Finance - News

Allied Universal®, the world’s renowned security and facility services company, is proud to announce that its client, the Helen Delich Bently Port of Baltimore has received a top U.S. Coast Guard security assessment for the 15th consecutive year. Security assessment The assessment which included a detailed review of all security protocols and procedures is for the six state-owned, public marine terminals that are managed by the Maryland Port Administration (MPA). The U.S. Coast Guar...

After winning a 3-year contract for more than 80 vessels to VSAT, Iridium, and VoIP in 2021, Castor Marine’s connectivity contract has been renewed by Jan De Nul Group and includes a roll-out of Starlink to most Jan De Nul Group vessels. The experts in marine construction, civil engineering, and environmental projects have expressed their continued satisfaction with and need for solid vessel connectivity on a global scale.   Hybrid LEO GEO service With the addition of Starlink...

Opening up the world to a new era of global exploration, Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, welcomes guests on board its newest ship, Vista, for its highly anticipated inaugural 180-day 2026 Around the World voyage. Having set the standard for extraordinary sailings for over a decade with destination-immersive global journeys, Oceania Cruises sets a new bar with unparalleled comfort and convenience, electing Vista to host this year's circu...

Fincantieri’s Sestri Ponente (Genoa) shipyard in Italy is scheduled to take delivery of Thordon’s COMPAC open seawater-lubricated propeller shaft bearing system for installation to the second ship in Oceania Cruises’ Allura class, which is scheduled to join the Miami-based company’s fleet in 2025. The twin screw Oceania Allura will feature three COMPAC bearings per shaft to fit propeller shaft diameters of 510mm (20.7in). The same scope was supplied to the 67,000gt first...

Global logistics solutions provider Samskip and market pioneering shipyard Cochin Shipyard Ltd. India, have begun the construction phase of their Next Generation zero-emission shortsea container vessel-“The Samskip SeaShuttle”. Performed at Cochin Shipyard in India, representatives from both companies, government and partners enjoyed the pageantry of the official steel cutting ceremony initiating the first phase of construction of the Samskip SeaShuttle. Zero-emission operations T...

ABB has won an order with Portsmouth International Port to supply a shore connection solution for visiting ferries and cruise ships.  Shore power system Part of the UK port’s Sea Change project to design, build, and operate a shore power system across its three busiest berths, the installation will serve two ferry berths, each with five connection points and an additional berth shared by ferries and cruise ships. The order was signed in January 2024, with the system due for install...

From vast shipping containers to ocean-going yachts and uncrewed surface vessels, staying connected is more critical than ever. However, maintaining a robust data connection, on the move, can be a formidable task. Tristan Wood, founder of Livewire Digital, explores the power of hybrid networking and how it can help people and vessels constantly on the move to stay connected in even the most remote waters. Communication challenges Communication on the move can present many challenges, especial...

Founded in 1977 as the Earthforce Environmental Society to tackle elephant poaching in Africa, Sea Shepherd moved into marine conservation with the acquisition of its first ship in 1978. Since then, the international non-profit organisation has engaged in a variety of activities focused on protecting ocean wildlife and ending the exploitation and destruction of marine ecosystems. Mobile satellite connectivity Crucial to Sea Shepherd’s mission is reliable, high-speed mobile satellite con...

Poole Harbour Commissioners has been successful in its application to the Local Industrial Decarbonisation Plans Funding Competition, run by the Department for Energy Security and Net Zero, in collaboration with Innovate UK – UK Research and Innovation. The Local Industrial Decarbonisation Plans (LIDP) competition is providing up to £6 million in grant funding to support dispersed industrial manufacturers not located in the UK’s existing industrial clusters to decarbonise and...

The European Parliament’s Internal Market Committee (IMCO) adopted its report on the reform of the Union Customs Code (UCC). This core economic legislation determines the efficiency, resilience and competitiveness of the EU’s external border for trade. More than ever getting that right is vital for the EU’s businesses and citizens. Ninety percent of the EU’s external trade relies on shipping, making it vital that the UCC is well adapted to this strategic sector. UCC nee...

Developer of maritime battery systems EST-Floattech receives an investment of 4 million euros from the Energy Transition Fund Rotterdam and existing shareholders Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. This was announced by Chantal Zeegers, the Alderman for Climate, Building, and Housing in Rotterdam. The ‘Energietransitiefonds Rotterdam’ is the investment fund of the municipality of Rotterdam.  Lithium-ion battery systems EST-Floattech develops and produces...

Tasmania is poised to chart a new course in maritime innovation with the arrival of Ocean Infinity, a global pioneer in marine robotics. Thanks to support from the Government of Tasmania, the Australian island state is on the brink of entering a new era in safer, more environmentally sustainable marine operations.   Ocean Infinity, renowned for its groundbreaking ocean exploration and marine robotics solutions, is set to transform maritime operations across sectors including governmen...

Team Electric Group has earmarked Romania as a focal point for collaboration with domestic and regional shipyards, and as a new source of highly skilled electrical specialists to serve its continuing global expansion. The European turnkey engineering group recently formalised the basis for its activities in Romania by establishing Team Electric (Romania), with head offices in Galati. The new company brings together some well-known marine engineering professionals based in Romania, headed by Man...

The organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2024) has announced Fincantieri as the ‘Diamond Sponsor’ for its eighth edition, taking place from 4 to 6 March 2024 at the Qatar National Convention Centre (QNCC). Under the patronage of HH Sheikh Tamim Bin Hamad Al-Thani, Amir of the State of Qatar, DIMDEX 2024 is proudly hosted and organised by the Qatar Armed Forces and will be held in 2024 under the theme “Igniting t...

The Port of Rotterdam Authority will continue using clean fuel and energy for its vessels and emergency power facilities, such as radar stations. To this end, CEO and ad interim COO Boudewijn Siemons signed a new agreement with VARO Energy Group. In the Port Authority’s tender process for the cleanest usable energy carrier, VARO’s products came out best. Since 2018, the port of Rotterdam has been using VARO’s HVO100 (100% Hydrotreated Vegetable Oil) for its fleet. This biofuel...

Total decarbonisation is the essential goal for Valenciaport. This was the main message conveyed by representatives of the Port Authority of Valencia (PAV) to the professionals present at the eMobility World Congress, the international mobility fair hosted by Feria Valencia from 13 to 15 February. In their speeches, Raúl Cascajo, head of Environmental Policies of the PAV, and Juan Manuel Díez Orejas, head of Innovation of the PAV, described the infrastructures and projects underwa...

The global shipping regulator, the UN International Maritime Organisation, has set a target of net-zero carbon emissions by 2050 for the industry, and now needs to develop climate regulations by 2025 that make it possible to reach that target. A core challenge is how to craft a global greenhouse gas pricing regulation that can bridge the price gap between the cleanest fuels and fossil fuels, driving investments in green fuels, without imposing an outsized cost on the global economy. As member...

The latest addition to Amer Shipping's fleet in Raamsdonksveer is the dry-cargo vessel 'Adriana Maria', a multi-purpose ship, even at low water levels. This is thanks to the innovative 'CDS 110' hull design by Concordia Damen and based on the Parsifal tankers previously developed by the yard. The 110-metre vessel can also carry 200 tonnes more cargo compared to similar vessels.  'CDS 110' hull design During the official sea trial on 8 February, the high expectations were met: the hull de...

Regional cluster organisation, Mersey Maritime, are delighted to announce the appointment of Phil Waterhouse as their new Chairman. The Group Corporate Affairs Director for APCL, and former Royal Navy Regional Commander for Northern England, has stepped up from Board Member to Chairman following the departure of former Chair, John Hulmes. Service and logistics expertise With an illustrious career background, Phil brings unparalleled experience and leadership to the helm With an illustrious...

The purchase of the Irish Navy’s biggest ship in its history, which will respond to humanitarian crisis, is set to move a step forward as information documents are to be issued across an EU platform. The project has been in planning in the Department of Defence for many years, but stepped up a gear with the recent Commission on the Defence Forces. Sources have said the ship is anticipated to have a helicopter landing area on board, as well as other possible facilities, such as a roll-on-r...

International Marine Contractors, Leask Marine Ltd have taken ownership of their latest new vessel, MV ‘C-HORIZON’, a Neptune Marine built DP 1 EuroCarrier 2611. The vessel is 26 m long, 11 m wide and is a Tier III compliant vessel specifically designed for a diverse range of roles supporting the offshore marine renewable sector. Leask Marine acquires DP 1 EuroCarrier 2611 vessel Douglas Leask, Managing Director of Leask Marine Ltd said “We are particularly pleased to have p...

In a joint effort between the United Kingdom and the United States, the UK Ministry of Defence’s Salvage and Marine Operations, or SALMO, the unit successfully conducted a survey of the historic World War One wreck of USS Jacob Jones (DD-61). The operation carried out at the behest of Naval History and Heritage Command, or NHHC, and with pivotal support from the U.S. Embassy in London, led to the recovery of a key artefact—the ship's bell. USS Jacob Jones, sunk by German submarine&n...

Todd Weatherby (58) has been appointed as Chief Executive Officer (CEO) of Siemens Advanta, leading the professional services and consultancy business as of March 1, 2024. Todd has held leadership roles in product management, business development and sales with several technology companies including Oracle, Microsoft and Amazon. He launched Amazon Web Services ProServe and led its impressive growth for a decade from 2012. Deep expertise in the professional services space Cedrik Neike, CEO Si...

Gibdock, a pioneering ship repair yard, is proud to announce the appointment of Mr. John Barnard to its team. With over 15 years of experience in the ship repair and ship building industries, John's wealth of knowledge and leadership will play a pivotal role in advancing Gibdock's capabilities. A graduate from the University of Southampton with a Masters degree in Ship Science in 2008, John began his career as a Naval Architect at Cammell Laird in the UK. His journey in the maritime sector has...

Tokyo-based classification society, ClassNK has introduced e-learning courses offered through its training and education service, ‘ClassNK Academy’. The courses are designed to impart foundational and technical knowledge essential for professionals and stakeholders in the shipping and shipbuilding industries. The initiative begins with four key courses. The introductory course delivers a broad overview of the shipping and shipbuilding sectors, suitable for newcomers to the industry....

Seabound, the UK-based pioneer in carbon capture solutions for the shipping industry, has successfully tested its novel carbon capture technology on a commercial container ship. This development is a much-needed step in accelerating the decarbonisation of the shipping industry. This sector currently contributes to ~3% of global emissions and is considered one of the hardest to abate.  Calcium looping The successful pilot marks a turning point in Seabound's mission to tackle the climate c...

Construction has begun on a new Applied Shipbuilding Academy at BAE Systems’ Scotstoun shipyard on the banks of the River Clyde in Glasgow. The Academy will comprise of a Modern Trade Hall and a Flexible Learning Hub. The Academy will support the development of the entire workforce, from apprentices to senior leaders, and forms part of the Company’s ongoing commitment to develop future talent. New Applied Shipbuilding Academy in Glasgow A historic industrial building will be retro...

Major retail industry figures are urging the sector to import goods via UK ports closer to their end destination, in a bid to reduce carbon emissions and inefficiencies across the country’s supply chain. The call comes as 90% of deep-sea containerised cargo enters the UK via southern ports, despite 60% of these goods being destined for the north. This creates the need for long road journeys, across UK roads, to get retail cargo to its end destination, generating significant greenhous...

Bolidt has secured its first order to supply and install decking and flooring for the Japanese cruise and ferry market, after a breakthrough order covering the NYK Cruises ship - Asuka III. Currently under construction at Meyer Werft’s shipyard in Papenburg, Germany and due delivery in Q2 2025, the 229-metre length Asuka III was the first cruise ship ordered following the onset of the COVID-19 pandemic. Accommodating up to 744 guests, the luxury ship will run on liquefied natural gas and...

At a recent ceremony in Copenhagen, MAN Energy Solutions and C.C.JENSEN (CJC®) – the global company in oil maintenance – signed a cooperation agreement regarding the promotion and sales of CJC products by MAN PrimeServ, MAN Energy Solutions’ after-sales division. Kim Kjaer, Global Segment Manager, signed the agreement on behalf of CJC; while Serghei Nastas, Head of PrimeServ Omnicare, Marine & Power, represented MAN Energy Solutions. C.C. JENSEN and MAN Energy Solutio...