The International Bunker Industry Association (IBIA) and shipowner organisation BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the challenges and opportunities within the areas of bunkering, marine energy and maritime sectors to help...
Maritime business news
‘K’ LINE TO OPERATE THIRD NORTHERN LIGHTS CCS SHIP
Norwegian carbon capture and storage (CCS) company Northern Lights and Kawasaki Kisen Kaisha ('K' Line) have signed bare boat charter and time charter contracts for the management of the third Northern Lights liquefied CO2 (LCO2) carrier ship. This follows the...
ENERGY NETWORK FORMED TO REDUCE SHIPPING EMISSIONS
Ship operators, ports and cargo owners globally are now able to call upon a new business network, NatPower and its clean Energy-as-a-Service model in order to help reach net-zero carbon emissions. NatPower is an independent clean energy enabler with a mission to cut...
YMT ACQUIRED BY ENERGY SUPPLY CHAIN SPECIALIST
Technological innovator Yara Marine Technologies (YMT) has been acquired by Geneva-based Okapi Supply Trading Advisory, and energy supply chain specialist sealing mainly in the African markets. With both companies sharing a stated commitment to advancing sustainable...
ZeroNorth AQUISITION OF EURONAV ‘FAST’ PLATFORM HOPES TO IMPROVE SUSTAINABILITY
Technology company ZeroNorth and tanker shipping company Euronav have announced that ZeroNorth will acquire and manage Euronav’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Euronav becomes a customer of ZeroNorth’s full platform...
LR STUDY FINDS EFFICIENT ROUTING IS KEY TO EMISSION COMPLIANCE
New research by Lloyd's Register (LR) says deploying fleets efficiently along specific routes, combined with educated fuel and technology choices will be crucial for navigating the new Fuel EU and EU ETS regulations. The Shipping and Fit for 55 report, which offers...
GREEN CREDENTIALS WIN MAJOR CONTRACTS FOR WALLENIUS WILHELMSEN
Wallenius Wilhelmsen has recently signed significant contracts with a leading global construction and mining equipment manufacturer, as well as with one of the largest automotive distributors in the Americas. The multi-year shipping contract with the construction and...
RESEARCH AND INNOVATION KEY FOR WATER TRANSPORT COMPETITIVENESS
The European Waterborne Technology Platform (WTP) has welcomed a study highlighting the crucial role of research and innovation in the transition pathway for the EU mobility industrial ecosystem. According to WTP, without waterborne transport Europe would not be able...
ELKON AND SCHOTTEL APPOINT NEW MD IN TURKEY
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...
MARINE INSURERS DRIVE TRANSPARENCY AND DECARBONISATION
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...
KOREAN MACHINERY MAKER SIGNS LOW-CARBON TRANSPORT CONTRACT
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...
SUSTAINABLE TRANSPORT CHOSEN FOR EV SHIPMENTS
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...
MARINE LIQUEFIED GAS PUMP SPECIALIST ACQUIRED BY ITT
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...