High Seas Technology

Italian shipbuilder Fincantieri on Thursday raised its full-year forecast on revenue to "above" 8 billion euros ($8.43 billion), from "about" previously indicated, boosted by all business segments.The Trieste-based vessel maker reported a nine-month core profit (EBITDA) a 19% rise to 328 million euros, while its January to September revenue stood at 5.58 billion euros, up 3.7% yearly.Fincantieri's nine-month order intake totalled 8.5 billion euros, more than double the orders acquired in the same period last year.($1 = 0.

Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.The volume of twenty-foot equivalent (TEU) containers moved by its 292 ships rose to 9.3 million metric tons in the nine months from January to September, up 5% from 8.9 million in the same period a year ago, the German company said."I don't see much of a change there in the fourth quarter," Hapag-Lloyd CEO Habben Jansen told Reuters after presenting nine-month earnings for the world's fifth largest container shipping group.Global container volumes have risen by 6.

BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of ships. The alliance will co-ordinate the voices of the ship recycling industry and the shipping industry and help facilitate the global implementation of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC).The HKC will enter into force in June 2025. This comes at a time when more than 15,000 ships are estimated to be recycled over the next 10 years and the need for compliant yards from main recycling states such as India, Bangladesh and Pakistan is critical.Today, only a minority of shipowners choose voluntary HKC compliant recycling.

Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on vessels powered by near-zero emissions e-fuels like e-methanol.The group known as the Zero Emissions Maritime Buyers Alliance wants to use the combined clout of its members, who have their own climate goals to meet, to create demand for e-fuels made with renewable electricity and carbon dioxide. Those fuels are in very short supply.The alliance wants to accelerate the ocean shipping industry's move toward net-zero greenhouse gas emissions by 2050, even as U.S.

American Commercial Barge Line (ACBL) and C&C Marine and Repair have christened the M/V ACBL Mariner, said to be the most powerful and capable towboat ever built for operations on the Mississippi River.The christening ceremony took place in New Orleans in the presence of Louisiana Governor Jeff Landry.The ACBL Mariner boasts 11,000 horsepower, and can push up to 64 barges up the river at one time. The vessel is 50 ft wide and 250 ft long, making it the largest inland towboat in the United States.Also, the ACBL Marine features 10 ft 4-inch propellers, the largest mounted on any inland boat in the country.“The ACBL Mariner represents our commitment to strength, innovation and sustainability.