Tag: support
Blue Mediterranean Partnership steps up support for sustainable blue economy
Blue Mediterranean Partnership to support transition to a sustainable blue economy in the Mediterranean region; Partnership to start operating in early 2024; Partners aim to mobilise at least €1 billion in investments. At COP28 (www.COP28.com), partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing the sustainable blue economy in the…
McAllister Towing Releases Its First Sustainability Report with ABS Support
(NEW YORK) Working together with ABS, McAllister Towing, one of the oldest and largest marine towing and transportation companies in the U.S., has released its inaugural sustainability report, showcasing efforts to reduce its environmental impact and highlight its social and governance performance. ABS specialists worked with McAllister’s team to provide…
ABS and Hanwha Ocean Collaborate to Support Digital Transformation of Shipbuilding
(BUSAN) At KORMARINE 2023, ABS and Hanwha Ocean signed a landmark strategic framework agreement to advance the digital transformation of shipbuilding. Under the agreement, ABS and Hanwha Ocean will work together conducting joint development projects aimed at examining digital technologies related to smart yards and smart ships with a focus…
Coast Guard Foundation Award Honors ABS for Decades of Support and Advancing Safety in the Maritime Industry
(HOUSTON) ABS has been honored with an award from the Coast Guard Foundation at the annual Texas Salutes the Coast Guard event, recognizing ABS’ legacy of support and commitment to the service. Accepting the award on behalf of all ABS employees, Christopher J. Wiernicki, ABS Chairman and CEO said: “ABS…
HFW Continues To Support BIMCO On Shipping Industry Decarbonisation
Global, sector-focused law firm HFW has continued to support BIMCO in helping the shipping industry navigate complex new carbon intensity (CII) regulations and work towards decarbonisation. The International Convention for the Prevention of Pollution from Ships (MARPOL) introduced new regulations on 1 January 2023 that require ships to reduce their carbon intensity on an ongoing…
Hexagon Purus Maritime receives support from Innovation Norway to build full-scale model of a maritime hydrogen fuel system
Hexagon Purus Maritime, a wholly owned subsidiary of Hexagon Purus, has been granted support from Innovation Norway to build a full-scale model of a maritime hydrogen fuel system, the first of its kind in Norway, in Langevågen, close to Ålesund. Innovation Norway supports companies in developing their competitive advantage and to enhance innovation. The demo…
In Support of Maritime Arbitration: The English Courts’ Role in Enforcing Peremptory Orders and Awards
We have previously discussed the English courts’ supportive powers in LMAA arbitrations through the use of anti-suit injunctions to enforce arbitration agreements and its powers to preserve evidence and property and order the attendance of witnesses. In this article, we consider the courts’ powers under the Arbitration Act 1996 (“AA 1996”) to enforce peremptory orders…
Congestion in Panama to support charter market
Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may affect trade patterns, should longer waiting times result in operations through the Panama Canal becoming commercially unviable. Charter rates in the dry bulk market improved for the sub-Capesize vessels in August amid increased congestion in…
ABS Launches Pioneering Global Electrification Center to Support Maritime’s Net-Zero Transition
Comprised of ABS engineers and technical specialists, the center will support a range of cutting-edge electrification projects for shipowners, shipyards and other stakeholders across the Asia Pacific region and around the world. The center will also provide support for the electrification of harbor and coastal craft aligned to the initiatives from the Maritime and Port…
Econowind scales up with support from NOM and Horizon Flevoland Till 30-metre high sails for large ocean-going vessels
Using the power of the wind, ocean-going vessels can sail more efficiently. Dutch company Econowind builds ‘VentoFoils’ in Zeewolde and Warten. These sails enable ship owners to reduce fuel consumption by up to 30%. This contributes to making the shipping industry more sustainable. The Investment and Development Agency for the Northern Netherlands (NOM) and Horizon…
