Global News

‘The industry will soon be under the obligation to incorporate measures to deal with cyber risks in the ship’s safety management system. This had not been tackled in the previous versions,’ says Dirk Fry, chair of BIMCO’s cyber security working group and Director of Columbia Ship Management.

Announcing its intention to seek new investment through a share offering, the MSAR manufacturer says should access to additional funds not be secured by the end of January 2019, ‘the Board would need to consider the commencement of an orderly winding down of the business at that time’.

The Finnish technology company claims its DNA Sea Optimal Mode enables ship owners to achieve up to 3% savings in fuel consumption.

The Shipyards & Maritime Equipment Association (SEA Europe) and the European Community Shipowners’ Association (ECSA) say they ‘highly welcome’ the discussions, which will take place in the context of the EU-South Korea Free Trade Agreement (FTA) implementation.

Total sales at the east Russian port and its offshore terminals between January-November this year were 1,034,400 metric tonnes (mt), compared with 613,300 mt for the same period in 2017.

The scrubber industry association notes that: ‘It is disappointing that the Singapore MPA has been less than open about its plans and has not, as far as we can tell, based its decision on proven scientific findings.’

After a five-year decline, CO2 emissions from the world’s advanced economies will show a 0.5% increase in 2018, says the International Energy Agency.

Abu Dhabi National Oil Company Logistics & Services and Japan’s Inpex will look at opportunities for LNG bunkering in the UAE.

A.P. Moller-Maersk has set a goal to reach carbon neutrality by 2050 and is urging researchers, technology developers, investors, cargo owners and legislators to make it a reality.

The container shipping company says it will start bunkering with new LSFO 0.50% sulphur from the second half of 2019 onwards and has established a low sulphur fuel oil (LSFO) bunker adjustment formula (BAF).