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...
Kongsberg Maritime has formed a strategic collaboration alliance with Turkish company BMA Technology, based east of Istanbul, a technology company providing electrical system solutions for the marine industry. The partnership will support the supply of low voltage...
Maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AiP) with China Classification Society (CCS), a member of the International Association of Classification Societies (IACS), and the primary class society in China that...
Spanish retail group Inditex has partnered with Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier. Through Maersk's ECO Delivery Ocean programme, fossil...
With the shipping industry facing an increase in new regulations from IMO and the European Union leading to increased urgency to decarbonise, BIMCO has developed a new CII Clause for Voyage Charter Parties. This latest addition to BIMCO’s portfolio of carbon clauses...
As the global shipping industry celebrates 2023's World Maritime Day (28 September) with its central theme of 'Marpol at 50', the International Association of Dry Cargo Shipowners (Intercargo) has stressed its commitment to the full implementation of Marpol...
Following a test operation of the Supramax bulker 'Albion Bay' using marine biofuels in 2022, Kawasaki Kisen Kaisha ('K' Line) has now established a system for certifying the amount of CO2 reduction from marine biofuels and issuing certificates. 'K' Line carried out...
Eastern Pacific Shipping (EPS) of Singapore has signed a memorandum of understanding (MoU) with HD Hyundai Global Service on strategic digital co-operation leveraging digital solutions for carbon emission monitoring, optimising ship operations. Under the agreement,...
LNG and gas carrier owner Avenir LNG has appointed Wilhelmsen Ship Management to handle the management of three LNG bunker vessels, 'Avenir Achievement', 'Avenir Ascension' and 'Avenir Aspiration'. Carl Schou CEO and President of Wilhelmsen Ship Management said: “We...
Maritime clean technology company Silverstream Technologies and Chinese shipyard group Cosco Shipping Heavy Industry (CHI) have signed a high-level memorandum of understanding (MoU) which will explore opportunities to install the Silverstream hull lubrication system...
The maritime industry must improve its forecasting to prepare for a range of possible futures, according to Lloyd’s Register (LR). LR and Lloyd’s Register Foundation, in a new report Global Maritime Trends 2050 have called on shipowners and other supply chain...
The UK Chamber of Shipping has launched a new report that, for the first time, provides a comprehensive overview of the value of the shipping industry to the UK. The report highlights the central role shipping plays in the prosperity of the UK with 61,000 jobs...
Spanish company bound4blue, a developer of automated wind-assisted propulsion systems for maritime transport, has secured funding worth some €22.4m. The major part comes from a €15.9M Series A funding round led by GTT Strategic Ventures, with the participation of the...
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