Corporate News

In conjunction with their airtime service partners - SD Government is buoying up DataWave™ Ku-band network throughput to deliver faster transmissions for all maritime communications.  Maritime customers already optimising the DataWave Ku services will now benefit from highly customisable satellite services, access to the latest real-time weather and nautical information, and the ability to stream video applications including Zoom, Skype, or other internet broadcasts. Unlimited data...

Global survival and safety solutions provider, Survitec, has announced that it has completed a £15 million Bank Guarantee Facility with Barclays Corporate Banking. This bank guarantee complements the company’s recently announced £270 million refinancing, as well as a new £27.5 million Super Senior Revolving Capital Facility. All three of the agreements are part of Survitec’s growth plans for its survival technology products and services. Survitec attains bank guar...

Wan Hai Lines Ltd. held ship naming ceremonies for WAN HAI 287 and WAN HAI 288 accompanied by a charity donation on 29th June, 2021. Due to the COVID-19 pandemic, a physical ceremony was replaced by an online one. WAN HAI 287 and WAN HAI 288 are the 4th-5th vessels in a series of 2,038 teu containerships, built by China Shipbuilding Trading Co., LTD., and Guangzhou Wenchong Shipyard Co., LTD. Ms. Bin Li, General Manager of Midea International Logistics Technology Co., Ltd., and Ms. Li Gui Lan,...

As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of twelve (12) 3055 Teu container vessels with Nihon Shipyard Co Ltd. (NSY) / Japan Marine United Corp (JMU). The contract was signed on 28th June 2021. These new vessels will start taking delivery in the end of July 2023. Efficient vessel fleet Currently, Wan Hai Lines operates a fleet of 86 owned vessels and 64 chartered vessels. This new shipbuilding contract is the company’s latest fleet ren...

David McGinley, Chief Executive Officer of Cammell Laird Shiprepairers and Shipbuilders, and Atlantic & Peninsula Marine Services has won Business Leader of the Year in the British Ex-Forces in Business Awards. The British Ex-Forces Business Awards, which took place on the 23rd of June, celebrates the achievements of ex-forces personnel who have forged a successful second career in business. The awards also strive to demonstrate the huge value veterans bring to UK business. David McGi...

Cammell Laird, the UK’s leading shipbuilder, has named The Royal Naval Benevolent Trust (RNBT) as its Charity of the Year. The announcement comes during Armed Forces Day 2021 and is a reflection of Cammell Laird’s proud history of supporting the Armed Forces and the Royal Navy in particular, both during times of war and in peacetime. Range of different ways A further compelling reason for the choice is that many of Cammell Laird’s current employees are former service personn...

SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The project loan has a tenor of two years post-completion, in line with the du...

Influenced by the global COVID-19 epidemic and other factors, the dilemma of "one equipment is difficult to obtain" for foreign trade customers is further highlighted. To solve the urgent needs of customers, CULINES made efforts to increase the supply of shipping space on various services in July. Asia - Europe service upgraded CULINES has expanded the AEX service scope and added direct service from Asia to London Tilbury, UK China United Lines will upgrade its AEX route (Asia - Europe Expre...

On June 25th, Yang Ming Marine Transport Corp. (Yang Ming) celebrated the naming of its 2,800 TEU class full container vessel, YM Continuity with a virtual naming ceremony. Yang Ming Chairman Cheng Cheng-Mount and CSBC Corporation Chairman Cheng Wen-Lon, located respectively at Yang Ming’s headquarters in Keelung and CSBC Corporation’s administration building in Kaohsiung, jointly officiated the ceremony. Mrs. Chen Shu-Huei, wife of the President of National Ocean Taiwan University...

PIL announces that it is resuming its direct Mozambique Service from 29 July 2021, offering customers a direct connection from Singapore to Reunion, Tamatave, and Mozambique. The enhanced service is part of the Company’s continuous effort to strengthen its service offerings to the Eastern and Southern African market. Madagascar and Mozambique cargo which previously relied on transshipment at Mombasa, Kenya, can enjoy the comprehensive service with better schedule reliability and shorter...

More than 80 staff from Merseyside Fire & Rescue Service took part in a major incident training exercise aboard the Royal Fleet Auxiliary vessel RFA Fort Austin, yesterday – the first for 18 months due to coronavirus. Part of an initiative between Cammell Laird and Merseyside Fire & Rescue Service (MFRS), the training exercise put 10 fire and rescue teams through their paces with two different emergency scenarios - both set on the 23,384-tonne vessel which is berthed at Cammell La...

In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycle...

Rolls-Royce and MAN Energy Solutions. have signed an agreement for a strategic partnership that will see MAN's PBST brand distribute state-of-the-art mtu turbochargers. “With this cooperation, we are combining our competencies − on the one hand, PBST's global sales structure for turbochargers and, on the other hand, Rolls-Royce's latest high-efficiency mtu turbocharger technology for high-speed diesel and gas engines," explains Andreas Schell, CEO of Rolls-Royce Power System...

The Cygnus Mini ROV Mountable thickness gauge has been specially designed to be mounted onto small observation ROVs with or without a manipulator facility. And most recently, Cygnus worked with the renowned Canadian ROV & crawler specialist-manufacturer “Deep Trekker” – to achieve full integration with their unique and polyvalent ROVs. Deep Trekker was founded in 2010 in Ontario and has innovation and collaboration at its heart; a perfect match for the applicatio...

X1 Wind has secured a multi-million euro grant to launch its first commercial floating wind project. The floating wind technology developer has been allocated €2.5m through the European Innovation Council (EIC) Accelerator program. It was named among 38 of the most promising start-ups by the EIC after being shortlisted from 4200 applications to receive funding to ‘develop and scale up ground-breaking innovations’. X1 Wind CEO & Co-Founder Alex Raventos said the grant will...

Tianjin Branch of Shanghai New SITC Container Maintenance Co., Ltd. (hereinafter referred to as SITC Tianjin Branch) held a grand opening ceremony at the Xinhua Tin yard in Tianjin Port Free Trade Zone . Guests present Lai Zhiyong, President of SITC Logistics Group, Kefei, General Manager of Container Lines Tianjin, Yu Jian, General Manager of Yard & Shipping Agency Development, Guo Xinde, General Manager of Qingdao Singamas, and Sun Luqiang, General Manager of Xinhua Tin Yard and other re...

The Seafarers’ Charity, in partnership with researchers at the University of Nottingham, released a new survey to better understand the reality of working conditions for fishing crew across the UK. The 20-minute research survey covers subjects including contracts and crew accommodation, facilities, and fishers' welfare. Crew members are encouraged to anonymously share their experiences of working life on fishing vessels. Financial challenges Catherine Spencer, CEO of The S...

Together with its partner - ScanOcean AB, Neste is broadening the sales and distribution of low-sulphur marine fuels in the Swedish market. At the end of June 2021, ScanOcean will add Neste MGO DMA from the Neste Marine™ 0.1 product range to their product offering, alongside the Neste MDO DMB. Both bunker grades will be available at the Södertälje ex-pipe bunker station that serves vessels also in transit into Lake Mälaren. Compatibility features We are working...

MPC Container Ships ASA is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS (“Songa”) for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the “Transaction”). Upon closing of the Transaction Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the “Songa fleet”) under the assumption of Songa having c...

MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ("Songa") for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the "Transaction"). Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the "Songa fleet") under the assumption of Songa having completed the sale of it...

FESCO Transportation Group and NFC Logistics Joint-Stock Company (organisation of Rosatom State Corporation) have made a cooperation agreement for developing intermodal transportation to the countries of the Asia-Pacific Region. The companies will cooperate in transportation of various cargoes from Russia to the countries of the Asia-Pacific Region using FESCO’s extensive network of sea and rail services, modernised fleet as well as port and terminal infrastructure. Providing flexible co...

Ocean Network Express (ONE) announces that the company has entered into a partnership with Rutgers Business School (RBS) in June 2021. Being the first of its kind in ONE's global partner network, this partnership will enable ONE to gain direct outreach to RBS' academic resources while striving to reduce its carbon footprint. Project opportunities ONE will present business project opportunities to RBS students. These projects will allow Rutgers students to examine trends in maritime decarbonis...

Intellian is pleased to announce that it has received type approval from Inmarsat for its new FB250 and Fleet One L-band terminals, making it one of the first to market with user terminals for operation on Inmarsat’s innovation catalyst L-band network, ELERA. The FB250 is a multi-functional terminal, either acting as a stand-alone primary communications terminal or combining with Intellian’s market-pioneering GX60NX and GX100NX to create the perfect Fleet Xpress (FX) solution....

Globally renowned Swedish ferry company - Stena Line has officially taken delivery of its newest RoPax ferry, Stena Scandica, on Friday, 18th June, 2021. The vessel is the first of two Visentini vessels that are being lengthened and modernised by Stena RoRo at the Sedef Shipbuilding in Tuzla, Turkey. Stena Scandica will start operating on Stena Lines route between Nynäshamn in Sweden and Ventspils in Latvia in the beginning of July 2021. Newest RoPax ferry, Stena Scandica Stena Line is w...

Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...

Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines. Minimising climate impact As companies adopt new meeting and engagement approaches taking the l...

DNV, the independent expert in assurance and risk management, has signed an agreement with Keppel Offshore & Marine (Keppel O&M) for collaboration on the hydrogen value chain. Collaborative aim The overall aim of the collaboration is to explore the safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market to support the country’s decarbonisation goals.&...

The EEXI regulation is a medium-term component of the International Maritime Organization’s (IMO) roadmap towards reducing global shipping’s carbon intensity by 40 per cent over the next decade, using 2008 as a baseline. The aim of the EEXI is to assess the energy efficiency of existing ships, focusing solely on their design. It determines the standardised CO2 emissions related to a vessel’s installed engine power, transport capacity, speed, and degree of energy efficiency. Th...

Avikus, Hyundai Heavy Industries (HHI) Group’s newly established subsidiary, specialised in autonomous navigation technology, became South Korea’s first company to succeed in fully autonomous navigation of a ship. Avikus Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship for 12 passengers, at a demonstration event, held in Pohang-...

General cargo ship “FESCO Pioner” set sail on 13 June 2021. FESCO vessel will deliver to Anadyr and Egvekonot about 287 TEU of containerised cargo and 103 tonnes of general cargo. The approximate date of arrival of the vessel to Anadyr is 22 June 2021. Delivery of the goods on linear service "FESCO Anadyr Direct Line" (FADL) is to last until the end of October. FESCO vessels will have 5 voyages to deliver about 1500 containers and 1000 tonnes of general cargo to the ports of Anadyr...