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Shipowners face major challenges as new fuel regulations enter force

In the latest episode of the Seatrade Maritime Podcast we focus on the new emissions regulations shipowners have to comply with. Marcus Hand | Mar 05, 2024 Our correspondent Paul Bartlett takes the listener through how the new regulations from IMO and EU will impact operations. In this podcast, we will examine the significance of 2024 in the light of these new regulations. Although their full impact has not been felt so far, they will alter day-to-day ship management and require an unprecedented level of ship performance monitoring, verification, and reporting, known as MRV. The regulations are:       The IMO’s Carbon Intensity Indicator (CII) system The European Union Emissions Trading System, EU ETS FuelEU Maritime

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Korea Launches First Containership Built for Autonomous Operations

South Korea today launched a new containership which is set to achieve new milestones in the efforts to develop autonomous shipping. The country’s Ministry of Oceans and Fisheries is highlighting the vessel as the first large, ocean-going ship designed for Level 3 autonomous shipping and they plan to launch the first long-distance international demonstrations of autonomous shipping with this vessel later this year. At today’s ceremony shipbuilder Hyundai Mipo Dockyard in Ulsan, South Korea marked the float out and naming of the vessel. She is the Pos Singapore built for Pan Ocean. Ordered in 2022, the vessel is 564 feet (172 meters) in length with a capacity of 1,800 TEU. Registered in Liberia, the 22,200 dwt containership is scheduled to be delivered at the end of this month and then will begin outfitting and testing the autonomous system. The South Korean government highlights that it has designated autonomous vessels as a core initiative in its Advanced Maritime Mobility Development Strategy announced in November 2023. This project for autonomous shipping was launched in 2020 with the government committing more than $120 million for the research and development of the technology. A…

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Three Killed in Houthi Attack On Greek-owned Ship

A Barbados-flagged, Greek-managed bulker was attacked by Yemen's Houthi rebels on Wednesday, causing the first crew casualties since the group began attacking commercial shipping nearly five months ago. Several crewmembers are reported to have been killed in the attack and others badly injured after the vessel, the True Confidence, caught fire. The Indian Navy warship INS Kolkata responded to rescue the ship's crew and assess the situation. Eight survivors were hoisted by helicopter, and the injured were transferred aboard via small boat operations. All of the survivors were delivered to safety in Djibouti. “This was the sad and predictable result of the Houthis' reckless missile launches on international shipping. They must stop. Our deepest condolences are with the families of those who died and those who were injured," said the British Embassy in Yemen in a statement.  Later in the day, U.S. Central Command said that three crewmembers died in the attack and four were injured, of which three are in critical condition. The vessel sustained serious damage, American authorities said.  The 50,500 dwt bulker was traveling from China with a stop in Singapore bound for Jeddah, Saudi Arabia when it was attacked on Wednesday…

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