Maritime business news

LLOYD’S REGISTER ACQUIRES TRAINING AND SOFTWARE GROUP OTG

LLOYD’S REGISTER ACQUIRES TRAINING AND SOFTWARE GROUP OTG

Lloyd’s Register Group (LR) has reached an agreement to acquire Ocean Technologies Group (OTG), a provider of software dedicated to the global maritime industry, from European private equity firm Oakley Capital. Following the revision to the IMO GHG strategy in 2023...

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ME Productions
SEASPAN CANCELS LNG-FUELLED BOXSHIP ORDER

SEASPAN CANCELS LNG-FUELLED BOXSHIP ORDER

Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp, has announced an update to its previous announcement regarding contracts for four 7,700 TEU dual-fuel liquefied natural gas containership newbuildings, subject to certain closing conditions. The order was...

MAN AND MAKITA EXTEND PARTNERSHIP FOR LOW-NOx SYSTEMS

MAN AND MAKITA EXTEND PARTNERSHIP FOR LOW-NOx SYSTEMS

MAN Energy Solutions' service brand, MAN PrimeServ, and licensee Makita Corporation of Japan have signed a three-year agreement to intensify their cooperation, with the aim of offering service to customers worldwide in SCR-HP (Selective Catalytic Reducation-High...

FRENCH SHIPPING GROUP ESTABLISHES DECARBONISATION FUND

FRENCH SHIPPING GROUP ESTABLISHES DECARBONISATION FUND

The CMA CGM Group has announced a Special Fund for Energies, backed by a five-year, US$ 1.5bn budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The Fund will invest to support the industrial production of new fuels, as well as...

ECOCHLOR AND SINOTECH SIGN MoU FOR CARBON CAPTURE AND BWMS

ECOCHLOR AND SINOTECH SIGN MoU FOR CARBON CAPTURE AND BWMS

Ecochlor and Sinotech have announced a new agreement to advance long-term sales, marketing and technical assistance and to foster mutual maritime relationships worldwide. The Strategic Cooperation Framework Agreement, in the form of a Memorandum of Understanding...

BUNKER COMPANIES UNITE TO ADVANCE GREENER FUELS

BUNKER COMPANIES UNITE TO ADVANCE GREENER FUELS

KPI OceanConnect and Bunker Holding’s key account management unit, BOGA, are to join forces and operate under the name KPI OceanConnect in future. Anders Grønborg (pictured) will take on the position of CEO of KPI OceanConnect, replacing Søren Høll who moves to a...

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Jotun shipping
NES UNDERLINES GREEN SHIFT WITH NEW MD APPOINTMENT

NES UNDERLINES GREEN SHIFT WITH NEW MD APPOINTMENT

Maritime industry supplier Norwegian Electric Systems (NES) has appointed Siv Remøy-Vangen as its new MD, as from January 2023. Remøy-Vangen joins NES from a position as CEO of Maritime Bergen, a regional industry association for companies in ocean-based industries....

PROVARIS ENERGY OPENS NORWEGIAN OFFICE

PROVARIS ENERGY OPENS NORWEGIAN OFFICE

Australian green hydrogen company Provaris Energy has established a new base near Oslo, which will form the company's European corporate office. The move is intended to capitalise on Europe’s position as a key region of focus for commercialisation activities, with...

MITSUI TO BUILD LATEST MAN TURBOCHARGERS UNDER LICENCE

MITSUI TO BUILD LATEST MAN TURBOCHARGERS UNDER LICENCE

MAN Energy Solutions has signed a licence agreement with Mitsui E&S Machinery (MES-M) of Japan under which MES-M will manufacture MAN’s latest TCT axial turbocharger series. As one of the largest marine two-stroke engine builders, Mitsui has been a licencee of MAN...

UK COMPANIES FORM CARBON REDUCTION PARTNERSHIP

UK COMPANIES FORM CARBON REDUCTION PARTNERSHIP

Maritime remote monitoring business Reygar and carbon reduction and sustainability specialist Cedar Marine have partnered to provide an integrated service for monitoring and reducing fuel, energy use and carbon emissions, across vessels and business operations in the...

TANKER PRICE ASSESSMENTS TO SHOW COST OF CO2 EMISSIONS

TANKER PRICE ASSESSMENTS TO SHOW COST OF CO2 EMISSIONS

S&P Global Commodity Insights is launching daily Platts price assessments for freight emissions under the EU Emissions Trading System (ETS), to show the cost of CO2 emissions from fuel combustion to transport crude or fuel oil on an Aframax tanker via an initial...

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