Finance - News

KBR announced now that it has been awarded a contract for its PureMSM green methanol technology by Fikrat Al-Tadweer for a pioneering biomethanol plant in Saudi Arabia for transforming landfill-gas into clean fuels.   KBR’s PureM solution is designed for commercial-scale deployment with a low cost of renewable methanol production. The technology can utilise a wide range of feedstocks, including biogas, gasification-derived syngas, hydrogen, and pure CO₂, enabling flexibility and effi...

The Commercial, Corporate and Finance Team at Campbell Johnston Clark (CJC) recently assisted Yangzijiang Maritime Development (YMD) to secure its primary listing on the Main Board of the SGX-ST. The successful listing resulted in a market capitalisation for YMD of around S$2.15 billion. CJC’s London-based team was led by James Clayton, Partner and head of the Commercial and Finance practice, and Consultant Alastair Macaulay. Demonstration of CJC’s capabilities “This project...

Ricardo, a world-pioneering environmental, energy and engineering consultancy, now announces that it has been appointed to conduct a green shipping corridor feasibility study between Panama and Algeciras, Spain, aiming to decarbonise maritime trade and modernise global connectivity. Funded by European Union delegations in Panama and Costa Rica, the study will deliver an understanding of the technical, financial and policy conditions required to make the Panama–Algeciras corridor a practic...

Helm Operations announced that it has reached 400 customers and more than 10,000 vessels and assets running on Helm CONNECT worldwide, marking a major milestone for one of the maritime industry’s most widely adopted maintenance and operations platforms. The achievement reflects Helm’s expanding role as the operational foundation for fleets across towing, offshore support, passenger vessels, barges, dredging, and other specialised service segments. As more operators in more verticals...

The Nordic countries are taking an important step towards decarbonising maritime transport with the launch of Phase 2 of the “Nordic Roadmap for the introduction of sustainable zero-carbon fuels in shipping: Implementation and realisation 2025–2027.” Managed by DNV and supported by partners Everllence, IVL Swedish Environmental Research Institute, Icelandic New Energy, Sintef Ocean, and VTT, the programme aims to accelerate the transition to emission-free shipping across the r...

A single technical error by an uninsured subcontractor has resulted in a US$70,000 settlement and prompted the International Transport Intermediaries Club (ITIC) to warn ship surveyors of the financial exposure they face when relying on third-party data without contractual protection. The dispute arose after a marine surveyor was appointed by a prospective buyer to confirm that a commercial fishing vessel met the requirements of the relevant maritime safety authority. As part of the survey, the...

Campbell Johnston Clark (CJC) has announced that it has opened new offices in Genoa, following an agreement to engage an established team of maritime lawyers focusing on both English and Italian law. The international maritime law firm, which already has offices in London, Newcastle, Singapore and Miami, will be joined by a seven-strong team located in London and Genoa, led by Enrico Vergani. Vergani has also been appointed as a director of CJC. Vergani’s areas of specialisation Listed...

Global law firm Norton Rose Fulbright has advised private equity firm Aquiline Capital Partners (Aquiline) on its majority investment in marine insurance MGA Clearwater Underwriting. Aquiline is a private investment firm that partners with businesses offering solutions to the financial services industry. The firm invests in growth-oriented financial services and technology companies through private equity, credit, and other strategic capital solutions. Clearwater Dynamics’ software platf...

Singapore is named the world’s top container port in the first edition of the Leading Container Ports of the World (LCP) report, an independent global benchmark published by DNV and Menon Economics. Shanghai and Ningbo-Zhoushan follow in second and third place, with Rotterdam and Busan completing the global top five. Maritime transport carries close to 90 percent of global trade by volume, and container ports alone handle more than 80 percent of non-bulk merchandise. Currenlty, these port...

Watson Farley & Williams (“WFW”) advised Okeanis Eco Tankers Corp. (“Okeanis”) on its successful offering of about 3.2m new shares of common stock, raising approximately US$ 115m. Proceeds from the offering will be used as partial consideration for the acquisition of two newbuild Suezmax vessels currently under construction at Daehan Shipbuilding Co. in the Republic of Korea. The transaction attracted strong investor demand, and the shares were issued at price a...

Watson Farley & Williams (“WFW”) advised shipping company - MPC Container Ships ASA (“MPCC”) on the order of four new container ships with long-term charter agreements. The contracts for the construction of the four 4,500 TEU vessels at a price of US$58m each were signed with Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Co. Ltd. Delivery is scheduled for H1 2028, with options for two additional vessels at the same price. The vessels ordered will be tailor...

The Royal Van Beest Group is pleased to announce that it has acquired Enduro Softslings. Established ten years ago in The Netherlands, Enduro Softslings has secured a pioneering position in the lifting industry through its innovative manufacturing capabilities, high-performance custom-made soft slings, and outstanding customer support. As part of the Royal Van Beest Group — the global pioneer behind trusted brands like Green Pin and Irizar Forge — Enduro Softslings will gain access...

With a mission to power the future ocean economy through unparalleled opportunities for business, networking and collaboration, Oceanology International 2026 opens visitor registration (18th November). The world’s pioneering forum for ocean science, engineering and technology returns to Excel London from 10th to 12th March 2026, connecting more than 8,000 attendees and 500 exhibitors from over 80 countries. Breakthrough solutions in ocean exploration Visitors can register...

Kongsberg Maritime has signed a significant contract with Turkish shipbuilder and pioneering tugboat operator Med Marine to supply US series azimuth thrusters and a combination of electric and hydraulic towing winches for nine new tug designs. The agreement includes Med Marine’s new ‘VoltRA’ all-electric tug, which will be built at the company’s Ereğli Shipyard, renowned for its modern infrastructure and craftsmanship. Kongsberg Maritime’s US205 azimuth thruster...

NorthStandard has advised Members of a 5% increase in P&I premiums for the marine insurance year, starting 20 February 2026, to reflect ongoing market unpredictability and risk. The global marine insurer projects a rise in premium income for 2025-26, as well as better returns on investments, higher reserves, and continued success for its diversification strategy. However, it believes a modest increase for 2026-27 is prudent in the current risk environment. S&P Global ‘A’ ra...

Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been officially approved for use in accordance with MARPOL requirements by both Lloyd’s Register and the Republic of the Marshall Islands. This dual certification confirms that Helm CONNECT’s electronic record books meet the standards outlined under MARPOL, the NOx Technical Code 2008, and the Ballast Water Management Convention. It provides operators with a certified, compliant alternat...

ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its innovative HyfloWind Float, a novel hybrid floating offshore wind structure designed to enhance production efficiency and streamline deployment processes. The HyfloWind Float features a unique concrete-based steel composite design, diverging from traditional all-steel structures. This innovative approach facilitates local fabrication in regions where steel manufacturing capabilities are limited, helping lower the c...

NorthStandard has appointed Jack Marriott Smalley as its new Head of Underwriting for Asia Pacific, with effect from 3 November, 2025. Mr Marriott Smalley brings over 14 years of underwriting experience at NorthStandard to the role, including 11 years in Singapore, most recently serving as Head of Southeast Asia Pacific. His engagement with members, brokers, and partners has been pivotal in strengthening the Club’s presence across the region. Key leadership role In a key leadership role...

Technology group - Wärtsilä completed the transaction of the Marine Electrical Systems business divestment to VINCI Energies, following the agreement announced on 17 July 2025. Marine Electrical Systems, with an annual revenue of EUR 100 million in 2024, is focused on specialised and complex electrical systems integration onboard vessels. The business and all its 380 employees will transfer to VINCI Energies as of 31 October. Bernd Bertram, Head of Portfolio Business, Wärtsil&au...

Wallem Group, a major global maritime partner, is celebrating the centenary of moving its headquarters to Hong Kong. The celebrations will be marked by a special event on 12 November 2025 in the presence of Guest of Honour Hong Kong Finance Secretary, commemorating 100 years since the relocation – 22 years after Norwegian shipbroker and agent Haakon Wallem formed Wallem & Co. in 1903. By 1925, Haakon had earned the nickname ‘Typhoon Wallem’, reflecting his energy and busi...

Peel Ports Group, the UK’s second largest port operator, has announced a fresh £10m investment into its Great Yarmouth site, which is being repositioned as the Port of East Anglia. The newly announced £10m brings this year’s total investment to £70m across the site and will be used to redevelop the port’s Northern Terminal, helping to accommodate the next generation of major offshore wind projects across the region. The change reflects the Group’s growt...

Alfa Laval UK is focused on supporting shipowners with drydocking by helping them identify the kits and parts required for maintenance, whether these are unique to each vessel or pre-identified kits, enabling smarter planning, faster turnaround, and longer fleet uptime. A major focus will be providing condition audit services up to six months before docking. "By auditing systems months before docking, we can spot issues early, plan ahead, and prevent costly surprises," said Ezgi Sezen, UK...

Peninsula, the pioneer in marine energy solutions, has successfully renewed its $400 million Singapore-based syndicated credit facility — reinforcing its position as one of the most financially robust players in the sector. This follows the renewal of Peninsula’s European banking facility earlier this year and, together with other bilateral lines, brings the group’s total funding capacity to over $1.5 billion. Peninsula’s resilient business model The Singapore facility...

NorthStandard has announced Michael Hustler as its new Head of Asia Pacific, in an appointment which reinforces the global marine insurer’s focus on growth, service expansion and diversification in the region. With a formal start date of 27th October, Mr Hustler brings 16 years of Claims and Underwriting with NorthStandard to his new role – most recently as Head of Underwriting, Asia Pacific. As Head of Asia Pacific, he replaces David Roberts, who will leave NorthStandard in Fe...

Corvus Energy, the world’s major supplier of energy-storage systems (ESS) for the maritime industry, announced it has secured a $60 million growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen. Founded in 2009, Corvus Energy has pioneered maritime ESS and supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300...

To mark World Mental Health Day, The London P&I Club has funded one full day of Stella Maris’ UK operations, supporting the charity’s work in providing practical, spiritual, and emotional support to thousands of seafarers every year who are struggling with stress, loneliness, exhaustion, bullying or exploitation. The Club’s contribution covers the costs of the charity’s ship visits, welfare support and pastoral care for a 24-hour period, ensuring thousands of seafare...

Accelleron unveiled its maritime decarbonisation report at London International Shipping Week (LISW25) with a call on the shipping industry to join the global hydrogen economy by working with other sectors to pool demand for carbon-neutral fuels. In its first report on maritime decarbonisation, Accelleron’s Deadlock: What’s Stopping Shipping’s Carbon-Neutral Fuel Transition? argues that “viral” efficiency measures, such as vessel retrofits and digital solutions acr...

RightShip, a major maritime digital platform for safety, sustainability, and supply chain due diligence, announced a new minority investor to accelerate the Company’s technology-led growth and mission of zero harm. Funds advised by Permira, the global investment firm, have agreed to acquire a strategic minority stake in the Company. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes. Scale and expertise in technolog...

OrbitMI, a pioneering provider of maritime SaaS software, has now announced the appointment of Egil Husby to its Board of Directors.  A seasoned shipping strategist and risk management professional, Husby brings more than two decades of experience shaping corporate strategy, managing freight risk, and pioneering transformation initiatives within the global shipping sector. Prior roles of Husby Husby served as Chief Strategy and Transformation Officer at Western Bulk, where he led busines...

The 41st annual Asia Pacific Petroleum Conference (APPEC) by S&P Global – Asia’s pioneering energy conference - will take place from September 8 to 11, 2025, at the Raffles City Convention Centre in Singapore. A cornerstone of the energy industry for the past 40 years, this premier gathering of close to 1,500 industry pioneers, experts and executives across 65 countries aims to explore the evolving landscape of the oil and gas sector, discussing critical issues such as energy tr...