Corporate News

Watson Farley & Williams advised ING Bank N.V., Singapore Branch—acting as arranger, lender and facility and security agent — on a term loan facility provided to Tank Container Investment Fund Pte. Ltd. (“TCIF”), a subsidiary of a sub-fund managed by FPG AIM Capital Pte. Ltd. (“FAC”), for the acquisition of stainless-steel tank containers. The facility — FAC’s first fund financing — includes an accordion option for potential upsizing and...

Alfa Laval announces that Martijn Bergink has been appointed President of the Marine Division, effective 1 September 2025. This is in addition to his current roles as President of Business Unit Pumping Systems in the Marine Division and Managing Director of Framo, an Alfa Laval-owned company. Martijn Bergink joined Alfa Laval in 1998 and, since then, he has held multiple senior leadership positions within the company, mostly in the Marine Division. Enhancing energy efficiency Martijn will co...

Hefring Marine, the pioneer in intelligent marine analytics, announces the launch of its latest innovation: the Impact Report, a powerful new feature that delivers unprecedented visibility into vessel impact events, helping maritime professionals make smarter, safer decisions at sea. This advanced analytics solution enhances marine safety technology by equipping fleet managers and operators with detailed insights into impact events that may affect vessel integrity, crew safety, and operational...

ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements. As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data in preparation for EU submission deadlines. The ABS Wavesight platform offers a seamless experience that automate...

Watson Farley & Williams (WFW) advised shipping company - MPC Container Ships ASA (MPCC) on two transactions, as part of the implementation of its fleet strategy. The first transaction was the order of four new 4,500 TEU container vessels from Chinese shipyard Taizhou Sanfu Ship Engineering for a total investment of US$228 million. The ships are scheduled for completion and delivery to MPCC in the second half of 2027. Decarbonisation of maritime transport MPC has already signed three-year...

OrbitMI is pleased to announce that it has agreed to acquire Quebec-based AuQub, an artificial intelligence (AI) firm whose suite of AI-driven agents optimises workflows and automates repetitive tasks, helping businesses enhance productivity through more efficient decision-making. By incorporating AuQub’s innovative and accessible SaaS solutions into its platform, OrbitMI continues to advance the adoption of intelligent, connected workflows to help its maritime customers operate profitab...

Marine Masters has successfully completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia Limited. The campaign marks a major milestone in the repurposing of retired offshore infrastructure, with the platform’s substructure now resting on the seabed as part of Malaysia’s largest rig-to-reef project. Safe removal and partial reefing Topside and substructure were designed for safe removal and reefing in...

KR (Korean Register) is pleased to announce that Lee Jungkun, General Manager of KR’s Convention & Legislation Service Team, has been elected as the next Chair of the International Association of Classification Societies (IACS) Safety Panel, with a three-year term running from January 1, 2026, through December 31, 2028.  The appointment was confirmed at the 91st IACS Council Meeting held in Beijing, China.  IACS’s seven technical panels The Safety Panel is one of IAC...

ABS enhanced its CLP-V(PARR) lashing notation to include a seasonality factor, which gives additional operational flexibility to container ship operators. Introduced in 2024, the CLP-V(PARR) notation combines the ABS computer lashing program with mandatory parametric roll guidance, allowing operators to optimise stowage and lashing of containers, up to an additional tier of containers on deck, with reduced risk of loss due to parametric rolling. Route splitting approach The new seasonality fa...

Strategic Marine, a pioneer in aluminium vessel construction, is proud to announce the successful delivery of a next-generation 27m Crew Transfer Vessel (CTV) to new client Yeosu Ocean Co, Ltd, marking its continued momentum of CTV deliveries into South Korea. This milestone highlights Strategic Marine’s growing global footprint and continued success in winning new clients in emerging offshore wind markets. Efficient FPP propulsion The newly delivered vessel is based on the proven Strat...

Anemoi Marine Technologies, a pioneer in wind-assisted propulsion technology, has developed an in-service performance verification process that reduces cost and complexity for operators while improving accuracy compared to existing practices. The new methodology aims to enable greater uptake of the climate-neutral, energy-saving advantages of wind-assisted propulsion. Wind-assisted propulsion system The data is used to calibrate predictions on forces generated by the rotor sail system The p...

ABS and the Floating Offshore Wind Power Technology Research Association (FLOWRA) of Japan signed a memorandum of understanding to collaborate and explore new technologies to support the floating offshore wind industry. “For over 160 years, ABS has been leading the charge for safety excellence in the marine and offshore industries. Joining FLOWRA represents a great opportunity for us to work closely with industry leaders who are shaping what safety means for floating offshore wind develop...

Pioneering independent fuel distributor in the UK, Certas Energy, has been named the official fuel supplier for the Tall Ships Races event in Aberdeen, Scotland, which is set to take place later this week. The company will offer both MGO (Marine Gas Oil) and HVO (Hydrotreated Vegetable Oil) to refuel the more than 50 ships arriving in port.  Ships arrive in Aberdeen Refuelling is expected to happen as the ships arrive in Aberdeen prior to the four-day event starting, this will be support...

ClassNK has released ‘FAQs on the FuelEU Maritime (4th Edition)’. It can serve as a helpful guide for stakeholders in the shipping sector when considering measures to comply with environmental regulations. FuelEU Maritime, an EU regulation aimed at promoting the decarbonisation of fuels used on board ships, has entered into force and applies to all ships above 5,000 gross tonnage calling at EU ports from January 1, 2025. Latest clarifications from EMSA’s webinar In this &lsq...

Anemoi Marine Technologies, a pioneer in wind-assisted propulsion technology, has developed an in-service performance verification process that reduces cost and complexity for operators while improving accuracy compared to existing practices. The new methodology aims to enable greater uptake of the climate-neutral, energy-saving advantages of wind-assisted propulsion. Rotor sail system The data is used to calibrate predictions on forces generated by the rotor sail system The process, validat...

Swiss marine power company WinGD has become the first engine designer to bring an ammonia-fuelled two-stroke marine engine to market following the delivery and installation of its X52DF-A engine on a 46,000m3 LPG/ammonia carrier being built for EXMAR. The vessel will be the first ammonia-fuelled gas carrier in service, and the engine among the first of WinGD’s ammonia-fuelled X-DF-A design to enter commercial operation. WinGD’s laboratory test engine The results from WinGD’s...

As ZEPA continues to create awareness and adoption of decarbonisation solutions across the global container port industry, the alliance is pleased to welcome new leading port industry members, including Ampcontrol, Kalmar and PSA Antwerp. The group now has 14 members with the expectation that additional members will join in the coming months. Adoption of BE-CHE ZEPA has already identified significant demand within the industry for BE-CHE and encouraged the take-up Together, this extended all...

Dry bulk carriers entered with INTERCARGO continue to demonstrate stronger performance than the global fleet average on safety and compliance, according to the Association’s latest Benchmarking Report. The report highlights meaningful differences across the sector, with significant variations in inspection outcomes, operational risk and regulatory performance. Incidence of regulatory deficiencies INTERCARGO-member ships consistently show a lower incidence of regulatory deficiencies and...

AssetGo, one of the UK’s major providers of digital fleet and driver compliance management systems, is pleased to announce the appointment of Elliot Blizard as Business Development Executive. The new hire marks a strategic step in the company’s continued expansion within the commercial transport sector. Elliot brings three years of hands-on sales experience and a proven track record in client engagement and relationship building. Expanding AssetGo’s customer base In his new...

Fleete, a pioneering provider of fleet charging solutions, has officially broken ground on its flagship commercial vehicle EV charging hub at the Port of Tilbury, Essex, marking a major step forward in the drive to decarbonise the UK’s logistics and freight sector at scale. Stakeholders and industry pioneers, including the Mayor of Thurrock, Cllr Sue Shinnick, gathered on site to witness the ceremonial first dig and plaque unveiling, recognising the public-private partnership behind what...

AdvanTec Marine is pleased to announce a major milestone: both its Canadian manufacturing facility in British Columbia and its Oregon, USA facility are now certified to produce fire-rated marine doors. With the Canadian site receiving MED Wheel Mark certification — making it the only such facility in Canada — AdvanTec now proudly holds fire-rated door certifications on both sides of the border.  Commitment to safety and innovation New chapter as AdvanTec strengthens its posit...

Kongsberg Discovery has decided to start production of HUGIN, an autonomous underwater vehicle, in the U.S. This strategic decision reflects the commitment to supporting the growing demand for advanced subsea technology in the U.S. market. Kongsberg Discovery is a global pioneer in advanced robotics and sensor technology, enabling the mapping, monitoring, and surveying of the ocean environment. This is achieved using advanced hydroacoustic, optical, and scientific sensors, connected to sop...

A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy Transport DMCC has enabled the successful shipment of bauxite from Guinea over the past 12 months. During this period, 12 cargo shipments, moving approximately two million tons of bauxite, have been completed.  Icon Gulf Trading appointed GeoServe to manage end-to-end shipping operations, through its Commercial Voyage Management as a Service (CVMaaS) covering areas, such as chartering,...

VIKING’s experience indicates that ship safety solutions are optimised when they are scoped, designed, and incorporated into the vessel design from the outset of a newbuilding project. Any benefits of short-term savings at this stage can quickly evaporate as operational realities take over. As a result, VIKING recommends a collaborative approach to safety at the first stages of ship design. Touching on every aspect of the storage, deployment, and servicing of equipment, VIKING also w...

RightShip announces the launch of Due Diligence Hub, a new product purpose-built for charterers with in-house vetting or risk assurance teams, who want to stay in full control of their risk management decisions more efficiently. Drawing on more than two decades of expertise in vessel vetting and maritime risk assurance, Due Diligence Hub represents the next step in RightShip’s evolution from a vetting service provider into a technology partner — one that puts powerful tools directly...

Baltic Exchange, in collaboration with Xinhua News Agency, proudly announces the release of the 2025 Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report. This annual report, now in its 12th year, ranks the world’s pioneering shipping centres based on a comprehensive evaluation of port factors, professional business services, and the general environment. For the 12th consecutive year, Singapore has been recognised as the world’s pioneering shipping...

OrbitMI, a pioneering provider of maritime SaaS software, has joined the Smart Maritime Council, reinforcing its commitment to advancing digital transformation and standardisation across the global shipping industry.  OrbitMI recognises that the full potential of maritime digitalisation requires more than individual innovation. True transformation depends on collaboration among owners, operators, software vendors, OEMs, and industry bodies to establish shared technology standards, improve...

Yanmar Holdings Co., Ltd., is pleased to announce that its group company, Yanmar Power Technology Co., Ltd., has been awarded in the Product Design category of the Red Dot Design Award 2025 for its maritime hydrogen fuel cell system, the GH240FC. The Red Dot Design Award, established in 1955 by Germany’s Design Zentrum Nordrhein Westfalen, is one of the world’s most prestigious design competitions. The GH240FC The GH240FC features a streamlined form with minimal external protrusio...

eCap Marine secured two contracts to supply hydrogen-based propulsion systems for zero-emission vessels. The Hamburg-based engineering specialist will deliver hydrogen power solutions for bulk carriers for Møre Sjø and short-sea container vessels for Samskip. Onshore power supply This year’s Nor-Shipping maritime trade fair, held in Oslo, proved to be a huge success for eCap Marine, a pioneering provider of engineering and integration services for emission-free power gene...

Hefring Marine announces the launch of its new mobile application designed specifically for marine professionals seeking enhanced fleet management capabilities. The app will provide unprecedented real-time insights and control over vessel operations, enabling users to improve safety, efficiency, and performance across their entire fleet. IMAS users and marine experts Users can now maintain constant connectivity with their vessels regardless of location The new application addresses the criti...