Design and engineering consultancy Houlder has secured funding from Innovate UK’s Smart Shipping Acceleration Fund to develop an expanded module for its optimised modelling environment, HOME, that will enable shipowners to develop a roadmap for fleet decarbonisation...
Swedish maritime battery system supplier Echandia has closed a new funding round at SEK 220m, led by Alantra’s energy transition fund Klima, headquartered in Spain, together with Swedish venture capital fund Industrifonden, with additional investments from Swedish SEB...
Eastern Pacific Shipping (EPS) and SPDB Financial Leasing (SPDBFL) have signed a financing agreement for two newbuild LNG dual-fuel Neo-Panamax container ships. The signing ceremony took place in Shanghai, reinforcing the strong partnership between the two companies...
European Shipowners have strongly welcomed the recognition of shipping under the five sectors across which the European Commission's Clean Industrial Deal should be implemented. The Association of European Shipowners (ECSA) says that ensuring targeted investment in...
Following the launch of the new 20m and 24m WindWings, BAR Technologies and CM Energy Tech Co (CMET) have entered into an collaboration agreement to begin production of these models, responding to the surge in market demand from shipowners and operators of...
A collaboration agreement has been signed between classification society ClassNK and maritime data and technology company OceanScore to link the latter’s integrated solution for ClassNK ZETA (Zero Emissions Transition Accelerator) that enables users and related...
Mitsui OSK Lines (MOL) has invested in US company 13 Mari, a developer of ripple-shaped 'Flowsmart' elements that are retrofitted to ships' hulls, with the goal of developing and providing new solutions for GHG emission reduction. The ripple-shaped Flowsmart element...
Wind assisted propulsion system (WAPS) company Econowind, based in Zeewolde, the Netherlands, has secured €1m in development capital from Invest International to advance and test its VentoFoil XL, a 24m-30m high steel wind sail inspired by aviation technology. Similar...
Aiming to achieve net zero emissions, Mitsui OSK Lines (MOL) has announced the launch of a new programme, ‘Blue Action Net-Zero Alliance’. This programme is intended to contribute to reducing the Scope 3 GHG emissions of actual shippers and NVOCCs (non vessel...
Yara Clean Ammonia Switzerland has signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fuelled medium gas carrier due to be delivered in November 2026. Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical...
GTT, Cosco Shipping LNG Investment Shanghai (CSLNG) and Cosco Shipping Heavy Industry (CHI), have signed a strategic cooperation agreement. This is the first agreement with CSLNG, which specialises in LNG transportation project investment, shipbuilding and management....
UK company BAR Technologies has been involved in expansion plans reinforcing its commitment to delivering innovative solutions for a more sustainable future. The expansion follows what the company describes as a dramatic increase in enquiries in 2024, reflecting a...
Alfa Laval has signed an agreement to acquire UK company NRG Marine, a provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications. The move is considered to align with Alfa Laval’s strategy to provide its customers with...
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