• 2024 June 8 15:54

    Posidonia 2024: Shipping industry makes statement of intent in a boost for global trade and economic growth

    The 28th edition of the biennial Posidonia Exhibition came to an end June 7 proving once again that it is the most sought-after event to conduct business and set the policy agenda for an industry that controls over 80% of the world trade and is projected to be worth $4.2 trillion by 2031, growing at a CAGR of 7% till 2031. Press Conference of the Union of Greek Shipowners (UGS), is held every two years at Posidonia and is part of an incredibly busy programme of 68 shipping star-studded conferences and seminars during the exhibition’s five-day span, the International Shipping Expo press office said.

    The UGS Press Conference was led by Melina Travlos, President of the UGS, the Vice-Presidents, Michael D. Chandris and Andonis T. N. Lemos, the Secretary, Dimitrios J. Fafalios, the Treasurer, John A. Xylas and the Member of the BoD, John C. Lyras.

    Addressing representatives of Greek and international media, Ms Melina Travlos answered to questions about the current challenges of the shipping sector and focused on the issues of maritime education in Greece, decarbonisation and the strategies for the sustainability of the industry, as well as the strong social footprint of the Union of Greek Shipowners.

    Records also broke on the exhibition floor where organisers saw an increase of some 4% in exhibiting companies compared to the previous edition and a significant rise of over 10% in the number of visitors who are expected to tally up to a total of over 30.000.

    Business was booming also during the event with major maritime industry players coming together to finalise significant deals such as the Atlas Maritime order for another pair of Suezmax vessels to DH Shipbuilding in South Korea in a move that will bring Leon Patitsas' current orderbook above the $2 billion mark.

    ONEX Group signed an agreement with leading international tug design company Robert Allan for a production line of 30 tugs worth 280 million euros, with at least 20 of them to be completed by 2026, in a strategic cooperation slated to change the landscape in the Greek market, as the exclusive rights for the construction of a specific series of tugs in the country are granted to the ONEX Group.

    Two South Korean companies, KR and HD Hyundai signed a MoU to collaborate on the pilot project of a cloud-based next-generation smart ship solution (ISS 2.0) developed by HD Hyundai. This project aims to equip and demonstrate next-generation smart ship solutions on vessels. KR plans to conduct technical reviews based on classification rules as well as domestic and international regulations, verifying the suitability of the next-generation smart ship solutions.

    Also, Evangelos Marinakis, founder of Capital Maritime & Trading Corp, celebrated an order for six LNG dual-fuel-capable Very Large Crude Carriers (VLCCs) with the Chinese shipyard CSSC. This move highlights his significant investment in dual-fuel technology, positioning Capital Maritime as a leader in environmentally friendly shipping solutions.

    Still at Posidonia 2024, classification society Lloyd’s Register and Guangzhou Shipyard International (GSI) signed a joint development project for the design of the world’s largest very large ammonia carrier (VLAC). Carrying capacity of 100,000 cu m, the vessel will feature an independent IMO type B tank for the safe storage of ammonia which is expected to optimise its operational efficiency.

    In addition, Athens-based Franman announced its appointment by Saudi Arabia’s International Maritime Industries (IMI) as the exclusive agent for Greece and Cyprus. This agreement makes Franman the sole agent responsible for promoting IMI's Maintenance, Repair & Overhaul (MRO) business to potential clients based in the two markets.

    Saudi Arabia’s SIRC and Hellenic Environmental Center S.A. (HEC) signed an agreement to strengthen SIRC's commitment to sustainability in marine management.

    Classification society DNV and Artemis Technologies Ltd signed a new memorandum of understanding (MOU) on the development, certification, and operation of electric foiling vessels, while Lloyd’s Register (LR) and Guangzhou Shipyard International (GSI) signed a joint development project (JDP) for the design of the world’s largest VLAC (Very Large Ammonia Carrier) with a carrying capacity of 100,000 cbm.

    ABS also signed an MoU with HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE); HD Hyundai Heavy Industries, Co., Ltd. (HHI); and the Liberian International Ship & Corporate Registry (LISCR) to collaborate on the application of artificial intelligence (AI) to eliminate ship safety blind spots.

    MAN Energy Solutions signed a MoU with Eastern Pacific Shipping (EPS) on the development of crew training for the handling of ammonia as fuel on vessels.

    And CAPITAL GAS, ERMA FIRST, and BABCOCK have signed a Letter of Intent (LoI) for the installation of an innovative Carbon Capture and Storage (CCS) system, CARBON FIT, on four new liquefied carbon dioxide (LCO2) transport ships.

    Posidonia 2024 was organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Hellenic Chamber of Shipping and the Union of Greek Shipowners and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee.

2024 July 17

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2024 July 16

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17:05 STX Heavy Industries changes name to “HD Hyundai Marine Engine”
16:45 OOCL's revenue rises 14pc to US$2.2bln
16:20 Saltchuk acquires all of the outstanding shares of Overseas Shipholding Group
15:57 EU sets four conditions for the port of Piraeus inverstments
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15:37 EIB lends €90 million for sustainable expansion of the Port of Livorno
15:34 Crew of capsized oil tanker off Oman still missing
15:14 Lomarlabs signs with Cargokite to develop a new ship class of micro ships
14:47 Greece extends naval drills that deter Russian oil transfers - Bloomberg
14:08 The Official Journal of the European Union publishes the first-ever EU regulation to reduce methane emissions
13:24 High cat fines found in the Amsterdam-Rotterdam-Antwerp region bunker fuel samples, alerts CTI-Maritec
12:58 Yangzijiang Shipbuilding works to acquire over 866,671 sqm of land for new clean energy ship manufacturing base
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2024 July 15

18:06 European Shipowners and Maritime Transport Unions launch initiative to support shipping and seafarers in the digital transition
17:35 APM Terminals Mumbai switches to 80% renewable electricity
17:05 Seaspan Shipyards welcomes the formation of the “ICE Pact”
16:41 World’s first entirely hydrogen-powered ferry welcomes passengers in San Francisco Bay
16:26 FMC issues request for additional information regarding Gemini Agreement
16:24 Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD
16:12 Pecém Complex selects Stolthaven Terminals and GES Consortium as H2V Hub green ammonia operator
15:43 Singapore's bunker sales rise 8.5% in the first half of 2024
15:27 TORM purchases eight and sells one second-hand MR vessel
14:55 Adani plans to build port in Vietnam
13:35 Regulator gives conditional nod to HD Korea Shipping's purchase of stake in STX Heavy
13:02 HD Korea Shipbuilding wins US$2.67 billion order to build 12 container carriers
12:51 Maersk introduces SH3 ocean service between China and Bangladesh
12:24 ABS to сlass two new Seatrium FPSOs for Petrobras
11:42 CSP Abu Dhabi Terminal surpasses throughput of 5 mln TEUs
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10:51 India's first transshipment port receives its first container ship
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2024 July 14

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2024 July 13

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2024 July 12

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