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Drillship to be converted to ABS-Class subsea mining vessel 

Rotterdam – A former drillship is being converted to an ABS-Classed subsea mining vessel, in an industry first. Allseas’ 228-meter Hidden Gem is being equipped with a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades of nickel, manganese, copper and cobalt—key metals required for building

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Global container carrier profits to attain $300 billion

According to revised estimates in Drewry consultancy’s latest Container Insight Weekly, pre-tax profits of the global container shipping industry in 2021 and 2022 will be as high as $300 billion. The industry is expected to benefit well into 2022 from the current world supply chain crisis. The virtually unprecedented profit outlook stems from seemingly unstoppable

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Wärtsilä and Eidesvik Offshore to cooperate in world’s first ammonia conversion project

The Wärtsilä and Eidesvik personnel leading the ammonia conversion project. From left to right Jan Lodden; Chief Operation Officer, Eidesvik Offshore ASA, Hans-Petter Nesse, Managing Director, Wärtsilä Norway, Gitte Gard Talmo, Chief Commercial Officer, Eidesvik Offshore ASA and Cato Esperø, Head of Sales, Wärtsilä Norway © Wärtsilä Corporation The technology group Wärtsilä and Norwegian ship owner Eidesvik

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Yinson invests in Canadian marine battery energy storage solutions

Kuala Lumpur, Malaysia – Yinson Holdings Berhad , through Singapore-based subsidiary Yinson Venture Capital Pte Ltd (a wholly owned subsidiary of Yinson Green Technologies Pte Ltd), has invested in Sterling PBES Energy Solutions Ltd (SPBES), a Vancouver-based energy storage solutions company working to lower or eliminate dependence on fossil fuels in marine and industrial applications. This

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AAPA ports commit to national and international GHG emission reduction goals

The American Association of Port Authorities (AAPA) — the unified voice of seaports in the Americas — announced a commitment among member ports to address climate change on a national and global scale. Efforts, include plans to reduce greenhouse gas (GHG) emissions, support facility electrification, and increase the use of alternative energy sources, while working

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ICS outlines bold plan to IMO for net zero shipping emissions by 2050

The International Chamber of Shipping (ICS) has submitted plans to the industry’s UN regulator, the International Maritime Organization (IMO), detailing urgent measures which governments must take to help the industry achieve net zero CO2 emissions by 2050.  The new net zero target and action plan was today welcomed by Canadian ship operators represented by the Ottawa-based

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Five new donors support the next generation of the maritime industry (in French)

  Geneviève Allard, President of the IMQ Foundation, presented a commemorative plaque to Pierre Terrien, publisher of Maritime Magazine, to underline the contribution of the magazine in the disclosure of the 2019-2024 fundraising campaign Rimouski – Dans le cadre de la campagne majeure de financement de la Fondation de l’Institut maritime du Québec, cinq organisations octroient

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Landmark transit via NSR by new heavy lift operator

Rotterdam-based RED BOX Energy Services Pte. Ltd. (RBES) a newly established heavy lift provider, has announced the first transportation of a Jack-Up rig from Europe to China via the Northern Transportation Route. The operation involved a 7900 Nautical Mile transit of the NSR from Grenaa Havn, Denmark to Qingdao, China and the safe delivery of

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