Royal Boskalis Westminster N.V. (Boskalis) posted a net profit of $166.27m in the first half of 2016 compared to $345.5m in the year-ago period, the company announced in a statement.

Germany’s navigation system manufacturer Raytheon Anschutz has announced the launch of a new gyro compass, Standard 30 MF, the latest of the company’s Standard series compasses.

The Singapore-driven mass flow metering system (MFMS) is gaining wider acceptance, with ExxonMobil introducing its second independently accredited MFMS in Hong Kong onboard the bunker vessel, Anelly, the company said in a press release.

With the recent opening of a new Integrated Operations Center (IOC) in Singapore, ABB is looking to deepen its engagement with the global shipping fleet as it aims to connect more ships to its facility and to open another new center in the US.

The IMO is expected to decide on the implementation timing of the global 0.5% sulphur content cap for marine fuels in October this year, and the International Bunker Industry Association (IBIA) has outlined the potential implications of the regulation and options for the industry.

ABB has opened its new Integrated Operations Center in Singapore, the third facility of its type, central to the company’s ability to connect remotely to hundreds of ships around the world.

Singapore’s homegrown maritime technology firm Ascenz Solutions has broadened its suite of operational risk intelligence solutions, and is making preparations to venture into the European market.

Helsinki-based Neste is planning to launch a low-sulphur marine fuel which has a significantly higher viscosity than the currently available products at end-2017.

The Japanese government has launched a feasibility study for LNG bunkering in the port of Yokohama, making this the first LNG bunkering facility development project in Japan.

Maritime piracy and security are not as hot a topic as they were a few years ago, but anyone in the industry who thinks these problems have been solved are deluding themselves.

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