Finance - News
ABS is expanding its footprint in Western Australia, establishing a physical presence in Port Hedland, a key trading zone for dry bulk minerals in the Eastern Hemisphere. The new site joins other ABS locations in Perth, Cairns, Brisbane, Sydney, and Melbourne. Port Hedland Port Hedland, the world’s largest iron ore export port, is located in northwest Australia's Pilbara region. The area is making substantial investments to support the energy transition to meet net-zero emissions goals....
Wärtsilä Water & Waste, part of the technology group - Wärtsilä, announces a new partnership with DHL Supply Chain, which will see DHL manage the business's warehouse and logistical operations for spare parts. The partnership will further optimise Wärtsilä Water & Waste’s supply chain and build operational capabilities in preparation for the sale of the Water & Waste business line from the corporation. Strategic goals The transition aligns with...
Delkia has led the Encompass group of nine companies, many small-medium sized enterprises, in a major contract win from the Ministry of Defence to supply technical and post-design services to marine systems support globally for the Royal Navy Surface Fleet. Framework arrangement The support contract is a framework arrangement and activities likely to be delivered as part of this include design revisions, reverse engineering, interoperability studies equipment trials, etc. In addition, the grou...
Technology group - Wärtsilä has signed a contract with Norwegian shipowner - Eidesvik to supply the equipment for the conversion of an offshore platform supply vessel (PSV) to operate with ammonia fuel. The vessel, ‘Viking Energy’, which is on contract to energy major - Equinor, is scheduled for conversion in early 2026 and is expected to start operating on ammonia in the first half of 2026, becoming the world’s first ammonia-fuelled in-service ship. In additio...
In July, NPDL announced some changes to their shipping services for New Caledonia (Noumea) and Vanuatu (Santo and Port Vila). They will now be rolling these changes out indefinitely as outlined below. Their goal is to have improved operational efficiencies and better supply chains for New Caledonia and Vanuatu with the opportunity of improved frequency and transit times for the customers shipping from New Zealand and to the rest of the South Pacific. Recently upgraded network Operationally th...
Brabo, a major provider of pilot and port services in Antwerp, Belgium, has signed a deal with clean maritime technology company, Artemis Technologies, to bring an Artemis EF-12 Pilot boat into its fleet. Scheduled for delivery in late summer 2025, the introduction of the fully electric foiling vessel represents a forward-thinking shift for one of the world’s busiest ports, aligning with global efforts to tackle climate change and champion sustainable practices across the maritime industr...
Norwegian Cruise Line® (NCL), the innovator in global cruise travel, has open for sale additional cruises for its 2026 spring/summer season with more port-immersive Europe sailings across Northern Europe, the Mediterranean, and Greek Isles across eight ships, providing cruisers a variety of sailing lengths and embarkation ports to plan their dream European vacation; in addition to bucket-list itineraries through the South Pacific, warm weather summer voyages through the Western Caribbean, jo...
Iridium Communications announces that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer and Timothy Last as the new Executive Vice President, Sales and Marketing, each to b...
Kongsberg Maritime has achieved a significant milestone for the cyber security of its products with the completion of testing to comply with IACS UR E27, which is based on IEC 62443, including DNV Cyber Security Profile 1 certification. The testing covers a range of its digital products, including automation, navigation and Dynamic Positioning (DP) systems. In order to comply with the new Cyber Security Requirements, which were introduced on 1 July, Kongsberg Maritime decided last year to exped...
Maritime software company Ripple Operations is proud to announce the acquisition of AdonisHR, a well-known Norwegian family-owned provider of crew management and payroll software solutions for the maritime industry. AdonisHR enjoys a strong reputation in the market, with an excellent team and products, as well as an established, loyal customer base. Crew Success Software This acquisition is supported by a substantial financial investment from New York-based software holding compan...
Marine Components International (MCI), a Dorset-based maritime equipment specialist, is set to return to SMM International Maritime Fair from 3rd to 6th September 2024 with a complete range of BSB A60 Marine Fire Dampers in Hall B5, Stand 545. BSB is a major supplier of fire dampers to the maritime industry, and MCI is proud to have global distribution rights offering prompt delivery from their UK-based warehouse backed by friendly and responsive customer service. BSB A60 The BSB A6...
Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, is spotlighting a selection of its 2025 Grand Voyages, offering the most elegant way to enjoy extended travel, with bucket list trips to the most incredible locations across the globe. The diverse array of voyages affords guests the chance to discover world wonders such as Borobudur in Indonesia, the world's largest Buddhist monument, or Mount Fuji in Japan, with immersive itineraries on board Oceania Cru...
Peel Ports was pleased to welcome the first call of a new direct container service connecting the UK’s North-West with the Far East this week. MSC’s new Britannia Service creates a unique corridor between the two markets and significantly opens up export and import opportunities for businesses looking to utilise the Port of Liverpool’s unique proximity to the heart of the UK. Britannia Service The new service follows increased demand from retailers and importers looking to d...
Brunvoll has been chosen to supply azimuth propulsion thrusters and thruster control systems for Norled’s four next hybrid ferries. The vessels will service the routes between Stokkvågen, Lovund, and Træna in Norway. The vessels are designed by LMG Marin and will be built at the Tersan Havyard Shipyard. Norwegian ferry operator Norled has won the contract for the routes based on a 90% reduction in emissions. Norled has an ambitious strategy for sustainability, and the new hybr...
Svanehøj adds a significant reference to its expanding portfolio within ammonia applications. The Danish liquified gas equipment specialist has been awarded a contract to supply 32 deep well fuel pumps for a new series of ammonia dual-fuel bulk carriers. A new series of 210,000 DWT ammonia-fueled bulk carriers will be equipped with deepwell fuel pumps from Svanehøj. DW NH3 Fuel Pumps As a subcontractor to the AFSS supplier SunRui Marine Environment Engineering Co., Ltd., S...
Brunvoll has been chosen to supply azimuth propulsion thrusters and thruster control systems for Northrop’s four next hybrid ferries. The vessels will service the routes between Stokkvågen, Lovund, andTræna in Norway. The vessels are designed by LMG Marin and will be built at the Tersan Havyard Shipyard. Hybrid ferries Norwegian ferry operator - Norled has won the contract for the routes based on a 90% reduction in emissions. Norled has an ambitious strategy for sustain...
GAC Spain, a major provider of shipping and logistics services in the Iberian Peninsula, has opened a new office at the Port of Huelva, enhancing its support for customers within the country’s shipping and energy sectors. New office offerings The opening of GAC Spain’s newest office strategically positions the global ship agent to serve its existing dry and liquid bulk customers, as well as gas carriers at Huelva, with a suite of specialised services. These include ship agency, hu...
Olli Köresaar has been appointed new Chief Executive Officer (CEO) of Ahlsell Finland and the Baltics. He will assume his new position on the 1st of September and will be part of Ahlsell’s group management. Olli joins the company from Schindler, where he held multiple leading roles over 16 years, most recently as CEO UK & Ireland and prior to that as Managing Director for the Nordics, as well as for Finland. Olli Köresaar appointed new CEO of Ahlsell Olli is an enthusiasti...
Wallem Group, a globally renowned ship management company, has announced the appointment of Luis Benito as its new Group Business Development & Marketing Director, effective 19 August 2024. Luis will report directly to John Rowley, Wallem Group CEO. In his new role, Luis will be responsible for driving sustainable profitable revenue growth across the Group. He will work closely with Wallem’s Ship Management, SeaSafe, Ship Agency, and Commercial Services businesses to deliver innovatio...
With the aim of boosting Renewable Energy infrastructure in Chile, a significant global player in renewable energies, focused on the promotion, construction, and operation of power generation facilities from renewable sources, has partnered with WEG to acquire essential equipment for their project: a large-scale power transformer. WEG supplies large-scale power transformer The transformer will play a vital role in the wind farm's energy infrastructure, handling voltage regulation Destined for...
Brittany Ferries is to become the majority owner of Condor Ferries, following recent changes in the ownership structure. Condor Ferries is the passenger and freight ferry operator between the UK (Poole, Portsmouth), the Channel Islands and St. Malo in France. Condor was originally acquired in November 2019 by a consortium comprising Brittany Ferries and the London-based Columbia Threadneedle European Sustainable Infrastructure Fund. Subject to approval by the regulatory authorities in Jers...
Construction of Scotland’s largest commercial shore power system started at Port of Aberdeen as part of a £4 million project designed to supply clean electricity to vessels at seven berths. The project is scheduled to deliver its first power in March 2025. The ‘Shore Power in Operation’ demonstrator project is one of the first of its kind in the UK and was awarded match funding as part of the Department for Transport’s (DfT) Zero Emissions Vessels and Infrast...
Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to establish Korea’s alternative marine fuel supply chain centred on Ulsan Port. The investment is a follow-up to the 'Plan to Establish an Alternative Marine Fuel Supply Chain' announced at the government's emergency economic ministerial meeting in November 2023, with UPA taking the lead to strengthen the competitiveness of K...
Transportation of LNG entails complex decision-making processes that must be managed effectively to ensure operational efficiency and environmental compliance. And LNG operators can take a lead in sustainable shipping by leveraging advanced data-driven technologies to enhance performance in this fast-expanding sector, says OrbitMI. Green shift The LNG business is at the forefront of the green shift in shipping as liquefied natural gas (LNG) is seen as an important transition fuel, given signi...
Brunvoll has signed a contract with Tersan Shipyard for the delivery of propulsion and manoeuvring systems for two stainless steel chemical product tankers. Tune Chemical Tankers (TCT), which also is a part of Tersan Group will be the owner of the vessels. The contract also includes an option for two additional vessels. Brunvoll’s delivery for the vessels consists of a complete shaft line solution with a reduction gearbox and a controllable pitch propeller, a tunnel thruster, and Brunvoll...
SAE has achieved the next step in delivering its ‘Building a Sustainable Future to 2035’ strategy by taking full ownership of the 120MW Battery Energy Storage System (BESS) project at the Uskmouth Sustainable Energy Park (USEP). According to the Company’s latest estimates, the BESS project will generate average annual revenues of £12m and annual average EBITDA of £9m per annum in its first five full years of operation. The estimated capital cost of the projec...
In September 2023, NSSLGlobal, a global independent satcom and IT solutions provider, was awarded a contract with the UK Ministry of Defence (UK MOD) to provide comprehensive support for Maritime Multi-Media (MMM) services across the Royal Navy fleet. This strategic partnership aims to enhance the welfare services available to Royal Navy personnel by providing a wide range of entertainment on board vessels. Such welfare services are increasingly important in recruiting and retaining sailors. De...
The Panama Canal announced through an Advisory to Shipping, that effective immediately, the maximum authorised draft allowed for vessels transiting the Neopanamax Locks will be 49.0 feet (14.94 m), based on the present and projected level of Gatun Lake for the upcoming weeks. Reliability of transit service The Panama Canal had to adapt its operations because of the prolonged drought resulting from the climatic variations that affected the levels of the Gatun and Alhajuela Lakes. Despite this...
Norwegian Cruise Line® (NCL), the innovator in global cruise travel, is proud to announce the expansion of its Military Appreciation Programme offering programme eligibility to active Canadian service members, veterans, and their dependents from the Canadian Army, Royal Canadian Navy, Royal Canadian Air Force, and Canadian Coast Guard. Eligible members of the Canadian armed forces will receive special onboard experiences, amenities, and a 10 percent cruise fare discount across all sailings...
Wallem Group, a global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations. Green, low-carbon shipping Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem Group, signed the agreement on behalf of both parties. John Rowley, CEO, of Wallem Group, said, “We are honoured to partner with COSCO Sh...