Insurance, Legal & Finance

VESSELS

VESSELS

Candela has raised an additional $14M in funding which will help scale production of its P-12 electric ferry to meet growing global demand.

25th November 2024

Candela funding to scale up electric ferry production

25th November 2024

ENVIRONMENT

ENVIRONMENT

Firm contracts have been issued to offshore engineering firm Cadeler for wind projects off the UK coast.

8th November 2024

Cadeler wins contracts for up to €380 million

8th November 2024

ENVIRONMENT

ENVIRONMENT

The results of an offshore wind energy lease sale in the Atlantic Ocean’s Gulf of Maine have been announced, with two companies winning bids to develop four lease areas between them.

4th November 2024

$22 million in US offshore wind bids announced

4th November 2024

INDUSTRY NEWS

INDUSTRY NEWS

Reach Subsea has announced the award of more than €14 million from the EU Innovation Fund, which has given out more than €500 million recently.

30th October 2024

EU hands €14.3 million to USV developer

30th October 2024

INDUSTRY NEWS

INDUSTRY NEWS

Seafarers working in the UK will gain enhanced protections against rogue employers as the Employment Rights Bill is introduced to parliament this week.

11th October 2024

UK govt steps in to protect seafarers

11th October 2024

VESSELS

VESSELS

Alicat Workboats has won a financial package and a contract to build two offshore wind vessels for Turkey.

8th October 2024

Workboat builder wins contract with £2m finance

8th October 2024

VESSELS

VESSELS

DRIFT Energy, a British start-up focused on harnessing ocean wind to produce green hydrogen at sea, has successfully closed its seed funding round to propel the development of its innovative green hydrogen vessel…

28th August 2024

DRIFT Energy secures funding for green hydrogen vessel

28th August 2024

VESSELS

VESSELS

UK-based NR Marine Services has boosted its fleet with another newbuild from Diverse Marine that was launched and displayed at Seawork in June.

31st July 2024

Diverse hands over CTV on show at Seawork

31st July 2024

MARINE CONSTRUCTION

MARINE CONSTRUCTION

The EU says it will invest a record €7 billion in transport infrastructure, including around 20 European ports.

22nd July 2024

EU pledges record funding for port infrastructure

22nd July 2024

INDUSTRY NEWS

INDUSTRY NEWS

Financial help for the maritime sector is being strengthened by Bibby Financial Services with the appointment of six additional staff in its Marine Finance arm.

22nd July 2024

Bibby boosts maritime finance provision

22nd July 2024

ENVIRONMENT

ENVIRONMENT

Mainprize Offshore has expanded its crew transfer vessel (CTV) fleet thanks to a €25 million loan from Siemens Financial Services (SFS).

11th July 2024

Mainprize expands CTV offering

11th July 2024

INDUSTRY NEWS

INDUSTRY NEWS

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.

20th June 2024

Insurance crisis looms for Europes inland waterways

20th June 2024

INSURANCE, LEGAL & FINANCE

INSURANCE, LEGAL & FINANCE

Marine contractor Van Oord says it ‘regrets’ an incident in which its Vox Maxima dredger allided with the bunker vessel Marine Honour, rupturing an oil cargo tank and spilling the contents overboard.

20th June 2024

Van Oord ‘regrets’ oil spill after dredger hits tanker

20th June 2024

INDUSTRY NEWS

INDUSTRY NEWS

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.

3rd June 2024

British Isles takes top spot for shipping incidents

3rd June 2024

INSURANCE, LEGAL & FINANCE

INSURANCE, LEGAL & FINANCE

Vessel insurance has to be shipshape to avoid crippling penalties, says head of Haven Knox-Johnston Commercial Malcolm Stewart in an interview with Maritime Journal, with claims for corporate manslaughter being a very real…

15th May 2024

PODCAST: Rising claims mean insurance must be shipshape

15th May 2024

INDUSTRY NEWS

INDUSTRY NEWS

Port of Aberdeen achieved a record-breaking financial performance for 2023, buoyed by the opening of its transformational South Harbour expansion.

14th May 2024

Major expansion boosts Port of Aberdeen financials

14th May 2024

MARINE CONSTRUCTION

MARINE CONSTRUCTION

Jan De Nul Group ended 2023 ‘far exceeding expectations’ thanks to a strong performance in its maritime divisions.

10th May 2024

Maritime propels Jan De Nul to record turnover

10th May 2024

INDUSTRY NEWS

INDUSTRY NEWS

Two of the biggest names in maritime have announced a joint financing facility specifically aimed at workboats.

8th May 2024

Damen and Siemens unveil vessel financing scheme

8th May 2024

INDUSTRY NEWS

INDUSTRY NEWS

 Salvors and those for whom salvors’ services are vital gathered at the annual International Salvage Union Associate Members’ Day in London.

24th April 2024

Value of what’s saved overrides cost of saving it – ISU

24th April 2024

INDUSTRY NEWS

INDUSTRY NEWS

Export Finance Norway (Eksfin) is providing loan financing of €525 million to Ørsted of Denmark, for work on one of the largest offshore windfarm projects in the UK.

18th March 2024

Norwegian investment for Hornsea 3 windfarm

18th March 2024