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Tuesday, March 19, 2024
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Technology Company News

22 Feb 2024

Virtual Marine: Simulator Training is the Real Deal

(Photo: Virtual Marine)

In the commercial maritime and offshore industries, where worker safety and competency are crucial, effective training practices are an absolute must. While hands-on, in-the-field learning will always be a vital component of any mariner’s training, marine simulation has become a welcome enhancement to the education process. And in some cases, it’s seen as a safer alternative to traditional survival craft and rescue boat training.A leader in this space is Virtual Marine, based in Newfoundland and Labrador.

21 Feb 2024

Orca AI Platform Helped Fleet Cut CO2 Emissions

© donvictori0 / Adobe Stock

Maritime technology company Orca AI has calculated that its automated situational awareness platform achieved significant operational gains for clients in 2023, including a 172,716-tonnes reduction in CO2 emissions and fuel savings.The drop was attributed to fewer sharp manoeuvres and speed drops, as well as an overall reduction in the number of potential incidents and collisions avoided.The analysis was carried out on 15 million nautical miles-worth of data collected in open waters by 267 customer vessels – comprising tankers…

19 Feb 2024

Tymor Marine Gets Grant Funding to Refine Draft Survey Tech

(Image: Tymor Marine)

A maritime technology company based in Aberdeen has been awarded funding from Scottish Enterprise to support the development of an app-based version of its breakthrough draft survey technology. Tymor Marine’s DRFT MRKS software uses artificial intelligence with deep learning applied to video capture to provide an accurate measurement of the weight and load of a vessel.The grant funding from Scottish Enterprise will allow Tymor’s team to build on the operational capabilities of the software…

24 Jan 2024

ABB Acquires Weather Routing Business

Image courtesy ABB

ABB entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. The acquisition of the DTN Shipping portfolio covers vessel routing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions as well as completion of applicable works councils’ consultation procedures.

03 Jan 2024

Ocean Cargo Rates Climb After New Red Sea Ship Attacks

© Sergey Novikov / Adobe Stock

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. It has forced ships to reroute around the southern tip of Africa…

12 Dec 2023

NAVTOR Revamps Passage Planning Module

NAVTOR taking Passage Planning to the next level with NavStation. Image courtesy NAVTOR

NAVTOR  announced a breakthrough revamp of its Passage Planning module. Featured in the latest release of NAVTOR’s NavStation planning software (version 6.3), the new module offers expanded automation and auto-calculations, effectively slashing both administration time and the potential for human errors, compliance with the very latest industry standards, enhanced data utilisation, the ability to revise and update plans (rather than creating new ones after voyage deviations/changes)…

04 Dec 2023

Theodossopoulos Names CEO of METIS

METIS Cyberspace Technology has appointed Panos Theodossopoulos as its new Chief Executive Officer,

METIS Cyberspace Technology appointed Panos Theodossopoulos as its new Chief Executive Officer.Theodossopoulos has considerable experience in leadership roles in the ICT and maritime sectors. In recent years, he has specialized in maritime digitalization, co-founding a maritime tech start-up in 2015 and later serving as Chief Digital Officer at OceanKing, a marine technical and commercial group. Previous positions include Director of Public Sector Sales at Microsoft Hellas and General Manager Cloud Divisionat SingularLogic.Eleni Polychronopoulou…

27 Nov 2023

Report: Container Shipping GHG Emissions Drop

Source: VesselBot

Technology company VesselBot has released the December 2023 edition of its report titled "Decoding Maritime Emissions - Highs, Lows, and Green Leaders across global ocean routes."The report’s key findings include:Downward Trend in Emissions: The average emissions per kg/tonne have improved since last year. Between January and July, 2023 emissions have dropped by 12% compared to the same period last year. This is a big reduction compared to 2022 where the emissions were up 17% compared to the same period (Jan-Jul) in 2021.When comparing the emissions by trade lane…

22 Nov 2023

ONE to Trial Wind-Assist Propulsion

Source: ONE

Ocean Network Express (ONE) has launched a wind-assist propulsion trial in partnership with Dutch maritime wind-powered technology company Econowind.The companies are set to install two containerized wind-assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management, Singapore.The VentoFoils, which resemble airplane wings, are designed to harness wind energy, resulting in a significant reduction in fuel consumption and greenhouse gas emissions.

15 Nov 2023

ZEI Raises $8.75 Million in Series A Funding

ZEI is best known as the technology team behind the Sea Change ferry, the world’s first commercial hydrogen fuel cell vessel. (File photo: All American Marine)

San Francisco-based hydrogen technology company Zero Emission Industries (ZEI) announced it has raised $8.75 million through the completion of a Series A financing round led by Chevron New Energies, with participation from commodity trading company Trafigura and shipping and logistics company Crowley.ZEI, formerly known as Golden Gate Zero Emission, is best known as the technology team behind the Sea Change ferry, the world’s first commercial hydrogen fuel cell vessel launched…

14 Nov 2023

Silverstream and Franman Ink Agency Agreement

Left to right: Costis J. Frangoulis, Founder & CEO of Franman, and Noah Silberschmidt, Founder & CEO of Silverstream Technologies (Photo: Silverstream Technologies)

Maritime clean technology company Silverstream Technologies and equipment and technical services provider Franman have signed an agency agreement to support sales of the Silverstream System within Greece.Under the agreement, Franman will act as a representative for Silverstream in the Geek market and reach more potential end users of the technology to explore how it could be incorporated across their fleets.Noah Silberschmidt, founder and CEO of Silverstream Technologies, said…

23 Oct 2023

Silverstream Gains AIP from China Classification Society

Left to right: Noah Silberschmidt, Founder & CEO, Silverstream; Liu Xiao Feng, Director CSS; Stephen Potts, COO, Silverstream; Sun Feng, Chairman & President, CCS. (Photo: Silverstream)

Maritime clean technology company Silverstream Technologies announced it has signed an agreement in principle (AIP) with China Classification Society (CCS), the primary class society in China that serves the shipping, offshore and related industrial industries.This is Silverstream’s first agreement of this nature with a classification society. The AIP confirms that CCS has reviewed and verified the Silverstream System’s design drawings and provides an independent class verification of its generic system design.

12 Oct 2023

Kongsberg Maritime, BMA Technology to Provide Low-voltage Electrical Products to Turkish Shipyards

Credit: Kongsberg Maritime

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.

26 Sep 2023

Ship Insurance Facility Set Up for Ukraine Grain Exports

© glebzter / Adobe Stock

A new marine insurance facility for Ukrainian grain exports using the country's sea corridor has been set up in conjunction with Ukraine's authorities, insurance broker Miller said on Tuesday.Russia quit a U.N.-backed deal in July to enable exports from Ukraine to sail from three approved ports.Since then, Kyiv has launched what it calls a new temporary humanitarian corridor in an effort to break Russia's de facto blockade. Two ships have sailed in the recent days from the Ukrainian…

19 Sep 2023

Maritime Industry Explores Nuclear Power for Ships as Technology Opens Up

For illustration - Sevmorput is a Russian nuclear-powered cargo ship, and, reportedly, the only such vessel in the world - Credit: Wikimedia Commons - CC0

The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 years away, they added.Shipping accounts for nearly 3% of global CO2 emissions and the industry is under pressure from investors and environmentalists to find cleaner fuel solutions, which include ammonia, methanol, and wind. Nuclear energy has been used in the past to power military submarines and icebreakers…

30 Aug 2023

Orca AI to Participate in Second Phase of Autonomous Ship Project

Source: Orca AI

Tel Aviv-based maritime technology company Orca AI is continuing its collaboration with NYK Group subsidiary MTI and partners in the second development stage of the MEGURI2040 project administered by the Nippon Foundation.MTI, alongside sister entity Japan Marine Science Inc, is spearheading the Designing the Future of Fully Autonomous Ships Plus (DFFAS+) consortium comprising 51 Japan-based companies that will work together on the next phase of MEGURI2040.While the OECD projects that maritime trade volumes could triple by 2050, a skilled crew shortage is growing globally.

15 Aug 2023

Amogy Calls for Ammonia Incentives

Source: Amogy

In its recently published white paper, ammonia-to-power technology company Amogy calls for policy makers to provide clear incentives for the uptake of ammonia as a shipping fuel.The paper Ammonia as an Essential Energy Carrier for the Energy Transition states that shipowners currently lack investment support for zero carbon propulsion systems and technologies.In the US, strong progress is being made on clean ammonia production. According to International Energy Agency project data…

09 Aug 2023

Danelec Appoints Senior Vice President for Digital Business

Christian Treu courtesy of Danelec

Danish digitalization company Danelec has appointed Christian Treu as Senior Vice President of the DanelecConnect & IoT Business.Treu will further advance Danelec's mission to deliver essential digital infrastructure that enables more efficient, greener marine operations by optimizing the acquisition and availability of High Quality, High-Frequency (HQHF) vessel and fleet data.Joining from marine technology company ZeroNorth, Treu’s passion for data transparency and its impact…

04 May 2023

ZeroNorth and Vitol Team Up on Emissions Reporting

© Mariusz / Adobe Stock

Technology company ZeroNorth has signed a long-term strategic partnership with energy and commodity company Vitol.The deal will see Vitol gain full access to the ZeroNorth platform, and ZeroNorth customers will in turn gain access to Vitol’s carbon reduction solutions and bunkering services through subsidiary Vitol Bunkers.Vitol will use the ZeroNorth platform to optimise operations in a number of key business areas, including voyage, vessel, bunker and emissions optimisation…

25 Apr 2023

Zelim Taps Sea Machines for Unmanned Search and Rescue Vessel

(Image: Zelim)

Scottish search and rescue (SAR) technology company Zelim has developed the Guardian class of fast rescue craft, controlled by Sea Machines Robotics’ SM300 maritime autonomy, enabling unmanned operation of the vessel employing Zelim’s casualty detection and recovery process. The 8.5m Guardian includes Sea Machines SM300 remote command and control product, making capable of uncrewed operation. The SM300 hardware integrates with the Guardian’s propulsion system and sensors, enabling…

24 Apr 2023

Ultratank Taps Seaber to Optimize Operations

(Photo: Ultratank_

Ultratank announced it has signed a long-term contract with Seaber.io, a Finnish maritime technology company that develops data-led fleet scheduling and optimization solutions, helping the chemical bulk operator to increase efficiency as it aims to reduce CO2 intensity by at least 40% by 2030.Seaber’s product is an AI-assisted planning solution developed to revolutionize the tanker and bulker shipping industry. It is a schedule planning software that help plan, communicate, operate and optimize cargo flows and fleet schedule.

23 Mar 2023

Alfa Laval Acquires Air Lubrication Company MPS

(Photo: Alfa Laval)

Alfa Laval announced it has completed its acquisition of Marine Performance Systems B.V. (MPS), a Rotterdam-based maritime technology company that has developed a fluidic air lubrication system enabling reduced fuel burn and emissions..Having acquired a minority stake in MPS in 2021, Alfa Laval has now taken the final step to fully integrate the company under its own brand. The acquisition will accelerate the advancement and introduction of the patented fluidic air lubrication system…

13 Mar 2023

Offshore Wind Hub Planned at Avondale Global Gateway in Louisiana

© Fokke Baarssen / Adobe Stock

An offshore wind hub is coming to the site of the former Avondale Shipyard in Louisiana as the region ramps up to service the growing renewable energy industry in the U.S. Gulf of Mexico.New Orleans-based Gulf Wind Technology (GWT) announced Monday it is collaborating with energy supermajor Shell to establish a research, training and technology demonstration program at GWT’s facility within the Avondale Global Gateway in Jefferson Parish.The news comes after the Biden administration…

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