Prime movers News

The push towards decarbonisation is slowing down rather than speeding up. With ambitious global goals looming ever larger on the horizon, what can they do to re-invigorate collective efforts? And profit from that push?   Ahead of next year’s Nor-Shipping, Knut Ørbeck-Nilssen, CEO Maritime DNV, says efficiency, timing and people are critical to “getting this show on the road.” Reduction by 2030 The scale is the IMO goals of a 20% emissions reduction by 2030, a 70%...

From 23-25 October 2024, the international maritime exhibition Europort Istanbul celebrated its long-awaited return to reconnect national and international shipping companies, shipbuilders, equipment & service suppliers. This 7th edition was held in the modern facilities of Yenikapi Expo Centre on the European side of the Marmara Sea and hosted more than 400 exhibiting companies from 35 countries.  International vibe The international vibe was also reflected by the various country p...

bound4blue has consolidated its position at the forefront of shipping’s revolution with a landmark contract with Maersk Tankers. The agreement is the largest wind-assisted propulsion system (WAPS) agreement for bound4blue to date, with 20 of the company’s type-approved eSAIL® suction sails to be installed on five MR tankers in 2025 and 2026. Turnkey efficiency Maersk Tankers identified the eSAIL® as a solution of choice in partnership with green technology catalyst Njord,...

Strategic Marine is delighted to announce the signing of a significant contract with Mainprize Offshore for the construction of six state-of-the-art Supa Swath vessels, with an option for an additional six vessels. Memorandum of Understanding This agreement follows the Memorandum of Understanding (MoU) signed at Seawork in June, Europe’s largest on-water commercial marine and workboat exhibition and the recent deliveries of MO10 & MO 11, the latest additions to the Mainprize fleet ea...

Global safety solutions provider - VIKING Life-Saving Equipment and firefighting systems supplier - FAIN Co., Ltd. have signed an exclusive worldwide agreement for VIKING to provide certified services for marine fire systems and equipment delivered and installed by FAIN. FAIN supplies the full spectrum of firefighting systems for marine use, including CO2, foam, DP, water mist, sprinkler, alternative gases, and more. Headquartered in Yangsan, South Korea, the company is a major supplier to ship...

Maritime industry pioneers from the U.S. and Canada traveled to ABS’ World Headquarters to discuss the latest marine market trends in emerging ammonia, hydrogen, and carbon economies, offshore renewables, and nuclear energy. Cutting-edge academic research, technology, and sustainability initiatives were also highlighted at the annual ABS North America Regional Committee. Safety and high performance "We believe there is a high correlation between organisations who embrace safety and high...

Fincantieri and Crystal, the pioneer in exceptional cruise experiences, announced the finalisation of an order for the construction of one state-of-the-art high-end cruise ship, following the exercise of the option granted under the two-unit agreements disclosed to the market on June 27. The value of this agreement, subject to financing and other terms and conditions, is considered as large. Interior designs The ship will feature all-suite accommodations, with private verandas The new u...

The aim of the recently agreed cooperation between the two German technology companies AVAT and Kompressorenbau Bannewitz GmbH (KBB) is to make turbocharger technology for large combustion engines even more powerful and efficient through digitalisation. Turbochargers are a key factor for the performance and efficiency of internal combustion engines used in ships and stationary power plants for energy generation. Innovative digital solution New hardware and software will be able to collect and...

Wärtsilä Gas Solutions, part of technology group - Wärtsilä, will supply Nordic energy company - Gasum with biogas upgrading and liquefaction solutions for their new bioLNG plant. The plant will produce high-quality bioLNG from agricultural and organic household waste. The order was booked by Wärtsilä in Q4 2024. When operational, the Wärtsilä offering will be capable of producing 25 tons of bioLNG per day. bioLNG is formed by purifying biogas to high-qua...

San Francisco-based maritime technology company - Sofar Ocean announces a partnership with the U.S. Naval Meteorology and Oceanography Command’s (CNMOC) Fleet Weather centres in Norfolk (FWC-N) and San Diego (FWC-SD).  Wayfinder platform FWC-N and FWC-SD, the Navy’s two primary weather forecasting centres, are piloting Sofar’s Wayfinder platform to support the routing of naval vessels at sea. The FWCs are utilising Wayfinder to identify safe and efficient route options...

Peters & May Commercial, also Commercial Marine Transport (CMT), a provider of global commercial shipping and logistics solutions, is proud to announce the launch of its new, dedicated website. This launch comes in recognition of the commercial department's substantial growth since Peters & May first invested in the sector in 2016, aiming to better the customer experience and showcase its service offerings. New website Offering a tailored platform for all commercial clients and prospe...

Strategic Marine is pleased to announce a new contract with OEG Renewables, part of the OEG Energy Group, for a next-generation Crew Transfer Vessel (CTV) for Taiwan. This vessel, named Wey Feng, will be the fourth StratCat 27 that Strategic Marine is building for OEG—a testament to OEG’s confidence in our vessels and our ongoing commitment to supporting their offshore operations across the Asia Pacific. Offshore wind sector The Wey Feng is a BMT-designed, 27-meter alumi...

Longstanding marine power solutions expert, Fischer Panda UK has recently enhanced its portfolio with the latest power technology innovation from Integrel Solutions. Integrel Solutions’ system, an advanced e-power system for the marine sector, revolutionises the way vessels are powered, offering an efficient and environmentally friendly alternative to traditional power sources. Range of marine applications This solution is ideal for a wide range of marine applications, including leisure...

Lloyd’s List has been the trusted source for news and intelligence about the global shipping industry for nearly 300 years. Now its award-winning journalism and expert analysis are available instantly, anywhere, with the launch of the new Lloyd’s List App.  Available on the App Store for iOS users and Google Play store for Android devices, the new Lloyd’s List App has a suite of customisable features to keep users connected to the trends, issues and events that matter in...

In a strategic move to become a complete service provider while enhancing the level of support delivered to the crane, marine, and offshore industries, lifting solutions specialist - Hendrik Veder Group UK has announced a new cooperation with an England-based load test expert.  New regional service This new agreement will see the Scottish branch of Hendrik Veder Group UK diversify its output by offering a new regional service for the longstanding firm, via the distribution and l...

Dutch startup - SeaO2, specialising in innovative carbon (CO2) removal technology from seawater, announces receiving €2+ million in new investments. DOC technology Utilising its breakthrough Direct Ocean Capture (DOC) technology, which efficiently extracts CO2 from seawater, SeaO2 aims to mitigate climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO2 from the atmosphere. This funding will accelerate the development of its pioneering technology an...

A subsidiary of Klaveness Combination Carriers ASA has entered into an agreement with the builder of the CABU III newbuildings, Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd, to install its first ever Wind Assisted Propulsion System (WAPS) with two bound4blue eSAILs® suction sails on the third CABU III newbuilding for delivery in Q3 2026. The newbuild will be one of the first tanker/dry bulk vessels to feature bound4blue’s cutting-edge WAPS te...

The European Space Agency (ESA) has initiated a new flagship project, Decarbonisation through the Digitalisation in Shipping (DECARDIS), together with optimisation platform company Awake.AI, technology pioneer ABB and shipping company Wallenius Marine. The consortium, funded by ESA and led by Awake.AI, will collaborate on a port call optimisation solution, which focuses on helping ships cut greenhouse gas emissions by overcoming inefficiencies in the ship-port interaction.  Smart ship te...

Global HR, payroll, and crew management software specialist - Adonis, under the Ripple Operations brand, has entered into a strategic marketing partnership with Certus Online, a globally renowned provider of maritime booking and operational solutions, to enhance their combined service offerings for the maritime industry. The agreement marks a significant step towards providing seamless, integrated solutions for maritime operators. Adonis’ HR systems Certus Online’s Booking Platfor...

Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was USD 5,864 million, up 65% from the same quarter of the last year, with a net profit of USD 1,999 million (YoY +USD 1,812 million). The Asia-North America and Asia-Europe trades have experienced strong demand, driven by consistent consumer demand and an early peak season in July and August. In addition, early shipments in the North Ameri...

Cummins Inc., a global pioneer in power solutions, will exhibit its latest marine technologies at the International Workboat Show 2024, in New Orleans, from November 12-14, 2024.  QSK38 EPA Tier 4 solution Visitors to Booth 3001 will have the opportunity to examine the QSK38 EPA Tier 4 solution, designed with repower flexibility in mind.  This innovative engine provides clean power in a compact package, leveraging trusted technology that operators can depend on for their fleet. Dur...

Technology group - Wärtsilä has introduced its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine. While operating on liquefied natural gas (LNG), the NextDF feature reduces methane emissions to less than two percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. What’s more, the nitrogen oxide (NOx) emissions are lower than on the standard Wärtsilä 25DF engine, which already has low emission levels bel...

ClassNK has issued an approval in principle (AiP) for a 30,000 m3 LNG carrier equipped with two Mark III Flex membrane tanks, developed by GTT. The vessel’s ballast tank design and ballasting operations allow for the elimination of filing limits, enhancing operational flexibility. The AiP demonstrates the feasibility of this design concept. LNG carrier In LNG carriers with membrane tanks, filing limits are often required based on the strength assessments against sloshing loads, which ca...

DNV has awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for its 15K TEU ammonia dual-fuelled container vessel design. This milestone follows the successful completion of a joint development project aimed at addressing the challenges associated with using ammonia as a marine fuel. Ammonia as a marine fuel The project focused on developing cutting-edge designs to enhance safety, including an optimised ammonia tank design, advanced fire safety systems, enhanced amm...

ClassNK has issued an Approval in Principle (AiP) for the Autonomous Navigation Assistance System - ‘SAS’ developed by Samsung Heavy Industries, Co., Ltd. Samsung Autonomous Navigation Assistance System (SAS) is a partially Autonomous Navigation System (ANS) including the functions of situational awareness through sensor fusion and electronic navigational chart information, collision and grounding risk assessment, and collision and grounding avoidance. Design, installation, and mai...

The Baltic Exchange has launched a Know-Your-Customer (KYC) platform to give the maritime sector greater access to company data to support informed decision-making and meet increased regulatory obligations. KYC platform KYC is a regulatory requirement in the banking and financial services sectors to ensure businesses do their due diligence on customers to prevent fraud, money laundering, and terrorism financing. With shipping a vital part of global commerce, the need to manage the risk of fra...

The Brun Bear Foundation, a registered charity established by Edwin Lampert, executive editor of Riviera Maritime Media, is pleased to announce the launch of “Mealtimes With My Maritime Friends.” This unique cookbook celebrates the global maritime community while raising funds for important causes. Featuring 60 inspiring recipes from around the world, contributed by prominent figures in the maritime industry, this book offers a taste of maritime culture alongside the personal storie...

SRT Marine Systems plc (SRT), a global provider of maritime domain awareness systems and technologies for security, safety, and environmental protection, is pleased to announce that it has agreed a substantial investment and short-term finance bridge support package from existing shareholder Ocean Infinity (OI), worth approximately £31 million.   Finance support package This new financing allows SRT to immediately satisfy the need for the substantial performance bond required under...

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Inmarsat Maritime, a Viasat company, are pleased to announce that “K” LINE will conduct a trial of Inmarsat Maritime's new bonded network service NexusWave on “K” LINE's fleet. NexusWave seamlessly integrates multiple high-speed networks in real-time to enable high-speed, always-on ship-to-shore communications, thereby enhancing digitalisation of ship operation and environmental response, as well as the welfare of se...

INTERCARGO, the International Association of Dry Cargo Shipowners, has announced significant changes to its leadership following its Annual General Meeting. The new appointments will take effect from 1 January 2025. In recognition of their distinguished service, Mr. Dimitrios Fafalios has been appointed Honourary Chairman following six years as Chairman. Mr Fafalios, President of Fafalios Shipping S.A., has led INTERCARGO through significant developments in the shipping sector since 2019, havin...