Rising costs - News

Ahlsell Sverige AB has entered into an agreement to acquire all shares in Inseco AB. Inseco provides industrial fastening products and services for the engineering industry as well as the power and energy sectors. Industrial fastening products Through this acquisition, Ahlsell strengthens its offering in industrial fastening, gaining increased expertise, a broader product range, various VMI (Vendor Managed Inventory) solutions and enhanced availability in a new geographic area. Additionally...

Kpler, a data and analytics platform for trade intelligence announced its acquisition of Spire Maritime, a prominent provider of satellite-powered data for real-time global vessel tracking. This strategic move aims to enhance Kpler’s maritime coverage and deliver unmatched insights into global vessel movements and shipping logistics. Real-time visibility and analytics Mark Cunningham, CEO of Kpler, emphasised the impact of this acquisition, “By acquiring Spire Maritime, we will ma...

Change is on the horizon. On 1 January 2025, FuelEU Maritime arrives, and with it a whole new approach to measuring, and reducing, the fleet emissions. To ensure compliance, flexibility and strategic business advantage they have to act now. But how? What are the foundations for success in a new regulatory reality? How can they turn complexity into smooth sailing, and profitable decision making? NAVTOR’s Jacob Clausen has some easy answers. 1. Ensure they Are Collecting the Right Data Th...

The push towards decarbonisation is slowing down rather than speeding up. With ambitious global goals looming ever larger on the horizon, what can they do to re-invigorate collective efforts? And profit from that push?   Ahead of next year’s Nor-Shipping, Knut Ørbeck-Nilssen, CEO Maritime DNV, says efficiency, timing and people are critical to “getting this show on the road.” Reduction by 2030 The scale is the IMO goals of a 20% emissions reduction by 2030, a 70%...

From 23-25 October 2024, the international maritime exhibition Europort Istanbul celebrated its long-awaited return to reconnect national and international shipping companies, shipbuilders, equipment & service suppliers. This 7th edition was held in the modern facilities of Yenikapi Expo Centre on the European side of the Marmara Sea and hosted more than 400 exhibiting companies from 35 countries.  International vibe The international vibe was also reflected by the various country p...

bound4blue has consolidated its position at the forefront of shipping’s revolution with a landmark contract with Maersk Tankers. The agreement is the largest wind-assisted propulsion system (WAPS) agreement for bound4blue to date, with 20 of the company’s type-approved eSAIL® suction sails to be installed on five MR tankers in 2025 and 2026. Turnkey efficiency Maersk Tankers identified the eSAIL® as a solution of choice in partnership with green technology catalyst Njord,...

The aim of the recently agreed cooperation between the two German technology companies AVAT and Kompressorenbau Bannewitz GmbH (KBB) is to make turbocharger technology for large combustion engines even more powerful and efficient through digitalisation. Turbochargers are a key factor for the performance and efficiency of internal combustion engines used in ships and stationary power plants for energy generation. Innovative digital solution New hardware and software will be able to collect and...

A subsidiary of Klaveness Combination Carriers ASA has entered into an agreement with the builder of the CABU III newbuildings, Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd, to install its first ever Wind Assisted Propulsion System (WAPS) with two bound4blue eSAILs® suction sails on the third CABU III newbuilding for delivery in Q3 2026. The newbuild will be one of the first tanker/dry bulk vessels to feature bound4blue’s cutting-edge WAPS te...

Kongsberg Maritime has delivered its 1,000th ship design-the IWS Seawalker, a state-of-the art windfarm service operation vessel (CSOV), and one of six ‘Skywalker Class’ UT5519 DE for IWS Fleet. In a naming ceremony in the port of Hanstholm, Denmark, the IWS Seawalker, becomes the third Skywalker Class vessel to be delivered, and is due to be deployed in the North Sea in the coming weeks. Innovative vessel designs Kongsberg Maritime’s design team has been delivering inn...

The Brun Bear Foundation, a registered charity established by Edwin Lampert, executive editor of Riviera Maritime Media, is pleased to announce the launch of “Mealtimes With My Maritime Friends.” This unique cookbook celebrates the global maritime community while raising funds for important causes. Featuring 60 inspiring recipes from around the world, contributed by prominent figures in the maritime industry, this book offers a taste of maritime culture alongside the personal storie...

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Inmarsat Maritime, a Viasat company, are pleased to announce that “K” LINE will conduct a trial of Inmarsat Maritime's new bonded network service NexusWave on “K” LINE's fleet. NexusWave seamlessly integrates multiple high-speed networks in real-time to enable high-speed, always-on ship-to-shore communications, thereby enhancing digitalisation of ship operation and environmental response, as well as the welfare of se...

INTERCARGO, the International Association of Dry Cargo Shipowners, has announced significant changes to its leadership following its Annual General Meeting. The new appointments will take effect from 1 January 2025. In recognition of their distinguished service, Mr. Dimitrios Fafalios has been appointed Honourary Chairman following six years as Chairman. Mr Fafalios, President of Fafalios Shipping S.A., has led INTERCARGO through significant developments in the shipping sector since 2019, havin...

Important decision by the Federal Ministry for Economic Affairs in Berlin and the Federal Network Agency in Bonn: the Hamburg Hydrogen Industry Network ‘HH-WIN’ will become part of the nationwide, almost 10,000-kilometre-long hydrogen core network. This means that Hamburg's industry will be able to benefit from a standardised hydrogen network fee in the future.For Hamburger Energienetze GmbH, which is implementing HH-WIN in the port area of Hamburg, this step will provide financial...

The decision in Verein KlimaSeniorinnen Schweiz and Others v. Switzerland has set a precedent requiring state parties to the European Convention on Human Rights to assess the effectiveness of their legislative regimes to protect individuals who are most vulnerable to the effects of climate change. While this is a finding against states, they are likely to seek to comply with their own obligations under international law by introducing new domestic laws and regulations affecting busine...

ClassNK has granted the class notation ‘a-EA (GRS)’ to ‘BRIGHT QUEEN’, the bulk carrier operated by NYK Bulk & Projects Carriers Ltd., certifying the use of green steel. This is the world’s first case of a notation being affixed for using green steel in a vessel. There’s a growing focus on using green steel, which reduces GHG emissions in the manufacturing process, in ships as part of efforts to cut GHG emissions across the entire supply chain. To support...

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels, which again strengthens the company's market-pioneering position in this sector. The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner. The order was booked by Wärtsilä in Q3 2024. Wärtsil&...

They were proud to attend an event on Sunday 13 October to mark the commencement of rail services at Belfast Grand Central Station after playing a major role in the construction of the new rail infrastructure at the world-class transport hub. Now Ireland’s largest state-of-the-art integrated station for train, coach and bus travel all under one roof, the new station provides enhanced local and international connectivity across Northern Ireland, Republic of Ireland and beyond, transforming...

Poole Harbour Commissioners were proud to bid farewell to Pip Hare on Monday 14 October at 11:00 as she set sail for France in preparation for the prestigious Vendée Globe 2024. As one of the most challenging and renowned events in the sailing world, the Vendée Globe will see Pip take on a monumental solo journey, circling the globe without stops, assistance, or crew. Unpredictable conditions The race, which starts on 10 November 2024 from Les Sables-d’Olonne, France,...

Poole Sea Cadets recently unveiled their ambitious expansion plans at a well-attended public meeting, drawing over a hundred participants, including members of the public, families, local councillors, and MP Vikki Slade. The meeting highlighted the unit’s success in attracting a growing number of recruits but emphasised the need for a new headquarters to accommodate this growth. Proposed new facility The event featured a concert by the unit’s award-winning marching band, which...

SMA is in an exciting phase and is working actively to reduce its climate impact. It is now clear that the Artemis EF-12 Pilot boat will be a part of the pilot boat fleet and is estimated to be in full operation from spring 2026. "This is certainly a game changer when it comes to electric boats in terms of range and energy efficiency. It is one of many steps for us at SMA to reduce the use of fossil fuels in our operations," says Erik Eklund, Director General, SMA. Energy consumption The ener...

APM Terminals Maasvlakte II (APMT MVII) will equip its terminal with shore power from 2028. This is a significant step in making the port of Rotterdam sustainable. For this purpose, the company has signed an agreement with Rotterdam Shore Power comprising a partnership between the Port of Rotterdam Authority and Eneco. This means that from 2028, sea-going vessels will be supplied with clean energy while staying in the port. Agreement with Rotterdam Shore Years of trial and coalition preceded...

In celebration of the 108th anniversary of the Institute of Engineering, Décio da Silva, Chairman of the WEG Board of Directors, received the title of Eminent Engineer of the Year 2024 at the award ceremony held yesterday (10th) in São Paulo. The ceremony, organized by the Engineering Institute, celebrated his successful trajectory and contributions to the industrial sector. The event was broadcast live on the Institute’s website and YouTube channel. Largest international p...

In the wake of the devastation caused by Hurricane Milton and Hurricane Helene, Norwegian Cruise Line Holdings Ltd. (NCLH) has announced a total contribution of $80,000 to the American Red Cross to help those in affected communities. In addition to the $30,000 it previously donated to the Red Cross to support Hurricane Helene relief efforts, it will match up to $50,000 more in public donations toward Hurricane Milton relief efforts. This contribution aims to provide immediate relief to the comm...

Now they’ve cut steel on HMS Formidable, the third of five Inspiration Class frigates they’re building for the Royal Navy at their Rosyth facility in Scotland, marking the official start of the ship’s build programme. Coming only 20 months after the steel cut ceremony for the second ship, HMS Active, this highlights the rapid progress being made on the Type 31 programme and the important sovereign defence capability being delivered at the world-class facility. Nearing structu...

Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, has unveiled details of its new culinary venue, the Crêperie, debuting on Allura™, its newest ship launching in July 2025. The Crêperie, located next to Baristas, the line's signature coffee bar, will offer a selection of tempting French crêpes, Bruxelles waffles and bubble waffles, alongside Italian ice cream sundaes, from mid-morning throughout the afternoon. The Crêperie...

Bronze bearings in the stern roller of the Anchor Handling Tug Supply (AHTS) Vessel ES Kestrel have been replaced with grease-free SXL bearings from Thordon Bearings while the vessel remained afloat and operational. The replacement was undertaken in May 2024 by Thordon’s Dubai-based distributor Ocean Power International (OPI) for the AHTS owner Echo Cargo & Shipping of U.A.E. While typically checked during routine drydocking, the vessel’s stern roller was experiencing turning is...

The delivery of the fourth Multipurpose Combat ship (PPA) “Giovanni delle Bande Nere” took place at Fincantieri’s shipyard in Muggiano (La Spezia). The ceremony was attended, among others, by Vice Admiral Andrea Gueglio, Director of the Italian Navy Military Personnel Directorate, by Admiral Chief Inspector Giuseppe Abbamonte, Director of the Naval Armaments Directorate - NAVARM, and Mr. Joachim Sucker, OCCAR Director, welcomed by Attilio Dapelo, Senior Vice President Oper...

Watson Farley & Williams (“WFW”) advised MET Group (“MET”) on its investment, by way of a partnership agreement with Celsius Group (“Celsius”), in one modern LNG carrier to be constructed by China Merchants Heavy Industry (Jiangsu). The LNG carrier is scheduled to be delivered in 2027 and will support MET’s growing LNG activities. The purchase supports MET’s strategy to enhance its ability to supply its customers with LNG from various sources...

ABS presented an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its new design of an ammonia floating production storage and offloading (FPSO) unit. Called Samsung Ammonia Blue, the concept features advanced safety components with an expected production capacity of 1.2 million tonnes per annum of ammonia. Class and statutory requirements ABS completed design reviews on the topside process, interface system and layout based on class and statutory requirements. “With o...

ABS issued an approval in principle (AIP) to pioneering Japanese companies at Gastech 2024 for two liquid carbon dioxide (LCO2) carrier designs with Type-C cargo tanks that do not require performing post-weld-heat-treatment based on the demonstration of an engineering critical assessment (ECA). ABS reviewed the drawings based on class and statutory requirements for the two designs, a 50K cubic metre carrier and a 23K cubic metre carrier, featuring Type-C cylindrical tanks made of carbon ma...