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People & Company News

$252m Finance for LNG-Powered Tankers

Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian…

Marine Propulsion

ClassNK CMAXS for Two MOL Ships

ClassNK Consulting Service Co., Ltd. developed next-generation diagnostic monitoring system “ClassNK CMAXS” has been chosen by Mitsui O.S.K. Lines (MOL) for installation on two more ships operated by the company. The…

Legal

ClassNK Launches EU MRV Support Service

ClassNK subsidiary ClassNK Consulting Service Co., Ltd. said it has launched a support service for setting up an emissions monitoring plan (MP) in compliance with the EU monitoring, reporting and verification of CO2…

Technology

Condition-based Monitoring for MOL’s New Tanker

Mitsui O.S.K. Lines (MOL) has introduced ClassNK Consulting Service’s condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX on the M/V Taranaki Sun, marking the system’s first commercial application. The ClassNK…

Technology

Braemar New System Cuts DP Trials Cost

Braemar Engineering has introduced a unique new initiative which can save on average 25-35% of the costs of carrying out annual dynamic positioning (DP) trials. The system offers savings that hard pressed vessel owners…

People & Company News

Caterpillar Scoops Platts Award

A new concept in ship propulsion developed by Caterpillar has triumphed at the 17th annual Platts Global Energy Awards in New York. Winning the Commercial Application of the Year category, the twin fin system secured the…

People & Company News

ABB to Power Futuristic Hybrid Ferry

ABB will provide the technology integral to one of the most innovative ship designs ever seen on the Norwegian fjords. The ferry will couple its striking appearance with ABB’s cutting edge maritime hybrid solution. The…

People & Company News

Volvo Penta Doubles Service Interval

Volvo Penta today announced a new extended service interval for its commercial marine diesel engines. Under the new program, owners can double the maximum oil change interval to 1,000 hours for Volvo Penta D9, D11, D13…

People & Company News

Volvo Penta Offers Extended Warranty

Volvo Penta has doubled the warranty on Genuine Volvo Penta Parts and Accessories that are purchased and installed at a Volvo Penta dealer — creating even better protection for customers. Volvo Penta offers a…