Maritime business news

CMA CGM INVESTS €200M IN FRENCH MARITIME DECARBONISATION

CMA CGM INVESTS €200M IN FRENCH MARITIME DECARBONISATION

French shipping company CMA CGM, alongside finance organisation Bpifrance, has announced a significant investment in an endowment aiming to bring together the main players in the marine sector in France to manage the decarbonisation of the French maritime sector. The...

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Danfoss
Coach Solutions
IBIA AND BIMCO COLLABORATE ON FUEL CHALLENGES

IBIA AND BIMCO COLLABORATE ON FUEL CHALLENGES

The International Bunker Industry Association (IBIA) and shipowner organisation BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the challenges and opportunities within the areas of bunkering, marine energy and maritime sectors to help...

BEARING COMPANY AIMS TO ‘GREEN’ AFRICA’S LARGEST FLEET 

BEARING COMPANY AIMS TO ‘GREEN’ AFRICA’S LARGEST FLEET 

Nigerian company Gelose Marine Services has joined Thordon Bearings’ network of authorised distributors to further the 'greening' of Nigeria’s fleet of domestic and international vessels with sustainable bearing solutions. Gelose's portfolio ranges from maritime...

WALLENIUS WILHELMSEN JOINS DECARBONISATION COALITION

WALLENIUS WILHELMSEN JOINS DECARBONISATION COALITION

Ro-ro operator Wallenius Wilhelmsen has added its voice to global public-private partnership, the First Movers Coalition (FMC), which is working to scale the most critical, emerging climate technologies required to decarbonise the world’s heavy-emitting sectors. The...

DUTCH  BATTERY COMPANY SECURES FUNDS TO INCREASE SUSTAINABILITY

DUTCH  BATTERY COMPANY SECURES FUNDS TO INCREASE SUSTAINABILITY

Rotterdam-based Nesec Financiering is contributing to an investment programme designed to increase maritime sustainability. By providing a strategic loan, Nesec will plays a pivotal role in the total capital attracted by EST-Floattech from Energietransitiefonds...

SHIP RECYCLING AT LOWEST LEVEL IN 20 YEARS

SHIP RECYCLING AT LOWEST LEVEL IN 20 YEARS

BIMCO reports that over the past two years, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for...

INTERCARGO AND RIGHTSHIP LAUNCH SUSTAINABILITY INITIATIVE

INTERCARGO AND RIGHTSHIP LAUNCH SUSTAINABILITY INITIATIVE

Dry Cargo Shipowner association Intercargo and digital maritime ESG platform RightShip have launched the Dry Bulk Centre of Excellence (DBCE), an independent, not-for-profit industry organisation dedicated to the administration of the Dry Bulk Management Standard...

Protea
CR Ocean
ONE SECURES INITIAL EU ETS CREDITS

ONE SECURES INITIAL EU ETS CREDITS

Japanese container shipping alliance Ocean Network Express (ONE) has made its inaugural European Union Allowances (EUA) transaction with BNP Paribas. According to ONE, commencing 1 January 2024, under the regulations of the EU Emissions Trading System (EU-ETS), the...

ELTRONIC FUELTECH STRENGTHENS PARTNERSHIP WITH CSTC SHANGHAI

ELTRONIC FUELTECH STRENGTHENS PARTNERSHIP WITH CSTC SHANGHAI

Eltronic FuelTech and China Shipbuilding Trading CSTC (Shanghai), a prominent player in the Chinese maritime industry, have formalised their collaboration by signing a Memorandum of Understanding (MoU). The mutual agreement signals a united commitment to advancing...

WÄRTSILÄ SIMULATOR PACKAGE FOR UAE

WÄRTSILÄ SIMULATOR PACKAGE FOR UAE

Wärtsilä has supplied its latest simulator technology to the Sharjah Maritime Academy, located in Khorfakkan, United Arab Emirates. The academy is one of the region’s leading providers of maritime studies, training and research. The advanced simulation facility, which...

NEW MAN SERVICE HUB WILL HELP ENABLE ALTERNATIVE FUEL TAKE-UP

NEW MAN SERVICE HUB WILL HELP ENABLE ALTERNATIVE FUEL TAKE-UP

The Singapore Maritime and Port Authority (MPA) has welcomed the opening of MAN Energy Solutions’ new mixed-purpose service facility that will expand its local business activities in Singapore. As one of the leading global engine makers of alternative-fuel engines,...

SWISS COMPANY DEVELOPS MARINE FUEL CELL

SWISS COMPANY DEVELOPS MARINE FUEL CELL

EH Group of Switzerland has joined H2Marine, a co-funded initiative by the EU’s Clean Hydrogen Partnership and SERI (Switzerland). The project is committed to innovation in hydrogen technologies, focused on the development of next generation PEM fuel cell (FC) stacks...

Ecospray Carbon capture technologies
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