GEOHOLM

The maritime industry’s elusive quest to achieve so-called ‘zero’ emissions continues. Where it ends is not a one-size-fits-all discussion.The year-end maritime industry discussions tend to move away from global influence and back drift to national and domestic debates. As this happens, a positioning of a relatively small group of American owners and operators prepare for the upcoming business year and markets. The propulsion debate continues to be future fuels based upon sustainability and climate change. And it is not only what you burn in your engine, but also what you will be trading domestically in your barges and tankers.

A Russian cargo ship that ran into trouble on Monday in the Mediterranean Sea and later sank was rocked by a series of three explosions in "an act of terrorism," state news agency RIA cited the vessel's owner as saying on Wednesday.Russia's Foreign Ministry said on Tuesday that the "Ursa Major," built in 2009, sank after an explosion ripped through its engine room and that two of its 16 crew were missing.RIA cited Oboronlogistika, the ship's ultimate owner and a company that is part of the Russian Defence Ministry's military construction operations, as saying on Wednesday that the vessel had been targeted in "a terrorist act.

A Russian cargo ship called Ursa Major sank in the Mediterranean Sea after an explosion ripped through its engine room and two of its crew are still missing, the Russian Foreign Ministry said on Tuesday.The vessel, built in 2009, was controlled by Oboronlogistika, a company that is part of the Russian Defence Ministry's military construction operations, which had previously said it was en route to the Russian far eastern port of Vladivostok with two giant port cranes lashed to its deck.The Foreign Ministry's crisis centre said in a statement that 14 of the ship's 16 crew members had been rescued and brought to Spain, but that two were still missing.

Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has taken delivery of two new Medium Range (MR) tankers, M.T. Saiph and her sister ship from K Shipbuilding Korea.Each vessel is equipped with an Exhaust Gas Cleaning System (EGCS) and engineered to accommodate alternative fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol.With a deadweight of 49,757 MT each, the two modern vessels are IMO II/III oil and chemical tankers carefully engineered to carry six fully segregated grades of cargo for optimal global operations.

With the election (largely) settled, we turn our attention to the challenges and opportunities that the new Administration and Congress hold for maritime stakeholders.Maritime Challenges Out (and at) the GatesOn October 3, 2024, the United States Maritime Alliance (USMX) and the International Longshoremen's Association, AFL-CIO (ILA) reached a tentative agreement on wages, extending their Master Contract until January 15, 2024. The tentative agreement reopened ports stretching from Maine to Texas following a three-day strike. Larger issues impacting marine terminal efficiency and safety remained on the table for subsequent discussions.