Regulations

IRS supports indigenous shipbuilding with new vessels

Indian Register of Shipping (IRS), a premier ship classification society, congratulates the Indian Coast Guard and Goa Shipyard Limited (GSL) on the successful launch of two new vessels — Pollution Control Vessel (PCV) ICGS Samudra Prachet and Fast Patrol Vessel (FPV) ICGS Atal. These vessels mark a significant step towards strengthening India’s maritime security, environmental protection, and indigenous shipbuilding capabilities. Stringent standards of safety IRS has worked...

Wärtsilä supports in development of future proof propulsion concepts

Various paths to support decarbonisation include alternative carbon-free and carbon-neutral fuels, electrification and enhancing vessel efficiency. A system level approach enhances the value of these technologies; tackling each element separately can lead to a sub-optimised solution today and an inflexible solution to meet the uncertainties and increasingly stringent requirements in the future. Wärtsilä Marine set up its Integrated Systems & Solutions (IS&S) unit to address t...

EU sanctions on Russian crude: Impact on China

The EU's latest crackdowns on the Kremlin's energy industry will have a limited immediate impact on Chinese buying of Russian crude cargoes, trading, refining and shipping sources told Platts July 21. China is the top destination for Russia's crude supplies, via sea and pipeline. In the first half of the year, combined seaborne and pipeline imports dropped 10.9% year over year to 49.11 million mt (1.99 million b/d), with the market share declining to 17.6% from 20% seen over January-June 2024,...

India's modernised oil & gas rules: A new revenue model

India has unveiled a new set of policies for its oil and gas sector, under which it aims to offer a cushion to upstream investors from fiscal policy changes as well as make its revenue-sharing model more attractive to attract investors into the segment. The petroleum ministry recently invited feedback on the proposed Petroleum and Natural Gas Rules for 2025, after which New Delhi can move forward to implement those rules as official policy, either with or without amendments. The latest proposed...

Marine fuel cost with Platts price assessments

The Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends and conventional oil-based fuels can be used to calculate the cost of marine fuels around the world, taking into account the EU Emissions Trading System and adjusted for energy density to put them on an equal footing. Methanol blend Shipping firms are struggling to acquire sustainable methanol due to its scarcity, and some industry participants suggest blending the green fuel...

Xeneta: Tariff impacts on ocean shipping rates

Do not expect the EU-US tariff agreement or US-China negotiations in Stockholm this week over a new trade deal to breathe life into ocean container shipping demand or halt the dramatic decline in freight rates in 2025, analysts warn. Latest data from Xeneta – the ocean and air freight intelligence platform – shows average spot rates from China to the US West Coast are down 59% since 1 June at USD 2,268 per FEU (40ft container). Rates have also plummeted on the US East Coast, down 4...

Regulations: Manufacturers & Suppliers

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