Xeneta Shipping Index by Compass (XSI-C), EU Benchmark Regulation (EU BMR) compliant is ready for index-based contracting and derivatives Xeneta and Compass Financial Technologies announced the launch of the Xeneta Shipping Index by Compass…
France's CMA CGM said it had agreed to buy most of Ingram Micro's Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping group's push into end-to-end logistics.CMA CGM…
The Norwegian company Havnekraft has awarded Zinus a contract to develop and deliver a new and flexible shore power solution for cruise ships calling at Haugesund Cruise Port. Several international ports are also showing great interest in the solution…
As the maritime industry collectively struggles to chart the course toward decarbonization, Crowley today committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1…
Cox Marine joined SHAPE UK, a consortium looking to transition Portsmouth International Port into the UK’s first zero-emissions maritime hub. As part of this project, Cox will be working with the University of Brighton to convert one of the…
As naval architects and marine engineers we are familiar with the design spiral. While design is not truly a spiral, we use the concept to remind ourselves that all pieces of a ship design interact. The design spiral is not a standard figure and can be simplistic or overcomplicated…
A solar-powered 'smart buoy' is being tested in the Stockholm fairway as part of the Intelligent Sea EU project. Ports of Stockholm is testing smart navigational markers, among other things for improved efficiency of service and maintenance…
Wärtsilä Voyage has signed a Memorandum of Understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to further strengthen their collaboration in smart port innovation and digitalization. The main objectives of this strategic partnership are to initiate…
BAE Systems launched its next-generation power and propulsion system for the marine market: the HybriGen Power and Propulsion system. According to the company, the system uses smaller and lighter components with modular accessory power system…
A fish-farming superyacht developed by Ocean Ark Tech of Chile (OATECH) and its strategic ally, London-based Ocean Sovereign, is one step closer to delivering fish to market after winning a key approval from marine classification society, RINA…
NYK conducts third successful biofuel trial on ship carrying Tata Steel cargoThe bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited…
Ships in Chinese waters are disappearing from tracking systems following the introduction of a new data law in China, frustrating efforts to ease bottlenecks that are snarling the global economy, according to three shipping sources directly impacted…
MSC Mediterranean Shipping Company (MSC) announced it has fully adopted BIC Facility Codes (BFC) for all depots globally. Just like airports worldwide have the three letter IATA codes, all MSC’s depots are now identifiable with a nine-character BFC…
PowerStak fully powered stackers from Presto ECOA can be used for a wide range of load transporting and stacking requirements. PowerStak units are equipped with powered drive allowing palletized loads to be moved effortlessly by any operator…
Digitalization is expediting and maximizing the safety and economics of structural stress and fatigue measurement technologies. Terje Sannerud, Chief Commercial Officer at Norwegian fiber optic condition monitoring system developer Light Structures explains…