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Maritime News

AI Can Help Shipping Industry Cut Emissions, Report Says

AI Can Help Shipping Industry Cut Emissions, Report Says

2 hours ago
The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday.The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report.Shipping, responsible for moving about 90% of global trade, contributes nearly 3% to the world's carbon dioxide emissions. This share is anticipated to rise in the coming years unless stricter pollution control measures are implemented.
Shell to Buy Singapore’s Pavilion Energy

Shell to Buy Singapore’s Pavilion Energy

10 hours ago
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).Headquartered in Singapore, Pavilion Energy’s global energy business encompasses LNG trading, shipping, natural gas supply and marketing activities in Asia and Europe.“The acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio.
Denmark Seeks to Stop Shadow Tanker Fleet Carrying Russian Oil

Denmark Seeks to Stop Shadow Tanker Fleet Carrying Russian Oil

yesterday
Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow's diplomats who said any such move would be unacceptable.Russia sends about a third of its seaborne oil exports, or 1.5% of global supply, through the Danish straits that sit as a gateway to the Baltic Sea, so any attempt to halt supplies could send oil prices higher and hit the Kremlin's finances.Since Western nations imposed a price cap on Russia's oil in an attempt to curb vital funds for its war in Ukraine, Russia has relied on a fleet of often ageing tankers based and insured outside the West.
Oil Spill Clean-Up Efforts Off Singapore Go Full Steam Ahead

Oil Spill Clean-Up Efforts Off Singapore Go Full Steam Ahead

yesterday
The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.Dredger Vox Maxima had reported a sudden loss in engine and steering control before its allision with bunker vessel Marine Honour on June 14, 2024.Investigations by the Maritime and Port Authority of Singapore (MPA) are ongoing, with the master of the vessel and its crew are currently assisting in investigations.
Houthis Say they Attacked Two Ships and American Destroyer

Houthis Say they Attacked Two Ships and American Destroyer

2 days ago
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer, naval missiles at a ship called the Captain Paris, and drones at a ship called the Happy Condor. It was not clear whether any of the targets were hit.Early on Sunday the United Kingdom Maritime Trade Operations (UKMTO) said that a vessel 40 nautical miles south of Yemen's al Mukha had reported two explosions nearby.