Lithuania News

RAD Propulsion, the British developer of advanced electric boat drive systems, announced a new partnership with Pangolin Photo Safaris, Africa's major wildlife photography safari specialists. The collaboration sees RAD's revolutionary RAD 40 electric outboard system power the new Pangolin Voyager houseboat, setting a new standard for sustainable luxury tourism in one of Africa's most stunning wildlife environments. This project brings together RAD Propulsion’s cutting-edge 40kW electri...

ABB has integrated a comprehensive scope of technologies onboard Feadship Breakthrough. The vessel was constructed by Dutch high-end yacht builder Feadship. Launched in May 2025, the privately-owned 118.8-metre yacht will be among the first vessels in the world to feature multi-megawatt fuel cell technology.  Azipod® electric propulsion units ABB has also provided shipside shore connection technology and Remote Diagnostic Services ABB’s scope of supply comprises the Onboard DC...

Samskip, one of Europe's renowned logistics service providers, has officially joined the DCSA+ partnership program, reinforcing its commitment to digital innovation, interoperability, and the evolution of global logistics standards. By becoming part of this influential network, Samskip takes a pioneering role in shaping the digital frameworks that will power tomorrow’s logistics, frameworks built on openness, collaboration, and efficiency. Future industry standards “We believe the...

Watson Farley & Williams advised a consortium of lenders comprising Nordea Bank Abp, filial i Norge, acting as facility and security agent, Skandinaviska Enskilda Banken AB, ABN AMRO Bank N.V. and Danske Bank A/S on a US$350m revolving credit facility provided to Ardmore Shipping Corporation (“Ardmore”) to refinance Ardmore’s existing revolving credit facilities and for general corporate purposes. The facility was secured by 20 of Ardmore’s vessels. Founded in 2010,...

Lloyd’s Register OneOcean (LR OneOcean) has launched OneOcean 2025, marking the most substantial enhancement to its digital maritime platform in recent years. Designed to address the evolving challenges of voyage planning, regulatory compliance, and operational efficiency, this latest release introduces a host of new features aimed at improving safety, reducing human error, and streamlining fleet-wide operations. Risk of grounding incidents Users accept real-time alerts for UKC pol...

At LR OneOcean, they continue to evolve the digital solutions to help maritime organisations manage their operations more effectively. The latest step on this journey is the new integration between Cloud Fleet Manager (CFM) and ISF Watchkeeper (ISF WK), which enables more connected crew compliance and management across fleets. The integration allows relevant crew and contract data and work and rest hour records to synchronise between CFM Crewing and ISF WK. This helps ship operators reduce manu...

Regional Container Lines partners with Lloyd’s Register OneOcean to optimise fleet operations, cut emissions, and boost sustainability using advanced voyage planning and routing technology. RCL has partnered with Lloyd's Register OneOcean (LR OneOcean) to enhance the efficiency and sustainability of its fleet operations. Advanced optimisation technology Under the agreement, RCL has subscribed to LR OneOcean’s voyage optimisation platform, which provides real-time voyage plann...

The International Maritime Organization (IMO) is working toward a smooth transition to the next generation of navigation technologies. The standard for Electronic Navigations Charts (ENCs) is transitioning from S-57, an older, static data standard to exchange digital hydrographic data, to the new S-100, a more dynamic framework. While S-57 was limited to just ENCs, the new S-100 framework can handle a variety of data types, such as real-time tides and currents, to improve situational awareness...

Marcura, a major maritime technology provider, has acquired Brightwell Navigator, the maritime crew payroll and payment services division of Brightwell, an Atlanta-based financial technology company. The transaction expands Marcura’s footprint in the cruise sector, where Navigator dominates global cruise line crew payments with a particularly strong North American presence. Marcura dominates commercial shipping crew payments with established strength in Europe and Asia. Together,...

ABS issued a New Technology Qualification (NTQ) certificate to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) for their next-generation electric propulsion solution: the Medium Voltage Direct Current (MVDC) power system for ships. The Breakerless-MVDC Power System builds on HD Hyundai’s modular propulsion drive system and is the first in the world to receive an ABS NTQ certificate, indicating the technology’s feasibility and matur...

Sallaum Lines proudly announces the successful early delivery of the MV Ocean Breeze, a next-generation LNG dual-fuel Pure Car and Truck Carrier (PCTC) built by Fujian Mawei Shipbuilding in China. The vessel was delivered on July 18, an impressive four months ahead of schedule, setting a new standard for green shipbuilding speed and precision. The Ocean Breeze is more than just a new ship; it represents a major milestone in Sallaum Lines’ strategic vision to modernise global automotive lo...

Indian Register of Shipping (IRS), a premier ship classification society, congratulates the Indian Coast Guard and Goa Shipyard Limited (GSL) on the successful launch of two new vessels — Pollution Control Vessel (PCV) ICGS Samudra Prachet and Fast Patrol Vessel (FPV) ICGS Atal. These vessels mark a significant step towards strengthening India’s maritime security, environmental protection, and indigenous shipbuilding capabilities. Stringent standards of safety IRS has worked...

A variety of fuels will be embraced in the maritime industry in the next decade and after, based on various vessel types, operational needs, and the availability of infrastructure. The shift toward newer fuels is driven by new greenhouse gas (GHG) reduction goals and the journey toward net-zero emissions, but a variety of other factors will also impact the changing trends. We asked our Expert Panel Roundtable: Which fuels will dominate the maritime industry in the next decade and beyond?

This August marks the official launch of CFARER, a new brand formed from what was previously known as DNV Maritime Software. The move represents a significant shift in the ownership and operational structure of DNV’s fleet management software business. The new name CFARER is a clear commitment to the people who keep ships moving, offshore and onshore: the seafarers.  CFARER now operates independently, with DNV retaining majority ownership and shipping company Wilhelmsen Port Servi...

Samskip is proud to announce the launch of its long-anticipated Moroccan Reefer Service, a new shortsea container route connecting Agadir and Casablanca directly with the UK and the Netherlands. Specially designed to meet the needs of the fresh produce sector, this service provides the fastest door-to-door transit time in the market, offering a true alternative to traditional road transport for Moroccan fruits and vegetables. To support this impactful milestone, Samskip has also signed a lon...

The Vice President of Jiangnan Shipyard Group, the largest Chinese shipyard specialised in gas carrier construction, Lin Qingshan, arrives at Navalshore 2025 with the goal of seeking partnerships and expanding its presence in the Brazilian market. The group, participating for the first time in Latin America's largest maritime fair, scheduled for August 19-21 in Rio de Janeiro, Brazil, has already initiated contacts for the second tender of Petrobras' fleet renewal program. The process involv...

A two-year Coalition partnership to accelerate decarbonisation efforts in the dry bulk segment has been signed by the Global Centre for Maritime Decarbonisation (GCMD) and the International Association of Dry Cargo Shipowners (INTERCARGO). Dry bulk is the world’s largest shipping segment by tonnage and presents unique decarbonisation challenges, particularly for small and medium-sized owners operating unpredictable tramp trades. This partnership combines GCMD’s technical insights...

ClassNK announced that a consortium it formed with IHI Corporation, JFE Steel Corporation, Tohoku University, and the Institute of Science, Tokyo was selected by New Energy and Industrial Technology Development Organization (NEDO) to participate in the Feasibility Study Program on Energy and New Environmental Technology. The consortium will promote the development of Stress Corrosion Cracking (SCC) Probability Evaluation Tools for Fuel Ammonia Storage Tank and Transportation Equipment. The c...

Anemoi Marine Technologies, the UK's major developer of wind-assisted ship propulsion systems, has won funding under the sixth round of the Clean Maritime Demonstration Competition. The £1.2 million project will include the development of a next-generation folding sail system tailored to Kamsarmax and Panamax bulk carriers, as well as aerodynamic design enhancements that will significantly increase fuel savings. Clean Maritime Demonstration Competition The CMDC funding gives Anemoi th...

OrbitMI, a major provider of maritime SaaS software, is pleased to announce the appointment of Capt. Sujit Padhye to a senior leadership role overseeing product strategy and managed services. Capt. Sujit will guide the continued evolution of OrbitMI’s digital solutions portfolio, spearhead product innovation, and lead the development of global managed services that enhance customer engagement and operational performance. Commercial shipping Capt. Sujit brings over 25 years of combined...

The Soundings Trade Only Group, in partnership with the International BoatBuilders’ Exhibition & Conference (IBEX), is pleased to unveil the lineup of speakers and session topics for the 2025 Marine Ideas Exchange (MIX), an exclusive live event designed to spark fresh thinking, bold ideas, and actionable solutions for the future of the marine industry. MIX will take place at IBEX on Wednesday, October 8, 2025, from 7:30–10 a.m. EST at the Tampa Convention Center and will feature...

Navtech Radar, designer and manufacturer of high-precision W-band Radar systems, announced a strategic partnership with Tocaro Blue, a developer of Machine Learning (ML) powered Radar processing solutions. This collaboration combines Navtech's cutting-edge Radar hardware with Tocaro Blue's advanced machine learning Radar processing software to deliver a transformative marine navigation and collision avoidance sensor. Traditional marine Radar Navtech’s unique W-band Radar offers unparal...

The third edition of The Maritime Standard Transportation and Climate Change Conference (TACCC) will bring together industry pioneers for an in-depth exploration of emerging technologies and innovations driving sustainable maritime mobility. Session 2, titled "Innovations & Technology for Decarbonized Mobility", will feature a diverse lineup of experts from across the global shipping, ports, and maritime technology sectors. The conference will take place on Thursday, 25th September 2025,...

Various paths to support decarbonisation include alternative carbon-free and carbon-neutral fuels, electrification and enhancing vessel efficiency. A system level approach enhances the value of these technologies; tackling each element separately can lead to a sub-optimised solution today and an inflexible solution to meet the uncertainties and increasingly stringent requirements in the future. Wärtsilä Marine set up its Integrated Systems & Solutions (IS&S) unit to address t...

The EU's latest crackdowns on the Kremlin's energy industry will have a limited immediate impact on Chinese buying of Russian crude cargoes, trading, refining and shipping sources told Platts July 21. China is the top destination for Russia's crude supplies, via sea and pipeline. In the first half of the year, combined seaborne and pipeline imports dropped 10.9% year over year to 49.11 million mt (1.99 million b/d), with the market share declining to 17.6% from 20% seen over January-June 2024,...

India has unveiled a new set of policies for its oil and gas sector, under which it aims to offer a cushion to upstream investors from fiscal policy changes as well as make its revenue-sharing model more attractive to attract investors into the segment. The petroleum ministry recently invited feedback on the proposed Petroleum and Natural Gas Rules for 2025, after which New Delhi can move forward to implement those rules as official policy, either with or without amendments. The latest proposed...

MacGregor continues to serve its maritime and offshore customers with its wide portfolio of cargo and load handling equipment under the ownership of Triton, a pioneering European mid-market investment company. The transaction between Triton and MacGregor’s previous owner, Hiab (former Cargotec) Corporation, was closed on 31 July 2025. Merchant and offshore businesses “We at Triton are very pleased and excited about being the new owner of MacGregor. MacGregor has great engineering...

The volume of nominations for this year’s TMS Awards, which will take place on October 29th at the Atlantis, The Palm, Dubai, has been the highest ever. Moreover, there has been a clamour of requests for more time to get entries in. As a result, TMS has decided to extend the deadline by two weeks, from August 1st to August 15th. TMS Awards Chairman of Judges, Clive Woodbridge, says, “While we are conscious of the time pressures facing the judges, we want to make sure that as many co...

The Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends and conventional oil-based fuels can be used to calculate the cost of marine fuels around the world, taking into account the EU Emissions Trading System and adjusted for energy density to put them on an equal footing. Methanol blend Shipping firms are struggling to acquire sustainable methanol due to its scarcity, and some industry participants suggest blending the green fuel...

The Board of Directors of MacGregor Group AB has appointed Jonas Gustavsson as the new Chief Executive Officer of MacGregor, as of 1 August 2025. He succeeds Leif Byström, who is retiring. “We are delighted to welcome Jonas Gustavsson as CEO of MacGregor,” says Ilkka Tuominen, Investment Advisory Professional at MacGregor’s new owner - Triton and Board Member in MacGregor Group AB, adding “Jonas is an experienced and visionary leader with an excellent track record o...