Engine developer WinGD has joined the Methane Abatement in Maritime Innovation Initiative (MAMII), becoming the first engine developer to become a partner in the growing cross-sector push to better understand and address methane from LNG-fuelled ships. LNG, primarily...
The International Chamber of Shipping (ICS) and Egypt’s Suez Canal Authority (SCA) have renewed an agreement covering key issues impacting international shipowners and operations of the Suez Canal. The agreement was initially signed in May 2022 to increase information...
French container shipping group CMA CGM says that from its previously-announced grant of €200m dedicated to companies in the the French maritime sector to accelerate their decarbonisation, €20m will be dedicated to the decarbonisation of fishing vessels. The...
Bernhard Schulte Shipmanagement (BSM) says it is developing solutions to support customers to navigate the complexity of the upcoming EU Emissions Trading System (ETS) requirements, which will be introduced for the maritime sector from 2024. BSM CFO Sebastian von...
The UK government's support for decarbonising the maritime sector has been given another boost, with £60 million in funding distributed to innovative companies nationwide developing futuristic green technology. For the first time, the government is funding the...
The Shipowners’ Associations of the European Community (ECSA) says that it supports the objectives of the European Green Deal, EU Climate Law and the Paris Agreement; as an important part of the European economy, shipping has a key role to play to achieve the EU’s...
Wärtsilä has unveiled plans to further focus on end-to-end voyage optimisation and to move part of Voyage business activities to the Business portfolio. Following the previous announcement, Wärtsilä integrated the Voyage business into Wärtsilä Marine Power at...
Towage provider Svitzer, part of the AP Moller-Maersk group, has appointed the current Svitzer Australia CCO Ivan Spanjic as Global Head of Green Ports, a role that is said to be central to helping Svitzer’s customers better adjust their assets and operations to...
The UK Government has announced that zero-emission ferries, cruise and cargo ships will set sail in UK waters within two years, creating thousands of new jobs, following a £77m government investment in clean maritime technology. This is the first time in UK history...
Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MoU) to jointly establish an independent company that will provide comprehensive compliance services related to the EU ETS (European Union Emission Trading...
The Finnish Climate Fund, a state-owned special-assignment company focusing on combating climate change, has granted on a capital loan of up to €10m to rotor sail manufacturer Norsepower in order to help increase its production capacity. Norsepower's products...
Japan Engine Corporation (J-Eng) has renewed the License Contract for UE engines with its Chinese Licensee, China State Shipbuilding Corporation Diesel Engine C (CSE). CSE, as a subsidiary of China State Shipbuilding Corporation Limited, is China’s largest state-owned...
Wärtsilä’s financial results for 2022 showed that although overall its order intake decreased by 24%, service orders increased by 6% and net sales increased by 11%, with the marine sector performing well. Håkan Agnevall (pictured), President and CEO, said: “The year...
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