An industrial conglomerate pioneer

GE to break up

London - General Electric will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Tuesday. The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power

Rajesh Kumar Singh and Abhijith Ganapavaram
FOCUS

How GE's Larry Culp split the empire Jack Welch built

London - It was the break-up that eluded a generation of General Electric insiders. When Larry Culp, the first GE chief executive not to rise from within its ranks, convened a board meeting earlier this month to greenlight the split of the industrial conglomerate into three companies, he secured its backing. It was a far cry from board meetings held in the 1980s and 1990s by one of Culp's predecessors

Anirban Sen and Rajesh Kumar Singh
Ignazio Messina & C.

Navis integrates Master Terminal at Milano Segrate Terminal

Genoa - Navis has announced that it has gone live with its Master Terminal operating system at Inter Modal Logistic (IML) Milano Segrate Terminal (Ignazio Messina & C.). Milano Segrate is currently in the process of updating its inland and intermodal terminals

paris

France recalls envoys in U.S. and Australia over submarine deal

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

skou

Maersk CEO sees no sign of freight market easing this year

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"

next week

Germany, France, Spain aim for fighter jet agreement

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

U.N. report

North Korea developed nuclear, missile programs in 2020

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"

Michelle Nichols
Strategies

Israel venture capital firm JVP in talks for potential UAE innovation centre

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

Alexander Cornwell
The promise

ArcelorMittal commits to becoming carbon neutral by 2050

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

Containers

CMA CGM hit by cyber attack

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

Diplomacy

Israeli tech's thirst for UAE cash must overcome old enmity / FOCUS

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

Hadeel Al Sayegh and Steven Scheer
Pressing on Brussels

European battery makers power up for a green recovery

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

Kate Abnett, Matthew Green and Norihiko Shirouzu
Rivaling Fincantieri and Naval Group

Berlin is reportedly brokering a deal to consolidate German naval shipbuilders

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

Shipping and technology

Wartsila misses Q4 expectations

Finnish ship technology and power-plant maker Wartsila reported on Thursday lower-than-expected quarterly profit, burdened by slower demand

Global warming

Fincantieri enters the nuclear project ITER

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

technology

Fimer acquires ABB solar activities

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

technology

Ports of Genoa propose incentives on cold ironing

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)

Alberto Quarati
technology

Wärtsilä supports Italy in reaching energy targets

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

technology

France and Germany commit to European electric battery industry

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.

By Myriam Rivet
technology

Corvus supplies first all-electric workboat

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

technology

Floating nuclear plant “Sturgis” dismantled

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

technology

New opportunities in Ukraine for power plants

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”)

technology

West Africa, electronic data exchange for vessels

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

technology

Euronaval, military programs on stage in Paris

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.

technology

“More needs to be done for LNG bunkering”

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

technology

Containership tries bunkering with vegetable oil

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

technology

Kongsberg wins contracts for nine hybrid Ro-Ro Vessels

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.

technology

Wärtsilä sold 33 engines for COSCO contracts

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

technology

Stock market opens for Bio-Uv Group

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

technology

Coast Guard icebreaker runs aground in House bill

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

technology

Smart ships and smart… crews? / ANALYSIS

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.

ALEX STEFANI
technology

Heroes of Giglio Island besieged by creditors

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

Francesco Margiocco
technology

Australia, Fincantieri and Cetena sign the alliance with Flinders

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.

MARCO SCHEMBRI
technology

China: a battery to store renewable energy

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

technology

Giant cages for deep sea fish farming in 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

technology

U.S. could reach goal of 355 ship Navy in 2030s

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

Mike Stone
technology

Class, industry and regulators to study lithium battery

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

technology

Tesla’s autonomous semi truck spotted on highway

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

technology

Piaggio drones: go-ahead from Italian Treasury

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.”

Alberto Quarati
technology

IIT produce biodegradable packaging from artichokes

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

technology

UAE mulls investment in Indian equipment

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

technology

Small town models waste disposal on ships

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”

Edoardo Meoli
technology

Russia to acquire 10 minesweepers

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

technology

NCL Holdings migrates to IB’s InfoSHIP Evo-Ers

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

technology

Training of seafarers, new technologies and regulations

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.

technology

HHI to Preempt LNG-Powered Ship Market

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.

technology

Lithuania emerges as blockchain gateway to Europe

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

technology

ABB Turbocharging tops industry efficiency

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.

technology

Glimmer of hope for Cyprus to export its gas to Egypt

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.

technology

Safety in our ports / ANALYSIS

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.

ALBERTO QUARATI
technology

“International competition to save Genoa Power Station”

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

Alberto Quarati
technology

China EximBank interested in LNG newbuilds

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”

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