Hjelland Tapped to Take the Helm at Servogear
Servogear announced it has seen record sales during the first quarter of 2021, and has established an order back-log of $14 million for delivery in 2021, compared to total sales of $9.1 million for the whole of 2020, driven by orders for zero emission propulsion systems for high-speed passenger ferries and cruise & sightseeing vessels for tourism.The company is also a provider of propulsion systems to highspeed crew transfer vessels used to ferry service personnel to and from offshore wind turbines…
MSC Reaffirms Commitment to Avoid Arctic Shipping Routes
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us,” said MSC CEO, Soren Toft. “MSC will not seek to cut through the melting ice of the Arctic to find a new route for commercial shipping, and I consider this a position the whole shipping industry must adopt.”Running from Murmansk near Russia’s border with Norway to the Bering Strait near Alaska…
New On-demand Content Service for Seafarers
A new on-demand service for movies, news and information has been built and launched for mariners working on board the typical deep-sea merchant vessels.While crew welfare in the form of modern IPTV entertainment is now part of the expected in some maritime segments, this is not the case in a typical tanker, bulk and container vessels, where the technology is often perceived as being too complicated and costly, says Norway-based BazePort.The company is now launching a new service…
Rolls-Royce's Power Systems Profitable Despite 17% Revenue Plunge
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.Power Systems is taking advantage of the crisis to prepare for a shift in its business model…
DNV GL Advises ‘Mind the (Safety) Gap’ as Maritime Transforms
A new approach to safety is necessary along the maritime industry's rapid transition to a decarbonized, digitally smart future, says classification society DNV GL in a new white paper released this week, and as discussed on Maritime Reporter TV with Knut Ørbeck-Nilssen, CEO of DNV GL - Maritime and Fenna van de Merwe, Principal Consultant at DNV GL, the report’s author.The white paper entitled “Closing the Safety Gap in an Era of Transformation”, identifies a looming “safety gap”…
Managing Risk: Shipowners Not Meeting Emission Regs Face a Big Business Risk
There is increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and investors.“This represents a whole new ball game for the industry. Optimization of ship operations has traditionally been dictated by the efficiency of delivery around the globe that has typically meant being able to sail at full speed, thereby burning more fuel, to minimize costs for the charterer.
ORE Catapult taps Oceanspace Communication for PR Services
The UK’s Offshore Renewable Energy Catapult Selects Oceanspace Communications for Public Relations & Campaign SupportSpecialist maritime and offshore PR firm joins new team tasked with elevating the British businesses, people and technologies leading the charge against global warmingThe Offshore Renewable Energy (ORE) Catapult has appointed Oceanspace Communications to its new Public Relations, Graphic Design and Filmography Framework Agreement to provide Public Relations & Campaign Support services.
World First: Activation of Commercial Iridium GMDSS onboard Norwegian Trawler
The town of Haugesund, Norway, home to busy waterways dotted with fishing and shipping vessels, was home to a maritime 'world first', with the announcement of the world’s first commercial Iridium GMDSS installation.The Norwegian trawler Trygvason has put to sea following installation of two Lars Thrane LT-3100S GMDSS terminals by local marine services company Brommeland Elektronikk A/S, with Iridium GMDSS service provided by remote communications solutions provider, Applied Satellite Technology (AST).
SSY Publishes Shipping Outlook for 2021
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.Contributions come from a range of senior research and broking experts and cover dry bulk, tanker and gas freight markets; shipping investments, CO2 emissions, FFAs, metals and energy derivatives.
Sævik Named Managing Director of New Havyard Ship Technology
Karsten Sævik has been named managing director of the New Havyard Ship Technology AS (NHST) shipyard in Leirvik, Norway, replacing outgoing managing director, Erlend Hatleberg, who has chosen to seek new opportunities outside the Havyard Group, the company announced Tuesday.Sævik brings to the role high-level experience in vessel construction and operations, having previously held roles as VP of projects and newbuilding at Odfjell ASA, CEO at Remøy Shipping and CEO at Ulstein Verft.The new managing director joins NHTS at a time of transition following last year's bankruptcy.
Ammonia Fuel Cells for Deep-Sea Shipping: A Key Piece of the Zero-emissions Puzzle
Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project is aiming to secure a place for ammonia in the future of deep-sea shipping.The project will equip the offshore supply vessel Viking Energy, owned and operated by Eidesvik and on contract to energy major Equinor, with a 2-megawatt (MW) ammonia fuel cell, allowing it to operate for at least 3,000 hours annually on clean fuel.
Ship Finance Lenders Fall Short of Sector's Carbon Targets
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.Last year, a group of leading banks signed up to environmental commitments known as the Poseidon Principles…
Felin Named CEO of Hurtigruten Norway
Norwegian cruise ship operator Hurtigruten Group has appointed Hedda Felin CEO of Hurtigruten Norway, where she will take the helm of Hurtigruten’s coastal Norway operations.As CEO of Hurtigruten Norway, Felin will be part of the Hurtigruten Group Management Team, based out of the Hurtigruten Group’s Oslo head office. She will assume her new role on March 1, 2021Hurtigruten Group has reorganized its cruise operations in two different entities: Hurtigruten Expeditions and Hurtigruten Norway.
Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech
Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the numbers look at Sterling PBES today?Right now we are sitting in a position where we had anticipated delivering somewhere in the neighborhood of $20-21 million worth of product, which is about 35 megawatt hours. And we’re scheduled to blow past that to almost $40 million. And we’re looking at the following year as a year of over a $100 million…
Cavotec, ASKO Power Forward on Autonomous, Zero-Emission Fleet
The future of shipping is here, and it will not surprise industry observers to see Norway in the pole position as autonomous vessels enter commercial operations. Norway has long been on the bleeding edge of shipping innovation. In 2015, the world’s first battery electric car ferry entered operation in Norway’s deepest and longest fjord, Sognefjord.The ferry, MV Ampere, resulted from a government initiative and was a catalyst for innovation in the industry. Now, Norway is expected to equip some 200 additional berths with zero emission technologies before 2025.
Havyard Jumps to the Fore on Hydrogen
Havyard said that its complete hydrogen system for ships will be completed in 2021, and to that end the group is establishing a separate company to meet market demand for the solution, which will make it possible also for large ships to sail longer distances with zero emissions. Premised on the international mandate to dramatically reduce emissions from ships, Gunnar Larsen, CEO of the Havyard Group, said "We are seeing increasing interest in the market for hydrogen. This form…
Norwegian Shipyard Downsizes, Flips Focus to Repair and Service
One Norwegian shipyard has opted to focus on ship repair and service versus newbuild -- and downsize too -- to ride out COVID-19 and its impact on the world economy.New Havyard Ship Technology announced that it will restructure its operations into a repair and service yard and reduce the number of staff, as employees were informed today at the yard in Leirvik."The strategy of becoming a service and repair yard is absolutely necessary to keep as many jobs as possible," said Gunnar Larsen, CEO, Havyard Group.
The Path to Zero: First Wave of Ships Explore Green Hydrogen
While there is no consensus on what will be the maritime 'fuel of the future', developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially.To reach goals for the shipping industry set by the United Nations, industry leaders say the first net-zero ships must enter the global fleet by 2030. Ships powered by green hydrogen…
Cavotec Launches Automated Vacuum Mooring Solution
A next generation automated vacuum mooring solution from Cavotec is designed to reduce fuel consumption and increase port productivity by simplifying and accelerating the mooring process. Cavotec, a Swiss-headquartered manufacturer of connection and electrification solutions for the maritime industry, on Tuesday launched its MoorMaster NxG with the goal to “revolutionize the way ships enter and leave ports,” enabling ships to dock in as little as 30 seconds.Mikael Norin, Cavotec CEO…
Arctic Shipping Creates Insurance Headaches as Routes Open
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don't lose concentration and miss a mass of floating ice. Big icebergs show up on radar, but smaller, truck-sized "bergy bits"—even more dangerous—can be missed, the captain says.The cold can freeze equipment and the earth's magnetic field disrupts compasses. If anything goes wrong…
IMO, IAPH Partner to Reduce Emissions from Ships and Ports
A new strategic partnership to strengthen cooperation between ships and ports to reduce greenhouse gas emissions has been signed (on 13 October) by the International Association of Ports and Harbors (IAPH) and the GreenVoyage2050 Project, which is executed by IMO.The partnership will result in collaboration to jointly deliver technical cooperation and capacity-building activities to support implementation of an IMO resolution (MEPC.323(74)) which encourages voluntary cooperation…
OSM Nears Deal to Acquire SeaTeam
Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation, is expected to be completed within the next 30 days, OSM said.“We look forward to finalizing our agreement with Frontline and Golden Ocean, after engaging in a very constructive dialogue,” said Tommy Olofsen, chair of OSM Maritime.
Seatankers Hires Investment Chief, Invites Outside Capital
Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit.Vegard Soeraunet, until recently an investment director at Norway’s ODIN Fund Management, will be in charge of “long-term and active ownership” outside of Seatankers’s shipping and offshore oil services industries, the company said.“Getting the opportunity to take this to the next level with a new structure under Seatankers, is a great opportunity,” Soeraunet said in a statement.I
All-electric Autonomous RoRo Ships Under Development
Kongsberg Maritime and Massterly (a Kongsberg Wilhelmsen joint venture) have signed contracts with the Norwegian grocery distributor ASKO to equip two new all-electric vessels with autonomous technology, and to manage their operations at sea.ASKO, which currently transports its cargo by more than 800 trucks daily, is investing heavily in environmentally friendly technologies such as electric and hydrogen-powered vehicles. At present, road transport is the single mode of transportation…
Interview: Christine Spiten, WWF & Cleaning Up Ocean Plastics
Christine Spiten, Nor-Shipping’s latest #ACTION hero, is profiled here, explaining how she left Blueye for the WWF and a mission to stop the ocean's plastics problem the problem at its source. “Eight million tons.”Christine Spiten lets the number sink in for a second … “That’s how much plastic enters the sea every year from our cities and rivers. It threatens not just local ecosystems and the wider environment, but also us – our food sources, our livelihoods, our very existence. It is the fastest growing environmental problem we face. And it demands action.
Yara Marine Launches Start-up Accelerator Program
Norway-based Yara Marine Technologies says it is running a competition for start-ups to accelerate the growth of technologies and solutions that will contribute to a greener maritime industry.“Our corporate mission is to nurture the next generation of high value, high performance sustainable ocean technologies,” says Yara Marine CEO Thomas Koniordos. “With this new program, we are seeking to position Yara Marine in the global start-up space while developing new opportunities for…