The ship industry briefing
The latest news, views and numbers you need to know this month
News in Numbers
€7.9m
Business Finland has handed a hefty grant to technology group Wärtsilä to research clean and efficient marine and off-road transport solutions.
$90m
Singapore has launched a massive decarbonisation fund to help lower shipping emissions.
$28.6m
Bollinger Shipyards has acquired Gulf Island Fabrication in a bid to boost construction and repair capacity.
53
Rescue teams battled to save a missing Indonesian Navy submarine which was lost in the Bali Sea, with 53 crew on board.
Source: MarineLink
47,800 tons
New cruise ship Viking Venus has been delivered to owner Viking from the shipyard in Ancona, Greece.
Source: PortNews
Business
RENTALS HELP THE ENVIRONMENT
Asset management company EnTrust Global has established a maritime holding company, Purus Marine, to rent next generation ships and infrastructure equipment, to reduce customers’ carbon emissions and ocean pollution through energy-saving devices and low-to-zero carbon fuel technologies.
Source: Ship Technology
MAIN INDUSTRIES ACQUIRED
International Marine and Industrial Applicators has acquired US-based Main Industries for an undisclosed amount, which will offer preservation, scaffolding and environmental containment services, as well as coating and new construction steel fabrication.
Source: Ship Technology
FINNISH FERRIES
Australia-based TT-Line Company and Finnish shipbuilder Rauma Marine Constructions have signed a contract to construct two car and passenger ferries at Rauma shipyard, after lengthy negotiations caused by the pandemic. The delivery of the first vessel to TT-Line is planned for the end of 2023 and the second vessel for the end of 2024.
Source: Ship Technology
LNG TO BREAK THE ICE
Wärtsilä Voyage has secured an order to supply radio and integrated navigation systems for ten icebreaking liquefied natural gas tankers, which are to be built for the Arctic LNG-2 project. The new contract, which was placed in January, will now be implemented in partnership with Samsung Heavy Industries shipyard.
Source: Ship Technology
Quotes
Juha Kytölä, Director, R&D and Engineering, Wärtsilä Marine Power, following the announcement the Finnish research consortium has been granted funding to research environmentally-sound marine transport:
"A decarbonised future is essential for the marine industry, and Wärtsilä is an established thought leader as we work towards this target. This project will help us in this by developing concepts, together with other technology leaders, that will make propulsion even more sustainable than it is today."
President Joe Biden announced the new target to cut greenhouse gas emissions in the US by 52% by 2030, as part of the US’s Nationally Determined Contribution to combatting climate change, which states:
"While the emissions pathways analysed focus on domestic emissions reduction, the United States is also exploring ways to support decarbonisation of international maritime and aviation energy use through domestic action as well as through the International Maritime Organization and International Civil Aviation Organization."
