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,...
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...
Sea-LNG, the industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonisation, has welcomed MSC Mediterranean Shipping Company as a member. In recent years, MSC has made investments in LNG-fuelled vessels in the...
The Clean Energy Ministerial (CEM) has adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India. The first-of-its-kind platform brings together the private sector and governments across the energy-maritime value chain to transform maritime...
The recent deliberations at IMO's MEPC80 highlighted both the opportunities and challenges confronting the shipping industry as it charts a course towards decarbonisation. While the commitments made are a positive step, some feel they fall short of the urgent action...
Design and engineering consultancy Houlder and Shell International Trading and Shipping Company (Shell), have agreed to work together to identify, evaluate, and further develop solutions to accelerate the decarbonisation of the maritime industry. The agreement will...
Arsenio Dominguez of Panama has been voted into the post of IMO Secretary-General, taking over from South Korea's Kitak Lim for a four-year term starting from 1 Januray 2024. Seven candidates stood for election in a ballot of the 40 member states of the IMO Council....
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