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Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th to share best practices and explore innovative approaches to shore power utilisation. The event highlighted ONE’s nearly decade-long experience in utilising Alternative Marine Power (AMP) containers on the U.S. West Coast. ONE’s AMP container Prior to the symposium day, a milestone was achieved on December 4th with the successful trial and commissioning of ONE’s AMP container a...
The EU’s Emission Trading System, EU ETS, is a policy instrument for reducing greenhouse gas emissions. The system is based on the fact that companies that emit greenhouse gases must hold emission rights to cover their emissions. Emission rights are a limited resource that is sold on a market. Companies covered by the EU ETS must report their emissions to the authorities. Emission rights are an important part of the EU’s climate policy and the system has contributed to reducing gree...
Watson Farley & Williams (WFW) advised Globus Maritime Limited on their US$ 28 million sale and leaseback of newbuild bulk carrier m.v GLBS MIGHT with a Japanese leasing house. This is Globus' first sale and leaseback transaction, with the US$ 28 million being made available under a ten-year capital sale & leaseback arrangement. Athens-based Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide with a current fleet of eight dry bulk ves...
Lloyd’s List Intelligence (LLI), a global provider of maritime data, insights, and analytics, and Siglar Carbon, a pioneer in maritime emissions performance analytics, announced a strategic partnership to drive greater awareness of vessel emissions performance across the maritime industry aligned to EU ETS and Fuel EU market frameworks. This collaboration will combine LLI’s deep understanding of the maritime market and its comprehensive Risk & Compliance, Insurance and Legal sol...
Watson Farley & Williams (“WFW”) advised Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Leasing”) on a leasing transaction for three liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Korean and Chinese shipyards Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs&rd...
The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping (‘the Roadmap’), a comprehensive document outlining a decarbonisation strategy for the region. The report urges Nordic ministers to take immediate action to support the industry in achieving its goals by closing the cost gap associated with the fuel transition. Its findings and recommendations were officially presented to Nordic ministers at a High-Level Conference on Green Shipping in the Nordic...
HullWiper’s sustainable hull cleaning solution is coming to Singapore. The company has signed a lease agreement with Unidive Subsea to bring its eco-friendly Remotely Operated Vehicle (ROV) hull cleaning technology to PSA terminals, Seatrium Yards and Singapore’s inner anchorages. Plans are also in place to expand services to FPSOs, FSOs and semi-submersibles under contracts with regional oil and gas companies. Net-zero emissions by 2050 HullWiper’s sustainable hull cleaning...
ABS has introduced new Rules for Building and Classing Offshore Units (Offshore Rules) that bring multiple rule sets into a single, unified document with risk-based approaches for verifying new technologies along with easier navigation to support clients. The forward-looking initiative is part of a multi-year collaboration with industry, shipyards, owners, equipment manufacturers, designers and regulators to support the fast-moving technology advancements and innovations driven by digitali...
On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonisation goals. As they review the clause and engage in discussions with their customers, it’s clear there are still some gaps to be filled, before they reach total cohesion. Clauses for FuelEU Maritime With its additional layers of complexity, drafting clauses for FuelEU Maritime presents an e...
SIMEST, CDP Group's company for the internationalisation of companies, and Fincantieri, a world pioneer in high-complexity shipbuilding signed a memorandum of understanding aimed at promoting new investments, and greater competitiveness, including internationally, and market growth for companies in the shipbuilding supply chain. The agreement was signed by Pierroberto Folgiero, Chief Executive Officer and General Manager of Fincantieri, and Regina Corradini D’Arienzo, Chief Executive Offi...
Global marine energy supplier, Peninsula, has announced the expansion of its physical supply network into the Houston market and surrounding areas. Peninsula’s re-entry will be led by Houston-based Mike Parrent who joins Peninsula as Physical Desk Manager, and Elisha Frank as Operations Executive. Peninsula’s hybrid business model Both Mike and Elisha bring deep experience and are well-known to global customers for their knowledge and service delivery. Full operations will c...
ClassNK has granted its Innovation Endorsement for Products & Solutions to the ROV training simulator ‘FF Virtual’ developed by FINDi Co., Ltd. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative functions. The detailed information is availab...
SAE is pleased to announce it has received the penultimate milestone payment of £1.5 million under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of £9.8 million. BESS project development The land is being used for a 460MWh (230 MW) BESS being constructed by Uskmouth Energy Storag...
Cattewater Harbour, Plymouth has enjoyed a bumper year of visiting vessels, playing host to a diverse range from historic ships to luxurious superyachts and new and returning cruise lines. Tens of thousands of visitors have disembarked at the Barbican Landing Stage, arriving into the historic heart of the city. Its strategic location and modern facilities make it an ideal berthing option. Notable visiting vessels Some notable visiting vessels this year have included: PS Waverley &nda...
ClassNK has granted its Innovation Endorsement for Products & Solutions to a cable transit sealing management system, ‘Roxtec Transit Operate™, developed by Roxtec International AB. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative fun...
Norway-based maritime technology business, Shipnet, has launched a new podcast titled ‘Talking Ship’, as it looks to make topical industry discussions more digestible and open the doors of Shipnet to wider audiences. Available on Apple and Spotify, Shipnet’s first episode ‘Data-driven shipping efficiency’ features Head of Customer Experience - John Wills and Marketing Director - Jenny Duffy, who join the podcast Host and 20-year Broadcaster, Zoe Hanson, to di...
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...
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,...
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...
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...
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...
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...
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...
A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalisation, if it enables innovation and new technologies. The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing, and healthcare. Cybersecurity risk The industry’s increasing appetite for cyber risk c...
Oceania Cruises, the world's renowned culinary- and destination-focused cruise line, has unveiled the second swathe of its 2026 Collection of Voyages which are available to book from November 13, 2024. Travelers can choose from more than 60 new enticing itineraries, including 17 Grand Voyages, across the Caribbean, Asia, Africa, Mediterranean, and Northern Europe, aboard three of Oceania Cruises' smallest ships, Nautica, Regatta, and Sirena, which carry just 670 guests each. Oceania Cruises&rs...
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