Corporate News

Technology advancements have accelerated into the maritime ecosystem at breakneck speed over the past ten years fuelled by a glut of new money, eager to enter the maritime sector. From a time of on-premise solutions that enabled only a select number of users to interact with closed proprietary solutions with defined inputs and outputs, to where a plethora of companion applications have come onto the market. They’re designed to provide narrow answers to the big problems operators face, whe...

MacGregor, part of Cargotec, has secured an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs), with an option for eight additional vessels. The vessels will be built at China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for CIDO Shipping. The order was booked into Cargotec's third quarter 2024 order intake, with deliveries planned to begin in the second quarter of 2026 and to be completed by the fourth quarter of 2029. MacGregor's track record The s...

ABS and Hanwha Ocean Co., LTD, have agreed to explore cutting-edge technology projects together with the signing of an Offshore Technology Collaboration Agreement (OTCA) at Gastech 2024. The agreement is the foundation for collaboration on a succession of state-of-the-art projects leveraging each company’s core competencies under three broad themes: sustainability, digitalisation and artificial intelligence and operational technology cybersecurity. Clean energy solutions The agreement a...

An ammonia fuel supply system that can be retrofitted to existing vessels or installed on new builds has earned approval in principle (AIP) from ABS. The ammonia fuel supply system from Nikkiso Clean Energy & Industrial Gases, part of Nikkiso Co., Ltd.’s Industrial Division, features high-efficiency pumps and an integrated fuel management system. ABS completed design reviews based on class and statutory requirements. New fuel supply system “The ability to retrofit is significa...

Hartnell Taylor Cook has announced that following a competitive tender, it has been re-appointed to manage the Maritime and Coastguard Agency’s (MCA) Estate Management Services contract.  The new contract period commenced in April, for up to a 5-year period, building on a long-standing relationship spanning over two decades. The contract was procured under the Crown Commercial Services framework (RM6168), where Hartnell Taylor Cook is appointed under a number of “Lots”....

LENOL and FUCHS LUBRICANTS GERMANY GMBH are pleased to announce the successful anniversary of their two-year collaboration.  "FUCHS has been a strong partner, providing unwavering support and strategic partnership right from the start," said Jan Thiedeitz, CEO at LENOL DMCC. Marine lubricant brand Stefan Knapp, CEO of FUCHS LUBRICANTS GERMANY GmbH, expressed his confidence in the joint efforts, stating: "Our past achievements in marine have laid a solid foundation. Now, as we embark on t...

The launch of 'Star Princess', the second LNG (liquefied natural gas) cruise ship that Fincantieri is building for Princess Cruises, took place at the Monfalcone shipyard. The ceremony was attended, among others, by John Padgett, President of Princess Cruises, and Cristiano Bazzara, Director of the Fincantieri shipyard in Monfalcone. LNG-powered cruise ship Godmothers of the ceremony Chiara del Vecchio, 3rd Engineer aboard the 'Sun Princess', and Francesca Maraventano, executive assistant at...

Teledyne Marine, the global pioneer in marine scientific instrumentation and solutions, announced that iOne Resources Inc. is the new official distributor in the Philippines for several Teledyne Marine product lines.  This is another milestone for Teledyne Marine’s expansion in Southeast Asia, iOne Resources Inc. will represent several key Teledyne Marine brands, including RESON, PDS, ODOM Hydrographic, Bowtech, Gavia, Oceanscience, RD Instruments, TSS, and BlueView. Teledyne Marine...

The event, organised by the industry’s regional cluster organisation, and hosted by CEO, Ruth Wood, in collaboration with Peel Ports Group and Connected Places Catapult, was hosted in the iconic location of the Liverpool City Region’s Combined Authority at Mann Island. Maritime Minister, Mike Kane MP, gave the keynote address, his first major speech in his new role at the Department for Transport, and panellist contributions were received from Stephen Carr, Chief Commercial Officer...

World Maritime Day on 26 September will highlight the importance of safety at sea in an era of significant transformations and new risks.  Fifty years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS) - the world’s most important treaty for the safety of merchant ships – the maritime community is at a crossroads, facing rapid advances in technology, global security challenges and the shift to green energy.  Facing rapid advances This year&r...

MAN Energy Solutions has won the order to deliver the propulsion systems for two Arctic Offshore Patrol Ships (AOPS) for the Canadian Coastguard as part of a consortium with GE Power Conversion. MAN Energy Solutions will deliver the engines, shafts and propellers for the AOPS’ integrated diesel-electric propulsion systems, as well as complete Integrated Logistics Services (ILS) documentation. MAN Energy Solutions is also providing decarbonisation via an SCR (Selective Catalytic Reduction)...

Robert Allan Ltd. is pleased to announce the successful delivery of a pair of RAmparts 2800-SD Azimuthing Stern Drive (ASD) tugs, built by Abu Dhabi Shipbuilding (ADSB) for ADNOC Group. The newly completed vessels, named ADNOC TB01 and ADNOC TB02, were designed to meet ADNOC’s specific requirements and for operations in the harsh Middle East environment, and are a development of the successful RAmparts 2800 series of vessels. Ambient air temperatures Some key features of this design inc...

Beneteau unveiled its Cummins-powered SWIFT Trawler 54 at the Cannes Boat Show. The latest sleek and sophisticated addition to the Swift Trawler range, which now includes five models ranging from 35 to 62 feet, is designed for leisurely long-range cruising in a serene environment laden with new technology and home comforts. It is a statement of seafaring luxury from Beneteau, the marine brand, which has been working in partnership with Cummins for almost 20 years. The Swift Trawler 54 (17.13m)...

MacArtney Asia, a pioneering provider of underwater technology solutions based in Singapore, is proud to announce its appointment as the regional reseller for Teledyne RD Instruments’ Acoustic Doppler Current Profilers (ADCP) and Doppler Velocity Log (DVL) products. This strategic partnership will enhance the availability and support of Teledyne RDI’s advanced ADCP and DVL technology across the region. Advanced and reliable products MacArtney is a supplier of underwater technology...

DNV, the independent assurance and risk management provider, has acquired CyberOwl, a global expert in cyber risk monitoring and threat management onboard maritime vessels. The two companies have joined forces to strengthen the cyber defences of the shipping industry by forming one of the world’s largest specialists in maritime systems cyber security. Cyber security regulation A typical fleet of 30 cargo vessels now experiences an average of 80 cyber incidents a year The partnership co...

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced that the world’s first carbon-free, ammonia-powered maritime vessel successfully completed its maiden voyage.  The NH3 Kraken, a tugboat originally constructed in 1957 and retrofitted with Amogy’s ammonia-to-electrical power system, sailed on a tributary of the Hudson River, upstream from New York City. Net-zero emissions by 2050 A significant step towards reducing global carbon emissio...

At Gastech 2024, ABS awarded approval in principle for two new autonomous technologies from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HHI). Unmanned Ammonia Engine Room for Ammonia-Fueled Ship Artificial Intelligence (AI) Safety Package for Unmanned Engine Room for Ammonia-Fueled Ship Autonomous navigation technology AIPs are the culmination of a joint development project, part of a wide MOU between ABS and HD Hyundai The AIPs are t...

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply reliquefaction systems for retrofit installation onboard floating storage regasification units (FSRUs) owned by Excelerate Energy, the world’s largest FSRU operator. The retrofit project will improve the environmental footprint of Excelerate Energy’s FSRU operations. The order is expected to be booked by Wärtsilä latest in Q4 2024. Compact Reliq Double units The system to...

A new design for a 268-metre floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from ABS. The unit is designed to perform offshore and at-shore with an expected production capacity of 1.2 million tonnes per annum (mtpa). ABS completed design reviews based on class and statutory requirements. Standardised design and scalability  “ABS offers world-class engineering services and is proud to be able to support innovative designs...

At Gastech 2024 in Houston, classification society DNV awarded an Approval in Principle (AiP) to HD Hyundai group for their cloud-based integrated Hyundai Intelligent Digital Twin Ship (HiDTS) system, marking a significant milestone in their three-year collaboration on Data-Driven Verification (DDV) of digital twin technologies. Since 2022, DNV and Korea Shipbuilding & Offshore Engineering (HD KSOE) have been collaborating on Data-Driven Verification (DDV) of digital twin technologies. Int...

Technology group - Wärtsilä, in partnership with Chevron Shipping Company LLC, plans to convert one engine on six of Chevron Transport Corporation Ltd.’s LNG Carriers from dual-fuel (DF) to spark gas (SG) operation. Reducing greenhouse gas emissions The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity of its operations. This marine industry first was made p...

OrbitMI has been named in the Thetius 150 ranking of the most innovative companies in the maritime industry for 2024, recognising the NYC-based software firm’s pioneering role in integrating data technologies to break down barriers to digital transformation.  Maritime intelligence and analytics The provider of maritime intelligence and analytics solutions is listed among the top 50 innovative small and medium enterprises (SMEs) – commercial organisations more than five years o...

DNV has granted Approval in Principle (AiP) to HD Hyundai Mipo (HMD) for their design of a 60,000 m3 LPG/NH3/VCM carrier.  The design addresses the growing demand for Medium Gas Carrier (MGC) vessels and aligns with the industry trend towards larger ships. LPG and ammonia transport It also anticipates stricter environmental regulations and an expected rise in LPG and ammonia transport volumes. The vessel maintains the operational characteristics of existing MGCs while incorporating a dou...

KR (Korean Register) has awarded an Approval in Principle (AiP) to HD Hyundai Mipo (HD HMD) for their innovative 23K Ammonia Bunkering Vessel and 18K LNG Bunkering Vessel on September 18, at GASTECH 2024, paving the way for green shipping. The development of these vessels represents a significant advancement in the maritime industry’s efforts to meet the International Maritime Organisation’s (IMO) ambitious greenhouse gas reduction targets, which include at least 20% by 2030 an...

DNV has granted a General Approval for Ship Application (GASA) to HD Hyundai Heavy Industries (HHI) for their new LNG carrier design. The new design has been developed to offer enhanced cargo capacity, improved operational efficiency, and reduced maintenance costs. Maximising cargo capacity A key design innovation is a streamlined configuration with three instead of four cargo tanks. This is intended to maximise cargo capacity and reduce the number of pump towers and associated cryogenic equi...

OrbitMI, a globally renowned provider of maritime intelligence and analytics solutions, is pleased to announce Michelle Chowey as its new Head of Software Solutions for the APAC region, as of 20 May 2024. Michelle Chowey brings a wealth of experience in maritime technology, with a career that includes leadership roles in customer success, sales, and business development within the navigational and crewing software sectors. Michelle Chowey  Michelle Chowey comes to OrbitMI from Ocean Tech...

Watson Farley & Williams (WFW) advised BPER Banca S.p.A. (BPER) on a medium to long-term financing of up to approximately US$7.7 million to Maltese company - Red Coral Bulkers Ltd. (Red Coral) for the purchase of the bulk carrier - 'Archagelos Michael'.  Archagelos Michael, originally under the Liberian Registry and currently registered by Red Coral in the Maltese Register of Shipping under the new name - 'Peppino' is one of the first ships to also be listed in the EU/EEA states’...

Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”) on a medium to long-term financing of up to approximately US dollar 7.7m to Maltese company Red Coral Bulkers Ltd. (“Red Coral”) for the purchase of the bulk carrier “Archagelos Michael”. EU/EEA states’ register Archagelos Michael, originally under the Liberian Registry and currently registered by Red Coral in the Maltese Register of Shipping under the new name “P...

Representatives from ABS and IMODCO Terminals SA, a division of SBM Offshore, met at Gastech 2024 where ABS issued approvals in principle (AIPs) for a range of jetty-less New Energy Terminal concepts to move frequent, large-volume ammonia transfers away from shore. IMODCO is applying a proven jetty-less system for moving crude oil to support the supply chain for new fuels such as ammonia. Mitigating ammonia leaks ABS reviewed the designs for IMODCO’s Catenary Anchor Leg Mooring (CALM) b...

ABS granted approval in principle (AIP) to HD Hyundai Mipo (HMD) for its design of a liquefied carbon dioxide (LCO2) carrier. Presented at Gastech 2024, the AIP represented the culmination of a joint development project between ABS and HMD. HMD developed a cargo containment system optimised for a 35,000 cbm LCO2 carrier using new cargo tank materials. ABS completed design reviews based on class and statutory requirements for liquefied gas carriers. Development of liquefied CO2 carrier “...