Companies and Market

French container shipping company CMA CGM has confirmed its intention to acquire Singapore-based global container shipping firm Neptune Orient Lines (NOL) in an all-cash voluntary conditional general offer for all outstanding shares. CMA CGM has priced each NOL share at S$1.30 in cash which represents a 49% premium to NOL’s ...

The Austria-based Palfinger Group is planning to complete a 100% acquisition of Herkules Harding Holding, including its subsidiary, Harding Group, a supplier of lifesaving equipment and lifecycle services for maritime installations and ships. The signing of the acquisition will take place in the coming weeks, subject to the outcome of ...

Germany-based Caterpillar Marine’s Cat Asset Intelligence software has been selected by Crowley Maritime to be installed into one if its vessels. Crowley’s tugboat, Guide will be installed with Caterpillar Marine’s custom vessel monitoring and diagnostics solution, which will perform 24/7 monitoring of its main engines, generators, thrusters, and key systems. ...

Rolls-Royce has been selected by Italian yacht builder Benetti to deliver their advanced propulsion equipment that makes use of carbon fibre material for the first time. The contract involves the delivery of a series of thrusters scheduled to take place over the next three years to RINA Rules for Classification ...

Singapore-based Neptune Orient Lines’ unit, APL has announced a reduction of its fleet carbon dioxide (CO2) emissions by 45.5% in 2015, marking APL’s highest CO2 emission reduction in the last six years. According to the Clean Cargo Working Group (CCWG) verification protocol and ISO14064-3:2006 standard, Lloyd’s Register Group has verified ...

Ship Data Centre (ShipDC), a subsidiary of ClassNK, has announced that its database service will now receive marine weather information from the Japan Weather Association (JWA). JWA offers big data marine weather information including meteorological and oceanographic phenomena, allowing a vessel to modify its route in a bid to achieve ...

Power and automation technology firm ABB has been selected to power a Chinese polar science research icebreaker with its Azipod propulsion system. The Polar Research Institute of China ship, built in China will be equipped with ABB’s two Azipod VI units wihich provide a combined power of 15 MWs. Polar ...

GE Marine Solutions has been selected to deliver auxiliary electric systems to Maersk Line, marking the company’s entry into the container ship industry. The delivery package includes GE’s Power Take Off / Power Take In (PTO/PTI) technology, which consists of two drives, two induction motors and a power management system. ...