Business

DNV recognizes Arcadia Shipmanagement “Aegean Myth” as the first verified SEEMP III vessel

SEEMP Part III is part of IMO’s strategy to reduce shipping’s greenhouse gas emissions and a verified manual must be kept on board from 1 January 2023.

Published

4 years ago

July 7, 2022

Admin

Classification society DNV presented Arcadia Shipmanagement Co Ltd. with a certificate recognizing their vessel Aegean Myth as the first vessel globally to have a SEEMP III manual, according to DNV on Tuesday (5 July).

The Ship Operational Carbon Intensity Plan or SEEMP Part III, is part of IMO’s strategy to reduce shipping’s greenhouse gas (GHG) emissions and a verified SEEMP Part III must be kept on board from 1 January 2023.

The SEEMP Part III, or Ship Operational Carbon Intensity Plan, was finalized with the latest amendments to MARPOL Annex VI and the associated Guidelines at MEPC 78 last month.

It requires ship owners and operators to monitor, report and verify CO2 emissions annually for all vessels larger than 5,000 GT.

It is a ship-specific document, a dynamic and regularly updated three-year implementation plan describing how a vessel will achieve the required Carbon Intensity Indicator (CII) over the next three years, with yearly targets, procedures for self-evaluation and improvement, and a corrective action plan in case of an inferior rating.

“We are very proud to be the first shipping company to have received approval by the world’s leading classification society, DNV, for our fleet’s SEEMP Part III, starting with our Aegean Myth vessel,” said Mr. Dimitrios Mattheou, CEO of Arcadia Shipmanagement Co Ltd.

“At Arcadia we are committed to providing safe, sustainable, and reliable transportation of oil by sea. Initiatives like this broaden the values of safety and environmental excellence by implementing effective management systems to comply with incoming regulations to consistently achieve reliable and environmental incident-free performance. This approval by DNV marks the first milestone for smooth compliance with IMO’s requirements. We would also like to thank Alpha Marine Consulting PC for supporting us in SEEMP Part III preparation,” he added.

“DNV congratulates Arcadia Shipmanagement on being the first company to receive SEEMP Part III approval,” said Ioannis Chiotopoulos, Senior Vice President – Regional Manager SE Europe, Middle & Africa, DNV Maritime.

“It demonstrates their willingness to ensure that their vessels are out in front, in terms of both regulatory compliance and their sensitivity to the environment. In addition, to have been able to complete the SEEMP Part III preparation and approval so quickly after MEPC shows great teamwork and the effectiveness of our new digital tools. The CII will require more of the shipping industry in terms of data collection and sharing. At DNV, we have invested in developing our competence and services for this new regime, including developing a set of digital solutions that will make compliance as simple and transparent as possible for our customers,” he added.

Photo credit: DNV
Published: 7 July, 2022

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

1 hour ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

1 hour ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

2 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026