Finance - News
From June 13 to June 15, 2023, Seawork 2023 will again take place in Southampton, United Kingdom (UK). They are pleased to once again be able to participate in Europe’s largest commercial marine and workboat exhibition. Seawork 2023 During the three-day exhibition, Seawork 2023, Fender Innovations Group will be present at Stand E9 for a personal update on the latest developments and new projects. Both Fender Innovations and Poly Marine Fender Systems will be represented here with sample...
Hempel’s efforts in supply chain engagement on climate issues gain external recognition with an A score in CDP’s 2022 Supplier Engagement Rating (SER). Hempel is recognised for accelerating climate action in its supply chain through efforts including its Sustainable Procurement Programme, validated science-based target on Scope 3, and sustainability governance and reporting. Hempel attains top rating for its sustainability framework The top rating fully supports the company’...
At the 2023 Annual Meeting of the Sea Cargo Charter Association in Copenhagen, the 36 Signatories elected new Steering Committee members and discussed past and future activities. In total, 12 member companies were elected to the Steering Committee to coordinate the Association on behalf of its members. The Sea Cargo Charter is a framework for assessing and disclosing the climate alignment of chartering activities. Charterers and cargo owners play an important role in the industry’s path t...
The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in diaspora to consider investing in the country’s maritime sector, describing it as the next big thing packed with assets to fuel the growth of the economy of Nigeria. Dr. Bashir Jamoh OFR, the Director General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA), made the call during the closing ceremony of the Global African Diaspora Symposium, themed, ‘Building stronger co...
Fred. Olsen Cruise Lines’ flagship Bolette and sister-ship Borealis have made inaugural connections to shore power in calls to Bergen and San Francisco this month. Borealis became the first of Fred. Olsen’s fleet to utilise shore power, by connecting during a transit call to San Francisco as part of the ‘Around the World in 80 Days’ cruise on 17th April 2023. Bolette and Borealis make first connections to shore power Bolette will connect again when she returns to Berge...
U-Boat Worx is delighted to announce the appointment as the exclusive international partner for the sale of the U-Boat Worx Nautilus submarine to Moravia Yachting The U-Boat Worx Nautilus is the world’s first superyacht submarine. This incredible hybrid-electrical sub offers deep-sea exploration to a depth of 150 m. U-Boat Worx Nautilus submarine In an innovative feat of engineering, the sun deck is retracted before the Nautilus dives Designed to deliver the superyacht lifestyle above...
The Ghana Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act - also known as the Cabotage Law in Nigeria, under a collaborative arrangement with the Nigerian Maritime Administration and Safety Agency, NIMASA. The Director General (DG) of NIMASA, Dr. Bashir Jamoh OFR, while addressing the Ghanaian delegation, expressed delight at the opportunity to share knowledge on Cabotage implementation, noting that it will not o...
Mackay is pleased to announce a featured article, entitled: ‘Mackay Marine South Africa: Dynamic Mackay Positions for a Steady Course of Growth’. Globally renowned seller and installer of communication and navigation equipment for seafaring vessels, Mackay Communications, dba Mackay Marine, has acquired South Africa’s Dynamic Marine Systems (DMS) and is integrating the company to bolster its service portfolio. Mackay Marine South Africa The acquisition of DMS has been very f...
Crowley will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada. Featuring Crowley’s new Mexico-U.S. ocean route in the Gulf, the service will leverage the highly efficient inland rail network of Canadian National Railway Company and its U.S. rail subsidiaries (CN). The companies’ combined network provides broad reach across the Midwest and into Canada to increase solutions for global customers in North American markets...
Spire Global, Inc. (“Spire” or “the Company”), a renowned global provider of space-based data, analytics and space services, announced the launch of its new Deep Navigation Analytics™ (DNA) Platform, a centralised, space-powered hub that delivers essential insights to maritime stakeholders through three layers: maritime weather data APIs, actionable intelligence APIs, decision support solutions and visualisations. The platform utilises radio occultation (RO) data a...
The Singapore Maritime Foundation (SMF) has launched a Maritime Workforce Transformation Guidebook, which offers a practical approach for companies in the maritime sector to embark on job redesign to better attract talent to the industry. The Guidebook is distilled from key findings and actionable recommendations of a job redesign pilot conducted in 2022 by SMF, in partnership with Pacific Carriers Limited (PCL) and Pacific International Lines (PIL). The pilot, which focused on the roles of a T...
Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, has welcomed its newest ship – Vista. Delivered at Fincantieri’s shipyard in Genoa, Italy, Oceania Cruises’ initial Allura Class ship features several firsts in the realms of dining, accommodation and guest experience. This 67,000-tonne, 791-foot-long ship is one of the most anticipated new ships to join the global cruise fleet in 2023. Delivery of new ship - Vista The 1,200-guest Vist...
Tokyo – based classification society, ClassNK has released its new white paper – ‘Towards MASS social implementation’. Regarding the development of Maritime Autonomous Surface Ships (MASS), various efforts gaining momentum worldwide, including the Nippon Foundation MEGURI 2040 Fully Autonomous Ship Program. The push for international rule establishment has been further intensified as the IMO MSC has agreed on a work plan to set forth mandatory requirements effective fro...
The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh, OFR has stated that inter-agency collaboration is critical to sustaining the efforts to curb criminal activities in the Nigerian waters and the Gulf of Guinea (GoG). The Director General of NIMASA made this assertion when he played host to the Interim Administrator of the Presidential Amnesty Programme (PAP); Major General (rtd) Barry Ndiomu, at the headquarters of the Agency in Lagos, Nige...
Tokyo-based classification society, ClassNK has granted its Innovation Endorsement for Products & Solutions to a Ship Support Solution called MaSSA-One developed by BEMAC Corporation. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement as a swift certification service in cooperation with technological front runners, in order to establish appropriate evaluation criteria. Among the certification categories, ‘Products &...
The new qualitative study from the Global Maritime Forum and the All Aboard Alliance contains a wide spectrum of perspectives from women seafarers who address the challenges they experience at sea, from ill-fitting safety gear to slower career progression, and harassment. 15 key pain points From the anonymous interviews, the All Aboard Alliance has identified 15 key pain points which fall into four broad categories: Difficult for women to succeed professionally at sea. Challenging social r...
Peel Ports has developed a partnership programme and secured long-term agreements with a number of pioneering consultants to support vital projects across its operations. A range of companies have been selected for the expertise and will support the delivery of the port operator’s capital investment programme for up to eight years. Programme partners The programme partners include: Ramboll, Jacobs, Turner & Townsend, Currie & Brown UK, HaskoningDHV, Pell Frischmann, Tetra Tech,...
Tokyo-based classification society, ClassNK has granted its Innovation Endorsement for Products & Solutions to an onboard data platform called TMIP (TERASAKI Marine Information Platform), developed by Terasaki Electric Co., Ltd. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement as a swift certification service, in cooperation with technological front runners to establish appropriate evaluation criteria. Among the certificat...
The Port Authority of Valencia (PAV) participated in the 4th International Congress on Energy Engineering (iENER’23) organised by the Spanish Association of Energy Engineers (AEE Spain Chapter). The Head of Environmental Policies of Valenciaport, Raúl Cascajo, explained, at a table on solutions in the ports, the pillars of the APV in decarbonisation: renewable energies, use of alternative/clean fuels, energy efficiency or digitalisation. Port of Valencia committed to the 2030 Agen...
HGK Shipping GmbH and the Port of Rotterdam Authority signed a long-term cooperation agreement to promote sustainable concepts for inland waterway services leading to and from seaports on 20 April 2023. The document primarily focuses on the energy revolution and logistics for hydrogen, as well as reducing CO2 emissions by using innovative drive concepts and digitalisation. These topics are crucially important to ensure reliable and sustainable supplies for industry. The agreement ensures that...
Tokyo-based classification society, ClassNK has released ‘Guidelines for Shipboard CO2 Capture and Storage Systems’. The guidelines include provisions for indicating the class notation for vessels equipped with CO2 capture and storage systems or designed as ‘ready’ for their installation. In addition to fuel transition, interest in capturing CO2 from ships’ exhaust gas is growing as a way to reduce GHG emissions, and the development of onboard systems for capturing...
MAN Energy Solutions has announced that its MAN 175D engine is formally approved for operation on biofuels, effective immediately. This applies to all standard biofuels such as HVO (Hydrotreated Vegetable Oil) and FAME (Fatty Acid Methyl Ester) fuels up to a content of 100%. Crucially, the engine itself does not require any technical adjustments, following the announcement. Florian Keiler, Head of High-Speed Sales at MAN Energy Solutions, said: “MAN Energy Solutions prepares its engines f...
In a continued effort to provide their customers with the best and reliable quality of service, CMA CGM wishes to inform its customers of the re-instatement of SEAPRIORITY Go (SPGO) for bookings from Asia to West Africa. With this option on booking, CMA CGM will ensure the following advantages for shipment, regarding the current peak of activity: Higher level of priority with first equipment available granted Close tracking and flagging of shipment to guaranty space onboard Available on th...
HHI-EMD – an MAN Energy Solutions two-stroke licensee – marks milestones in South Korea with successful FAT (Factory Acceptance Test) of the world’s largest methanol-powered, two-stroke engine and surpassing of 200 million brake-horsepower. At a ceremony in South Korea on March 22, 2023, HHI-EMD celebrated the world’s largest methanol-powered two-stroke engine, a MAN B&W G95ME-LGIM type. Simultaneously, the engine’s manufacture pushed the company past the 200 m...
The Neptune Declaration Crew Change Indicator that covers crew change developments in the first quarter of 2023 suggests that the situation remains stable. The number of seafarers vaccinated is at 96.3%, a slight increase of 0.7 percentage points from the previous quarter. Likewise, the number of seafarers onboard vessels beyond the expiry of their contract is down by 0.5 percentage points, now at 2.2%. The number of seafarers onboard vessels for more than 11 months remains at 0.2%. Crew chang...
OXE Marine AB launches their first product configurator. This new tool allows end customers to easily configure and customise their OXE Diesel Outboard, to meet their specific needs and requirements. The configuration is gathered in a downloadable PDF for future reference. With the OXE Diesel Product Configurator, customers can easily select their desired power output, shaft length and other specifications to create the perfect outboard for their specific application. The user-friendly interfac...
The Port Authority of Valencia (PAV) has delivered this morning the traditional socarrat – which replaces the metope – commemorating the arrival at the Port of Valencia of the cruise ship - MSC Seashore, one of the most advanced ships in environmental technologies. The Head of Marketing and Cruises of the Port Authority of Valencia (PAV), Francesca Antonelli, presented the socarrat to the Captain of the MSC Seashore vessel, Giuseppe Galano. The General Manager of MSC Cruises in Spai...
Singapore-headquartered Cyan Renewables has contracted Ulstein Design & Solutions BV as the designer of a series of new floating foundation installation vessels (FFIV) dedicated to offshore wind. With an increasing lack of heavy lift installation vessels, these new FFIVs are needed to fill the gap. The vessels will enable Cyan to support the offshore wind industry in meeting its global ambitions. “With their strong track record in heavy lift vessel design and a good understanding of...
Crowley, a global logistics, maritime, and energy solutions company, reached an agreement with the Port of Humboldt Bay to exclusively negotiate to build and operate the terminal. The company office is at the Carson Building in the historic Old Town of Eureka. Local office “I’m pleased to welcome Crowley to our business community!,” said Humboldt County Supervisor Natalie Arroyo for District 4. "I’m glad they’ve chosen to open a local office and look forwar...
Shipping companies - encouraged by regulation, customer demand, investor pressure, and internal goals - are searching for ways to find greener fuel alternatives and reduce greenhouse gas emissions by 2050. To understand how shipping industry pioneers are thinking about future fuels and what their plans and projections are to adopt cleaner fuels and efficiency-boosting technologies, the Global Maritime Forum, the Global Centre for Maritime Decarbonisation, and the Mærsk Mc Kinney M&os...