Corporate News

​The Assembly of the International Maritime Organization (IMO) has elected the members of its Council for the 2022-2023 biennium. IMO Council members elected The Council is the executive organ of the IMO and is responsible, under the Assembly, for supervising the work of the organisation. Between sessions of the Assembly, the Council performs the functions of the Assembly, except that of making recommendations to Governments on maritime safety and pollution prevention. The Assembly of the Int...

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...

NevadaNano, the innovator in gas detection sensor technology, announced a partnership with Recom Industrial in Genova, Italy, to deliver the Gas Point Safe Zone system, the world’s first Molecular Property Spectrometer™ (MPS™) fixed gas sensor for naval and shipyard environments. The Gas Point Safe Zone MPS-driven detection system reduces maintenance costs and increases uptime, protecting workers in virtually any environment where flammable gas mixtures are present. In additio...

Blue Water and the Construction division of Danwind Group have entered into a joint venture agreement establishing a new entity Danwind Blue Water that will offer turnkey services covering full scope of logistics, assembly, disassembly and installation of wind turbines. “We are delighted to announce the Danwind Blue Water joint venture partnership that will allow the Original Equipment Manufacturers to accelerate the development of wind farms by offering fully integrated wind turbine depl...

Neste Corporation’s President and CEO Peter Vanacker has given notice of his resignation from the company. He will leave his position at Neste at the latest in June 2022. The search for Vanacker’s successor starts immediately. “I warmly thank Peter for his great work in accelerating Neste’s transformation into a global leader in renewable and circular solutions driven by high climate ambitions. During these past three years, Neste has been able to renew and execute its g...

It has been decided to grant full financial support of 272 million Danish Krones (36,5 million EUR) to CO2 storage in the oil fields of the North Sea by the Danish Ministry of Climate, Energy, and Utilities. In December 2020, several Danish political parties settled a North Sea agreement, which was effected to develop and carry out CO2 storage in the North Sea. Green transition Until recently, it was uncertain which parts of the project would get financial support from the political side as s...

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...

FESCO Transportation Group (FESCO) is expanding the geography of transit routes and is launching a regular intermodal container service, FESCO West Gate Bridge, from countries of the Asia-Pacific region to ports of Europe, via Vladivostok and Kaliningrad in Russia. FESCO West Gate Bridge service The new service, FESCO West Gate Bridge, includes marine shipment by regular FESCO lines, from the Asia-Pacific region to the Commercial Port of Vladivostok (CPV, part of the FESCO Group), then by a re...

Tokyo-based renowned classification society, ClassNK has issued an Approval in Principle (AiP) to Kawasaki Kisen Kaisha, Ltd. (‘K’ LINE) and Shin Kurushima Dockyard Co. Ltd., for their jointly developed design of an ammonia-fuelled PCC. Ammonia is expected to be used as decarbonised fuel for ships, since it does not emit CO2 when burned. However, taking adequate safety measures are impartial, due to its characteristics of being toxic to humans and corrosive against materials. Class...

Danelec Marine. A/S, the Denmark-based pioneer in maritime hardware and software for data collection and safety, has signed an agreement to acquire KYMA A.S., the Norway-based specialist in digital ship performance monitoring.   The combined company will be the world’s largest maritime data collection solutions provider, with over 10,000 ships using its solutions globally to optimise travel routes and vessel performance, as well as reducing CO2 emissions. Digitalised data col...

As part of the development of the terminal network FESCO Transportation Group ('FESCO') has closed the deal on the purchase of JSC Port Gaydamak located in Vladivostok. After its modernisation in 2024 capacities for grain transhipment using elevators in the amount of more than 400 thousand tons per year will be created. At the same time, the port will continue processing general cargo in import, export and coastal directions. Specialised port infrastructure Expansion of terminal network...

SEACOR Marine and Compagnie Maritime Belge (CMB) have announced transaction for windfarm support business, Windcat. Windcat is among the globally renowned offshore wind support vessel providers in Europe and owns and operates, directly or through its joint ventures, a fleet of 46 Crew Transfer Vessels (CTVs) in the European offshore wind sector. Windcat’s Crew Transfer Vessels (CTVs) Windcat’s CTVs are designed and built under the supervision of their management Windcat’s C...

The ocean covers 71% of the Earth’s surface, hosts a major portion of the planet’s biodiversity, provides the world with food, energy, transport, and recreation, as well as playing a vital role in regulating the water and carbon cycles, while producing half the oxygen we breathe. ‘Blue economy’ The global ‘blue economy’ contributes US$ 2.5 trillion a year in economic output (equivalent to world’s seventh-largest by GDP) and is expected to expand at twi...

The World Ocean Council (WOC) is thrilled to partner with the US$ 100 million XPRIZE Carbon Removal team, on a webinar for ocean entrepreneurs. Funded by the Musk Foundation, the XPRIZE Carbon Removal Prize is a global US$ 100-million competition, aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth’s carbon cycle. XPRIZE WOC Webinar on Ocean CO2 Removal The XPRIZE WOC Webinar on Ocean CO2 Removal will brief participants on the US$ 100 mil...

Cape Town’s port is naturally positioned against the beautiful backdrop of Table Mountain and strategically placed along one of the busiest trade routes in the world. This is of significance to South Africa’s economy, apart from two other ports in Durban and Johannesburg. Cape Town also prides itself in being the largest fruit exporter out of South Africa. Fruit exports account for about 50 percent of the country’s agricultural trade valued at over US $1.7 billion dollars...

At Maersk they are making a dedicated effort to alleviate pains in the customers’ supply chain, providing visibility, clarity and predictability where they can. One such effort is ensuring that customers can plan their supply chain with ease and accurate data. Industry digitalisation is key to building more sustainable supply chains, bringing with it the opportunity to react quickly to the market, as well as new events and changes in the transport plan. Accurate transit times Seeing whe...

Rolls-Royce’s hybrid-electric aero power and propulsion system have delivered more than a megawatt of power just weeks after going on test for the first time. Power Generation System 1 (PGS1) reached the milestone at the newly-renovated Testbed 108 in Bristol, UK. Testing is continuing with the aim of reaching up to 2.5 megawatts. Future ground applications PGS1 is a demonstrator aimed at proving technology for future hybrid-electric regional aircraft opportunities, and in addition, t...

To safeguard the oceans, Unigreen Marine S.A. (UMS) and Evergreen Marine (Latin America) S.A. (ELA) organised beach cleaning activities on September 4. Evergreen Marine Kaohsiung Terminal Division followed suit with a beach cleaning activity in Taiwan on October 16. As part of sustainable business practices, UMS and ELA called for employees to participate in the beach cleaning activity organised by Panama Maritime Chamber in Panama City on September 4. Despite the mild weather, the employees we...

World Ocean Council has signed a Memorandum of Understanding (MoU) with Green Marine, formalising an already strong working relationship between the organisations and their complementary efforts on industry environmental sustainability and ocean health. The MoU serves as a framework for collaboration on the shared objective of catalysing improved environmental performance in the maritime industry. Business leadership alliance “WOC’s mission as the global business leadership allian...

“With ESA’s approval, our hydrogen-powered zero-emission vessels are one step closer to reality. Now we are awaiting hydrogen to become available vessel fuel. We are excited for our Norwegian government and its ambition of investing in green infrastructure, focusing on hydrogen production, logistic hubs and supply chains to pave the way for commercial use of hydrogen,” says Topeka CEO Steinar Madsen. He believes the newly announced national budget in Norway shows promising ten...

Swedish ferry company Stena Line announces to enter the Finnish market with a new daily route from Hanko in Finland to Swedish Nynäshamn. The new route is the next step in Stena Line’s ambition to further strengthen its position in the Baltic Sea. Starting with one ferry in February, the new route will be served with two vessels with daily departures from each port as of May 2022. “With our new daily route between Hanko and Nynäshamn, we heavily expand and strengthen our p...

The technology group Wärtsilä has introduced its latest development based on applied Computational Fluid Dynamics (CFD) modelling to enable the accurate and speedy configuration of thrusters and other propulsion systems, to deliver the optimal dynamic positioning solution.  The new Wärtsilä OPTI-DP Engagement Tool, which has been verified by DNV Maritime has been developed in response to the increasing need for efficient high-performance station keeping and manoeuvrabil...

A brand-new transport solution from Narvik in Northern Norway will ensure fresher fish for all of Europe. Accompanied by Norwegian CargoNet and Nor-log Thermo, Blue Water Shipping has tailored a solution shortening the transport time by up to 40%. This Sunday, the first train arrived at Padborg’s cargo transport terminal. After unloading of the train, the trailers were transported to Blue Water’s reefer terminal, which is neighbouring to the cargo terminal in Padborg. Blue Water han...

It follows the release of a major new analysis, ‘Maritime Safety 2012-2021: a decade of progress’, from Lloyd’s List Intelligence and DNV that shows a marked decline in casualties, losses and detentions over the period. Between 2012 and 2021, the tally of annual casualties declined 20% from 1922 to 1537 and losses resulting from casualties dropped 56% from 132 in 2012 to 58 in 2020, while the number of detentions decreased by 60% by the end of 2020 – mostly in the genera...

Maritime UK has announced launching the Version 5 of the Industry Code of Practice for Maritime Autonomous Ship Systems on December 6, 2021. The accelerating pace of change in maritime autonomy has required updated guidance for those owning and operating Maritime Autonomous Ship Systems (MASS). While not a legal text, the Industry Code of Practice has been used by manufacturers, service providers, and others, as part of their day-to-day work. Many manufacturers have reported clients requiring c...

VANOS S.A. presents the FAST-ACT nanotechnology products that neutralise chemical threats and toxic substances, turning them into safer by-products, in just 90 seconds. Honouring the company’s commitment to combine safety and innovation, VANOS S.A. has made a new partnership with Timilon Corporation enriching VANOS S.A.’s portfolio with FAST-ACT (First Applied Sorbent Treatment – Against Chemical Threats), a proprietary formulation of non-toxic high-performance speciality mate...

Another successful exclusivity agreement was undersigned between VANOS S.A. and Skipsutstyr A/S, for premium Norway-made optical solutions, for the Greek and Cypriot markets. Skipsutstyr A/S is a renowned Norwegian manufacturer and distributor, focused on product development and high performance, while committed to the customers’ needs on searchlights, floodlights, bowlights, navigation lights, general lighting and window wiper systems, for harsh environments. POLARLIGHT searchlights and...

In continuously developing the range of services for its portfolio of four-stroke engines, MAN Energy Solutions enables its customers to exploit a multitude of synthetically manufactured, climate-neutral fuels in the operation of ships or power plants. Already, MAN engines using power-to-X fuels such as synthetic natural gas (SNG) can be operated totally climate-neutrally. MAN customers will in due course be able to use other, so-called 'future fuels' –such as ammonia, methanol and hydrog...

“With a verified and tested hydrogen-based propulsion system, we take the next step in zero-emission solutions at sea. This project is another example of our world-leading Norwegian maritime cluster succeeding when we face the most demanding technological challenges,” says Geir Håøy, CEO of KONGSBERG. The program is the third and final part of the EU funded project 'HySeas' which has been running since 2013 to prepare and demonstrate a scalable hydrogen system for ships...

In the year to 1st December 2020, Borchard Lines’ schedule reliability continues to show strong results, averaging over 93% on-time, consistent overall quarters.  Using the same methodology, this is in contrast to the global shipping trend, which as was recently noted:- “Global schedule reliability of container shipping fell to just 56 percent in September, with the on-time performance of Asia shipments to the US West and East coasts slipping below 50 percent. According to data...