Kongsberg Maritime introduces K-Sail to support WAPS uptake
K-Sail is described as an 'advanced' technology platform that aims to enhance vessel operations and decision-making while driving efficiency across fleets.
K-Sail is designed to simplify the adoption of wind-assist technology for ship owners by focusing on integration and collaborating with various technology partners.
Kongsberg Maritime's expertise in maritime technology is claimed to be central to the new service.
The optimisation process is structured around five primary areas: first, an analysis phase that assesses the vessel's operational parameters to identify suitable sail technology.
Second is on steering optimisation to adjust the steering system for the additional thrust from the sails, and third is on propulsion optimisation to ensure the propeller functions efficiently with the new wind propulsion.
Fourth, power management to balance the energy generated by the sails with the vessel's requirements, and finally, voyage optimisation, which employs AI and real-time data to enhance route and speed for improved efficiency.
The K-Sail platform integrates sail management, vessel automation, and route optimisation into a cohesive system, providing operators with comprehensive control over wind-assisted performance without complexity.
Kongsberg Maritime Business Concepts vice president Henrik Alpo Sjoblom said: 'Ship owners can choose their preferred type of wind assist technology. There are several available and they all have their own attributes.
'However, to date, these technologies, whether incorporated in a new build, or retrofitted, are essentially an add-on technology. We believe they can be used in a much more effective way.'
Recently, Kongsberg Maritime, Solstad, Østensjø, DeepOcean, and Remota signed a memorandum of understanding (MoU) to initiate a pilot project assessing the feasibility of remote Dynamic Positioning (DP) operations in the offshore industry.
"Kongsberg Maritime introduces K-Sail to support WAPS uptake" was originally created and published by Ship Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Atlas Critical Minerals Files Technical Report Confirming High-Grade Rare Earths and Titanium Mineralization at Alto do Paranaiba Project
Near-Surface Mineralization Features Grades up to 28,870 ppm TREO and 23.2% TiO2 Across 68,550-Acre Property Belo Horizonte, Brazil--(Newsfile Corp. - August 19, 2025) - Atlas Critical Minerals Corporation (OTCQB: JUPGF) ("Atlas Critical Minerals" or the "Company"), an exploration company focused on critical minerals for defense applications and electrification, is pleased to announce the filing of a Technical Report Summary ("TRS") under the U.S. guidelines of Item 1300 of Regulation S-K ("Regulation S-K 1300") for its Alto do Paranaíba Rare Earth Elements and Titanium Project ("Project"), located in the western region of Minas Gerais State, Brazil. The TRS was prepared by SGS Canada Inc. ("SGS"), a premier mineral evaluation company, and validates the presence of high-grade mineralization for both rare earths and titanium. Geologists Marc-Antoine Laporte and Yann Camus from SGS are Qualified Persons for the Project under Regulation S-K 1300. SGS is well-known as a global leader in testing, inspection and certification of mineral properties and projects. The TRS was filed with the Securities and Exchange Commission and can be accessed at this link: The TRS validates the geological potential of the Alto do Paranaíba Project which spans 16 mineral rights 100% owned by the Company, all strategically positioned within the Mata da Corda Group formation known for the occurrence of both rare earths and titanium. The geological exploration of the Project has been divided into three groupings for mineral rights, for ease of logistics (Blocks 1, 2, and 3) as seen in Figure 1 of this release. Figure 1 - Exploration blocks of the Alto do Paranaíba Project. To view an enhanced version of this graphic, please visit: Key Highlights from the Technical Report High-Grade Surface Sampling Results (809 samples analyzed): 608 samples exceeded 1,000 ppm TREO 121 samples exceeded 3,000 ppm TREO 205 samples exceeded 10% TiO₂ Block 3 delivered the highest grades including 28,870 ppm TREO with 16.5% TiO₂ Select Drilling Intercepts from Initial 144-meter Auger Program (11 drill holes): DHTI-001: 12 meters @ 5,961 ppm TREO and 13.3% TiO₂ DHTI-002: 6 meters @ 7,729 ppm TREO and 12.5% TiO₂ DHCA-00001: 4.3 meters @ 4,706 ppm TREO and 15.1% TiO₂ Consistent High-Grade Mineralization Across All Blocks: Block 1 averages: 3,228 ppm TREO, 12.7% TiO₂, 760 ppm MREO Block 2 averages: 2,364 ppm TREO, 11% TiO₂, 522 ppm MREO Block 3 averages: 4,906 ppm TREO, 12% TiO₂, 1,352 ppm MREO Comprehensive Three-Phase Exploration Program The TRS recommends a strategic three-phase exploration program designed to advance the project toward initial resource estimates. Such program includes 13,000 meters of drilling across the three exploration blocks, comprehensive geophysical surveys including drone magnetometry and LiDAR, as well as metallurgical testing. "This initial Technical Report for our Alto do Paranaiba Project represents a major milestone for Atlas Critical Minerals," stated Marc Fogassa, Chairman and CEO of Atlas Critical Minerals. "We are very encouraged by the consistent high-grade mineralization for rare earths and titanium seen across all tested mineral rights." Strategic Advantages and Geological Characteristics The TRS indicates that the Alto do Paranaíba Project benefits from numerous strategic advantages for exploration. The Project geological potential for mineralization across a large area, as the initial positive results were seen across many different mineral rights. The mineralization of rare earths and titanium occurred in layers close to the surface thus favoring any future extraction by open-pit modality. And consistent grades were confirmed across all tested mineral rights, with initial auger drilling from 11 drill holes delivering results that validated the widespread mineralization. Additionally, the Project location enjoys robust infrastructure, including power, water, and roads. The Mata da Corda formation is known to host rare earth oxides and titanium mineralization. This geological unit is composed of volcanoclastic rocks from both the Capacete Formation and volcanic rocks from the Patos Formation, with lithotypes consisting of titanium-rich minerals embedded in a clayey matrix. The strong positive correlation between rare earths elements and titanium, combined with the geological unit's high responsiveness to magnetic surveys due to its intense magnetism, renders the deposits highly amenable to geophysical exploration and enhances targeting precision for the Company's planned future drilling programs. The Company's objective, as stated in the TRS, is to "rapidly issue a resource estimate and, in the medium term, develop an integrated mine and processing plant project for the beneficiation of rare earth oxides and titanium." The TRS is also available on the Company's website at About Atlas Critical Minerals Corporation Atlas Critical Minerals Corporation (OTCQB: JUPGF) controls a large portfolio of critical mineral rights in Brazil, encompassing over 575,000 acres, and including projects in rare earths, titanium, and graphite — minerals essential for defense applications and electrification. Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Critical Minerals and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Therefore, you should not place undue reliance on these forward-looking statements. Risks related to the Company and its subsidiaries are discussed in the section entitled "Risk Factors" in the Company's Form 20-F filed with the Securities and Exchange Commission (the "SEC") on February 28, 2025. Please also refer to the Company's other filings with the SEC, all of which are available at In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements. Investor RelationsBrian W. BernierVice President, Investor Relations+1 (833) 661-7900 To view the source version of this press release, please visit


Business Wire
a day ago
- Business Wire
Mesa Royalty Trust Announces Trust Income for August 2025
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the 'Trust') (NYSE symbol-MTR) announced today the Trust income distribution for the month of August 2025. Unitholders of record on August 29, 2025 will receive distributions amounting to $0.009431485 per unit, payable on October 31, 2025. The Trust received $28,001, all of which came from the New Mexico portion of the Trust's San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in August 2025 from any other working interest owner. This month, after the Trust's payment of administrative expenses, income from the distributable net profits was $17,576. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust's administrative expenses, among other factors. In addition, as further described in the Trust's most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced, until the Trust increases its cash reserves to a total of $2.0 million in order to provide added liquidity. Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust's Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust's Form 10-K for the year ended December 31, 2024. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Yahoo
a day ago
- Yahoo
Fila Parent Company Misto Holdings Reports Q2 Revenue Gains Despite Economic Uncertainty
Fila parent company Misto Holdings delivered growth in the second quarter despite economic slowdown and weakened consumer sentiment. According to the South Korean company, consolidated revenue in Q2 2025 increased 4.5 percent to 1.23 trillion won from the same time last year. Operating profit in the second quarter was 181.9 billion won, up 29.8 percent year-on-year. More from WWD Keen and Metalwood Studio Team Up on Golf Shoe Collection for Pre and Post Rounds Dillard's Posts Higher Sales, Lower Net Income in Second Quarter Skechers Beat Expectations in Q2 as Shoe Firm Continues on Path to Go Private By segment, the company noted that its Misto division, which includes the Fila brand, recorded revenue of 216.3 billion won in Q2. The company said that in the quarter, Fila continued to work on its brand repositioning strategy, as well as launch new key products such as 'Peito' and 'Panthera' following the success of the 'Echappe' franchise and opened the Fila 1911 Myeong-dong concept store in April. In Greater China, the company's Marithé+François Girbaud label opened its first store in Shanghai's landmark Xintiandi district, marking a significant step in K-fashion expansion. Leveraging Misto Holdings' operational network, the company said it plans to extend brand awareness across the Greater China region while pursuing mid- to long-term brand refinement and strategic investments. As for the company's Acushnet segment, the company's U.S. golf subsidiary, revenue grew 7.9 percent to 1.01 trillion won in Q2 over the same time last year. Misto noted that this growth was fueled by solid demand across the golf ball, club, and gear categories—particularly the new Pro V1 & Pro V1x golf balls, GT Series clubs, and Scotty Cameron putters. Despite ongoing external uncertainties such as shifts in U.S. tariff policies, the company said that its Acushnet segment outperformed expectations. Balanced performance in the U.S. and European markets, along with adjustments in certain Asian regions, contributed to the segment's stable global growth, the company added. Ho Yeon (Aaron) Lee, chief financial officer of Misto Holdings, said in a statement on Monday that despite uncertainties in the external policy environment and adjustments in certain operating regions, strong brand competitiveness centered on Acushnet and the positive effects of restructuring certain overseas operations contributed positively to the company's overall performance improvement. 'The Misto segment is also focusing on enhancing product competitiveness and improving distribution efficiency under its mid- to long-term strategy, while continuing to invest in and support balanced growth across our brand portfolio,' Lee added. This news comes as Misto Holdings has undergone some changes this year. In April, shareholders agreed to rename the company from Fila Holdings Corp. to Misto Holdings as part of a larger refocus on the business. The company said at the time that the change aimed to 'further solidify its position as a global brand portfolio company' citing that its previous name was closely associated with the Fila brand, which led to a 'limited perception' of its broader portfolio and global brand management role. Originating from the sportswear brand Fila, founded in Italy in 1911, Misto Holdings acquired Fila's global business in 2007 and became a publicly traded entity on the Korean stock market in 2010. In 2011, the company expanded further with the acquisition of Acushnet Holdings Corp., home to premium golf brands such as Titleist, FootJoy, Scotty Cameron, Kjus and Vokey. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data