Svanehoj, an ITT company, acquired Germany-based Köhler & Hörter GmbH (KOHO Kompressorsysteme, or KOHO), a family-owned company specializing in high-quality compressors for a wide range of industries, including shipbuilding. The acquisition closed on October 1, 2025. In recent years, Svanehoj has expanded its position as a supplier of marine pumps, tank control systems
International Chamber of Shipping (ICS) Publications launches the sixth edition of Shipping and the Environment: A Guide to Environmental Compliance, offering an expanded and accessible overview of how shipping relates to environmental protection and global regulation.Developed for a broad audience, including shipping companies, seafarers, policymakers, and those new to the maritime sector
Norwegian maritime technology company Nereida Energy has raised $3.3 million (NOK 32 million) through a private placement of shares backed by a group of industrial and financial investors, including Grieg, Eviny, Nysnø and Nye Aasen.The company, which develops battery and energy storage solutions for vessels ranging from ferries and service vessels to offshore ships and wellboats
BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilization and storage (CCUS) projects and the need for a standardized contractual framework for maritime transport.
Alternative Marine Technologies has issued a RFP to three major U.S. Shipbuilding companies for a 2+2 series build of a 230 TEU Microcontainer Feeder. The project is based upon the Conoship CIP230TEU design currently operating in Europe. The design is complete through production drawings, 3D modeled and available with the availability of a virtual “walkthrough” of the vessel.
Sanmar Shipyards has announced the successful completion of sea trials for its 14th fully electric tugboat, marking an achievement in the company’s 50th-anniversary year. This latest vessel, an ElectRA 2500SX design, reinforces Sanmar’s position as a global leader in the transition toward a sustainable, emissions-free towage industry.
On December 12, the U.S. Coast Guard released their report on the collision between small passenger vessel PROWLER and yacht ATTESSA IV, flagged under the Cayman Islands. The collision occurred on October 26, 2018 in the San Diego Bay and resulted in the loss of one life. The report determines that the initiating event of the incident was a collision between the vessels.
Danish shipping company NORDEN has acquired the Southern African cargo activities of Taylor Maritime, previously operated under the IVS brand, adding to its growing parceling and project cargo business.As part of the deal, NORDEN will take over the specialist parceling team based in Durban, South Africa, led by Brandon Paul, who will continue serving customers on parcel trades from South Africa.
Freire Shipyard has celebrated the keel laying of the new flagship research vessel for the Danmarks Tekniske Universitet (DTU -Technical University of Denmark). Measuring 70 meters length and 16 meters beam, with accommodation for 38 people, the Dana V is set to become a world-class platform for research and education.Successor to the Dana IV, the Dana V was designed by the Knud E.
ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo Domingo in Dominican Republic.The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022.
A management team led by industry veteran Geir Bjørkeli has completed the buyout of Yinson GreenTech's Norwegian subsidiary Yinson Green Technologies, establishing an independent company under the new name Nereida Energy.The move positions Nereida to advance battery solutions for the maritime industry, drawing on the leadership team’s deep sector expertise.
Elomatic, an international consulting and engineering company, has successfully completed the installation of its Elogrid tunnel thruster technology on the 10,000 GT special purpose research vessel, the METEOR IV, built by the MEYER FASSMER spezialchiffbau consortium.As part of a joint venture between FASSMER and MEYER Group