Damen has received a contract from the Government of Ontario to provide full electric propulsion for two ferries.

The ferries currently serve Kingston and Wolfe Island, as well as Millhaven and Amherst Island.

Damen will install an automated mooring system and a charging system to power Road Ferry 6819 and 9819 ferries.

The electrification of the ferries will not affect the performance of the vessels, while the solution will reduce emissions, which are equivalent to seven million kilograms of carbon dioxide a year.

The Road Ferry 6819 has the capacity to carry 300 passengers and 42 cars, while the 9819 ferry can carry 399 passengers and 75 cars.

ABB has received a contract from Samsung Heavy Industries to equip two new AET shuttle tankers with future-proof solutions.

The tankers will feature ABB’s power and automation solutions, which are expected to enable the tankers to save up to 1,000t of fuel a year.

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Each vessel will also be fitted with ABB’s Ability Marine Remote Diagnostic System to reduce the on-call visits of service engineers and maintenance cost.

“The tankers will feature ABB’s power and automation solutions, which are expected to enable the tankers to save up to 1,000t of fuel a year.”

The power systems on-board the tankers will be controlled by ABB’s integrated power and energy management system (PEMS).

To be delivered in 2019, the two-skeg 125,000dwt vessels will be used to transport oil from Statoil fields on the Norwegian and UK continental shelves to land-based terminals.

DenEesti Ltd has secured investment from BPM Mezzanine Fund SICAV-SIF, SCA, and managing director of DenEesti.

BPM Mezzanine is a private equity fund managed by BPM Capital, while DenEesti is a provider of secure shore side and port services for the cruise industry.

Both the companies involved in the transaction are based in Estonia.

Wärtsilä has agreed to acquire Transas, a marine navigation solutions provider based in the UK, for €210m ($259m).

The transaction allows Wärtsilä to establish a digitally connected ecosystem managed by secure, smart and cloud-based applications.

Founded in 1990, Transas operates 22 regional offices globally, with its distribution network covering 120 countries.

The acquisition will enable Wärtsilä to accelerate its Smart Marine Ecosystem vision and support its goals to resolve inadequacies in the shipping industry.

DP World has acquired Peru-based company Cosmos Agencia Maritima (CAM) for $315.72m.

CAM owns two logistics service companies, Neptunia SA, and Triton Transport SA.

Concurrently, Hindustan Infralog Private (HIPL), a joint venture between DP World and India’s National Investment and Infrastructure Fund, has acquired 90% stake in Continental Warehousing.