Finance - News
Ship owners, operators and managers responding to an environmental survey, carried out by Canadian-based McMaster University’s DeGroote School of Business, have acknowledged the need to reduce operational oil leakage from propeller shafts, but a lack of understanding about cleaner alternatives is preventing any meaningful technological change. Environmental survey Researchers questioned more than 1000 marine industry professionals in 2021, in order to better understand why the majority o...
ABB has been awarded a contract worth around US$ 30 million by the Canadian data and analytics company - EarthDaily Analytics (EDA), to develop and manufacture next-generation multispectral imaging systems, which are to be placed on 10 satellites (including an in-orbit spare) that will circle the Earth. The order was booked in the first quarter of 2022. Multispectral imaging systems Multispectral imaging systems capture data at specific light frequencies across a wide spectrum, and the EarthDa...
With CMA CGM’s SMART reefer container, people can track the position and status of their refrigerated goods and ensure that they are being transported in optimal conditions. The SMART reefer container, supply chain management is facilitated through an intuitive online interface that is updated in real time. This enables them to be more proactive at every step of the transport process. SMART reefer containers CMA CGM’s SMART reefer containers are equipped with state-of-the-art Emer...
MSC CEO Soren Toft joined Head of States and CEOs of other major container lines to discuss ocean protection and the importance of decarbonising shipping at the One Ocean Summit, a global summit dedicated to the protection of the oceans organised by French President Emmanuel Macron. “At MSC, our heritage is the sea, our present is the sea, and our future is the sea,” Soren said. Net decarbonisation by 2050 During his speech, he focused on MSC’s commitment to achieving net de...
The market for Inventech Marine Solutions patrol boats has been pretty steady. That’s especially true in Florida where “we’ve done a lot in the state and it continues to grow,” said Jenson Charnell, President of the Bremerton, Wash., boatyard. Popular Inventech aluminum patrol boats are the 31 and 33 full-cabin models. The enclosed cabins offer protection “so it’s a versatile platform that can go throughout the year,” Charnell said. "The bow c...
On February 15, 2022, CULINES and CSSC Huangpu Wenchong Shipbuilding Company signed an order for 2*2,700TEU container newbuildings. A signing ceremony was held at the headquarters of Guangzhou Port Group. Mr. Yibo Li (Chairman at Guangzhou Port Group), Mr. Xiaoming Song (DGM at Guangzhou Port Group), Mr. Lingtang Zheng (DGM at Guangzhou Port Company), Mr. Huiming Xiang (Chairman at CSSC Huangpu Wenchong Shipbuilding), Ms. Xi Li (DGM at CSSC Huangpu Wenchong Shipbuilding), Mr. Feng Liang (GM at...
Andre Simha, Global Chief Digital and Innovation Officer, will be virtually taking to the stage at 11:45 AM PST/ 2:45 PM EST on Friday, 25 February to take stock of where the shipping industry stands on the adoption of common processes and data format standards to clear the path for digital innovation. The session, titled ‘What Needs to Be Standardised in Global Shipping?’ will be moderated by Eric Johnson, JOC’s Senior Editor, Technology, and will be set in the context of an...
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA – the Agency), Dr. Bashir Jamoh has commended the Nigerian Navy for its continued support to the Agency, over the years. Floating Dockyard The NIMASA Director General, Dr. Bashir Jamoh, who stated this when he met with the Admiral Superintendent of the Naval Dockyard Limited, Rear Admiral Kohath Levi, on a working visit, particularly appreciated the Nigerian Navy for hosting and securing the Agency&rsq...
“It feels like we’ve finally broken free of the pandemic chains,” said Nor-Shipping’s Director, Sidsel Norvik, following the news that Norway ended its national coronavirus restrictions this weekend. With no further regulations relating to social distancing, event numbers, international travel, or the use of facemasks, ‘Your Arena for Ocean Solutions’ can run a full exhibition and event programme for the first time, since its successful 2019 outing. Sidsel N...
For the first trip after taking office as the Co-CEO (Co-Chief Executive Officer) of CULINES, Mr. Lars Christiansen, accompanied by CULINES U.S.A. team, paid a visit to the Los Angeles office of Flexport in December, 2021. Ryan Petersen, the Founder & CEO (Chief Executive Officer) of Flexport, and other executives attended the meeting. CULINES and Flexport partnership CULINES is striving to become a digital logistics company based on liner services, while Flexport is a technology company...
In December, 2021, China United Lines (CULINES) and Peter Döhle Schiffahrts-KG (PD) signed an agreement on strategic partnership. Mr. Christoph Döhle (Managing Partner at PD), Mr. Lars Christiansen (CO-CEO at CULINES), Jan Döhle (Managing Director at Blue Net Chartering), Mr. Christoph Tamke (Managing Director at Menzell Döhle), and Mr. Bastian Schmidt (Managing Director at Menzell Döhle Shipping) attended the ceremony at PD headquarters in Hamburg. Mr. Raymond Chen (Ch...
A&P Group, Cammell Laird and Red Funnel have announced a new Apprenticeship Partnership Agreement, which will result in apprentices from all three companies being offered the chance to train across some of the largest businesses in the maritime sector. A&P Group and Cammell Laird operate the UK’s largest commercial ship repair facilities. Both businesses have recruited hundreds of apprentices in recent years, offering training in marine engineering, fabrication, electrical, projec...
Seaglaze has announced that the company will be exhibiting at the first ever Boatlife Live event, taking place at The NEC Birmingham, from February 17 to February 20, 2022. Seaglaze at Boatlife Live Seaglaze invites everyone to come at the company’s exhibition both on stand F46, to check out all the products and solutions on display that cater to a wide range of window, door and hatch requirements. One of UK’s renowned company in the marine windows, doors and hatch industry, Seagl...
The One Ocean Summit, a global summit dedicated to the protection of the oceans, organized by French President - Emmanuel Macron, opens for three days from Feb 9 to Feb 11, 2022. On this occasion, CMA CGM reaffirms its commitment to the protection of the climate and biodiversity. The CMA CGM Group is determined to act as quickly as possible to limit the effects of global warming on our planet and the damage to biodiversity. It also takes concrete decisions on a daily basis, true to its CSR appr...
This is the first biofuel collaboration between Unifeeder and VARO, which supports both companies’ ambition to significantly reduce the carbon footprint of European transportation and improve the environmental impact of the shipping industry. In September 2021, feeder vessel Elbsummer was bunkered biofuel B50 (50% biofuel / 50% MGO). It then underwent a scheduled main engine overhaul, which allowed the biofuel B100 (100% biofuel) to be trialed. Unifeeder has now bunkered 400 mt of VAR...
The World Shipping Council (WSC) notes that the Senate has now introduced its own bill, the Ocean Shipping Reform Act, to amend the Shipping Act. John Butler, the President and Chief Executive Officer (CEO) of the World Shipping Council (WSC), said “Ocean carriers continue to work with all members of the supply chain, the Federal Maritime Commission, the administration, and their customers, to identify and implement operational solutions to mitigate the ongoing supply chain congestion.&rd...
The Seafarers’ Charity is funding a new membership organisation to represent, support, and promote women working in the UK fishing industry. UK Women in Fisheries UK Women in Fisheries is a new network for all women who work in the UK’s fishing industry. Women who are vessel owners, fleet managers, fishers, fishmongers, processors, fishing conservationists, charity workers, trainers, or working in other roles in the fishing industry are invited to join and benefit from networking...
The Maritime Skills Alliance (MSA) is delighted to announce that Mr. David Tournay has agreed to become Secretary to the MSA, post the retirement of Iain Mackinnon on March 31, 2022. David Tournay will also become Secretary to the Maritime UK People and Skills Forum. David has worked in the vocational learning field for nearly 30 years, working across a diverse range of industry sectors from aviation and hospitality to jewellery making and archaeology. New Secretary to the Maritime UK Pe...
At a semi-digital ceremony in Busan, South Korea in late-December 2021, MAN Energy Solutions signed a licence agreement with Hyundai Heavy Industries (HHI-EMD) for MAN’s new TCT axial-turbocharger series. Due to run for ten years, this is the first turbocharger licence agreement MAN Energy Solutions has ever signed with HHI-EMD. Generally acknowledged as the largest, marine two-stroke engine builder in the world, Hyundai Heavy Industries has been a low-speed licencee of MAN Energy Solutio...
Mitsubishi Shipbuilding Co., Ltd., a Yokohama-based member of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with Sanyu Kisen Co., Ltd., a Kobe-based marine solutions enterprise that is principally engaged in management of ships navigation in Japanese, as well as international waters, calling for the construction of a demonstration test ship, in order to transport liquefied carbon dioxide (LCO2). The agreement is in conjunction with initiatives of the New Energy and Industria...
Maritime UK has announced the launch of its Careers and Outreach Programme impact report for the period of 2020-21. The report sets out progress in delivering careers and outreach activity, since Maritime UK received funding from the Department for Transport, as part of the 'Maritime 2050' delivery programme. Careers and Outreach Programme Maritime UK, the umbrella body for the UK’s maritime industries, was tasked with better coordinating existing careers activity and making progress in...
Nor-Shipping has been buoyed by the response of exhibitors to its COVID-19 pandemic-induced move from the earlier scheduled exhibition dates in January to April 2022. In a candid interview, the Director of Nor-Shipping, Sidsel Norvik admits she expected inevitable cancellations, as a result of the schedule change, but says these have been minimal, while those that have pulled out have simply transferred attendance to the summer 2023 event of Nor-Shipping. Nor-Shipping 2022 exhibition What...
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has announced an increase of 43.6% in condition survey for Flag Registration by the Agency, in the year 2021, as against the performance in the year 2020. NIMASA also recorded an improved Port State Control (PSC) implementation in the year 2021, with 24.2% higher than the PSC inspections of the year 2020. Improved Port and Flag State Administration Dr. Bashir Jamoh, who disclosed this dur...
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has established the Marine Decarbonation Business Development Group, responding to the energy transition strategy promoted by MHI Group. New organisation formed This new organisation formed by consolidating a range of functions, from technology development and market research to the formulation and implementation of business strategies, will utilise the advanced technologies accumulated by the company, over i...
Long-term contracted ocean freight rates fell by 3.6% in January 2022, according to the latest Xeneta Shipping Index (XSI®) Public Indices. Based on crowd-sourced data from global shippers, the analysis shows the second consecutive monthly rates decline, following a staggering 14 months of consistent increases. As such, despite the dip, contracted rates stand 98.1% up year on year, demonstrating the commanding position carriers continue to occupy in shipping negotiations. Pain and g...
MSC returns to TPM Conference in Long Beach, USA, which will be held on the following dates: 27 February – 2 March. TPM is organised by The Journal of Commerce within IHS Markit and is the premier conference for the trans-Pacific and global container shipping and logistics community. Annually attracting the most senior-level audience in the industry, TPM is a platform for a week of essential and intensive networking, negotiations, and relationship building among the multiple parties in th...
The Norwegian Shipowners Association has announced that they welcome the Ocean Fund initiative to speed up the green transition in the global shipping industry. They believe that if shipping is to achieve ambitious climate goals, the global maritime industry needs to put in place, new and effective measures that will stimulate investment in green technology and emission-reducing measures. The Ocean Fund 75 per cent of the funds received, as part of the Ocean Fund, will go back to the shipping...
Less than 15 percent of TGI's domestic freight uses Australia’s Blue Highway – the 80 or so ports and seaways surrounding the country connecting cities and towns and the world. Sea freight is often overlooked because of misconceptions that road and rail freight is more cost-effective. However, when it comes to transporting oversized and heavy equipment, sea freight has a much lower cost per tonne, especially over longer distances. So, what does the user need to know about domestic s...
The extraordinary general meeting of MPC Container Ships ASA (the company) was held on Jan 28, 2022, at the company's office located at Munkedamsveien 45 A, N-0250, in Oslo, Norway. The extraordinary general meeting adopted all resolutions on the agenda. The information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
As a consequence of increased business volume and in line with the execution of the Group's growth strategy, Blue Water has extended the group's top management, which grows from three to four members. The new member will be Thomas Bek, promoted from Global Director of Energy & Projects to COO for Energy, Ports & Projects Division. Current COO Dan Nissen will be responsible for road, sea & air division, including transport and logistics of industrial goods, consumer goods, food and m...