BAR Technologies Expands Maritime Team
BAR Technologies, a developer of wind propulsion systems and maritime decarbonization solutions, has expanded its team as it gears up for further growth in 2025.The company made 20 new hires in 2024, including new Sales and Marketing team, four Naval Architects, and 13 engineers, following an increase in global demand for its technologies.Among the notable hires is Tom James, who joined as Sales Director in early 2024.
Lloyd’s Register Greenlights CUBE Batteries for Maritime Applications
Germany-based Lehmann Marine, a developer of maritime lithium ferrophosphate (LFP) battery systems, has secured a type approval from Lloyd's Register for its CUBE compact energy storage solution, paving the way for its broader adoption across the maritime industryThe certification marks the fourth major classification society to approve the CUBE battery system, following Bureau Veritas, DNV, and RINA.
Maersk’s Profit Beats Forecasts as Shipping Giant Eyes 4% Market Growth
Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump's tariff threats create uncertainty.Geopolitical developments including Trump's threats to impose tariffs on the top U.S.
Van Oord’s Heavy Lift Vessel Installs First Monopile at Polish OW Farm
Van Oord’s heavy lift installation vessel Svanen has installed the first monopile at the Baltic Power offshore wind farm, north of the Polish coast.Developers ORLEN and Northland Power contracted Van Oord for the transport and installation of 78 foundations, consisting of a monopile fitted with a transition piece.With a production capacity of up to 1.2 GW, the Baltic Power offshore wind farm is expected to ultimately supply renewable energy to more than 1.5 million households in Poland.
G2 Ocean Opts for StormGeo’s Advanced Voyage Optimization Solution
Norwegian ship operator within the open hatch segment G2 Ocean has selected StormGeo’s voyage optimization solution for its fleet of 120 vessels.The new agreement builds on the success of a long-term collaboration between the two maritime companies, further solidifying G2 Ocean’s confidence in StormGeo’s ability to support their goals of operational efficiency and decarbonization.G2 Ocean has selected StormGeo’s Voyage Optimization solution…
Monna Lisa Cable Layer Joins Prysmian’s Fleet
Monna Lisa cable laying vessel (CLV), built by Norwegian shipbuilder Vard, has joined Prysmian’s fleet.The 171-meter-long CLV has officially joined Prysmian fleet, following the successful completion of sea trials.Monna Lisa will match Prysmian’s Leonardo da Vinci, the world’s most advanced CLV, in terms of capacity and performance.The vessel boasts two carousels of 7,000 and 10,000 tons, the highest capacity in the current market…
VIKING Life-Saving Equipment Opens New Boat Factory in Norway
VIKING Life-Saving Equipment has strengthened its position in boat manufacturing by setting up a new manufacturing facility in Norway.The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment and for special boats in the defense segment.As the supplier of lifeboats and fast rescue boats for the commercial shipping, offshore, and defense segments…
Kongsberg Maritime Unveils Range of T&I Solutions for Floating Wind
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process, from anchor and mooring installation through to electrical cable pull-in, ensuring that turbines are ready to be connected to energy grids, and offer…
Hapag-Lloyd Confident About Tariff Resilience
Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday."It is too early to push the panic button," CEO Rolf Habben Jansen said in the remarks published on Wednesday, when additional 10% tariffs kicked in, and made before U.S. President Donald Trump proposed that his country to take over the Gaza Strip."Fortunately we are able to react when transport flows change…
Hoegh Ready for FID for Hydrogen Deliveries to Germany
Norwegian shipping firm Hoegh Evi expects to take a final investment decision (FID) this year on an ammonia-derived hydrogen project to deliver clean fuel into dedicated German grids, chief executive Erik Nyheim said.The company operates three of its nine floating storage and regasification units (FSRU) for LNG along the German coast, diversifying the country's supply origins since the 2022 energy crisis.With an eye on Germany's long-term decarbonization goals, Hoegh and private firm Deutsche Re
Bayesian's Mast to be Removed Before Recovery
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be recovered once its mast is dismantled in a salvage operation likely to begin after the middle of April, a source close to the matter told Reuters on Wednesday.The recovery of the British-flagged Bayesian, lying on its right side at a depth of around 50 meters (164 feet), could help explain why it sank during a severe and sudden storm off the port of Porticello…
Maersk Initiates Share Buy-Back
A.P. Møller - Maersk has decided to initiate a share buy-back program of up to DKK 14.4 billion (around $2 billion) to be executed over a period of 12 months.The purpose of the program is to adjust the capital structure of the company ultimately through cancellation of shares repurchased. It was in February last year due to market uncertainties caused by disruptions in the Red Sea.The first phase of the share buy-back program will run from February 7 to August 6, 2025.
Costamare Upsizing Fleet
Costamare has reported a net income of $290.7 million as part of its unaudited financial results for the fourth quarter and year ended December 31, 2024, also noting its plans to renew its owned fleet.Gregory Zikos, Chief Financial Officer of Costamare, said: “In the container ship sector the Red Sea crisis led to diversions via the much longer Cape of Good Hope route. These diversions, together with strong cargo demand, absorbed the incremental new building capacity.
ABS Approves Collapsible Floating Wind Platform
ABS has issued a statement of maturity to Aikido’s floating wind platform which is designed to be assembled more quickly in smaller port areas and transported using existing barges. This could enable faster and cheaper development of floating offshore wind projects.As part of the process, ABS witnessed a successful upending demonstration of the Aikido One unit, a 1:4-scale floating wind platform. The…
Support for Jones Act, Concern about China Voiced at Maritime Infrastructure Hearing
US Coast Guard and Maritime Transportation Subcommittee Chairman Mike Ezell (R-MS) addressed a hearing titled “America Builds: Maritime Infrastructure” on Wednesday saying: “It is clearly critical that we must build a safer and more efficient system.”The new chairman, for the 119th Congress, said the Jones Act is quite literally the bedrock and foundation of the nation’s shipbuilding industrial base…
Amogy Expands Operations to South Korea
Amogy, a provider of ammonia-to-power solutions has announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.This will Amogy close to established investors and partners, including SK Innovation, Samsung Heavy Industries, HD Hyundai, Hanwha, SV Investment, and Korea Zinc.Korea’s status as an early adopter in ammonia and hydrogen fuel technologies…
Baltic Exchange Enters Chemical Tanker Market
The Baltic Exchange has launched a new series of chemical and agricultural oil assessments.The Baltic Chemical and Agricultural Oil Assessments (BCAA) will be produced on a weekly basis as of February 2025. The assessments are designed to serve a segment of the freight market – across owners, charterers, brokers and trading companies.The BCAA will offer insights into a series of trade routes covering “easy-chemicals” like benzene, biofuels and caustic soda, as well as vegetable oils.
ASRY Wins Repair Yard of the Year at Global ShipTek Awards
The Arab Shipbuilding and Repair Yard Company (ASRY) has been honored as the Repair Yard of the Year at the ShipTek International Maritime Conference and Awards 2025, held in Dubai last week. The company surpassed numerous regional competitors, securing the award due to its technical expertise and capability to deliver first-rate services that meet client needs.This conference is one of the most prominent events in the maritime industry…
Alfa Laval Acquires NRG Marine
Alfa Laval has signed an agreement to acquire NRG Marine, a U.K.-based provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications.The move aligns with Alfa Laval’s strategy to provide its customers with environmentally friendly solutions that significantly improve operational efficiency, reduce costs, and extend the asset’s lifecycle. Closing of the acquisition…
DP World Southampton Welcomes First Gemini Cooperation Ship
DP World Southampton has welcomed the arrival of MV Leonidio, the first ship to dock to the port under the Gemini Cooperation agreement, set up by Hapag-Lloyd and Maersk. The MV Leonidio docked at the Southampton logistics hub on February 3 as part of its first rotation on the Gemini Transatlantic AL1/AT3 service.The ship will call at the ports of Rotterdam, Hamburg, and Wilhelmshaven in Northern Europe before crossing the Atlantic to dock at New York…
