Marine energy storage systems (ESS) company Corvus Energy has signed a memorandum of understanding (MoU) with BYD Energy Storage of China to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector. The MoU in...
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and insurance solutions specialist FDR has warned that inland shipping operators face vast financial exposure due to outdated insurance policies that fail to reflect new European Union (EU) climate regulations.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...
Japanese ship operator Nippon Yusen Kabushiki Kaisha (NYK), has jointly developed an AI-based system with MTI and Grid that automates and optimises the allocation plan of car carriers, which NYK says will lead to significant reduction in GHG emissions. NYK operates...
According to the Venture Acceleration Alliance (VAA), maritime scale-ups developing low-carbon technologies are being stalled by the very corporates that claim to need them. A survey of 30 founders found no company scored above 6.5 out of 10 for collaboration,...
Japanese shipowner Nissen Kaiun has become a shareholder in Dutch wind-assisted propulsion system (WAPS) developer Econowind, a move said to highlight growing industry interest in fuel-neutral technologies. The Imabari-based shipping company, which operates a...
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