According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
The Maritime Safety Committee (MSC) will meet for its 109th session at IMO Headquarters in London (in-person with hybrid participation) from 2 to 6 December 2024.The meeting will be chaired by Mrs. Mayte Medina of the United States, supported by Vice-Chair, Capt. Theofilos Mozas of Greece.
A ceremony attended by dignitaries has marked the official ‘birth date’ for the two new ships which will serve the Penzance to Isles of Scilly route for the Isles of Scilly Steamship Group (ISSG).The keel laying is a milestone in the build process, recognized for centuries as the ‘birth’ of a new ship and an important point for the Scillonian IV passenger ferry and the cargo vessel, Menawethan.
“During the first nine months of 2024, seaborne shipments of jet fuel increased 11% over 2023," said Niels Rasmussen, Chief Shipping Analyst at BIMCO. "Shipments were equivalent to 461 million barrels or 1.7 million barrels per day (mbpd). At the same time, airline passenger traffic measured in Available Seat Kilometres (ASK) exceeded 2019 levels for the first time since COVID
The world’s first accreditation* for “Machinery Room Safety for Ammonia” (MRS) will be granted by ClassNK for the ammonia-fueled medium gas carrier (AFMGC) currently being developed by a consortium that includes Nippon Yusen Kabushiki Kaisha (NYK) and Nihon Shipyard Co., Ltd. (NSY).
Proman Stena Bulk, the joint venture between Stena Bulk and Proman, christened Stena Prosperous today during a ceremony at the Marina Bay Cruise Center in Singapore. After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO)
A launching ceremony of the Logistic Support Ship (LSS) Atlante took place at Fincantieri's shipyard in Castellammare di Stabia.Atlante will be delivered in 2025 and is the second unit of this type built for the Navy. The first, Vulcano, was delivered by Fincantieri in 2021.The ships designed to provide logistical support to multiplel national naval components.
The Maritime Risk Symposium will convene in Monteray, CA next month, a small conference with a high-profile speaker line-up from across government, industry and academia. Here we look at Panel 3 – Maritime Policy vis a vis a new National Maritime Strategy, facilitated byCAPT Jon Kaskin
At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand how the changing dynamics in the Arctic region will necessitate increased collaboration between the maritime services and industry to mitigate the
The European Commission has adopted a new measure to enhance maritime safety and environmental protection around the EU’s coasts via an amendment to the Vessel Monitoring Directive (2022/59/EC).It now requires all vessels, including those merely passing through EU waters without entering an EU port, to provide insurance information.
Scorpio Tankers on Wednesday announced it has entered into an agreement to sell its 2019-built LR2 product tanker STI Lily to an undisclosed buyer.The sale price is $73.5 million and the sale is expected to close within the fourth quarter of 2024, the NYSE-listed shipowner said.Scorpio Tankers currently owns or lease finances 102 product tankers, including 39 LR2 tankers
Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has increased by 135% year-on-year,” says Niels Rasmussen