Fincantieri and EDGE to Launch JV for Naval Vessels Construction
EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders…
GLO Marine and VMS Group Join Forces for ‘Green’ Vessel Retrofitting
Retrofit specialist GLO Marine and expert in propulsion systems VMS Group have teamed up to expand their collaboration into comprehensive retrofits and vessel modifications, with a primary focus on decarbonization initiatives.In a strategic move towards advancing sustainable maritime practices, the GLO Marine-VMS Group partnership will prioritize retrofit projects and vessel modifications that align with the latest green technologies.The partnership stems from a series of ‘seamlessly executed’ retrofit project installations…
Ambrey, Inchcape Shipping Services Join Forces
Ambrey and Inchcape Shipping Services (ISS) announced a strategic partnership aimed at transforming safety and security in the maritime sector.Through this partnership, Ambrey and Inchcape will jointly offer a comprehensive range of services via Inchcape's Survey & Inspection Department, led by Vice President Chris Greenwood, including Citadel Inspections, Ship Security Assessments, Anti-Piracy Ship Security Assessments, Ship Security Plan Reviews, and Port Security Assessments on various projects worldwide.In turn…
Japan Urged to Scale up Offshore Wind Auctions
International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide.Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind, but some industry players say it is taking a more cautious approach that puts it at a disadvantage."It's a global race and we can't look at it in isolation…
MAN Energy Solutions and Doen WaterJets Partner for Australian Military Tender
MAN Energy Solutions and Doen WaterJets (DOEN) have agreed to join forces to offer a fully integrated propulsion system solution to the Australian Army’s LAND 8710 Littoral Manoeuvre Vessel Phase 1A (LMV-M) program.The program aims to acquire a medium landing craft suitable for a range of missions in Australia’s northern waters and beyond.The cooperation spans the full product lifecycle including propulsion system design, integrated logistics support and commissioning, through…
Kongsberg Maritime, BMA Technology to Provide Low-voltage Electrical Products to Turkish Shipyards
Norway's Kongsberg Maritime and Turkey's BMA Technology have partnered up to support the supply of low-voltage electrical products and engineering services to Turkish shipyards.BMA Technology, based in the Gebze Organized Industrial Zone, east of Istanbul, is a technology company providing electrical system solutions for the marine industry.As part of the alliance agreement, BMA Technology will manufacture, assemble, and test Kongsberg Maritime low-voltage electrical products in its facility in Türkiye.
Bourbon Horizon Inks MOU for Zero-emission PSVs Using Amogy's Ammonia Technology
Norwegian partners are planning to build a series of zero-emissions platform supply vessels (PSV) equipped with Amogy's ammonia-to-power technology.Green Ships AS, a consultancy specialized in the design and construction of environmentally friendly vessels, and Bourbon Horizon AS, an international offshore shipping company, have signed an MoU with Amogy for the supply of its technology to two PSVs. The deal includes an option for a third vessel.Bourbon Horizon, formerly Bourbon Offshore Norway, will be the commercial and technical manager of the new vessels.
MOL and EDF Renewables Join Forces to Drive Offshore Wind and Green Hydrogen Development
Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) and French renewable energy firm EDF Renewables have signed a memorandum of understanding (MoU) to cooperate in the acceleration of the development of offshore wind and related business and to encourage developments in green hydrogen."With this MoU, both partners wish to collaborate and bring together their respective and complementary expertise and experience in offshore wind energy as well as in green hydrogen solutions…
BSG Acquires Maritime Software Company
Bleecker Street Group (BSG), a global software holding company, announced the acquisition of Ripple, an integrated maritime software company. The acquisition underscores BSG's commitment to the maritime sector, solidifying its position as an emerging force in the broader Supply Chain Software industry.Ripple has earned acclaim for its mission-critical solutions designed to address unique operating challenges faced by maritime, and it has a long client list in the sector delivering to tugboat…
Furetank and Algoma JV Orders Two More Vessels
Furetank and Algoma Central Corporation announced further expansion of their FureBear joint venture with orders for two additional vessels. The two ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected in second and third quarters of 2026.The new order for Vinga series vessels grows the FureBear joint venture to a total of 10 intermediate product tankers under construction, with the first vessel slated for delivery in the first quarter of 2024.
Global Transport Solutions Acquires Ship Spare Logistics
Global Transport Solutions (GTS), a logistics service provider specialized in supply chain solutions for the maritime industry (through the brand Marinetrans), has acquired Ship Spares Logistics (SSL) (formerly part of Burando Maritime Services), a marine logistics specialist providing barge deliveries, warehouse consolidation and freight forwarding services. The combination of the two companies will elevate service offerings in marine spare parts logistics, creating a synergy that leverages the combined strengths…
ABS, GTT and DHT Developing LNG-fueled VLCC Design
ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint development project (JDP) to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion that meets Class and statutory requirements.The dual fuel vessel is intended to provide flexibility for operations and to reduce greenhouse gas (GHG) emissions.The agreement—signed at the Gastech 2023 conference in Singapore—will see ABS, GTT and DHT focus on optimizing the VLCC design…
Aker BP, Höegh LNG in Carbon Transport and Storage Services Pact
Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirs…
Intermarine and Jumbo-SAL-Alliance Set Up Hub in Chile
Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile. The first office to carry the name of both companies will be led by Nelson Matus, a veteran in the South American breakbulk and multipurpose sector with over 25 years of experience. Matus and his…
Coast Guard and Local Authorities Join Forces in Response to Port Newark Vessel Fire
A Unified Command has been established to continue response to the fire aboard Grimaldi cargo vessel Grande Costa D’Avorio, which caught fire Wednesday night around 9:30 PM at the Port of Newark, an incident in which two firefighters died Thursday.The U.S. Coast Guard, Port Authority of New York and New Jersey, Newark Fire Department, and Gallagher Marine Systems (as representative of the ship operator) have established a Unified Command in Port Newark, supported by a host of federal…
Cyan, Taya in Offshore Wind Vessel Collab in Taiwan
Singapore-based Cyan Renewables said Wednesday it had signed a Memorandum of Understanding (MOU) to partner with Taiya Renewable Energy, a Taiwanese offshore wind farm development company. Under the MOU, Cyan and Taiya will collaborate to build vessel capacity, including CLV, FIV and WTIV vessels, and work together on deployment in Taiwan and other markets. The MOU also outlines partnerships on key infrastructure like offshore wind supply base, as well as working together to establish new local partnerships and strengthen governmental and industry-academia cooperation in Taiwan…
ADNOC L&S, SeaOwl Designing Unmanned Supply Vessels for Offshore Operations
ADNOC L&S, the shipping and maritime logistics arm of the Abu Dhabi-based oil firm ADNOC, has signed an agreement with SeaOwl for the design of unmanned remotely operated vessels capable of transporting vehicles, equipment, and supplies to and from offshore sites.ADNOC L&S said these vessels would reduce carbon emissions by up to 30% as the vessel will be lighter and smaller, as facilities for a crew are not required. "In addition, the smart automation systems will optimize routing and propulsion…
Svitzer Inks Deal with Caterpillar for Methanol Dual Fuel Newbuilds and Conversions
A.P. Moller - Maersk’s towage operator Svitzer has signed an agreement with engine manufacturer Caterpillar to utilize methanol fuel across its fleet as part of the company's decarbonization strategy.Under a recently signed memorandum of understanding (MOU), Svitzer will work with caterpillar Marine to implement dual-fuel methanol engines aboard its new tugs as well as conversions of existing Cat powered tugs, which comprise the majority of Svitzer's fleet. Following the recent Cat 3500-E series methanol-readiness announcement in September 2022…
ABS Wavesight Partners with ActZero on Maritime Cybersecurity
ABS Wavesight, an ABS-affiliated software-as-a-service (SaaS) company, today announced a new alliance with ActZero, a managed detection and response (MDR) service provider, to help safeguard fleets from the growing threat of cyberattacks.ActZero will provide cybersecurity protection to ABS Wavesight clients alongside ABS Wavesight’s portfolio of vessel and voyage management tools. “Offering ABS Wavesight users a cyber solution is not just a natural next step; it’s a necessary one,” said Paul Sells, CEO of ABS Wavesight.
Lomar Shipping Names Bujor Technical Director
Libra Group's shipping subsidiary Lomar Shipping announced the appointment of Marius Bujor as its new Technical Director. Based in the company’s Bremen office, he succeeds Stylianos Papageorgiou who has been promoted to the position of Managing Director of lomarlabs, a new venture to collaborate with deep-tech start-ups.Bujor has been with Lomar for eight years, having joined in 2014 as a Technical Superintendent. He became a Fleet Manager four years later, and was promoted to Deputy Technical Director in late 2022, as Lomar prepared for the launch of lomarlabs.
Cummins and Danfoss Partner on Hybrid Propulsion Solutions
Cummins announced it has signed a memorandum of understanding (MOU) with Danfoss Power Solutions’ Editron division to partner in bringing a unique standard hybrid marine solution to the global maritime market.“This partnership is another step forward in Cummins’ Destination Zero strategy – our plan to reach net zero emissions across our products by 2050,” said Rachel Bridges, Global Marine Director, Cummins Inc. The respective products of Cummins and Danfoss’ are an ideal match, because both companies are focused on energy optimization, efficiency, and clean solutions.
Bourbon and Horizon Join Forces to Provide Offshore Vessel Services in North Sea and Canada
Bourbon and Horizon Maritime have created a new joint venture that will offer marine services and operations in the North Sea and Canadian offshore markets.Incorporated in Norway, the new company is called Bourbon Horizon, and, according to a press release issued Thursday, it will become "a new leader in offshore operations in the harshest environments."It will be strategically positioned in Fosnavåg (Norway) and St. John’s (Newfoundland and Labrador, Canada), with a base fleet of "seven modern and capable offshore support vessels."The fleet includes five platform supply vessels…
Shipbuilding: ACBL Inks Deal to Build Tier 4 Towboat
Jeffersonville, Ind. based American Commercial Barge Line (ACBL) announced it has signed a contract with Bayou La Batre, Ala. shipbuilder Steiner Construction Company for the design and construction of a new EPA Tier 4 retractable towboat.“Investing in our future is a key part of ACBL’s strategy. We are proud to introduce the first Tier 4 Mitsubishi engines to the marine industry,” said Mike Ellis, CEO, ACBL. “The addition of this new Tier 4 retractable towboat represents our…