News

Engine manufacturer WinGD and Mitsubishi Shipbuilding report they have reached a key milestone in the development of ammonia-fueled propulsion.

New research by the British Chamber of Commerce released today uncovered the scale of the impact on UK businesses caused by the disruption to shipping in the Red Sea.

Norway looks to be at the forefront in the development of new maritime technologies both to advance decarbonization and to increase the operating safety and efficiency of vessels.

The trade group representing the U.S. apparel, footwear, and accessories industry is calling for “immediate engagement” by the Biden Administration in the contract negotiations for East Coast and Gulf Coast dockworkers.

Cargill Ocean Transportation, the ocean shipping arm of the commodities giant, is reporting encouraging results largely in line with projections after the first six months of testing of wind-assisted propulsion aboard a Kamsarmax bulker.

GE Aerospace plans to significantly hike its investment this year on efforts to improve quality and boost output at its facilities and those of suppliers. The Ohio-based engine maker will spend $650 million this year on the efforts, more than twice the $335 million it spent on similar projects last year, GE Aerospace says on 12 March.

The Nautical SUNRISE project is set to support the world's largest Offshore Floating Solar power installation. The € 8.4 million project, supported with € 6.8 million of the Horizon Europe programme, kicked off in December 2023 to execute research and development on offshore floating solar (OFS) systems and its components.

Uruguayan shipowner and operator TFF has contracted Dutch inland shipping construction yard Concordia Damen to build a CDS2410 Shallow Draft River Pusher (2.500 HP) to expand its fleet of pushboats. TFF will use the pusher for transporting cellulose pulp from Fray Bentos to the port of Nueva Palmira.

The UK had been at the forefront of offshore wind energy development and with approximately 14 GW already operational continues to have the largest installed base in Europe.

The Panama Canal Authority began introducing a series of restrictions in response to record low rainfall levels which reduced water levels in its reservoirs.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $500 million in funding for the Port Infrastructure Development Program in Federal Fiscal Year 2024.

Spain’s Iberdrola, one of the world's biggest energy companies, is proposing to take private its U.S. operating company Avangrid in a deal valued at nearly $2.5 billion.

South Korea today launched a new containership which is set to achieve new milestones in the efforts to develop autonomous shipping.

In the “basket of alternative fuels,” LNG stands out for its environmental benefits, established infrastructure and the industry's commitment to future-proofing maritime operations through significant investments.

The company is investigating future fuels such as green hydrogen, synthetic methanol and ammonia to provide complete flexibility across engines and the fuel chain

The amount of fuel a ship burns is largely a function of the load on the engines and the RPMs they’re running at. The first step towards a voyage optimized for fuel efficiency is therefore understanding the performance of the engines and the fuel they’re using.

After winning a 3-year contract for more than 80 vessels to VSAT, Iridium and VoIP in 2021, Castor Marine’s connectivity contract has now been renewed by Jan De Nul Group and includes a roll-out of Starlink to most Jan De Nul Group vessels. The experts in marine construction

Finnish marine technology firm Wärtsilä announced 18 months ago it was scaling down its manufacturing in Trieste, a city where it has had a presence since 1997, buying into and then taking over the 1972-founded Grandi Motori Trieste (GMT). The 300,000 sq m plant (pictured) had been focusing on medium-speed marine engines

Rotterdam, February 20th, 2024 - Developer of maritime battery systems EST-Floattech receives an investment of 4 million euros from Energy Transition Fund Rotterdam and existing shareholders Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. This was announced by Chantal Zeegers, the Alderman for Climate, Building, and Housing in Rotterdam.

Rotterdam, 19 February 2024 - Chemship today commissioned its first ship with wind assisted ship propulsion. This makes the MT Chemical Challenger the first chemical tanker in the world to be equipped with sustainable wind technology.