Maritime/Shipbuilding
VINSSEN Launches Hydrogen Fuel Cell Vessel Demonstration Project
* Demonstration approved under regulatory exemption by MOTIE * Mobile hydrogen fueling stations to be operated in Yeongam-gun, Jeollanam-do * VINSSEN establishes market dominance with its competitive hydrogen-powered vessel designs amidst growing call for maritime decarbonization SEOUL, S...
New market update: April 2023
GOTHENBURG, Sweden, April 4, 2023 /PRNewswire/ -- Concordia Maritime has published a new market update. The report is available at www.concordiamaritime.com. In addition to commentary from CEO Erik Lewenhaput, it also contains data and statistics regarding both tanker rates, ship values and the d...
Caravelle International Group Announces 3-Year Procurement Contract with Bestwood Joinery Worth $60 Million
* This deal marks the commercial launch of Caravelle's revolutionary CO-Tech lumber drying in transit service SINGAPORE, April 3, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that the Company, through its Singapore Garden ...
Notice to the Annual General Meeting of Concordia Maritime AB (publ)
GOTHENBURG, Sweden, March 28, 2023 /PRNewswire/ -- The shareholders of Concordia Maritime AB (publ), 556068-5819, are hereby invited to the Annual General Meeting to be held on Thursday, 4 May 2023 at1.00 p.m. CEST at Elite Park Avenue Hotel,Gothenburg. Registration for the Annual General Meeting...
Shipping industry can save $50 bn through four enablers of operational efficiency
COPENHAGEN, Denmark, March 27, 2023 /PRNewswire/ -- A new insight brief series from the Global Maritime Forum identifies four actions that maritime and shipping industries can take now to support shipping's transition to a sustainable and resilient zero-emission future. "We need to clean up ship...
'Super Seafood' winners unveiled at the Sustainable Seafood Awards
ALDI, Austral and Mars Petcare awarded for their commitment to certified
sustainable seafood.
SYDNEY, March 27, 2023 /PRNewswire/ -- The Marine Stewardship Council (MSC),
an international non-profit on a mission to endoverfishing
Amogy Secures $139 Million Series B-1 Round of Funding, Moving the Transportation Industry Closer to Clean Energy
* The funding will enable the commercialization of the company's innovative ammonia-to-power technology * Led by SK Innovation, other investors include Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC BROOKLYN, N.Y., March 22, 2023 /PRNews...
ROLEX CHINA SEA RACE: ASIA'S CLASSIC OFFSHORE RACE
HONG KONG, March 21, 2023 /PRNewswire/ -- The Rolex China Sea Race will start on 5 April 2023 in Hong Kong's iconic Victoria Harbour and take competitors 565-nautical miles (1,046 kilometres) across the South China Sea to Subic Bay in the Philippines. Rolex has enjoyed a longstanding relationship ...
Brinc x PML Applications Commence Strategic Collaboration to Aid Ocean Carbon Dioxide Removal Startups
* Collaboration to provide relevant startups in Brinc's Climate Tech accelerator access to PML Applications' Ocean CDR expertise * PML Applications will support the independent validation of startup technologies efficiently and with a high level of scientific rigor * PML Applications' involv...
New market update: March 2023
GOTHENBURG, Sweden, March 6, 2023 /PRNewswire/ -- Concordia Maritime has published a new market update. The report is available at www.concordiamaritime.com. In addition to commentary from CEO Erik Lewenhaput, it also contains data and statistics regarding both tanker rates, ship values and the d...
Huawei Showcases Digital Twin Project for Tianjin Port at MWC 2023
BARCELONA, Spain, March 2, 2023 /PRNewswire/ -- Huawei's Smart Road, Waterway, and Port BU showcased its latest Smart Road and Smart Port solutions at the Mobile World Congress (MWC) 2023. 5G solutions were commercially deployed and have been operating for over a year at Tianjin Port. In fact, th...
Oceanco unveils Aeolus
ALBLASSERDAM, Netherlands, March 2, 2023 /PRNewswire/ -- On the first day of the Dubai International Boat Show, Oceanco revealed a revolutionary yacht design: Aeolus. Fully aligned with Oceanco's NXT initiative, Aeolus is in tune with evolving perspectives on the environment as well as lifestyle....
Exploration No.2 Successfully Completed Sea Trial Mission, with the Support of Lin Lu's Dalian Shidao Industry
DALIAN, China, Feb. 26, 2023 /PRNewswire/ -- On October 26, 2022, the "Xuelong 2" polar research vessel departed fromShanghai, officially starting China's 39th expedition to the South Pole; OnOctober 14, 2022, Exploration No.2, equipped with the 4,500-meter manned submersible "Deep Sea Warrior", ...
2GO delivers PHP312 million profitable turnaround in 2022
PASAY, Philippines, Feb. 23, 2023 /PRNewswire/ -- 2GO Group, Inc. (2GO), the country's leading transportation and logistics company and a subsidiary of SM Investments Corporation, posted turnaround profits ofPHP312 million on the back ofPHP19.3 billion in revenues. Group revenues grew 25% as the ...
RMS Titanic, Inc., VSFG, and Artifact Labs Partner To Bring The Titanic Into Web3
ATLANTA, Feb. 22, 2023 /PRNewswire/ -- RMS Titanic, Inc. (RMST), Venture Smart Financial Holdings Ltd (VSFG), the first virtual asset manager inHong Kong approved by HKSFC, and Artifact Labs, a Web3 company on a mission to 'Preserve and Connect History on the Blockchain', today announced a partne...
Costa Group and Proman join forces towards decarbonisation of the cruise industry
GENOA, Italy and WOLLERAU, Switzerland, Feb. 16, 2023 /PRNewswire/ -- Costa Group, part of Carnival Corporation and Europe's leading cruise operator with its two brands Costa Cruises and AIDA Cruises, and the leading methanol producer,Proman, have signed an MOU to drive further the implementation...
IQAX expands eBL solution to cover bulk cargo
COSCO Shipping Specialized Carriers issues bulk cargo eBLs using the innovative IQAX eBL electronic bills of lading solution. HONG KONG, Feb. 16, 2023 /PRNewswire/ -- IQAX Limited's electronic bills of lading solution is now being used on both bulk cargo and container shipments and has access to...
Altair and New York Yacht Club American Magic Announce Partnership for the 37th America's Cup
Altair provides data analytics and AI technology to optimize NYYC American Magic team's performance TROY, Mich., Feb. 14, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR) announced it has been named the official computational science and artificial intelligence (AI) partner for the New York Yacht Club...
KPS CAPITAL PARTNERS TO ACQUIRE CONTROLLING OWNERSHIP OF PRINCESS YACHTS
Investment will Accelerate Company's Growth and Innovation NEW YORK, Feb. 14, 2023 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has entered into a definitive agreement to acquire a controlling equity interest in Princess Yachts (Holdings) Limited, ("Princess Yachts" o...
Concordia Maritime: Year-End Report, 1 January-31 December 2022
Successful sales strengthen results GOTHENBURG, Sweden, Feb. 9, 2023 /PRNewswire/ -- Total income Q4: SEK 263.0 (151.2) million Full year: SEK 686.1 (704.8) million EBITDA Q4: SEK 203.7 (36.6) million Full year: SEK 374.1 (-82.6) million Result before tax Q4: SEK 142.8 (-308.2) million Full yea...
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