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Growing Support for IMO’s Decarbonization Goals
The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the IMO's decarbonization goals. Nine signatories and nine affiliate members across ten countries are committed to sustainability and risk management in the marine insurance sector. The report highlights efforts to align operations with global emission reduction targets... -Crew MirrorPosted On:20-Mar-2025
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Vizhinjam Port Gateway Container Operations to Launch in 4 Months
Kerala's Minister VN Vasavan shared that the Gateway Container operation at Vizhinjam port would begin in four months. Discussions are progressing for installing container scanners. Recent data showed 215 ships docking with 4,22,846 TEU handled. The upcoming phases for the Transportunship Harbor at Tiefsee port were approved... -Crew MirrorPosted On:20-Mar-2025
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Bosphorus Traffic Disrupted by Engine Failure of Cargo Ship Bers
Traffic in Turkey's Bosphorus strait was disrupted when the general cargo ship Bers experienced engine failure. The incident occurred near the Kuzguncuk area, prompting the dispatch of an assistance vessel. The Vanatu-flagged ship's malfunction led to the suspension of maritime traffic in the important waterway, causing delays for other vessels... -Crew MirrorPosted On:20-Mar-2025
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Collaboration for Hydrogen Retrofits to Decarbonize Shipping
Shipowners are seeking ways to extend vessel life while meeting IMO decarbonization goals. Lomar Shipping's lomarlabs is collaborating with Newlight to create hydrogen retrofits for ships, allowing diesel engines to use a hydrogen blend. This innovative approach could cut fuel use by up to 30%, with pilot installations set for summer 2025... -Crew MirrorPosted On:20-Mar-2025
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Shipping Costs in the Red Sea Hold Firm as Hostilities Resume Again
The cost of shipping goods through the Red Sea is expected to remain high due to recent U.S. airstrikes on Yemen targeting Houthi rebels. War risk premiums for ships passing through the region have fluctuated. Insurance rates are expected to increase in response to the heightened threat profile... -Crew MirrorPosted On:20-Mar-2025
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AI-Powered Crew Replacement System Enhances Crew Planning
Mitsui O.S.K. Lines Ltd. (MOL) and Fujitsu Limited have introduced an AI-powered crew replacement optimization system for shipping companies. This system uses mathematical optimization to create balanced crew plans, considering factors like seafarer rank, qualifications, and personal events. By reducing onboard periods and improving work-life balance, the system aims to enhance efficiency in crew planning processes... -Crew MirrorPosted On:20-Mar-2025
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Kandla Port Takes Lead with India’s First Green Hydrogen Plant with Indigenous Electrolyzers
Union Minister Sarbananda Sonowal announced the manufacturing of a 1 MW electrolyzer by L&T for a green hydrogen plant at Kandla's DEENDAYAL Port Authority. This project, part of the National Green Hydrogen Mission, aims to establish Kandla as a green hydrogen hub, ultimately scaling capacity to 10 MW by 2025... -Crew MirrorPosted On:20-Mar-2025
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Acquisition of Zvezda Shipyard Falls Through Due to Funding Issues
Russia's VTB, the second-largest lender, failed to acquire Zvezda shipbuilding yard from Rosneft due to lack of financing. VTB's USC couldn't secure funds for the deal, halting negotiations. The yard specializes in building ice-class tankers for Arctic LNG transport. Despite setbacks, Russia aims to boost its shipbuilding industry amid Western sanctions... -Crew MirrorPosted On:20-Mar-2025
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