Finance - News

Ecomar Propulsion has agreed to their third partnership agreement at Nor-Shipping 2023 - with Swiss hydrogen fuel cell specialists - EH Group Engineering AG. The partnership will see the partners integrating a series of new innovations into 200 kW+ marinised fuel cells. The partners aim to rationalise complexity and use a new series of control strategies for the seamless integration of fuel cells into Ecomar Propulsion’s zero-emission marine powertrains. Transition to clean propulsion P...

Nor-Shipping 2023 proved to be one of those 'you had to be there' moments. From the second the bell rang at Oslo Stock Exchange on Monday morning, announcing the beginning of 2023's packed programme, through to the final delegates leaving the Lillestrøm exhibition centre on Friday afternoon, Nor-Shipping 2023 delivered on every expectation. A record turnout at the exhibition, big names at the conferences, and a social scene that basked in unbroken sunshine created, in the words...

Korean Register (KR) has awarded an Approval in Principle (AIP) to HD Hyundai Heavy Industries (HD HHI) for a new type of tank shape designed for various liquefied gases and fuels. The announcement was made during Nor-Shipping 2023 in Oslo, Norway on 8 June, 2023. The new tank shape, developed by HD HHI, is designed to improve safety and productivity. The new tank shape aims to address the challenge of sloshing that impacts the transportation of liquefied gases, such as LNG. Sloshing refers to...

Remota AS, the joint venture between DeepOcean, Solstad Offshore, and Østensjø Group has signed a letter of intent (LOI) with Hyke (Hydrolift Smart City Ferries) to develop remote operations capabilities for Hyke’s ferries.  Under the LOI, Remota will support Hyke in the development of the remote operations capability of its electric and autonomous water shuttles. The LOI includes provisions for control technology and the interface between Hyke’s water shuttles an...

"To supercharge the green shift, we need a clear zero-emissions target by 2050, a market-based levy on CO2 emissions, and an improved set of efficiency measures, and as our industry’s global regulator, the IMO is the body to do it and fast. We no longer have the luxury of time," writes Norwegian Shipowners’ Association (NSA) CEO, Harald Solberg. He adds, "In the wake of this year’s Nor-Shipping, it was clear to me in all the conversations I had both on and off the record that...

Norwegian Cruise Line Holdings Ltd. (‘NCLH’ or the ‘Company’), a global cruise company that operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, has welcomed cruise industry veteran Patrik Dahlgren as the Company’s new Executive Vice President (EVP), Vessel Operations. Patrik Dahlgren will oversee marine and technical operations, hotel operations, entertainment, cruise programs and security across NCLH’s three brands, repo...

SeaDrone has announced the SeaDrone MINI, the latest in their line of single-man portable subsea ROVs. The SeaDrone MINI is a professional ROV for users of all experience levels. Realise major productivity gains with a system that can carry and deploy in minutes.  Maximise uptime with easy-to-service modular components. Dive fast using SeaDrone's Top Gun mode and operate in 3-knot cross-current. The MINI's control system actively stabilises the vehicle and allows to capture of crisp a...

A newly minted integration between maritime software supplier OrbitMI and data-driven communication platform Sedna is intended to ease the time-consuming process of handling voyage information in multiple emails by creating “intelligent connected workflows”, with Stena Bulk being the first to adopt the innovative solution. While there is increasing adoption of digital applications in shipping, current ways of working mean vital vessel data remains siloed in disconnected software pla...

The next major international boat show takes everyone to Amsterdam, Netherlands. From 20 June to 22 June 2023, AS Labruna will be present at the Electric & Hybrid Marine Expo 2023, the world's largest exhibition dedicated to marine electrification and hybrid propulsion. AS Labruna at Electric & Hybrid Marine Expo 2023 AS Labruna will be bringing their E-vision hybrid engines to the Netherlands AS Labruna will be bringing their E-vision hybrid engines to the Netherlands for the Electr...

Babcock Canada (Babcock), a globally renowned company in submarine support, has signed a Technical Cooperation Agreement with HD Hyundai Heavy Industries Co., Ltd (HD HHI) to collaborate on the Canadian Patrol Submarine Project (CPSP). The CPSP was established by the Canadian Department of National Defence to research procurement options for its next generation submarine. Babcock and HD HHI sign Technical Cooperation Agreement Babcock is a global expert in maintaining, modifying, and extendin...

Mersey Maritime, a regional cluster organisation for the North West maritime sector, is pleased to announce the appointment of Ruth Wood as their Interim Chief Executive Officer, effective 1st July 2023. Ruth Wood will be stepping-up to the role, following the departure of current Chief Executive Officer (CEO), Chris Shirling-Rooke who will be leaving Mersey Maritime to take up the position of Chief Executive of Maritime UK. Extensive maritime industry experience Ruth Wood has over 15 years&r...

Classification society - DNV has awarded the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration with Nordic Green Ammonia Powered Ships (NoGAPS) partners - BW Epic Kosan, Yara, MAN Energy Solutions, Wärtsilä, Global Maritime Forum, and Breeze Ship Design an Approval in Principle (AiP) for the design of an ammonia-powered gas carrier – the M/S NoGAPS. The certificates were presented during the Nor-Shipping trade fair at the DNV stand. Multi-fuel...

Corvus Energy, the global provider of zero-emission solutions for the ocean space, is thrilled to announce the launch of its ground-breaking, inherently gas-safe marine fuel cell product, the Corvus Pelican Fuel Cell System. Corvus Pelican Fuel Cell system Designed to transform the maritime industry, the new product represents a significant leap forward in safe, clean, and efficient power generation for marine vessels. The Corvus Pelican Fuel Cell system is the result of the H2NOR research pr...

Lloyd’s Register (LR) has awarded Daphne Technology with Approval in Principle (AiP) for its PureMetrics emission monitoring and reporting system, a key tool for understanding and mitigating emissions resulting from methane slip. Methane slip Methane slip, where unburned fuel is not fully combusted in engines, represents a significant obstacle to cutting climate emissions with a global warming potential (GWP100) 28 times that of CO2. Reliable and feasible technology is, therefore, key t...

Korean Register (KR) has awarded an AIP (Approval in Principle) for a 40,000 m3 LCO2 carrier developed by Samsung Heavy Industries (SHI) in collaboration with KR.  Result of collaboration The certificate was presented during a ceremony held at Nor-Shipping 2023 in Oslo, Norway on 7 June. This achievement is the result of a successful collaboration between SHI and KR, with SHI designing the cargo tank and hull structure, while KR verified the suitability of the design by reviewing classif...

Young people under the age of 30 make up half of the world’s population. Their future depends largely on a successful transition to more sustainable, zero-emission solutions. It is, therefore, important that their interests, views, and perspectives are heard. That is why the Global Maritime Forum is giving aspiring leaders between the ages of 18 to 30 the opportunity to make their case for an inclusive transition to a zero-emission maritime industry. In the fifth edition of the...

Anemoi Marine Technologies, a UK-based developer of Rotor Sails for the global shipping industry, is enhancing its efforts to provide its award-winning Rotor Sail technology for ship owners, managers, and charterers to install onboard vessels as they look to decarbonise their operations. The company will be showcasing these solutions at Nor-Shipping 2023, a prominent international maritime event held from 6 June - 9 June, 2023 at NOVA Spektrum, Lillestrøm, Norway. Attendees are invi...

Ecomar Propulsion has agreed to their third partnership agreement at Nor-Shipping 2023 with Swiss hydrogen fuel cell specialists - EH Group Engineering AG. The partnership will see the partners integrating a series of new innovations into 200kW+ marinised fuel cells. The partners aim to rationalise complexity and use a new series of control strategies for the seamless integration of fuel cells into Ecomar Propulsion’s zero-emission marine powertrains. Hydrogen-powered Energy Storag...

Korean Register (KR) has granted Approval in Principle (AIP) for a methanol-fuelled MR tanker, jointly developed by KR, South Korean shipbuilders - K Shipbuilding and equipment manufacturer - S&SYS at Nor-Shipping 2023 in Oslo, Norway on 6 June, 2023. Joint Development Project As part of the Joint Development Project (JDP) between the three companies, the MR tanker is designed as a dual-fuel vessel, harnessing the power of marine gas oil (MGO) and methanol. The vessel incorporates two m...

By pooling expertise and resources, Kongsberg Digital and StormGeo are committed to transforming how performance data is gathered, analysed, and utilised. As the first step, StormGeo's Performance Application will be available to maritime customers together with Kongsberg Digital’s Vessel Insight Vessel to Cloud data infrastructure. Vessel Insight solution As a global frontrunner in weather intelligence and data science, StormGeo empowers enhanced business decisions in weather-sensitive...

The winners of the Nor-Shipping 2023 awards have been announced, with Swedish/Danish tanker operator - Terntank, wind power pioneer - AlfaWall Oceanbird and Bound4Blue Co-Founder and COO - Cristina Aleixendri Munoz taking the top prizes. All three were awarded in front of audiences of key global decision-makers at the 29th Nor-Shipping, taking place in Oslo and Lillestrøm, Norway. Focus on the future Expert judging panels described the competition for the accolades as 'fiercer than eve...

The Federal Government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships 2009; International Convention on Standards of Training Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F) 1995...

A publication in an online medium ‘Ships and Ports’ features allegations of nepotism against the management of the Nigerian Maritime Administration and Safety Agency, NIMASA under the leadership of Dr. Bashir Jamoh OFR. NIMASA would wish to state categorically that this publication is subjective, smirking mischief, skewed to achieve the goals of the fabricator, and meant to mislead Nigerians. It is worthy of note that the Nigerian Maritime Administration and Safety Agency’s ap...

ABB E-mobility has announced details of its new HVC360 fleet charging solution, putting the power to drive change in the hands of fleet managers everywhere. With the decarbonisation of road transport taking centre stage in many nations’ climate policies, recent years have seen huge strides made towards the provision of electric mobility solutions. But while the growing number of public charging points is excellent news for EV drivers, these alone do not meet the needs of electric fleets....

Inmarsat Maritime, a Viasat business, and a worldwide renowned company in global, mobile satellite communications, has published its Decarbonisation Toolkit, which outlines a practical blueprint for decarbonisation in the maritime industry.  Compiled by maritime innovation consultancy Thetius, the report uses real life examples to set out a framework across three domains of energy transition: ‘Operation’, ‘Ship’ and ‘Human Element’.  Decarbonisatio...

The official opening of Nor-Shipping 2023 took place with a high-profile event at Oslo City Hall, a special bell-ringing ceremony at the Oslo stock exchange, a UN Global Compact high-level meeting, and a range of other partner and networking activities. Nor-Shipping’s main exhibition, gathering almost 1000 international exhibitors and tens of thousands of delegates, kicks off in Lillestrøm on June 6, 2023, with organisers believing this will be 'the biggest and best Nor-Shipping we...

NSSLGlobal, the independent global satcom and IT solutions provider, and authorised Starlink LEO service partner, has announced the launch of its FUSIONIPLEO solution developed to meet the specialised needs of the maritime industry. Hybrid networks are the future of maritime connectivity and fusing NSSLGlobal’s world-class VSAT network with Starlink’s LEO constellation means that FUSIONIPLEO will help resolve challenges facing maritime customers, combining high availability bus...

Nor-Shipping has announced that John F. Kerry, the United States Special Presidential Envoy for Climate, will deliver a closing address at the Ocean Leadership Conference, taking place on Tuesday, 6 June, 2023. Sustainability John F. Kerry, a former Secretary of State and Democratic Presidential Candidate, will share the stage with other key global figures, including Dr. Andrew Forrest, the Founder and Executive Chairman of Fortescue Metals Group, and Joseph E. Stiglitz, Nobel Laureate in Econ...

The Goltens Worldwide group of companies is delighted to announce the appointment of Mr. Sandeep Seth as the Chief Executive Officer (CEO).  Sandeep is a home-grown success story, having joined Goltens in 2002 and occupied positions of increasing responsibility since then. He will continue to serve as a member of the Board of Directors. New capabilities and business lines Sandeep’s new title and authority demonstrates the full extent of his responsibilities across the Goltens organ...

The Ports of Sines and the Algarve Authority (APS) is part of a European project (ADMIRAL) that aims at transforming the way companies manage their supply chains and logistics. Based on the Logistic Single Window (JUL), and the involvement of terminal operators, logistics platforms, multimodal logistics operators and authorities, APS leads the development of the pilot program ‘Portugal-Spain’, which aims at establishing a multimodal corridor, digital and green, between Sines and Mad...