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Startup News

25 Mar 2024

Fuel Savings of Autonomous Navigation System Verified

Source: Avikus

Avikus, HD Hyundai's autonomous navigation in-house startup, has verified that its autonomous navigation system is capable of reducing fuel use by as much as 15%, which is expected to reduce carbon emissions by 10%.The fuel savings were quantified on a 325,000-ton very large ore carrier (VLOC) operating several times on a 5,800-mile route from Singapore to Brazil using Avikus’ autonomous HiNAS Control system.The verification of this performance was conducted through procedures that were jointly developed by HD Korea Shipbuilding & Offshore Engineering and Avikus…

17 Mar 2024

Venture Global LNG to Buy Fleet of LNG Vessels

© Andriy Sharpilo / Adobe Stock

Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes.Venture Global LNG has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.The nine vessels in Venture Global's future fleet will be built in South Korea with the first to be delivered later this year…

14 Mar 2024

HaiSea Unveils New Operations Facility for Its Green Tug Fleet

(Photo: HaiSea Marine)

HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan ULC, is celebrating the official naming and blessing of its new floating operations facility – which will be the home base for its fleet of three full-electric and two liquefied natural gas (LNG)-fueled tugboats.The new facility, named Zewén, is a floating operations and maintenance building purpose-built and designed to withstand the extreme tidal range in the Kitimat region. It features a large workshop…

03 Feb 2024

Americas Cup Innovation & a Carbon-Free Shipping Future

Image © AYRO  UNI PROD

The Golden Gate Yacht Club (GGYC) represented by BMW Oracle Racing and the Société Nautique de Genève (SNG), the Americas Cup defending champion, represented by Team Alinghi were entwined in a 2.5-year legal battle over multiple court cases, including hearings in the New York Supreme Court and the Appellate Division of the New York Supreme Court, prior to the 33rd edition of the race, due to take place in 2010.The parties disagreed about the location, format, and restrictions on boat design, all of which were changed by the courts prior to the race.

29 Jan 2024

Designing Ships Around Emissions: The Right Path or a Fork in the Road?

© xtock / Adobe Stock

When discussing ship design, the maritime industry has been tossing around a number of new terms and definitions. Sustainability, alternative fuel “ready”, digitization and lifecycle are a few of the terms becoming more commonplace amid the industry’s search for zero emissions solutions. As IMO MEPC 80 meetings push emissions reduction to meet “well to wake” requirements, we will learn much of the challenge is tied to energy and infrastructure ashore. Electrification and the development…

14 Dec 2023

Progress Reported in Ammonia Tugboat Retrofit Project

Amogy is retrofitting its ammonia-to-power system on board a 1957-built tug at Feeney Shipyard in Kingston, N.Y. (Photo: Amogy)

A first-of-its-kind project to convert a 1950s tugboat to run on ammonia-to-power technology is moving forward, with several key milestones recently achieved, involved technology partners report.The Amogy-led retrofit project involves a comprehensive overhaul of the tugboat's original diesel generators and electric motors, integrating the Brooklyn startup's 1-megawatt ammonia-to-power system.Once installed, Amogy’s onboard solution will feed liquid ammonia through its cracking modules integrated into a hybrid fuel cell system that will provide zero-carbon power to the vessel’s electric motors.

01 Nov 2023

Maritime Safety Finds a Future in the Cloud

Image courtesy Orca AI

Orca AI, headquartered in Israel and founded in 2018, has a simple yet complex premise: develop and deliver an intelligent safety platform for the maritime industry to prevent collisions. To date it has attracted attention and business globally, working with SeaSpan, NYK, MSC, Shell Shipping and Marubeni amongst others. Maritime Reporter TV recently caught up Orca AI CEO and co-founder Yarden Gross for insights on the reality today, and the promising potential for AI in the maritime sector.Yarden…

21 Aug 2023

CCS Grants AiP for Liquid Hydrogen Fuel Supply System

Source: CCS

China Classification Society (CCS) has issued a first Approval in Principle (AiP) certificate for the marine liquid hydrogen fuel supply system developed by Weishi Energy Technology Hebei.The system design includes a marine liquid hydrogen tank and cold box, supercooled hydrogen storage technology, heat exchange technology, regulated hydrogen supply technology and subcooled hydrogenation technology. Dual-boost functionality ensures rapid system startup, says CCS, and the system…

09 Aug 2023

Udo Lange Named CEO of Stolt-Nielsen Limited

Udo who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023. Image courtesy Stolt-Nielsen

Stolt-Nielsen said that, after 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO on September 1, 2023, and will assume the role of Chairman of the Board of Stolt-Nielsen Limited. He will be succeeded as CEO by Udo Lange.Lange, who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023, has more than 20 years of experience in the international trade industry, with expertise in freight forwarding, express and parcel logistics and airline catering.

01 Aug 2023

BP to Defend its Rights in Venture Global LNG Dispute

© Igor Groshev / Adobe Stock

BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG over failing to supply contracted cargoes, Chief Executive Officer Bernard Looney said on Tuesday.Oil companies Shell SHEL.L and have separately filed for arbitration against Venture Global LNG over failing to supply contracted cargoes, even as it sold to non-contract customers while prices were soaring."You can expect us to defend our legal rights to the absolute fullest…

20 Jul 2023

Autonomous Water Taxis Planned for Busan

Source: Avikus

Avikus, HD Hyundai's autonomous navigation in-house startup, has signed a Memorandum of Understanding (MOU) with Busan City, South Korea, and Korea Marine Consulting and Project Management Company (KMCP Co., Ltd.) for the development of an eco-friendly autonomous maritime tourism taxi service.Avikus will supply specialized self-navigating solutions for water taxis, while KMCP will provide an eco-friendly maritime taxi platform and assume the role of operating the water taxi service.

12 Jul 2023

Shell, BP Pursue Arbitration Claims Against Venture Global LNG

© Björn Wylezich / Adobe Stock

Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.A Venture Global LNG spokesperson did not comment on the Shell and BP claims. Last month, the company said it was in full compliance with terms of its long-term contracts and cited a need for extensive commissioning of its modular…

05 Jun 2023

Amogy Increases Series B Round to $150 Million

(Photo: Amogy)

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. This concludes…

02 Jun 2023

Armach’s Robot Hull Cleaning Service Takes Next Steps Toward Commercialization

Image courtesy Armach Robotics

Maritime Reporter & Engineering News recently caught up with Karl Lander, Director of Regulatory Compliance and Outreach at maritime tech startup Armach Robotics, to hear the latest progress on its unique, small platform, intelligence-driven hull cleaning solution.Companies like Plymouth, MA, headquartered Armach Robotics (Armach) are justifiably convinced that cleaning hulls is set for wider adoption in the coming years, as the principle of coating hulls with substances designed to be noxious to marine life becomes increasingly problematic.

18 Oct 2023

'Hydrogen Hubs' to the Fore

Image courtesy ABS

The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico.The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of announcements on maritime decarbonization. Among these was a joint statement from the Blue Sky Maritime Coalition (BSMC) – a consortium of North American shipowners and…

04 Apr 2023

Ammonia-powered Tug Conversion Underway

Amogy is retrofitting its ammonia-to-power system on board a 1957-built tug at Feeney Shipyard in Kingston, N.Y. (Photo: Amogy)

A first-of-its-kind ammonia-powered, zero-emission tugboat will be put to the test by Brooklyn, N.Y-based startup Amogy in late 2023.Having already successfully demonstrated its technology on an aerial drone, tractor and semi-truck, the ammonia power solutions company revealed in early March that it is retrofitting a scaled up 1-megawatt (MW) version of its ammonia-to-power system onto a tug at Feeney Shipyard in Kingston, N.Y. as a test run for its emissions-slashing power and propulsion technology in the commercial maritime sector.Once installed…

22 Mar 2023

Ammonia Startup Amogy Raises $139 Million

(Image: Amogy)

Brooklyn, N.Y. startup Amogy on Wednesday announced it has raised $139 million to begin manufacturing its ammonia-to-power technology and bring its first product to market in 2024.The Series B-1 fundraising round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. “We are working from a place where we have no doubt that our technology will change the world,” said Seonghoon Woo, CEO of Amogy.

18 Oct 2023

Insights: Robert Schluter, e1 Marine

Robert Schluter, managing director, e1 Marine (Image: e1 Marine)

Robert Schluter served as an officer as part of the marine engineering team on board the U.S. Navy guided missile destroyer USS Mahan DDG-42 out of Charleston before transitioning to the business world and “general, corporate type work”. Today he serves as managing director at the third startup he’s helped build, e1 Marine.The company, a joint venture between Louisiana-based marine equipment lessor Maritime Partners, Irish tanker owner Ardmore Shipping and Schluter’s second startup…

24 Feb 2023

Take a Hyke: Swarm Tech for Ferries

Image courtesy Hyke Ferry

Apps, big data, tech, software and cutting-edge innovation were hallmarks at last year’s Sea Tech conference in Brest, France. During one session, for example, on electronic charting, the speakers made reference to “data as fuel.” For vessel operations, data was called a resource just like diesel or LNG or lithium batteries. The reference was usually to big data, i.e., almost boundless information flowing like a gusher from a firehose, the new force driving applications to set routing…

24 Feb 2023

Malaysian FPSO Giant Yinson Invests in Norwegian Autonomous Vessel Start-up

©Yinson/Zeabuz (cropped)

Yinson GreenTech (YTG), a green tech investment branch of the Malaysian FPSO giant Yinson, has announced its strategic investment in a Norwegian startup specializing in autonomous solutions for the maritime industry called Zeabuz."The investment provides the foundation for YGT to work closely with Zeabuz in the development of autonomous solutions for YGT’s future fleet of electric vesselsm," Yinson said, without sharing info on the size of the investment.Eirik Barclay, Chief Executive Officer of YGT…

31 Jan 2023

Take a Hyke: Swarm Tech for Ferries

A rendering of the Hyke ferry, Arendal, Norway. Courtesy Hyke Ferry

Apps, big data, tech, software and cutting-edge innovation were hallmarks at last year’s Sea Tech conference in Brest, France. During one session, for example, on electronic charting, the speakers made reference to “data as fuel.” For vessel operations, data was called a resource just like diesel or LNG or lithium batteries. The reference was usually to big data, i.e., almost boundless information flowing like a gusher from a firehose, the new force driving applications to set routing…

13 Jan 2023

Guyana's Oil Exports Double, with Europe Taking Half of Cargoes

(File photo: Hess Corp)

Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies.Since a consortium led by Exxon Mobil began pumping in late 2019, Guyana's shipments have soared, bringing the South American nation's oil export income to $1.1 billion last year, according to official figures provided to Reuters.The government's $1.1 billion share of oil revenue was up sharply from a combined $409 million in profit and royalties in 2021.

04 Jan 2023

US Poised to Regain Crown as World's Top LNG Exporter

© moofushi / Adobe Stock

The United States is on track to become the world's biggest exporter of liquefied natural gas (LNG) this year - ahead of current market leader Australia - once a fire-idled Texas plant is restarted, according to Reuters data.A June fire sidelined Freeport LNG, the second biggest U.S. export facility, and cut U.S. exports of the fuel by about 2 billion cubic feet per day (bcfd). That outage dropped the United States behind top exporter Australia as global demand for the fuel boomed.In 2022, U.S. exports of natural gas as LNG rose 8% to 10.6 bcfd, just shy of Australia's 10.7 bcfd.