Volvo Penta News
On the Swedish waters of Volvo Penta’s Krossholmen Test Centre, the company is extensively testing the Volvo Penta IPS Professional Platform and setting new standards to examine and refine the offer. The goal is to ensure the system is market-ready and delivers the ultimate experience at sea through flexibility, reliability, and performance. Penta 40 A crucial element of this rigorous approach to on-water testing is a vessel called Penta 40. This 37 m, 199-passenger ferry navigated the...
One of the world’s major exhibitions and conferences for maritime electrification, decarbonisation, and GHG reduction solutions will once again dock in Amsterdam this June. Electric & Hybrid Marine Expo Europe will feature 200+ exhibitors under one roof, PLUS a full three-day conference programme with 40+ expert speakers! Hosting industry pioneers Taking place at the Amsterdam RAI in the Netherlands, on June 18, 19 & 20, the event will host over 200 exhibitors, in...
SAFE Boats International announces the introduction of a revolutionary, autonomous hydrographic survey vessel: Merlin. This innovative, 23-metre semi-displacement monohull design was developed in collaboration with Mythos AI, Echo81, and World Marine Design. SAFE Boats International has exclusive rights to build the design at their Tacoma, Washington large-craft production facility. Autonomous hydrographic survey vessel: Merlin Merlin will be a Jones Act-compliant all-aluminum hull power...
Xeneta, the globally renowned ocean and air freight rate benchmarking and market analytics platform, and Marine Benchmark, a major provider of information analysis services and tools for the marine industry, have launched the Carbon Emissions Index (CEI) for the container shipping market. Carbon Emissions Index (CEI) The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark is a first-of-its-kind data solution that tracks and compares the carbon emissions of ocean carriers across 13 main...
The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3 700 more expensive for shipping 40’ containers from the Far East to the South American East Coast compared to the West Coast corridor. This huge gap – the norm is usually around a USD 55 East Coast premium – has opened up since 1 July. However, shippers looking to take advantage of the disparity should move quickly, Xeneta warns, as it may begin to narrow across August and September. Si...
While spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route. According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from shippers, the average 40’ HC reefer spot rate stood at a mighty US$ 5230 for the trade on 23 August, compared to dry standard FEUs at US$ 980. At this point, two ye...
It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June 2022. Following on the heels of a record 30.1% hike in May 2022, this now means rates stand 169.8% higher than this time in 2021, with just two months of declines in the last 18 months. Despite a degree of macro-economic uncertainty clouding the horizon, all major trades saw prices moving up, with some corridors showing significant gains. Xenet...
As owners of powered vessels look to maximise fuel efficiency, in light of the rising cost of fuel, New Zealand based foul-release coatings company - Propspeed reports that use of its Propspeed coatings could improve hourly fuel usage and increase boat speed. Matt Forbes, the Sales Director – EMEA at Propspeed, explains “Research has shown that propellers with as little as 16.6 micrometres of roughness can result in a 5% efficiency loss. Although fouling might not look significant -...
May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%. The unprecedented hike, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, means that long-term rates are now 150.6% up year-on-year. In 2022 alone, costs have climbed by 55%. “This is a staggering development,” comments Xeneta CEO Patrik Berglund. “Just last month we were looking at a...
April 2022 saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up year-on-year. The data, revealed in the latest Xeneta Shipping Index (XSI) Public Indices for the contract market, demonstrates how supply chain demand, successful carrier strategies and continued COVID-19 disruption in China are coalescing to ‘pile on the pain’ for shippers worldwide. Xeneta Shipping Index (XSI) Xeneta&...
Håkan Agnevall, the Chief Executive Officer (CEO) at Wärtsilä (Wärtsilä Corporation), wants to position the marine and energy giant, as the natural partner for an industry and society, looking to translate climate ambition to reality. His vision is clear and he argues ahead of Nor-Shipping 2022, real change is already tantalisingly close at hand. It’s rare for someone to speak with such certainty in uncertain times. Clear path for Wärtsilä But, H&arin...
Volvo Penta and Danfoss' Editron division have established a partnership agreement to take the industry’s electromobility development to the next level. The partnership will help both companies take the next steps in sustainable power solutions to deliver the highest quality future proof technology to customers. This news supports the Volvo Group’s commitment to the Science Based Targets initiative, made in May 2020. This announcement laid out the company’s next steps in adjus...
Volvo Penta and Danfoss’ Editron division have signed a partnership agreement that will drive the transformation towards sustainable power solutions within the marine industry. The two companies share a visionary mindset to take the marine sector to the next level through this electrification partnership. Volvo Penta and Danfoss' Editron division have established a partnership agreement to take the industry’s electromobility development to the next level. The partnership w...
Two pioneers in marine electrification, Volvo Penta, and Danfoss’ Editron division, have worked together to power two of the UK’s first fully integrated hybrid electric crew transfer vessels (CTVs). The vessels have been in operation at an offshore wind farm for a month and are already making a positive environmental impact. A recent announcement from COP26 was the promise of £160 million in new funding to support the building of floating offshore wind farms in Scotland a...
Two globally renowned companies in marine electrification, Volvo Penta and Danfoss’ Editron division, have worked together to power two of the United Kingdom’s first fully integrated hybrid electric crew transfer vessels (CTVs). The two fully integrated hybrid electric crew transfer vessels (CTVs) have been in operation at an offshore wind farm, for a month and are already making a positive environmental impact. Hybrid electric crew transfer vessels A recent announcement from COP2...
Xeneta’s Long-Term XSI Public Indices has revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August 2021 and an unprecedented 28.1% jump in July 2021, leaving rates now standing 91.5% up year-on-year. What’s more, Oslo-based Xeneta reports there is little evidence to suggest a weakening of market fundamentals – meaning there could be more pain in store for shippers, with...
With almost 90 percent of the global trade being ocean shipping, efficient and environmentally friendly passenger and freight transport by sea is crucial to achieving the climate goals. The ferry operator - Stena Line, Frederikshavn Municipality, and the Port of Frederikshavn have signed an agreement aiming to accelerate the transformation of the transport sector by deploying two battery-powered Stena Elektra ferries on the Gothenburg-Frederikshavn route by 2030 and making the necessary investm...
Globally renowned ferry company - Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark, no later than in 2030. This was announced by Stena Lines’ Chief Executive Officer (CEO) - Niclas Mårtensson, during a press conference about the industry collaboration project - Tranzero Initiative, in Gothenburg, on Thursday, 4 February, 2022. Tranzero Initiative collaboration project The aim is to cut emission...