Danish shipping company TORM is installing scrubbers to its vessels, allowing them to continue running on high sulfur fuel oil after the International Maritime Organization's marine fuels sulfur limit is cut in 2020.

Kongsberg Maritime said it has been awarded contracts with Chinese shipbuilder Nanjing Jinling Shipyard Co. to deliver power and hybrid systems to nine Roll on – Roll off (Ro-Ro) vessels ordered by Grimaldi Group, Italy.

Damen Shipyards Galati has delivered over 1,300 vessels during proud history! On 15th August, Galati yard held a party for the annual celebration of Ziua Navalistului – Shipbuilder’s Day.

Spectre, the ninth James Bond-inspired yacht commissioned by John Staluppi, has been launched by Benetti in Italy.

Rolls-Royce has been delivering energy storage systems for ships since 2010, but the actual energy storage units were previously supplied by an external party. The company announced today it is launching its own lithium-ion based energy storage system.

South Korea maintained its number one ranking in the global shipbuilding market in July. The South Korean yards were responsible for almost half of all new orders placed in July 2018.

Dubai-based shipping company Gulf Navigation Holding (GulfNav) is upgrading its fleet with new technologies that will help reduce the vessels’ fuel consumption and prepare them for new environmental regulations.

Yesterday, for the third time since the inauguration of the Expanded Canal, the Panama Canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) after facilitating the transit of 1,231 vessels in May 2018.

The biennial international maritime trade show Posidonia 2018, which celebrates its 50th anniversary since its inception, was officially opened this evening in Athens, Greece.

A month after the delivery of Tui Cruises’ New Mein Schiff 1, the next ship in line, New Mein Schiff 2, has been floated out at Meyer Turku shipyard in Finland.