Volvo delivered an hybrid vessel to explore Svalbard archipelagoNorth of mainland Europe, it is about midway between the northern coast of Norway and the North Pole (Wikipedia). Volvo Penta is running a pilot project with Svalbard’s oldest tourist operator, Hurtigruten Svalbard, to test a state-of-the-art hybrid Marell M15 vessel called Kvitbjørn (’Polar Bear’ in English) that will change how tourists experience this natural wonder, delivering near-silent operation and creating a more enjoyable experience for tourists and wildlife alike.
deadly Conception dive boat fire, the U.S. Coast Guard is issuing an interim rule as the first step to implementing statutorily mandated requirements for fire safety on certain covered small passenger vessels. This interim rule adds additional fire safety requirements for small passenger vessels, including fire detection and suppression systems, avenues of escape, egress drills, crew firefighting training, watchmen monitoring devices, and the handling of flammable items such as rechargeable batteries.
The repurchase program will be funded using the company’s working capital. The Board of Directors of Vision Marine Technologies, maker of the E-Motion electric outboard powertrain, has authorised a stock buyback of up to 10% of the company’s common shares via privately negotiated transactions and open market purchases.
Full acquisition of remote monitoring firm to be completed by end of this year. Yamaha Motor USA has announced its intention to acquire remote monitoring and marine IoT systems manufacturer Siren Marine. Financial terms of the transaction were not disclosed.
Deal set to take industry’s electromobility development to the next level. Volvo Penta and Danfoss’ Editron division have signed a partnership agreement that it is claimed will drive the transformation towards sustainable power solutions within the marine industry while taking the industry’s electromobility development ”to the next level”. The partnership will help both companies take the next steps in sustainable power solutions to deliver the highest quality future-proof technology to customers and supports the Volvo Group’s commitment to the Science Based Targets initiative, made in May 2020. That announcement laid out the company’s next steps in adjusting and futureproofing in line with the ambitions of the Paris Climate Agreement. Meanwhile, Danfoss is currently looking to become CO2 neutral in all of its global operations by 2030.