Regulations - News
SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The project loan has a tenor of two years post-completion, in line with the du...
Influenced by the global COVID-19 epidemic and other factors, the dilemma of "one equipment is difficult to obtain" for foreign trade customers is further highlighted. To solve the urgent needs of customers, CULINES made efforts to increase the supply of shipping space on various services in July. Asia - Europe service upgraded CULINES has expanded the AEX service scope and added direct service from Asia to London Tilbury, UK China United Lines will upgrade its AEX route (Asia - Europe Expre...
In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycle...
Rolls-Royce and MAN Energy Solutions. have signed an agreement for a strategic partnership that will see MAN's PBST brand distribute state-of-the-art mtu turbochargers. “With this cooperation, we are combining our competencies − on the one hand, PBST's global sales structure for turbochargers and, on the other hand, Rolls-Royce's latest high-efficiency mtu turbocharger technology for high-speed diesel and gas engines," explains Andreas Schell, CEO of Rolls-Royce Power System...
Iridium Communications Inc. announced that the Iridium Certus® 200 service is commercially available for maritime, land mobile, and government markets. The new service class offers the best performance-to-value in the industry for maritime and land-mobile applications, with aviation solutions targeting late 2021. Unlike competing L-band broadband services that require a large antenna dome, Iridium Certus 200 offers uncompressed transmission speeds up to 176 Kbps and up to three high-quality...
Tianjin Branch of Shanghai New SITC Container Maintenance Co., Ltd. (hereinafter referred to as SITC Tianjin Branch) held a grand opening ceremony at the Xinhua Tin yard in Tianjin Port Free Trade Zone . Guests present Lai Zhiyong, President of SITC Logistics Group, Kefei, General Manager of Container Lines Tianjin, Yu Jian, General Manager of Yard & Shipping Agency Development, Guo Xinde, General Manager of Qingdao Singamas, and Sun Luqiang, General Manager of Xinhua Tin Yard and other re...
The Seafarers’ Charity, in partnership with researchers at the University of Nottingham, released a new survey to better understand the reality of working conditions for fishing crew across the UK. The 20-minute research survey covers subjects including contracts and crew accommodation, facilities, and fishers' welfare. Crew members are encouraged to anonymously share their experiences of working life on fishing vessels. Financial challenges Catherine Spencer, CEO of The S...
Together with its partner - ScanOcean AB, Neste is broadening the sales and distribution of low-sulphur marine fuels in the Swedish market. At the end of June 2021, ScanOcean will add Neste MGO DMA from the Neste Marine™ 0.1 product range to their product offering, alongside the Neste MDO DMB. Both bunker grades will be available at the Södertälje ex-pipe bunker station that serves vessels also in transit into Lake Mälaren. Compatibility features We are working...
MPC Container Ships ASA is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS (“Songa”) for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the “Transaction”). Upon closing of the Transaction Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the “Songa fleet”) under the assumption of Songa having c...
MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ("Songa") for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the "Transaction"). Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the "Songa fleet") under the assumption of Songa having completed the sale of it...
FESCO Transportation Group and NFC Logistics Joint-Stock Company (organisation of Rosatom State Corporation) have made a cooperation agreement for developing intermodal transportation to the countries of the Asia-Pacific Region. The companies will cooperate in transportation of various cargoes from Russia to the countries of the Asia-Pacific Region using FESCO’s extensive network of sea and rail services, modernised fleet as well as port and terminal infrastructure. Providing flexible co...
Globally renowned Swedish ferry company - Stena Line has officially taken delivery of its newest RoPax ferry, Stena Scandica, on Friday, 18th June, 2021. The vessel is the first of two Visentini vessels that are being lengthened and modernised by Stena RoRo at the Sedef Shipbuilding in Tuzla, Turkey. Stena Scandica will start operating on Stena Lines route between Nynäshamn in Sweden and Ventspils in Latvia in the beginning of July 2021. Newest RoPax ferry, Stena Scandica Stena Line is w...
Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines. Minimising climate impact As companies adopt new meeting and engagement approaches taking the l...
The EEXI regulation is a medium-term component of the International Maritime Organization’s (IMO) roadmap towards reducing global shipping’s carbon intensity by 40 per cent over the next decade, using 2008 as a baseline. The aim of the EEXI is to assess the energy efficiency of existing ships, focusing solely on their design. It determines the standardised CO2 emissions related to a vessel’s installed engine power, transport capacity, speed, and degree of energy efficiency. Th...
Avikus, Hyundai Heavy Industries (HHI) Group’s newly established subsidiary, specialised in autonomous navigation technology, became South Korea’s first company to succeed in fully autonomous navigation of a ship. Avikus Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship for 12 passengers, at a demonstration event, held in Pohang-...
General cargo ship “FESCO Pioner” set sail on 13 June 2021. FESCO vessel will deliver to Anadyr and Egvekonot about 287 TEU of containerised cargo and 103 tonnes of general cargo. The approximate date of arrival of the vessel to Anadyr is 22 June 2021. Delivery of the goods on linear service "FESCO Anadyr Direct Line" (FADL) is to last until the end of October. FESCO vessels will have 5 voyages to deliver about 1500 containers and 1000 tonnes of general cargo to the ports of Anadyr...
Industry body Mersey Maritime’s third annual Maritime Exchange conference will be a hybrid event, taking place on Friday, June 25, both online and in the magnificent surroundings of a Grade-II-listed former Victorian hydraulic tower in Wirral’s docklands. Maritime 2050: Where are we now? is being organised by Mersey Maritime in partnership with the Department for Transport and Maritime UK and will discuss the progress of the UK’s Government’s Maritime 2050 report, which...
Due to popular demand the only event dedicated to maritime marketers is back. This year Marketing in Maritime takes to the digital stage, perfectly reflecting the evolving landscape that has faced marketers in all sectors over the past year. Building on the first live event in London, 2018, initiated by maritime marketing agency, Wake Media, MiM 2021: Discover Opportunity & Embrace the Change will be held on on 29 June – 1 July 2021. It will explore how marketers are adapting to the n...
DNV, the classification society, has launched Compliance Planner, a new digital tool that enables DNV customers to easily track the requirements and deadlines of legislation for both individual vessels and entire fleets. As both the number and complexity of international shipping regulations continue to grow, navigating the timelines and requirements has become an increasing burden on ship owners and operators. Compliance Planner presents a full overview of the requirements facing any v...
Kongsberg Maritime (KM) has won contracts to design and equip two construction service operation vessels (CSOV/SOV) for the Norway-based ship owner, Awind AS, a fully-owned subsidiary of Integrated Wind Solutions AS (IWS). The combined contract value is approximately NOK 250 million. Destined for the renewable offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design, by the Chinese shipyard, China Merchant Heavy Industries (CMHI), with which Kongsberg ha...
To support the pursuit of IMO’s decarbonisation targets, DNV has joined forces with 22 companies by entering into a Memorandum of Understanding (MoU) on a joint cross-industry study of common issues concerning ammonia as an alternative marine fuel. Partners include representatives from the fields of energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacture, bunkering, and classification. Transitioning to a low carbon future Transitioning to a low carbon futu...
CULINES held a ceremony at its Shanghai Headquarters to conclude a new building contract with Yangzijiang Shipbuilding (YZJ). This order is for two container vessels, each with a capacity of 2,400TEU. This is the second new-building order in CULINES’s investment program following the four 1,900 TEU feeder vessels announced earlier in 2021. Vessel investment program Low Load Tunning main engine uses the latest generation of EFI technology to upgrade the ship's energy saving...
Neste and ITOCHU Corporation has announced that they are joining forces to deliver renewable diesel to the Japanese market. In this collaboration, ITOCHU Corporation will be the first company in Japan to sell and distribute renewable diesel from Neste. In addition, FamilyMart, which is owned by ITOCHU Corporation and is one of the largest convenience store chains in Japan, will start to use renewable diesel in some of the delivery vehicles at their distribution centre in Yokohama City. Thi...
FESCO Transportation Group has provided relocation of four Kalmar’s straddle carriers CSC340 from JSC First Container Terminal in St. Petersburg to LLC Vostochnaya Stevedornaya Company in the Primorye Territory. Both the terminals are part of the Global Ports group. Multi-purpose dry cargo vessel FESCO used its multi-purpose dry cargo vessel equipped with cranes with a lifting capacity of up to 120 tonnes To transfer the carriers, FESCO used its multi-purpose dry cargo vessel FESCO Par...
PARAT is very happy to receive a new order from another Danish district heating company. Denmark is a pioneer in Europe in utilising renewable energy for clean heat. PARAT Halvorsen AS will supply the 7MW 20kV, high voltage electrode boiler for hot water with control cabinet and control system to Nibe Varmeværk. Primary grid regulation The IEH high voltage electrode boiler for hot water will be used for district heating and primary grid regulation. The electrode boiler has a design temp...
Wrist increased operating profit from its core business in 2020, but posted slightly reduced revenue at the Group level due to lower activity levels in other business areas on account of COVID-19. Following the implementation of Customer and Operational Excellence programs and the launch of an ambitious digital strategy, the Group successfully consolidated its position as the world’s largest supplier of provisions and stores to ships and offshore locations. Cost savings Despite th...
Environmental charity, Keep Scotland Beautiful, and BAE Systems, whose shipyards are located at Govan and Scotstoun on the Clyde, in Scotland, has launched an exciting new partnership that will see the shipbuilder become a supporter of Upstream Battle, the charity’s award-winning campaign to tackle marine litter from source to sea. Upstream Battle campaign Since its launch in 2018, the Upstream Battle campaign has been raising awareness, gathering evidence, and inspiring action in...
Global survival and safety solutions provider, Survitec has announced that it has completed a £27.5 million Super Senior Revolving Capital Facility (RCF) with Santander UK. This new facility is in addition to the recently finalised £270 million refinancing announced by the company in April 2021. Both agreements support Survitec’s growth plans for its survival technology products and services. New RCF complemented by a foreign exchange facility The new RCF is complemented by...
FESCO Transportation Group and Internship Navigation (member of Hartmann Group) have agreed to cooperate in the technical management of vessels. The agreement was signed by the parties at the International Economic Forum in St. Petersburg. According to the agreement, FESCO is planning to use the experiences and competence of Hartmann Group to perform the dock and general repairs and further maintenance of the Group’s vessels. Moreover, the parties are planning to cooperate in the realm of...
Chief Executive Officers (CEOs) of global container and roro carriers have appealed to governments for broad political action, which is critical for the shipping industry to meet climate challenge. The International Maritime Organization (IMO) has set a goal for the international shipping industry to reduce its greenhouse gas emissions (GHG), by at least 50%, by 2050, and then to move to zero GHG emissions. Meeting IMO’s zero GHG emissions goals Shipping will decarbonise and the industr...