News

Torqeedo to integrate ocean plastics into its pioneering products

Every year, an estimated 14 million tonnes of used plastics end up in the world’s waterways and, finally, the ocean. These plastics entangle wildlife, break down into hard-to-remove microplastics, and litter our human and natural environments. Torqeedo GmbH, the world’s leading manufacturer of electric and hybrid drives for the marine market, is taking the next …

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Value Maritime and MOL team up to capture carbon together

Dutch emission-reducing tech enterprise, Value Maritime (VM) and Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) have inked a contract for VM to supply an Exhaust Gas Cleaning System (EGCS) and Carbon Capture feature for an LR1 Product Tanker. VM will provide a 15MW next generation EGCS Filtree with its additional Carbon Capture unit set …

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Kotug International selected EST-Floattech for the containerised battery system for world’s first fully electric pusherboat

EST-Floattech has announced that KOTUG International B.V. (KOTUG), the leading international towage and maritime company, has chosen EST-Floattech’s containerised energy storage solution with Octopus Series for the E-Pusher 1 (Type M). On board the world’s first fully electric pusher boat is a container with the battery system of EST-Floattech, supporting the vessels every energy need. …

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Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore

Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has announced its plans to advance the maritime biofuel ecosystem in Singapore with up to S$10 million in investments. This partnership will be spearheaded by two of its Alliance members – Green COP and Ken Energy – which formalised a Memorandum …

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Nesec contributes to the funding of maritime battery developer EST-Floattech

Rotterdam-based Nesec Fund Management has announced its contribution to an investment programme increasing maritime sustainability. By providing a strategic loan, Nesec plays a pivotal role in the total capital attracted by EST-Floattech from Energietransitiefonds Rotterdam, Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. EST-Floattech will put the investment to use in the ongoing advancement and …

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Posidonia 2024 marks the rebirth of the Greek shipbuilding industry

Greece’s revitalised shipbuilding industry will be prominently represented during Posidonia 2024, signalling a strong recovery following decades of decline and disrepair. The sector’s Greek renaissance is on the cards after the completion of the consolidation of the country’s shipbuilding units in Syros and in Elefsina, and also due to the restart of Skaramangas shipyard and …

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Cargo sail ship showcases Bio-UV Group’s commitment to the development of sustainable shipping

The innovative Grain de Sail II cargo sail ship has set sail across the Atlantic with a state-of-the-art ballast water treatment system supplied by BIO-UV Group. The vessel, based in St. Malo, France, transports French products to New York by sail before heading south to the Caribbean and loading locally grown organic products, such as …

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Successful closing: Yamaha Motor closes acquisition of Torqeedo, the global market leader in electric mobility on water

Torqeedo, the global market leader in marine electric mobility, has announced the successful closing of the acquisition by Yamaha Motor. The closing of the share purchase agreement with German engine manufacturer DEUTZ AG, the previous owner of Torqeedo, marks a milestone in Yamaha Motor’s Marine CASE Strategy 2024, which aims to achieve carbon neutrality in …

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