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Amogy Increases Series B Round to $150 Million
Brooklyn, N.Y. based startup Amogy on Monday announced it has raised more funds to help it commercialize and begin manufacturing its emissions-free ammonia-to-power technology for marine and industrial applications. The company aims to bring its first product to market in 2024.Amogy said its Series B-2 fundraising was joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine, raising $11 million.
Data-Driven Voyage Optimization: The Demise of the Data Silo
We’ve had the means for a while, now we have the incentive to crush the data siloes that are holding back voyage optimization.Like kids in the sandpit, owners and charterers are being forced to share, perhaps more than they really want to. The IMO and the EU, for starters, are setting data-driven decarbonization rules, and those in the sandpit are having to respond.Ship managers and data analysis specialists…
Shadow Tanker Fleet Poses New Safety Challenges
Ongoing and new threats posed by the ripple effects of the Ukraine conflict will create challenges to the shipping sector over the next 12 months and beyond, according to insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2023.Every year AGCS analyzes reported shipping losses and casualties involving vessels over 100 gross tons. During 2022, 38 total losses were reported globally, compared with 59 a year earlier.
Damen Introduces Innovative ASD Tug 2111
Damen Shipyards Group has unveiled the latest vessel in its Compact Tugs product platform called the ASD Tug 2111.Siebe Cieraad, Damen Product Portfolio manager says: "As sea-going ships continue to increase in size, new challenges are arising in ports. Tugs are required to operate – safely – with less space, at the same time needing increased power to perform. This 21-metre harbour tug with 50 ton bollard pull is therefore a very exciting addition to our portfolio.”According to Damen Shipyards…
Retaining Gen Z in the Marine Industry
While people in all generations measured themselves against eternal factors—fellow employees, family, their industry, etc.—Generation Z is fixated on measuring themselves against the world as seen through social media. Coaching them will help them begin to turn inward and measure success against their own goals. One of the keys to retaining your Gen Z workers will be in positively coaching them.Coaching should provide positive feedback about employee contributions.
Methanol Institute Publishes Guide to Methanol as a Marine Fuel
The Methanol Institute (MI) has published the first comprehensive guide to methanol as a marine fuel.“Marine Methanol Future-Proof Shipping Fuel” includes sections that address regulatory drivers, environmental performance, engines and fuel systems, bunkering, handling and safety characteristics, costs and pricing, availability and feedstocks for conventional and renewable product. Also included are case studies on first movers including AP Moller-Maersk…
Canadian Coast Guard Plans to Order Up to 61 Small Vessels
The Canadian Coast Guard has revealed big plans to invest in its fleet of small vessels.Joyce Murray, Minister of Fisheries and Oceans and the Canadian Coast Guard, on Thursday announced $2.5 billion CAD (roughly $1.8 billion USD) for the construction of up to 61 new small vessels and the ongoing replacement of small craft, barges and workboats within the Canadian Coast guard fleet.“This is a critical investment that will help modernize the Canadian Coast Guard’s small vessel fleet…
bound4blue Appoints Boletis External Advisor
bound4blue announced the appointment of Elias Boletis as an external advisor to the company.Boletis has a Doctorate in Applied Sciences from the University of Brussels and holds a MSc in Mechanical and Electrical Engineering from the Technical University of Athens (Greece) and a MSc in Turbomachinery and Fluid Dynamics from the Von Karman Institute (Brussels, Belgium). He has also been recognized with…
Shell Cuts Oil Imports at Singapore Refinery Amid Mooring Repairs
Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.The company is moving crude from Very Large Crude Carriers (VLCC) onto smaller Aframax tankers through ship-to-ship transfers before discharging them at another jetty on Pulau Bukom…
Noise Mitigation: Bubble Curtain to Be Deployed During Construction of U.S. Largest Offshore Wind Project
U.S. offshore wind farm developer Vineyard Wind will deploy and test a secondary bubble curtain noise mitigation system during foundation installation at the Vineyard Wind offshore wind farm, the first commercial-scale wind farm installation project in the U.S.For this, the company is investing in ThayerMahan, a firm that specializes in seabed surveys, acoustic mitigation and monitoring, and other maritime-related services, with facilities in Connecticut and Massachusetts.
REM Purus' New CSOV Named in Aalesund, Norway
Commissioning Service Operation Vessel (CSOV) REM Power was named at a ceremony in Aalesund, Norway on Friday.The Rem Power, owned by Rem Purus, designed to offer services and maintenance operations at offshore wind farms, was named in the center of Ålesund in front of shipbuilder VARD’s headquarters.This is the first of two CSOVs VARD is delivering to Rem Purus.The REM Power is a CSOV of the VARD 4 19 design, developed by Vard Design.
Crane Company Tests Liquid Hydrogen Valve
Crane Company has successfully tested a new cryogenic valve designed and built for liquid hydrogen applications.This is the first valve launched from Crane’s CRYOFLO™ line of bellow seal vacuum jacketed globe valves, designed and tested by Crane, with final validation, review, and testing conducted by Chart Industries.Liquid hydrogen is over 100 degrees Fahrenheit colder than liquid nitrogen, and significantly colder than the temperature limit of most cryogenic valves.
Caudwell Marine Unveils 300hp Diesel Outboard
U.K. based Caudwell Marine has announced that its new diesel 300hp outboard will be delivered in early 2024.The Caudwell Marine diesel outboard is primarily aimed at the commercial and military markets which require their high-performance outboards to work, day-in and day-out, in all conditions. However, the team also expect to see opportunities in the recreational market, where fuel economy, performance and reliability are also a requirement.The outboard features a marine proven…
Welin Lambie to Supply Davits for US Navy's Ford Class Carriers
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded a purchase order by Newport News Shipbuilding to supply four davits through Welin Lambie for the Ford Class aircraft carriers CVN 80 and CVN 81 (two davits per vessel). The award follows the supply of davits for CVN 78, which just entered service, and CVN 79, which is currently under construction.
DSC Dredge Names Louviere VP of Operations
Over the last few months Reserve, La. based dredging equipment manufacturer DSC Dredge has been redefining its team by investing in them, promoting from within and adding fresh perspectives. On April 23, 2023, DSC Dredge introduced Josh J. Louviere as vice president of operations. In his new role, Louviere will lead and oversee all aspects of the company’s operational activities. With over 16 years of experience in manufacturing and industrial equipment automation…
HAV Group Set to Acquire Undheim Systems, Adding DP Capabilities
Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels."The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for decision support tools and autonomous ship operations," HAV Group said.“HAV Group already provides digital decision support systems to vessels in order to cut operating expenditure and emissions to air.
Scania Expands IMO Tier III Engine Range
Engine manufacturer Scania announced it has added seven new IMO Tier III compliant marine engines to its existing portfolio as it strives to slash emissions and support more sustainable marine operations.The new DI13 solutions of 257 kW, 280 kW, 284 kW, 331 kW, 368 kW, 405 kW and 441 kW at the rated speed of 2,100 rpm widen the range of propulsion engines, in a commitment to further reduce NOx emissions.
Concordia Maritime Sells 13-year-old Product Tanker
Concordia Maritime announced Wednesday it has entered into an agreement to sell its 13-year-old product tanker Stena Penguin to an unnamed European buyer.The 65,200 dwt Stena Penguin is scheduled to be delivered to its new owner during the second quarter of 2023.Overall, the sale is expected to have a positive liquidity effect of approximately SEK 215 million (about $20.9 million) after repayment of the remaining bank debt to Svenska Skeppshypotek…
Kongsberg Digital's 'Vessel Insight' Receives Double Certification from ABS
Kongsberg Digital's cloud infrastructure Vessel Insight has received the American Bureau of Shipping (ABS) Product Design Assessment Certificate for SMART (INF) for data infrastructure in accordance with the ABS Smart Functions Guide, in addition to ABS CyberSafety PDA certification. This is the first time ABS has awarded this combination of endorsements to a single product.According to Kongsberg Digital…
Shell Aims to Harness the Power of the Lower Mississippi
ORPC, an marine renewable energy developer whose power systems harness the energy of free-flowing rivers and tides, has signed a contract with Shell Technology – Marine Renewable Program to initiate a Modular RivGen Power System demonstration project in the Lower Mississippi River.The collaborative project represents an opportunity to showcase how the next generation of ORPC’s hydrokinetic technology can provide predictable baseload electricity to help decarbonize onshore assets.