Shipping
Pioneer voyage data-sharing to enable carbon emissions reductions
(Posted on 19/11/22)China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MOU) to collaborate on industry value chain greenhouse gas (GHG) management. The MOU signing took place in conjunction with the second World Maritime Merchants Forum in Hongkong, organized by CMES.As the maritime industry is undergoing...
Safe Bulkers orders additional retrofits of Alfa Laval PureSOx
(Posted on 19/11/22)In recent years, Greek shipowner Safe Bulkers has retrofitted Alfa Laval PureSOx exhaust gas cleaning systems on 20 of its bulk carriers. The company has just installed its 21st PureSOx scrubber, and four more retrofits are scheduled through the first half of 2023. Once again, the systems will be protected with a comprehensive Alfa...
Fears of Nordics perfect storm unfounded says Swedish Club
(Posted on 13/11/22)Times are difficult but no need for despair, was the message from Tore Forsmo, Area Manager, Team Norway at The Swedish Club and Vice Chair IUMI, speaking at the Marine Insurance Nordics conference held in Oslo.Asked to assess the status of the Nordic Marine Insurance Market, and warnings of a perfect storm, Forsmo addressed the...
CSM and Marcap to focus on vessel performance optimisation
(Posted on 13/11/22)Columbia Shipmanagement (CSM) and Marine Capabilities (MARCAP LLC) have signed a Memorandum of Understanding in Abu Dhabi that will lead innovation and shape the technological future of the maritime sector in the Middle East Gulf region.The two organisations, who place quality performance, targets and goals at the heart of what...
Decarbonisation action plan launched at COP27 to upskill seafarers
(Posted on 09/11/22)A new Action Plan, launched at COP 27 by UN organizations, shipowners and unions, sets out recommendations to upskill seafarers to meet shipping’s decarbonisation goals. The plan is in response to findings from new research, the modelling of which cautions that as many as 800,000 seafarers will require additional training...
Algoma to exceed expectations in strong market
(Posted on 09/11/22)Algoma Central Corporation has reported its results for the three and nine months ended September 30, 2022. Revenues increased 14% during the 2022 third quarter to $199,327 compared to $174,734 for the same period in 2021 while net earnings increased 6% in the same period. The Company reported 2022 third quarter EBITDA(1) of $73...
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