Satellite data company Spire Global has reached an agreement to go public in a special purpose acquisiton company (SPAC) merger deal, joining forces with the publicly-listed investment vehicle NavSight Holdings.
F-drones, a Singapore-based startup developing large scale autonomous drones for maritime logistics, today announced its success in raising its seed capital. The round was led by Eastern Pacific Shipping (EPS), a world leading ship management company committed to green and technology-driven growth of the maritime industry. The round also saw participation from the Schulte Group, a reputed ship owner and manager with over 135 years of experience, through its venture arm – Innoport, along with SEEDS Capital, Entrepreneur First, Orient Ventures, Superangel and a few Singapore based angel investors.
Oilfield services company TechnipFMC has won a "substantial" contract by Petronas Carigali in Malaysia for the provision of subsea systems and associated equipment for the Limbayong deepwater development offshore Malaysia.
Building on previous efforts at testing a remotely controlled tugboat in Copenhagen harbor, a new project is launching to develop the world’s first commercial tug to be fully operated from a remote operation center onshore. Tug and towboat operator Svitzer will be working with Kongsberg Maritime and ABS in a project expected to run for several years to jointly develop RECOTUG.
The Maritime Union says Ports of Auckland needs to cut its losses and put its automation project on hold to alleviate pressure on New Zealand businesses.
Cardo Crew, an expert in global wireless intercom solutions that specialises in providing reliable, hands-free wireless intercom for teams on the move, has launched its new mesh communication solution that could transform Personal Protective Equipment (PPE) and dramatically improve communications and safety in the maritime sector.
SES Government Solutions (SES GS), a wholly-owned subsidiary of SES, today announced the award of a new portable maritime solution task order against the single-award Blanket Purchase Agreement (BPA) with the U.S. Department of Defense (DoD) for Medium Earth Orbit (MEO) low-latency High Throughput Satellite (HTS) services. The solution leverages the O3b MEO satellite constellation operating 8,000km away from Earth.
The Royal Navy’s experimentation division NavyX has welcomed a new autonomous vessel into its service. Named Madfox, it is based on the L3Harris Mast-13 vessel, which has been operated by the UK Defence Science and Technology Laboratory (Dstl) on a series of trials with the Royal Navy for the past 18 months.
Norwegian offshore drilling technology and equipment company Enhanced Drilling has, in partnership with offshore drilling contractor Transocean, developed a system called Enhanced Kick Detection (EKD), which enables rapid kick detection in drilling operations and gives the driller information regarding fluid gains and losses in operation, and reduces time spent on flow checking.
LYTT, an energy tech company, said Monday its technology has helped improve production up to 2,000 barrels per day (bpd) at BP's Clair Ridge offshore platform, west of Shetland, UK.
In its latest effort to expand its presence in maritime operations, China announced that it plans to build its largest maritime scientific research vessel. China State Shipbuilding Corporation (CSSC) and the Guangdong Institute of Intelligent Unmanned System agreed to build the vessel. Reportedly they plan to deploy the ship in the South China Sea.
A major port in northern Germany is using technology from Siemens to monitor energy use, with the cloud-based system collating a wide-range of data which could help teams there to improve operations.
Honourable Prime Minister Shri. Narendra Modi at the second edition of the ‘Maritime India Summit 2021 held early this month spoke about more than 574 port projects identified at a cost of 82 billion besides an array of initiatives in the pursuit of building India into the leading Blue Economy of the world. While the announcements reiterated the huge potential of the maritime sector, it also signalled the need to build a strategic roadmap to accelerate investments, drive digitisation while addressing the enduring issues the industry has been plagued with. This has become all the more germane today as the sector is competing with the large well-established players of the industry across affluent countries.