Finland
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Dry Cargo
Iino Lines to install Norsepower rotor sail on coal carrier
Japanese shipping line Iino Kaiun Kaisha (Iino Lines) and J-Power have agreed to install Norsepower’s rotor sail on the 2016-built…
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Containers
CMA CGM drops Containerships brand name
CMA CGM has dropped the Containerships brand, with all of the Finish subsidiary’s services coming under the unified CMA CGM…
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Renewables
IKEA owner Ingka buys stake in OX2’s offshore wind projects in Finland
Renewable energy developer OX2 has sold a 49% stake in its three offshore wind projects in Finland to IKEA owner…
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Tech
DNV acquires cyber security firm Nixu
DNV is taking over cyber security specialist Nixu after acquiring ownership of more than 93% of the Helsinki-based firm in…
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Maritime CEO
Minna Kivimäki: What I would do as the next IMO secretary-general
In less than 10 weeks shipping will find out who its next chief regulator will be with voting for the…
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Renewables
Finland readies tenders for 6 GW of offshore wind
Finland is set to launch tenders for five offshore wind projects with a total capacity of 6 GW later this…
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Environment
Newbuild VLGC to get bespoke rotor sails installed
Finnish rotor sail manufacturer Norsepower has signed a contract to install two of its sails on a brand new very…
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Operations
Wärtsilä launches world-first radical derating solution for two-stroke engines
Engine maker Wärtsilä has introduced a new radical derating retrofit solution – Wärtsilä Fit4Power – to extend the emissions-compliant lifetime…
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Finance and Insurance
Norsepower scores $30m in fresh funding
Norsepower has secured €28m ($30.3m) in investment during its recently concluded fundraising round that should enable the Finnish marine wind…
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Tankers
Neste charters Terntank’s methanol and wind ready tankers
Finnish oil refiner Neste has signed a charter-in deal for a pair of Terntank’s methanol and wind assist-ready product tankers…
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Shipyards
Davie closes in on Helsinki Shipyard purchase
Davie, Canada’s largest shipbuilder, is in final negotiations to buy the Russian-owned Helsinki Shipyard, a facility hit by western sanctions.…
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Tankers
Terntank bolsters NEOT ties with charter deal for wind and methanol ready tanker newbuild
Tanker operator Terntank is expanding its long-standing partnership with Finland’s North European Oil Trade (NEOT) through a new time charter…
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Containers
Boxships first to feature Wärtsilä carbon capture-ready scrubbers
Finnish marine technology group Wärtsilä has received its first order for carbon capture and storage (CSS)-ready scrubbers for delivery in…
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Offshore
Maersk Supply Service teams with Nokia’s ASN for Petrobras contract
Denmark’s Maersk Supply Service and Alcatel Submarine Networks (ASN), part of Nokia, have won a contract from Petrobras for the…
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Tech
300 jobs at risk as Wärtsilä reshuffles Voyage business
Finnish marine technology firm Wärtsilä will cut up to 300 jobs as part of its plan to streamline its Voyage…
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Environment
Norsepower gets state funds to expand
The Finnish Climate Fund has decided on a capital loan of up to EUR10m ($10.85m) to rotor sail manufacturer Norsepower…
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Renewables
OX2 unveils 1.4 GW offshore wind scheme in Finland
Stockholm-based developer OX2 has started the development of the Tyrsky offshore wind farm in the Gulf of Bothnia in the…
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Tankers
Socatra lines up MR2 tanker for rotor sail treatment
French shipowner Socatra has contracted Finnish marine wind propulsion system designer Norsepower for the retrofit installation of two rotor sails…
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Renewables
Vattenfall to build Finland’s first large offshore wind farm
Sweden’s Vattenfall has partnered with Finnish state-owned enterprise Metsähallitus to build and operate Finland’s first major offshore wind farm. The…
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Ports and Logistics
GAC acquires ESL Shipping’s agency business in Sweden
Global shipping, logistics and marine services provider GAC has acquired the agency business of Finland-based ESL Shipping’s Swedish subsidiary Norra…
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