Rising costs - News

STAR Information Systems (STAR) is proud to announce the successful signing of an agreement to acquire Arribatec Marine (Infoship), a pioneering provider of fleet technical management solutions. This acquisition strengthens STAR’s presence in the maritime software market and represents an important step forward in the growth journey. Digitalisation within maritime sector Infoship built a strong reputation in supporting digitalisation within the maritime sector Found...

As part of Singapore Maritime Week, DNV has awarded Marine Design and Research Institute of China (MARIC), Approval in Principle (AiP) for their new wide beam ammonia-ready Kamsarmax bulk carrier. The vessel has a shallow draft for flexible port calls, as well as being WAPS (wind-assisted propulsion system) ready. Greenhouse gas reduction goals Green ammonia is emerging as a strong candidate for climate-neutral fuel for shipping Green ammonia is emerging as a strong candidate for the climate...

The Maritime and Port Authority of Singapore (MPA) and the American Bureau of Shipping (ABS) have renewed a multi-year Memorandum of Understanding (MOU) to strengthen collaboration in research and development, talent development, workforce upskilling, support for startup maritime businesses, and regulatory alignment. This renewal, signed now, marks a comprehensive and future-oriented collaboration that continues to strengthen Singapore’s role as a global maritime hub while advancing ABS&r...

At the Undersea Defence Technology conference, thyssenkrupp Marine Systems and Ulstein Verft signed a Letter of Intent for joint efforts to deliver the next, advanced frigates to the Royal Norwegian Navy. The 2024 Fleet Plan outlines that Norway will acquire five or six frigates to replace the Fridtjof Nansen-class frigates. Potential candidates include the British Type 26, the German F127, the American Constellation-class, and the French FDI. German-Norwegian industrial cooperation thyssenkr...

DNV has released a new Recommended Practice (RP) to assess the performance of Wind-Assisted Propulsion Systems (WAPS) for public hearing. The new RP has been developed to provide a basis for reliably determining the ability of different WAPS technologies to deliver efficiency gains when installed onboard, accelerating the maritime industry's journey towards a more sustainable future. Fuel savings and emissions reductions WAPS have emerged as a promising solution for the maritime industry to r...

OrbitMI, a provider of maritime software and data products, has expanded its workflow capabilities through a new integration with CleanQuote, a pioneering vessel cleaning platform. This collaboration further strengthens OrbitMI’s commitment to providing connected workflows by incorporating vessel cleaning and maintenance data into Orbit Reporter via API. Vessel cleaning data Western Bulk can now easily capture and access essential vessel cleaning data Western Bulk, a company operating...

Maritime CleanTech is going ‘all in’ at Nor-Shipping 2025, seizing the opportunity of a unique global gathering to support and enable those pioneering sustainable ocean development. Here CEO Ada Jakobsen outlines the organisation’s initiatives, objectives and ambitions, explaining why NOW is the time to accelerate progress. Groundbreaking efforts Nor-Shipping has long been a flagship arena for ocean innovation, so for Maritime CleanTech, it’s the perfect stage to showc...

“The IMO really has to step up now if we are to deliver on the pace and scale of the change required. A lot of this comes down to the question of how we address the significant price differential between fossil and alternative fuels. The IMO holds the keys to all of this, and the time for action is now. Whether we as an industry can make 2050 rests largely with the IMO and how it performs in the coming months.” That was the message to the industry from ABS Chairman and CEO Christoph...

International®, AkzoNobel's marine coatings brand, has published a new whitepaper on how data collaboration between fouling control coating experts and vessel operators can drive more informed decision-making, enhance vessel performance reliability and support sustainability goals for the fleet. The research includes a detailed case study of three Liquid Natural Gas (LNG) vessels tracked over a 60-month service period, all coated with Intersleek® 1100SR, an ultra-high performance foulin...

GAC Norway has launched a new shore excursion service covering all of Norway, including key cruise destinations such as Oslo, Kristiansand, Bergen, Ålesund and Tromsø, in response to cruise operators’ drive to provide passengers with authentic experiences that connect them with local culture responsibly. Cruise operators looking to enhance their guest experience with sustainable, exclusive and competitively-priced shore excursions can now partner with GAC Norway to deliver th...

ABS and Pacific International Lines (PIL) have signed a Memorandum of Understanding (MOU) at Singapore Maritime Week that establishes a framework to collaborate on projects related to maritime technology, sustainability and safety management systems. “To make meaningful progress in this era of rapid change, we need strategic industry collaborations like this one with PIL. We look forward to capitalising on our unique strengths and capabilities in maritime compliance and cutting-edge techn...

Fuels of the future and shipping charge points in harbours are at the centre of a major new strategy to make Britain’s shipping fleet net zero by 2050 and drive growth in coastal communities. The Maritime Minister has revealed the Government’s new goals for all vessels that operate in UK waters and dock at UK ports to be carbon-free and help vessel owners, operators and scientists make emission-free voyages a reality. Maritime Decarbonisation Strategy Maritime Decarbonisation Stra...

Brunvoll has signed a contract with VARD for the delivery of a comprehensive package of propulsion and manoeuvring thrusters for five Walk-2-Work Service Operation Vessels, W2W SOVs. The vessels are for an undisclosed international owner. Brunvoll’s delivery for each vessel consists of two azimuth propulsion thrusters, two retractable azimuth thrusters, and two tunnel thrusters. The vessels will also feature Brunvoll’s Propulsion and Thruster Control system, BruCon PTC, for efficien...

HD Korea Shipbuilding and Offshore Engineering (HD KSOE), HD Hydrogen, and DNV recently signed a Joint Industry Project (JIP) agreement to develop and validate Pressure Swing Adsorption (PSA) technology for carbon capture in Solid Oxide Fuel Cells (SOFC). SOFCs are high-efficiency fuel cells that generate electricity using natural gas, ammonia, or hydrogen as fuel. Maritime carbon emissions As part of this agreement, HD KSOE and its subsidiary HD Hydrogen will explore the integration of PSA-b...

Propspeed®, a pioneering innovator in underwater biocide-free, foul-release coatings, announced it has signed an agreement with LUKA Marine Murter d.o.o. to serve as the Company’s new single-entry partner for Croatia and Slovenia. The partnership will kick off with the first national technical training for applicators and resellers in this vital region to prepare Propspeed for the quickly approaching refit season. Propspeed’s coating systems LUKA Marine Murter is a privately o...

BERG Propulsion is offering the shipping industry its first opportunity to select propeller shafts made using the climate neutral GreenForge® production process, in a maritime sector that is highly exposed to anticipated carbon pricing. Three Louis Dreyfus Armateurs (LDA) ro-ro vessels due in service from 2026 to carry aircraft parts across the Atlantic are already set to take advantage of sustainable wind power, courtesy of their rotor sails, while their hybrid propulsion, power manag...

Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”), as agent and financing bank, and Banca Popolare di Sondrio S.p.A. (“BPOS”), as financing bank, on an up to US$50m financing granted to Ignazio Messina & C. S.p.A. (“Ignazio Messina”). This allows Ignazio Messina to finance the renewal of its fleet as part of an investment plan to build full container vessels of greater capacity and size than those it previously deployed....

Dinnteco America, an established pioneer in lightning protection technology, announced its latest solution for the marine, military, energy, and transportation industries – the Electromagnetic Charge Compensation Device (DDCE). The DDCE is designed to prevent direct lightning strikes by gathering positive charges from its immediate environment, while also gathering negative charges from the clouds and air. Lightning strikes to boat owners The upward path required for lightning can no lo...

GOST® (Global Ocean Security Technologies), a pioneer in marine security, satellite tracking, monitoring, and video surveillance, announced a revolution in maritime security with the launch of the GOST Specter Ai security platform.  The GOST Specter Ai platform leverages cutting-edge artificial intelligence to provide advanced facial recognition, object identification through machine learning, GPS location tracking, CAN bus data monitoring, and remote viewing of both system data and li...

Efficient installation and commissioning of onboard equipment is critical in the newbuild construction process. This has been demonstrated with successful sea trials for the first davits installed by Vestdavit on a series of US Navy fleet refuelling vessels being built by General Dynamics NASSCO. Proven performance PLRH-5000 davits excel in trials aboard USNS Robert F. Kennedy, ensuring smooth naval operations and newbuild deliveriesThe pair of high-specification PLRH-5000 rescue boat davits...

The International Association of Dry Cargo Shipowners (INTERCARGO) is deeply saddened by the tragic loss of four seafarers in the recent attack on a bulk carrier in Odesa on 11 March 2025. INTERCARGO fully supports the statement issued by IMO Secretary-General Arsenio Dominguez and condemns in the strongest terms any attacks on merchant shipping and the innocent seafarers in its service. International maritime law INTERCARGO emphasises that the safety of seafarers must remain paramount Speak...

Michael was raised in the Midwest, where he raced one-designed yachts extensively and sailed collegiately whilst attending the University of Wisconsin. Upon graduating with a BA in English Literature, he worked his way up from chartering in the Caribbean to racing in the Mediterranean, the Caribbean, and the Pacific. Michael then relocated to San Diego in 1992 to take a job as a service representative for Barient/Sparcraft during the America’s Cup. Prior roles of Michael For the past 25...

The Maritime Technologies Forum (MTF) has released a report providing recommendations on how to develop and implement a Safety Management System (SMS) for ammonia-fuelled ships. Recognizing the industry's forecasts on the uptake of future fuels with low to zero carbon emissions, ammonia has emerged as one frontrunner. However, it presents new risks, such as toxicity and corrosiveness. To address these challenges, MTF has developed guidelines to close previously identified gaps when implementing...

Technology group Wärtsilä will supply replacement engines for two inland waterway tug pusher vessels operating in Paraguayan rivers. The vessels are owned by ADM Naviera Chaco (ADM). The vessel modifications and new engine installations will be carried out in Asuncion-Paraguay. The orders were booked by Wärtsilä in Q2 and Q4 2024. The new engines will enable a reduction of the environmental impact and increase the efficiency of the tug pushers. ADM’s stated target is t...

In recent months, several oil majors have begun to turn away from renewables to refocus on fossil fuels. This will likely lead them to increase their capital budgets for developing deep-sea oil and gas reserves, requiring a balance of new (large-scale) floating production units and commercial vessels to transport products. In this article, they look at the differences between the terms on which commercial vessels are designed, constructed and delivered and those for projects for offshore floati...

Swiss marine power company WinGD has confirmed key parameters for its X-DF-A ammonia-fuelled engine design after full-load testing at its Engine Research and Innovation Centre in Winterthur, Switzerland. The performance and emission measurements deliver timely assurance as the first users prepare their vessels and auxiliary systems for ammonia fuel. NOx emissions for operation Emissions data was also urging, with ammonia emissions below 10ppm and N2O below 3ppm The tests confirm engine perfo...

Fincantieri and Norwegian Cruise Line (NCL), the pioneer in innovative cruise travel, celebrated the delivery at the Marghera (Venice) shipyard of Norwegian Aqua, the first ship of the expanded Prima Plus Class that Fincantieri is building for the cruise line. The ceremony was attended by Biagio Mazzotta and Pierroberto Folgiero, respectively Chairman, CEO and Managing Director of Fincantieri, and by Luigi Matarazzo, General Manager of the Fincantier...

DNV has awarded a detailed Approval in Principle (AiP) to Shell International Trading and Shipping Company Limited and Brevik Engineering for their design of a 74,000 cubic metres (cbm) liquid carbon dioxide (LCO2) carrier. The vessel is specifically designed for the Asia Pacific market to enable cost competitive transport of CO2. Development of larger vessels CCS is set to play a key role in decarbonisation of industry in Asia Pacific Carbon capture and storage (CCS) is set to play a key ro...

Maritime and offshore energy pioneers from Brazil, Argentina, Chile and throughout South America came together for the first meeting of the ABS South America Regional Committee. ABS is the pioneering classification society among South American and Brazilian shipowners and is the recognised class-of-choice for floating production storage and offloading (FPSO) units in the region. Maritime and offshore industries Kroustallis reported that ABS has continued to hold the number one position in glo...

Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investment in shipping. That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, during an appearance at the CERAWeek energy conference. Lack of carbon pricing “A carbon levy is a wild card. It will all depend on how it is implemented and enforced. There’s a huge question mark over whether this will deliver for the industry and there is much still to be decided,” s...