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PALFINGER Announces Record Year in 90 Year History

PALFINGER Announces Record Year in 90 Year History

[By: PALFINGER] For the company’s 90th anniversary, PALFINGER AG looks back on an outstanding fiscal year 2021. Thanks to strong demand worldwide, the Bergheim/Austria-based group has raised the ba...

Asiatic Lloyd Maritime Digitalizes Fleet with KDI’s Vessel Insight

Asiatic Lloyd Maritime Digitalizes Fleet with KDI’s Vessel Insight

[By: Kongsberg Digital] Kongsberg Digital (KDI) has signed a contract with Asiatic Lloyd Maritime (ALM), a leading shipowner based in Singapore and Hamburg, to integrate KDI’s Vessel Insight into A...

Fincantieri Build 6 Marine Robotic Vessels for Ocean Infinity

Fincantieri Build 6 Marine Robotic Vessels for Ocean Infinity

[By: Fincantieri] Fincantieri will design and build 6 marine robotic vessels for Ocean Infinity. The series scales up the “Armada” fleet to 23 vessels becoming the largest in the world by far. T...

Rolls-Royce Power Systems Business Unit Announces Strong 2021 Results

Rolls-Royce Power Systems Business Unit Announces Strong 2021 Results

[By: Rolls-Royce] Rolls-Royce business unit Power Systems ends the year 2021 with a satisfactory growth in profits despite pandemic. The underlying profit of £242 million (€282 million) significant...

Merchant Ships Attacked and on Fire off Ukraine 

Merchant Ships Attacked and on Fire off Ukraine 

Merchant ships continue to be targeted in the escalating Russian war on Ukraine while security analysts are warning vessels to leave the area due to the increased danger. The crew of a small chemical...

U.S. Sanctions UAE-Based Shipmanager for Helping Houthi Rebels

U.S. Sanctions UAE-Based Shipmanager for Helping Houthi Rebels

On Wednesday, the U.S. Department of the Treasury blacklisted a shipmanager for allegedly helping an Iranian-run network to funnel millions of dollars into Yemen for use by the Houthi rebel group. The...

"Unreliable" Russian Gas Gives EU a New Reason for Green Transition

"Unreliable" Russian Gas Gives EU a New Reason for Green Transition

In a press conference Thursday night, European Commission President Ursula von der Leyen said that the EU's plans for a green hydrogen economy are now a national security issue, not just an environmen...

Cargotec-Konecranes Merger Clears Hurdle with EU Conditional Approval 

Cargotec-Konecranes Merger Clears Hurdle with EU Conditional Approval 

The proposed merger of two of the leading providers of cargo handling equipment, Cargotec and Konecranes, cleared an important regulatory hurdle winning conditional approval from the European Commissi...

Russian Navy Captures Ukraine's Outpost on Snake Island

Russian Navy Captures Ukraine's Outpost on Snake Island

In the opening day of its invasion of Ukraine, the Russian Navy captured Snake Island (Zmiinyi Island), a small border patrol outpost in the Black Sea about 70 nautical miles south of Odessa.  "Aft...

CMA CGM to Test Biofuel on 32 Containerships for the Next Six Months

CMA CGM to Test Biofuel on 32 Containerships for the Next Six Months

A range of shipowners have tested the use of biofuels on a limited basis on their fleets, but in the latest development, French giant CMA CGM Group is starting a wide-reaching, six-month test involvin...