Maritime clean technology company Silverstream Technologies has launched its new Global Operations Centre in Southampton, UK, which the company says will enhance its operational capabilities and support the existing fleet. Additionally, the hub is equipped for further...
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...
Following the retirement of Stephen Cadden, SEA-LNG has announced Steve Esau’s promotion to COO, plus the appointment of Adi Aggarwal as GM. Stephen Cadden was one of the founding consultants at SEA-LNG and has helped to guide the operation since its inception....
Following the launch of SEA Change 2030, a long-term strategic vision for Cyprus shipping, the Shipping Deputy Ministry is currently working on the implementation of the relevant actions presented in the Strategy and towards this direction, and has launched the new...
Schottel's Turkish subsidiary, Schottel Turkey, has a new MD, Seçkin Uz, who was appointed from 1 January 2022. After earning a degree in Naval Architecture and Ocean Engineering, he began his career with Berg Propulsion in the Asia/Pacific and Middle East region....
Philippos Philis has been appointed as new Eupean Community Shipowners Asociations (ECSA) President by the General Assembly for a two-year term, with Karin Orsel as new Vice-President. Philis said: “The beginning of the new ECSA Presidency comes at a very challenging...
Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp, has secured the last of its financings, representing a total investment of around US$ 76bn, for its full 70 vessel newbuild programme, including three vessels recently delivered. Graham Talbot, CFO of Atlas...
UK engineering group Langley Holdings has now completed the acquisition of the Norwegian Bergen Engines company from Rolls-Royce for a consideration of €91 million. Bergen Engines is now a stand-alone group within Langley, including the engine factory, service...
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