Rising costs - News

 Viasat, Inc., a global pioneer in satellite communications, announced Applied Satellite Technology (AST), a pioneering global innovator in satellite communication solutions, has joined its ELEVATE program. ELEVATE is a growth program, ecosystem and marketplace for ambitious IoT solution providers, connectivity wholesalers, enablers and OEMs who want to work with Viasat to use its network and footprint to scale. As an ELEVATE partner, AST will provide globally trusted connectivity solutions tha...

ClassNK has granted its Innovation Endorsement for Products & Solutions to the Digital Learning Management System (Ver.2) developed by MarinePALS, a unit of Maritime Knowledge Ltd. Digital Learning Management System is an education and training suite of micro-learning videos, gaming apps for learning and virtual reality programs, and mentoring online. Functions of management system ClassNK has verified the functions of the Digital Learning Management System. A comprehensive digital le...

Technology group Wärtsilä and Carnival Corporation & plc have signed a one-year extension to the Performance-based agreement that has been in place since 2017. The agreement, which was due to expire in March 2029, will now be valid until March 2030. It covers the maintenance, technical support, optimisation and fuel-saving solutions for 57 cruise ships within the global Carnival Corporation fleet. The contract was signed in October 2023. By optimising the performance and effi...

ABB announced it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will establish ABB as one of the market pioneers in ship route optimisation. The acquisition of the DTN Shipping portfolio covers vessel routeing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The...

Wallem Westminster, Manila, is proud to partner with the IMO-endorsed ‘Adopt a Ship’ programme (AaS). Working together with San Antonio Elementary School (SAES), Wallem Westminster’s senior officers embarked on a 10-week immersive curriculum to raise maritime awareness. Wallem provided educational materials and interactive content that explained maritime concepts, supported interactive activities that engaged students' creative learning and skill development and encouraged co...

MAN Cryo has announced that its design for an ammonia fuel-supply system to safely provide ammonia to marine-engine applications has been awarded an Approval in Principle from classification societies, DNV and Bureau Veritas. Part of MAN Energy Solutions and a pioneering expert in the field of storage and handling of LNG and natural gas, MAN Cryo developed the system in cooperation with a Chinese company, Yada Green Energy Solutions, with whom the company has previously cooperated to provid...

Asia Pacific Maritime (APM), the largest meeting place in Southeast Asia for the global maritime value chain, will return for its 18th installment in Singapore from 13 to 15 March 2024 at the Marina Bay Sands.  The premier exhibition and conference is expected to bring together more than 14,000 shipowners, shipyards, ship management, and technical procurers to meet over 1,400 solutions providers.  Solutions and services “For the past few months, we have been reconnecting with...

Wärtsilä Water & Waste, part of technology group Wärtsilä, has signed a four-year Service, Spares and Technical Support agreement with cruise operator Carnival Corporation & plc. The contract covers a platform for providing the support needed to maintain and operate the onboard waste-handling equipment efficiently, and in compliance with the most stringent environmental regulations. The order was recorded in Wärtsilä’s order book in Q2 2023. Ris...

Shipping Innovation (SI), owner and organiser of London International Shipping Week (LISW), is delighted to announce the appointment of Gareth Long as its new managing director. Gareth, who has significant knowledge and experience of LISW, having worked on LISW19, LISW21 and LISW23 as part of the UK Government team at the Department for Transport (DfT), will head up the SI team delivering this global must-attend maritime event.  He will report to Sean Moloney and Llewellyn Bankes-Hughes, j...

At Peel Ports Group, working closely with major cargo owners and shipping lines to find a solution which addresses a long-standing UK cargo flow distribution challenge. The efficient movement of goods is the lifeblood of any economy, and in the UK, the distribution of freight plays a crucial role in sustaining supply chains. However, the unequal distribution of freight by sea across the country poses significant challenges to both efficiency and sustainability. UK’s general productiv...

The northern German ports are constantly expanding their rail connections. It is set to become the means of transport of the future. In the Port of Hamburg, a good half of all hinterland transport is already carried by rail. Last year, 47.3 million tonnes of cargo weight were transported by rail. At the same time, the importance of rail as a climate-friendly means of transport is also growing in other seaports. The growing demand is increasingly becoming a major challenge for the railways, as c...

Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned subsidiary of MSC Mediterranean Shipping Company S.A., announces the final result of its voluntary public takeover offer to the shareholders of Hamburger Hafen und Logistik Aktiengesellschaft: At the expiry of the acceptance period, which was extended until 7 December 2023 at 24:00 hrs (CET), the takeover offer had been accepted by shareholders holding 7,325,366 Class A shares. This corresponds to 9.74 percent of the share capital. In...

Technology group - Wärtsilä will supply an integrated hybrid propulsion solution for three new self-discharging cargo vessels being built at the Royal Bodewes shipyard in the Netherlands for Norwegian shipowner - Aasen Shipping. As part of the solution, the ships will feature the latest addition to Wärtsilä’s engine portfolio, the Wärtsilä 25, which was launched in September 2022. The engines and vessel are prepared for operation on sustainable fuels in the f...

Technology group Wärtsilä introduces EvoTube, a revolutionary and patented advancement in Shaft Line technology for marine propulsion systems, reducing risk and simplifying operations. While based on a conventional stern tube, the EvoTube is a significantly simplified system with fewer components than a conventional stern tube system.  The inboard seal is mounted directly on the aft bearing housing, and the forward bearing is replaced with a standalone bearing inside the eng...

WEG announced to its shareholders and the general market that, as approved at an extraordinary meeting of the Board of Directors held on December 07, 2023, and following the succession plan of its Executive Team established, as from March 31, 2024, the following movements will be implemented: Within the succession planning, structured and conducted by the Board of Directors with the support of renowned consultancies, Mr. Harry Schmelzer Júnior will leave the position of Chief Executi...

WEG announced to its shareholders and the general market that, as approved at an extraordinary meeting of the Board of Directors held on December 07, 2023, and following the succession plan of its Executive Team established, as from March 31, 2024, the following movements will be implemented: Within the succession planning, structured and conducted by the Board of Directors with the support of renowned consultancies, Mr. Harry Schmelzer Júnior will leave the position of Chief Executi...

ClassNK has issued Approvals in Principle (AiPs) for three vehicle carrier designs developed by the Shanghai Merchant Ship Design & Research Institute (SDARI). The first AiP acknowledges an ammonia ready LNG dual-fueled vehicle carrier with a capacity of 7,000 CEU, a significant first in China’s independently developed design. For the ship with the dimension of LOA 199.99m x B 38m × D 37m, Draft 8.6m, SDARI integrates the GTT MARK III Flex containment system for LNG and ammonia...

Orbital Marine Power, the renewable energy company focused on the development and global deployment of its pioneering floating tidal stream turbine technology, has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE). The agreement covers one 2.4MW O2X machine to be deployed on the FORCE facility in the fast flowing waters of the Minas Passage. Powerful tidal turbine Subject to the required regulatory approvals, Orbital’s floating...

Babcock has appointed Paul Armstrong to lead its Marine sector, delivering a number of critical UK and international defence programmes, including the UK’s Type 31 frigates for the Royal Navy. With a career that started in shipbuilding in Barrow-in-Furness, Paul brings a wealth of wide-ranging industry experience to grow and develop one of Babcock’s core business sectors. Joining Babcock from Draken International, the aviation defence business where he was CEO responsible for oper...

At COP28, partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing a sustainable blue economy in the southern Mediterranean region. The parties involved signed a letter of intent to make their participation in the Partnership official and to make the Partnership operational in early 2024. Blue Mediterranean Partnership The Blue Mediterranean Partnership aims to tackle the threats the Mediterranean Sea faces by coordinating the financing of blu...

METIS Cyberspace Technology has appointed Panos Theodossopoulos as its new Chief Executive Officer (CEO), in a move designed to consolidate the company’s position as a pioneer in maritime digitalisation and extend market penetration.    An expert in driving business development through technological innovation, Theodossopoulos has considerable experience in leadership roles in the ICT and maritime sectors. Extensive industry experience In recent years, Panos Theodossopoulos ha...

Babcock has been awarded two further contracts for work on the UK’s new Dreadnought Class submarine worth a combined £120 million. This includes a 4.5-year £66 million contract with the Ministry of Defence (MOD) to provide input into the development of the support solution for the UK’s new Dreadnought Class submarines.  Knowledge and insights The new Class of submarine will replace the Vanguard Class in the early 2030s to maintain the Continuous At Sea Deterrent...

Cochin Shipyard Ltd (CSL), the largest shipbuilding and maintenance facility in India, has ordered 2 × 2 × MAN 12V175D-MEV variable-speed GenSets in connection with the building of two short-sea feeder container ships for global logistics company, Samskip Group, headquartered in Rotterdam. Known as the SeaShuttle project, the vessels will be among the first of their kind globally to be powered by individual 3.2 MW hydrogen fuel-cell-based energy systems. The MAN GenSets will act as...

Protecting seafarers and fishers’ rights and working conditions now – while preparing them for a digitalised and decarbonised future – were key themes explored during the first International Maritime Organization (IMO)/International Labour Organization (ILO) Conference on Work at Sea, which took place at IMO Headquarters in London on 13 November. “The professionals who work at sea, the seafarers, fishers and other maritime personnel, are the lifeblood of shipping and th...

Trade in Africa has become a popular talking point; with infrastructural, innovation, and technical challenges dogging the process, impacting economic growth, thwarting intra-country business, and slowing the development of regional economic corridors. It has become clear that a sustainable trade environment is needed to boost trade, which is currently low in comparison to international trade. African Continental Free Trade Area The African Continental Free Trade Area (AfCFTA) came into force...

Babcock International Group (Babcock), the international defence company, has signed a four-year £750 million contract with the UK Ministry of Defence’s (MOD) Submarine Delivery Agency (SDA), to deliver the infrastructure required to support and sustain the UK’s submarines for decades to come. As part of the major infrastructure programme underway at the Devonport site, Babcock will deliver substantial upgrades to existing infrastructure that will support the future capability...

A new study by cross-border shopping platform UBuy Switzerland reveals the states where is most costly to ship to are Armenia, Azerbaijan, and Georgia. The study compared shipping costs from everywhere in the world to all European countries and then calculated the average to discover which countries are most expensive to ship to. Average shipping costs Armenia, Azerbaijan, and Georgia share the top spot with an average of €143.74. As the three countries are neighbours in the Caucasus reg...

Technology group - Wärtsilä will supply the Cargo Handling Systems for five new very large LPG carrier vessels to be built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order with Wärtsilä was booked in Q3, 2023. The ships have been contracted by Norwegian ship owner - Solvang, in a joint venture with Gunvor Group Ltd, in Geneva. The VLGCs are of Panamax size and form the next generation of eco-vessels. Partnership with HHI and Solvang The Wärtsil&aum...

During the three-day summit, many Indian ministers, government officials and international maritime communities discussed and deliberated key issues of the maritime sector - emphasising the importance of the Indian maritime sector and the need for collaboration to achieve sustainable growth - Shri Narendra Modi, Honorable Prime Minister of India, inaugurated the summit on 17th October 2023. The summit was a flagship event aimed at propelling the Indian maritime economy by promoting global and r...

ABS is joining Mencast Marine (MMPL), the Singapore University of Technology and Design (SUTD), and the National Additive Manufacturing Innovation Cluster (NAMIC) on a project to manufacture and class a 3D-printed propeller. The collaborative project builds upon a Memorandum of Understanding (MOU) signed by ABS and MMPL that is focused on additive manufacturing (AM), also known as 3D printing, for critical maritime components. WAAM techniques ABS is committed to supporting these inn...