Technology Race News

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

The Norwegian shipping industry is teaming up and has taken a leading role in developing battery-powered ships. The first four hybrid vessels will start to sail in 2013/14. In 2015, they will be followed by the world largest fully electric ferry, which will regularly cross Norway’s largest fjord. Some 120 managers representing the entire maritime cluster were gathered at a DNV seminar last week. “15 years ago, the Norwegian cluster was looking into opportunities for gas-fuelled ships. Today, Norway is the front-runner when it comes to LNG-fuelled ships.