MARINE BUSINESS NEWS
NEWS UPDATE
30 August 2024
Publishers note
I mentioned before that I sometimes struggle with deciding which news and stories to publish, and which to leave out. While Marine Business News primarily focuses on the recreational marine industry, I have increasingly been contacted to share news about larger commercial vessels for reasons that are not entirely clear.
Initially, my inclination was to avoid publishing them, and for the most part, I have. However, I recall a story I heard many years ago that mentioned something along the lines of how developments in Formula One racing ultimately benefit the everyday cars you and I drive today.
At times, these stories involve information about advances in on-water technology, such as investments in alternative fuels or energy production, among other subjects. I don’t believe our industry is so insular that it doesn’t want to learn about what others are researching, developing, and testing. While large commercial shipping cannot be compared to Formula One racing, the money, efforts, and investments certainly create interest in what they are doing. And you never know what we can learn.
Every story we publish is categorised, allowing our readers to search through our now over 3,600-story strong library. A couple of months ago, we added a category called "shipping," and this is how we will tag these stories that we feel could be of interest to our more inquisitive readers.
Two stories typical of this appear in this week's news: one regarding a cargo ship fitted with an advanced Wind-Assisted Propulsion System, and the second about a vessel operating a dual-fuel engine capable of running on ammonia.
Marine Business News is an Australian-owned marine industry news service publishing local and international news. If you have news stories you would like to share, please let us know by contacting our newsroom via our email at NewsRoom@MarineBusinessNews.com.au.
Stay safe on the water,
Domenic Genua - Publisher
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AIMEX Announces ASMEX 2025 Conference Dates
Australian Marine Export Group (AIMEX) and Superyacht Australia has announced that the dates for the ASMEX 2025 Conference have been confirmed as Monday 19 to Wednesday 21 May 2025. The Conference will continue to be held at the Sanctuary Cove InterContinental Resort on the Gold Coast, Australia.
Marine Lifestyles and Evoy Deliver High Output Electric Boat Motors
Marine Lifestyles announced recently at a launch event at Sydney Seaplanes Empire Lounge in Rose Bay that it had been appointed by Evoy® as their dealer for Australia, New Zealand and the Pacific region. Marine Lifestyles, based in Sydney and Perth, Australia, has been appointed for the commitment it shares with Evoy® to accelerating the transition to emission free, blissfully quiet and sustainable boating.
39th Edition of Hamilton Island Race Week Comes to a Close
The final day of on water action at Hamilton Island Race Week 2024 pushed all the way to the wire, with match racing finishes pushing right to the end in multiple divisions as placings remained in contention across all divisions. It was a fitting end to a great Race Week, with the 2000 sailors, 22 volunteers and locals embracing the event in its full scale, from the racing to the on shore community and spirit.
Edencraft hosts Boating Careers Industry Immersion Day
Edencraft recently hosted an inspiring event aimed at fostering the next generation of marine industry professionals. As part of Boating Careers Industry Immersion Day, a group of enthusiastic students visited Edencraft’s factory to explore the multifaceted world of boat building.
A Tribute to the Australian Sailing Team
Because I enjoy the Olympics so much and have sponsored our sailing teams for so long, I started writing a tribute to our team about four Olympics ago. I have done it each Olympics since and am doing it again, with the added insight of being the Australian Sailing President and having been there in Marseille for the event.
Building long term connections at the 2024 Australia Fiji Rendezvous
With a goal of bringing together marine industry representatives from across the Pacific, the Australia Fiji Rendezvous offers an opportunity to strengthen connections between the international superyacht community to foster and develop long-term relationships that will be mutually beneficial for everyone involved.
New CEO takes the helm at AMSA
The Australian Government has welcomed Ms Kaylene Dale as the new Chief Executive Officer of the Australian Maritime Safety Authority (AMSA), starting on 1 October 2024. Ms Dale brings extensive experience in Commonwealth regulatory settings and with the maritime sector.
First ever cargo vessel with wind assisted propulsion at SMM with bound4blue
This year’s SMM (International maritime trade fair, 3 – 6 September 2024) will be the first major maritime event to host a vessel featuring an advanced Wind Assisted Propulsion System (WAPS), with the 2,850 dwt Eems Traveller sailing in to dock at Überseebrücke, Hamburg, for the 3rd and 4th September.
Women at the top at Hamilton Island Race Week
The 39th Edition of Hamilton Island Race Week has marked an increase in female representation in key roles on boats, from skippers to navigators and plenty of female crew out on the water. Rhumb Runna competing in the Trailable Yacht Division, features an all female crew of Hamilton Island locals who have elected to not have one person as skipper but instead share the role between them.
Will Smith watches his team take maiden win at E1 Lake Como GP
Hollywood's Will Smith witnessed his team, Westbrook Racing, seal a historic first victory at the E1 Lake Como GP presented by Villa d’Este. The actor’s team, which competes in the UIM E1 World Championship, the world’s first all-electric raceboat series, fended off tennis icon Rafael Nadal’s outfit – Team Rafa – as the Spaniard watched the action unfold next to Smith at lakeside.
Advanced Navigation Fuels Orient Express in the high-stakes America’s Cup
Advanced Navigation, a global leader in robotics and navigation technology, has been selected by the Orient Express Racing Team as its navigation provider for the prestigious 37th America’s Cup. The America’s Cup will gather sailing teams from NZ, France, the UK, Switzerland, Italy and USA in an adrenaline-fueled, first-to-seven-wins race series. Orient Express, led by Stephan Kandler and Bruno Dubois, co-partners of K-Challenge, will represent France.
Ocean Alliance Launches Innovative Charter Experience Platform
Australian superyacht charter firm, Ocean Alliance, has introduced the Charter Experience Hub, an interactive online platform to transform the charter planning process. The Charter Experience Hub centralises all aspects of the charter planning process, reducing reliance on cumbersome email exchanges and ensuring seamless communication between brokers, charterers, captains, and crew.
Game-Changer for Sustainable Shipping: World’s First Ammonia-powered PSV
Shipowner Eidesvik Offshore and partners will make “Viking Energy” the world’s first ammonia-powered platform supply vessel. In 2026, the vessel will operate on ammonia for Equinor, reducing GHG emissions by 70 percent or more. With €5 million in EU support, the Apollo project will see a dual-fuel engine able to operate on ammonia installed in Viking Energy.
ICOMIA had a strong presence at the recent New Zealand Marine Industry Conference
Peter Busfield expressed his enthusiasm at the opportunity for members to gain a global perspective on the marine industry from Joe Lynch, plus ensuring key topics such as sustainability and the crucial need to adopt AI to stay competitive. The conference also featured presentations on current immigration laws, cyber security insurance, business mentoring services, free trade agreements, and guidance on navigating the current economic climate, ensuring that delegates derived maximum value from their time.
Running updates for the Louis Vuitton Preliminary Regatta
As the sun set in Barcelona on a memorable Louis Vuitton Preliminary Regatta, it was Emirates Team New Zealand spraying the Moët & Chandon champagne as winners, after an enthralling and epic, super-tight final battle with Luna Rossa Prada Pirelli. Undoubtedly the race of the regatta, we saw match-racing of the highest order with the finest helmsmen on both teams going head-to head in a race where no quarter was given right from the start.
