Maritime business news

AUSTRALIAN GRAIN EXPORTER CUTS EMISSIONS WITH BIOFUEL

AUSTRALIAN GRAIN EXPORTER CUTS EMISSIONS WITH BIOFUEL

Australia’s largest co-operative and exporter of grain is reducing its maritime supply chain emissions as part of an Australian-first biofuels insetting pilot project in partnership with two major global shipping companies.  CBH Group has collaborated with NORDEN and...

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MITSUI TO BUILD LATEST MAN TURBOCHARGERS UNDER LICENCE

MITSUI TO BUILD LATEST MAN TURBOCHARGERS UNDER LICENCE

MAN Energy Solutions has signed a licence agreement with Mitsui E&S Machinery (MES-M) of Japan under which MES-M will manufacture MAN’s latest TCT axial turbocharger series. As one of the largest marine two-stroke engine builders, Mitsui has been a licencee of MAN...

UK COMPANIES FORM CARBON REDUCTION PARTNERSHIP

UK COMPANIES FORM CARBON REDUCTION PARTNERSHIP

Maritime remote monitoring business Reygar and carbon reduction and sustainability specialist Cedar Marine have partnered to provide an integrated service for monitoring and reducing fuel, energy use and carbon emissions, across vessels and business operations in the...

TANKER PRICE ASSESSMENTS TO SHOW COST OF CO2 EMISSIONS

TANKER PRICE ASSESSMENTS TO SHOW COST OF CO2 EMISSIONS

S&P Global Commodity Insights is launching daily Platts price assessments for freight emissions under the EU Emissions Trading System (ETS), to show the cost of CO2 emissions from fuel combustion to transport crude or fuel oil on an Aframax tanker via an initial...

US SHIPPING COMPANY OUTLINES SUSTAINABILITY AIMS

US SHIPPING COMPANY OUTLINES SUSTAINABILITY AIMS

US shipping company Matson has published its 2021 Sustainability Report that describes the company's progress toward achieving its environmental, social and governance goals. Matson chairman and CEO Matt Cox said: "In a year of extraordinary disruption and upheaval in...

FRENCH BWMS COMPANY ENJOYS SUCCESSFUL YEAR

FRENCH BWMS COMPANY ENJOYS SUCCESSFUL YEAR

Water treatment specialist Bio-UV Group has reported a 38% growth in BIO-SEA ballast water management system (BWMS) sales in the first half of the year, compared to the same period of 2021, despite a year impacted by various geopolitical factors. The company sold more...

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ABB’S TURBOCHARGER COMPANY TO BECOME SEPARATE BUSINESS

ABB’S TURBOCHARGER COMPANY TO BECOME SEPARATE BUSINESS

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 PETRONAS SIGN CCUS MoU

DNV AND PETRONAS SIGN CCUS MoU

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...

GO-AHEAD FOR ELOGEN HYDROGEN PRODUCTION PROJECT

GO-AHEAD FOR ELOGEN HYDROGEN PRODUCTION PROJECT

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...

COMPANIES JOIN FORCES FOR BATTERY POWER PROTECTION

COMPANIES JOIN FORCES FOR BATTERY POWER PROTECTION

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 TO CEASE ENGINE BUILDING IN TRIESTE

WÄRTSILÄ TO CEASE ENGINE BUILDING IN TRIESTE

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...

NORTHERN DUTCH INDUSTRY UNITES FOR GREEN TRANSITION

NORTHERN DUTCH INDUSTRY UNITES FOR GREEN TRANSITION

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...

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