Prime movers News

The retail industry is undergoing enormous change. The customers have evolved. They are demanding and selective. In these times, the retailers must review their existing supply chain setups and devise faster ways of reaching the markets. Maersk’s customer, an iconic American retail brand, with over 500 stores across the US foresaw the possible implications of outdated processes and reached out to Maersk for a solution. The challenge The private labels’ supply chains were c...

Provided by Zurich, this new service will offer customers the synergy of world-class logistics and insurance solutions. Maersk has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customer’s goods against physical loss or damage. A customers’ cargo can be exposed to various risks while in transit and Maersk Cargo Insurance covers goods from the time they are first moved for loading until the completion of unloading at destination, fr...

Classification Society ClassNK granted an Approval in Principle (AiP) based on its Rule Part N which adopts IGC Code and its Guidelines for Ships Using Low-Flashpoint Fuels to Daihatsu Diesel for their concept design of an LPG reformed gas-fuelled coastal LPG carrier developed in cooperation with Iino Gas Transport, Osaka Gas, Izumi Steel Works, and Miura Shipbuilding in terms of safety assessments. The Vessel is designed to be equipped with an LPG reformer developed jointly by Daihatsu Diesel...

On the afternoon of December 3, 2020, the China Shipping 50 Forum, acclaimed as a think tank in the shipping industry, held its 7th annual meeting in Qingdao. As a member of the Forum, Chairman of CULines Raymond Chen attended the meeting upon invitation. Guest attending the event The event gathered top-class experts and scholars from the port and shipping logistics sector The event gathered top-class experts and scholars from the port and shipping logistics sector, senior executives at...

Maritime engineering business - Cammell Laird is celebrating the valuable contribution of its female members of staff on International Women’s Day. Held all over the world on Sunday 8 March, International Women’s Day celebrates the social, economic, cultural and political achievements of women and makes a call to action for women’s equality. Office-based roles Cammell Laird has a number of female employees working in engineering and office-based roles Cammell Laird has a nu...

Satcom Direct (SD), the business aviation solutions provider, is showcasing how the intelligent data and communications platform, SD Pro®, improves modern flight operations management via standardised operating procedures and data protocols, at the NBAA Schedulers and Dispatchers Conference, booth 1835. Leveraging elements from its aircraft connectivity services, hardware platforms, and ground network infrastructure, SD is uniquely positioned to create a centralised data management ecosyst...

FESCO Transportation Group announces the appointment of Maxim Sakharov as the Group’s President effective March 6, 2020. Maxim Sakharov, previously Vice President for Finance, will replace Aleksandrs Isurins who is stepping down as the Group’s President on the same date. Authority comment “On behalf of the Board of Directors, I want to thank Aleksandrs Isurins. During the time he served as the President, he implemented a number of strategic projects, restructured public debt...

ClassNK obtained accreditation on January 23, 2020, from the Japan Accreditation Board (JAB) as a GHG emissions verification body based on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) by the International Civil Aviation Organization (ICAO).Although global warming countermeasures are being discussed at the United Nations Framework Convention on Climate Change (UNFCCC), GHG emissions control in the international aviation sector, which operates across borders, will...

Following the cancellation of a number of global events, including the Mobile World Conference in Spain, ITB in Germany and the Geneva International Auto Show, the DIMDEX 2020 organising committee has been consulting with public health officials and the Government of the State of Qatar regarding the status of the event. DIMDEX 2020 event cancelled After extensive consideration, the DIMDEX 2020 organising committee has made the difficult decision to cancel the Doha International Maritime Defenc...

A.P. Moller - Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company. The facility refinances the undrawn $5.1bn facilities maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve. Financia...

A.P. Moller - Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company. The facility refinances the undrawn $5.1bn facilities maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve. Financia...

In recent years, with the growing need for ESG investment and SDGs management, social transformation utilising digital technology is rapidly progressing. In the maritime industry, attempts are being made to create new value by collecting and utilising data on ship operations and cargo movements and sharing it among different players to promote further innovation. Advances in digital technology are also introducing unprecedented ways of ensuring safety, such as data condition monitoring and...

In support of international military collaboration and exchange, the organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) will host the Middle East Naval Commanders Conference (MENC) under the theme Resilience in the Maritime Domain – Confronting Asymmetric Threats. The upcoming MENC edition will feature panel discussions that will once again address today’s multifarious naval security challenges. Under the auspices of HE Dr. Khalid...

In support of international military collaboration and exchange, the organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) will host the Middle East Naval Commanders Conference (MENC) under the theme Resilience in the Maritime Domain – Confronting Asymmetric Threats. The upcoming MENC edition will feature panel discussions that will once again address today’s multifarious naval security challenges. Under the auspices of HE Dr. Khalid...

In support of international military collaboration and exchange, the organising committee of the Doha International Maritime Defence Exhibition and Conference 2020 (DIMDEX 2020) will host the Middle East Naval Commanders Conference (MENC), under the theme – ‘Resilience in the Maritime Domain - Confronting Asymmetric Threats’. The upcoming MENC edition will feature panel discussions that will once again address current multifarious naval security challenges. Under the auspices...

To address a vital need in global trade, A.P. Moller - Maersk is developing an integrated cold chain offering that will reduce food waste, minimise complexity for customers, and put the business in an even stronger position to tap into the high-growth market for perishable goods.   Whether you are transporting fruits, fish or medicine, getting delicate, temperature-sensitive goods to market is a long, complicated and often wasteful journey. Challenges Companies experience frustratin...

To address a vital need in global trade, A.P. Moller - Maersk is developing an integrated cold chain offering that will reduce food waste, minimise complexity for customers, and put the business in an even stronger position to tap into the high-growth market for perishable goods.   Whether you are transporting fruits, fish or medicine, getting delicate, temperature-sensitive goods to market is a long, complicated and often wasteful journey. Challenges Companies experience frustratin...

SBM Offshore is pleased to announce a EUR 150 million (c. US$165 million) share repurchase program, effective from February 13, 2020. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Share repurchase program The Execution of the share repurchase program will be done under the terms of an engagement letter with a third party The repurchase program is expected to be completed within the year 2020, an...

CUL Shining Shipping Co., Ltd. was established on October 29, 2015, as a subsidiary held and operated by China United Lines Ltd. (CULines). CUL Shining Shipping is mainly engaged in the barge transportation of containers and bulk cargoes in the Yangtze River. It owns dozens of self-operated barges and is able to dispatch more than 300 barges. Branch lines for domestic trade CUL Shining Shipping owns a branch line network connecting Shanghai to the upper and middle reaches of the Yangtze...

The Norwegian Shipowners Association follows the development of the Corona virus (COVID-19) closely and has a good dialogue with its members, and other actors about the situation. A large number of people in China and elsewhere in the world have been infected, and more than 600 deaths have been reported. COVID-19 implications for shipping industry Norwegian shipping companies operate all over the world and are thus, directly affected by the development Norwegian shipping companies operate all...

ClassNK has just released the latest version of its design support software PrimeShip-HULL (HCSR) Ver.7.0.0, developed in response to the IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT). The new version incorporates the latest rule amendments to CSR BC & OT including amendments based on feedback from the industry.In addition to the incorporation of the latest rule amendments, various functions were also added or improved in the PrimeShip-HULL (HCSR) presc...

Ocean Network Express, COSCO Shipping Lines, OOCL and Yang Ming are to launch a new weekly Transatlantic service, East Mediterranean – America Service (code: EMA) to deliver a more efficient and comprehensive service network. The first commencing voyage is on April 2020 (subject to FMC filing). The EMA service, jointly operated by the four lines, will consist of six Panamax vessels. The port rotation for the weekly service is Mersin – Haifa – Alexandria – Istanbul &ndash...

Unifeeder is happy to announce that it is adding London Gateway as Hub Port to their UK East Coast port network. They will have a weekly service from Grangemouth and Teesport to/from London Gateway and further connections from this point to Antwerp and Dunkerque. The new service is an addition to Unifeeder’s existing port network, now connecting the UK East Coast (Grangemouth, South Shields, Teesport and Immingham) and the hub ports of Felistowe, London Gateway, Rotterdam, Antwerp, Dunker...

The organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) held a successful diplomat briefing session focused on the preparation of the upcoming event at Sharq Village and Spa, which was attended by high-level diplomats. A fixture on the global maritime defence and security calendar, DIMDEX 2020 expects an unprecedented turnout of exhibitors and attendees from up to 80 countries. Event host and attendees Attendees of the delegate briefing sessi...

The organising committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) held a successful diplomat briefing session focused on the preparation of the upcoming event at Sharq Village and Spa, which was attended by high-level diplomats. A fixture on the global maritime defence and security calendar, DIMDEX 2020 expects an unprecedented turnout of exhibitors and attendees from up to 80 countries. Event host and attendees Attendees of the delegate briefing sessi...

The Organising Committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) held a successful diplomat briefing session focused on the preparation of the upcoming event at Sharq Village and Spa yesterday, which was attended by high-level diplomats. DIMDEX 2020 A fixture on the global maritime defence and security calendar, DIMDEX 2020 expects an unprecedented turnout of exhibitors and attendees from up to 80 countries. Attendees of the delegate briefing session rece...

FESCO diesel motor vessel - Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The voyage will last until April 2020. Vasiliy Golovnin vessel loaded with various goods In Cape Town, the Vasiliy Golovnin vessel was loaded with 1382 tons of various goods, including equipment, fuel and food. The vessel will also transport 35 Indian members of the expedition to the stations - Bhar...

On the afternoon of December 18, 2019, the opening ceremony of CU LINES Vietnam Co., Ltd. and the launch event of the new China-Vietnam service – CVX took place in Ho Chi Minh City, Vietnam. Over 120 guests were present to witness and celebrate this special moment, including representatives from the Consulate General of China in Ho Chi Minh City, partner representatives from local ports, cargo owners, traders, Chinese enterprises, shipping and freight operators in Ho Chi Minh and Haiphong...

MetOcean Telematics is pleased to announce that it has officially opened a new office in Ottawa, Ontario, Canada. MetOcean Telematics shows continued growth with the opening of a new office that houses a dedicated team of sales and product development professionals. Sales and product location This new regional office is positioned to further support the growing customer base This new regional office is positioned to further support the growing customer base, which seeks to further increa...

Hong Kong-based shipping company, T.S. Lines LTD. has announced that they have taken charge of the TS YOKOHAMA, second of four 1,096 teu ships that Kyokuyo Shipyard of Japan (Kyokuyo Shipyard Corporation) built for this carrier. New vessels based on ‘Kyokuyo 1100′ design T.S. Lines had placed the order for the first two ships in December 2017 T.S. Lines had placed the order for the first two ships in December 2017 and the carrier, six months later, returned to Kyokuyo, to place t...