The Volkswagen Group has entered into an exclusive arrangement with private investment group Bain Capital for the sale of its majority stake in Everllence – 51% of the shares are to be transferred to Bain Capital. With this transaction, Volkswagen wants to...
The International Chamber of Shipping (ICS) Board of Directors has appointed John Denholm as Chairman, succeeding Emanuele Grimaldi, who concludes four years as Chairman after leading the organisation through a period of unprecedented challenge and change for...
European Shipowners (ECSA) is asking the European Commission to scale up the sector's decarbonisation by using the EU and national ETS revenues for investment in making sustainable fuels and technologies available for transport. In this move, ECSA is joining with...
The Sustainable Shipping Initiative (SSI) has announced that international shipbroking and financial services group Braemar has joined SSI as a member. Braemar becomes the latest organisation to join SSI's 'Commercial Pathways to Transition' workstream, which brings...
Grieg New Energy, part of the Grieg Maritime Group, is among investors joining Norwegian marine battery developer Nereida’s shareholder base. Nereida offers battery solutions for a broad range of vessels, from offshore to ferries, with a proprietary control system and...
BIMCO has adopted a Biofuel Clause for Time Charter Parties to address legal and operational challenges as the use of low-carbon fuels in shipping increases. As the shipping industry decarbonises, regulatory frameworks can reshape companies’ fuel strategies. The...
StormGeo and OceanScore have deepened their cooperation through the signing of a new collaboration agreement which combines StormGeo’s experience in operational vessel and emissions data with OceanScore’s experience in emissions compliance workflows across EU ETS,...
Berg Propulsion has reached a formal partnership agreement with Stone Marine Services (SMS), a Scottish specialist in propulsion system retrofits and repairs, in a commitment to expand service and support activities across the UK and Ireland. The new arrangement...
BAR Technologies has appointed Panmarine & Industrial Services as its commercial consultant for Greece, Cyprus and connected territories, strengthening its regional presence as wind assisted propulsion systems (WAPS) moves into wider adoption as a practical...
Wärtsilä is to invest around €90m to further expand its technical production capacity by 30% at its Sustainable Technology Hub (STH) in Vaasa, Finland and across its associated global supply chain. This expansion follows a 35% increase in technical production...
Wah Kwong NatPower Holdings has signed a Memorandum of Understanding (MoU) with Chu Kong Shipping Enterprises Group (CKS), a subsidiary of Guangdong Provincial Port & Shipping Group Company. The two parties have agreed to establish a cooperative framework based on...
The latest member of the Maritime Battery Forum (MBF) is OSK Design, an internationally recognised maritime design and consultancy firm, which offers a long-standing track record in advanced vessel design and early adoption of hybrid and electric propulsion systems....
ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing of a memorandum of understanding (MoU) to support PIL’s participation in Book and Claim registries, enabling credible and independently verified claims of emission...
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