Nautilus Secures $11M in 'AI' Funding
Nautilus, the company building artificial intelligence for the maritime shipping industry, has announced $11M in Series A funding led by M12, Microsoft’s venture fund, along with Root Ventures. Existing and new investors including Quiet Capital, Trail Mix, and Amplifier Lab participated in the round, which brings Nautilus’ total funding raised to $14.5M.Nautilus was founded in 2016 to advance the efficiency of maritime shipping and build a more sustainable future for ocean commerce.
TOP Ships Takes Delivery of Suezmax Eco Tanker
TOP Ships announced that it took delivery of the 157,000 dwt newbuilding Suezmax vessel M/T Eco Bel Air, constructed at the Hyundai Samho shipyard in South Korea.Evangelos Pistiolis, the President, Chief Executive Officer and Director of the company, said: “The delivery of the M/T Eco Bel Air marks our comeback in the Suezmax tanker segment after almost 11 years. As of today, the total tonnage of our fleet on the water is 737,000 deadweight tonnes and our fleet has an average age of two years.
Wärtsilä Completes Sea Trials for SceneScan System
The technology group Wärtsilä has successfully completed sea trials of its SceneScan system, the world’s first ‘targetless’ dynamic positioning (DP) laser sensor. This state-of-the-art technology requires no reflector target to be deployed, thereby increasing both safety and operational uptime. The technology has been developed by Guidance Marine, a Wärtsilä company.The tests were carried out onboard the Topaz Citadel…
Port Hedland Iron Ore Shipments to China Dip
Iron ore shipments to China from Australia's Port Hedland terminal fell more than 8 percent in March from a month earlier, port data released on Friday showed.Iron ore shipments to China from the world's biggest iron ore port totaled 30.7 million tonnes in March, compared with February's 33.5 million metric tons, the Pilbara Ports Authority said.Port Hedland is used by three of Australia's top four iron ore miners…
Wisdom Marine Adds Newbuild
Taiwanese shipping company Wisdom Marine Lines has taken delivery of a 34,000 dwt bulker newbuilding.The newbuild Bulker, MV Daiwan Miracle, was handed over to Wisdom Marine in Japan on April 2…
SCPA Reaches Record Volumes
South Carolina Ports Authority (SCPA) announced the strongest March in its history and more than 11 percent fiscal year-over-year growth.SCPA moved 214,123 twenty…
Jiangsu Wuxi Shipyard Delivers Tug Lima
Chinese shipbuilder Jiangsu Wuxi Shipyard delivered the ship-assist tug Lima, a Robert Allan RAmparts 2400-W design to TRAMARSA, a maritime and port operations company…
Progress in Brazil Repair Yard Project
The Brasil Basin Drydock Company (BBDC), a joint venture of McQuilling Services and Promon Engenharia, is setting up an industrial facility that will drydock and…
Foss Newbuild Tugs Feature MTU Engines
Nichols Brothers Boat Builders has set an aggressive time table to deliver four 90-short ton bollard pull tugs to Foss Maritime that represent the company’s push…
Naval Innovation Hub Launched
France's Naval Group has announced the creation of its Naval Innovation Hub to promote disruptive innovation to adapt to the acceleration of innovation cycles and…
PSA Group Appoints Peter Voser as Chairman
PSA International, one of the world's largest port operators, announced that Peter Voser, currently Deputy Chairman, is taking on the role of Group Chairman of…
Grovfjord Wins Green Boat Order from Oslo Port
Norway's leading cargo and ferry port, the Port of Oslo has placed an order to build one of the world’s most environmental efficient working boats possible, with…
ABS AIPs for Hudong-Zhonghua Gas Carrier Design
The global provider of classification and technical advisory services to the marine and offshore industries ABS has granted Approval in Principle (AIP) to two new…
Cosco Intros Guangzhou Supply Chain Platform
The global ports operator Cosco Shipping Ports signed investment agreement of Cosco Shipping Ports Supply Chain Project with Guangzhou Nansha Economic and Technology…
Rystad Expects Oil Price Rally in H1 of 2020
The energy research and business intelligence company Rystad Energy expects that a short-lived price rally through the first half of 2020 as oil prices approach…
Drewry Cautiously Optimistic on Container Shipping
The container Shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers…
Global Boatworks Sells Luxuria
Florida-based Global Boatworks Holdings, builder of luxury floating vessels, announced that it has entered into a contract to sell the Luxuria I, the first of its…
Teekay Secures Loan for Shuttle Tanker Newbuilds
International midstream services provider, Teekay Offshore Partners announced that it has secured a new $414 million long-term debt facility that will be used to…
WMU on Women Empowerment in Maritime Community
World Maritime University (WMU) International Women’s Conference, Empowering Women in the Maritime Community was held in Malmö, Sweden (4-5 April), reflecting this…
W&O Wins USCG OPC Valve Deal
W&O won a subcontract from Eastern Shipbuilding Group (ESG) for the United States Coast Guard Offshore Patrol Cutters (OPC), Coast Guard Cutter ARGUS (WMSM-915)…
