Jamey Bergman

3 days ago | rivieramm.com | Jamey Bergman

Avikus and ZeroNorth have entered into a strategic partnership that aims to combine Avikus’ Level 2 autonomous navigation system with ZeroNorth’s voyage and vessel optimisation platform. The companies said the integrated system will automatically adjust the vessel’s speed and route and implement smart collision avoidance using real-time weather and fuel consumption data, along with navigation instructions.

3 days ago | rivieramm.com | Jamey Bergman

The former MAN Energy Solutions is now operating under a new name and has become ‘Everllence’. The new brand identity applies worldwide, according to the company. Everllence will remain under the Volkswagen Group umbrella of companies, and the portfolio of products and services is unchanged. Everllence chief executive Uwe Lauber unveiled the new company nameplate at headquarters in Augsburg, Germany on 4 June.

4 days ago | rivieramm.com | Jamey Bergman

Three-tank LNG carrier designKR has also signed a memorandum of understanding (MOU) with Samsung Heavy Industries (SHI) on June 4 at Nor-Shipping 2025 in Oslo to jointly develop a 174,000㎥ LNG carrier featuring three cargo tanks. "Despite the ongoing trend toward larger vessels across all ship types, the 174K LNG carrier remains the standard design in the global LNG shipbuilding market, with dozens of orders placed annually," KR said.

5 days ago | rivieramm.com | Jamey Bergman

Höegh Autoliners has agreed to ’upcycle’ some of its vessels at the end of their lives in a Norwegian government-backed deal that participants hope will make both ship recycling and construction practices greener. The project, valued at NOK1.3Bn (US$128M), is being led by Norwegian steel upcycling start-up Nordic Circles, which describes the difference between upcycling and recycling steel as "making new products without melting it".

6 days ago | rivieramm.com | Jamey Bergman

Flex LNG has initiated a lease refinancing programme for a trio of its LNG carriers. In the first transaction, the company used US$175M in JOLCO lease financing for the vessel Flex Courageous. The refinancing generated net proceeds of approximately US$42M, extended debt maturity to 2035 and reduced the cost of debt by approximately 1.5% per annum, according to the John Fredriksen-backed company.