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In a strategic move to become a complete service provider while enhancing the level of support delivered to the crane, marine, and offshore industries, lifting solutions specialist - Hendrik Veder Group UK has announced a new cooperation with an England-based load test expert.  New regional service This new agreement will see the Scottish branch of Hendrik Veder Group UK diversify its output by offering a new regional service for the longstanding firm, via the distribution and l...

Dutch startup - SeaO2, specialising in innovative carbon (CO2) removal technology from seawater, announces receiving €2+ million in new investments. DOC technology Utilising its breakthrough Direct Ocean Capture (DOC) technology, which efficiently extracts CO2 from seawater, SeaO2 aims to mitigate climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO2 from the atmosphere. This funding will accelerate the development of its pioneering technology an...

A subsidiary of Klaveness Combination Carriers ASA has entered into an agreement with the builder of the CABU III newbuildings, Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd, to install its first ever Wind Assisted Propulsion System (WAPS) with two bound4blue eSAILs® suction sails on the third CABU III newbuilding for delivery in Q3 2026. The newbuild will be one of the first tanker/dry bulk vessels to feature bound4blue’s cutting-edge WAPS te...

Kongsberg Maritime has delivered its 1,000th ship design-the IWS Seawalker, a state-of-the art windfarm service operation vessel (CSOV), and one of six ‘Skywalker Class’ UT5519 DE for IWS Fleet. In a naming ceremony in the port of Hanstholm, Denmark, the IWS Seawalker, becomes the third Skywalker Class vessel to be delivered, and is due to be deployed in the North Sea in the coming weeks. Innovative vessel designs Kongsberg Maritime’s design team has been delivering inn...

The European Space Agency (ESA) has initiated a new flagship project, Decarbonisation through the Digitalisation in Shipping (DECARDIS), together with optimisation platform company Awake.AI, technology pioneer ABB and shipping company Wallenius Marine. The consortium, funded by ESA and led by Awake.AI, will collaborate on a port call optimisation solution, which focuses on helping ships cut greenhouse gas emissions by overcoming inefficiencies in the ship-port interaction.  Smart ship te...

Global HR, payroll, and crew management software specialist - Adonis, under the Ripple Operations brand, has entered into a strategic marketing partnership with Certus Online, a globally renowned provider of maritime booking and operational solutions, to enhance their combined service offerings for the maritime industry. The agreement marks a significant step towards providing seamless, integrated solutions for maritime operators. Adonis’ HR systems Certus Online’s Booking Platfor...

Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was USD 5,864 million, up 65% from the same quarter of the last year, with a net profit of USD 1,999 million (YoY +USD 1,812 million). The Asia-North America and Asia-Europe trades have experienced strong demand, driven by consistent consumer demand and an early peak season in July and August. In addition, early shipments in the North Ameri...

Cummins Inc., a global pioneer in power solutions, will exhibit its latest marine technologies at the International Workboat Show 2024, in New Orleans, from November 12-14, 2024.  QSK38 EPA Tier 4 solution Visitors to Booth 3001 will have the opportunity to examine the QSK38 EPA Tier 4 solution, designed with repower flexibility in mind.  This innovative engine provides clean power in a compact package, leveraging trusted technology that operators can depend on for their fleet. Dur...

Technology group - Wärtsilä has introduced its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine. While operating on liquefied natural gas (LNG), the NextDF feature reduces methane emissions to less than two percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. What’s more, the nitrogen oxide (NOx) emissions are lower than on the standard Wärtsilä 25DF engine, which already has low emission levels bel...

ClassNK has issued an approval in principle (AiP) for a 30,000 m3 LNG carrier equipped with two Mark III Flex membrane tanks, developed by GTT. The vessel’s ballast tank design and ballasting operations allow for the elimination of filing limits, enhancing operational flexibility. The AiP demonstrates the feasibility of this design concept. LNG carrier In LNG carriers with membrane tanks, filing limits are often required based on the strength assessments against sloshing loads, which ca...

MacGregor, part of Cargotec, has launched a new free-of-charge digital Carbon Calculator to help container shipping companies estimate the carbon dioxide emissions they can eliminate by upgrading their onboard container cargo system with MacGregor Cargo Boost. Cargo Boost solution By maximising container-carrying capacity on board existing ships, the Cargo Boost solution has been shown to increase average cargo system utilisation from conventional rates of 80% to 90%, or even 100%. Across a 1...

DNV has awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for its 15K TEU ammonia dual-fuelled container vessel design. This milestone follows the successful completion of a joint development project aimed at addressing the challenges associated with using ammonia as a marine fuel. Ammonia as a marine fuel The project focused on developing cutting-edge designs to enhance safety, including an optimised ammonia tank design, advanced fire safety systems, enhanced amm...

ClassNK has issued an Approval in Principle (AiP) for the Autonomous Navigation Assistance System - ‘SAS’ developed by Samsung Heavy Industries, Co., Ltd. Samsung Autonomous Navigation Assistance System (SAS) is a partially Autonomous Navigation System (ANS) including the functions of situational awareness through sensor fusion and electronic navigational chart information, collision and grounding risk assessment, and collision and grounding avoidance. Design, installation, and mai...

The Baltic Exchange has launched a Know-Your-Customer (KYC) platform to give the maritime sector greater access to company data to support informed decision-making and meet increased regulatory obligations. KYC platform KYC is a regulatory requirement in the banking and financial services sectors to ensure businesses do their due diligence on customers to prevent fraud, money laundering, and terrorism financing. With shipping a vital part of global commerce, the need to manage the risk of fra...

Rolls-Royce is developing new and advanced concepts to show navies how they can meet the growing challenges of undersea national defence. These include a significantly more powerful mtu submarine charging unit and mtu NautIQ automation systems for underwater ship control. Both will be unveiled by Rolls-Royce Power Systems at the Euronaval naval exhibition taking place from 4 to 7 November in Paris, France, underlining Rolls-Royce's role as a solutions provider in this special area...

An arbitration dispute highlighted in the latest Claims Review by the International Transport Intermediaries Club (ITIC) has concluded with a shipbroker settling a $380,000 claim. Accused of breach of contract and negligence for not disclosing critical navigation restrictions to charterers, the case underscores the paramount importance of transparent communication and due diligence in the shipbroking industry. The incident The incident began when a shipbroker arranged a charter party (CP) agr...

The Brun Bear Foundation, a registered charity established by Edwin Lampert, executive editor of Riviera Maritime Media, is pleased to announce the launch of “Mealtimes With My Maritime Friends.” This unique cookbook celebrates the global maritime community while raising funds for important causes. Featuring 60 inspiring recipes from around the world, contributed by prominent figures in the maritime industry, this book offers a taste of maritime culture alongside the personal storie...

SRT Marine Systems plc (SRT), a global provider of maritime domain awareness systems and technologies for security, safety, and environmental protection, is pleased to announce that it has agreed a substantial investment and short-term finance bridge support package from existing shareholder Ocean Infinity (OI), worth approximately £31 million.   Finance support package This new financing allows SRT to immediately satisfy the need for the substantial performance bond required under...

ABS released its latest report into the potential of advanced nuclear technology for maritime applications, with a study of a small modular reactor on a standard liquefied natural gas (LNG) carrier. Feasibility and safety The transformational impact of a high-temperature, gas-cooled reactor (HTGR) on the design, operation, and emissions of a 145,000 m3 LNG carrier design was modeled by ABS and Herbert Engineering Corporation (HEC). The study is designed to help the industry better understand...

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Inmarsat Maritime, a Viasat company, are pleased to announce that “K” LINE will conduct a trial of Inmarsat Maritime's new bonded network service NexusWave on “K” LINE's fleet. NexusWave seamlessly integrates multiple high-speed networks in real-time to enable high-speed, always-on ship-to-shore communications, thereby enhancing digitalisation of ship operation and environmental response, as well as the welfare of se...

INTERCARGO, the International Association of Dry Cargo Shipowners, has announced significant changes to its leadership following its Annual General Meeting. The new appointments will take effect from 1 January 2025. In recognition of their distinguished service, Mr. Dimitrios Fafalios has been appointed Honourary Chairman following six years as Chairman. Mr Fafalios, President of Fafalios Shipping S.A., has led INTERCARGO through significant developments in the shipping sector since 2019, havin...

Fincantieri is pleased to announce that it has signed contracts with Viking for the construction of two new cruise ships, based on the successful features of the previous vessels, which Fincantieri has already built for this shipowner in its Italian yards. The units will be delivered in 2030. Fincantieri and Viking have also reached an agreement for four additional ships in option with deliveries scheduled for 2031 and 2032. Latest environmental rules Fincantieri and Viking for...

ship.energy Limited is excited to announce that it is ready for the Marine Energy Transition Forum 2024 (#METF24)! Taking place on 22 October at the iconic Port House in Antwerp, this highly anticipated event will bring together renowned voices from the maritime industry for dynamic and thought-provoking discussions on the future of marine fuels and ship technology.  #METF24 At #METF24, delegates will explore how critical factors, such as vessel type, operating routes, and profiles...

ship.energy is proud to present ARACON 2024, the globally renowned event for the Amsterdam-Rotterdam-Antwerp (ARA) bunkering and maritime industries, which will take place on 24-25 October 2024 in the dynamic city of Rotterdam. As the pre-eminent conference in the ARA region, ARACON 2024 will bring together top decision-makers, marine fuel suppliers, shipowners, operators, and key stakeholders to explore the latest developments in bunkering, decarbonisation, and maritime regulations. With a r...

Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. This significant contract win is valued at approximately 800 million MNOK, and includes all propulsion, automation, and energy systems. Oil and gas operations The 10 contracted vessels mark a major investment by Capital Offshore in the PSV market The 10 contracted vessels mark a major invest...

ABS helped bring together industry and government pioneers for a U.S. Maritime Strategy Workshop to help stakeholders align on key policy and commercial priorities. This was the third in a series of workshops organised to inform a U.S. national maritime strategy and was done in collaboration with the U.S. Federal Maritime Commission (FMC), the Office of Senator Mark Kelly, and the Office of U.S. Representative Michael Waltz. Challenges and recommendations The U.S. maritime industry faces seve...

ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ‘TEXAS HIGHWAY’, a car carrier operated by "K" LINE  for vessels equipped with additional firefighting measures for transporting electric vehicles (EVs). AFVC notations Shipping companies are implementing various measures to address EV fires, which raise concerns due to difficulties in extinguishing and the risk of re-ignition. To support these efforts, ClassNK has issu...

Sirius Insight (Sirius) announces the launch of a national strategic partnership with the charity - National Coastwatch Institution (NCI), which will help improve the safety of UK coastal waters. This long-term partnership will deliver operational funding and technology upgrades enabling greater coverage and effect.    Maritime situational awareness Sirius Insight is the UK’s specialist in maritime situational awareness, combining Artificial Intelligence and state-of-the-...

Watson Farley & Williams (WFW) advised Navigazione Montanari S.p.A. (Navigazione Montanari) on acquiring the chemical product tanker, Astella, renamed Valderice. WFW also acted for Intesa Sanpaolo S.p.A. (Intesa Sanpaolo) as a lender on loan, backed by Italy’s ECA SACE's Garanzia Futuro, granted to Navigazione Montanari to recapitalise the funds used for the purchase partially. Valderice The Valderice, built in South Korea in 2011 at the Hyundai Mipo Dockyard Co. Ltd., is currently...

ABS has completed an industry-renowned safety evaluation of ammonia dispersion on board an ammonia-fuelled gas turbine LNG carrier design from Hanwha Ocean. ABS, in collaboration with Hanwha Ocean, conducted computational fluid dynamics simulations that modelled different ammonia release scenarios due to accidental leakages from the engine room, the pipeline and the bunkering stations on deck. The study is one of the most comprehensive in the industry, using multiple ammonia release scenarios....