PROW Capital has announced the launch of the green shipping fund (GSF), a EUR 420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that demonstrate measurable emissions reductions. The funding of GSF has been structured and arranged in close cooperation with Banco Santander and supported by...
A new voyage optimisation solution that uses the latest advances in artificial intelligence (AI) to improve fuel savings of at least 5 per cent has been launched as the result of a collaboration between the University of Southampton, the Alan Turing Institute, and Theyr. The solution ‘T-VOS’ is the first multi-objective genetic-algorithm AI-based voyage optimisation...
Marseilles-based start-up Searoutes has announced a EUR 1.3 million financing round to help shipping companies reduce their greenhouse gas (GHG) emissions. The round was led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder. In August this year, the start-up was awarded a grant of EUR 1.1m from the European Maritime and Fisheries Fund...
NAPA has shared the preliminary results of its new research that explores the potential effect of The Energy Efficiency Index for Existing Ships (EEXI) on the transportation capacity, total emissions and carbon intensity of the global bulker fleet. Adopted by MARPOL in June 2021, EEXI measures and restricts CO2 emissions per transport work, purely considering...
The world’s first electric and self-propelled container ship, the Yara Birkeland, has departed for its maiden voyage in the Oslo fjord. The Yara Birkeland has been developed in collaboration with the Kongsberg Group and was built by VARD with financial support from Enova. The ship will be operated from Maasterlys’ monitoring and operation’s centre in...
Wärtsilä has announced that it will commercially launch its two-stroke future fuels conversion platform during the first quarter of 2022. This innovative and patented engine combustion technology platform will enable the fast and cost-effective conversion of two-stroke main engines to operate on clean-burning future fuels. This is seen as a major step in the maritime...
Swiss climate tech start-up Daphne Technology has attracted another round of investors including Shell Ventures, Trafigura, AET, and Saudi Aramco Energy Ventures. The US $10.92 million investment will help the start-up to continue leveraging innovative technology to remove greenhouse gas (GHG) emissions from the combustion gas of any fuel type. Daphne Technology’s plug-and-play solution breaks...
Marlink and OneOcean Group have teamed up to add a range of advanced voyage solutions to Marlink’s Application Partner Programme. This collaboration pairs OneOcean’s solutions, which connect ship and shore and deliver real-time information for better decision-making, with Marlink’s application management platform, to provide shoreside teams and seafarers with access to software for better voyage...
A.P. Moller – Maersk is participating in a trial to ascertain how much fuel can be saved on one of its large containerships by using air lubrication technology. Wärtsilä and Silverstream Technologies will install Silverstream’s Air Lubrication System, the Silverstream System, on the vessel owned by A.P. Moller – Maersk. The trial will examine possible improvements...
U-Ming, SWS and Jotun have signed commercial agreement for Jotun’s Hull Skating Solutions (HSS) to be used onboard U-Ming’s dual fuel bulk carrier. Jotun’s HSS combines the Hull Skater, an underwater robotic device with hull inspection and cleaning capabilities, and SeaQuantum Skate, a purpose developed antifouling coating. The solution will be fitted on one of...
Ship operator and manager Vroon has achieved a 22 per cent fuel saving onboard its container vessel, the Indian Express, by optimising the propulsion system with a controllable pitch propeller. The shipping company worked with Berg Propulsion to investigate the possibility of optimising the propulsion system to improve energy efficiency and reduce CO2 emissions to...
Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specialising in improving vessel efficiency through machine learning. The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register. i4 Insight, part of LR’s Maritime Performance Services business, is a digital platform that allows shipowners, operators and charterers to easily access insights on vessel performance and fuel consumption...