Ammonia-to-power solutions company Amogy has secured an additional US$ 23m in venture financing, which is intended to strengthen the company and accelerate development of its maritime products, supporting expansion into the Asian market. The round was co-led by Korea...
The Board of Directors of ABB has decided to spin off the company's Accelleron (formerly ABB Turbocharging) turbocharging division, allowing ABB to focus on its core electrification and automation business, while Accelleron will concentrate on heavy-duty...
DNV and Malaysia-based energy company Petroliam Nasional Berhad (Petronas) have signed a Memorandum of Understanding (MoU) to address the technical, regulatory and business challenges of carbon capture utilisation and storage (CCUS) deployment. The companies plan to...
GTT Group green hydrogen company Elogen's 'gigafactory' and R&D strengthening project has been selected by the European Commission as part of the Hydrogen IPCEI (Important Project of Common European Interest). Elogen's project is one of 41 selected by the...
Maritime energy storage system (ESS) manufacturer Corvus Energy is to join forces with Finland-based power electronics specialist Yaskawa Environmental Energy, also known as The Switch, to develop smart Battery Short-Circuit Limiter (BSCL) protection for large-scale...
Wärtsilä plans to ramp down manufacturing in Trieste, Italy and to centralise its four-stroke engine manufacturing in Europe to Vaasa, Finland. Ending the manufacturing in Trieste is expected to impact approximately 450 employees with potential redundancy. The...
The maritime industry in the Northern Netherlands is pooling knowledge and capabilities to take on the technological challenges and become a global player in 'green', clean shipping and digital shipbuilding. A consortium of 21 technology developers, shipping...
Fincantieri Marine Group, the US arm of the Italian shipbuilding company, has named Marco Galbati, the current GM, as the new CEO, while former CEO Dario Deste remains the company’s president. Galbiati held the FMG GM role since 2018. In this capacity he was heavily...
Lloyd’s Register (LR) has appointed Chakib Abi-Saab to its newly created role of Chief Technology and Innovation Officer (CTIO). Abi-Saab, who was previously with Bahri (formerly known as the National Shipping Company of Saudi Arabia) as their CTO, joins LR with...
Ocean Network Express (ONE), the integrated liner service of Japanese ship operators 'K' LINE, MOL and NYK, has opened its new ONE Green Office in Singapore, designed and conceptualised as an educational, interactive and collaborative space for green initiatives. The...
Container liner shipping company ZIM has become a member of the Sea-LNG industry coalition established to demonstrate LNG’s benefits as a viable marine fuel. A member of the Clean Cargo Working Group (CCWG) since 2013, ZIM has long worked at improving the environmental...
The board of the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has appointed Emanuele Grimaldi, President and MD of Grimaldi Euromed, as Chairman of the Board. Grimaldi, a former president of both Confitarma and European...
Finnish company Norsepower has signed a loan agreement with Nefco, the Nordic Green Bank, which will accelerate Rotor Sail production within Asia. Norsepower’s Rotor Sail technology provides auxiliary wind propulsion for shipping with installations already onboard...
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