Retrofit Fund Launched to Drive Sustainable Maritime Development

The Global Centre for Maritime Decarbonisation and AIM Horizon Investments have launched the Fund for Energy Efficiency Technologies, raising $35 million to support vessel retrofits. This innovative fund, featuring a pay-as-you-save model, aims to tackle financial barriers in adopting energy-efficient technologies, enhancing sustainability in the maritime sector.

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Aero Wing Sail from Rondal

Innovative Aero Wing Sail Achieves LR’s Approval

Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Rondal for its innovative Aero Wing Sail, following a comprehensive assessment aligned with LR’s Guidance Notes on Wind Assisted Propulsion Systems. This milestone, presented at Metstrade 2025 in Amsterdam, marks significant progress in sustainable marine technology for large yachts and multihulls.

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Adani-backed Colombo West Terminal emerges as Sri Lanka’s top FDI source in 2025

Maritime Security and Ocean Heritage Take Center Stage at Colombo Conclave

At the Colombo Security Conclave, National Security Advisor Ajit Doval underscored the critical importance of maritime security, viewing the ocean as a vital part of India’s heritage. He called for collaborative efforts among nations to protect maritime routes against threats like piracy and terrorism, essential for regional peace and economic stability.

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Visakhapatnam Port taps KMEW for 15-year electric tug operation

Visakhapatnam Port Collaborates with KMEW for Sustainable Tugboat Operations

India’s Knowledge Marine and Engineering Works (KMEW) has secured a 15-year contract valued at INR 3.84 billion with the Visakhapatnam Port Authority. This deal involves the operation of a battery-powered tugboat, emphasizing zero-emission standards. KMEW will manage all aspects of the tugboat’s functionality, enhancing sustainable maritime practices in India.

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