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...
Maritime risk and insurance solutions specialist FDR has warned that inland shipping operators face vast financial exposure due to outdated insurance policies that fail to reflect new European Union (EU) climate regulations. Without swift reform, vessel owners risk...
In a landmark deal to deliver immersive, next-generation training at scale to the maritime industry, ABS has signed an agreement to purchase the MetaSHIP intellectual property and related vessel simulator software assets from Orka Informatics as part of the strategic...
The Science Based Targets initiative (SBTi) has approved Baltic shipping company ESL Shipping’s near and long-term emission reduction targets as the first company in the general cargo segment. Approval means that the targets, which include ESL's subsidiary AtoB@C...
The Women’s International Shipping & Trading Association (WISTA International) and BIMCO, the global trade association whose members represent 64% of the world’s tonnage, have signed a Memorandum of Understanding (MoU) to formalise collaboration in promoting...
Maritime energy storage systems (ESS) supplier Corvus Energy has secured a US$ 60m growth capital injection from a group of blue-chip international investors, led by Morgan Stanley Investment Management and including Just Climate and J Lauritzen. Founded in 2009,...
Rottneros, a producer of pulp and moulded fibre from sustainable forests, is continuing its partnership with AtoB@C Shipping, part of ESL Shipping, with a new long-term contract. AtoB@C Shipping will employ one of its new plug-in hybrid vessels for the Rottneros...
German propulsion company Schottel is further expanding its international network with the opening of a new subsidiary in the UK, thus strengthening its market presence in the UK and Ireland and laying the foundation for closer collaboration with local customers....
Wärtsilä has signed a 10-year lifecycle agreement with Hong Kong based OPearl LNG Ship Management covering a total of 14 LNG carrier vessels. The agreement is designed to ensure the vessels’ maximum operational reliability by enabling flexible maintenance scheduling...
The Dutch Value Group has signed a commercial representation agreement with Korean company Union Tech, appointing the company as the technical consultant and agent for Value Maritime’s solutions in South Korea. As Value Maritime’s representative in South Korea, Union...
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