A.P. Moller - Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn,

A pioneering joint development project (JDP) to advance carbon-reduction technologies between ABS and Hyundai Heavy Industries Group (HHI Group) has taken a significant step forward by securing Approval in Principle (AIP). ABS has awarded A

American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) byFriede and Goldman (FG). The design is suitable for all

C-Job Naval Architects have designed a brand new class of liquid hydrogen tanker that will revolutionize the renewable energy market. The tanker concept, developed in partnership with LH2 Europe, is a critical element in realising a green e

The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the climate alignment of insurers hull and machinery portfolios. With the number of its Signatories reaching and surpassing the thresho

Consolidation has long been predicted in the mutual PI sector, but the proposed merger of marine insurance majors North PI and the Standard Club has still taken many by surprise. Both mutuals have laid out a timetable to combine forces, wit

Are you planning a new ferry build? If the answer is yes, then you would probably want to optimise your costs by focusing on the Total Cost of Ownership (TCO) instead of kW-power. Choosing the propulsion unit based mainly on Capex, for exam

Korean Register (KR) held an inauguration ceremony for its new Integrated Survey Center (ISC) at the companys headquarters in Busan, Korea, on 28 April as part of KRs commitment to becoming a leading digital classification society. KR-ISC i

The Danish marine pumps specialist has been awarded a contract to supply pump systems for two CO 2 carriers that will transport liquid CO 2 to the Northern Lights storage facilities in Norway. Proven experience with CO 2 pumps makes the dif

Chinas state-owned Sinochem completed its first two bonded bunkering deals in Zhoushan on May 2, a step toward boosting its bonded bunkering business, a source with knowledge of the matter said May 4. The two deals were to refuel the intern

Focused inspection campaign Hours of work and rest This marine notice provides information to ship owners, operators and masters about the Focused Inspection Campaign (FIC) on hours of work and rest which will run from 1 May 2022 to 30 June

Nippon Paint Marines ground-breaking nano-based antifouling FASTAR Ihas been selected for the trio of energy-efficient box ships the Tsuneishi Group is building for Chinas Jiangsu Ocean Shipping Co (JOSCO). The first 1091TEU ship in the ser

Investment Headache Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure, regulatory uncertainties, long term demand concerns and limited near term yard availabi

The Seafarers International Relief Fund (SIRF) is appealing to the maritime industry to support seafarers and their families impacted by the crisis in Ukraine. The fund has already raised over 177,000 and secured pledges of a further 37,000

On April 28th, the MEPs serving on the TRAN Committee voted to adopt their opinion and proposed amendments as input to the European Parliaments consideration of the EU ETS revision. Regulation to include shipping in the EU ETS is under deve