On Thursday, Australia said it would scrap the $ 40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
Australia on Thursday said it would scrap the $40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
He expects global trade volumes to grow 7%-8% this year compared with 2020. "We see very, very strong end-user demand combined with re-stocking and the fact that capacity in ports, warehouses and on ships is not fully utilized due to COVID-19"
Berlin - Disagreements over intellectual property rights mean Germany, France and Spain have yet to agree the next steps for a joint fighter jet project, the defence ministry in Berlin said on Saturday after a deadline to find a solution ran out
New York - North Korea maintained and developed its nuclear and ballistic missile programs throughout 2020 in violation of international sanctions, helping fund them with some $300 million stolen through cyber hacks, according to a confidential United Nations report seen by Reuters on Monday. The report by independent sanctions monitors said Pyongyang "produced fissile material, maintained nuclear facilities and upgraded its ballistic missile infrastructure"
U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green
Dubai - Israeli venture capital firm Jerusalem Venture Partners (JVP) is in talks with potential partners in the United Arab Emirates to set up an innovation hub there, its chairman said on Monday. JVP Chairman Erel Margalit has met with potential partners and looked at at least one possible site for a hub during a visit to the UAE this week
Brussels - ArcelorMittal, the world's largest steelmaker, committed on Wednesday to being carbon neutral by 2050, although it said a level playing field with green border adjustments and abundant, affordable clean energy would be required to get there. The company, which makes around 5% of the world's steel, said last year it aimed to reduce carbon dioxide emissions by 30% by 2030
Marseille - French liner major CMA CGM confirmed that it was currently dealing with a cyber-attack impacting peripheral servers. The attack does not include CEVA Logistics: “As soon as the security breach was detected, external access to applications was interrupted to prevent the malware from spreading
Dubai - A thaw in relations between Israel and the United Arab Emirates has raised expectations of an influx of funding in Silicon Wadi, Israel's answer to Silicon Valley: "The UAE has excess amounts of money, but not enough places to invest it in the Middle East" said Eldad Tamir, founder and CEO of the Tamir Fishman investment house, one of Israel's top investment funds
Bruxelles - European battery makers are gearing up to take advantage of massive "green" stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market. While Sweden's Northvolt, and more recently France's Verkor, are making a play for large-scale production
Hamburg - German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery
Cologne - The German government is facilitating talks between major naval shipbuilders in an effort to set up a national conglomerate rivaling industry champions like Naval Group in France and Fincantieri in Italy, according to a local media report. Negotiations to that effect have been ongoing behind closed doors since the beginning of 2020
"We have difficulties shipping needed equipment to Vietnam and travel bans will make it difficult for foreign contractors to send their workers to the refinery," one of the sources said, adding the maintenance may be delayed until 2021
Narashino - The laboratory of Chiba Institute of Technology and NYK will jointly collect seawater from around the world to investigate the actual situation of microplastics that are likely to affect the ecosystem.
Finnish ship technology and power-plant maker Wartsila reported on Thursday lower-than-expected quarterly profit, burdened by slower demand
Fincantieri has been awarded a prestigious order, worth almost 100 million euros, for a number of high-profile equipment furniture and installations as part of the International Thermonuclear Experimental Reactor
Blockchain technology has made strong inroads into the shipping industry all over the world, and Cyprus is following suit.
Genoa - The Italian premier Giuseppe Conte visited the Ericsson research and development center in Genoa this morning.
By ASLA - Associazione degli Studi Legali Associati
Athens - Greece accused Turkey of undermining security in the eastern Mediterranean by drilling for oil and gas around Cyprus, making some of the strongest comments on the issue from Athens’ newly elected government.
Milan - Fimer, a company active in the market of inverters for renewable energy for «utility steps», has signed an agreement with ABB for the acquisition of the solar inverter business of the Swedish-Swedish multinational group
Genova - «From the economic point of view the cold ironing is a bloodbath: for shipowners, ports, terminal operators ». Believe it, if a say it is Davide Sciutto, responsible Technological systems of the Port System Authority Genova-Savona (Ports of Genoa)
Eligroup has been a pillar in the naval business for many years, thus providing military ship operators with tailor-made solutions based on specific customer needs.
Rome - Embassy of Finland in Italy and Wärtsilä Corporation hosted a “Smart Energy Future Seminar ” in Rome, Italy on June 18, 2019. The event focused on analysing how renewable energy is changing the existing electricity market in Italy
Developed by Transas, a Wärtsilä company, the new Navi-Planner makes use of the connected ECDIS.
The product was presented at a Future Dredger Day event held at the company’s Hybrid Centre in Trieste, Italy. The event was attended by some of the world’s leading dredger sector companies, who were given a real-life demonstration of the product.
Genoese freight forwarders warn of immature technology.
Salerno - Software specially designed for the shipping business paves the way for sector enhancement.
Salerno - A case study of the partnership between Nova Systems and the Gallozzi group. Software specially designed for the shipping business paves the way for sector enhancement.
Singapore - Defence Minister Wei Fenghe will deliver a speech on June 2 at the Shangri-La Dialogue, the first time since 2011 that a Chinese defence minister will be at the forum, having in recent years sent lower level officials.
Moscow - Key pipeline to Europe suspended for nearly four weeks. Causes worst ever Russia supply outage.
Paris - France and Germany agreed on Thursday to jointly invest in the European production of electric vehicle batteries, taking on the United States and China in what is emerging as one of the world’s most competitive industries.
Bergen - Corvus Energy will supply a 550kWh Energy Storage System (ESS) for a new all-electric skimmer workboat. The ESS will allow the boat to be in full working mode for four to five hours, and a full battery charge will take just two hours. In addition, the vessel has solar panels on board
Galveston - The U.S. Army Corps of Engineers completed the decommissioning and dismantling of the “Sturgis”, the world’s first floating nuclear power plant, on Friday. The Sturgis was being built in the 1940’s as a World War II Liberty Ship
Helsinki - The Finnish government granted an operating permit to the long-delayed Olkiluoto 3 nuclear reactor.
Genoa - Six months before the adoption of the Imo regulations on ship emissions (a historic step for the shipping industry), next May 21 Genoa will host the main players in the sector.
Brussels - Iran is likely to expand its cyber espionage activities as its relations with Western powers worsen, the European Union digital security agency said on Monday.
Berlin - The European Commission is reviewing last-minute changes from Alstom and Siemens aimed at winning over the regulator to the planned merger of their rail activities.
Kampala - An Ugandan company has started using blockchain, the technology behind virtual currency Bitcoin, to certify shipments of coffee.
Kiev - On 10 December 2018, the Ukrainian President signed Law No. 2628-VIII dated 23 November 2018 “On Amendment to the Tax Code and Certain Other Legal Acts of Ukraine in Relation to Improvement of Management and Revision of Certain Taxes” (the “Law”)
European shipowners who for decades have sent their ships to be scrapped in China must now find new recycling solutions.
Genoa - “Under his guidance IB Marine is looking to become a major player in the Marine IT sector”, says Maurizio Ricci, IB President.
Bruna Ferretti (Rfid Seals Labels by Etti Sicurezza srl): “The most serious mistake is not investing in quality”.
Malabo - Ships and ports will need to be able to exchange arrival and departure data electronically from April 2019, under International Maritime Organization (IMO)’s Facilitation Convention said. There requirements also encourage the use of a single window in which all the many agencies and authorities
London - Latest tumble takes one-week losses to 30 pct. Bitcoin, ether, XRP all lower.
Among tragedies and heavy slumps, shipping continues to ride an increasingly restless market.
The autumn days of October represent an opportunity for the French capital to live intensely the biennial event with Euronaval, an international event reserved for professionals.
Luxembourg - New law would make it easier for EU to target individuals. Italy’s government seeks better Russia ties.
Singapore - LNG bunkering demand could rise with stricter environmental rules in shipping, but more needs to be done to help shipowners overcome implementation hurdles in the longer term, industry experts said during a panel discussion at the 20th Singapore International Bunkering Conference 2018
Amsterdam - Low-carbon shipping group GoodShipping has announced its first carbon-free shipment - a voyage of the container feeder Samskip Endeavor fueled by vegetable oil. Prior to the voyage, the “Endeavor” took on 22,000 liters (about 20 tonnes) of hydrotreated used cooking oil
New Delhi - Tech firms fear India localisation norms raise costs, scrutiny. Industry ramping up lobbying efforts, India-US row possible.
Naples - Kongsberg Maritime has been awarded significant contracts with Nanjing Jinling Shipyard Co., China to deliver power and hybrid systems to nine (9) Roll on – Roll off (Ro-Ro) vessels ordered by Grimaldi Group.
London - LNG cuts pollution from merchant ships. Global green shipping industry seen worth $250 billion.
Tokyo - Toshiba is in talks to sell its U.S. liquefied natural gas business with several suitors, including a Japanese general trader and energy companies in the U.S. and China, sources said on Friday.
Trieste - The technology group Wärtsilä has received a series of notable orders for the upgraded version of its Wärtsilä 20 engine. A total of 33 engines have been ordered for merchant auxiliary power application in three major shipbuilding projects
Paris Bio-Uv Group, the France-based manufacturer of the BIO-SEA ballast water treatment system and other ultraviolet-based water treatment technologies, has announced its initial public offering (IPO) has been approved on the Paris Euronext Growth market
Washington - The future of the U.S. Coast Guard’s mission in the Arctic could be in jeopardy, as a draft House spending measure approved today wouldn’t fund a new polar icebreaker that had received backing from President Donald Trump
The new technologies wave of digitalization, Internet of Things, Big Data, etc has radically changed the paradigm of a deck officer or engineer role onboard ships.
Ravenna - Silvio Bartolotti says he predicts a “grand future” for his salvage company. What is certain is that his firm, the long-established Ravenna-based Micoperi, is facing a less-than-ideal present. Micoperi gained notoriety for having carried out the process of righting the wreck (parbuclinkg) of the “Concordia” shipwreck
Hong Kong - ZTE chairman apologises to staff, customers. Says looking to get back into business soon.
The shipping sector has generally been slower that other fields in adopting digital technologies, due to its conservative nature and the diverse and multiple operators involved.
The project, expected to last one year, will be coordinated by prof. Karl Sammut and will make use of a loan of 310,000 Australian dollars (about 200,000 euros) offered by Fincantieri Australia as part of the Maritime Innovation Challenge programme.
Beijing - Chinese scientists have developed a lead carbon battery for storing power generated from solar panels and windmills and claimed that with such devices, the electricity supply is stable for use. An energy storage system with the batteries was piloted in Dalian Institute of Chemical Physics in northeast China
Beijing - Shandong Wanzefeng Fishery said a fully submersible ocean fish farming net cage called “Deep Blue I”, the world’s biggest, was delivered to the shipyard of state-owned Wuchang Shipbuilding Industry on Friday
Tehran - Director General of Iranian Northern Railway Yousef-Geran Pasha made the above remark and said that Iranian Northern Railway will be electrified with the cooperation of Russia.
Washington - The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday
Tehran - The projects include electrifying 3,000 kilometers of lines in Iran which is on an ambitious railway expansion and modernization drive.
London - Britain’s Digital Minister Matt Hancock said he would be meeting Facebook next week about concerns raised by recent data leaks.
Hamburg - On Friday, DNV GL announced a joint partnership to study the safe use of lithium-ion batteries in shipping. The class society’s partners in the effort include flag states, research institutions, battery and propulsion suppliers, fire system manufacturers, shipowners, vessel operators and yards
San Francisco - Tesla’s all-electric semi truck isn’t supposed to go into productionuntil 2019, but multiple prototypes have already been spotted driving around California. The first on-road sighting was in January, near Sunnyvale
London - Autonomous EVs to emerge in 2020s - BP Energy Outlook.
New York - Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.
Genova - As required by the Military Procurement Code, Italy’s Economy Ministry (MEF) has sent Parliament, for its consideration, a draft ministerial decree for the “approval of a multi-year programme for the acquisition of Medium Altitude Long Endurance remotely piloted aircrafts.”
Berlin - The Smart Materials research team at the Italian Institute of Technology (IIT), led by Athanassia Athanassiou, in collaboration with Genoa’s Wholesale market management company (SGM), and Ascom Confcommercio, presented in Berlin a circular economy project
Dubai - The UAE is exploring investments in defence equipment manufactured in India, the country’s defence minister Nirmala Sitharaman said last week. Speaking to journalists in New Delhi, she said the relationship between the two countries has developed from a commercial one to a strategic partnership in critical areas
Genova - Rovegno,a small town near Genoa, is modelling itself on a cruise ship, as the mayor, Giuseppe Isola, explained: “Summing it all up, we want to create a waste treatment plant similar to what’s used on large cruise ships”
St. Petersburg -The Russian Federation Navy is planning to acquire 10 Alexandrit-class (Project 12700) minesweepers by 2027 and 30 by 2035, according to Deputy Chief of the Naval Shipbuilding Directorate Captain Mikhail Krasnopeyev
Genoa - Platform to enter service in Spring 2019. Announcement from Managing Director Paolo Cornetto.
Tehran - An official said German investors have begun construction of the fifth solar power plant in Hamedan Province following successful operation of four other similar stations.
Genova - Norwegian Cruise Line Holdings, parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, has just stated its intention to migrate from the current InfoSHIP version, covering the Event Reporting, Ship Certificates and Audit & Inspection Processes, to the new web-based platform by IB
Genoa - The forum was held in Rome at the headquarters of the Coast Guard last November 8th and witnessed high-level interventions raising the interest of the over one hundred professionals in the maritime sector who were present.
Seoul - HHI announced that the company held a technology briefing session on an LNG-powered bulk carrier of its own development for nine major Korean shipping companies including Polaris Shipping, SK Shipping, Korea Line and H-Line Shipping.
Vilnius - Hot on the heels of issuing of the Europe’s fastest e-money (EMI) license to the numerous global tech companies, Lithuania has announced it will host Europe’s first international Blockchain Centre. The Centre’s mission: to unlock economic and social value by applying blockchain technology
Baden - ABB Turbocharging has raised the industry benchmark for low-speed turbocharging efficiency to achieve an additional turbocharger efficiency increase of 2% by performing the measurement on an actual engine on an engine testbed.
Texas-based Noble Energy, Shell and Israel’s Delek Group own the deposit in Cyprus’ offshore, estimated to hold 4.5 trillion cubic feet (TCF) of gas. It also contains nine million barrels of condensate.
President Mino Giachino proposes Genoa’s nomination as the venue for a Euro-Africa Institute.
Genoa - Pitto: “Freight forwarders will require more and more mastery of technology”.
Starting 2021, Flag States will have to apply IMO guidelines.
THE VTS (Vessel Traffic Service) is a maritime traffic service created after the Second World War to make shipping in and out of Northern European ports (such as those in Great Britain, the Netherlands, and the Baltic Sea) safer and more efficient.
Washington - The House Judiciary Committee voted 27-8 to approve the bill, which would partially restrict the U.S. government’s abilityto review American data collected under the foreign intelligence program by requiring a warrant in some cases.
Luboil & Shipping Industry: challenges on ships emissions, rules and products. Our interview with Shell Marine Executive Director
Monastier - Currently, in an experimental way, the STM project for the tracking of routes involves 237 Italian ships to which 300 foreign vessels should be added.
Genova - The Futur-E project is an initiative that began two years ago,and involves the 23 ENEL plants across Italy that are no longer operational. The goal is to re-appropriate these facilities: there is no particular restriction on the final use, but rather criteria to be followed
Cambridge - “From informing detailed models of the inner workings of neutron stars and the emissions they produce, to more fundamental physics such as general relativity, this event is just so rich,” said MIT senior research scientist David Shoemaker.
Shanghai - The Export-Import Bank of China (China EximBank)has affirmed its interest in the financing of Chinese-built LNG newbuilds, following the completion of an eighth vessel under the bank’s portfolio. Shanghai Hudong-Zhonghua Shipbuilding launched the new 174,000 cu m LNG carrier “Cesi Tianjin”
Wolfsburg - Volkswagen AG’s tarnished reputation suffered another blow after its Scania unit was slapped with a 880.5 million euro ($1.03 billion) fine for fixing truck prices, a year after other members of the cartel reached a record settlement with the European Union
Milan - After 35 years, Boero Bartolomeo is moving towards leaving the Stock Exchange. Tender offer and delisting for the Genoese company: the company’s board of directors, which is controlled by six groups of shareholders, and announced that it is united in a shareholders’ agreement for 97.4% of the capital
La Spezia - In La Spezia,the city where the first Italian submarine was built in 1889 (the “Delfino”, which was one of the first and most advanced of its time), many consider it a joke that now there isn’t even one that you can visit