Rising costs

Wärtsilä enhances efficiency in fishing sector

Technology group Wärtsilä will supply its Wärtsilä 20 main engine and selective catalytic reduction (SCR) system for a new 40.9-metre long state-of-the-art fishing vessel, specifically designed for lobster fishing. The vessel, which will operate in North Atlantic waters, has been ordered by Canadian operator Clearwater Seafoods and will be built at the Hvide Sande Shipyard in Denmark. The order was booked by Wärtsilä in Q2 2025.  Services for the fi...

LNG trade: Market dynamics and regulatory focus

Global liquefied natural gas (LNG) trade grew by 2.4% in 2024 to 411.24 million tonnes (MT), connecting 22 exporting markets with 48 importing markets. Asia Pacific remained the largest exporting region with 138.91 MT in 2024, adding 4.10 MT over 2023. European LNG imports declined sharply, falling 21.22 MT year-on-year to 100.07 MT, driven by high storage levels at the start of the year, sluggish demand, and steady pipeline flows. However, LNG demand rebounded in Asia, with China and India pos...

Kongsberg unveils electric towing winch for tug market

Kongsberg Maritime has announced the launch of a new electric towing winch, expanding its winch product portfolio to better serve the tug market. The new winch is powered by a frequency converter-driven electric motor, delivering enhanced operational efficiency and reduced environmental impact compared to traditional hydraulic systems. Reduction in hydraulic systems A key advantage of the new electric towing winch is the reduction in hydraulic systems on board A key advantage of the new elec...

INTERCARGO's initiatives: Dry bulk sector's future

INTERCARGO, the International Association of Dry Cargo Shipowners, convened last week in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China. The meetings, hosted by COSCO Shipping Bulk, brought together members from across the globe for two days of dialogue and decision-making. Senior representatives gathered to discuss pressing issues the dry bulk sector is facing, including the evolving regulatory landscape, operational performance, and the...

Artemis EF-12 hydrofoil: Zero-carbon maritime innovation

Artemis Technologies, a pioneer in high-performance maritime innovation, alongside Orkney Ferries and the European Marine Energy Centre (EMEC), are pleased to announce the arrival in Orkney of the fully electric hydrofoil vessel – the Artemis EF-12 Workboat XL, named ‘Zevi 1’. The arrival of the Belfast-built Artemis EF-12 Workboat XL is an important landmark in the Electric Orkney project, which aims to demonstrate the benefits of electric-powered hydrofoil workboats and pass...

ABS approves Samsung LNG floating facility design

ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O). Called MLF-O, the next-generation design from SHI optimises the production facility for deepwater areas with a wave height of nine metres. According to SHI, the design has the advantage of providing faster delivery and cost-effective efficiency compared to onshore plants. ABS completed design reviews based on class an...

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