Corporate News

The ULSTEIN® POWER Variable Speed Generator (VSG) has been designed to optimise power generation on marine vessels by dynamically adjusting its speed to match load requirements. Together with technical measures and overall ship design, the operational results on the CSOV Olympic Boreas show a record-low 2.7-tonne fuel consumption per 24 hours during a week of DP operations. Vessel’s energy demand Running the engines at variable speed optimises power production based on the vessel&rs...

Advanced boat-handling systems supplied by Vestdavit have been installed on the newbuild CSOV Olympic Notos delivered for Olympic by Norway’s Ulstein Verft, which is raising the bar in terms of sustainability and operational efficiency for such vessels employed in the offshore energy sector. MOB and lifeboat davit “We are honoured to have been selected by Ulstein for participation in this ground-breaking newbuild project based on our well-established track record of reliable davit...

Indian Register of Shipping (IRS) and the Technology Innovation Hub (TIH) Indian Institute of Technology (IIT) Guwahati have successfully completed India’s first training and certification program in deep diving and underwater welding, underscoring a pioneering milestone in the country’s efforts to build a skilled workforce for underwater asset maintenance. Following the agreement between IRS and TIH IIT Guwahati in 2023, the training was held at the Neel Diving Academy, Kochi, wher...

The International BoatBuilders’ Exhibition and Conference (IBEX), North America’s premier trade event for the recreational marine industry, has acquired Professional BoatBuilder magazine (ProBoat), the marine sector’s renowned technical publication and online information source.  The ProBoat purchase promises to marry the vitality of IBEX’s live trade event to the magazine’s depth of editorial coverage, creating an unparalleled platform for technical education...

In a remarkable endeavour to celebrate and revive India’s ancient maritime legacy, the Stitched Ship Project is recreating a 4th-century common-era vessel using traditional shipbuilding techniques. The initiative, led by the Ministry of Culture in collaboration with the Indian Navy, M/s Hodi Innovations, and other stakeholders, draws inspiration from historical references, such as Ajanta murals and ancient texts. Modern safety and design This project embodies India's long-standing conne...

Hellenic Marine Equipment Manufacturers and Exporters is celebrating its 10th anniversary, a milestone for an organisation that has become one of Europe’s major supplier associations for international shipping. Established in 2014 to create a platform to unify the previously fragmented marine equipment manufacturing sector in Greece, the association initially served 15 member companies with a combined annual turnover of €178 million.  Industry practices and R&D Currently,...

Eco Wave Power Global AB (“Eco Wave Power” or the “Company”), a global provider of onshore wave energy technology, is pleased to announce it has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its ground-breaking wave energy project at AltaSea’s premises at the Port of Los Angeles. This milestone marks a significant step forward in the development of Eco Wave Power’s pioneering wave energy project, which is set to become t...

Safety is the top priority in maritime operations. The Marine Safety Management System (SMS) is essential for ensuring safety and protecting the marine environment. An effective SMS relies on a well-documented framework that includes defining organisational structures, delegating responsibilities, and developing policies and procedures. This structured approach is critical for maintaining ship safety and protecting the marine environment. Maintaining ship safety The SMS is a vital component...

Strategic Marine is proud to announce the successful delivery of a StratCat 27 Crew Transfer Vessel (CTV) to ORLEN to operate in Poland’s growing offshore wind sector. This state-of-the-art vessel is designed specifically for offshore wind farm operations. The StratCat 27 is scheduled to begin operations in the North Sea before transitioning to the Polish exclusive economic zone in the Baltic Sea. Offshore wind farms StratCat 27 is a cutting-edge vessel fitted with avant technologies to...

DNV has signed a Memorandum of Understanding (MoU) with Seatrium, an engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in engineering, technology, and new product design. Best practices, standards Under the MoU, DNV will provide Seatrium with expert advice on market and regulatory trends, emerging technologies, and best practices for environmental, safety, and quality standards, in the maritime and offshore sectors. Both pa...

“Safety is more than just compliance. It is now synonymous with security, reliability, collective relationships and people. Safety is also becoming systems-based rather than rooted in prescriptive rules or specific component procedures." "Only by embracing a proactive, systems-oriented approach to safety, can the maritime industry navigate the path to a decarbonised future while ensuring the well-being of its seafarers and the protection of the marine environment.”  ABS-classe...

At 5.8 million TEU, container throughput at the Port of Hamburg remained at almost the same level year-on-year during the first nine months of 2024. Throughput of loaded containers saw slight growth, alongside an increase in general cargo. “Rail forwarding, a cornerstone of sustainable transport, also developed positively in the first nine months. As Europe’s largest rail port, we attach great importance to the expansion of rail transport. Container transport in this segment rose...

Hamburger Hafen und Logistik Aktiengesellschaft (HHLA AG) will continue to be majority-owned by the City of Hamburg and will be further developed together with the new major shareholder Mediterranean Shipping Company, the world's largest container shipping company. Following the approval of the Hamburg parliament and the EU Commission, all closing conditions have now been met with the approval of the Ukrainian merger control authority. Shares in HHLA AG The Free and Hanseatic City of Hamburg...

Babcock are pleased to have joined the UK manufacturers’ trade association, Made in Britain. As a world-renowned manufacturer producing a range of defence equipment across the UK, partnering with the 2,100 UK manufacturers in the Made in Britain community will bring them closer to the long-term goal of ensuring the UK has a robust sovereign defence capability. Social and economic sustainability British Army has the vehicles and weapons it needs or carry out the deep care of nuclear su...

At Mersey Maritime, they are proud to share The Danny’s Maritime Heritage, Maritime Futures Campaign – a transformative initiative that celebrates the region’s rich maritime history whilst creating exciting opportunities for education and community engagement. This innovative campaign is about more than preserving the past; it’s about inspiring the future. Maritime innovation The Danny, or the Daniel Adamson, is a beautifully restored 1903 steamship that serves as a li...

Ocean Network Express (ONE) and Seaspan Corporation (SEASPAN) are pleased to announce the establishment of OneSea Solutions Pte. Ltd. (ONESEA), a solutions provider focused on technical ship management and maritime talent development. ONESEA is jointly owned and operated by ONE and SEASPAN, leveraging the deep experience and best-in-class expertise of both companies. Technical ship management services Headquartered in Singapore, ONESEA will offer technical ship management serv...

DM Consulting and Syncrolift AS, global pioneers in drydocking technology, are urging shipyards to adopt modern innovations to enhance speed, safety, and cost-efficiency in vessel drydocking. With many shipyards still relying on outdated 20th-century methods, DM Consulting and Syncrolift emphasize that embracing new technologies is essential for shipyards in highly regulated regions to remain competitive internationally. By combining forces, DM Consulting and Syncrolift aim to bring advanced dr...

Switching fuels is the most frequently discussed pathway to meeting the requirements of FuelEU Maritime. However, the choices shipping companies make about bunkers will significantly impact compliance costs. Companies must navigate a complex fuel market and assess the viability of different options based on commercial, technical, and operational factors, according to maritime data and technology firm OceanScore. Fuel selection “Fuel selection is the most important lever under FuelEU,&rd...

Procureship, provider of the world’s major digital e-procurement platform for the maritime sector, has reaffirmed its position in the Asia-Pacific region with the announcement that Gary Yeow is to lead the company’s Singapore office. Establishing strong partnerships With over a decade of experience in the maritime sector, including roles at Sembawang Shipyard, Sembcorp Marine, and VesselMan, Gary will play a pivotal role in expanding Procureship’s client base and establishing...

Ahlsell Sverige AB has entered into an agreement to acquire all shares in Inseco AB. Inseco provides industrial fastening products and services for the engineering industry as well as the power and energy sectors. Industrial fastening products Through this acquisition, Ahlsell strengthens its offering in industrial fastening, gaining increased expertise, a broader product range, various VMI (Vendor Managed Inventory) solutions and enhanced availability in a new geographic area. Additionally...

Ulstein is proud to announce the successful delivery of the Construction Service Operation Vessel (CSOV) Olympic Notos to the Olympics. This state-of-the-art vessel marks a significant milestone in maritime innovation and excellence.  “As a result of the findings from her sister ship, Olympic Boreas, the shipping company states that the vessels "operate with close to a 50% reduction in fuel consumption compared to other sailing CSOVs." Olympic Notos The Olympic Notos is designed to...

Kpler, a data and analytics platform for trade intelligence announced its acquisition of Spire Maritime, a prominent provider of satellite-powered data for real-time global vessel tracking. This strategic move aims to enhance Kpler’s maritime coverage and deliver unmatched insights into global vessel movements and shipping logistics. Real-time visibility and analytics Mark Cunningham, CEO of Kpler, emphasised the impact of this acquisition, “By acquiring Spire Maritime, we will ma...

ABB has secured an order with the shipbuilding company - All American Marine to supply a hybrid-electric propulsion system for the new ocean sampling catamaran for the Orange County Sanitation District (OC San) in California. In addition to the comprehensive scope of technologies, All American Marine will draw on ABB’s extensive expertise in the supply, engineering, and systems integration of hybrid-electric vessels. The vessel is expected to be delivered to OC San in 2027. 19.2–me...

ABS Wavesight has partnered with Noble Corporation, an offshore drilling contractor, to revolutionise its recordkeeping practices by adopting ABS Wavesight eLogs™ electronic logbooks on its entire fleet of offshore assets. This collaboration marks a major milestone for the offshore adoption of ABS Wavesight eLogs, a secure digital solution that succeeds paper logbooks, bringing a new dimension to compliance management in the maritime and offshore sectors. ABS Wavesight eLogs ABS Wavesig...

Kongsberg Discovery and Kongsberg Maritime have been chosen as the exclusive suppliers of marine scientific equipment, oceanographic handling systems, and deck machinery for two new National Oceanic and Atmospheric Administration (NOAA) charting and mapping vessels, the Surveyor and Navigator. The vessels are being constructed by Thoma-Sea Marine Constructors, a shipbuilding company based in Louisiana, USA. Ships feature The ships feature an advanced array of technology from Kongsberg Discove...

A landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering has been established through a Memorandum of Understanding (MOU) between KR (Korean Register), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS Line, and the Liberian Registry. Robust safety standards As the demand for ammonia-fuelled vessels rises, this partnership aims to establish robust safety standards for STS ammonia bunkering, an efficient metho...

Ahlsell Danmark ApS, through its subsidiary KJV A/S, has signed an agreement to acquire all shares in Herning Industri Lager A/S. Going forward; the company will become part of the industrial specialist - KJV A/S. Through this acquisition, the position and offering in the Danish industrial sector are strengthened. Herning Industri Lager A/S Herning Industri Lager A/S sells tools, fasteners, transmissions, machines, and other technical assortments to industrial companies in central Jylland. Th...

The contract for civil works and electrification for the expansion of APM Terminals Maasvlakte II (MVII) container terminal in Rotterdam, the Netherlands, has been awarded to CareGo, a consortium comprising ABB, Dura Vermeer, and GMB. 51-hectare container yard The expansion will cover a 51-hectare container yard. This will double the capacity of the terminal, making it one of the most advanced fully automated terminals in the world. The 51 hectares will consist of 31 additional yard blocks, q...

ERMA FIRST GROUP has successfully completed the acquisition of Ecochlor, in a move that reinforces its position as a trusted provider of ballast water treatment and advanced decarbonisation solutions. Broadening the range of ultra-efficient ballast water treatment systems (BWTS), future-proof decarbonisation solutions, and related services under the ERMA FIRST GROUP umbrella, the acquisition consolidates the company’s status as one of the world’s largest BWTS providers. Marine ecos...

ClassNK has launched a third-party product certification service for individual green steel products.  Under the service, ClassNK certifies each green steel product supplied by steel manufacturers using the mass balance approach, and affixes a certification logo to its mill certificate. By improving reliability and making identification easier, the service ensures that users feel more secure when ordering and using green steel. Mass balance approach ClassNK has supported decarbonisation...