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.
Havana has at least found a technical way to reduce the impact of the power shortage: floating mobile generating stations, courtesy of Turkish operator Karpowership.
On 28 February 2004, the chemical tanker Bow Mariner caught fire and exploded while the crew was engaged in cleaning residual methyl tert Butyl ether (MTBE) from cargo tank number eight starboard. The "Bow Mariner" was a 570-foot, Singapore-flagged chemical tanker built in 1982, and was managed by a Greek company, Ceres Hellenic Shipping Enterprises Ltd. The tanker was owned by Odfjell USA, headquartered in Houston.
The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland.
High inflation rates and the Russian invasion of Ukraine had a dramatic impact on the shipping industry in 2022 that will continue into 2023.
Testing is underway for the commissioning of Germany’s LNG import operations at the eastern port of Lubmin. Unlike the FSRU operations in the west, which began in December at Wilhelmshaven with financial support from the government, the eastern import operation is being privately funded and developed by Deutsche ReGas.
ENGIE, Shell, Vopak and Anthony Veder have agreed to develop a green hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands.
Faced with a dramatic rise of crewmembers being abandoned over the past few years, the International Maritime Organization working with its sister UN group, the International Labor Organization, adopted a new series of guidelines to better ensure that flag states are fulfilling their obligations. The actions came during the first meeting of a new Tripartite Working Group established by the groups to better address the problem of seafarer abandonment.
According to Maritime-Executive news agency, a tanker full of diesel has gone down in Bangladesh's Meghna river after colliding with another vessel, spilling a large quantity of fuel, according to local media.
Proman Stena Bulk, a joint venture (JV) company of Stena Bulk and Proman, has taken the delivery of its fourth methanol-fueled tanker from Guangzhou Shipyard International.
Dubbed Stena Prosperous, the 49,990 deadweight tonnage (DWT) vessel will fully commercially operate on methanol.