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New Thruster Solutions Developed for Arctic Shipping

R&D
A team of European marine research institutes and companies have developed creative technologies for thruster solutions that are specifically engineered for ships operating in the Arctic.

Carnegie issued Oz wave ultimatum

Tidal Energy
Wave developer Carnegie Clean Energy has been given nine weeks to provide a detailed funding plan to the Western Australia state government to continue with its Albany project.

SINN Power rides Guinea wave

Tidal Energy
German wave developer SINN Power has agreed to take on a feasibility study on the potential of wave energy and other renewable technologies on behalf of an unnamed customer in Guinea.

Stolt-Nielsen, Golar and Höegh target small-scale LNG and bunkering

Business
Stolt-Nielsen, Golar LNG and Höegh LNG are investing $182m in Avenir LNG to develop small-scale LNG distribution and LNG bunkering.

Singapore plans to tighten controls in maritime fuel industry

Safety & Regulations
Singapore plans to apply stricter control measures to the marine fuels sector, a move that industry sources say could boost transparency in a notoriously opaque industry.

How newbuildings, scrappings formed world fleet in 2017

Business
In its 2018 edition of Maritime Transport Review, UNCTAD informed that in 2017, total newbuilding delivery amounted to 65 million gross tons, equivalent to 5.2% of the start-of-year fleet in 2017.

EIB approves €195 million funding for Italian port projects

Ports
The European Investment Bank (EIB) approved a €195 million (USD224.7 million) financing to the Centre-North Tyrrhenian Sea Port Authority for the expansion of the port of Civitavecchia, in the Italian capital.

Finnish LNG icebreaker tests oil recovery capabilities

Naval Engineering
State-owned Finnish polar services company Arctia has tested the oil-recovery capabilities of its LNG-powered icebreaker Polaris at sea for the first time.

Global Maritime Forum ‘breaks new ground’ for the shipping industry

Safety & Regulations
This high-level meeting gathered maritime leaders to discuss industry-wide, long-term challenges and opportunities.

UK Coast Guard Wins Grant to Study Autonomous Ship Regulation

Autonomous Shipping
The British government is making an investment in a much-needed area of autonomous shipping research: regulation.

Huntington Ingalls Closes on Sale of Avondale Shipyard

Naval Engineering
Defense shipbuilder Huntington Ingalls Industries has closed on the sale of the historic Avondale Shipyard site in New Orleans.

Aker Solutions to Supply Subsea Production System for Mero 1

Subsea Technology
Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project.
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