Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split
Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and defense company.The group said sustainability and security trends have driven strong growth over the past decade and are expected to continue shaping demand, making focused specialist businesses better positioned for global opportunities.The Norwegian state, which owns 50% of Kongsbergā¦
Intellian Launches two Iridium Certus GMDSS Systems
Satellite communication solution providers Intellian Technologies and Iridium Communications have launched Intellianās new Iridium Certus® GMDSS Systems.The Global Maritime Distress and Safety System (GMDSS) is an internationally mandated safety system established by the IMO. It is estimated that over 80,000 vessels worldwide are required to be GMDSS compliant.Designed to fully leverage the power of Iridium Certus GMDSS, Intellianās C200 and C700M GMDSS systems provide global coverage for vesselsā¦
Vard Delivers Windward Offshoreās First CSOV
Windward Offshore has taken delivery of its first Commissioning Service Operation Vessel (CSOV), Windward Athens, built by Norwegian shipbuilder Vard.The vessel represents a major milestone on Windward Offshoreās growth path and marks the companyās entry into operations with its dedicated CSOV fleet.The Windward Athens is designed to support installation, commissioning, and maintenance activities in offshore wind farms.Measuring 87.5 meters in length with a 19.5-meter beam, she offers accommodation for up to 120 people and is equipped with the latest technology for safeā¦
DEME JV Secures T&I Job at Formosa 4 Offshore Wind Farm in Taiwan
DEME, through its Taiwanese joint venture CDWE with CSBC Corporation, has secured a contract for the Formosa 4 offshore wind farm in Taiwan, covering the transport and installation of 35 foundations and the offshore substation, as well as the scour protection works.DEME will deploy several vessels from its fleet, including the floating offshore installation vessel Green Jade, owned and operated by CDWE and the first of its kind designed and built in Taiwan.A rock placement vessel will be deployed for the scour protection works.
Empire Energy Finds Offshore Wind Logistics Partner
Offshore wind services firm Empire Energy and logistics giant Kuehne+Nagel have entered into a partnership to provide integrated solutions for offshore wind developers and OEMs, combining project delivery with global logistics capabilities.The companies said the collaboration will reduce complexity and risk while increasing efficiency across the offshore wind lifecycle, from turbine assembly, commissioning and operations to heavy lift transport, port staging and international freight forwarding.āThis partnership with Kuehne+Nagel is about more than logistics and deliveryā¦
Intermoor, Jumbo Offshore form Alliance for O&G, Floating Wind Sectors
Intermoor, Acteonās Moorings and Anchors business line, and Jumbo Offshore, an offshore transportation and installation specialist, have entered into strategic alliance aimed at jointly delivering fully integrated project management, engineering, transport and installation services to the offshore oil and gas as well as floating wind sectors.This partnership brings together Intermoorās expertise in mooring systems and offshore engineering with Jumbo Offshoreās capabilities in heavy-lift transport and mooring installation.Under the allianceā¦
Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy
President José Raúl Mulino met with more than 40 representatives of shipping companies from Japanās Kanto region, where he presented Panamaās new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes.Mulino emphasized that Panamaās registry is positioning itself as the flag of the future, driven by new policies aligned with international benchmarks for safety, efficiency, and environmental protection.The stakes are high for Japan: 7 out of 10 Japanese shipowners already fly the Panamanian flagā¦
Woodside Finds South Korean Partners to Advance LNG Value Chain
Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics.The MoU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.The combination of Woodsideās success in LNG development, Hyundai Engineeringās extensive engineeringā¦
Yinson Production, āKā LINE Target Europe's CCS with FSIU and LCO2 Solutions
Yinson Production and āK" Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ("K" LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2.Under the memorandum of understanding (MoU), Yinson Production and KLES will jointly develop and market a floating storage and injection unit (FSIU) and a liquefied CO2 carrier.The collaboration will target carbon capture and storage (CCS) projects being developed mainly in Europe.For CCS projects worldwideā¦
Fincantieri Presents Underwater Segment, Revenue Expected to Reach 920 Million in 2027
During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%. Forecast results for 2025 and 2026 confirm the strength of this trendā¦
Kongsberg to Work on Six Hybrid CMM's PSVs Bound for Petrobras Ops
Kongsberg Maritime has signed a contract with Compagnie Maritime Monegasque (CMM) to deliver advanced ship design and technology for six hybrid platform supply vessels (PSVs), with oil spill recovery capacity, which will support Petrobrasā offshore operations.CMM was ranked first in Petrobrasā tender for six state-of-the-art, hybrid large multipurpose 5,000 DWT PSVs with oil spill recovery capacity, positing the company to secure a firm 12-year charter contracts with Petrobrasā¦
JA Moody Announces Partnership with New Heritage Capital
JA Moody, a maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy and Commercial Marine industry, today announced a strategic partnership and investment from New Heritage Capital ("Heritage"), a Boston-based private equity firm specializing in founder-owned businesses.The investment was structured using Heritage's Private IPO solution, which preserves operational control for JA Moody's management while providing capital for accelerated growth.
Adonis by Ripple Operations Joins Forces with Certus Online
Adonis, a specialist in global HR, payroll and crew management software under the Ripple Operations brand, has formed a strategic marketing alliance with Certus Online, a provider of maritime booking and operational solutions. This partnership aims to enhance their collective service offerings for the maritime industry.This collaboration represents a pivotal move toward delivering seamless, integrated solutions for maritime operators. By combining Certus Onlineās advanced Booking Platformā¦
Brittany Ferries Taps Wärtsilä and Incat to Develop Zero-emissions Ferry
Brittany Ferries announced it is working with Wärtsilä and Incat to explore design and technical requirements for a 137-meter zero-emissions ferry.āThis is an important project as we look at different ways to reach net zero by 2050,ā said Christophe Mathieu, CEO of Brittany Ferries. āAll-electric power is a potential solution, best suited to shorter ferry routes. At this stage we donāt know what is feasible, and upon which route, but what we can say is that trusted partners will help us scope it out. Upon completion of the project we can move quickly.
Leadership Profile: Tor Svanes and NAVTOR's Quest to Transform Shipping
Compliance, performance, profitability, sustainability; take the biggest āpain pointsā for almost any shipping company and watch NAVTORās digital ecosystem work wonders. Here Tor Svanes, Founder and CEO, explains how NAVTOR has grown to lead the smart shipping world, why the recent merger with Voyager Worldwide was so critical, and how he hopes to help steer the industry towards brighter, simpler, and more intelligent horizons.āThe morning of the announcement I got a text from the boss of one of our biggest competitorsā¦
Offshore Wind: Newly Formed Consortium Orders Two CSOVs from VARD
The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to "establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry."Winward Offshore is a consortium currently under establishment and is led by SeaRenergy Group in collaboration with Blue Star Group, Diana Shipping Inc., and SeraVerse GmbH."Windward Offshore will play a key role in the energy transition by providing integrated offshore wind service solutions.
Maersk Supply Service to Narrow Business Focus
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets, increase synergies in its operations and improve profitability.The offshore vessel markets continue to improve, and the energy transition continues to accelerate. Therefore, Maersk Supply Service will focus on building scale in these two business areas where the company can benefit from a young and energy efficient fleetā¦
First Methanol-to-fuel-cell Power Chain Demonstrated
As part of the validation of Maritime Partners, LLCās M/V Hydrogen One inland pushboat, hydrogen fuel cell supplier PowerCell Group and methanol-to-hydrogen technology pioneer e1 Marine in partnership with RIX Industries have conducted a successful string test of their respective technologies for a 200kW propulsion chain. This chain can be multiplied and scaled to a megawatt level.The result of the test proves the viability of a unique concept that takes methanol fuel and converts it to hydrogen onboard ships before using the hydrogen in a fuel cell to generate power cleanly and efficiently.
Svanehøj Acquires Complete Cryogenic Services to Tap into Growing LNG Tanker Services Market
Denmark-based marine pump specialist Svanehøj has taken over California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps on LNG tankers."The number of LNG tankers globally has grown by around 40% in the last five years, and 2022 was a record year with more than 200 new contracts signed. With this, an attractive service and aftersales market emerges, in which Svanehøj is determined to gain market share," the company said,Therefore, Svanehøj decided to acquire Complete Cryogenic Services (CCS) in Tustinā¦
ABS Launches Maritime Software Firm ABS Wavesight
As digitalization in the maritime sector gains speed, the American Bureau of Shipping (ABS) has launched a new maritime software as a service (SaaS) company called ABS Wavesight, to effectively consolidate all digital products under one roof, offering ship owners a one-stop-shop for itās A-to-Z digital solutions.In an interview with Maritime Reporter's Greg Trauthwein, Paul Sells, the CEO and the president of the newly formed ABS Wavesight provided the rationale behind the ABS decision to launch the new company.He said: "...ABS has been for over 160 yearsā¦
Høglund to Deliver Automation Systems for Seaspan LNG Bunkering Vessels
Høglund Marine Solutions announced it will deliver integrated automation systems (IAS) for three newbuild liquefied natural gas (LNG) bunkering vessels being constructed at at CIMC SOE shipyard for Canadian owner Seaspan ULC.The IAS will seamlessly connect the cargo handling, control and electrical propulsion systems on each of the 7600m3 ships slated to operate along the west coast of North America.A central, and standard feature of all Høglund automation systems, is Høglund Playback.
Kongsberg Maritime to Deliver Tech & Equipment for Cadeler's Second WTFIV
Norwegian maritime technology and equipment specialist Kongsberg Maritime AS will provide technology and engineering for a second F-class wind turbine and foundation installation vessel (WTFIV) recently ordered by the Danish offshore wind installation firm Cadeler.This is the fourth Cadeler offshore installation vessel for which Kongsberg Maritime AS will supply its technology. When completed, the new F-class vessel is expected to be one of the worldās largest offshore wind installationā¦
Kongsberg Maritime to Deliver Hybrid Propulsion Tech for Grimaldi Group Ro-Ro Vessels
Norwegian maritime technology and equipment provider Kongsberg Maritime has secured an order from Grimaldi Group to supply engineering and technology for two new Roll-on/Roll-off(Ro-Ro) vessels. The vessels, which will be built at China Merchant Jinling Shipyard, are scheduled for delivery in 2025.Kongsberg Maritime will supply marine automation system and Auto Chief 600 propulsion control systems, hybrid systems, converters, battery energy storage of 5MWh, battery management system, maneuvering, and propulsion systems.