Rising costs - News
ABS unveiled plans to create a pioneering new ship safety centre in Athens harnessing the power of new immersive training techniques, game-based learning and virtual reality environments for the Greek shipping community. The Hellenic Ship Safety Centre is designed to prepare seafarers to handle a multi-dimensional industry with alternative fuels and emerging technologies, recognising that decarbonisation advances that do not prioritise safety are not sustainable. Range of new skills and compet...
Stolt Tankers is expanding implementation of Shipshave’s In-Transit Cleaning of Hulls (ITCH) solution across its fleet after seeing significant fuel savings of over 10% from initial trials of the innovative technology to boost energy efficiency, reduce its carbon footprint and cut emission costs. Fleet sustainability As the world’s largest operator of chemical tankers, Stolt Tankers is adopting a range of technologies to enhance the sustainability of its fleet towards the goal of r...
Unifeeder A/S and MPC Container Ships ASA (MPC) announced a new strategic collaboration to make joint investments into Energy Efficiency Technology (EET). The partnership will see the parties unite to increase decarbonisation and efficiency in maritime transport, driving forward Unifeeder’s own target to cut its emissions by 47% by 2030 and support customers to accelerate their Scope 3 reductions. Advanced EET solutions Unifeeder and MPC will jointly invest in efficiency-enhancing retro...
RightShip, a pioneering global environmental, social, and governance (ESG) focused digital maritime platform, has partnered with ZeroNorth, a pioneer in data-driven maritime optimisation. Users of either platform will be able to visualise and utilise RightShip's GHG 2.0 Rating, along with RightShips’s Safety Score, and ZeroNorth's advanced CII Emissions Analytics solution. The collaboration will ensure users are provided with a comprehensive view of their performance to enable enhanced de...
Inchcape Shipping Services, a global major in port agency and marine services, is proud to announce the successful acquisition of Grieg Logistics AS from the Grieg Group. This move marks an exciting development, solidifying Inchcape's commitment to servicing customers with quality operations and people in every port. Under the new ownership, Grieg Logistics will continue to operate under the same name for a period and existing management headed by CEO Stig Trygve Andersen. Strengthening active...
ABS and representatives from an HD Hyundai Heavy Industries (HHI) consortium signed a pioneering joint development agreement (JDP) that paves the way for the onboard manufacture of repair parts. Using a digital library for the design process and 3D printing, also known as additive manufacturing (AM), the consortium aims to support rapid maintenance, repair and operations (MRO) on sailing merchant vessels focused on metallic materials. Project partners include ABS; HHI; CScam, 3D print...
Inchcape Shipping Services, a global pioneer in port agency and maritime services with over 177 years of maritime experience, introduces OneCape DA, an independent specialist disbursement account management solution designed to navigate the operational complexities of port calls, freeing customers to focus on their strategic priorities. The expert team manages all aspects of disbursement accounts, ensuring clients only pay what is necessary. They understand the maritime industry, its network, a...
Tototheo Maritime, a group of companies at the forefront of maritime satellite communication technologies, proudly announces its strategic rebranding to Tototheo Global. This significant milestone marks Tototheo’s evolution to a pioneer in technology solutions. Tototheo Global is now set to deliver comprehensive, innovative services across multiple sectors, including land, sea, and air, with a strong emphasis on connectivity, IoT, AI-driven analytics, and custom software development. The...
Watson Farley & Williams advised EDT Shipmanagement Ltd. on a US$24m sale and leaseback financing transaction in connection with a 91-loa multipurpose platform supply vessel Peridot (built 2005). The vessel, initially purchased by EDT from the Israeli government, was sold to the financing lessor and then subsequently leased back from them under a five-year fixed rate bareboat charter with purchase options exercisable at certain points during the lease period. WFW Athens Maritime team The...
Peel Ports Clydeport has signalled its intention to invest up to £150 million in the redevelopment of the Hunterston marine yard in Ayrshire, as it prepares the site to support the UK’s offshore wind sector. Hunterston PARC is being prepared for occupancy as it seeks to attract major offshore wind projects, amid growing demand for the offshore wind supply chain on the UK’s west coast. Redevelopment of the site A formal planning application for the redevelopment of the site h...
Valenciaport has participated in the III International Forum on Marine Litter and Circular Economy – MARLICE 2024, held in the Veles e Vents building in the city of València, from 22 to 24 May 2024. Specifically, the participation of the Port Authority of Valencia (PAV) has focused on the session ‘Tourism and marine litter: strategies for a positive impact’. In it, the need to train and raise awareness among employees of tourism companies – shipping and hotel comp...
Leading marine insurance specialist Lockton Marine has partnered with London International Shipping Week 2025 (LISW25) to showcase its global expertise. Lockton Marine, part of Lockton, the world’s largest independent brokerage, has become the official LISW25 Marine Insurance Partner, bringing its deep sector knowledge and entrepreneurial spirit to the week-long international London event. Numerous LISW25 debates Alistair Rivers (pictured), Head of Lockton Marine, commented: “Lo...
This year, like any other Maritime UK is taking a stand to support women in the sector, urging the industry to get involved in Women in Maritime Day. International Day for Women in Maritime 2024 (18th May) celebrates women in the industry and is intended to promote the recruitment, retention and sustained employment of women in the maritime sector. Enhancing safety measures This day shines a spotlight on the progress of industry has made over the last year, but also the changes we as an ind...
Zero-emissions goal energised by Forum Mobility’s new charging stations. A new charging depot that will be operated by Forum Mobility broke ground Wednesday, aimed at meeting the accelerating demand for heavy-duty electric trucks serving the Port of Long Beach. The facility, scheduled to go online in the fall, moves the Port closer toward achieving a goal of zero-emissions operations for drayage trucks by 2035. Mobility’s new charging depot “As an industry pioneer in the sus...
Orbital Marine Power (Orbital), the renewable energy company focused on the commercial deployment of its innovative floating tidal turbine technology, has selected Global Energy Group as preferred supplier to lead the manufacture and assembly of turbines for the company’s initial Orkney projects which have secured contracts under the UK Government’s Contract for Difference auction rounds 4 and 5. Turbine manufacture It is anticipated that turbine manufacture will start at Global...
Vessel lifecycle management provider ACEL Group of Norway enlisted Finnish power electronics specialist The Switch, a BEMAC Group company, to supply its robust single drives as part of an extensive midlife upgrade of the multipurpose offshore vessel Island Frontier (built-in 2003). Vessel upgrade The upgrade prepares the ship for another 20 years of demanding operations amid an increasing appetite for retrofits versus new builds. ACEL Group subsidiary Haf Power Solutions (HPS)’s c...
NAVTOR is calling on hydrographic offices and other industry stakeholders to help urgently “bridge the divide” between vessels and management teams with the widescale roll-out of onshore ENCs. Without a joined-up, global approach to the issue, the Norwegian maritime technology company says important development areas such as autonomous shipping, route planning, optimisation, and effective emergency response measures could be held back. NAVTOR’s Paul Elgar describes the current...
One of Scotland’s major cruise ports is gearing up for another bumper cruise season following the launch of its new £20m visitor centre. Greenock Ocean Terminal and the River Clyde will welcome 79 cruise liners, carrying up to 115,000 passengers throughout 2024, with early bookings for 2025 already heading towards a new record for the port. Regal Princess The cruise port welcomed its first big vessel of the season on April 26, 2024, with the huge Regal Princess, capable of carryin...
The Port of Las Palmas is a key strategic mid-Atlantic maritime and logistics hub serving the offshore energy sector as well as ships sailing to and from Africa, Europe, and the Americas. Lately, it has also been playing a vital role in refuelling vessels diverted around Africa from the Red Sea and Suez Canal. Maritime Week Las Palmas Maritime Week Las Palmas - the second edition of which takes place from 17-19 June at the famous Santa Catalina Hotel in Las Palmas de Gran Canaria - will...
The Shipping industry expertise and history come together for London International Shipping Week (LISW25) in the form of Lloyd’s Register which has just signed up for the 2025 running of this popular industry event. In its role as Blue Sapphire Legacy Sponsor, Lloyd’s Register brings more than 260 years of trusted worldwide professionalism and strong industry relationships to LISW25. Efficiency, and resilience Central to its input will be a strong commitment to sustainability,...
ABB has been selected by the Maine Department of Transportation (MaineDOT) to supply a comprehensive grid-to-propeller solution for the new double-ended, hybrid-electric ferry that will provide essential services between the town of Lincolnville and the island community of Islesboro in the United States. Due to replacing an existing diesel-powered ferry, the new vessel will demonstrate the preference of publicly funded organisations in the US for the high reliability and lower emissions a...
Ceremonies and celebrations were recently held in Vancouver harbour for a pair of ElectRA 2300-SX battery electric tugs designed by Robert Allan Ltd. and built by Türkiye’s Sanmar Shipyards. Both tugs are owned and operated by SAAM Towage Canada and represent major milestones in the Port of Vancouver’s goal of becoming the world’s most sustainable, as well as SAAM Towage’s leadership in the drive to the decarbonisation of harbour operations. Neptune terminals...
ABS and the U.S. Department of Energy (DOE) are to collaborate on clean energy development in the maritime domain and decarbonisation of maritime operations, after signing a new memorandum of understanding (MOU). The agreement between the DOE’s Office of Energy Efficiency and Renewable Energy (EERE) and ABS is designed to leverage the experience and capabilities from both organisations to support emissions reduction initiatives that benefit the maritime industry. Clean energy initiatives...
The World Shipping Council (WSC) is calling on the EU to design policy frameworks that facilitate the essential role of shipping in a globally connected economy and to forge the path to net-zero shipping by 2050 in partnership with industry. 2024-2029 legislative term Outlining its recommendations for the 2024-2029 legislative term, the WSC urges the EU to: Work to secure effective global greenhouse gas (GHG) reduction regulations and implement the Green Deal to ensure that...
Watson Farley & Williams (“WFW”) has advised Crédit Agricole Corporate and Investment Bank (“CACIB”) as an agent, SACE S.p.A and a syndicate of nine banks on pre and post-delivery loan facilities granted to Norwegian Cruise Line Holdings Ltd. (NCLH) for the acquisition of four cruise vessels currently under construction at Italian shipyard - Fincantieri S.p.A. The loan facilities are backed by the Italian export credit agency - SACE S.p.A. Decarbonisati...
Babcock and Roshel, a manufacturer of armoured special purpose vehicles, have signed a memorandum of understanding (MOU) to collaboratively explore opportunities to support the Canadian Armed Forces. For over 16 years, Babcock has been proud to play a critical role supporting Canada’s safety and security. With a focus on mission critical assets, Babcock is trusted to support members of the Canadian Armed Forces from coast-to-coast. As Babcock expands its operations in Canada, it continue...
With an important new product introduction, technology group Wärtsilä offers operators of offshore vessels, ferries and tugs notable improved operational performance and greater efficiency. The company’s new high-performance thruster and propulsion control solution package utilises a combination of Wärtsilä’s WST-E embedded electric steerable thruster and WST-R retractable thrusters, together with an updated remote propulsion control system featuring an enhanced...
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 a...
Thordon Bearings, the pioneer in water-lubricated bearings, secured a new order for a rudder bearing that was fitted to a 77.1 m (253 ft) research ship that frequently operates in ecologically sensitive marine environments. The order underscores the value of Thordon’s grease-free bearing and seal solutions in helping to keep oceans and seas clean. The 38-year-old Ocean Endeavour, operated by the UK’s Gardline, a multi-disciplinary marine survey company that operates a fleet of 13...
Coastal Workboats, a renowned name in the maritime industry for its commitment to sustainability, will collaborate with EST-Floattech, a pioneering provider of energy storage solutions for the maritime sector. EST-Floattech will be providing the battery system for the purpose-built Electric-Landing Utility Vessel (E-LUV) to be built at Coastal Workboats' new yard Stornoway and the Shore-based Power Supply System (SPSS). The collaboration with Coastal Workboats Scotland marks a significant step...