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Iranian claims that U.S. tried to detain tanker false, Pentagon says

The Pentagon on Wednesday rejected claims by Iran’s Revolutionary Guards that they thwarted an attempt by the United States to detain a tanker carrying the Islamic Republic’s oil in the Sea of Oman. “I’ve seen the Iranian claims, they are absolutely totally false and untrue … it’s a bogus claim,” Pentagon spokesman John Kirby (NYSE:KEX) …

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AmmPower Michigan facility goes into its first ammonia production

Vancouver-based resource exploration company AmmPower says the production of the first laboratory quantities of ammonia at its recently opened facility in Southeast Michigan is on its way. Courtesy of AmmPower AmmPower says it has an increasing focus on clean energy. This event marks the launch of AmmPower’s ammonia catalyst and process development programs that will …

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INTERCARGO: Acceleration of R&D needed to reach shipping’s 2050 target

As the world considers the harsh realities highlighted by COP26, the International Association of Dry Cargo Shipowners (INTERCARGO) has warned that shipowners can deliver the target of net-zero emission shipping by 2050 but only with an acceleration in the commercial development of relevant technologies, fuels, propulsion systems and related infrastructure. “INTERCARGO fully supports the drive …

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U.S. DOE awards $10 million to new marine energy research centre

A consortium of academic institutions, including the University of New Hampshire (UNH), Stony Brook University, Lehigh University and Coastal Studies Institute, has formed a new research and development centre focused on ongoing needs for sustainable renewable ocean energy. Illustration (Courtesy of U.S. DOE) Atlantic Marine Energy Centre (AMEC) will be one of only four National …

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As Climate Change Impacts Major Industries Globally, Sofar Ocean Secures $39M Series B to Accelerate its Ocean Intelligence Platform to Drive Climate Mitigation and Adaptation

Sofar Ocean, the world’s largest ocean intelligence platform, announced today it has secured a $39 million Series B syndicate round with Union Square Ventures (USV) and the Foundry Group. With this funding, Sofar will further scale its technology platform and grow its team across key regions worldwide. The funding empowers the team to execute its …

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GP General Procurement Company Limited Announces New Member In Procurement Pool: Vroon Group

GP General Procurement Company Limited (GenPro) has announced that it has been selected by Vroon Group to serve as preferred provider for its commercial and maritime procurement. Vroon Group, registered in the Netherlands and with its head office in Breda, is a shipping company that provides seagoing transportation services and engineering and support solutions through …

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Fero announces that it has secured $ 1.1 million in funding

Fero, a cloud-based RPA and ERP-products company that has created TiA, the World’s 1st Intelligent Virtual Assistant for Supply Chain, is announcing the successful closure of the fundraising of $1.1 million from a boutique institutional investor and various prominent angel investors. Fero provides an ecosystem of Transport ERPs and TiA – Transport Interactive Assistant, a …

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KCC to boost green initiatives with multi-million dollar private placement

Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, has completed an equity private placement with gross proceeds of NOK 213 million (approximately $25 million) to fund energy efficiency initiatives on its current fleet. As informed, the program is aimed at delivering significant cuts in carbon emission and further strengthening KCC’s decarbonisation …

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