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CIBC Innovation Banking announces that it has provided a $20 million USD debt financing to ZeroNorth, a technology company focused on the maritime industry. ZeroNorth will use the funding to fuel its growth strategy through mergers and acquisitions (M&A), with the goal of enhancing access to data, acquiring innovative technologies, and expanding market share. Maritime digital transformation ZeroNorth’s customers have optimised 1.5 million voyages through the company’s platform...

ClassNK has issued an Approval in Principle (AiP) for an ammonia-fuelled ammonia bunkering vessel. This vessel is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and LMG Marin AS (a member of the Seatrium Group). As ammonia fuel utilization is expected in shipping for decarbonization, bunkering vessels that supply fuel to ships and related equipment will play an essential role in the supply chain. Fuel engines from IHI Power Systems Additionally, a safety verification was conduc...

Under Zero-Emission Accelerating Ship Finance (the Program), which is jointly operated by Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the LNG-fueled car carrier ‘OCEANUS HIGHWAY’ (IMO No. 1046049), owned by Kawasaki Kisen Kaisha, Ltd. ("K" LINE). DBJ provided financing to "K" LINE. In the shipping industry, where environmental regulations are becoming stricter as the industry moves towards decarbonisation, ClassNK evaluates ships based on a comprehensive scor...

Fleet safety and efficiency improvements see Turkiye's pioneer shipowner sign a new three-year contract for global weather intelligence provider's comprehensive performance monitoring platform.  Yasa has subscribed to Weathernews' market-pioneer SeaNavigator platform for the past two years and will continue with its premium package that includes route optimization, accurate vessel performance monitoring, and full environmental support covering CII (Carbon Intensity Index), EU ETS, CO2 Emis...

The fully equipped vessel is now ready for commissioning and integration trials from ZeroUSV’s home port of Plymouth.  The launching of the first Oceanus12 represents the culmination of nearly 18 months of design, engineering and build effort from the team at ZeroUSV which has been built on the success of the Mayflower 400’s transatlantic autonomous voyage - a milestone achieved through the same inter-company collaborations between Zero USV’s parent company MSubs, their n...

D-Fend Solutions, the pioneer in field-proven radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone takeover technology, announces the launch of EnforceAir2 Maritime, a specialised version of its award-winning EnforceAir2 system, tailored to meet the unique needs of Counter-UAS operations in maritime environments. Designed with the demanding conditions of open-sea and near-shore operations in mind, EnforceAir2 Maritime is purpose built to reliably deliver unparalleled perfor...

bound4blue has completed the installation of its breakthrough eSAIL® suction sails on tanker vessel Pacific Sentinel with a streamlined single-stop process for Eastern Pacific Shipping (EPS) at Besiktas Shipyard in Turkey during a planned drydocking. Three 22-metre, DNV Type Approved eSAILs® were installed on the 50,000dwt Pacific Sentinel in under a day per unit, as planned. Overall energy consumption The installation took place during a scheduled vessel drydock, with preparatory wor...

Lighthouse Ship Management AS has steered one of its managed general cargo vessel coasters through a BERG Propulsion retrofit project which the Norwegian shortsea shipping service provider confirms has brought a 33% reduction in fuel costs. The Torangsvåg-based fleet manager evaluated BERG’s options for optimising energy use on board Terneskjaer, an 81m length 2,900 dwt general cargo ship owned by Bio Feeder AS. The project sought to cut fuel costs and emissions, while adding a new...

Government agency Innovation Norway provides sustainable hull-cleaning pioneer ECOsubsea with a NOK 69m (USD 6.2m) Green Growth Loan that will part-fund the construction of more of the company's next-generation hull-cleaning robots, as it gears up to significantly expand its operations in the world's second-busiest port. The Austevoll-based company undertook its first commercial clean in Singapore in the autumn, using its first next-generation cleaning robot dubbed the 'Pink Panther'....

The UK is well positioned to lead the safe development and deployment of new nuclear power systems for commercial ships and Floating Nuclear Power Plants (FNPPs), according to a new report from CORE POWER, NorthStandard and Lloyd’s Register (LR). Technology company CORE POWER, global marine insurer NorthStandard and maritime professional services provider LR have jointly published Advanced Maritime Nuclear: A unique opportunity for the UK.  Deployment of small nuclear reactors...

New nuclear reactor technology represents a once-in-a-generation opportunity for U.S. industrial policy. Vessels propelled by advanced small modular reactors (SMR) could act as a catalyst for the revitalisation of U.S. shipbuilding. That is the view of ABS Chairman and CEO Christopher J. Wiernicki, who believes the next step is the development of a marinised SMR demonstrator. New industrial policy “It is a key transformational technology. It changes the commercial model, the economics o...

The TMS Ship Finance and Trade Conference 2025 brought together global industry pioneers, financial experts, and policymakers for transformative discussions on the future of maritime trade, finance, and sustainability. The conference served as a vital platform for addressing key challenges, exploring financial innovations, and advancing sustainability-driven solutions for the maritime sector. Challenges for maritime decarbonisation Al-Maghafi cautioned that these changes might slow sustainab...

A collaboration agreement has been signed between classification society ClassNK and maritime data and technology firm OceanScore to link the latter’s integrated solution for ClassNK ZETA (Zero Emissions Transition Accelerator) that enables users and related stakeholders to access visualised MRV/DCS data. Shipping companies using the ClassNK ZETA service will gain seamless access to OceanScore’s market-pioneering Compliance Manager under the agreement, which was inked on 20 January...

NorthStandard has finished a challenging year for global marine insurance, reporting an increase in poolable tonnage and continuing progress towards meeting its strategic goals. Marine insurers worldwide saw a rise in the number of large claims in the year ending 20 February, alongside compromised Asia-Europe ship routeing choices and a growing number of ‘shadow’ tankers seeking cover outside the International Group of P&I Clubs system. NorthStandard’s premium income Nev...

Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a €70 million investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O.S. Energy, helps develop, build and manage service support vessels for offshore wind farms. The consortium of investors comprised European family office and others in addition to Eurazeo. Watson Farley & Willi...

Shipowners and operators of EU vessels must take steps to ensure that all new firefighting suits on board comply with changes to European regulations which enter into force from June 2025, according to urgent advice from VIKING Life-Saving Equipment. The leading life-saving equipment solutions provider is recommending fleet managers undertake a full risk assessment of their firefighting suits to verify compliance with requirements applying under MED regulations (EU) 2024/1975. New firefighting...

Watson Farley & Williams (‘WFW’) advised BNP Paribas and Standard Chartered Bank as co-documentation banks and DNB Bank ASA, New York, as agent, on a US$500 million revolving credit facility to Scorpio Tankers Inc. (‘Scorpio Tankers’). The oversubscribed credit facility was provided by a group of eight banks. The facility is a revolving credit facility with a seven year maturity date and provides Scorpio Tankers the flexibility to draw down or repay the loan during t...

A pioneering nuclear propelled containership designed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received approval in principle from ABS. The groundbreaking design for a 15k TEU vessel uses a propulsion system comprised of a molten salt reactor (MSR) for heat and a supercritical carbon dioxide (SCO2) system for power generation. Net zero by 2050 ABS completed design reviews based on class requirements. ABS published the industry’s first comprehensive requirements...

Technology group Wärtsilä has signed a Lifecycle Agreement with CMA Ships, a subsidiary of pioneering French shipping company CMA CGM. The agreement covers 14 large LNG-fuelled container ships already in operation. The order with Wärtsilä was booked in Q1 2025. In today’s global environment, owner and operators of container vessels are focused on optimising operations and maintenance more effectively so that their vessels can continue to operate flexibly, and in the mo...

Sentinel Marine has secured an extension of its contract with INEOS, continuing the Cromarty Sentinel’s operations in the Southern North Sea (SNS) for an additional three years. The vessel will continue to provide vital support to the Breagh and Clipper South platforms, with the agreement including options for two further one-year extensions. Additions to Sentinel Marine’s fleet Cromarty Sentinel, one of the uniqueadditions to Sentinel Marine’s fleet, was delivered in March...

Goltens Worldwide, a pioneering provider of specialised marine services, is pleased to announce a new distribution agreement with Denmark-headquartered Marine Fluid Technology A/S (MFT) covering MFT’s SEA-Mate® Blending-on-Board (BOB) system, SEA-Mate® Filter system and other SEA-Mate® products across key maritime markets in Singapore, Indonesia, India, the Philippines, and the Middle East including the UAE, Saudi Arabia, Bahrain, and Qatar. Critical factors in the maritime T...

Dutch company Econowind, based in Zeewolde, has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 metre high steel wind sail inspired by aviation technology. Similar to aeroplane wings, these innovative sails are designed for large vessels, harnessing wind power to reduce fuel consumption and cut CO2 emissions by up to 15%.  Introduction of the XL model The first of two XL prototypes is expected to be fully developed a...

James Fisher & Sons plc, a pioneering provider of specialist services to the energy, marine and defence industries, launches a new legal entity in Japan, reinforcing its long-term commitment to Japan and its footprint in North East Asia. The move furthers James Fisher’s intention to bring its integrated offering and innovative, sustainable solutions to the country’s energy transition, maritime security and defence needs. Japan’s industrial ambitions Fisher can use both i...

A host of expert speakers have been confirmed for the TMS Ship Finance and Trade Conference, which takes place on Tuesday, 18th February, at the Taj Exotica Resort, the Palm Dubai. The Conference, which has the theme of Financing Green Shipping Solutions, is the seventh conference in this series and looks set to be the best one yet. Development of shipping Nawal Al-Maghafi, an award-winning journalist and documentary maker, will moderate this session Keynote addresses will be made by Dr Ibr...

Kongsberg Maritime has won a major contract to supply an integrated package of equipment for Bibby Marine’s new eCSOV, the world’s first full-electric offshore vessel. Kongsberg Maritime’s comprehensive package will be at the core of this advanced vessel’s systems. The company will provide full-electric rim-drive propulsion with azimuth and tunnel thrusters. Integrate with the battery system The new eCSOV will feature the largest-ever battery facility on...

Ocean Network Express and Yusen Logistics Co., Ltd are pleased to announce a new agreement for sustainable shipping solutions through ONE's green shipping service, ONE LEAF+.  This collaboration demonstrates how the industry can advance sustainable supply chain practices and marine transportation to deliver environmental benefits. Scope 3 GHG emissions As a freight forwarder, Yusen Logistics will offer this green shipping option to customers Under this agreement, ONE will use susta...

The world needs greener energy, but high costs are a barrier. Raw material and equipment prices have more than doubled, halting many projects. Can they reduce the financial risk of developing offshore wind farms and make walk-to-work (W2W) operations more affordable? Offshore wind turbines SOVs are the most efficient and preferred solution now for servicing offshore wind turbines, outperforming CTVs in safety, availability, and comfort. However, rising shipbuilding costs and new-build delive...

The race for industry recognition is on at Nor-Shipping 2025, with today’s launch of the prestigious Next Generation Ship and Ocean Solutions Awards. The accolades support the exhibition and event week’s main theme of #future-proof, as major global innovators compete against one another to showcase truly defining projects and solutions. Both awards, which hold extra significance coming in Nor-Shipping’s 60th anniversary year, will be judged by expert panels, with Remi Erikson...

Ocean Network Express is pleased to announce a significant milestone in its corporate history with the naming of ONE Sparkle, the company's first owned and operated new building container vessel. Says Jeremy Nixon, CEO, "The naming of ONE Sparkle represents another important milestone for ONE. This vessel is our first owned newbuilding, and it also showcases our commitment to sustainable shipping with its innovative design and alternative fuel capabilities. As we expand our owned fleet, these a...

Nor-Shipping has announced that the main theme for its 60th anniversary exhibition and activity programme will be #Future-proof. Taking place in Oslo and Lillestrøm, Norway, 2-6 June 2025, Nor-Shipping is now working with key stakeholders to tailor content and deliver opportunities that support decision-makers as they face a rapidly evolving industry landscape. Organisers have also confirmed that the exhibition space is already 85% sold out for what promises to be 'both a memorable and c...