Tag Archives: shipping industry

NORDEN upgrades 2026 profit outlook following strong tanker market performance and increased vessel sale gains

(IN BRIEF) NORDEN has raised its 2026 full-year net profit guidance to USD 70–140 million, supported by strong tanker market performance and increased gains from vessel sales. In Q1 2026, the company reported a net profit of USD 11 million, … Read the full press release

Inmarsat Maritime Secures Industry Award for Advanced Bonded Connectivity Solution Enhancing Vessel Operations and Crew Experience

(IN BRIEF) Inmarsat Maritime has won the Maritime Mobility Innovation award at the MSUA 2026 Satellite Mobile Innovation Awards for its NexusWave bonded connectivity service, which delivers seamless, high-speed internet at sea by combining multiple networks simultaneously. The solution offers … Read the full press release

Capital Tankers Corp. Achieves Landmark Euronext Growth Oslo Listing with NOK 4.8 Billion Capital Raise and Strong Investor Demand

(IN BRIEF) Capital Tankers Corp. has debuted on Euronext Growth Oslo in what is the largest western shipping listing in two decades, following a heavily oversubscribed NOK 4.8 billion private placement. The listing, which values the company at approximately NOK … Read the full press release

Norden Advances Strategic Fleet Renewal with Vessel Divestments, MPP Newbuilds and Share Buybacks

(IN BRIEF) Norden has sold one MR tanker and one Capesize vessel from its owned fleet, taking advantage of strong asset market conditions in both dry cargo and tanker segments. Alongside these divestments, the company is expanding its project cargo … Read the full press release

DNV highlights modular reactor designs and regulation as key to future nuclear-powered shipping

(IN BRIEF) DNV has released a new white paper exploring the potential of nuclear propulsion in driving maritime decarbonization amid rising environmental pressures. The report examines the technological, regulatory, and commercial challenges involved in adapting nuclear energy for maritime use, … Read the full press release

New Maersk hub in Poland strengthens company’s regional presence and taps into Warsaw’s talent base

(IN BRIEF) Maersk has inaugurated a new service centre in Warsaw’s Wola district, marking a major milestone in its European expansion. The office, launched on 21 August, will enhance customer service, centralise operations, and provide multilingual support for Maersk’s diverse … Read the full press release

CMB.TECH completes secondary listing on Euronext Oslo Børs after Golden Ocean merger, achieving NOK 27 billion market value

(IN BRIEF) CMB.TECH has completed its secondary listing on Euronext Oslo Børs under the ticker CMBTO, marking the company’s expansion in global capital markets and its continued role as a leader in sustainable maritime transport. Already listed on Euronext Brussels … Read the full press release

Alfa Laval Leads Maritime Decarbonization with First Ammonia Waste Incineration Marine Boiler System

(IN BRIEF) Alfa Laval has secured an order for the world’s first ammonia waste incineration marine boiler system, set for installation on four vessels transporting LPG and ammonia for Trafigura. This innovation, developed in collaboration with key industry players, is … Read the full press release

Marsa LNG Plant Marks Groundbreaking Ceremony in Oman to Lead Energy Transition in the Middle East

(IN BRIEF) The Marsa LNG plant, located in Sohar, Oman, celebrated its groundbreaking on May 1, 2025, marking a milestone for the Middle East’s energy industry. TotalEnergies and OQEP are developing the plant, which will produce 1 million tons of … Read the full press release

CMA CGM Launches “My Exclusive Concierge” to Offer Personalized 24/7 Customer Support

(IN BRIEF) CMA CGM has introduced a new premium service called “My Exclusive Concierge” to provide customers with tailored support around the clock. As part of the CMA CGM+ value-added services, this initiative ensures continuous, personalized assistance to meet the … Read the full press release

DNV Explores the Growing Role of Wind-Assisted Propulsion Systems in Maritime Decarbonization

(IN BRIEF) DNV’s new whitepaper examines the growing interest in wind-assisted propulsion systems (WAPS) and their increasing adoption across the shipping industry. The paper explores how WAPS contribute to fuel savings, reduce emissions, and help meet maritime regulations. It also … Read the full press release

Hapag-Lloyd Secures USD 4 Billion Green Financing for 24 New Low-Emission Container Ships

(IN BRIEF) Hapag-Lloyd has secured USD 4 billion in financing for the construction of 24 container ships, with a focus on low-emission technology and green financing principles. This investment aligns with the company’s long-term commitment to decarbonizing its fleet and … Read the full press release

Maersk and Hapag-Lloyd Launch Gemini Cooperation to Revolutionize Global Shipping Network with 90% Schedule Reliability

(IN BRIEF) Maersk A/S and Hapag-Lloyd AG are launching their collaborative shipping network, Gemini Cooperation, on February 1, 2025. The initiative aims to create a flexible and interconnected global ocean network with a target schedule reliability of over 90%. Approximately … Read the full press release

Hapag-Lloyd and Maersk Launch Gemini Cooperation to Set New Standards in Shipping Reliability and Sustainability

(IN BRIEF) The Gemini Cooperation, a collaboration between Hapag-Lloyd and Maersk, will launch on February 1, 2025, offering an innovative hub-and-spoke network aimed at improving global shipping’s service reliability and connectivity. With around 340 vessels and a target of over … Read the full press release

DNV’s Latest White Paper Highlights Biofuels’ Potential and Challenges for Shipping’s Decarbonization Efforts

(IN BRIEF) DNV’s “Biofuels in Shipping” white paper examines the potential of key biofuels like FAME and HVO to reduce greenhouse gas emissions and support compliance with maritime regulations. However, it warns of potential supply constraints as biofuel use grows. … Read the full press release

Veracity by DNV Expands Integrated Partner Network to Aid Shipping Industry in Meeting Emissions Reporting Needs

(IN BRIEF) Veracity, the independent cloud platform by DNV, has expanded its integrated partner network to help shipping companies and charterers meet their emissions data verification and reporting requirements. With the inclusion of more partners, Veracity provides access to verified … Read the full press release

Alfa Laval to buy patented technology that generates hydrogen from ammonia from Danish company RenCat

(PRESS RELEASE) LUND, 2-May-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced it will acquire a patented technology that generates hydrogen from ammonia from Danish company RenCat. RenCat’s patented technology … Read the full press release

Alfa Laval kauft patentierte Technologie zur Erzeugung von Wasserstoff aus Ammoniak vom dänischen Unternehmen RenCat

(PRESSEMITTEILUNG) LUND, 2-May-2022 — /EuropaWire/ — Alfa Laval, ein weltweit führendes Unternehmen in den Bereichen Wärmeübertragung, Zentrifugalabscheidung und Flüssigkeitshandhabung, hat angekündigt, eine patentierte Technologie zur Erzeugung von Wasserstoff aus Ammoniak vom dänischen Unternehmen RenCat zu erwerben. Die patentierte Technologie von … Read the full press release

Hittesh Gupta to lead Casualty Investigation for BMT in Asia

(PRESS RELEASE) LONDON, 15-Dec-2021 — /EuropaWire/ — BMT Group Ltd (BMT), a leading international multi-disciplinary engineering, science, and technology company, has announced the appointment of Hittesh Gupta, 23-years of experience in the shipping industry, for its Head of Casualty Investigation in … Read the full press release

New ABATE class notation by DNV aims at measures to reduce greenhouse gas (GHG) emissions on offshore installations

(PRESS RELEASE) BÆRUM, 27-Sep-2021 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, has announced the introduction of new ABATE class notation designed to assist the owners and operators of offshore floating installations to identify and implement measures … Read the full press release