The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
Danish container shipping heavyweight Maersk plans to unify its structure by integrating its brands such as Hamburg Süd and Sealand, among others. The company explained the decision saying that the aim was to bring more ‘ease, agility and resilience’ to the supply chain. Maersk plans to conduct an i
French ballast water treatment systems producer BIO-UV Group has reported a 31% increase in revenues from its maritime business segment, contributing to full-year consolidated revenues of €51.5m for the 2022 financial year. The Euronext Paris listed company confirmed the sale of more than 200 BIO-SE
Container shipping giants MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have agreed to terminate the 2M alliance, effective in January 2025. 2M is a container shipping line vessel sharing agreement (VSA) signed by the duo in 2015 with the aim of ensur
Dutch ship design company AURELIA, has joined forces with naval architecture designer NEPA SHIPPING, and ALOFT SYSTEMS, experts in sails and weather routing, on a green retrofitting project involving a 205,000 dwt bulk carrier. The project set out to demonstrate how a combination of innovative solut
Singapore-based Pacific International Lines (PIL) has partnered with Lloyd’s Register’s fleet optimisation experts, i4 Insight, to help it reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. PIL recently opened a ‘Centre for Maritime Efficiency (CME) which is power
Wind propulsion systems developer Norsepower Oy has signed a contract with French ship owner and operator Socatra for the retrofit installation of two rotor sails on the medium range tanker Alcyone. The 50,000 dwt, 2022-built, French flag tanker, chartered by global energy company TotalEnergies, wil
MV Tennor Ocean, a 210-metre-long RoRo newbuild under construction at German shipyard Flensburger Schiffbau-Gesellschaft (FSG), set off on a test voyage from Flensburg heading for Bremerhaven. The ferry is on the move to Dock 3 at Lloyd Werft. During its week-long stay there, the shipbuilders of FSG
Marlink, the smart solutions company, has signed an agreement to provide hybrid network connectivity services to at least 100 ships operated by Singapore-based shipmanager Thome Group. Under the contract, the vessels will be equipped with Marlink’s high-speed VSAT service as well as L-band back-up.
Oslo-based Eitzen Group has become a majority shareholder in Høglund Marine Solutions, a compatriot provider of sustainable automation and energy solutions for the maritime industry. Høglund designs and develops smart automation, energy, and digital solutions targeting the optimization of vessels’ o
The Clean Arctic Alliance, comprising 20 not-for-profit organisations, called for urgent action to address the impact of underwater noise from ships on Arctic wildlife, as a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Ship Design and Construction opens in London. A pr
The construction of ESL Shipping’s energy-efficient plug-in hybrid vessels at the Chowgule Shipyard in India is progressing according to schedule, the Finnish dry bulk shipping company said. Block assembly of the first two vessels, Electramar and Stellamar, is currently progressing in four parts: af
Ship management companies OSM Maritime Group and Thome Group have agreed to a merger of the two companies. The combined company will be named OSM Thome. “By joining our resources in OSM Thome, we will become an even better partner to our customers. With our emphasis on safe and efficient operations
Howden, a Glasgow-based provider of air and gas handling products, has signed a Memorandum of Understanding (MoU) with naval architecture and marine engineering firm Foreship. The cooperation agreement focuses on incorporating Howden’s HV-TURBO compressors in Air Lubrication Systems (ALS), suitable
