The Documentary Committee of BIMCO has adopted a FuelEU Maritime Clause and an ETS Clause for incorporation into Memoranda of Agreements (MoAs) for the sale and purchase of ships. The FuelEU Maritime Regulation and the EU Emissions Trading System (EU ETS) can impact...
GT Wings, a UK-based wind propulsion company developing the AirWing Jet Sail system, has announced the close of a significant investment round led by Grieg Kapital, the investment arm of Norway's Grieg Group. Grieg Kapital is investing alongside other investment...
Marine energy storage systems (ESS) company Corvus Energy has signed a memorandum of understanding (MoU) with BYD Energy Storage of China to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector. The MoU in...
Spanish wind assisted propulsion systems (WAPS) company bound4blue has closed a US$ 44m funding round backed by maritime corporates, ship owning families, climate-focused investors and government capital. The round was led by Octave Capital, an investment...
Wärtsilä is strengthening its supply chain through a strategic partnership with Siempelkamp Giesserei, a key supplier of large cast components for Wärtsilä engines. The partnership is intended to give Wärtsilä reliable access to high-quality large cast components in a...
Low- and zero-carbon marine fuels organisation SGMF has appointed Dr Joseph Lambert as senior technical advisor. Lambert is a maritime energy and cleantech specialist with experience across government, academia, and consultancy. At the UK’s Department for Energy...
Nippon Yusen Kabushiki Kaisha (NYK Line) has signed an agreement with Australian resources company BHP Group to renew a memorandum of understanding (MoU) initially concluded in June 2022, reinforcing both companies’ commitment to support decarbonisation and improve...
The Global Centre for Maritime Decarbonisation (GCMD), AIM Horizon Investments and partners have announced the successful closing of the Fund for Energy Efficiency Technologies (FEET), securing total commitments of up to US$ 35m, exceeding its initial target. As the...
The Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has...
Goltens Worldwide and WE Tech Solutions of Finland have signed a Memorandum of Understanding (MoU) to jointly promote, sell, and deliver advanced marine retrofit projects aimed at improving vessel energy efficiency and reducing emissions. Under the agreement, Goltens...
The International Association of Dry Cargo Shipowners (Intercargo) and the International Bunker Industry Association (IBIA) have entered into a reciprocal membership agreement to reinforce collaboration between the dry bulk shipping and marine fuels communities. This...
Stena Line is strengthening its position in the Baltic Sea by acquiring Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland. Niclas Mårtensson, CEO Stena Line, said: “It is with great joy and enthusiasm that we at Stena...
Value Maritime is pleased to appoint MIE Group as its new commercial agent in Cyprus, reinforcing its commitment to expanding across the Mediterranean region. This marks Value Maritime’s fourth commercial agency agreement in 2025, underscoring its strategic focus on...
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