Green Marine
TECO 2030 wins tax relief grant to develop hydrogen fuel cell production line
Norway’s cleantech company TECO 2030 has been granted up to NOK 5.4 million (around $630,000) in indirect government support for developing its first production line for hydrogen fuel cells at its new fuel cell factory in Narvik.
NED-Project introduces hydrogen-ready, Jones Act-compliant offshore wind installation vessel
NED-Project, a Poland-headquartered naval architecture and ship design company with an office in the US, has developed a new wind turbine installation vessel (WTIV), which features a hydrogen-ready set-up and has the capability to install 15-20 MW wind turbines as well as to load and transport monop
Easterly creates new maritime investment company
Easterly Asset Management has unveiled Maritime Logistics Equity Partners (MLEP), a new company formed to take advantage of opportunities in international shipping markets, including the chemical tanker shipping sector that is projected to reach $9.5 billion by 2026.
Meyer Group steps into green mega yacht market
German shipbuilder Meyer Group has decided to enter a new market segment — at the Monaco Yacht Show, the company will for the first time show a mega yacht concept powered entirely by fuel cells and batteries.
LR buys ship data intelligence company to increase sustainability
Maritime classification society and technical services provider Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specialising in improving vessel efficiency through machine learning.
ABS and Hyundai Heavy join in on optimized LNG carrier design
U.S. classification society American Bureau of Shipping (ABS) and South Korean shipyard Hyundai Heavy Industries (HHI) have completed a joint development project to develop an optimized LNG carrier design.
Bachmann, RTI team up on DDS-based solution for autonomous shipping
Austrian electronics manufacturer Bachmann electronic and US software company Real-Time Innovations (RTI) have partnered up to support Germany’s network Platform Industrie 4.0 through cross-vendor interoperability without a gateway.
Maersk to speed up eFuel development with latest investment in US startup
Danish shipping giant A.P. Moller – Maersk has made an investment in US-based start-up company Prometheus Fuels focused on developing cost-efficient, carbon-neutral eFuels for shipping.
Design approved for world’s largest VLGCs
Classification society Bureau Veritas has issued design approval for what will be “the world’s largest” very large gas carriers (VLGCs).
Oldendorff to send largest carriers to load logs from New Zealand
German shipping company Oldendorff Carriers and New Zealand’s shipping service provider South Pacific Shipping (SPS) have finalized a deal that will soon see “the largest vessels to ever call at New Zealand for the loading of logs.”
Royal Caribbean eyes further emission cuts by 2025
After achieving its carbon reduction target of 35% compared to a 2005 baseline, American cruise holding company Royal Caribbean Group has committed to further reduce emissions by 25% by 2025 from 2019 levels.
Wärtsilä to upkeep Wasaline’s LNG-fueled ferry Aurora Botnia
The Finnish technology group Wärtsilä and the Finnish–Swedish ferry operator Wasaline have signed a ten-year optimised maintenance agreement for the Aurora Botnia LNG-powered ferry.
Torqeedo, Fassmer Shipyard unveil fully electric city ferry concept
Germany’s boat builder Fassmer Shipyard and compatriot electric drive system provider Torqeedo have developed a fully electric ferry concept for public transport — the Fassmer CIT-E Ferry powered by a Torqeedo integrated drive system.
Adani Ports wraps up acquisition of Gangavaram Port
India’s largest private ports and logistics company Adani Ports and Special Economic Zone Ltd (APSEZ) has concluded the acquisition of the Gangavaram Port by buying the remaining 10,4% stake from the Government of Andhra Pradesh (GoAP).