Iss News

Yemen's Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American destroyer on Thursday, and they targeted Israel's port and resort city of Eilat with ballistic missiles and drones.The statement by a Houthi representative on social media site X came shortly after the group's leader said it was ramping up attacks on ships in the Red Sea and other waters - including with new "submarine weapons" -to mirror Israel's military operations in the Gaza Strip.Houthi militants have launched repeated drone and missile strikes in the Red Sea…

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…

Port agency and marine services company Inchcape Shipping Services (ISS) announced the appointment of Svend Stenberg Mølholt as Chief Commercial Officer, effective January 9, 2024.Svend has been in the shipping industry for 20 years, most recently serving as the Group COO in Monjasa Holding, a global fuel and shipping company. While serving as the Group COO, Svend also held the position of Chairman of the Board at RelateIT, one of Denmark’s largest NAV/Business Central partners.

Accelleron has signed an agreement with HD Hyundai Marine Solution (HD HMS) that simplifies access to its digital turbocharger optimization solutions for vessels built or serviced by the world’s biggest shipbuilder, HD Korea Shipbuilding & Offshore Engineering.As part of the agreement, Accelleron’s Turbo Insights performance analytics platform will be integrated into HD HMS’s Integrated Smartship System (ISS), with further digital solutions also deliverable through ISS on demand.The…

Inchcape Shipping Services has taken a major share of Leth Suez Transit Ltd AS (LETH). Under the new ownership structure, Otto Jervell, the CEO of LETH, will continue to helm the company as a part-owner.LETH, with its heritage starting in 1924 as a bunker supplier in Egypt, has grown into a globally recognized top transit agent. The company currently handles more than 200 transits per month in the Suez Canal.While the Suez Canal remains at the core of LETH, the company's expertise and solution-oriented approach have expanded to cover other vital transit locations, including the Panama Canal, the Turkish and Danish Straits, and key bunkering locations such as Singapore and Gibraltar.

Saab and GMV are collaborating in ASGARD, an EU-funded project that aims to improve maritime security when using GNSS and OSNMA. The project addresses the growing threat of GNSS spoofing and other cyberattacks on navigation systems used in the maritime industry.The ASGARD project, run by Saab and GMV, is an ambitious European Union (EU) initiative that aims to develop advanced technologies to improve Global Navigation Satellite System (GNSS) and Open Service Navigation Message Authentication (OSNMA) security in maritime environments.

Inchcape Shipping Services has acquired McKay Shipping Limited's share of ISS-McKay Limited, giving it full full ownership ownership of the joint venture that was set up in 2008to conduct core port agency business in New Zealand.ISS-McKay provides full coverage to the North and South Island of New Zealand through its network of eight port offices and 41 local staff, with market shares in cruise, dry bulk, tanker, liner and ship manager markets.As part of the joint venture, Inchcape Shipping Services established itself as the majority shareholder…

Port agency and marine services company Inchcape Shipping Services (ISS) announced it has appointed Harun Duzgoren as the regional chief executive officer for the Americas, effective September 1, 2023.Duzgoren brings to the role 23 years of managerial experience in the global marine services industry. Prior to joining ISS, he served as the chief commercial officer of Subsea Global Solutions. Before that, he spent 16 years at V.Group, where he held various senior international positions.

Frank Olsen has stepped down as CEO of British multinational ports and marine management company Inchcape Shipping Services (ISS) effective November 30, 2022, the company announced on Friday.ISS said it has appointed a new CEO, Philippe Maezelle who joins December 1, 2022. Maezelle is an international business leader with strong executive transformation experience across the professional services industries. His previous experience includes CEO of Alfred H Knight, Executive Member at International SOS and DHL.Olsen…

Italian shipbuilding group Fincantieri announced on Wednesday that it has signed a number of memorandum of understanding (MoU) with a selection of potential new suppliers for the construction of four naval corvettes and the provision of Integrated Logistic Support (ILS) and In Service Support (ISS).The purpose of these MoUs, signed at the Italian Embassy in Athens, is to set the basis for defining possible business relationships for specific supplies, Fincantieri said.The shipbuilding…

Batteries for maritime power have been picking up big momentum, benefiting from the most basic concept within Econ 101: supply and demand.On May 19 Corvus Energy announced it would establish a lithium ion battery manufacturing facility in Port Bellingham, Wash., just north of Seattle. Corvus Energy is a leading supplier of battery energy storage systems (BESS) for marine applications. Its systems already power more than 30 North American vessels, as well as 29 hybrid port cranes and 11 land-based drilling rigs.Geir Bjørkeli…

Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America's first fully-electric towboats.The zero-emissions vessels, which will be constructed for New York-based Zeeboat and available for charter from 2025, will run entirely on battery power, without the use of diesel engines—a first for towboats in North America. Vancouver, B.C.-based Shift Clean Energy will deliver the battery energy storage systems.ISS…

A series of four fully-electric, zero-emissions towboats announced this week are set to become the first built in North America as vessel owners and operators continue to explore new avenues to decarbonize.The new towboats, designed to support cleaner container transport in America's ports and inland waterways, will be built for New York-based Zeeboat and available for charter from 2025. Notably, they'll run entirely on battery power, without the use of diesel engines—a first…

A new agreement will see Hyundai Global Services (HGS) recommend the Tekomar XPERT software for engine performance optimization as an enhancement option for all vessels built by Hyundai Heavy Industries from 2018.ABB Ability Tekomar XPERT uses advanced modeling based on operational data to optimize engine performance. The combination of Tekomar XPERT’s analytic capabilities and input from Hyundai’s own onboard data systems—Integrated Smartship Solution (ISS) and DATS—will enable ship operators to reduce fuel consumption and emissions…

Hyundai Heavy Industries (HHI) has developed a Digital Health Management system (DHM) for safety and operational efficiency of IMO Type-B LNG fuel tanks, and this new industry-first system has achieved Approval in Principal (AIP) of its “Digital Twin READY” Type-B LNG fuel tanks.This AIP was achieved through cooperation with the Liberian Registry (LISCR) as Flag State, and Lloyds Register (LR) as Class Society through JDP. The purpose of this new system is to ensure the structural safety of the Type-B LNG fuel tanks…

Hyundai Global Services (HGS) has signed a contract to deliver its Smart Ship and Satellite Communications package for up to 15 vessels for South Korean shipping company KSS Line.The Smart Ship and Satellite Communications package is a combination of the Integrated Smart Ship (ISS) solution – an IoT platform for ships, developed by HHI Group to support vessel operation and device optimization – supported by Inmarsat’s Fleet Xpress and digital solution Fleet Connect. This achievement is a direct result of a collaboration between HGS…

Inchcape Shipping Services (ISS) CEO Frank Olsen opens up on the challenges of COVID-19, the benefits of a global network, and a fundamental shift in the established ships agency marketplace. Change, he says, is coming.“I haven’t spent this much time in Norway, without international travel, since I was at school,” laughs ISS CEO Frank Olsen over a call on Microsoft Teams.With a career that’s taken in seven years at sea, mostly on RoRos with Wallenius Wilhelmsen, living in Costa Rica (where he briefly captained a dive vessel)…

The world's largest shipbuilding company Hyundai Heavy Industries Co (HHI) has become the first to obtain a Lloyd’s Register (LR) approval for a digital component as it received green light to use the technology for its Integrated Smartship Solution (ISS).According to LR, digital type approval delivers an assurance system to provide confidence in the market for the supply of digital components and offers all the benefits of traditional type approval; reassurance on supply chain quality and robustness within the marine environment. Digital type approval can apply to both components within information technology (IT) and operational technology…

The world's largest privately held cruise company MSC Cruises has today announced a new partnership with renowned German chef Harald Wohlfahrt.Voted one of the Top 10 Chefs in the World, and the only German chef to hold a three Michelin Star rating for 25 years in a row, Chef Wohlfahrt represents the best of Germany’s cuisine and embodies MSC Cruises’ commitment to offering new and exciting food options for its guests. Gianni Onorato, MSC Cruises Chief Executive Officer, commented: “The world-class expertise of Chef Wohlfahrt brings an exciting new chapter to our onboard dining experience. Working with partners who embody excellence and innovation…

German utility EnBW Energie Baden-Württemberg AG  has launched its first green bond on the capital market, with an issue size of €500m ($570.8m), which was oversubscribed within hours, the energy company said in a press release.The bond issue, with a 15-year term to maturity, was oversubscribed within hours. The coupon is 1.875 percent.In contrast to conventional corporate bonds, the proceeds from a green bond must be used exclusively to fund climate-friendly projects. EnBW is among the first German companies to have launched a green bond of this size. Increasing numbers of institutional investors now prefer sustainable investments.“The transformation of our company towards renewable energies and smart infrastructure solutions is a core element of our strategy,” said CFO Thomas Kusterer.

Intellian signed a strategic partnership  with Hyundai Global Service (HGS), a subsidiary of the shipbuilding company Hyundai Heavy Industries (HHI) group, on July 15 at Centum Science Park in Busan, Korea.As the first step of the cooperation, both companies will expand HGS’ innovative ‘Integrated Smart Ship (ISS)’ solution; a digital ecosystem for vessel and fleet management, incorporating a  data analysis platform. This solution supports optimal vessel operation and management and is expected to reduce fuel costs by over 6% per year.

French shipbuilder Naval Group officially opened Alexandria Naval for Maintenance and Industry, its Egyptian subsidiary which will be responsible for the maintenance of Egyptian Navy vessels built and delivered by Naval Group.Alexandria Naval strengthens Naval Group sustainable footprint in Egypt for current and future naval programs.Naval Group’s long term partnership with the Egyptian Navy and the Egyptian industry has reached a new milestone with the opening of a subsidiary dedicated to the in service support of Naval Group’s vessels and future naval programs. This success was enabled thanks to the conclusive contractual discussions…

Jesper Ridder Olsen is appointed new CFO of Maersk Drilling. The appointment follows the announce-ment of A.P. Moller – Maersk’s intention to pursue a demerger of Maersk Drilling via a listing on Nasdaq Copenhagen in 2019.With a long career in KPMG and Ernst & Young, Jesper Ridder Olsen has been involved in a number of capital market transactions, including IPOs, in addition to serving as auditor and advisor for large Danish companies, such as A.P. Moller – Maersk, ISS, Carlsberg and Danske Bank.As member of the Nordic Leadership in Ernst & Young from 2014 to 2016, Jesper Ridder Olsen was responsible for Strategic Growth Markets comprising among others Nordic IPO services.“Jesper brings with him in-depth knowledge of Maersk Drilling and more than 25 years of experience…