Rising costs

Kongsberg unveils electric towing winch for tug market

Kongsberg Maritime has announced the launch of a new electric towing winch, expanding its winch product portfolio to better serve the tug market. The new winch is powered by a frequency converter-driven electric motor, delivering enhanced operational efficiency and reduced environmental impact compared to traditional hydraulic systems. Reduction in hydraulic systems A key advantage of the new electric towing winch is the reduction in hydraulic systems on board A key advantage of the new elec...

INTERCARGO's initiatives: Dry bulk sector's future

INTERCARGO, the International Association of Dry Cargo Shipowners, convened last week in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China. The meetings, hosted by COSCO Shipping Bulk, brought together members from across the globe for two days of dialogue and decision-making. Senior representatives gathered to discuss pressing issues the dry bulk sector is facing, including the evolving regulatory landscape, operational performance, and the...

Artemis EF-12 hydrofoil: Zero-carbon maritime innovation

Artemis Technologies, a pioneer in high-performance maritime innovation, alongside Orkney Ferries and the European Marine Energy Centre (EMEC), are pleased to announce the arrival in Orkney of the fully electric hydrofoil vessel – the Artemis EF-12 Workboat XL, named ‘Zevi 1’. The arrival of the Belfast-built Artemis EF-12 Workboat XL is an important landmark in the Electric Orkney project, which aims to demonstrate the benefits of electric-powered hydrofoil workboats and pass...

ABS approves Samsung LNG floating facility design

ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O). Called MLF-O, the next-generation design from SHI optimises the production facility for deepwater areas with a wave height of nine metres. According to SHI, the design has the advantage of providing faster delivery and cost-effective efficiency compared to onshore plants. ABS completed design reviews based on class an...

Fincantieri's submarine market expansion

During the DEEPDIVE - Analyst and Investor Underwater Day held today in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community, outlining a clear, ambitious, and already well-advanced path of industrial growth. Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately 820 million euros and est...

Inchcape completes Grieg Logistics integration

They are pleased to announce that Grieg Logistics, which Inchcape Shipping Services acquired in June 2024, will officially change its name to Inchcape Shipping Services on 19 May 2025. This rebranding marks Grieg Logistics' full integration into the Inchcape family, uniting the strengths under one global brand. While Grieg Logistics' name is changing, the commitment to excellence remains steadfast. The dedicated team and exceptional customer service that has defined Grieg Logistics will continu...

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