|.: 23-Aug-2023 :.
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India seeks global investments ahead of maritime summit
Ahead of the Global Maritime India Summit (GMIS) 2023, ports, shipping & waterways minister Sarbananda Sonowal, invited investors to participate in various industries, thereby creating an expansive canvas for growth. Opportunities span from cruise tourism to shipbuilding and maritime education, offering international partners a multifaceted spectrum of avenues for collaboration, he said... -Mint
Modern sails set to revolutionise maritime industry
A new lower-carbon path has been set ahead of the maritime industry with the debut of WindWings, large wing sails measuring up to 45 m in height that bring cutting-edge wind propulsion to commercial shipping. The solution is the work of Cargill and BAR Technologies who partnered to help the maritime industry reduce its GHG production in line with the IMO 2050 targets... -African Review
Increase in Maritime Robbery Incidents Prompts Advisory for Ships in Asia
An incident of armed robbery against a container ship in Asia has been reported to the ReCAAP ISC. The robbery took place while the ship was anchored at Manila North Harbour Anchorage in the Philippines. The ReCAAP ISC is advising ships to remain vigilant while underway or at anchor/berth at ports/anchorages, and for law enforcement agencies to increase surveillance and patrols... -Crew Mirror
Ship leasing framework in Gift City, India: a concise overview.
The International Financial Services Centres Authority (IFSCA) has taken steps to promote the Gujarat International Finance Tec-City (Gift City) as a global hub for ship leasing. An expert committee was formed to examine the existing legal and regulatory regime in Gift City and compare it with other top-ranking marine hubs... -Crew Mirror
Hapag-Lloyd Eyeing Stake in HMM for Global Shipping Expansion
German shipping line Hapag-Lloyd has reportedly expressed interest in acquiring a stake in South Korean carrier Hyundai Merchant Marine (HMM). While Hapag-Lloyd has not confirmed its participation in the bidding process, it has appointed advisors from Goldman Sachs. The move comes as HMM is up for sale, with a closing date for offers set for 21 August... -Crew Mirror
Unmanned Maritime Systems Development Accelerates
There is little question that world militaries see the value of unmanned systems to complement their manned counterparts. The wars in Iraq and Afghanistan accelerated the development of unmanned aerial systems and unmanned ground systems to meet urgent operational needs. Now, there is increasing interest in unmanned surface systems, resulting in their placement on an accelerated development path... -MarineLink
Application of human factors principles essential to help lower risks of ammonia as a shipping fuel
A joint study by the LR Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Human Factors Considerations: Ammonia Fuel End-of-Stage Report, has found that while the shipping industry is able to build upon existing experience with using low-flashpoint fuels and transporting ammonia as cargo,.. -Lloyd's Register
From starboard surprises to portside perils: Inherent risks in the shipping industry
90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an unknown... -Trade Finance Global
PGS selects OSM Thome for hydrogen ultramax project
Norwegian start-up Pherousa Green Shipping AS (PGS) has partnered with shipmanager OSM Thome to order up to six innovative bulker newbuildings. The companies have signed a letter of intent to collaborate on the ships, which will be equipped with onboard ammonia crackers. This technology will enable the vessels to produce their own ammonia fuel, reducing their carbon emissions... -Crew Mirror
Sonowal Seeks Global Collaboration for India’s Maritime Transformation
The Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, has invited Indian ambassadors from the East and West Zones to explore investment opportunities in the Indian maritime sector. Over 45 Indian missions, including those from countries such as the USA, UK, and Russia, participated in the virtual meeting... -Crew Mirror
Ocean Power Technologies heralds autonomous maritime tech milestone
Ocean Power Technologies’ Wave Adaptive Modular Vessel (WAM-V) has successfully attached itself remotely to a buoy and established a charging connection. The achievement was unveiled through a video, captured during on-water trials conducted earlier this month, which shows the docking of the WAM-V to the PowerBuoy which constantly recharges itself by harvesting energy from the waves... -Bunkerspot
Roadshow to be held in Visakhapatnam on August 23 as a run up to Global Maritime India Summit
A roadshow is being organised by the Union Ministry of Ports, Shipping and Waterways, as a run up to the forthcoming Global Maritime India Summit-2023 (GMIS-2023), at Novotel here on Wednesday... - The Hindu
Migrant rescue ship detained in Italy amidst port dispute.
Italian authorities have detained a migrant rescue ship, the Aurora, for 20 days after it disobeyed an order to disembark its passengers at the port of Trapani in Sicily. The ship, operated by German NGO Sea-Watch, had picked up 72 people in distress in the central Mediterranean. However, the crew claimed that the port was “unreachable” due to low fuel and running out of water in high temperatures... -Crew Mirror
Collision between Tanker and LNG Vessel in Suez Canal
According to AIS vessel tracking data from MarineTraffic.com, an LNG tanker lost control and capsized in the Suez Canal, resulting in another tanker colliding with it. It is unclear if a third tanker nearby was involved. The collision involved the Man, a Cayman Island tanker, and the Singaporean-flagged LNG tanker BW Lesmes... -Crew Mirror