Wind propulsion company Norsepower has signed a strategic Memorandum of Understanding (MoU) agreement with COSCO Shipping Heavy Industry Equipment Nantong (CHIC) to accelerate the serial production, sales, installation, and service of Norsepower rotor sails in the...
MAN Energy Solutions has signed a framework agreement with COSCO Shipping Heavy Industry (CHI) regarding their future cooperation on decarbonisation retrofit projects. Guo Zhiqiang, Deputy GM, CHI Commercial Headquarters, said: “I am pleased to announce that CHI and...
Wärtsilä is set to expand its state-of-the-art technology centre Sustainable Technology Hub in Vaasa, Finland, with a €50 million total investment. Expanding the R&D testing capabilities and facilities will enhance Wärtsilä’s ability to meet the growing...
Alfa Laval has completed the acquisition of UK-based NRG Marine, a provider of ultrasonic antifouling technology for various applications including marine. This strategic move strengthens Alfa Laval’s capabilities towards enhancing energy efficiency and operational...
According to maritime data analyst OceanScore, shipping companies must evaluate a range of compliance options under FuelEU Maritime that can have a significant financial impact if not managed properly. Continuous forecasting is essential for an effective compliance...
European Shipowners (ECSA) and Sea Europe have issued a joint statement calling on the European Commission (EC) to include the maritime sector in the European Industrial Maritime Strategy as well as in the Sustainable Transport Investment Plan (STIP). The two...
Tesvolt Ocean, a specialist German provider of energy storage systems tailored to the maritime industry, has joined the Maritime Battery Forum (MBF). As a joint venture between Tesvolt Maritime Solutions and Ocean Batteries, Tesvolt Ocean combines innovative battery...
Singapore-based Motion Ventures has unveiled its US$ 100m second fund (Motion Ventures Fund II or 'Fund II'), believed to be the largest maritime-focused tech fund to date. Shaun Hon, Founder and General Partner, Motion Ventures, said: “We launched Motion Ventures...
Industry coalition Sea-LNG has confirmed its latest board of directors with new representatives from Bernhard Schulte Shipmanagement (BSM), Galveston LNG Bunker Port, MAN Energy Solutions, MSC Mediterranean Shipping Company, Sohar Port and Freezone, and Titan Clean...
Swedish maritime battery system supplier Echandia has closed a new funding round at SEK 220m, led by Alantra’s energy transition fund Klima, headquartered in Spain, together with Swedish venture capital fund Industrifonden, with additional investments from Swedish SEB...
Eastern Pacific Shipping (EPS) and SPDB Financial Leasing (SPDBFL) have signed a financing agreement for two newbuild LNG dual-fuel Neo-Panamax container ships. The signing ceremony took place in Shanghai, reinforcing the strong partnership between the two companies...
European Shipowners have strongly welcomed the recognition of shipping under the five sectors across which the European Commission's Clean Industrial Deal should be implemented. The Association of European Shipowners (ECSA) says that ensuring targeted investment in...
Following the launch of the new 20m and 24m WindWings, BAR Technologies and CM Energy Tech Co (CMET) have entered into an collaboration agreement to begin production of these models, responding to the surge in market demand from shipowners and operators of...
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