There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.
Major companies such as Maersk Drilling, DFDS, Hafnia and Alfa Laval join a project to test fuel cells on methanol. The project is publicly funded and will determine how the cells can help reduce ships' energy consumption.
Alfa Laval has joined forces with several partners in efforts to make a regular marine engine operate on methanol rather than diesel without any adjustments. If successful, it could be a vital shortcut to carbon-neutral shipping.
Alfa Laval, Svitzer and Mærsk Mc-Kinney Møller's Center for Zero Carbon are part of a new partnership with the Technical University of Denmark to develop a cell that can transform green fuel into electricity.
It is realistic that a third of the world's merchant fleet will sail on ammonia in the future, assesses a report by shipping company Hafnia together with Alfa Laval, Vestas, Siemens Gamesa and Haldor Topsøe. 120 ports already have the necessary facilities.
Scrubber sales continued to go down for Alfa Laval in the first quarter. After an overall "stable" financial development in the first quarter, the supplier now expects to be impacted negatively by the coronavirus crisis and a slowdown in the global economy.
A new project aims to develop a solution for existing ships using diesel engines to sail on methanol in the future. "We want to find a simple solution for existing engines," says Senior Specialist Kim Winther of the Danish Technological Institute.
Engine manufacturer Alfa Laval wants a leading position in the market for ballast water management systems, which the company estimates will become a major business within just a few years. Alfa Laval has thus spent the past year increasing its personnel.
Shipping companies' demand for scrubbers seems to have peaked. Major supplier Wärtsilä reports a decline in scrubber orders in the first half of the year. Wednesday, supplier Alfa Laval reported a similar trend.
The number of new orders for Alfa Laval's scrubbers declined significantly in the second quarter. Uncertainty regarding prices and fuel availability are factors behind the slump. The Swedish supplier maintains its confidence in the market, however.
The open-loop scrubbers, which are being criticized for emitting sulfur and particles into the water, are the most popular ones among shipowners, the head of Alfa Laval's marine division tells ShippingWatch.
The order intake at Alfa Laval's Marine Division grew by almost 50 percent last year, according to the annual report. However, interest in the company's scrubber systems decreased in the fourth quarter.
Alfa Laval's Marine Division increases its expectations for the market for ballast water management systems by almost 30 percent over the next eight years, says the company at its capital markets day Tuesday.