The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S.
James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability
Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions.For companies struggling to account for – and lower – the climate-warming emissions associated with their businesses, these rerouted journeys add to the challenge.
U.S. crews in Baltimore set off controlled explosions on Monday to allow them to remove a portion of the collapsed Francis Scott Key Bridge from the bow of the massive container ship that toppled the span in March.The detonations were meant to break the bridge's truss into small sections, enabling salvage crews to use cranes and barges to haul away the twisted metal wreckage, the U.S.
U.S. crews in Baltimore plan to set off controlled explosions on Monday to allow them to remove a portion of the collapsed Francis Scott Key Bridge from the bow of the massive container ship that toppled the span in March.The detonations will break the bridge's truss into small sections, enabling salvage crews to use cranes and barges to haul away the twisted metal wreckage, the U.S.
Technology group Wärtsilä has been selected to supply replacement engines for two inland waterway tug pusher vessels operating in Paraguayan rivers.The vessels are owned by ADM Naviera Chaco (ADM). The vessel modifications and new engine installations will be carried out in Asuncion-Paraguay.
Reverse proxy phishing, a more sophisticated version of classic phishing cyberattack, could significantly impact maritime sectors operations, from the disruption of shipping logistics to the manipulation of sensitive communication systems, resulting in delays, loss of reputation, and costly recoveries.
German ocean carrier Hapag-Lloyd announced it has taken delivery of a new ultra-large container vessel from South Korean shipbuilder Hanwha Ocean.The 399-meter-long, 23,660 TEU Hamburg Express is the seventh newbuild in a series of 12 "Hamburg Express" class containerships—the largest to ever sail under the German flag.
Two crewmembers were medecaved on Sunday after being injured in a fire aboard a U.S.-registered liftboat in the Gulf of Mexico, the U.S. Coast Guard said.At approximately 7:53 p.m. Coast Guard District Eight watchstanders received a notification from the Laredo Offshore Services' liftboat Brazos that two men needed medical attention following a fire on board.
U.S.-based family-owned private equity firm the Hoffmann Family of Companies (HF Companies) announced it has acquired Mackinac Island Ferry Company in Michigan.Jenny Gezella, President of Hoffmann Marine, said, “We are thrilled to acquire the Mackinac Island Ferry Company, further expanding our presence in the Mackinac community and marine industry.