Ballard Announces 6.4 MW Fuel Cell Order to Power Samskip Vessels
Ballard Power Systems announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH, a expert in emission free power, for deployment on two vessels by Samskip, one of the largest multimodal European operators specializing in short sea, rail, road and barge services.The 32 FCwave-200 kW engines will be integrated into green marine propulsion systems…
Ocean Group Changes Shareholding Structure to Accelerate Growth
Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development. The transition is being carried out with the continued involvement of Mr. Gordon Bain, the company's founder, and through a management buyout process led by Mr.J acques Tanguay, the company's President and Chief Executive Officer. This change will allow…
ABS Wavesight Platform Selected For Digitalized FuelEU, EU ETS Compliance
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data in preparation for EU submission deadlines.
IMF Warns Tariffs Won't Solve Global Account Imbalances
Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer.In its annual External Sector Report, which assesses imbalances in the 30 largest economies, the IMF noted that external surpluses or deficits were not necessarily a problem…
Lockheed Martin Q2 Profit Plunges After $1.6b Pretax Loss
Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.
Port of Barcelona Enhances Security and Efficiency With Genetec Technology
Genetec Inc., a leader in enterprise physical security software, announced that the Port of Barcelona has successfully implemented Genetec Security Center, improving the port’s safety, efficiency, and operational capabilities.As one of the Mediterranean’s major logistics hubs, the Port of Barcelona has experienced continuous growth in recent years, leading to new operational and security challenges.
WFW Advises MPCC on $260m Fleet Optimization
Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4…
Dual-Fuel LR2 Tankers to Sport Wind Propulsion, too
BAR Technologies confirmed an order for its WindWings propulsion system to be installed on a pair of new LR2 dual-fuel tankers, marking one of the first confirmed large-scale wind propulsion deployments on this vessel class, building on the integration of WindWings aboard the UML-operated Brands Hatch.The new 250-m-long tankers, Suzuka and Long Beach, will each be equipped with two 37.5m WindWings.
New BIMCO Clause Addresses USTR Actions
The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports.A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the start of June, prioritizing its development as the USTR…
Sanmar Shipyards Delivers Tug for Greek Owner
SANMAR delivered a new escort tug to Greek operator NEMECA to join its fleet of tugboat proving services in the ports of Piraeus, Thessaloniki, Corfu and Kavala.Named GAIA by its new owners, the tug is based on the exclusive-to-SANMAR RAstar 2900SX design from Canadian naval architects Robert Allan Ltd and is the first tug that SANMAR has built for a Greek client.NEMECA provides harbour towage, open sea towage and salvage services and can also provide vessels for anchor handling…
Bergink Tapped to Head Alfa Laval Marine Division
Alfa Laval announced that Martijn Bergink has been appointed President of the Marine Division, effective September 1, 2025. This is in addition to his current roles as President of Business Unit Pumping Systems in the Marine Division and Managing Director of Framo, an Alfa Laval-owned company. Martijn Bergink joined Alfa Laval in 1998 and, since then, he has held multiple senior leadership positions within the company, mostly in the Marine Division.
Wärtsilä’s Advanced Simulators to Enhance Malaysia’s Maritime Training Capacity
A new advanced simulation suite, supplied by technology group Wärtsilä, has been inaugurated at the maritime training institute Akademi Laut Malaysia (ALAM), the training arm of Malaysia International Shipping Corporation (MISC), a subsidiary of Petronas.The integration of Wärtsilä’s latest simulator technology significantly raises the level of maritime education for the region, creating a new generation…
Mobile Pulley Appoints New Director of Engineering
Mobile Pulley, a manufacturer of pumps, dredging equipment, and heavy industrial components, has appointed Stirling Snow as its new Director of Engineering in Mobile, Alabama.Snow brings nearly a decade of hands-on experience in design and engineering, and will help drive innovation in Mobile Pulley’s core capabilities - casting, machining, fabrication, and dredge pump systems.In his new role, Snow…
Cocaine Hidden in Marine Engines from U.S.
The Australian Federal Policy (AFP) has charged two men for allegedly trying to take possession of 140kg of cocaine hidden inside two marine engines. Investigations began in October, 2024, when Australian Border Force (ABF) officers in Brisbane detected a large quantity of plastic-wrapped blocks inside two wooden-crated marine engines. The engines, each weighing about 4.5 tonnes, arrived from the United States.AFP officers removed the cocaine…
Japanese Shipowners to Donate Training Vessel to JMETS
Japanese ocean-going shipping companies, NYK Line, MOL and "K" LINE, along with the Japanese Shipowners' Association (JSA), have begun discussions regarding the donation of a large-sized training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS).The move is recognition of the importance of training and securing highly skilled Japanese seafarers to maintain and further develop maritime transport.As identified in the report by the Ministry of Land…
Small Shipyard Grant Recipients Announced
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities. Duffy…
Grimaldi Names First Ammonia-Ready Car Carrier
Grimaldi Group has held a naming ceremony in Jiangsu, China, for the Grande Shanghai, the first of 10 pure car and truck carriers (PCTC) commissioned by the company from China Merchants Heavy Industries.The first five vessels will be capable of transporting 9,000 CEU (Car Equivalent Units), while the remaining five will offer an increased capacity of 9,800 CEU.The Grande Shanghai reduces fuel consumption…
Furuno Releases Advanced Charting Platform
Furuno has introduced TZ MAPS on its NavNet TZtouchXL system, delivering what it calls the most advanced and customizable charting platform ever developed for recreational and professional mariners.TZ MAPS unlocks new features on TZtouchXL multi-function displays, including AI Routing, AI Avoidance Route™ and BathyVision™.TZ MAPS is built from official hydrographic data, high-resolution bathymetry, satellite imagery and crowd-sourced surveys.
UK Targets Russian Shadow Fleet With New Sanctions
Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.The oil tankers are critical to Russia's energy and oil sectors, with the British government saying they form part of the fleet responsible for carrying $24 billion worth of cargo since the start of 2024.
US Lawmakers Tech CEOs to Address Security Concerns About Subsea Cables
Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook parent Meta, Amazon.com and Microsoft if they have adopted adequate safeguards to address growing national security concerns on submarine communications cables.Washington has been raising alarm about the network of more than 400 subsea cables that handle 99% of international internet traffic and about threats from China and Russia.The letter raised concerns that entities affiliated with China "such as SBSS…