Swedish AI company Cetasol has raised $2.7m in a seed funding round to scale its AI-driven decision support and digital twin technology to reduce fuel use for ships.
Read more
Funding is available to help owners convert propulsion of their assets into electric-powered systems to cut emissions after a conversion kit was approved by a U.S.-backed incentive program.
Read more
Multinational mining group, Rio Tinto, is to install an OceanGlide air lubrication system developed by Alfa Laval on one of its bulk carriers. It is the latest dry bulk major to assess fuel-saving opportunities as companies seek to cut carbon emissions. Berge Bulk and Vale are amongst those trying out fuel-saving options.
Read more
Yara Marine Technologies (YMT) has been acquired by Geneva-based Okapi Supply Trading Advisory to expand its maritime portfolio.
Read more
Lemissoler Navigation Ltd. and Shanghai Merchant Ship Design and Research Institute (SDARI) received ABS approval in principle (AIP) for its design of a 65K DWT methanol-fueled ultramax bulk carrier.
Read more
Europe’s first inland ferry powered by Rolls-Royce high-speed mtu Series 4000 gas engines has begun operating on Lake Constance in Germany.
Read more