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The more complex a piece of legislation is, the more loopholes exist that can lead to distortions, evasion, and carbon leakage, writes Harilaos Psaraftis, a professor at Technical University of Denmark. Per a recent article by Lloyd’s Register, and according to the provisions of the forthcoming FuelEUMaritime regulation, “a pool of ten boxships could avoid …
https://splash247.com/the-risks-of-regulatory-complexity/
https://splash247.com/the-risks-of-regulatory-complexity/The International Seabed Authority will start accepting applications in July from companies that want to mine the ocean's floor, a decision that came after the U.N. body spent the past two weeks debating standards for the new and controversial practice.Deep-sea mining would extract cobalt…
https://www.marinelink.com/news/un-start-taking-deepsea-mining-504091
https://www.marinelink.com/news/un-start-taking-deepsea-mining-504091Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited."This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…
https://www.marinelink.com/news/sembcorp-marine-proposes-name-change-504092
https://www.marinelink.com/news/sembcorp-marine-proposes-name-change-504092Danish shipping company J. Lauritzen said it signed letter of intent for construction of minimum two methanol dual-fuel 81,200 dwt Kamsarmax bulk carriers, which will be built by Tsuneishi Shipbuilding, Japan, and be capable of trading with zero carbon emissions when powered by green methanol…
https://www.marinelink.com/news/j-lauritzen-orders-two-methanol-dualfuel-504093
https://www.marinelink.com/news/j-lauritzen-orders-two-methanol-dualfuel-504093The French navy on Friday escorted a tanker to port in the Gulf of Guinea after pirates abandoned the vessel and kidnapped some of the crew, the ship's owner told Reuters.The Liberian-flagged oil and chemical tanker Monjasa Reformer with 16 crew members was hijacked [Saturday…
https://www.marinelink.com/news/french-navy-escorts-tanker-gulf-guinea-504095
https://www.marinelink.com/news/french-navy-escorts-tanker-gulf-guinea-504095A number of recent actions in the United States will better position the nation to meet its short- and long-term offshore wind energy targets, as outlined in the April 2023 U.S. Offshore Wind Report from Intelatus Global Partners.April brings with it the news that the U.S.
https://www.marinelink.com/news/us-working-address-challenges-offshore-504098
https://www.marinelink.com/news/us-working-address-challenges-offshore-504098The commercial maritime industry is hard at work developing, testing and implementing new and innovative technologies to limit its environmental impacts. While much of the effort has focused on physical solutions such as improved hull design…
https://www.marinelink.com/news/fuel-savings-a-nudge-away-504099
https://www.marinelink.com/news/fuel-savings-a-nudge-away-504099Castor Maritime announced that on March 23, 2023, it entered into an agreement to sell a 2005-built Panamax bulk carrier to an undisclosed buyer for $13.95 million.The vessel, Magic Moon, is expected to be delivered to its new owner during the…
https://www.marinelink.com/news/castor-maritime-sells-built-bulk-carrier-504100
https://www.marinelink.com/news/castor-maritime-sells-built-bulk-carrier-504100The Tampa Bay pilot association has taken delivery of Tampa, a newly refitted Chesapeake Class pilot boat built by Gladding-Hearn Shipbuilding in 2003, when the Somerset, Mass. shipyard introduced the class of mid-size, high-speed launches.
https://www.marinelink.com/news/gladdinghearn-delivers-refitted-launch-504101
https://www.marinelink.com/news/gladdinghearn-delivers-refitted-launch-504101Fairbanks Morse Defense (FMD) announced it has been contracted to provide and test one nForcer high-speed engine to qualify for the Navy’s large unmanned surface vessel (LUSV) platform. To qualify, the engine must perform for a minimum of 720…
https://www.marinelink.com/news/fmds-new-highspeed-engine-tested-us-navys-504102
https://www.marinelink.com/news/fmds-new-highspeed-engine-tested-us-navys-504102