A new partnership integrates Viam’s maritime AI technology with Rivertrace’s oil-in-water monitors, with the aim of to improving compliance, reducing pollution, and modernising maritime operations at scale. Viam’s software platform will support Rivertrace in...
Damen Shiprepair and Alfa Laval Benelux have signed a memorandum of understanding (MoU) to intensify their co-operation on energy efficiency in the maritime industry. The partnership brings together two key players committed to supporting shipowners in their...
UK-headquartered maritime technology company Orca AI has secured additional investment of US$ 72.5m in Series B funding, in a round led by Brighton Park Capital with participation from existing investors Ankona Capital and Hyperlink Ventures. The investment will...
HD Hyundai and A.P. Moller - Maersk (Maersk) have signed of a Memorandum of Understanding (MOU) to establish a collaboration on decarbonisation solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its...
Wind propulsion company Norsepower has signed a strategic Memorandum of Understanding (MoU) agreement with COSCO Shipping Heavy Industry Equipment Nantong (CHIC) to accelerate the serial production, sales, installation, and service of Norsepower rotor sails in the...
MAN Energy Solutions has signed a framework agreement with COSCO Shipping Heavy Industry (CHI) regarding their future cooperation on decarbonisation retrofit projects. Guo Zhiqiang, Deputy GM, CHI Commercial Headquarters, said: “I am pleased to announce that CHI and...
Wärtsilä is set to expand its state-of-the-art technology centre Sustainable Technology Hub in Vaasa, Finland, with a €50 million total investment. Expanding the R&D testing capabilities and facilities will enhance Wärtsilä’s ability to meet the growing...
Alfa Laval has completed the acquisition of UK-based NRG Marine, a provider of ultrasonic antifouling technology for various applications including marine. This strategic move strengthens Alfa Laval’s capabilities towards enhancing energy efficiency and operational...
According to maritime data analyst OceanScore, shipping companies must evaluate a range of compliance options under FuelEU Maritime that can have a significant financial impact if not managed properly. Continuous forecasting is essential for an effective compliance...
European Shipowners (ECSA) and Sea Europe have issued a joint statement calling on the European Commission (EC) to include the maritime sector in the European Industrial Maritime Strategy as well as in the Sustainable Transport Investment Plan (STIP). The two...
Tesvolt Ocean, a specialist German provider of energy storage systems tailored to the maritime industry, has joined the Maritime Battery Forum (MBF). As a joint venture between Tesvolt Maritime Solutions and Ocean Batteries, Tesvolt Ocean combines innovative battery...
Singapore-based Motion Ventures has unveiled its US$ 100m second fund (Motion Ventures Fund II or 'Fund II'), believed to be the largest maritime-focused tech fund to date. Shaun Hon, Founder and General Partner, Motion Ventures, said: “We launched Motion Ventures...
Industry coalition Sea-LNG has confirmed its latest board of directors with new representatives from Bernhard Schulte Shipmanagement (BSM), Galveston LNG Bunker Port, MAN Energy Solutions, MSC Mediterranean Shipping Company, Sohar Port and Freezone, and Titan Clean...
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