Sunday, June 13, 2021
Media Kit

IN THE KNOW 26: Advanced Simulation for Sustainable Shipping

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EU Focus on Blue Economy Targeting Marine Pollution and Ship Recycling

Published May 17, 2021 6:04 PM by The Maritime Executive

The European Commission is calling for a new approach in developing a sustainable blue economy, telling all member states that they need to develop plans in 2021 addressing the maritime sector. The EC said that a sustainable blue economy is essential to achieving the objectives of the European Green Deal and ensuring a green and inclusive recovery from the pandemic. They are calling for developing offshore renewable energy, decarbonizing maritime transport, and greening ports, while the Commission said it will increase...

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Indonesia Tests "Tank Boat" Patrol Vessel for Island Defense

Published May 17, 2021 5:36 PM by Ankur Kundu

On April 28, an Indonesian consortium led by state-owned defense corporation PT Pindad launched a prototype of the locally built “Tank Boat” catamaran gunboat in the waters off Banyuwangi, East Java. The Tank Boat is derived from the platform X18 of Indonesian boatbuilder PT Lundin Industry Invest. In 2014, PT Lundin unveiled a design for the 18-meter vessel, and it has joined forces with state owned defense corporation PT Pindad, electronics group PT Len and engineering firm PT Hariff to...

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MSC Charters 11 LNG-Fueled Container Ships from EPS

Published May 17, 2021 5:25 PM by Ankur Kundu

While some shipping companies, including Maersk, have rejected LNG as the fuel to decrease the carbon footprint of the shipping industry, number-two ocean carrier MSC is making a bet on natural gas. MSC is set to charter 11 LNG-fueled container ships from Singapore-based Eastern Pacific Shipping (EPS), with sources from both the companies confirming the news. Becoming the latest company to back LNG despite it being a fossil fuel, Geneva-based MSC has joined the likes of CMA CGM, which has...

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Shipping Industry Unites in Effort to Stop Gulf of Guinea Piracy

Published May 17, 2021 5:12 PM by The Maritime Executive

To raise world attention on the threats to shipping in the Gulf of Guinea and take the first steps to improve security, a task force of stakeholders from across the shipping industry launched the Gulf of Guinea Declaration on the Suppression of Piracy. Nearly 100 organizations had signed the declaration before it was publicly announced and by day’s end, the count had already risen to more than 120 organizations across the maritime industry, including flag state administrations, shipowners, charterers, and...

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Offshore

New Ballasting System Could Improve Floating Wind Operations and Cost

A new concept for a ballast control system designed to improve the stability of floating offshore wind platforms and reduce costs received Approval in Principle from Lloyd’s Register. Developed by the Spanish engineering company Seaplace working with the German engineering firm Sowento, and the University of Stuttgart, as part of the CROWN project that is aiming at reducing the wave- and wind-induced motion of the floating platform.  The AiP follows a Statement of Feasibility issued by DNV in March and...

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Shipbuilding

VSM: Asian Shipbuilding Subsidies Put German Shipyards at Risk

German shipbuilding association VSM is warning of the risk of an "irreversible loss" of skill in the country's powerhouse marine equipment and shipyard sectors due to distortions in international competition. Without government intervention at the national and EU level, warned VSM, Germany's yards run the risk of significant decline over the next decade. Like others, German shipbuilders have been losing ground to Asian competitors for general-purpose merchant vessels for many years, and the sector has been sustained by specialization in...

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Training

Remote Maritime Training on a ‘Virtual’ Bridge is Here

Kilo Solutions Limited have developed a Virtual Reality Navigational Bridge to help train and develop mariners in Bridge Resource Management and Rules of the Road at Sea. “Responding to the challenges of our time, the maritime sector has been seeking transformational options for training their people within experiential environments that offer scalability, portability, and affordability,” says Andy Parkin, Managing Director of Kilo. “The maritime sector is looking for tools to remotely develop and maintain critical skills and operational standards relevant...

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Business

ClassNK to Evaluate Vessel Emissions for New Impact Investment Fund

ClassNK is working on a new form of vessel classification for an eco-friendly investment fund operated by Anchor Ship Partners. The Japanese shipping investment firm and its partner, Sumitomo Mitsui Trust, have brought in ClassNK to evaluate the emissions of the fund's vessels.   In February, Anchor launched a $5.5 billion impact investment fund designed to have a positive effect on the environment, society, and economy. In particular, the fund aims to reduce greenhouse gas emissions from shipping. The...

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