Maersk provides Q3 trading update, revises full year guidance upwards

A.P. Møller – Mærsk has for the first two months of Q3 2021 recognised a financial performance significantly ahead of our previous expectations and now expects for Q3 2021 an underlying EBITDA close to USD 7bn and an underlying EBIT close to USD 6bn. The strong result is driven by the continuation of the exceptional […]

FUELSAVE secures €3.4M to accelerate deployment of novel emissions reduction technology

German cleantech provider FUELSAVE reports it has secured €3.4M in fresh investment funding to expand its team and scale up the production of its advanced combustion conditioning technology FS MARINE+, which is capable of immediately reducing emissions from shipping. Led by Dreamcraft Ventures and supported by legal advisors Poellath+Partners, ,the new funding will enable FUELSAVE […]

SEA-KIT wins funding to demonstrate zero emission hydrogen fuel cell technology for USVs

SEA-KIT International, a leading designer and builder of Uncrewed Surface Vessels (USVs), has won funding to install an innovative PCB-based hydrogen fuel cell, engineered by project partner Bramble Energy, on its 12m USV ‘Maxlimer’ (pictured) and demonstrate zero emission maritime operations. SEA-KIT secured the grant through the Clean Maritime Demonstration Competition (CMDC) – Strand 2, […]

UK Department for Transport announces winning projects in Clean Maritime Demonstration Competition

The first ever green submarine study has been named as one of 55 winning projects of a £23 million government-funded R&D competition, announced yesterday by Transport Secretary Grant Shapps, in Greenwich, as part of the greenest ever London International Shipping Week. The Clean Maritime Demonstration Competition, announced as part of the Prime Minister’s 10 point plan for green industrial revolution, is supporting […]

IFAN invests $1.2m in future-proofing safe navigation

The International Foundation for Aids to Navigation (IFAN) has announced a near $1.2m investment in safe navigation in the Middle East Gulf, that will see significant recapitalisation of the Differential Global Positioning System (DGPS) sites it operates in the region, as well as the construction of a new workboat to strengthen its capabilities, when it […]

Wärtsilä cloud simulation available on-demand via OTG’s Ocean Learning Platform

Smart Simulation and Training Solutions provider Wärtsilä, is pleased to announce that the Voyage’s Cloud Simulation Solution is now available on Ocean Technologies Group’s (OTG) Ocean Learning Platform. Featuring instructor-led interactive simulation training, automated assessment solutions, and a growing library of simulation exercises, the solution is now available to a combined customer pool of over […]

KVH provides AgilePlans VSAT services for Briese Schiffahrt vessels and crew

KVH Industries, Inc., (Nasdaq: KVHI), announces its successful and expanding AgilePlans relationship with established customer German shipmanager Briese Schiffahrt, which has rapidly grown its installed base over the last two years from 5 to 38 vessels with plans to continue. The flexibility of KVH’s no-commitment AgilePlans® program and the reliability of the global VSAT services […]

Container rate surge trending higher and longer: HSBC

HSBC Global Research reports that container spot rates continue to trend higher and are tracking its ‘bull-case scenario’ for the sector, helped by the ongoing supply chain congestion and robust consumption demand. The SCFI (Shanghai Export Container Freight Index) has risen for 18 consecutive weeks and is up 30% q-o-q. Despite recent announcements by Hapag […]

Windward launches data sharing hub to reduce carbon emissions

Israel-based predictive Intelligence company Windward has announced the launch of the Data for Decarbonization Program (D4D), a partnership aimed to increase transparency and foster collaboration within the maritime industry by leveraging the power of big data and AI. Existing members include ADNOC Logistics & Services, ASM Maritime, Executive Ship Management (ESM), (SOKANA Shipping and Interunity. […]

Maersk makes another move into E-commerce with first tech acquisition

A.P. Moller – Maersk (Maersk) has announced the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialised in technology solutions for B2C warehousing for the fashion industry. This is Maersk´s third acquisition this year within E-commerce Logistics, strengthening Maersk´s technology capabilities in the area. “HUUB is a great fit for Maersk, a curious team with […]