Efficiency - News

The value of the competitively awarded contract could reach $95.2 million if all options are exercised. Under the depot maintenance period (DMP) availability contract awarded, BAE Systems San Diego Ship Repair will dry-dock the ship, perform underwater hull preservation work, recondition the engineering spaces, upgrade its command and control equipment, and refurbish the crew’s living spaces. The DMP work is expected to begin in May 2022 and be completed in November 2023. The company expe...

UKSA is launching a new Port Operative Apprenticeship Programme, due to start this summer, as it expands its maritime career pathways. Isle of Wight based charity, UKSA, has designed the programme to give young people the opportunity to start on the maritime career ladder in a vital port operative role which allows businesses and organisations to deliver cargo on time and within a safe environment. The course will provide students with all the necessary skills, knowledge, and qualifications to...

Hitachi Energy launched its OceaniQ™ portfolio for the offshore energy environment, which will be showcased this week at the annual WindEurope event in Bilbao, Spain. Wind, marine, and offshore applications The global technology and market pioneer in power grids, which has a proven track record in pioneering solutions for offshore, has created OceaniQ to help accelerate the clean energy transition. OceaniQ will result in greater volumes of wind power being efficiently harvested and...

SBM Offshore is pleased to announce that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the Yellowtail development project located in the Stabroek Block in Guyana. Construct, install, and operate Under these contracts, SBM Offshore will construct, install, and then lease and operate the ONE GUYANA FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL....

The latest Indicator shows that the number of seafarers onboard vessels beyond the expiry of their contract has decreased slightly from 5% from 4.2% in the last month, while the number of seafarers onboard vessels for over 11 months has remained stable at 0.4%. This is the first decrease in numbers, albeit slight, since December 2021. The Neptune Indicator also reports a 4.4 percentage point increase in seafarer vaccines, from 72.8% in March to 77.2% in April, as seafarer vaccinations have sta...

GPS Group, the storage and logistics provider, and Rietlanden Terminals, are pleased to announce that they have successfully completed a transfer of NOx (Nitrogen Oxides) disposition rights. Sustainable energy products The transfer, now confirmed through a permit that has become irrevocable, transfers such rights from Rietlanden Terminals to GPS Amsterdam and thereby supports GPS’s expansions including the recently completed rail project and bio ethanol storage, which are supportive of t...

IWS already has the two identical vessels on order for delivery in 2023, mentioned above, and option agreements for up to two additional vessels, making this a potential six-vessel series. This fleet has been designed specifically for the renewable offshore wind market, with a clear focus on reduced emissions and enhanced sustainability. The vessels will be built to Kongsberg Maritime’s UT 5519 DE design by the shipyard China Merchant Heavy Industries (CMHI), with which KM has a long and...

Kongsberg Maritime (KM) is pleased to announce that it is dividing its industry-renowned propeller systems into three distinct categories, C-Line, P-Line, and X-Line. The idea is to ensure the provision of reliable, safe, high-quality and high-performing propeller solutions, which are adapted to all customer-specific requirements and pricing levels, building upon almost a century of hydrodynamic and engineering expertise. The demarcations are as follows. KONGSBERG Propeller...

Inmarsat, the globally renowned company in global, mobile satellite communications, has published a new decarbonisation report exploring the impact digital technology can make on shipping’s greenhouse gas (GHG) emissions. Compiled by maritime innovation consultancy - Thetius and sponsored by the Inmarsat Research Programme, The Optimal Route – The Why and How of Digital Decarbonisation in Shipping provides evidence that digital optimisation offers a key strategy for owners set on me...

Intellian, a pioneering provider of future-proof satellite communications solutions, has announced the opening of its London office, marking a long-term commitment to and investment in Europe and the UK. The office will also be home to their ‘L-band Centre of Excellence’, a best-in-class facility to enhance L-band product development and customer experience globally. Inmarsat’s ELERA network London base is focused on building the next generation of L-band terminals for exist...

To preserve the unique tastes of different fish & seafood, supply chain journeys must also be unique for each. Whether fresh or frozen, what remains true for all is the need to eliminate multiple handovers, reduce waste, and race against shelf-life. Supply chain integration Integrating the supply chain from port to dock can help to overcome all these challenges. With A.P. Moller - Maersk’s state-of-the-art reefer technology and growing network of cold stores, ensure an unbroken supp...

The latest in-line shaft generator from ABB will enable ship operators to benefit from the efficiency, performance and reliability advantages of permanent magnet technology. The new generator brings flexibility and ease of installation to a wide range of vessels, including bulk carriers, container carriers, liquid natural gas tankers and ferries transporting passengers and cars. Permanent magnet shaft generator The AMZ 1400 permanent magnet shaft generator is optimised for converter control a...

Norwegian Cruise Line Holdings Ltd., a global cruise company which operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands, and Huna Totem Corporation, one of the most successful Native village corporations in Alaska, jointly announced the signing of a Memorandum of Agreement to develop berthing and upland facilities in Whittier, Alaska. The privately funded development project will consist of a marine vessel docking facility able to berth vessels from the Comp...

MSC Group (Mediterranean Shipping Company) confirms that it has entered into a share purchase agreement with Bolloré Group, in relation to the 100% acquisition of Bolloré Africa Logistics (including all of Bolloré Group’s shipping, logistics and terminals operations in Africa, as well as its terminal operations in India, Haiti and in Timor-Leste) for a purchase price based on an enterprise value, net of minority interests, of 5.7 billion euros.  Acquisition of Bo...

MPC Container Ships ASA (‘MPCC’ or the ‘Company’, and together with its subsidiaries, the ‘Group’) is pleased to announce the following company update. The company update includes the Charter update on existing fleet. The update includes the following: Over the past weeks, MPCC has concluded five additional fixtures, including four multi-year charters at very favourable rates, securing employment up to 2027. The new fixtures add contracted charter revenue...

Inmarsat, the globally renowned company in global, mobile satellite communications, has unveiled e-learning technology and service provider, Marine Learning Systems (MLS) as the winner of the inaugural Inmarsat Ferry Open Innovation Challenge, a competition inviting start-ups and SMEs to propose digital solutions that promise to enhance the working lives of ferry crews. Launched in January 2022, in collaboration with the largest ferry operator in Greece, Attica Group, and UK digital consultancy...

Long-term contracted ocean freight rates climbed by 7% in March, pushing shipping prices up 96.7% year-on-year. The rise, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to disclose record annual revenues of USD 17.67bn. However, as Xeneta CEO Patrik Berglund points out, the sustainability of such developments remains to be seen. Onwards and upwards Xeneta’s XSI...

WE Tech solutions has received a new order to deliver its Economical Operations Solution to a series of two 86,000 cbm LPG carriers. The vessels are to be built for the Japanese shipping company NYK Line at Kawasaki Heavy Industries in Japan. The Contract was facilitated by The China & Japan Marine Industries Limited. The equipment delivery from WE Tech will commence in January 2023. The Economical Operations Solution package includes the Direct Drive Permanent Magnet Shaft Generator and a...

On March 30th, 2022, SBM Offshore launched its new floating wind energy solution, Float4WindTM. Float4WindTM is the second generation of SBM Offshore’s innovative offshore wind floater technology, a key aspect of the Company’s long-term strategy to support the energy transition. Tension Leg Platform (TLP) design The new and improved version of the Tension Leg Platform (TLP) design, a technology historically utilised in traditional oil & gas production, is ideal for harnessing...

MSC is delighted to be attending this year’s IHS Breakbulk and Project Cargo Conference. Taking place from 25-27 April 2022, the conference attracts the most specialised project and breakbulk cargo audience in the industry, and is a platform for essential and intensive networking, negotiations, and relationship-building within the project and breakbulk logistics supply chain. Dedicated customer service MSC will be promoting their solid expertise in oversized freight. Their project cargo...

Babcock International Group, the aerospace, defense and security company, has achieved Ready for Sea Date for the Type 23 frigate HMS Somerset at Babcock’s Devonport facility. Maintenance and repairs  HMS Somerset started her extensive overhaul at Babcock’s Devonport facility in November 2018. During that time, she has undergone a significant upkeep, which has included repairs and updates to her hull and living spaces, replacement of her Sea Wolf with the new Sea Ceptor weap...

Nor-Shipping is a globally renowned exhibition and event, which is based in Norway. This is where the maritime and ocean industries meet to connect, collaborate and facilitate sustainable success in the ocean space. Taking place every two years, Nor-Shipping operates as a hub for international decision-makers from both the private and public spheres. Nor-Shipping, global maritime exhibition Nor-Shipping is where ship owners and operators mix with politicians, equipment suppliers, NGOs Nor-Sh...

The Maritime Skills Commission (MSC), established by Maritime UK and the Department for Transport in 2020, is launching its Future Ports Workforce Research Report. The report came as a recommendation from the MSC’s Labour Market Intelligence Scoping Report in October 2020. The modern port is a significantly different place from the port of history. It is increasingly shaped by forces such as the globalisation of supply chains, automation, and digitisation. It is also shaped by external...

Inmarsat, the pioneer in global, mobile satellite communications, has made its maritime broadband service, Fleet Xpress, available to shipyards. Installed during new building, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel. “Fleet Xpress for Shipyards is a game-changer for shipbuilders and owners alike, streamlining installation,...

ArkEdge Space Inc. has completed a new round of financing through SPARX Innovation for Future Corporation and Pavilion Capital PTE as new shareholders, raising JPY 635 million (approx. USD 5.2 million) and joining existing shareholders Incubate Fund and Mitsui Sumitomo Insurance Capital Co. Added to an initial round in January 2022, led by Incubate Fund and including Real Tech Fund and Mitsui Sumitomo Insurance Capital Co., the total amount raised in Series A is JPY 2.3 billion (approx. USD 18....

Fender Innovations of Wieringerwerf, manufacturers of lightweight fender systems for fast-sailing vessels, has completed a commercially important acquisition. The new partner is PolyMarine Service based in Vlaardingen, manufacturers of cast fender systems for slightly heavier workboats. Both companies will form part of the Fender Innovations Group. For Fender Innovations, this is the first acquisition since the company was founded in May 2012. The company continues to grow and has reported a 25...

Rising COVID-19 cases in China, large-scale fuel stock-outs in Sri Lanka, and developments in Europe, among other global supply chain disruptions, have had an increasing impact on shipping volumes in Quarter 1 of 2022 and have exacerbated port congestion across the world. Demand remains incredibly strong, which continues to put increased pressure on the global supply chains, as capacity is still tied up outside ports in the US, Europe and Asia. Despite the disruptions witnessed across various r...

The initiative will bring together start-ups focused on solving climate and business challenges with a range of investors eager to fund the transition to a sustainable ocean economy. The event, which is open to all, takes place in Nor-Shipping’s dedicated Blue Economy Exhibition Hall in Lillestrøm from 10.00 to 15.00. Katapult Ocean has gathered a range of venture capitalists, angel investors, debt providers, corporate backers and established industry names to create an arena where...

Shipping Innovation – Maritime UK, the Owner and Manager of London International Shipping Week (LISW), the globally renowned maritime industry event, is delighted to announce the appointment of Karen Martin as the new Commercial Director. Karen Martin will be responsible for all sales and commercial activities related to London International Shipping Week (LISW) and will be the point of contact for sponsors and advertisers for the next installment of LISW, scheduled to take place in Septe...

Babcock, the aerospace, defence, and security company, has signed a Memorandum of Understanding (MoU) with one of Korea’s largest shipyards Daewoo Shipbuilding & Marine Engineering (DSME) to collaborate on systems integration programmes for future vessels. This follows the MoU signing between Babcock and Hyundai Heavy Industries (HHI) in June 2021 to focus on the South Korean Navy’s future light aircraft carrier project opportunity, CVX.  Ongoing operational support Babco...