MAN Energy Solutions has rebranded as 'Everllence', said to be a combination of the words 'ever' and 'excellence', in a move that the company believes reflects its transition to a driver of net-zero shipping and energy. Everllence remains part of the Volkswagen Group,...
Finland-based azimuthing thruster company Steerprop has strengthened its presence in the North American market by establishing a subsidiary in Houston, Texas. The investment, which includes building substantial warehouse facilities in addition to proprietary 24/7...
Kongsberg Digital (KDI) is to supply an extensive range of maritime simulator solutions for the South Metropolitan TAFE (Technical and Further Education) institute in Fremantle, Western Australia. Funded through the Department of Training and Workforce Development,...
Italian state shipbuilding group and the Italian branch of France-based BNP Paribas Bank have finalised an agreement to turn a guarantee line for a maximum amount of €700m granted by the bank into a 'sustainability linked Guarantees Facility'. The agreement has a...
OCBC Bank has extended a US$ 70m sustainability-linked loan with Taiwanese bulk carrier opertaor U-Ming Marine Transport Corporation, a move which is a first for both companies – the first sustainability-linked loan that OCBC Bank has extended to a Taiwanese company,...
Maritime battery and zero-emission technology supplier Corvus Energy has appointed Kolbjørn Berge as Senior Vice President Global Regulatory Affairs. Prior to joining Corvus Energy, Berge worked for the Norwegian Maritime Authority (NMA) with responsibility for the...
The Isle of Man Ship Registry (IoMSR) is set to become the first flag state to incentivise ship owners by offering reduced registration fees for ships deploying green technology. The green discount will give ship owners a 15% reduction on the annual registration fee....
Marine pump specialist Svanehøj has now established Svanehøj France – a new independent business for production, sales and service of LNG tank gauging systems and hydraulic LPG safety valve systems. The company cites forecasts that global LNG supply could reach 449...
Wärtsilä Corporation's financial statement for the year ending December 2021 showed an increase in orders and sales over the previous year, and the group expects 2022 to continue the trend, though the prevailing market conditions make the outlook uncertain. Håkan...
Maritime industry supplier Norwegian Electric Systems (NES) is to establish a new subsidiary company and open an office in Istanbul, Turkey, to provide better services to Turkish and other shipyards in southern Europe. NES is a supplier of sustainable energy design...
Following the retirement of Stephen Cadden, SEA-LNG has announced Steve Esau’s promotion to COO, plus the appointment of Adi Aggarwal as GM. Stephen Cadden was one of the founding consultants at SEA-LNG and has helped to guide the operation since its inception....
Following the launch of SEA Change 2030, a long-term strategic vision for Cyprus shipping, the Shipping Deputy Ministry is currently working on the implementation of the relevant actions presented in the Strategy and towards this direction, and has launched the new...
Schottel's Turkish subsidiary, Schottel Turkey, has a new MD, Seçkin Uz, who was appointed from 1 January 2022. After earning a degree in Naval Architecture and Ocean Engineering, he began his career with Berg Propulsion in the Asia/Pacific and Middle East region....
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