Global News

The LNG technology provider has received approval in principle (AiP) from ABS for its prismatic semi-pressurized (2 bar g) LNG fuel tank.

‘We’re very keen to play a role in the sector and hopefully we’ll expand,’ says Société Générale's Global Head of Shipping & Offshore, Paul Taylor. ‘LNG is a key area for us, not just as a fuel but across the chain. The bank is at the heart of the sector.'

The tanker company has agreed to purchase scrubbers for more than 50 vessels over the next two years but Chief Operating Officer and Director, Cameron Mackey, says the emission abatement technology is not a long-term strategy.

The class society has released ‘Phase 2’ of its My Fuel Consumption (MFC) web app, an online tool to facilitate compliance with fuel consumption regulations – both the IMO’s data collection system (DCS) and the EU’s monitoring, reporting and verification (MRV) requirements.

In a reciprocal agreement, V.Group has acquired Inchcape Shipping Services’ Global Marine Travel.

GE’s Marine Solutions has been selected by MSC Cruises and Fincantieri to provide the marine electric propulsion technology for two new Seaside EVO ships.

BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include ‘unrealistically high’ gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry.

Vopak has posted a net profit of €289.5 million for 2018, which was up about 1% on the previous year, and reported that its ‘IMO 2020 related projects are ongoing and progressing to schedule’.

Blue Fin Tankers, which is part of the Heidmar tanker pool, claims the marine fuel supplier delivered bunkers ‘that it knew were off-spec and not suitable for use’.

India's Environment Ministry has signed an agreement with the Norwegian Foreign Affairs Ministry to work together on an initiative to combat marine pollution.