Marine Market News

Brazil-based WEG Coatings and Canadian-based GIT Coatings have entered an agreement to strengthen each other’s marine coating product offerings across international markets.The partnership aims to accelerate market adoption of green solutions in the marine market such as GIT’s graphene-based coatings. Both companies will leverage each other’s strengths and expertise to enhance product offerings and provide tailored solutions to their customers. GIT Coatings CEO, Mo AlGermozi, said…

Somerset, N.J. based Mack Boring & Parts Co. has promoted Christopher Ponnwitz to the role of Chief Commercial Officer of Mack Sustainable Energy, a new division for the company.“I am very happy to announce that Chris has moved into this new role, where he will be leading our efforts to further expand and grow the electric marine market, particularly with the ePropulsion product line,” said Patrick McGovern, President and CEO of Mack Boring. “Chris has been an exemplary leader for our company, and he’s a fast learner who has been working relentlessly to promote electric propulsion.

The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in Houston for his insights on market drivers and technical trends in this dynamic market.Matt, big picture, how do you see the Floating Production market developing in the coming years?At a macro level, I think we're going to be supply limited over the next five years.

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGD’s X‑DF‑A ammonia-fueled engines.The AFSS design is the first result of a wide-ranging partnership announced last year that will develop solutions for ammonia engines and fuel systems that can be applied across a range of vessel designs.The project will now proceed to the detailed design phase…

As maritime faces transcendent changes in terms of decarbonization and automation, Juha Kytölä, Director of R&D and Engineering, Wärtsilä, discusses how this Finnish maritime technology powerhouse is investing in the technologies and facilities that will drive the maritime industry for the coming generation, including insights on its unique arrangement for a future fuel engine testbed onboard Wasaline’s MS Aurora Botnia.To start off, can you give a scope of the Wärtsilä R&D investment?We invest heavily in research and development, about 4.1% of our annual turnover.

W&O Supply will add BROEN Clorius Controls' low-leakage valves to its portfolio of marine valves, actuated valves, pipes and engineered solutions.Engineered to helping vessel owners and operators in the international maritime industry to reduce their carbon emissions, the new product is an ultra-low leak three-way valve especially designed for HT-systems on 2-stroke main engines. It increases system efficiency, helping save fuel and reduce CO2 emissions.Compared to most valves…

Pat Stoik will join insurer Ascot Group as Executive Vice President, Head of Marine, Ascot U.S., effective October 24. He will be based in New York and will report directly to Matt Kramer, Chief Executive Officer, Ascot U.S.An experienced executive in the marine industry, Stoik brings more than 35 years of senior management, underwriting, and broker experience to Ascot. Most recently, he served as Chief Risk Officer for Overhaul Group, Inc., a global leader in in-transit supply chain risk management…

Classification society Lloyd’s Register (LR) announced it has granted approval in principle (AIP) to South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for its new 45,000cbm liquefied petroleum gas (LPG) carrier design, with availability to be ordered with ammonia dual-fueled propulsion. The dual fuel system equipped on HMD’s LPG carrier allows operators and owners to prioritize their environmental, societal and governance (ESG) strategies for their fleets and align with the IMO’s revised goal of net zero CO2 emissions by 2050.

David Clark Company is best known within the marine market for its wireless and digital headset workboat crew communication systems – the Series 9900 Wireless Marine Headset System and the Series 9100 Digital Marine Headset System. The company has over 20 years of experience designing and manufacturing boat crew communication solutions for a variety of workboats, e.g., patrol boats, fire/rescue craft, and offshore service vessels.But you may not know that David Clark Company started…

MAN Energy Solutions has announced the successful first running of a test engine on ammonia at its Research Centre Copenhagen (RCC). The company reports that the successful combustion was performed on a MAN B&W two-stroke 4T50ME-X type and produced positive results with particularly promising data regarding pilot-oil amount and combustion stability.Gunnar Stiesch, Chief Technical Officer, MAN Energy Solutions, said, “This marks a major milestone on our road to developing a full-scale two-stroke ammonia marine engine.

Hundested Propeller announced it has acquired Ocean Marine Systems Ltd (OMS) and with immediate effect welcomes the U.K. organization as a subsidiary.For over 100 years, Hundested Propeller has been a manufacturer of marine equipment and today it supplies complete controllable pitch propulsion systems, marine gearboxes, thrusters and sail drive solutions. The purchase of OMS will increase its thruster range, and OMS will continue its range of hydraulic cylinders and through-hull instrument deployment systems used in underwater security and seabed mapping applications.The former owners of OMS…

BYD-Naval Architects has secured a contract to develop the design for a new electric 27-meter passenger catamaran for Ottawa Boat Cruises as part of their initiative to continue delivering zero emissions tourism to Canada.Robert Taillefer, president of Ottawa Boat Cruises, said, “Ottawa Boat Cruises is a leader in sustainable technology innovation. They built the first certified 100% electrical boat in the world in 2016. Their second electrical boat was built in 2022 and they are now building two new electrical vessels.

The global marine vessel market is projected to grow from $170.75 billion in 2021 to $188.57 billion in 2028 at a CAGR of 1.43%, according to research from Fortune Business Insights.From transportation vessels to workboats to marine construction ships, companies want to grow their business, stay current with new technologies, gain a competitive edge and be good stewards of our environment.Current marine market trends include adoption of alternative fuels, acquiring new construction vessels, retrofitting existing fleet, and determining ideal solutions for procuring these vessels.

Carnival Corporation's Holland America Line brand announced it has completed a 20-day trial of cleaner-burning biofuel on board its cruise ship Volendam, reporting a decrease in lifecycle emissions compared to marine gas oil.Wrapping up at Port of Rotterdam in the Netherlands, the long-term test was conducted in partnership with GoodFuels, a producer and supplier of sustainable biofuels for the transportation industry, and Wärtsilä, manufacturer of power and propulsion technologies and lifecycle solutions for the marine market.The assessment was completed September 7.

U.S.-based shipping and logistics company Crowley and energy major Chevron are among investors backing maritime hydrogen technology company Zero Emission Industries (ZEI). California-based ZEI on Thursday announced the first close of its Series A funding round led by Chevron New Energies with additional investment from Crowley. The company, which produces marine-specific turn-key fuel cell power and hydrogen storage systems, said the funds will help it to roll out its next generation…

With the launch of a completely new pump design for liquefied natural gas (LNG), Svanehøj claims to be the first supplier on the marine market to offer both deepwell pumps and submerged pumps for electric fuel systems.The demand for LNG is increasing, and LNG-powered ships are being ordered like never before. Svanehøj is now building on the growth of recent years within liquefied gas solutions with an investment in a new electric submerged pump design for LNG-powered ships. The…

Steerprop, a designer and manufacturer of propulsion systems, is building its North America presence with the appointment of Hank Morgan as President, and Samuli Järvinen as Chief Operating Officer of Steerprop Inc."The time has now come to move into the next phase of strengthening our presence in North America," said Riku-Pekka Hägg, President and CEO of Steerprop Ltd. "From our perspective, the market is moving in a positive direction as we see the number of loyal Steerprop customers increasing.

Johan Inden heads Volvo Penta’s global marine business unit as part of the company’s executive management team. “I have global strategy responsibility, global product responsibility, direct commercial responsibility for everything except North America; we have our own commercial setup with our local president there, Fredrik Högberg. Of course, we collaborate very closely, but we have in our DNA to be very close to customers, so we think we need a dedicated commercial organization in North America as well…

Memphis. Ind.-based marine parts and supplies company Case Marine Inc. has acquired the inventory assets of Marine Industries Corp. based in Jeffersonville, Ind. The deal was finalized in June 2021.According to Case Marine's president, Dave Case, included in the acquisition are inventory assets such as engine and steering controls, cutless bearings, gauges, navigation lights and bulbs, searchlights, life jackets and other safety equipment."Marine Industries Corp. is a leader in the commercial Marine Supply market," Case said.

IMTRA, the New Bedford, Mass.-based manufacturer and importer of solutions and products for the marine, energy and transportation markets, recently underwent a change in ownership. But even under new owners, so much about the company, including its makeup and offering, will remain unchanged. And that’s because the new owners are the company’s existing employees.Eric Braitmayer, president and CEO, said IMTRA’s leadership—including vice president of recreational sales Chip Farnham…

Cummins Inc. announced the new classification of its X15 marine engine that now meet safety standards for ABS, BV, RINA and DNV.“Classification society certifications are integral to the safety of the commercial marine industry,” comments Eric Marini, Global Marine Product Planning and Management Leader. “As part of our continued investment in the marine market, the X15 is Typed Approved under the strictest validation test to meet the safety requirements from class societies.

Emissions reductions have been confirmed for the first laker to feature a diesel-electric drive train, after the initial weeks in service of Canada Steamship Lines’ new self-unloader Nukumi. The vessel arrived in Halifax in time to take up duties for the 2022 Great Lakes season complete with patented Direct Drive Electric technology from Berg Propulsion.Built by China’s Chengxi Shipyard, the delivery also marks a bulk carrier market debut for Direct Drive Electric - an integrated solution developed by Berg to make high efficiency electric propulsion easier to adopt.The 26…

Phoenix Lighting announced it is growing its U.S. distributor network in response to increasing demand for its marine-rated LED lighting products, particularly in the commercial inland marine market.The Milwaukee, Wis.-based company said it has entered into new distribution partnerships with Hannan Supply Co. in Paducah, Ky. and Humco Marine Products, Inc. in St. Louis. Both now maintain local inventory of Phoenix floodlights and navigation lights for the inland towboat and pushboat…