Finance - News

Wärtsilä ANCS, part of the technology group - Wärtsilä, launches a new digital platform, NACOS Connect, for commercial use after five years of careful development, rigorous testing, and extensive customer trials. NACOS Connect is a comprehensive solution designed to empower end customers to optimise the functionality and maintainability of their onboard NACOS systems. The platform offers a wide range of features designed to meet the ever-changing needs of the industry. NACO...

Accelleron customers will gain easier access to data-driven performance improvements and cost reductions, due to a new partnership with maritime data platform provider - BEMAC. Under the agreement signed with Accelleron’s Japanese joint venture company - Turbo Systems United, data gathering and transmission for Accelleron’s digital optimisation solutions and data-enabled service agreements will be automated within BEMAC’s MaSSA-One platform. A ship that never stops Accellero...

SAFE Boats International and Hefring Marine have announced a formal partnership between the companies, combining SAFE Boats’ focus on durability, safety and performance with Hefring Marine’s intelligent tools for crew welfare, efficiency and vessel lifecycle management.  With over 1,000 nautical miles of Hefring Marine IMAS (Intelligent Marine Assistance System) data recorded through various trials and demonstrations on the SAFE 35 MMI (Multi-Mission Interceptor), the companies...

DNV has presented HD Hyundai with a general approval for ship application (GASA) for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers.  In a world-first, HD Hyundai’s concept is fabricated with a fusion of carbon fibre-reinforced plastics (CFRP) with a tensile strength ten times greater than steel, significantly enhancing structural stability. Existing support structure The new system offers robust structural supports, enabling ind...

ClassNK has signed a joint R&D agreement with Nihon Shipyard Co., Ltd. (NSY) and IMC Co., Ltd. (IMC) to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large container ships. An anti-roll tank is a device designed to suppress the ship's roll by moving liquid, such as water, within the tank. Consideration for ART installation on large container ships is advancing due to the expectation of improving container loading efficiency by reducing roll motion and pr...

WEG is supplying five 1000kVA, 15kV dry-type transformers to Eskimó Ice Cream industry, a prominent company in the ice cream and popsicle segment in the state of Santa Catarina, Brazil. The transformers will be used in the substation and are essential to support the increased production capacity, playing a significant role in the customer's electrical infrastructure. Dry-type transformers Dry-type transformers are equipment that use ambient air as a cooling medium Dry-type transformer...

Easy to use and powered by artificial intelligence, Crewlinker’s web application makes it easy for crewing agencies, shipping companies and other employers in the maritime industry to find people in seconds, and with all the necessary competences. Seafarers can easily enter all their certificates and working experience to automatically create an in-depth resumé that helps them find jobs that fit their experience. Deckhands, engineers, navigators, technicians and officers in the mar...

Wärtsilä Gas Solutions, part of the technology group - Wärtsilä, will supply the Cargo Handling Systems for additional two new very large LPG carrier vessels to be built at the HD Hyundai Heavy Industries Co Ltd. in South Korea. The ships have been contracted by Norwegian ship owner Solvang.  The order follows a similar one placed in 2023 for five vessels being built in the same yard for the same owner. This latest contract was booked by Wärtsilä in Q1, 2024....

A new agreement has been signed to secure the future of Liverpool City Council in a major deal announced on Wednesday 3rd April between Global Ports Holding Plc (GPH) and Peel Ports Group. The agreement will see the world’s largest independent cruise port operator operate services at Liverpool Cruise Terminal for a period of 50 years. Crucially, it will see GPH invest some £25 million in upgrading the terminal’s infrastructure, improving its operational capability and helping...

The Francis Scott Key Bridge in Baltimore has collapsed, after it was struck by a container ship at around 1.35 am ET. The container ship involved is the Singapore-flagged Dali which can carry just under 10,000 TEU (20ft shipping containers) and was operating on a 2M alliance service between Baltimore and the Far East. Mass casualty event  Emily Stausbøll, Market Analyst at Xeneta – the ocean freight shipping rate benchmarking and intelligence platform, said, “Thi...

Accelleron’s Japanese joint venture company Turbo Systems United has signed a memorandum of understanding with marine systems provider Furuno Electric Co to cooperate in digital activities. The agreement, the first of its kind for the Accelleron group in Japan, will dramatically improve access to optimisation solutions and digitally enabled services in one of the world’s most important shipbuilding markets. Furuno has a pioneering position in the supply of marine radar systems, with...

Ulsan Port, a key maritime hub for Asia, has reaffirmed its pledge to environmentally friendly shipping practices by becoming a member of DNV Korea’s Decarbonisation Network. The Network unites technical executives and managers from various stakeholders in Korea's maritime industry. It consists of two groups: one comprises of major Korean yards (in total nine) while the other encompasses a diverse range of participants, including ship owners, managers, charterers, banks and research insti...

Samskip is pleased to announce the successful launch of their newest dedicated shortsea service between Rotterdam, Oslofjord and the UK. This announcement comes after the successful departures of the first three vessels from Samskip’s Matrans Terminal, Rotterdam, en route to Norway, with all operations proceeding flawlessly. They attribute the seamless service thus far to the teamwork from all their partners and the continuous support from their esteemed customer base. New service includ...

Autonomous vessel experts and artificial intelligence (AI) pioneers behind the first full-size unmanned research vessel to conduct scientific experiments while autonomously navigating across the Atlantic Ocean have announced their plans to launch the world’s first fully autonomous uncrewed surface vessel (USV) fleet for long-term lease or charter. The owners behind the company, Zero USV, a collaboration between the founders of Marine AI and MSubs, aim to have the first vessels fully teste...

Peel Ports Group, the UK’s second-largest port operator, has announced E.ON as one of its net-zero partners, helping to meet its goal of net-zero emissions by 2040. Roof-mounted solar energy system As the first of several projects, plans have been announced to install the UK’s largest roof-mounted solar energy system at the Port of Liverpool, alongside a future project to repower the existing wind turbines on the banks of the River Mersey with fewer, larger turbines. This is...

DNV has established a Tanker and Bulker Expert Team based in Shanghai, China. With strong global demand and fleet renewal planned, DNV is well prepared to support customers in these key segments. For tankers, strong demand in oil and oil products and changes in trading patterns have led to a growing demand for tankers. While in the bulker segment, fleet renewal, modernisation, and a focus on decarbonisation and cybersecurity are driving investment in new vessels. Full range of maritime discipl...

MAN Energy Solutions has announced the production of a massive Cluster 5 Double Layer SCR (Selective Catalytic Reduction) catalytic converter for customer, MITSUI E&S Co., Ltd.. The cluster comes ammonia-ready and is the largest such unit that the company has ever built. Such systems are typically used aboard cruise ships and cargo ships to reduce nitrogen oxide emissions by 90%. Cluster 5 Double Layer Dr. Daniel Struckmeier, Head of Sales & Licence Turbochargers & Exhaust Gas...

Damen Marine Components (DMC) has been contracted to supply rudder systems for four Pure Car and Truck Carriers (PCTC), each capable of carrying up to 9,200 CEU (car equivalent units). The vessels are being built at China Merchants Jinling Shipyard (Jiangsu) Co., Ltd and China Merchants Heavy Industry (Jiangsu) Co., Ltd for their client BYD Auto, China’s largest manufacturer of electric and hybrid vehicles. When launched, the PCTCs will be the largest of their class in the world.  A...

After having performed a successful upgrade to BruCon DP2 for the vessel - Stril Mar in January, Simon Møkster Shipping and Brunvoll have signed contracts for upgrade of two more vessels: Stril Mermaid and Stril Mariner. In addition to replacing the existing DP2 systems for the two vessels, Brunvoll will also replace the current propulsion and thruster control systems, as well as the independent joystick system. The systems will be replaced with Brunvoll's BruCon DP2, BruCon PTC (Propuls...

Under Zero-Emission Accelerating Ship Finance (“the Program”), which is jointly operated by Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the ammonia carrier “GAS INNOVATOR” (IMO No. 9958688), which was designed and built based on the basic certification for ammonia-fuel-ready ships and is owned by IINO Kaiun Kaisha, Ltd. (IINO Lines). Development Bank of Japan Inc. (DBJ) provided financing to IINO Kaiun Kaisha, Ltd. (IINO Lines). Comprehensive sco...

Despite mandatory international and national regulations on the transport of dangerous goods, these goods continue to be mis-declared or not declared, driving an alarming increase in ship fires. Addressing the need for improved safety measures, the World Shipping Council (WSC) is developing the Cargo Safety programme and is pleased to announce that the National Cargo Bureau (NCB) has been selected as the independent provider for the Cargo Safety programme digital platform. Safe...

The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonisation Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022. The assessment applied MTF’s recently updated framework to an expanded set of eight fuels, including fossil LNG, fossil MGO combined with c...

On 16 May 2024, maritime industry professionals will gather once again at the De Vere Grand Connaught Rooms, London, for the Royal Institution of Naval Architects’ (RINA) highly anticipated Annual Dinner. The RINA Annual Dinner is a cornerstone event that garners widespread institution members and the wider maritime industry alike. In 2023, the occasion hosted more than 80 esteemed companies and 300 distinguished guests. RINA Annual Dinner 2024 Sponsored by Shipglide and Burner Fire Con...

Valenciaport reinforces with Brazil its commercial services and its actions in the field of sustainability and training in the framework of the ‘Intermodal South America’ fair. The commercial team of the Port Authority of València held working meetings with logistics and supply chain representatives at what is the pioneering trade fair for the sector in Latin America. In addition to their participation in the Fair, the representatives of the Port Authority of Valènci...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a Smart Ship© Hub, developed by Smart Ship© Hub Digital. Smart Ship© Hub is described as an easy & quick to deploy remote vessel management platform for safety, reliability and operational efficiencies. ClassNK verified its functions ClassNK has verified its functions, 1. Condition and health monitoring of the machinery, 2. Pattern recognition of the machinery’s operation data to determine...

LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, announced that it has acquired a 49% stake in Cai Mep LNG Terminal located in the Vũng Tàu district in South Vietnam. Fully constructed, the CaiMep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam. Cai Mep LNG Terminal The Cai Mep LNG Terminal has pipeline connectivity to Vietnam's largest power generation complex,...

Hitachi Zosen Corporation and Nippon Yusen Kabushiki Kaisha are pleased to announce that the jointly proposed 'Development of N2O Reactors for Ammonia-Fueled Carrier' has been selected by the New Energy and Industrial Technology Development Organisation (NEDO) as a 'Next Generation Ship Development' which was additionally invited in November 2023 as a part of Green Innovation Fund Project (hereinafter 'GI Fund Project'). In July 2023, the International Maritime Organisation (IMO) set a target o...

MacGregor, part of Cargotec, has received a large order for three cranes that will be installed onboard a state-of-the-art cable layer due delivery from global shipbuilder - VARD.The contract has been booked into Cargotec's first quarter 2024 order intake, with crane supply scheduled for the third quarter of 2025. Crane and OnWatch solution MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane, a 20T Offshore crane, and a 3T deck crane to Prysmian, to equip the Italian owner&...

March 1st marked the date when Samskip took the next step in its strategic Baltic Sea development by increasing service capacity and adding the port of Klaipeda to its network. The extended service follows the successful establishment of Samskip’s dedicated Baltic Sea shortsea service in November 2023. Since its kick-off, the Samskip Baltic Sea service has provided market-pioneering scheduling reliability supported by unrivaled customer experience. Samskip’s owned truck fleet As p...

U.S. Flag Ships should be preparing to be fully compliant with SAFER SEAS ACT of 2023 by December 31, 2024 or next drydock.   If the following criteria apply to the vessel(s), Mackay Marine has a vetted, customised solution - the MD5000 Safer Seas Package, to ensure the ships will meet the equipment monitoring & recording requirements to avoid attracting penalties. U.S. Flagged VESSEL CRITERIA: Commercial Oceangoing Non-Passenger Vessel (Excludes Fishing) ≥ 24 m Length (79...