Finance - News

As the shipping industry confronts its most complex decade yet – with decarbonisation, digital transformation and regulatory upheaval all accelerating – pioneers are being forced to rethink the fundamentals of their business. For global professional services firm PwC, that challenge presents both a mandate and an opportunity: to help clients sail through this transition not only with compliance in mind, but also strategic clarity and operational foresight. In a wide-ranging convers...

As the global shipping industry races to decarbonise and digitalise, Simon Fotakis, Director of Technology Sales at SmartSea, powered by SITA, and a Certified Information Services Security Professional (CISSP) is calling on the industry not to forget about the importance of cybersecurity. Despite increasing digital integration, the maritime sector remains highly vulnerable to cyber threats, many of which target poorly protected onboard IT systems rather than core navigation or pr...

Technology group Wärtsilä will supply its Wärtsilä 20 main engine and selective catalytic reduction (SCR) system for a new 40.9-metre long state-of-the-art fishing vessel, specifically designed for lobster fishing. The vessel, which will operate in North Atlantic waters, has been ordered by Canadian operator Clearwater Seafoods and will be built at the Hvide Sande Shipyard in Denmark. The order was booked by Wärtsilä in Q2 2025.  Services for the fi...

With Nor-Shipping 2025 just around the corner, Euronext Oslo Børs CEO - Øivind Amundsen shares why Oslo remains the exchange of choice for global shipping companies – thanks to its fast, flexible listings, maritime-savvy investors and a regulatory environment built for efficient capital-raising. When it comes to shipping finance, there’s one stock exchange that continues to punch above its weight – and it’s not in London or New York. “Shipping is part...

thyssenkrupp Marine Systems has a long and proven legacy of designing and delivering world-class frigates. Since 1980, 78 vessels have been delivered across 11 different classes, demonstrating deep expertise, innovation, and reliability in naval shipbuilding. Ulstein Group also brings a strong legacy in designing the most advanced marine platforms for demanding operations. With decades of experience in offshore and specialised vessels, Ulstein is known for innovation, safety, and performance in...

Multraship Towage & Salvage has opened its new head offices at the Middenhavendam location in Terneuzen this afternoon.  Located immediately alongside the Scheldt River, it houses offices, a warehouse, the 24/7 dispatch centre, and a simulator training centre. All with direct access to a private wharf, working area, and berths for part of the family company’s fleet. Opening ceremony “This is a milestone in the ongoing development of Multraship,” says Managing D...

CLdN unveiled one of its newest vessels during a naming ceremony at the Liverpool Cruise Port yesterday, marking its longstanding partnership with Peel Ports Group to regenerate dock infrastructure. The MV Seraphine is part of CLdN’s advanced fleet of larger vessels designed to carry more cargo, while significantly reducing carbon emissions. Partnership with Peel Ports Group CLdN highlighted its ongoing partnership with Peel Ports Group to renovate Brocklebank Dock As part of the celeb...

As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside.  Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250 million, according to a recent analysis by maritime data and compliance firm OceanScore. “FuelEU isn’t just another penalty,” said Albrecht Grell, Managing Director at OceanScore. “It’s structured in a way that can push money b...

The Maritime Standard has confirmed the programme for the third edition of the Transportation and Climate Change Conference (TACCC), which will take place on Thursday, 25th September 2025, at the Saadiyat Rotana Resort in Abu Dhabi, UAE.  Building on the momentum of previous editions, TACCC 2025 will once again bring together key industry players from across the transport spectrum to explore practical steps toward achieving sustainable, low-carbon transportation systems. Climate goals acr...

A routine ship on a special call, outside the normal liner schedule, turned into a costly oversight for a liner agent, resulting in unexpected expenses of US$135,000 – ultimately reimbursed by the International Transport Intermediaries Club (ITIC). The incident began when a liner agent received advance notice of an inbound vessel scheduled to make a special call outside the regular service pattern. Ship’s arrival at the discharge port Line informed the agent of a three-day delay i...

On 22 May 2025, maritime industry professionals from around the globe will come together at the prestigious De Vere Grand Connaught Rooms, Covent Garden, for the Royal Institution of Naval Architects’ (RINA) flagship Annual Dinner. This highly anticipated event offers an evening of celebration, reflection, and strategic dialogue for naval architects, marine engineers, and maritime innovators. New partnerships and relationships The dinner provides exceptional networking options with seni...

Anemoi Marine Technologies, a globally renowned provider of innovative Rotor Sail technology solutions, has announced the appointment of Tejal Davda as Finance Director. Tejal brings a wealth of experience in maritime finance and leadership, further strengthening Anemoi’s executive team, which is now 33% female. Extensive industry experience Tejal holds a first-class degree in Economics and Business Finance and is a chartered accountant Tejal holds a first-class degree in Economics and...

Orca AI, a pioneer in maritime technology, announced it has closed an investment of $72.5 million in Series B funding. Brighton Park Capital led the round with participation from existing investors Ankona Capital and Hyperlink Ventures.  The investment will enable Orca AI to further its autonomous platform, add new capabilities and enter new categories, including defense and security. Autonomous shipping capabilities The funding will maintain the company’s...

Helm Operations, a global pioneer in maritime operations software, is proud to announce that it has been awarded a major contract by Washington State Ferries (WSF) to replace its legacy crew dispatching system with Helm CONNECT - a modern, web-based solution purpose-built for maritime operations. As the largest ferry system in the United States, Washington State Ferries operates 21 vessels across 10 routes and 20 terminals. Helm CONNECT’s dispatching platform will transform WSF&rsquo...

Watson Farley & Williams (“WFW”) is pleased to announce that maritime disputes expert - Andrew Rigden Green has joined the firm as a partner in Hong Kong. He was previously at Stephenson Harwood in the same city. Andrew has over 20 years’ disputes experience having begun his career focussing on arbitration and London High Court litigation. In 2012, he relocated to Hong Kong to grow Stephenson Harwood’s maritime disputes practice and establish its international arbitr...

Marine Specialised Technology (MST Group), a globally renowned designer and manufacturer of high-speed and rigid inflatable boats (RIBs) primarily for military, coast guard and law enforcement sectors is expanding to meet record demand after securing a £6 million funding package from NatWest. Founded in 2002 and headquartered in Bromborough, between Ellesmere Port and Birkenhead, the company has grown to become a major employer in the Wirral area, with approximately 135 staff. MST Group&...

Gastech 2025, the world’s largest conference and exhibition for natural gas, LNG, hydrogen, climate technologies, and AI-powered solutions, will take place in Milan from 9th to 12th September. As the industry navigates an evolving geopolitical and economic landscape, this agenda-setting event will gather and empower over 50,000 energy pioneers - including C-suite executives, policymakers, pioneering innovators, and strategic investors - to build powerful alliances and accelerate a resilie...

Wattlab, the Netherlands-based maritime solar specialist, is proud to introduce its SolarDeck to the seagoing shipping industry. SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via Fuel EU Maritime and EU ETS regulations and an expected return on investment of 3-5 years. Reduce fuel costs for...

Xeneta has launched an index-linked contract (ILC) simulator to help shippers navigate ocean freight container market volatility and end procurement inefficiency. The new ILC Simulator – now available in the Xeneta platform – allows shippers to compare traditional fixed-rate contracts with index-linked contracts using sample corridor data or their own historical ocean container freight rates. Shippers and logistics services The simulator is an important first step towards index-li...

VIKING uses a test tower facility to perform onshore full-scale testing of free-fall lifeboats, as required by DNVGL-ST-E406. This avoids the complexity and risk of testing from offshore installations. And the approach is recognised by classification societies and national authorities. Onshore testing to offshore activities The onshore tower facility is increasingly engaged by construction yards that wish to receive fully tested equipment that is ready to be installed on the platform or vess...

VIKING Norsafe rescue boats are used every day by thousands of operators in the oil and gas industry as well as the renewable energy sector. The design and construction of these boats showcase all of VIKING Norsafe's ability and experience. Our rescue boats and fast rescue boats provide great maneuverability with low maintenance standby and operation providing the means for effective search and recovery for people at sea. MERLIN-615 R and MAKO-655 MERLIN-615 R and MAKO-655 are available as bo...

In a major push toward decarbonising maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Centre (KMC) jointly announced the successful conclusion of the “2nd Forum on the Commercialisation of Biofuels for Maritime Vessels,” held on 23 April at the Caradium Hall of the PJ Hotel in Seoul. The forum, hosted by the Ministry of Oceans and Fisheries and co-organised by UPA and KMC, drew around 3...

Marinetrans, a global pioneer in logistics solutions for the maritime and offshore industries, has been awarded the project logistics contract for two Floating Liquefied Natural Gas (FLNG) vessel construction projects. The contracts, spanning from 2025 to 2027, have been awarded by  Black & Veatch, a Kansas (USA)-based renowned engineering and construction company specialising in energy infrastructure.  Under the agreement, Marinetrans will provide comprehensive project logistics servi...

On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal. The calculation of the fees has changed to a net tonnage-based fee (or for certain vessels, based on containers discharged or Car Equivalent Units). LNG transportation and vehicle carriers Specialised rules apply to LNG t...

The English Commercial Court (the “Court”) has provided helpful clarity on the extent of damages available to a claimant shipowner for the late redelivery of a vessel under a time charter where there is evidence that the owner of the vessel would have been unable to enter into a subsequent charter for the vessel. In such circumstances, only nominal damages will be recoverable, as no actual loss has been suffered. Background Hapag-Lloyd AG (the “Charterers”) entered i...

Collaboration between countries and sectors needs to strengthen as the North Sea undergoes a period of diversification, according to a new report from DNV.  North Sea Forecast: Ocean’s Future to 2050 estimates that offshore wind will claim 9% of the North Sea space by 2050, and policies to promote cross-industry collaboration are required to ease spatial planning pressure. The North Sea hosts Europe’s busiest ports, produces most of Europe’s offshore energy, and is the ar...

Technology group - Wärtsilä is set to expand its state-of-the-art technology centre - Sustainable Technology Hub in Vaasa, Finland, with a €50 million total investment.  Expanding the R&D testing capabilities and facilities will enhance Wärtsilä’s ability to meet the growing demand for developing and delivering sustainable technologies in marine and energy and to support fuel applications needed in the future. Smarter engine development Wärtsil&aum...

Fincantieri and Viking announced the first cruise ship in the world to be powered by hydrogen stored onboard for both propulsion and onboard electricity generation, the “Viking Libra”. The vessel is currently under construction at the Fincantieri Ancona shipyard, with delivery scheduled for late 2026. Operating with zero emissions Designed with sustainability in mind, the ship will be capable of navigating and using with zero emissions With a gross tonnage of approximately 5...

Brunvoll expands its product range of tunnel thrusters with its largest thruster to date. This is a response based on trends seen in the cruise industry, where they build larger and larger vessels.  The first delivery of this new size is for three cruise vessels, where each vessel will feature four tunnel thrusters. The contract is with an undisclosed shipyard and shipowner. Powerful propulsion Brunvoll’s delivery for the vessels consists of a total 12 tunnel thrusters of the new F...

CIBC Innovation Banking announced that it has provided $10 million in debt financing to Sedna Communications Ltd, an Insight Partners-backed AI-powered workflow automation platform, which specialises in the global trade and supply chain market. The funding will drive AI innovation, expand platform integrations, and support sustainable growth to better serve Sedna’s customers. Maritime and supply chain Founded in 2017, Sedna helps maritime and supply chain businesses extract important da...