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Ingeteam has been awarded a new contract to support the green hydrogen sector in Australia. Ingeteam will supply six rectifiers to help develop Proton Exchange Membrane (PEM) electrolysis technology for its customer, Fortescue, in Queensland. In its role as a technology partner, Ingeteam will provide three full skid solution units, equipped with six INGECON H2 E series rectifiers, to supply up to 12 MW of energy to each of the electrolysers. It will also involve commissioning the highest curr...

The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board. Randy Chen, Vice Chairman of Wan Hai Lines, has been elected Vice Chair. Soren Toft and Randy Chen will serve a two-year term, effective immediately. The new Chair and Vice Chair succeed Rolf Habben Jansen, CEO of Hapag-Lloyd AG, and Jeremy Nixon, CEO of ONE, who have served as Co-Chairs of the WSC Board...

Guy Hindley has been appointed as the new Chairman of the Baltic Exchange Council, with effect from 1 January 2025, following the leadership of Lord Jeffrey Mountevans who has held the position for the past two years. Guy Hindley, who has served on the Baltic Exchange Council since January 2019, has a long and distinguished career in the maritime sector, including his role as Managing Partner of Dry Cargo division at Howe Robinson, where he has been a key figure since for nearly four decades.&n...

ABS Wavesight™, the ABS-affiliated Software-as-a-Service company, is pleased to announce that UNI-FLEET SDN BHD, a specialised shipping company operating tanker vessels primarily focused on the transportation of ammonia across Asia, has chosen to implement Nautical Systems (NS) Maintenance Manager and Purchasing Manager modules to revolutionise their maintenance and inventory processes. Integration of NS Maintenance “We’re excited for the opportunity to support UNI-FLEET with...

Watson Farley & Williams (WFW) advised Höegh Evi Ltd. (Höegh Evi) on the acquisition of a 50% stake in its shareholder Larus Holding (Larus) by funds managed by Igneo Infrastructure Partners (Igneo). Transaction details Larus, which is the 100% owner of Höegh Evi, is currently jointly 50/50 owned by Aequitas Limited (a holding company of the Høegh Family who will retain their existing stake) and funds managed by Morgan Stanley Infrastructure Partners.  The trans...

Acoustic Doppler Current Profiler (ADCP) from Teledyne RD Instruments (RDI) has been chosen for a 63-foot hybrid catamaran for the Orange County Sanitation District (OC San.gov) built by All American Marine (AAM), a pioneer in constructing vessels with hybrid and electric propulsion systems. The vessel, designed to support ocean sampling and scientific research, will be an innovative hybrid-powered boat, contributing to environmental sustainability in marine operations. Utility optim...

Kongsberg Digital is proud to announce an important new simulator contract with Noble Corporation, one of the world’s pioneering offshore drilling companies, headquartered in Houston, Texas USA. DP simulators The contract includes the delivery of state-of-the-art navigation, engine, and dynamic positioning (DP) simulators based on Kongsberg Maritime’s market-pioneering K-Pos DP system. The simulators will be tailored and integrated with Kongsberg Maritime’s Riser Monitoring...

Pioneering marine and protective coatings brand International®, part of AkzoNobel, celebrated its 35th year anniversary in China during an event in Shanghai in October 2024. First registered and founded in 1989 in partnership with Shanghai Huayi Fine Chemicals and China State Shipbuilding Equipment & Materials Corporation Ltd, International Paint of Shanghai Co., Ltd. has since established three production facilities in China, 17 distribution centres, and employs over 100 technical serv...

LGE business has been awarded a contract to deliver six cargo handling and fuel gas supply systems for Ultra Large Ethane Carriers in China. The new supersized ships have 50% more capacity than existing Very Large Ethane Carriers (VLEC), and at 150,000 m3, are a world first of this size. Transportation of liquefied gas The ships, being built at the Jiangnan Shipyard in China, will be fitted with cascade reliquefication plants to manage the Boil Off Gas (BOG), with the contract signalling a co...

U-Boat Worx is proud to be part of the ground-breaking HEXA, a 50-metre support vessel conversion that redefines the superyacht support experience. Born from hand-drawn sketches as a floating helipad, HEXA has transformed into a striking concept that seamlessly blends robust utility with high-end sophistication, setting a new benchmark for support vessels. With its distinctive hexagonal theme, extended entertainment decks, swim platform, and bold graphics, HEXA combines form and function in a w...

Leask Marine is proud to continue its partnership with Morlais, a globally renowned tidal energy developer, in the deployment of the Marinus LiDAR buoy off the coast of Holyhead, Wales. This advanced buoy, equipped with cutting-edge sonar, acoustic monitoring, and video technology, will play a crucial role in monitoring marine wildlife and environmental conditions around the Morlais tidal energy project. Deployment of the Marinus buoy The data collected by the Marinus buoy will provide valuab...

Rolls-Royce held a successful F130 engine Critical Design Review (CDR), clearing the way for final development, test, and production efforts to proceed and taking another step towards delivering the upgraded B-52J to the United States Air Force. This milestone is the culmination of over two years of detailed design work and close collaboration between teams at Rolls-Royce, the Air Force and Boeing. The engine testing program is on track to begin altitude testing in February 2025 at the U.S. Air...

In a recent case underscoring the essential nature of precise cost estimation in maritime logistics, ITIC (International Transport Intermediaries Club) has settled a US$140,000 claim resulting from an error in calculating port charges. The incident involved a South American grain shipment where the pool manager’s use of outdated cost estimates for port fees led to a substantial financial discrepancy. A pool manager organised a ship to load a cargo of grain at a South American port. Using...

Wärtsilä Gas Solutions, part of technology group - Wärtsilä, continues to strengthen its market-pioneering position in small-scale LNG applications with its latest contract. A new 12,500 cbm LNG bunkering vessel is being built at the Nantong CIMC Sinopacific Offshore & Engineering shipyard in China, for global energy company - Vitol. It will feature Wärtsilä Cargo Handling and Fuel Gas Supply systems, the order for which was booked by Wärtsilä in Q4,...

Hefring Marine, a pioneer in intelligent marine technology, has been awarded a grant by the Icelandic Transport Authority (Samgöngustofa) to further critical research on injuries experienced by mariners aboard vessels. This prestigious grant underscores Hefring Marine's commitment to enhancing safety standards within the maritime industry. Building on extensive research conducted in 2023 with support from the Icelandic Student Innovation Fund, backed by Rannís (The Icelandic Centre...

Watson Farley & Williams (“WFW”) has advised Genesis Energias, S.A (“Genesis”) on the chartering of the ‘BILBAO KNUTSEN’, which shall be used as an LNG floating storage unit (“FSU”) for the loading, storage and discharging of LNG, as part of an LNG-to-power project in Honduras. The ‘BILBAO KNUTSEN’ is an LNG carrier built in 2004 and owned by Norway’s Knutsen Group. The vessel is to be converted into an FSU for the project by...

NAVTOR Founder and CEO Tor Svanes is somewhat of a legend within e-navigation and maritime technology. With close to six decades of expertise to draw on, and a track record of launching industry-defining innovations, his understanding of past, present, and future developments is second to none. So, what does he think awaits on the horizon as we sail into 2025, and beyond? FuelEU Maritime “FuelEU Maritime is just the start!” Tor Svanes has a knack for getting straight to the p...

In a ceremony in Rauma, Finland, Damen Shipyards Group and Kongsberg Maritime celebrated the delivery of the 1500th Kongsberg azimuth thruster to Damen, in a relationship spanning more than 40 years. This latest delivery continues the supply of azimuth thrusters for Damen’s wide range of tug designs, operating for its customers in ports across the world. Thruster number 1500 is one of a pair that will be installed on a Damen ASD Tug 2813, currently under construction at Damen Song Cam Shi...

A provider of secure maritime data communications software, GTMaritime, has launched a new remote access feature for GTMailPlus, which allows users to access their emails from anywhere, even if their onboard systems are offline. A recent Uptime Institute report revealed that 35% of businesses had experienced outages lasting more than eight hours in the last five years, with 54% reporting their most recent outage cost as over $100,000. GTMailPlus Cloud Access Available as standard to GTMai...

New ideas transform the world. In this context, WEG announces the launch of the W80 AXgen, an axial flux motor that allows Original Equipment Manufacturer (OEM) partners to innovate and create cutting-edge solutions. The new motor was initially launched in the North American and European markets, with an official launch in Brazil planned for the first half of 2025. Efforts for eco-friendly solutions The W80 AXgen offers flexibility by allowing the combination of multiple motors to scale...

MAN Energy Solutions has announced the successful retrofit of the main engine of the ‘Maersk Halifax’ to a dual-fuel MAN B&W ME-LGIM unit. MAN PrimeServ, MAN Energy Solutions’ after-sales division, carried out the work, the first such project globally involving a VLCV (Very Large Container Vessel). The 15,000 teu vessel entered service in 2017 and was originally powered by an MAN B&W 8G95ME-C9.5 prime mover. The retrofit to an 8G95ME-LGIM Mk10.5 engine enables the Maer...

Syroco has developed and sells a software platform based on artificial intelligence, dedicated to weather routing (optimisation of routes by taking into account weather and sea conditions) and optimisation of vessel settings. It reduces the fuel consumption of merchant ships by more than 10% on average and up to 25% in certain situatiC’est ons.  Series A round The ROI for customers is attained in a few months. The impact of the solution is very high in terms of CO2 emissions avoide...

Econowind, a globally renowned innovator in Wind-Assisted Ship Propulsion technologies for the maritime industry, announces the appointment of Chiel de Leeuw as Chief Commercial Officer (CCO), effective December 1, 2024. Chiel will play a key role in advancing Econowind's mission to revolutionise maritime sustainability and expand the company’s impact in the global shipping industry.  Chiel de Leeuw Chiel de Leeuw brings a wealth of experience and a proven track record in the marit...

Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th to share best practices and explore innovative approaches to shore power utilisation. The event highlighted ONE’s nearly decade-long experience in utilising Alternative Marine Power (AMP) containers on the U.S. West Coast. ONE’s AMP container Prior to the symposium day, a milestone was achieved on December 4th with the successful trial and commissioning of ONE’s AMP container a...

The EU’s Emission Trading System, EU ETS, is a policy instrument for reducing greenhouse gas emissions. The system is based on the fact that companies that emit greenhouse gases must hold emission rights to cover their emissions. Emission rights are a limited resource that is sold on a market. Companies covered by the EU ETS must report their emissions to the authorities. Emission rights are an important part of the EU’s climate policy and the system has contributed to reducing gree...

Watson Farley & Williams (WFW) advised Globus Maritime Limited on their US$ 28 million sale and leaseback of newbuild bulk carrier m.v GLBS MIGHT with a Japanese leasing house. This is Globus' first sale and leaseback transaction, with the US$ 28 million being made available under a ten-year capital sale & leaseback arrangement. Athens-based Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide with a current fleet of eight dry bulk ves...

The WG20 S is the perfect combination of the efficiency of helical gears and the cost-effectiveness of worm drive gearboxes. It is compact and features a modern and functional design, saving space and producing low noise levels. A complete solution that carries WEG’s reliability and quality, already recognised in the WG20 gearmotor line. Available in five sizes and reaching torque from 125 to 1,600 Nm, it has standard dimensions for total interchangeability. In addition, it offers versa...

Propspeed, a globally renowned innovator of underwater foul-release coatings, announced it has appointed Nautilus Yacht Equipment as its single-entry point for all Propspeed existing and future partners in Greece and Cyprus, effective January 1st, 2025. Focusing on yachting and light-commercial customers, Nautilus will act as importer, local warehouse, and a training and service centre for Propspeed in this growing market.  Nautilus's commitment Nautilus has been a trusted Propspeed part...

Watson Farley & Williams (“WFW”) advised Industrial Bank Financial Leasing Co., Ltd. (“CIBFL”) on a leasing transaction for two liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Delivery of the vessels Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs”) with the lessees...

Saggas and Valenciaport have signed a memorandum of understanding to collaborate in the identification of innovation and development projects linked to renewable gases and CO2. The agreement was signed by Rosa María Prieto, President of Saggas, and Mar Chao, President of the Port Authority of València (PAV). Through this memorandum, Saggas and the PAV undertake to work together to identify innovation projects to accelerate the development of storage, generation and logistics solut...