Maritime business news

GREEK SHIPOWNERS EXPLORE ROLE OF ADDITIVES TOWARDS NET ZERO

GREEK SHIPOWNERS EXPLORE ROLE OF ADDITIVES TOWARDS NET ZERO

Chemicals company Infineum recently hosted a Marine Symposium, focusing on decarbonisation and sustainability, in which the Greek shipping community discussed ways to meet emissions reduction regulations and explore routes toward a low-carbon, sustainable future. The...

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SVANEHØJ EXPANDS LNG SERVICES IN US

SVANEHØJ EXPANDS LNG SERVICES IN US

With its third company acquisition in just over two years, marine pump specialist Svanehøj continues to expand its service solution business, this time by taking over California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps...

HMM HALVES CARBON EMISSIONS IN DECADE

HMM HALVES CARBON EMISSIONS IN DECADE

South Korean shipping company HMM has accelerated its efforts to become an eco-friendly shipping company, reducing carbon emissions to less than half of 2010 levels. According to HMM, the CO2 emissions generated when transporting 1TEU of container for 1km decreased...

VARD ELECTRO SIGNS AGREEMENT WITH THE SWITCH

VARD ELECTRO SIGNS AGREEMENT WITH THE SWITCH

Marine electrical systems provider Vard Electro has signed an agreement, said to be worth several millions of euros, with Yaskawa Environmental Energy/The Switch to supply full DC distribution systems along with its protection devices. As part of the agreement, Vard...

NORSEPOWER SECURES MORE FUNDING FOR ROTOR SAILS

NORSEPOWER SECURES MORE FUNDING FOR ROTOR SAILS

Norsepower, a Finnish provider of mechanical sails for large ships, has successfully secured €28m in its latest Series C fundraising round, with French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, leading the...

ALFA LAVAL ADDS HULL LUBRICATION TO ENERGY-SAVING PORTFOLIO

ALFA LAVAL ADDS HULL LUBRICATION TO ENERGY-SAVING PORTFOLIO

Alfa Laval has completed the acquisition of Marine Performance Systems (MPS), a Rotterdam-based maritime technology company that has developed a novel fluidic air lubrication system. The move will enable Alfa Laval to bring this environment-friendly technology to...

GTT COMBINES TWO SUBSIDIARIES TO CREATE NEW SUSTAINABILITY BRAND

GTT COMBINES TWO SUBSIDIARIES TO CREATE NEW SUSTAINABILITY BRAND

The French GTT group is to create a new brand, Ascenz Marorka, which results from the collaboration of two GTT subsidiaries in the digitalisation of the maritime industry: Ascenz, a Singaporean company with an extensive experience in Electronic Fuel Management, and...

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DIVESTED MAERSK SUPPLY SERVICE TO CONTINUE GREEN TRANSITION

DIVESTED MAERSK SUPPLY SERVICE TO CONTINUE GREEN TRANSITION

A.P. Moller Maersk (Maersk) has reached an agreement with group parent company A.P. Moller Holding for its intended divestment of Maersk Supply Service (MSS), a provider of global offshore marine services and project solutions for the energy sector, with 1600...

ONBOARD CARBON CAPTURE COMPANY EXPANDS TO ASIA PACIFIC REGION

ONBOARD CARBON CAPTURE COMPANY EXPANDS TO ASIA PACIFIC REGION

Rotterdam-based Value Maritime (VM) has recently opened an office in Singapore to be closer to clients and grow our operations in the important and expanding Asia Pacific shipping market. The new office is based in the Singapore Central Business District (CBD). Milou...

SCRUBBERS REMAIN POPULAR OPTION DESPITE SLOWDOWN

SCRUBBERS REMAIN POPULAR OPTION DESPITE SLOWDOWN

Analysis by BIMCO has found that scrubbers were installed on 399 ships in 2022, and although this represents a fall of 24% year on year, currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, BIMCO...

SHIP AGENCY OFFERS SUPPORT FOR METHANOL-FUELLED VESSELS

SHIP AGENCY OFFERS SUPPORT FOR METHANOL-FUELLED VESSELS

Port services provider S5 Agency World (S5) has begun providing global hub and port agency support to Proman for its first methanol-fuelled tankers, having successfully coordinated two new methanol-powered vessels 'Stena Pro Patria' and 'Stena Pro Marine' for their...

BIO-UV GROUP APPOINTS NEW CEO

BIO-UV GROUP APPOINTS NEW CEO

French water treatment specialist Bio-UV Group has appointed Laurent-Emmanuel Migeon as its new Chairman and CEO, succeeding company founder Benoît Gillmann. Gillmann, who founded the company in 2000, said: “After more than 22 years of service dedicated to the...

WIND PROPULSION COMPANY APPOINTS PROJECTS DIRECTOR

WIND PROPULSION COMPANY APPOINTS PROJECTS DIRECTOR

Anemoi Marine Technologies, which develops wind-assisted propulsion for commercial vessels, has appointed Liam Campbell as Projects Director. Campbell has extensive experience in the maritime industry working in senior and director positions in shipyards,...

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