Corporate News

The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonisation Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022. The assessment applied MTF’s recently updated framework to an expanded set of eight fuels, including fossil LNG, fossil MGO combined with c...

Iridium Communications Inc. a provider of global voice and data satellite communications, announced Cosco Shipping (CSSC), the world's largest fleet of commercial vessels with 1,417 ships, has begun installation of Iridium® Global Maritime Distress and Safety System (GMDSS) terminals. The recent installation of the Lars Thrane LT-3100S terminal on the Cosco Tengfei is a testament to CSSC always prioritising the safety of its crew, ships, and cargo. Maritime transportation plays a pivotal r...

Uruguayan shipowner and operator - TFF has contracted Dutch inland shipping construction yard, Concordia Damen to build a CDS2410 Shallow Draft River Pusher (2.500 HP) to expand its fleet of pushboats. TFF will use the pusher for transporting cellulose pulp from Fray Bentos to the port of Nueva Palmira. Concordia Damen has thoroughly researched the river characteristics in the region in relation to the desired operational profile of the vessel. Based on this its engineers designed the most effi...

On 16 May 2024, maritime industry professionals will gather once again at the De Vere Grand Connaught Rooms, London, for the Royal Institution of Naval Architects’ (RINA) highly anticipated Annual Dinner. The RINA Annual Dinner is a cornerstone event that garners widespread institution members and the wider maritime industry alike. In 2023, the occasion hosted more than 80 esteemed companies and 300 distinguished guests. RINA Annual Dinner 2024 Sponsored by Shipglide and Burner Fire Con...

Smart Green Shipping, the company that unlocks wind power for the shipping industry, has commenced on-land testing of FastRig: a robust aluminium wingsail that harnesses wind power to deliver thrust to the ship and can reduce shipping emissions by up to 30%. FastRig has been developed collaboratively with input from ship owners and cargo owners. FastRig The first FastRig has been raised with the financial support of MOL Dry Bulk, a Scottish Enterprise and private investors. Smart Green Shippi...

HD Hyundai Marine Solution has signed an agreement with Greek operator - Neptune Lines Shipping and Managing Enterprises SA to provide Engine Part Load Optimisation (EPLO) services for four car carriers. HD Hyundai Marine Solution partnered with Accelleron to launch the EPLO service, receiving the first order for one ship in October 2023. Fuel efficiency and performance Most marine engines are built to provide optimal fuel efficiency and performance for the speed and environment for which the...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a Smart Ship© Hub, developed by Smart Ship© Hub Digital. Smart Ship© Hub is described as an easy & quick to deploy remote vessel management platform for safety, reliability and operational efficiencies. ClassNK verified its functions ClassNK has verified its functions, 1. Condition and health monitoring of the machinery, 2. Pattern recognition of the machinery’s operation data to determine...

VIKING Life-Saving Equipment A/S delivered outstanding results across its product areas and markets in 2023. In terms of revenue and, in particular, earnings, the company has met the goals set out in its BP25 business plan much earlier than expected. Work on the next business plan, BP28, with new strategic objectives, is well advanced, and is due to be approved later this year.  Net revenue increased for the second consecutive year by almost DKK 400 million to DKK 3.53 billion against DKK...

LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, announced that it has acquired a 49% stake in Cai Mep LNG Terminal located in the Vũng Tàu district in South Vietnam. Fully constructed, the CaiMep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam. Cai Mep LNG Terminal The Cai Mep LNG Terminal has pipeline connectivity to Vietnam's largest power generation complex,...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC. "Cassandra" is a platform that integrates performance data from vessels with AI technology, and then enables real-time monitoring of the ship’s current status. It is cloud-based and designed to monitor fuel consumption, CO2 emissions, as well as hull and engine performance from shore. C...

MAN Energy Solutions’ licencee, MITSUI E&S Co. Ltd., has announced that it has successfully tested a 50-bore MAN B&W two-stroke engine with up to 100% load at its Tamano facility while running on hydrogen, a world-first for the maritime industry. In collaboration with MAN Energy Solutions, MITSUI converted one of the four cylinders of a MAN B&W ME-GI (-Gas Injection) engine to hydrogen operation. The hydrogen was supplied from a hydrogen gas supply system that MITSUI  ...

Hitachi Zosen Corporation and Nippon Yusen Kabushiki Kaisha are pleased to announce that the jointly proposed 'Development of N2O Reactors for Ammonia-Fueled Carrier' has been selected by the New Energy and Industrial Technology Development Organisation (NEDO) as a 'Next Generation Ship Development' which was additionally invited in November 2023 as a part of Green Innovation Fund Project (hereinafter 'GI Fund Project'). In July 2023, the International Maritime Organisation (IMO) set a target o...

MacGregor, part of Cargotec, has received a large order for three cranes that will be installed onboard a state-of-the-art cable layer due delivery from global shipbuilder - VARD.The contract has been booked into Cargotec's first quarter 2024 order intake, with crane supply scheduled for the third quarter of 2025. Crane and OnWatch solution MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane, a 20T Offshore crane, and a 3T deck crane to Prysmian, to equip the Italian owner&...

Autonomous vessel experts and artificial intelligence (AI) pioneers behind the first full-size unmanned research vessel to conduct scientific experiments whilst autonomously navigating across the Atlantic Ocean have announced their plans to launch the world’s first fully autonomous uncrewed surface vessel (USV) fleet for long term lease or charter. The owners behind the company, Zero USV, a collaboration between the founders of Marine AI and MSubs, aim to have the first vessels fully test...

IMO Secretary-General conveys condolences and renews the call for collective action to protect seafarers. Casualties reports IMO Secretary-General Arsenio Dominguez issued the following statement, “It is deeply saddening to follow the horrific reports of the casualties on the merchant vessel True Confidence, following an attack on the ship southwest of Aden, in Yemen." "I extend my deepest condolences and those of the entire IMO family to the families of those who have lost their...

At an online ceremony on February 27th, 2024, MAN Energy Solutions and China Classification Society (CCS) signed a sub-agreement in line with the Strategic Framework Agreement (SFA) the two parties previously agreed in September 2023 in Beijing. The SFA, on ‘Decarbonisation and Digitalisation in the maritime industry’, is scheduled to last for five years. The new sub-agreement – the third such between the companies – covers MAN Energy Solutions’ new MAN L21/31DF-M...

Seaspan Shipyards, Canada’s long-term shipbuilding partner for the Canadian Coast Guard (CCG) and Royal Canadian Navy, has awarded ABB a contract to deliver an integrated propulsion system for the first of the CCG’s new-generation polar class icebreakers. The vessel is expected to be one of the world’s largest and most powerful diesel-electric icebreakers when it enters service in 2030, with ABB supplying vessel systems complying with IACS Polar Class 2 requirements for year-r...

March 1st marked the date when Samskip took the next step in its strategic Baltic Sea development by increasing service capacity and adding the port of Klaipeda to its network. The extended service follows the successful establishment of Samskip’s dedicated Baltic Sea shortsea service in November 2023. Since its kick-off, the Samskip Baltic Sea service has provided market-pioneering scheduling reliability supported by unrivaled customer experience. Samskip’s owned truck fleet As p...

U.S. Flag Ships should be preparing to be fully compliant with SAFER SEAS ACT of 2023 by December 31, 2024 or next drydock.   If the following criteria apply to the vessel(s), Mackay Marine has a vetted, customised solution - the MD5000 Safer Seas Package, to ensure the ships will meet the equipment monitoring & recording requirements to avoid attracting penalties. U.S. Flagged VESSEL CRITERIA: Commercial Oceangoing Non-Passenger Vessel (Excludes Fishing) ≥ 24 m Length (79...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a straight leg course control - called “ACE Function” (ACE: Advanced Control for Ecology), which can be integrated with the autopilot systems, “PR-9000” and “PR-6000” offered by TOKYO KEIKI INC. The company describes that “ACE Function” can automatically create a straight route and implement navigation at the shortest distance, only by setting the ship's current positio...

All operating assets of Druckluft-Technik-Nord GmbH, a compressor distributor in Bald Oldesloe in the Hamburg area, have become part of Atlas Copco Group. Compressed air technology The company has 18 employees and offers sales and service of compressed air technology. “The acquisition will extend our service and sales offering in the region of Hamburg in Germany,” said Vagner Rego, Business Area President Compressor Technique. The purchase price is not disclosed. The acquired busi...

Babcock is creating more than 1,000 new jobs at their large-scale, advanced manufacturing and shipbuilding facility in Rosyth to support the delivery of their world-class programmes and development of the workforce’s capabilities. Underpinning their commitment to further develop the skills required to support customers now and in the future, over the next four years, the new job opportunities will benefit both the UK economy and local communities and include 400 apprenticeships, 350 produ...

RightShip, a major global ESG-focused digital maritime platform, announces its collaboration with LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, to augment the risk management framework for governance risks in the maritime industry. The partnership will integrate LSEG’s World-Check into RightShip’s digital maritime platform and vetting workflows. This will allow end-users, including charterers, financial institutions, traders, port a...

Allied Universal®, the world’s renowned security and facility services company, is proud to announce that its client, the Helen Delich Bently Port of Baltimore has received a top U.S. Coast Guard security assessment for the 15th consecutive year. Security assessment The assessment which included a detailed review of all security protocols and procedures is for the six state-owned, public marine terminals that are managed by the Maryland Port Administration (MPA). The U.S. Coast Guar...

After winning a 3-year contract for more than 80 vessels to VSAT, Iridium, and VoIP in 2021, Castor Marine’s connectivity contract has been renewed by Jan De Nul Group and includes a roll-out of Starlink to most Jan De Nul Group vessels. The experts in marine construction, civil engineering, and environmental projects have expressed their continued satisfaction with and need for solid vessel connectivity on a global scale.   Hybrid LEO GEO service With the addition of Starlink...

Opening up the world to a new era of global exploration, Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, welcomes guests on board its newest ship, Vista, for its highly anticipated inaugural 180-day 2026 Around the World voyage. Having set the standard for extraordinary sailings for over a decade with destination-immersive global journeys, Oceania Cruises sets a new bar with unparalleled comfort and convenience, electing Vista to host this year's circu...

Technology group - Wärtsilä has entered into a collaboration agreement with Seattle, USA-based naval architecture and marine engineering firm, Elliott Bay Design Group (EBDG), to further develop EBDG’s Clean Harbour Alternative Mobile Power (CHAMP) Barge design. Featuring Wärtsilä’s methanol engine technology, the collaboration introduces a cost-effective solution to reduce emissions from large vessels in situations where conventional shore power is limited or no...

Fincantieri’s Sestri Ponente (Genoa) shipyard in Italy is scheduled to take delivery of Thordon’s COMPAC open seawater-lubricated propeller shaft bearing system for installation to the second ship in Oceania Cruises’ Allura class, which is scheduled to join the Miami-based company’s fleet in 2025. The twin screw Oceania Allura will feature three COMPAC bearings per shaft to fit propeller shaft diameters of 510mm (20.7in). The same scope was supplied to the 67,000gt first...

As of the 31st of March 2024, all import containers arriving in the port of Rotterdam from Latin America will only be securely and reliably released via the Secure Chain. The new operational approach creates a closed logistics chain that solely comprises familiar, authorised parties. The Secure Chain is part of a broader approach deployed by the public and private sectors to present a united front against drug crime in the port of Rotterdam. Susceptible to potential abuse In the Secure Chain...

Officials dedicated two new Port of Long Beach fireboat stations that are greatly enhancing the Long Beach Fire Department’s waterside and landside emergency response capabilities, better safeguarding visiting ships, cargo and waterfront workers. The facilities – Fireboat Station 15 and Fireboat Station 20 – are the products of a $109 million Port of Long Beach program to preserve business continuity, security and economic interests. Emergency response capabilities “Th...