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and insurance solutions specialist FDR has warned that inland shipping operators face vast financial exposure due to outdated insurance policies that fail to reflect new European Union (EU) climate regulations.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...
Seçkin Uz has been appointed Managing Director of Schottel’s sister company elkon, in addition to his present and continuing role as Managing Director of Schottel Turkey. At elkon, Uz will be dedicated to utilising various synergies between propulsion specialist...
The Poseidon Principles for Marine Insurance, an initiative backed by the Global Maritime Forum to drive decarbonisation of international shipping through transparency, has issued its second annual disclosure report. This report arrives amidst a transformative year...
Wallenius Wilhelmsen has signed a significant multi-year shipping contract with an unnamed Asian company, described as Korea’s leading construction machinery company. The new agreement, which has a duration of three years, plus a two-year extension option, is valued...
PCTC operator Höegh Autoliners has signed a new contract with a major East Asian car producer for the transport of cars, mainly electric vehicles (EVs), from Asia to Europe, for shipments until the end of 2028. Andreas Enger, CEO Höegh Autoliners, said: “We are happy...
ITT has announced that it has completed the acquisition process for the Denmark-based Svanehøj Group , a supplier of pumps and related aftermarket services for cryogenic applications in the marine sector. ITT previously announced the acquisition in November...
Zero-emissions energy specialist Corvus Energy has secured an investment from Woven Capital, Toyota’s growth fund, to accelerate the development of its growing product portfolio in battery storage and hydrogen fuel cells, and to support expansion into new geographical...
Two major operators of container ships, Denmark-based A.P. Moller-Maersk company Maersk and Hapag-Lloyd of Germany have signed an agreement for a new long-term operational collaboration to be known as 'Gemini Cooperation', scheduled to begin in February 2025. The...
According to shipowner organisation Danske Rederier, the European Parliament has adopted a so-called own-initiative report which calls on the Commission for an EU Port Strategy that acknowledges the crucial role of ports in the green transition of the maritime...
Tanker operator Euronav, which recently announced its intention to acquire fellow Belgian company CMB.Tech, has announced its new diversification and decarbonisation strategy. The acquisition follows an unsuccessful merger approach by another tanker company,...
Maritime trading software provider Sea is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets. This addition to Sea’s all-in-one platform for pre-fixture...
UK company Infospectrum, an independent global provider of counterparty risk appraisal reports and ratings, due diligence research and KYC intelligence in the markets including shipping, energy and commodities, has launched the Infospectrum ESG Assessment Report...
Arsenio Dominguez, who took up office as Secretary-General of IMO on 1 January, has named the new IMO Senior Management Committee members. In his new year message, Dominguez pledged to build on IMO's successes and do more. He said: "With me as the 10th Secretary...
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