Tokyo – ClassNK has released the report ‘ClassNK Alternative Fuels Insight,’ which summarizes the characteristics and latest trends of alternative fuels to support our customers’ future fuel selection.

Amidst the pressing need for society-wide reduction of GHG emissions, regulations aimed at further promoting GHG emission reductions in international shipping are being introduced. This heralds the arrival of an era where GHG emissions from ships will incur costs. In such a situation, for reducing GHG emissions from ships, alongside energy efficiency improvements, the adoption of alternative fuels with lower environmental impacts will become essential in the future. However, given the wide range of alternative fuels available for ships, it is necessary to understand not only the technical aspects but also the trends, including fuel availability and cost forecasts, to make appropriate fuel selections.

In the ‘ClassNK Alternative Fuels Insight,’ the characteristics and latest trends of alternative fuels are summarized in an easy-to-understand manner across the following four chapters.

• Understanding regulations
  Introduces the GHG-related regulations by the IMO and EU, which are expected to significantly impact the future maritime transport business.
• Understanding trends
  Introduces an overview of the adoption trends of alternative fuels, including their utilization across different ship types and sizes.
• Understanding alternative fuels
  Introduces the characteristics of each alternative fuel, along with information on their costs, supply prospects, and other relevant factors.
• Understanding costs
  Explains the cost factors to consider in future fuel transitions and the cost simulation conducted by ClassNK.

The International Maritime Club (IMC) is delighted to announce the recipients of the esteemed Honorary Doctorate Leadership Excellence Awards. These awards serve as a recognition of exceptional leadership and substantial contributions to the maritime sector. The award ceremony was held at the Millennium Plaza Downtown Hotel, located in Dubai, UAE, on the 2nd of May, 2024.

For nearly two decades, the International Maritime Club has devoted itself to bringing together and advancing the worldwide maritime community and the oil & gas industry. With the aim of encouraging ongoing progress, fostering knowledge sharing, and enhancing worldwide maritime commerce, the IMC provides a unified platform for global leaders, communities, organizations, and associations. Through collaborations with respected academic institutions and universities, IMC bolsters the professional qualifications of its members and promotes industry acknowledgement.

The IMC Honorary Doctorate Leadership Excellence Awards celebrated notable professionals in the Marine and Oil & Gas sector associations today. The distinguished recipients of the Honorary Doctorate are His Excellency Khamis Juma Buamim (Chairman – Dubai Council for Marine & Maritime Industries  & Chairman – Group CEO of KBI-uae),  Mr. Hesham K. Zubari (The International Society of Petroleum Engineers Regional Director for MENA & Chief Technology and Innovation Officer at Dragon Oil),   Major Ali Al Suweidi (Founder CEO – Emirates Marine Environment Group), Mr. Salah Sharaf (Vice Chairman of 7 Emirates Shipping Association & Vice President – Sharaf Group),   Ms. Nadia Abdul Aziz (President – National Association of Freight and Logistics & CEO / Partner – UNASCO Cargo LLC), Mr. Ahmad Abdulrazeq (General Manager – Maltrans Emirates LLC & Vice President – National Association Of Freight And Logistics), Mr. Nikeel Idnani (Honorary Secretary – Institute of Marine Engineering, Science & Technology), Ms. Nayana Nandkumar (General Manager – Duabi Shipping Agents Association).

Furthermore, Mr. Iason Georgiou (Vice President of UAE National Ship Suppliers Association & Owner of Unimrine Group) was also presented a Professional Doctorate from the esteemed European International University, in addition to the IMC Honorary Doctorate Leadership Excellence Award.

Sir. Sohan Roy, the esteemed Chairman & CEO of Aries Group of Companies and the Founder President of International Maritime Club, had the honor of presenting the IMC Honorary Doctorate Leadership Excellence Awards. The esteemed Professional Doctorate to Mr. Iason Georgiou was jointly presented by Sir. Sohan Roy and Dr. Ajai Desai, the Global Promoter of the European International University.

These extraordinary leaders have shown exceptional dedication, creativity, and excellence in their respective roles, making a significant impact on the development of the maritime industry.

For more information about the International Maritime Club and its initiatives, kindly visit their website : www.internationalmaritime.com

For additional details about the event, please get in touch with Nisha Jose, Hon. Secretary, International Maritime Club at secretary@internationalmaritimeclub.com.

NorthStandard announces the departure of James Bean, a senior executive team member,    following his decision to accept a role as Chief Executive Officer of The London P&I Club.

NorthStandard will not be replacing him as one of two chiefs of geographical sectors. Steve Cockburn who currently shares the position with James, will now assume sole responsibility.

“It is with mixed feelings that we share this news,” said Jeremy Grose, co-Managing Director NorthStandard. “James has played a major part in some of the key developments in the past few years. He was heavily involved in bringing the Standard Club’s management in house and was a key player in the merger process. After nearly 20 years with us he has a wealth of experience and many friends in the club. We are sad to see him go, but also proud that he has been selected to take on such a significant position.”

“We wish James well and look forward to working with him within the International Group of P&I Clubs in his new role,” added Paul Jennings, co-Managing Director, NorthStandard. “We are also delighted to confirm Steve in his role as sole Chief of Geographical Sectors and look forward to continuing our work to deliver service excellence in an ever-changing maritime world.”

About NorthStandard:

NorthStandard is one of the leading providers of global marine insurance products and services across the maritime industries. Established through the merger of North P&I Club and the Standard Club in February 2023 and ‘A’ rated by S&P Global, NorthStandard has a premium income of around US$835M and provides cover for 260 million GT of mutual poolable tonnage.

From headquarters in the UK and with offices throughout Europe, Asia and the Americas, NorthStandard offers a unique blend of worldwide presence and class-leading expertise across multiple specialist areas, including P&I, FD&D, War Risks, Strike & Delay, Hull and Machinery and ancillary insurance. Its Sunderland Marine and Coastal & Inland divisions also provide cover for owners’ fixed premium P&I, fishing vessels, inland waterway and coastal trading vessels and aquaculture. NorthStandard’s comprehensive local market and sector knowledge is underpinned by continuous investments in market-leading digital technologies.

NorthStandard is a leading member of the International Group of P&I Clubs (IG) and is fully committed to upholding the shared objectives of its 12 independent member clubs, which provide liability cover for approximately 90% of the world’s ocean-going tonnage.