Finance - News

Survitec will be attending the Security & Policing Virtual Exhibition, UK on 9 – 11 March 2021. The show is organised by the UK Home Office for command, control and operational equipment used by security agencies and features the latest products and services in law enforcement equipment. Height safety characteristics Survitec will feature some of their Maritime Operations Capabilities, including the XTP 290N lightweight duty lifejacket, which can be tailored to suit each individual...

2020 was an unstable year for Blue Water’s Aerospace Logistics. The team assists the Aviation industry with all kinds of logistics needs including aircraft-on-ground (AOG) logistics, aircraft engine transportation, helicopter transports, airside logistics, customs solutions, warehouse logistics and tailored transport solutions in general - by road, rail, courier and air. Like many other activities, Aerospace Logistics was affected by the global lockdown of the Aviation industry. Due to a...

For many years, they have seen a huge global development in the Renewable Energy segment in general, and not least in the Wind sector. The development involves the political mandate and the geographic scattering, but certainly also technologically and volume-wise. "We think it is marvellous to be part of an industry where the sky is the limit. The demand on the suppliers is continuously changing - and the market is constantly opening up new opportunities. The biggest challenge is how to keep up...

The Energy & Projects division in Brest has provided logistics support to the shipment of a cooling prototype unit from mainland France to the isle of La Désirade in the French Caribbean. This prototype ‘Cryosolar’ was designed by the French renewable energy developer - VALOREM and aims to provide and store cooling power to isolated communities using solar power. Regular container lines The prototype’s most notable characteristic is that it consists of a 40’...

From October 2020 to late January 2021, Blue Water completed three project shipments of equipment from Italy to Northern China for a good client.    The total weight of the cargo consisting of 142 units was 895 tonnes, the heaviest units weighing 162 tonnes each. The equipment was to be installed on board an FPSO vessel (Floating Production Storage and Offloading) at a shipyard in China. Project The project was executed with the local manufacturer in Italy, the client in China, and...

Vincent Clerc, A.P. Moller - Maersk’s CEO of Ocean & Logistics spoke at the JOC Transpacific Maritime Conference - North America’s largest (virtual) customer and industry event - to set the context of supply chain disruption for customers and three themes for improvement. “The threat of supply chain disruption is an industry constant,” said Mr. Clerc addressing the virtual event from his office in Copenhagen, Denmark. “According to a survey done by the Economis...

In France, focusing on a new potential - the low-hanging fruit - for a while. It has indeed proved to be quite interesting, and have had to employ additional manpower to cope with the increased work volume. Before Brexit, the British fishing boats landed their catches in Roscoff or Guilvinec in Brittany and sold the fish at the fish auction in Guilvinec. Now the fish must be declared to customs, and Brest is the only port in the region that is authorised to discharge these boats. Brest experie...

To support its growing scope of activities across the globe, the World Shipping Council (WSC) is as of March 1, 2021, adding two positions to its operations in Singapore, as well as welcoming a new colleague in the US. Appointments in Singapore They will both engage with WSC members on a broad range of policy matters including environmental and climate In Singapore, WSC welcomes Senior Manager Mun Wei Jun and Senior Executive Ang Shi En. They will both engage with WSC members, government regu...

Recently, Blue Water’s Energy & Projects division arranged two air charters in close cooperation with its global Air Chartering desk. Transport offshore equipment Unforeseen volcanic activity en route forced them to come up with a successful alternative flight plan For one of BWS's long-time Oil & Gas clients, it chartered an Antonov AN-124 to transport offshore equipment from Denmark to Australia, almost 6,300 miles. Due to efficient coordination between the client’s...

In the world of mining, everything is oversized and huge. Transporting and using mining equipment makes the user feel tiny, so nothing is bigger than the issue of on-site and off-site safety. TGI Cargo understands the mining sector like no other logistics company, as they stand on site and see these machines in action. Having partnered with some of the top mining companies across the world, they understand the risks and hazards and how to mitigate them. Transport mining equipment Thorough pre...

CULines is launching several new routes in March 2021, to further expand its service network, meet the diversified transportation needs of customers, and deliver better services. South China-Thailand service The first route opened by CULines after the 2021 Chinese New Year is the South China-Thailand service (SCT), which will welcome its maiden voyage on March 6, 2021.  The SCT is one of the fastest and most stable South China-Vietnam/ Thailand routes For the SCT, CULines has deployed t...

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25-year lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field in the Santos Basin approximately 180 kilometres offshore Rio de Janeiro in Brazil. FPSO installation, and operation Under the contract, SBM Offshore is responsible for the engineering, procurement, construction, installation, and op...

DNV GL has been committed to using its position as an independent third party to build trust in data quality and confidence in secure sharing of data. At the same time, DNV GL has been working to take advantage of the opportunities created by digitalisation to offer new services and ways of working that enhance the customer experience, improve quality and are more efficient. “Shipping is in the midst of a tectonic shift towards digitalisation – towards being able to access and utili...

ReSea Project is a community-driven solution to remove plastic from oceans and rivers. The certification covers their traceability system for the collection process in Indonesia.  The cleanup solution is community-driven, meaning that people in local communities are employed to recover the plastic polluting oceans and rivers. This contributes to better living conditions for those removing the plastic and their families, and it helps raise awareness to stop plastic pollution at it...

Golden Ocean Group Limited is contemplating entering into a transaction for the acquisition of 18 modern scrubber-fitted dry bulk vessels consisting of 10x Newcastlemaxes built 2019-21 and 8x Kamsarmaxes built 2020-21 (the “Vessels”) from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, the Company’s largest shareholder. Fleet renewal strategy The transaction will add sig...

FESCO Transportation Group (FESCO) is expanding the coverage of its railway service FЕSCO Moscow Shuttle (FMS) on the route from Vladivostok to Moscow by adding a new point of departure and arrival – terminal and logistics center - Bely Rast. Thus, FESCO trains will be able to arrive at and depart from 4 stations in the Moscow region – Silikatnaya, Khovrino, Selyatino, and Bely Rast. Intermodal transport chain The first train loaded with 95 containers arrived at the Bely Rast stat...

ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp, announce a strategic agreement for the long-term charter of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve ZIM's Asia - US East Coast trade. ZIM is a player in this growing trade with an estimated market share of 9% according to market intelligence provider, PIERS. Growing market demand Eli Glickman, ZIM President & CEO, stated: "This is a milestone ag...

On the evening of February 7, 2021, CULINES’ first ad-hoc voyage extra-sailing container ship under the China-Europe service – M/V LAILA departed from the Yantian International Container Terminals with a full load, heading for the ports of Rotterdam and Hamburg. CULINES always see it as a top priority to assist customers in completing transportation tasks. So this ad-hoc service additional vessel deployed for the Spring Festival is an attempt by CULINES to address the shipping capac...

2020 has been another year of solid progress for A.P. Moller - Maersk., both in terms of financial performance and in transforming the company. Despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record Q4 results in Logistics and Terminals, while Ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. Accelerated transformation “2020 will forever be remembere...

SBM Offshore is pleased to announce the successful pricing of a US$850 million non-recourse senior secured notes transaction in a 144A/Reg S offering by a subsidiary company. The issuer of the notes is Guara Norte S.à r.l. (Guara Norte), which owns the FPSO Cidade de Ilhabela. SBM Offshore owns 75% of the equity in Guara Norte and the remaining 25% equity is held by Mitsubishi Corporation. Transaction details The notes are rated Ba1 (Moody’s) and BB+ (Fitch) and were priced at 99...

FESCO Transportation Group has sent the first container train loaded with cars from the city of Chongqing (China) to the Bely Rast Terminal and Logistics Center via Mongolia. The route goes through the border checkpoints of Erlian/Zamyn-Uud/Naushki. Transport volume FESCO has experience in transporting containerised imported cars and semi-knocked-down kits The first train consisting of fifty 40FT containers loaded with 150 cars arrived at the Bely Rast Terminal and Logistics Center (a joint v...

Globally renowned ferry company - Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark, no later than in 2030. This was announced by Stena Lines’ Chief Executive Officer (CEO) - Niclas Mårtensson, during a press conference about the industry collaboration project - Tranzero Initiative, in Gothenburg, on Thursday, 4 February, 2022. Tranzero Initiative collaboration project The aim is to cut emission...

In order to provide a more comprehensive service coverage to USWC, Wan Hai Lines is pleased to announce its plan to launch four weekly services from Asia to USWC.  These services are revamped from Wan Hai’s existing service structure, so as to meet their strong customer requirements. Port rotation Port rotation of the services are as following: AA1: Shanghai－Ningbo－Los Angeles－Shanghai AA2: Kaohsiung－Yantian－Long Beach－Yantian－Kaohsiung AA3: Haiphong－Cai Mep－Hong Kong...

The relationship between VSTEP and ROC Kop van Noord-Holland continues to flourish, as ROC Kop van Noord-Holland signed a new deal to upgrade their maritime simulators to NAUTIS 3. ROC Kop van Noord Holland is one of the training institutes of the Netherlands that offers vocational training to thousands of students and participants each year. Their maritime training center has signed a deal with VSTEP to upgrade their existing NAUTIS 2 maritime simulators to NAUTIS 3. Including software upgrad...

CULines signed a contract for the building of 2+2 1900 TEU container vessels with CSSC Huangpu Wenchong and held the signing ceremony at the Nansha factory of CSSC Huangpu Wenchong. Deputy Director Pan Yuzhang of the Administrative Committee of the Guangzhou Nansha Economic and Technological Development Zone, Deputy General Manager Song Xiaoming of Guangzhou Port Group, Chief Operating Officer Wang Jianmin of Port and Shipping of Administrative Committee of Hainan Yangpu Economic Development Zo...

On 26 January 2021, the icebreaker of FESCO Transportation Group ('FESCO') - 'Vasiliy Golovnin' departed from the port of Cape Town (South Africa) to Antarctica, carrying supplies for the Indian research stations. The expedition will be completed at the beginning of May 2021. Cargo transported to Antarctica In Cape Town, South Africa,  the vessel was loaded with 1138 tons of various cargo including equipment, fuel and food. The vessel will also transport 50 Indian researchers to the Indi...

After its last order of 8 container ships from Japan Marine United Corporation (JMU), back in November 2018, Wan Hai Lines again contracted twelve new-build 3,013 TEU ships with JMU/Nihon Shipyard Co Ltd. (NSY). This new series of vessels are expected to be delivered successively from the end of October 2022. As part of Wan Hai’s continuous efforts on providing quality shipping service to its customers, the most advanced design specifications will be employed to ensure higher energy effic...

OCIMF has joined the World Association for Waterborne Transport Infrastructure’s (PIANC) Maritime Navigation Commission Working Group (MarCom WG) in revising Report No. 212 Criteria for Acceptable Movement of Ships at Berths (Update of MarCom WG24). OCIMF Marine Structures and Civil Engineering (MSCE) members regularly participate in PIANC to provide operational, inspection, and maintenance expertise, especially when external guidance could potentially impact the oil and gas sector, membe...

To further ease the tension that existing vessels are not enough to satisfy the needs of customers, CULINES announced that the first ad-hoc container vessel under the China-Europe service deployed for the Spring Festival would make its maiden service on February 6. Called at various ports In the maiden service to Europe, the CULINES’ ad-hoc container vessel for the Spring Festival will call at the ports of Rotterdam and Hamburg, the biggest ports in Europe. Besides, the vessel will call...

WSM joins other fourteen members spanning the shipping value chain: ABN Amro, Bunge, Forum for the Future, IMC Industrial Group, Lloyd’s Register, Louis Dreyfus Company, Maersk, Oldendorff Carriers, Priya Blue, RightShip, The China Navigation Company, South32, Standard Chartered Bank, and WWF. SSI brings together like-minded, organizations with shared goals and determination to improve the shipping industry. Members, ranging from shipowners and charterers, to environmental NGOs, banks,...