Swiss marine power company WinGD has signed a frame agreement with South Korea–based Panasia to retrofit in-service X-DF dual-fuel LNG engines with the latest emissions reduction and fuel efficiency technologies. The agreement, concluded during Kormarine 2025, aims to help ship operators lower operating costs and manage exposure to tightening maritime carbon pricing mechanisms. Partnership to
V.Ships, one of the world’s largest third-party ship management companies, has implemented OceanScore’s Compliance Manager to support its global fleet in meeting evolving European environmental regulations. The move comes as shipping companies face increasing administrative and technical requirements under the EU Emissions Trading System (EU ETS) and FuelEU Maritime framework. Addressing Growing Regulatory Complexity The
Varroc Engineering Limited has secured a major contract to supply high-voltage electronics for an electric vehicle (EV) manufacturer, strengthening the company’s presence in the fast-expanding global e-mobility market. Key Contract Components Under the agreement, Varroc will provide a suite of high-voltage systems for high-performance e-powertrain applications. The scope includes: Production will take place at the
Leaders from across the global shipping and logistics sectors have gathered in Hong Kong for Hong Kong Maritime Week (HKMW) 2025, the ninth edition of the annual industry event held from November 16–22 under the theme “Navigating to a Greener Future.” The week features more than 50 events organised by over 70 local and international
A global coalition led by the Global Centre for Maritime Decarbonisation (GCMD) has secured commitments of up to $35 million for the newly established Fund for Energy Efficiency Technologies (FEET), surpassing its initial fundraising target. The fund is backed by AIM Horizon Investments, the Development Bank of Japan (DBJ), ING, and DBS Bank. Positioned as
Wärtsilä has received a new order to supply an integrated hybrid propulsion system for a 9,500 DWT bulk carrier under construction at Royal Bodewes in the Netherlands for Norway-based Aasen Shipping. The contract, booked in Q3 2025, marks the sixth vessel in Aasen’s fleet to adopt a similar Wärtsilä technology package. Hybrid Propulsion to Support
COSCO Shipping Bulk, a subsidiary of China COSCO Shipping Corporation, has placed an order with Dalian Shipbuilding Industry Co. (DSIC), part of China State Shipbuilding Corporation (CSSC), for the construction of at least four clean fuel-ready bulk carriers. The agreement also includes options for up to ten additional vessels, signalling a potential major fleet expansion.
PortXchange has been shortlisted as one of three finalists in the Green Category of the European DIGITAL SME Awards, which recognise small and medium-sized enterprises developing digital tools that deliver measurable environmental benefits. The other two finalists in the category are Builtrix and Vaayu. The Green Category highlights digital solutions that demonstrate how technology can
Finland, November 19, 2025 – UPM, a global materials solutions company, has introduced a new solution for liquefied natural gas (LNG) carriers with the launch of WISA®-LNG Spruce plywood. The product is designed for insulation elements in LNG cargo tanks and aims to address growing market demand. Spruce plywood can now be used in LNG
Delhi, November 2025 – The Union Minister for Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal, along with Delhi Lieutenant Governor Vinai Kumar Saxena and Delhi Tourism Minister Kapil Mishra, reviewed the progress of the Yamuna Boat Tourism and Ferry Infrastructure Development Project. The initiative aims to introduce recreational boat cruises and ferry services on the