Maritime business news

FUEL EU COMPLIANCE POOL REACHES 200 VESSELS

FUEL EU COMPLIANCE POOL REACHES 200 VESSELS

The Van Weelde Shipping Group, owners of the dry cargo fleet managed by Orient Shipping Rotterdam (OSR), has signed a Letter of Intent (LoI) to join Ahti Pool, a FuelEU Maritime (FEM) compliance solution. Ahti Pool is clamed to provide the easiest and most...

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SILVERSTREAM AND CHI PARTNERSHIP EXPLORES AIR LUBRICATION

SILVERSTREAM AND CHI PARTNERSHIP EXPLORES AIR LUBRICATION

Maritime clean technology company Silverstream Technologies and Chinese shipyard group Cosco Shipping Heavy Industry (CHI) have signed a high-level memorandum of understanding (MoU) which will explore opportunities to install the Silverstream hull lubrication system...

REPORT SUGGESTS MARITIME INDUSTRY IS LACKING IN FORECASTING

REPORT SUGGESTS MARITIME INDUSTRY IS LACKING IN FORECASTING

The maritime industry must improve its forecasting to prepare for a range of possible futures, according to Lloyd’s Register (LR). LR and Lloyd’s Register Foundation, in a new report Global Maritime Trends 2050 have called on shipowners and other supply chain...

CHAMBER SEES SHIPPING AS VITAL PART OF UK DECARBONISATION

CHAMBER SEES SHIPPING AS VITAL PART OF UK DECARBONISATION

The UK Chamber of Shipping has launched a new report that, for the first time, provides a comprehensive overview of the value of the shipping industry to the UK. The report highlights the central role shipping plays in the prosperity of the UK with 61,000 jobs...

WIND PROPULSION DEVELOPER RECEIVES €22.4m INVESTMENT

WIND PROPULSION DEVELOPER RECEIVES €22.4m INVESTMENT

Spanish company bound4blue, a developer of automated wind-assisted propulsion systems for maritime transport, has secured funding worth some €22.4m. The major part comes from a €15.9M Series A funding round led by GTT Strategic Ventures, with the participation of the...

NAPA OPENS GERMAN BRANCH TO DRIVE DECARBONISATION

NAPA OPENS GERMAN BRANCH TO DRIVE DECARBONISATION

Finnish provider of maritime software and data services Napa has announced the creation of a new subsidiary in Germany to support its business growth and intensify its R&D activities in Central Europe. By establishing Napa Germany, the company aims to consolidate...

SHELL INVESTS IN ONBOARD CARBON CAPTURE COMPANY

SHELL INVESTS IN ONBOARD CARBON CAPTURE COMPANY

Netherlands-based Value Group, which comprises Value Maritime and Value Carbon, has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand its carbon capture utilisation and storage (CCUS) strategy. Value Maritime is the...

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AIR LUBRICATION DEVELOPER APPOINTS NEW CTO

AIR LUBRICATION DEVELOPER APPOINTS NEW CTO

Air lubrication technology company Silverstream Technologies has announced the appointment of Catriona Savage into the newly created position of Chief Technology Officer (CTO). Savage will lead the continued development of the Silverstream System and will further...

PGS ORDERS SIX AMMONIA-FUELLED NEWBUILDS TO BE MANAGED BY OSM THOME

PGS ORDERS SIX AMMONIA-FUELLED NEWBUILDS TO BE MANAGED BY OSM THOME

Norwegian companies OSM Thome and Pherousa Green Shipping (PGS) have entered into a Letter of Intent outlining their collaboration on a series of 63,000dwt zero-emission Ultramax vessels to be ordered by PGS. The collaboration involves Phases I, II, and III,...

SVITZER AUSTRALIA APPOINTS MD TO DRIVE DECARBONISATION

SVITZER AUSTRALIA APPOINTS MD TO DRIVE DECARBONISATION

Towage provider Svitzer, part of A.P. Moller-Maersk, has announced changes to its Global Leadership Team, with CCO Videlina Georgieva promoted to Managing Director of Svitzer Australia, replacing outgoing MD Nicolaj Noes. Georgieva brings an understanding of Svitzer’s...

WFS TO DISTRIBUTE INFINEUM MARINE ADDITIVES

WFS TO DISTRIBUTE INFINEUM MARINE ADDITIVES

Speciality chemicals company Infineum has entered into a strategic agreement with World Fuel Services (WFS) under which WFS will act as global distributor for Infineum’s Marine Fuel Additives product line. Andrea Ghione, Marine Venture Manager, Infineum said: “At...

SEA-LNG RECRUITS MSC AS LATEST MEMBER

SEA-LNG RECRUITS MSC AS LATEST MEMBER

Sea-LNG, the industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonisation, has welcomed MSC Mediterranean Shipping Company as a member. In recent years, MSC has made investments in LNG-fuelled vessels in the...

GLOBAL SUMMIT ACTS TO SCALE UP LOW CARBON FUEL INFRASTRUCTURE

GLOBAL SUMMIT ACTS TO SCALE UP LOW CARBON FUEL INFRASTRUCTURE

The Clean Energy Ministerial (CEM) has adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India. The first-of-its-kind platform brings together the private sector and governments across the energy-maritime value chain to transform maritime...

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