Insurance, Legal & Finance
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NewsDRIFT Energy secures funding for green hydrogen vessel
A British start-up focused on harnessing ocean wind to produce green hydrogen at sea has met its seed funding round.
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NewsDiverse hands over CTV on show at Seawork
UK-based NR Marine Services has boosted its fleet with another newbuild from Diverse Marine, launched earlier this year and on show at Seawork in June.
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NewsEU pledges record funding for port infrastructure
The EU says it will invest a record €7 billion in transport infrastructure, including around 20 European ports.
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NewsBibby boosts maritime finance provision
Bibby Financial Services has appointed another six people in its Marine Finance arm to streamline its support for the maritime sector, it says.
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NewsMainprize expands CTV offering
Mainprize Offshore has expanded its crew transfer vessel fleet thanks to a €25 million loan from Siemens Financial Services
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NewsInsurance crisis looms for Europe's inland waterways
European inland waterways could be facing an insurance crisis as operation licence extension ends, placing more than 7,900 vessels at risk, warns Armand Lans, senior broker at FDR.
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NewsVan Oord ‘regrets’ oil spill after dredger hits tanker
A clean-up is under way in Singapore after the Dutch firm Van Oord’s dredger crashed into an oil tanker at berth and ruptured an oil tank.
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NewsBritish Isles takes top spot for shipping incidents
Most shipping incidents over the past 10 years have occurred around the British Isles, the annual Allianz Commercial Safety and Shipping Review for 2024 has found.
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NewsMajor expansion boosts Port of Aberdeen financials
The port’s financials have been bolstered by its transformational South Harbour expansion
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NewsMaritime propels Jan De Nul to record turnover
Jan De Nul Group ended 2023 ‘far exceeding expectations’ thanks to a strong performance in its maritime divisions
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NewsDamen and Siemens unveil vessel financing scheme
Two of the biggest names in maritime have announced a joint financing facility specifically aimed at workboats.
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NewsValue of what’s saved overrides cost of saving it - ISU
On its annual Associate Members’ Day, the president of the International Salvage Union stressed that the focus should always be on the value of what can be saved rather than the cost of saving it.
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NewsNorwegian investment for Hornsea 3 windfarm
The UK is a key market for Norwegian offshore wind suppliers and for their financers.
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NewsNorthStandard looks to AI for safer navigation
NorthStandard is partnering with Orca AI to offer its members the benefits of automated safety
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NewsContainer losses at sea: Report
As the size and cargo capacity of seagoing vessels increase, so does the risk of loss. A study by marine insurance group Gard points out some of the risk factors.
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NewsHydor expands small vessel insurance reach
Norwegian specialist marine insurance MGA Hydor has taken a further step into smaller commercial vessel insurance with the acquisition of UK-based MGA Coastal Marine Services.
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NewsDiverse begins its second Typhoon Class CTV build
The Typhoon Class CTV is available under the Diverse Marine Client Finance Programme
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News€4 million handed to maritime battery developer
Investors appear confident in the future of maritime battery technology, handing Dutch developer EST-Floattech €4 million to progress its technology.
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NewsRAD Propulsion announces £1m funding
Marine electric product company RAD Propulsion has announced a £1 million (€1.1 million) boost from robotic and remote technology firm Ocean Infinity.
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NewsA joined-up approach to European commercial underwriting
Alta Signa has launched a new European marine underwriting business
