News Flash

Ministry of Ports, Shipping & Waterways Gears Up for Special Campaign 4.0 from 2nd October to 31st October 2024

In alignment with the Special Campaign 4.0 for institutionalizing Swachhata (cleanliness) and reducing pendency, the Ministry of Ports, Shipping &...
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U.S. Navy selects BAE Systems to provide advanced digital interrogator target data processor solution

BAE Systems (LON:BA) has received a $19 million contract from the U.S. Navy to design and implement UPX-24 target data processor capabilities...
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Ghostworks Launches Revolutionary M40 Carbon Fiber Vessel Designed And Built For Commercial And Military Use

Ghostworks is proud to announce the launch of its first M-Ship Co. legacy platform, the M40. Manufactured at unprecedented speed,...
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PureTech Systems Inc. Awarded Major Contract to provide AI Technology to help Secure Critical International Waterway

PureTech Systems Inc., the leader in geospatial AI-boosted video analytics for wide-area perimeter and border security, is pleased to announce...
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Ballast Water Management Market to Grow by USD 210.78 Billion (2024-2028) as Environmental Concerns Drive Revenue, with AI Redefining the Market Landscape – Technavio

Report with market evolution powered by AI - The global ballast water management market  size is estimated to grow by...
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Hecla Emissions Management Unveils FuelEU Maritime Exchange to Support Trading of Compliance Balances

Hecla Emissions Management, a joint venture between Wilhelmsen Ship Management and Affinity Shipping LLP, has launched its FuelEU Maritime Exchange...
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The harbor management software market is projected to grow by USD 25.46 Million from 2024-2028, with AI impacting trends and rising cloud adoption boosting growth – Technavio

The harbor management software market is witnessing a notable trend with the integration of digitalization and IoT technology. This shift...
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TraceLink Propels Organizations Toward DSCSA Compliance Ahead of the November 2024 Deadline

With the Drug Supply Chain Security Act (DSCSA) stabilization period ending on November 27, 2024, the TraceLink customer and trading...
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Damen to deliver two fully electric ferries to City of Toronto

Damen has signed a contract with the City of Toronto in Canada for the delivery of two ferries. The fully...
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Keppel pledges S$500,000 to support SUTD’s sustainability research & innovation efforts

Funds will support SUTD in deepening research capabilities in the promotion of sustainable and innovative cities, as well as research...
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Hutchison Ports YANTIAN and Port of Long Beach Ink Memorandum of Cooperation for Green Maritime Economy Around Pacific Rim

A landmark memorandum of cooperation (Memorandum) for Green Maritime Economy around Pacific Rim was signed on 22nd September between Hutchison...
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MAN PrimeServ Signs Cooperation Agreement with Latsco Marine Management

MAN PrimeServ, MAN Energy Solutions’ after-sales division, has signed a cooperation agreement with Latsco Marine Management Inc. (LMM), specialist in...
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KONGSBERG to upgrade Norway’s Ula-class submarines

The contract is worth about NOK 436 million and the scope of work includes upgrades to software and hardware to...
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Wärtsilä to future-proof container vessels with CCS-Ready scrubber technology

Technology group Wärtsilä has been contracted to supply its latest carbon capture and storage-ready scrubber systems - CCS-Ready scrubbers - for three...
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Nuclear power could revolutionise yacht operations as industry seeks low carbon future

New nuclear is emerging as a realistic form of power for the yacht industry, offering commercial and operational advantages as...
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ABS Approves Liquefied Hydrogen Carrier Design from Samsung Heavy Industries

ABS issued general design approval (GDA) to Samsung Heavy Industries Co., LTD. (SHI) for its detailed design of a liquefied...
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DNV completes first-ever verification of stage 3 floating LiDAR unit in Latin America

DNV has successfully completed the first-ever verification of a stage 3 floating LiDAR (Light Detection And Ranging) unit in Latin...
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The MarineTraffic AIS Toolbox has been released as open source software.

The team announced that they have open sourced the MarineTraffic AIS density maps toolbox, which consists of a set of...
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Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair with Propel Shipping

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry...
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Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased...
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