Digitization softened the top line blow at DNV

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.

MAN to develop ammonia-powered engine through new project

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.

Hempel acquires Australian coatings manufacturer

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.

USTC Group buys another company

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.

Scrubber installations have doubled in one year

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.

Norwegian shipping bank to increase lending in 2021

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.

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