Finnish engineering group Wärtsilä has agreed to divest its Gas Solutions business to German private equity investor Mutares SE & Co. KGaA, continuing its efforts to streamline operations and unlock value from its portfolio.Gas Solutions, which operates globally across the gas value chain, provides systems and lifecycle services for maritime gas handling, inert gas systems, gas-to-power solutions
Odfjell SE and Japan’s Nissen Kaiun Co., Ltd. have formed a new Bergen-based joint venture, Odfjell Hakata Maritime AS, marking a significant expansion of their long-standing partnership and adding substantial capacity to the global chemical tanker market.The JV will launch with a fleet of 10 stainless-steel chemical tankers, equally contributed by the two companies.
As geopolitical tensions rise globally, and President Trump prepares to reenter the White House later this month, focus turns to the maritime sector and China's growing dominance. So when the U.S. Department of Defense released on the Federal Register on January 7, 2025 a "Notice of Chinese military companies operating in the United States
NYK and NYK Ship management Pte. Ltd. (NYKSM) conducted a drill on October 17 that simulated a response to an accident off the coast of Okinawa Island.The exercise featured a scenario in which a fire broke out in the cargo hold of a car carrier owned and operated by NYK and managed by NYKSM. During firefighting operations, the vessel also collided with a small craft.
Emirates Shipping Line (ESL) enters the US market with the launch of the Sun Chief Express (SCX).The Sun Chief Express (SCX) will directly connect Seattle, WA with Ho Chi Minh, and Shekou, while also providing wider coverage of Southeast Asia via these ports. ESL will leverage its intermodal solutions within the US market
Wärtsilä Gas Solutions and Höegh Evi have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a step in the energy transition. The project was announced in April 2023 and is part of Norway’s green platform program.
South Korea has deployed a large stationary floating platform in a disputed section of the Yellow Sea, escalating tensions with China over a contested maritime zone where both countries' exclusive economic zones (EEZs) overlap. The move, described by Seoul as a "reciprocal measure," comes in response to a growing Chinese presence in the area
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
“Our connections to the maritime world are far more profound and diverse than I think most of us realize.” James P. DelgadoJim talks about his long, storied career, starting with his budding interest in archaeology and history at age 10, and how his career path changed when he was exposed to the buried San Francisco Gold Rush ship Niantic while working for the National Park Service.
We talk with renowned maritime archaeologist James Delgado about the recently found US Navy destroyer USS Stewart. Stewart was a century-old US Navy destroyer that earned the unenviable distinction of serving under both American and Japanese flags during World War II. This groundbreaking discovery was made off the coast of northern California on a collaborative expedition between Ocean Infinity
Odfjell SE has reported its results for the first quarter of 2025, showing a resilient financial result despite the increased market uncertainty due to the initial U.S. trade tariffs announcement.The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids.