singapore based NGO formed last…

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Marine Technology, Zero Emission 5-May-2023

The Sustainability Imperative

Following the successful launch in February 2021 of our award-winning in-depth report The Sustainability Imperative, now more than ever we are seeing how the maritime sector is exposed to the impact of global mega-trends such as climate change and the rise in international trade tensions. Exploring how those within the industry – owners, charterers, financiers and investors – grapple with…

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Marine Technology, Zero Emission 5-May-2023

Shipping Industry Can Save $50B Through Four Enablers Of Operational Efficiency

A new insight brief series from the Global Maritime Forum identifies four actions that maritime and shipping industries can take now to support shipping’s transition to a sustainable and resilient zero-emission future.         “We need to clean up shipping supply chains and optimize our operations. To do this, we must collaborate, standardize, and be transparent. Let’s share the benefits of…

Marine Technology, Zero Emission 5-May-2023

Future Fuels and Technology Project to Inform GHG Strategy

The decarbonization of international shipping is a priority for IMO and by mid-2023, IMO aims to have in place a revised and more strengthened Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships. A new IMO project aims to provide an assessment of the state of availability and readiness of low- and zero-carbon ship technology and marine fuels, in…

Marine Technology, Zero Emission 5-May-2023

Alternative Fuel Use – Regulatory Status Mapped

Ammonia, hydrogen, ethane and Dimethyl Ether (DME) are among the alternative marine fuels which may need future regulatory work. This assessment is the result of a regulatory mapping exercise conducted by the Alternative low- and zero-carbon fuels workstream of the GreenVoyage2050 Global Industry Alliance to Support Low Carbon Shipping (Low Carbon GIA), with inputs and contributions from the International Chamber…

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Marine Technology, Zero Emission 5-May-2023

GMF Evaluates Multi-Fuel Choices On The Path To Net Zero

Global Maritime Forum (GMF) released a study in which a multi-fuel future for the shipping industry on the path to zero emissions is evaluated. To understand how shipping industry leaders are thinking about future fuels and what their plans and projections are to adopt cleaner fuels and efficiency-boosting technologies, the Global Maritime Forum, the Global Centre for Maritime Decarbonization, and the…

Marine Environment, Marine Technology 5-May-2023

Maritime Pollution, Maritime Threats, and Protection of the Maritime Environment

For decades, dynamite or blast fishing and cyanide fishing has been destroying our coral reefs , but up to this day it is still widespread though there are efforts to build artificial reefs in the Philippines,  the root cause  must still be eradicated. CORAL REEFS ANNIHILATION         Cyanide fishing is harmful. “It is a deadly poison not only to people…

Marine Environment, Marine Technology 24-Mar-2023

Shipping’s Future Role in Carbon Capture and Storage

Over the next decade, carbon capture will start to play a larger role in the fight against climate change. And with more industry stakeholders looking at different transportation options between capture sites and storage locations, liquid CO2 carriers will become an important link in the value chain. Released in August 2022, the UN’s Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report reached some disturbing…