The EU Emissions Trading System (EU ETS) is likely to cost Asian owners about EUR 500 million this year, according to Hamburg-based maritime technology firm, OceanScore.

Since the beginning of January, shipowners trading to, from, or within Europe…

Data covering 15 million nautical miles of voyages made by 267 ships in 2023 has recorded significant operational gains from Orca AI’s situational awareness platform. The analysis revealed a reduction in CO2 emissions of more than 170,000 tonnes as a…

Netherlands-based Jumbo Offshore, a privately-owned heavy-lift and offshore installation specialist, is expanding its Middle East operations following an agreement with Sea Horizon Offshore Marine Services that will become its Qatar-based partner in…

Norway’s Eidesvik Offshore and Agalas, a northern Norway shipowner, have established a new joint venture to build a construction support vessel (CSV) powered by dual-fuel methanol engines and batteries at Sefine Shipyard in Turkey. The vessel is due…

Damen has developed a new vessel in the Damen Compact Tugs range, the ASD Tug 1810. It will have a bollard pull of 30 tonnes ahead and 28 tonnes astern. Its design has drawn on a number of features developed in the Compact Tugs range, the company…

Finland-based ship design firm, Deltamarin, and BAR Technologies of the UK have announced a wind-optimised Aframax/LR2 tanker design, named Aquilo. The new design combines efficiency gains relating to hull form and the wind sail company’s WindWings®…

Paris-based Nexans, a global energy transition and electrification specialist, has chosen a hybrid power system from ABB for a new cable layer on order at Ulstein Verft in Norway. Due for delivery in 2026, the vessel will join sister ship, Nexans…

The Lloyd’s Register (LR) Maritime Decarbonisation Hub and five Greek ship owning groups are setting up a new Maritime Emissions Reduction Centre (M-ERC) in Athens to focus on raising the efficiency of existing ships and cutting their greenhouse gas…