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...
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...
Finnish provider of maritime software and data services Napa has announced the creation of a new subsidiary in Germany to support its business growth and intensify its R&D activities in Central Europe. By establishing Napa Germany, the company aims to consolidate...
Netherlands-based Value Group, which comprises Value Maritime and Value Carbon, has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand its carbon capture utilisation and storage (CCUS) strategy. Value Maritime is the...
Air lubrication technology company Silverstream Technologies has announced the appointment of Catriona Savage into the newly created position of Chief Technology Officer (CTO). Savage will lead the continued development of the Silverstream System and will further...
Norwegian companies OSM Thome and Pherousa Green Shipping (PGS) have entered into a Letter of Intent outlining their collaboration on a series of 63,000dwt zero-emission Ultramax vessels to be ordered by PGS. The collaboration involves Phases I, II, and III,...
Towage provider Svitzer, part of A.P. Moller-Maersk, has announced changes to its Global Leadership Team, with CCO Videlina Georgieva promoted to Managing Director of Svitzer Australia, replacing outgoing MD Nicolaj Noes. Georgieva brings an understanding of Svitzer’s...
Speciality chemicals company Infineum has entered into a strategic agreement with World Fuel Services (WFS) under which WFS will act as global distributor for Infineum’s Marine Fuel Additives product line. Andrea Ghione, Marine Venture Manager, Infineum said: “At...
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