Eastern Pacific Shipping (EPS) of Singapore, one of the largest privately-owned shipping companies, is acquiring a significant stake in SulNOx Group, a UK-listed green decarbonisation pioneer. This investment is part of a broader landmark agreement, which includes a...
Bunker trading firm Glander International Bunkering has introduced a tool to help users calculate key data for compliance with FuelEU Maritime, which came into effect on January 1, 2025. FuelEU Maritime aims to reduce carbon emissions in the shipping sector by...
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Kongsberg Maritime has been selected as the lead integrator for a significant green upgrade of the Norwegian Coastal Administration's (NCA) hybrid vessel, 'OV Bøkfjord'. The project will include installation of Kongsberg Maritime's electric Rim-Drive azimuth...
A new report from the UCL Energy Institute has highlighted the looming risk of maritime asset stranding, stating that a rapid energy transition could “lead to ‘premature scrapping’ of over a third of the fleet, valued at over US$ 400bn, unless they undergo costly...
CM Technologies (CMT) says that several shipowners are trialling its new cloud-based engine performance analysis tool as way of optimising the fleet-wide efficiency of their diesel engines to meet CO2 reduction goals in line with the IMO EEXI and CII requirements. The...
ABB says it has reinforced its longstanding relationship with NKT by securing a contract for the integrated power and propulsion system onboard the owner’s latest highly advanced cable layer. The new order, which includes Onboard DC Grid power distribution system,...
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Anticipating upcoming large-scale floating windfarm installation, Damen Shipyards has developed a vessel concept, Flow-SV, prepared for operation using methanol as fuel. The Flow-SV is intended to accelerate the development of this new maritime segment being specially...
Mitsubishi Heavy Industries (MHI) Group company Mitsubishi Shipbuilding has recently completed a conceptual study for an ammonia bunkering vessel capable of supplying ammonia fuel to ships. The study involved joint investigations with Inpex Corporation, which claims...
Svitzer has contracted Uzmar shipyard in Turkiye to build a first of its kind methanol-battery tug for delivery in the second half of 2025. The 6MWh battery-powered tug will be deployed in Gothenburg and provide zero-emission services across a quarter of Svitzer’s...
Höegh Autoliners’ second Aurora Class vessel, the 'Höegh Borealis', has been delivered from the China Merchants Heavy Industry’s yard in Jiangsu, China. The newbuild programme from Höegh Autoliners is an example of global collaboration and a testament to what can be...
Classification society DNV and Shandong Shipping Tanker Co (SDST) have announced the launch of a new Joint Innovation Studio to explore, develop and promote maritime projects in the digital and sustainability space. According to DNV, the shift towards a more digital...
The Council of the International Association of Classification Societies (IACS) has welcomed significant progress being made by the Association to deliver measures to ensure the safe decarbonisation of the industry. The recent council meetin heard that work...
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Finnish company Team Electric has signed an agreement with Remontowa Shiprepair Yard, Gdansk to provide electric systems consultancy and installation services for three Polsteam ro-pax ferries, in support of the project marking the extension of the Polish yard’s...
Finnish provider of mechanical sails for large ships Norsepower, IINO Kaiun Kaisha (IINO Lines) and Mizuho Leasing Company have jointly and exclusively signed a co-operation agreement to launch an innovative mechanical sail leasing initiative for the Norsepower Rotor...
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