Corporate News

MAN Energy Solutions and Energy Dome, an LDES solution provider based in Milan (Italy), have entered into a Memorandum of Understanding (MoU) for a non-exclusive collaboration. Both companies are committed to exploring the potential of integrating their individual technologies and competencies to further optimise Energy Dome’s CO2 Battery Technology, a pioneering long-duration energy storage system addressing the increased need for energy storage solutions worldwide. Long-duration energy...

Effective January 1, 2024, IT will be represented in Atlas Copco’s Group Management. Marcus Hvied, who is General Manager IT Services and Head of Group IT (Information Technology) is appointed Senior Vice President, Chief Information Officer and becomes a member of the management team. Marcus Hvied joined the Group in 2018 and has since then successfully led the Group common IT organisation. “Digital transformation and cyber security have become increasingly important for the Group,...

Nexans Marine Operations AS has returned to Ulstein Verft AS to build a new and updated version of the DP3 cable laying vessel MS “Nexans Aurora”. The new vessel will share the same comprehensive propulsion and manoeuvring package from Brunvoll. Brunvoll’s delivery for the new cable-laying vessel will share the same specifications as the previous delivery, consisting of three azimuth propulsion units, two tunnel thrusters, and a retractable azimuth thruster. All the thrus...

ClassNK has released a white paper 'Pathway to Zero-Emission in International Shipping – Understanding the 2023 IMO GHG Strategy'. In July 2023, the IMO adopted the ‘2023 IMO Strategy on Reduction of GHG Emissions from Ships’, which includes goals such as achieving net-zero GHG emissions by or around 2050. While the strategy sets numerical targets for reducing GHG emissions as well as indicative checkpoints, the maritime industry has not yet reached a common understanding of w...

VARD, one of the major global designers and shipbuilders of specialised vessels, has ordered 4 × MAN 12V175D-MEM GenSets in connection with the building of a new purpose-built, cable-laying vessel (CLV) for NCT Offshore, the Danish subsea specialist. The GenSets will form part of the vessel’s diesel-electric DP2 propulsion system, which also includes a hybrid battery package. VARD orders 4 × MAN 12V175D-MEM GenSets This exciting project is just the latest in the rapidly-grow...

Ingeteam has succeeded in an order to equip what will be the world's largest luxury sailing ships. Specifically, the company will design and manufacture the converters and motors that will propel the two ships that will emulate the famous Orient Express train, enabling more ecological and sustainable navigation via the latest marine technology. The ships belong to Accor Group under the Orient Express brand, and will be built at French shipyard Chantiers de l'Atlantique. Ingeteam will supply a t...

Peel Ports Group is to extend its steel and metals terminal in response to strong growth in customer demand at the Port of Liverpool. The UK’s second largest port operator began construction of the 20,000 square foot extended warehouse at its North 3 Canada Dock in 2023. The group’s investment comes as the Port of Liverpool enjoyed one of its busiest months for steel volumes in September, with more than 75,000 tonnes handled by staff across the port and Birkenhead Docks. Peel Ports...

Renewable energy will be more important to shipping’s climate goals than any other fuel feedstock, according to a survey of 200 maritime decision-makers. The ‘E-Fuels in the Shipping Industry’ survey, conducted by market researcher mo’web and commissioned by Accelleron, identifies the huge potential and some of the key challenges that ship owners and operators face as they deploy alternative fuels to meet industry targets of climate neutrality by 2050. Around 93% of...

METIS Cyberspace Technology has added new functionality to its cloud-based Total Emissions Management solution that allows ship owners and operators to make the best use of the EU Emissions Trading Scheme (ETS). As well as supporting IMO’s Data Collection System metrics for a ship’s Average Efficiency Ratio and Carbon Intensity Indicator, and EU monitoring reporting and verification, the new capability means that METIS can help owners manage the complexities of carbon allowances. E...

Atlas Copco Group has acquired ACJ, s.r.o., a compressor distributor in Samorin, near Bratislava in western Slovakia. The company has 14 employees and offers sales and service of compressors, dryers, and other compressed air equipment to the general industry. Compressed air equipment “The acquisition will extend our service and sales offering in Slovakia, which is a market where we see a potential for growth,” said Vagner Rego, the Business Area President of Compressor Technique....

The San Pedro Bay ports’ efforts to help seed a robust green hydrogen market to assist in the pursuit of zero-emissions operations got jump-started this week with an announcement from the U.S. Department of Energy that it will award a grant of up to $1.2 billion to a public-private partnership formed to lead California’s bid to create a hydrogen hub. The ports of Long Beach and Los Angeles, which together comprise the nation’s largest seaport complex, are project partners in t...

The Board of Directors of Wallem Group today announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period of transition will leave in January 2024. Having joined Wallem in 2019 as Managing Director, Shipmanagement, John-Kaare Aune was appointed as Group CEO in January 2021. Nigel Hill, Wallem Group Chairman, said, "On behalf of the Wallem Board, I would like to thank John for his leadership and dedication over the past three years as CEO. We are grateful...

MAN Energy Solutions has announced a partnership with industry leaders and research institutes that will develop engine concepts for hydrogen-fuelled, medium-speed engines in the maritime sector. Dubbed ‘HydroPoLEn’, the project is supported and funded by the German Federal Ministry for Economic Affairs and Climate Action. It aims to transform propulsion systems within shipping and develop key technologies such as injection, ignition and advanced tribological systems, while part of i...

Elcogen, the European manufacturer of technology that enables delivery of efficient, affordable green hydrogen and emission-free electricity is pleased to announce that Korea Shipbuilding & Offshore Engineering Co., Ltd. (“KSOE”), a company incorporated in the Republic of Korea and a member of HD Hyundai Group (“HD Hyundai”) has signed a strategic investment in Elcogen of €45m with closing subject to, amongst other things, Elcogen obtaining the approval of its sh...

Dafo Vehicle, a pioneer in safety for vehicles in high-risk industries, has promoted Fredrik Rosén to the position of Business Line Manager for Material Handling. As a key member of Dafo Vehicle since the division’s inception, Rosén has played an integral role in Dafo Vehicle’s success. His transition from Business Manager - Middle East and Africa and Marketing Manager reflects a strategic change in the business to focus and strengthen the support and knowledge in this...

According to the new “Value of Reliability” survey from ABB, over two-thirds of industrial businesses experience unplanned outages at least once a month, costing the typical business close to $125,000 per hour. Despite this, 21 percent of businesses surveyed still rely on run-to-fail maintenance. Managing maintenance The survey, conducted by Sapio Research in July 2023, gathered responses from 3,215 plant maintenance decision-makers globally across the energy generation, plas...

The Port of Greenock welcomes its largest ever container vessel. Scotland’s deepest container terminal has welcomed the largest container vessel ever to berth at the port. The Port of Greenock hosted the 300m long MSC Magnum VII, which has a capacity of 6,750 TEUs (twenty foot equivalent units), on Saturday morning (7 October.) MSC Magnum VII container vessel The 75,000-tonne container vessel arrived via Peel Ports Clydeport’s sister facility at the Port of Liverpool The 75,000-t...

Ship operators can reduce their fuel use and emissions output by using Silverstream Technologies' air lubrication system (ALS) with AkzoNobel’s fouling control coatings, a new white paper has revealed. Marine industry experts from both businesses have collaborated to show that a combination of air lubrication and the right fouling control coatings can reduce hull resistance and increase efficiency to give vessel owners a “clear competitive edge”. Ship’s frictional resis...

M.A.C. Maritime, the German expert in onboard data acquisition and performance monitoring, has signed a collaboration agreement with Accelleron’s Digital Division, the Swiss specialist in digital solutions for vessel performance optimisation. The agreement takes effect immediately. The agreement will enable M.A.C. Maritime to market and distribute Accelleron digital offerings: Tekomar XPERT Marine Engine module, Tekomar XPERT Marine Emissions module, and Tekomar XPERT Marine Hull & Pr...

Norwegian Cruise Line Holdings Ltd. (NCLH) (together with NCL Corporation Ltd., ‘Norwegian Cruise Line Holdings’, ‘Norwegian’, ‘NCLH’ or the ‘Company;) announced the appointment of José E. Cil to its Board of Directors (the ‘Board’) as a new Independent Director, effective October 6, 2023. With Mr. Cil’s appointment, the Board has expanded from eight to nine members, seven of whom are independent. Mr. Cil will serve as a member...

Following the publication of its CBER Staff Working Document, the European Commission’s DG COMP has announced that it recommends letting the sector-specific Consortia Block Exemption Regulation (CBER) lapse, and that liner shipping vessel sharing agreements will be regulated under the general EU antitrust rules based on the Horizontal Block Exemption Regulation and Specialisation Block Exemption Regulation. Vessel sharing is an operational measure allowing ocean carriers to use ships more...

Spire Global, Inc., a global provider of space-based data, analytics and space services, was selected by MAN Energy Solutions, a global player within the marine, energy and industrial sectors, to provide weather data and real-time automatic identification system (AIS) vessel-tracking data. According to McKinsey & Co, the shipping industry can decrease fuel consumption by 1% through optimised vessel execution and performance management mechanisms, utilising AIS and weather data for route map...

International law firm - Norton Rose Fulbright’s Global Co-Head of Transport and Head of the Paris Banking team, Christine Ezcutari, has been awarded the Commandeur de l’Ordre du Mérite Maritime (Commander of the Order for Maritime Merit). The Order for Maritime Merit, established in 1930, is awarded to those who have distinguished themselves in the maritime field.  Shipping and transport financing Christine, who is one of the youngest women ever to receive this presti...

Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to ERMA FIRST for its amine absorption-based Carbon Capture and storage (CCS) system. Absorption technology ERMA FIRST’s CCS system uses absorption technology to mix CO2 (carbon dioxide) flue gases with a proprietary amine solvent, which is then heated to produce a chemical reaction that reverses the absorption and separates the CO2 from the solvent.  The CO2 from this process is then liquified and stored under cry...

DNV has published new guidelines for the safe installation of onboard carbon capture and storage (OCCS) systems on board ships, amid growing pressure on the shipping industry to develop effective technologies to reduce emissions as part of the ongoing maritime energy transition. Different methods for reducing greenhouse gas (GHG) emissions will be necessary to achieve international, regional, and national emissions targets. Post-combustion OCCS on board trading ships is expected to be among the...

Kakinada Container Terminal (KCT) Pvt Ltd, located in the eastern part of India, serves as a vital weather terminal within the Kakinada Deep Water Port in Andhra Pradesh. Customised transport solutions KCT enjoys excellent connectivity via the National Highway to major cities in the vicinity and handles a diverse range of container cargo, from frozen to dry cargo. The terminal is a key hub for the rice commodity, served by the railway line from Raipur to Kakinada. This marks a milestone for...

Babcock’s LGE business, the pioneer in liquefied gas, has secured contracts to provide its innovative ethane cargo handling and fuel gas supply system – ecoETHN®. The contracts are for 15 Very Large Ethane Carriers (VLECs) at Jiangnan Shipyard for shipowners Tianjin Southwest and Pacific Gas. Long-haul ethane transportation Tianjin Southwest will take delivery of nine, while Pacific Gas will take six These latest orders push the total number of ecoETHN® contracts for Babc...

B.F.E. Bonney Forge is one of the first European companies to secure certification for a spare part intended for field operations through the application of AM technology. This achievement signifies a major milestone in the manufacturing landscape, one that demonstrates the potential of this innovative technology to reshape the future of pressure equipment under the Pressure Equipment Directive 2014/68/EU (PED). CE-certified pressure vessel The collaboration builds upon the successes of the s...

Leask Marine Ltd., Marine Contractors based in Kirkwall, Orkney, have retained their internationally recognised ISO 45001:2018 Health & Safety Management System, ISO 14001:2015 Environmental Management System, ISO 9001:2015 Quality Management System, and ISO 27001:2017 Information Security Management System accreditation standards. This independent five-day assessment was conducted by the pioneering certification body, the British Assessment Bureau and demonstrates Leask Marine’s co...

As part of its effort to expand its presence in the East African markets, WEG is taking significant steps to increase its presence in Uganda through a partnership with Petrok as a Value Added Reseller (VAR). Petrok's local presence and technical expertise, along with the reliability of WEG products in the market, will facilitate this expansion. Strengthening position in Uganda The expected economic growth from projects like as the East African Crude Oil Pipeline (EACOP), along with the exis...