Italian shipbuilder Fincantieri is investing €600 million to acquire majority stakes in four companies specializing in underwater technology. This strategic expansion includes firms focused on marine surveys and autonomous vehicles, aiming to enhance capabilities in commercial and defense markets. CEO Pierroberto Folgiero highlights the potential for significant revenue growth by 2026.
NYK has signed a memorandum of understanding with Hokkaido Electric Power to explore onboard carbon capture and storage technologies. This collaboration will focus on a demonstration project in Tomakomai, Japan, targeting the decarbonization of maritime transport through innovative equipment on the Pirika Moshiri Maru, enhancing environmental performance.
Kongsberg Maritime has been awarded a contract by Consórcio Marenova to design four handy-size product tankers for Petrobras Transporte, valued at over $31 million. These vessels, measuring 150.6 meters long, will feature advanced systems and be ready for methanol and ethanol, emphasizing innovation and sustainability in Brazil’s shipbuilding industry.
Matson, Inc. has partnered with WhaleSpotter Corp to implement a cutting-edge whale detection system developed by the Woods Hole Oceanographic Institution. This innovative technology utilizes thermal imaging and AI for real-time monitoring, allowing vessel crews to detect whales up to three nautical miles away, significantly reducing the risk of whale strikes.
Neiox Eco Cycle has secured a ₹75 lakh prototyping grant from Cochin Shipyard Ltd under the USHUS Maritime Innovation Scheme. This funding, awarded at IIM-Kozhikode, will support the development of a sustainable, non-toxic marine hull coating that enhances fuel efficiency and protects marine ecosystems, showcasing Kerala’s commitment to sustainable innovation.
A new EU-funded project led by VTT has successfully tested a groundbreaking solution to extend 5G network coverage and capacity beyond coastal areas, improving communication, safety, and passenger experiences in maritime operations. This project showcases Finland’s expertise in 5G technology and represents a significant advancement for the shipping industry.
