Rapid digitization of inspections, surveys and other activities sustained classification company DNV's business in 2020, despite the more challenging working conditions due to coronavirus-related restrictions.
A new project, counting MAN Energy Solutions, among others, aims to develop ammonia-powered engines over the next three years. The project is in line with MAN's own plans to be able to supply ammonia engines by 2024 at the latest.
The supply of sustainable fuels must be increased, and this has led players such as Norden, Maersk and MAN to support a new platform where producers can get feedback on developments. The platform is fund-supported and will be free of charge.
Hempel's plan to reach a revenue of EUR 3 billion by 2025 now leads the coatings manufacturer to acquire an Australian company with 750 employees. "We have taken the first major step on our growth journey," says chief executive.
The Denmark-based USTC Group buys another company as part of the group's digitization work. The acquisition is taking place shortly after the USTC Group took over the majority of trading company CM Biomass.
In just one year, the number of scrubbers installed on board the global fleet has almost doubled. According to Bimco, investors and carriers are more likely to order ships with a scrubber preinstalled now than previously.
Norway's Maritime & Merchant Bank expects to increase lending to shipping companies in 2021, a year in which global economic growth is expected to play a role. Last year, the bank saw its result and lending decrease.
With Sean Fitzgerald at the helm, Maersk Container Industry has closed two factories, more than halved its staff and phased out dry containers. The CEO now reports of a full factory for the coming months and a strong reefer market in an interview with ShippingWatch. The company was recently rumored as a possible sales asset.