Finance - News

Satcom Direct, OneWeb, and QEST ratify development of Electronic Phased Array antenna together

Satcom Direct, the business aviation solutions provider, announces at EBACE 2022, a new three-way partnership agreement with OneWeb, the global communications company powered from space, and QEST, Quantenelektronische Systeme GmbH, a worldwide market pioneer in innovative aeronautical antennas. Inflight broadband services The collaboration is to progress the development of an Electronic Phased Array antenna to support OneWeb’s advancing mobility services. The agreement also covers a long...

Crowley inaugurates Liquified Natural Gas (LNG) Facility in Peñuelas, Puerto Rico

Crowley, the longest-serving U.S. supply chain company with a nearly 70-year history in Puerto Rico inaugurated its state-of-the-art LNG Loading Terminal in the southern town of Peñuelas. Sustainable energy solutions The liquefied natural gas facility marks a major milestone and supports the island’s economy with full-service, sustainable energy solutions to industrial and commercial operators in Puerto Rico, Central America, and the Caribbean. The inaugural event hosted by C...

IMO’s Facilitation Committee adopts amendments to the Facilitation Convention to make single window for ship data exchange mandatory

IMO’s Facilitation Committee has adopted amendments to the Facilitation (FAL) Convention, which will make the single window for data exchange mandatory in ports around the world, marking a significant step in the acceleration of digitalisation in shipping. Other amendments adopted include lessons learnt from the COVID-19 pandemic and add new and amended Recommended Practices to prevent corruption and illicit activities in the maritime sector. Facilitation (FAL) Convention The Facilitati...

Satcom Global AuraNow portal enables vessel and fleet managers to upgrade the vessel bandwidth instantly, with just the click of a button

Satcom Global AuraNow is the only maritime VSAT solution that allows vessel managers and owners to perform an instant upgrade to their bandwidth via an online portal. By simply clicking the ‘Perform and immediate upgrade’ button in the AuraNow customer portal, vessel and fleet managers can give their vessels access to greater bandwidth within minutes. AuraNow portal A one-stop-shop solution that gives direct access to manage to the vessel and fleet communications The easy-to-use...

Teknotherm to display their marine solutions at the International Shipbuilding Exhibition Navalia 2022

The international shipbuilding exhibition Navalia in Vigo, Spain was from the beginning a reference for the naval sector and to serve as a tool to attract investors and contracts for the industry. The efforts that Navalia made in its international promotion, have been rewarded in its last edition with an increase of the 30% in the international visitors with countries such as Portugal, France, Italy, United Kingdom, Germany, and the Netherlands among others. The 2022-edition will be arranged in...

New CV90 Combat Support Vehicles delivered to Norway

  The first four CV90 Combat Support Vehicles were delivered to the Norwegian Armed Forces during a ceremony hosted by local industry partner Ritek AS in Levanger, Norway. The four vehicles are the first of 20 modernized CV90 engineering vehicles BAE Systems will deliver, in partnership with Ritek and the Norwegian Defense Materiel Agency. “While rebuilding these vehicles, it has been important for the government that Norwegian jobs are supported", said Bent Joacim Bentze...

Maersk is building custom-made logistics solutions to keep customers’ special cargo in safe hands

Transporting special cargo around the world doesn’t come without its complications. Unlike traditional container shipping, special cargo comes in unpredictable shapes and sizes and requires custom-made loading solutions, and given the typically high-value and sensitive nature of these items, these solutions must be faultless. Special cargo complexities If cargo isn’t loaded correctly and damages occur, the ripple effects can be devastating. For example, whether it’s a 118-t...

Maritime UK launches the Global Women in Maritime Series to celebrate the inaugural International Day for Women in Maritime

Maritime UK is joining the global maritime sector, in order to celebrate the inaugural International Day for Women in Maritime. The theme is ‘Training-Visibility-Recognition: Supporting a barrier-free working environment’. The day celebrates women in the industry. It is intended to promote the recruitment, retention and sustained employment of women in the maritime sector, raise the profile of women in maritime, strengthen International Maritime Organization’s commitment to th...

CMA CGM and Air France-KLM join forces and sign a major long-term strategic partnership in global air cargo

CMA CGM and Air France-KLM have announced that they are joining forces and signing a major long-term strategic partnership deal in global air cargo delivery services. CMA CGM - Air France-KLM This industrial cooperation combines Air France-KLM’s air transport experience and know-how with CMA CGM’s global supply chain expertise and assets. Air France-KLM and CMA CGM will jointly sell their air freight capacity, in order to provide customers with more options for their transportatio...

Forto announces the appointment of Thomas Eisenblätter as the Vice President of Global Sea Freight Management

Forto, a provider of digitised freight forwarding and supply chain solutions, announces the appointment of Thomas Eisenblätter as Vice President of Global Sea Freight Management, FCL. In his new role, Eisenblätter will oversee the procurement and business development of the Forto offerings for international Sea Freight. Eisenblätter brings more than 30 years of operational, business development and partner management experience to Forto. He joins the company after most recently s...

COMSAT and Satcom Direct Communications form SD Government for enhanced customer offerings, support and service

Satcom Direct, the business aviation solutions provider, has ramped up its support for military and government customers by unifying COMSAT and SD Communications, under a new brand, SD Government. The rebrand brings its military and government services and support under one umbrella to deliver customers streamlined access to the entire SD ecosystem of services for an even stronger connectivity and support experience. Reliable, consistent connectivity Integration of SD Government with the coll...

Wrist posts increased business volume and operating profit for 2021

In 2021, Wrist further consolidated its position and increased operating profit as the supplier of marine provisions, stores, and spare parts logistics to the ship and offshore industry not least through a strategic transition and substantial investments in the development of customised digital solutions. Increasing business and revenue  Wrist succeeded in increasing business volume and revenue, improving the underlying operating profit. Several major, global customer frame agreements we...

KONGSBERG expands its footprint in Horten, Norway with plans to move into a new building in Horten Industrial Park (HIP)

KONGSBERG has decided to move to Horten Industrial Park (HIP), in Horten, Norway, in 2025. A completely new building will be built there that can bring together the group’s operations in the city, which is currently spread over six addresses. “We are growing in Horten and today, we can rejoice that the board of KONGSBERG has chosen to invest further for the future here. A new sustainable building, at the water's edge and designed for our business is becoming a reality”, said E...

Inmarsat releases new research report - The Optimal Route, which addresses the major concerns regarding maritime CO2 emissions

Maritime industry can achieve vast majority of its greenhouse gas (GHG) emissions reduction target through digital technologies, according to a major new report into decarbonising shipping. The maritime industry, which carries over 90 per cent of world trade, accounts for 2.5 per cent of greenhouse gas emissions globally. To hit the target of a 50 per cent reduction in global shipping CO2 emissions by 2050, as set by the International Maritime Organization (IMO), it is estimated that the sector...

A.P. Moller – Maersk’s dedicated breakbulk specialists to exhibit customised solutions for special cargo at Breakbulk Europe 2022

Shipping special cargo is a work of art that A.P. Moller – Maersk (Maersk) has been striving to perfect for more than four decades now. Maersk moved special cargo, even before containers were first introduced in the 1970s and they have been carrying out-of-gauge and breakbulk cargo across the company’s global network of ships, trains, trucks, and barges ever since. Special cargo needs customised solutions A.P. Moller – Maersk understands that no one size fits all. Every spec...

U-Boat Worx unveils the world’s first 35-metre ‘Under Water Entertainment Platform’ – UWEP submarine

Globally renowned company in manned submersibles, U-Boat Worx is excited to announce the launch of a completely new class of submarine – one that has been designed to host the most prestigious and memorable events on the planet. UWEP autonomous submersible The ‘Under Water Entertainment Platform’, or UWEP for short, is a completely autonomous submersible with capacity for up to 120 guests, excluding crew. Guests will experience diving to depths up to 200 metres in comfort and...

Thales’ advanced technology solutions deployed by the Royal Australian Navy to keep Australia safe

For over 30 years, Thales Australia (Thales) has been a trusted partner of the Royal Australian Navy, onboard and onshore. Australian capability, above the water and below the water, is at the heart of everything Thales does. From designing, manufacturing and integrating advanced sonar and autonomous underwater systems, to successfully maintaining the Royal Australian Navy’s critical assets, so they are available whenever and wherever they are needed, Thales carries out all tasks effi...

ClassNK announces the release of PrimeShip-HULL 2022 design support system for new structural rules

Tokyo - Leading classification society, ClassNK has released its design support system – ‘PrimeShip-HULL 2022’. PrimeShip-HULL 2022 design support system complies with the recent comprehensive revision of ClassNK’s Rules for the Survey and Construction of Steel Ships Part C and provides extensive support for ship-building design that combines safety and rationality. PrimeShip-HULL series software for strength evaluations PrimeShip-HULL series is software for strength e...

Kelly Clarkson and Norwegian Cruise Line (NCL) celebrate teachers with free cruises and exclusive concert aboard new ship – Norwegian Prima

GRAMMY Award-winning artist and superstar Kelly Clarkson has announced that she would join Norwegian Cruise Line, in celebrating and rewarding educators, as part of the ‘Norwegian's Giving Joy’, annual recognition programme, hosted by Norwegian Cruise Line (NCL), the innovator in global cruise travel. In honor of Teacher Appreciation Week (May 2 – 6, 2022), the songstress and TV host and producer concluded a week-long on-air celebration recognising educators on her criticall...

CULINES launched the upgraded TPC service at YICT

In September 2021, CULINES launched its South China – USWC TPC service, which has received broad attention and recognition in the market. After operation for over half a year, CULINES has recently announced to launch of its TP2.0 services, of which the upgraded TPC is the flagship. The voyage MV RENJIAN 09 E2217 on May 5 at YICT would be the official launch. On this voyage, about 2,200 TEUs have been loaded at YICT, some of which are e-commerce cargoes of BCO customers with newly signed l...

IMO announces Norway-funded Carib-SMART Preparatory Phase Programme for sustainable maritime transport in the Caribbean

Norway-funded Carib-SMART Preparatory Phase Programme will enable Caribbean SIDS maritime sector to build-back better, post the COVID-19 pandemic. A new programme to develop and implement a Sustainable Maritime Transport (SMART) system in the Caribbean has begun in a preparatory phase, aimed at supporting the small island developing states (SIDS) of the Caribbean region, in order to build-back better from the impact of the COVID-19 pandemic on the maritime sector. Carib-SMART Preparatory Phase...

Stabilisation of numbers in the May Neptune Indicator, despite ongoing lockdowns and the war in Ukraine

The May Crew Change Indicator records a tiny increase in seafarers onboard vessels beyond their contract expiry since April, but overall does not indicate that the fears of a re-escalation of the crew change crisis due to the war in Ukraine have been fulfilled. May Indicator The latest Indicator shows that the number of seafarers onboard vessels beyond the expiry of their contract has increased slightly from 4.2% to 4.5% in the last month, while the number of seafarers onboard vessels for over...

Barcelona to host WOC headquarters, Sustainable Ocean Summit (SOS) 2022 and the first Blue Finance Summit (BlueFIN) 2022

The World Ocean Council (WOC), the City of Barcelona and the Port of Barcelona are partnering to develop the leading global hub for the Blue Economy, which will now include the headquarters for WOC, the global Blue Economy Business and Investment Organization. The World Ocean Council’s events and activities will complement the Blue Economy efforts in Barcelona, Spain and its port, as well as strengthen the city’s leadership commitments. WOC’s Blue Economy events To celebrate...

Babcock’s vehicle support team wins the Minister for Defence Procurement Acquisition Award

Babcock’s Vehicle Support Team (Operations), part of the DE&S Organisation, has won a Minister for Defence Procurement Acquisition Award for supporting the deployment of British troops to Mali on Operation NEWCOMBE, which was a collaborative effort involving Army HQ, DE&S, Babcock and other industry partners. The team, comprised of both military and civilian personnel, is responsible for the in-service support of the land vehicle fleet on operations and training worldwide. Urgent...

Teknotherm announces the company will present at the Offshore Technology Conference (OTC) 2022

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Celebrating 50 years since 1969, OTC’s flagship conference is held annually at NRG Park (formerly Reliant Park) in Houston, Texas, USA. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia. Offshore Technology Conference (OTC) 2022 The...

Inmarsat enables digitalisation, decarbonisation and crew welfare for global shipping with ‘Fleet Xpress Enhanced’

Fleet Xpress, enhanced by Fleet Edge, brings together the best of Inmarsat connectivity solutions to help global shipping companies harness the full power of a connected maritime ecosystem Shipping companies can harness the full power of a digitally connected maritime ecosystem to support their digital transformation via Inmarsat directly or Inmarsat’s global network of partners. Fleet Xpress Enhanced solution The Fleet Xpress Enhanced solution provides access to a wider portfolio of In...

OceanWise announces that the company’s Shane Djokey awarded ‘Software Development Technician’ apprenticeship distinction

OceanWise’s Shane Djokey, who started with the team in September 2020 (slap bang in the middle of the global COVID-19 pandemic!) has been awarded a distinction in his apprenticeship as ‘Software Development Technician’. Shane Djokey has been working with the Technical Team at OceanWise, under the guidance and support of the company’s Managing Director - Caroline Levey and the Line Manager - Steve Bourne, as an Information Systems Apprentice.  ‘Software Develo...

Prysmian Group to exhibit its state-of-the-art deep-water umbilical solutions and cable systems at the Offshore Technology Conference 2022

Prysmian Group, the globally renowned company in the energy and telecom cable systems industry, is pleased to return to the Offshore Technology Conference (OTC) 2022 in Houston, Texas, from May 2 to May 5, 2022, at booth 2942. At OTC 2022, the company will present its full range of high-tech cables solutions, supporting the energy transition and the development of power generation from offshore renewable sources, namely offshore wind. Deep-water umbilical solutions The Group will also present...

CMA CGM and WWF form a strategic partnership towards more sustainable shipping and logistics

CMA CGM Group, globally renowned company in shipping and logistics, and WWF France have entered a partnership to decarbonise shipping and logistics, strengthen the fight against illicit trafficking in protected species, and preserve marine ecosystems. This collaboration is true to CMA CGM's commitment to achieve Net Zero Carbon by 2050 and in line with the numerous initiatives undertaken by CMA CGM, in order to reduce its environmental footprint and fight against ocean pollution. CMA CGM and W...

ClassNK issues Approval in Principle (AiP) for Large Liquefied Hydrogen Carrier developed by Kawasaki Heavy Industries

ClassNK has issued an Approval in Principle (AiP) for a large liquefied hydrogen carrier developed by Kawasaki Heavy Industries, Ltd. Hydrogen is expected to be used as a clean energy source to realise a decarbonised society as its burning does not emit CO2. To contribute to the maritime transportation of hydrogen and usage for marine fuel, which is anticipated to expand its use worldwide, ClassNK has worked on the establishment of necessary standards and certification. Approval in Principle...

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