The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MoU) with Microsoft to collaborate in innovative technologies including cloud computing, artificial intelligence (AI), data analytics, robotics, and cybersecurity, to support...
Sea-LNG, a multi-sector industry coalition established to demonstrate LNG’s benefits as a viable marine fuel, has announced the membership of Newport Shipping UK, a specialist provider of comprehensive dry-docking, retrofit, repair and conversions services. The...
Swedish company Echandia, a developer of battery systems for maritime electrification,has established a Norwegian office, and appointed Roy Storeng as leader for business development in Norway. Echandia operates in zero-emission energy solutions for heavy-duty...
ABB has launched a new SureWave Static Frequency Converter in order to ensure static, seamless, and automated transfer of power from a ship’s onboard generator to an onshore power source, removing the need to use diesel generators when in port. The company says that...
Finland-based azimuthing thruster company Steerprop has strengthened its presence in the North American market by establishing a subsidiary in Houston, Texas. The investment, which includes building substantial warehouse facilities in addition to proprietary 24/7...
Kongsberg Digital (KDI) is to supply an extensive range of maritime simulator solutions for the South Metropolitan TAFE (Technical and Further Education) institute in Fremantle, Western Australia. Funded through the Department of Training and Workforce Development,...
Italian state shipbuilding group and the Italian branch of France-based BNP Paribas Bank have finalised an agreement to turn a guarantee line for a maximum amount of €700m granted by the bank into a 'sustainability linked Guarantees Facility'. The agreement has a...
OCBC Bank has extended a US$ 70m sustainability-linked loan with Taiwanese bulk carrier opertaor U-Ming Marine Transport Corporation, a move which is a first for both companies – the first sustainability-linked loan that OCBC Bank has extended to a Taiwanese company,...
Maritime battery and zero-emission technology supplier Corvus Energy has appointed Kolbjørn Berge as Senior Vice President Global Regulatory Affairs. Prior to joining Corvus Energy, Berge worked for the Norwegian Maritime Authority (NMA) with responsibility for the...
The Isle of Man Ship Registry (IoMSR) is set to become the first flag state to incentivise ship owners by offering reduced registration fees for ships deploying green technology. The green discount will give ship owners a 15% reduction on the annual registration fee....
Marine pump specialist Svanehøj has now established Svanehøj France – a new independent business for production, sales and service of LNG tank gauging systems and hydraulic LPG safety valve systems. The company cites forecasts that global LNG supply could reach 449...
Wärtsilä Corporation's financial statement for the year ending December 2021 showed an increase in orders and sales over the previous year, and the group expects 2022 to continue the trend, though the prevailing market conditions make the outlook uncertain. Håkan...
Maritime industry supplier Norwegian Electric Systems (NES) is to establish a new subsidiary company and open an office in Istanbul, Turkey, to provide better services to Turkish and other shipyards in southern Europe. NES is a supplier of sustainable energy design...
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