Despite a decline in global piracy, the Singapore Strait is an "area of concern"
Despite an overall decline in piracy incidents against commercial ships worldwide, the Singapore Strait remains one of the regions of concern, with an 11% increase in 2022. As a result of analyzing these incidents, ReCAAP (The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships ) attempts to improve the safety conditions and area.
In 2022, the tanker contracting volume was only 1.6 million DWT: the lowest half year on record for a tanker
In the first half of 2022, the number of 6-month tanker contracts decreased by an unprecedented amount, possibly due to the postponement of contracts due to rising prices. An additional factor contributing to this stagnation is uncertainty over the type of fuel to use.
MAN ES prepares existing ship engines for climate-neutral op
It has begun offering a service designed to prepare older engines for future, climate-neutral operation through its subsidiary, MAN PrimeServ. A new 'lifecycle upgrade' option will be available to shipowners for older MAN 48/60 marine and power-plant engines.
Proman Stena Bulk Takes Delivery of Second Methanol-Powered MR Tanker
The second new build methanol tanker of a joint venture was delivered. Developing methanol-based vessels facilitates the cleaner fuels achievement and enables the path to a net-zero emission.
HMM to Invest 11.5 Billion Dollars Over Five Years for Expansion
Within the next five years, HMM Co Ltd will invest $11.46 billion to drastically increase its shipping capacity. It coincides with the global port congestion caused by the COVID-19 pandemic and the Russia-Ukraine conflict as well as the Shanghai lockdowns disrupting supply chains.
More than a million gallons of oil were collected from the longest running oil spill in US history
MC-20 platform of Taylor Energy was destroyed in 2004 by an underwater mudslide triggered by a storm surge from Hurricane Ivan. Since nearly two decades have passed, response crews have collected one million gallons of oil from the Gulf of Mexico spill.
Norwegian govt puts an end to oil & gas workers’ strike to prevent output loss
The Norwegian government has decided to step in to avoid further loss of oil and gas production after offshore workers downed their tools and went on a strike due to a dispute over wage demands. This intervention comes at a time when the worldwide geopolitical crisis threatens the security of the global energy supply.
World's Largest Containership Ever Alot Delivered in China
Chinese shipbuilders have handed over the 24,000 TEU capacity “Ever Alot” to Taiwanese shipping company Evergreen Marine.
Paris MOU 2021 Performance Lists
The Paris MoU Committee approved at its 55th meeting the 2021 inspection results and adopted new performance lists for flag States and Recognized Organizations (ROs). These lists will take effect from the 1st of July 2022.
The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to
flags with a poor performance that are considered high or very high risk.
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