Corporate News

Rolls-Royce has signed an agreement to sell its Bergen Engines medium speed liquid fuel and gas engines business to global engineering group Langley Holdings plc for an enterprise value of €63m. Langley is funding the deal, together with working capital requirements for the Bergen business going forward, from existing cash reserves. Investment-grade credit profile The agreed sale of Bergen Engines is a part of the ongoing portfolio management to create a more focused group and follows a...

NeuroFlow, a globally renowned company in technology and services for behavioural health integration and shipmen health solutions, has been contracted by the U.S. Naval Academy (USNA) to support Midshipmen wellness, during their 47-month journey to commission as naval officers. The new offering gives Midshipmen access to a secure mobile application, which is designed to enhance resiliency and when necessary, support a pathway to care. NeuroFlow platform NeuroFlow's platform confidentially cap...

SBM Offshore is pleased to announce that it has signed with Petróleo Brasileiro S.A. (Petrobras) the Letter of Intent for a 22.5-year lease and operation contracts of FPSO Alexandre de Gusmão. The unit will be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 kilometres from Arraial do Cabo, Rio de Janeiro state, in Brazil. The Libra block, where the Mero field is located, is under a Production Sharing Agreement to a Consortium comprised of Petrobra...

Hygienic fluid handling technology pioneer Alfa Laval announces WHP as its latest authorised integrator, helping enhance the sustainability of the engineering solutions provider’s operations. The new partnership is the latest in a long relationship between the two companies, with knowledge being shared to manage customers’ environmental impact. By working with Alfa Laval, WHP’s clean room, clean manufacturing solutions and complex process systems will gain further visibility...

MAN Energy Solutions and ANDRITZ Hydro have completed a strategic framework agreement to jointly develop international projects for the production of green hydrogen from hydropower. Frank Mette, CEO of ANDRITZ Hydro in Germany, and Dr. Uwe Lauber, Chief Executive Officer and Chief Technology Officer of MAN Energy Solutions, signed the agreement in Ravensburg. A pilot project in Europe will mark the start of the collaboration. Subsequently, the companies want to jointly identify further...

Crowley Maritime Corporation's Solutions business unit has been awarded a multi-year, $638 million contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD). Crowley's strategic acquisition and vessel management service will assist MARAD in the enhancement of the Ready Reserve Force (RRF), helping reduce the overall age of the fleet and increase ship reliability. The fleet executes U.S. Department of Defense (DoD) sea lifts. Operation and maintenance To carr...

TradeLens is the world’s largest containerised freight blockchain platform. The key strength of TradeLens is its ecosystem composed of shippers, freight forwarders, ports and terminals, ocean carriers, intermodal operators, government authorities, customs brokers and more. Each entity shares information that can be tracked, stored and actioned across the platform throughout a shipment’s journey. By using TradeLens, the user will: Expand the end-to-end visibility Streamline all t...

Satcom Direct, the business aviation solutions provider, has completed phase one of the strategic integration of MySky, the AI-powered spend management platform designed for the private aviation industry. The incorporation of the single sign-in functionality into SD Pro®, the digital flight operations and communications platform, now enables SD Pro users, subscribed to the MySky platform, to seamlessly access and optimise spend management and operations data directly from the SD Pro dashbo...

CrewSafe is the creation of the Singapore Shipping Tripartite Alliance Resilience (SG-STAR) Fund Task Force (SFTF), which was established by the Singapore Shipping Association (SSA), the Maritime and Port Authority of Singapore (MPA), Singapore Maritime Officer’s Union (SMOU) and the Singapore Organisation of Seamen (SOS) and later joined by the International Transport Workers’ Federation (ITF), the International Maritime Employers’ Council (IMEC) and the International Chamber...

SBM Offshore is pleased to announce that The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating wind test and demonstration sites in the Celtic Sea to Llŷr Floating Wind Limited. The formal award will be subject to a Habitats Regulations Assessment (HRA), following which, the Llŷr project will progress with environmental assessments and surveys in line with the regulatory consent processes. Key UK markets The newly based joint venture be...

SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25-year lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré FPSO Almirante Tamandaré will be deployed at the Búzios field in the Santos Basin approximately 180 kilometers offshore of Rio de Janeiro in Brazil. SBM Offshore is...

Markku Korvenranta, M.Sc. (Eng), has been appointed as Executive Vice President of the Oil Products business unit and a member of the Neste Executive Committee. He will join Neste in January 2022, at the latest, and will report to President and CEO Peter Vanacker. Korvenranta will transfer to Neste from Marquard & Bahls, Germany, and will be based in Finland. Strategy execution “I am pleased to welcome Markku to lead our Oil Products business unit and strengthen our Executive Commit...

Because BETTER WAYS are meant to be executed, CMA CGM is pleased to announce the launching of a new RORO short sea med service, between MARSEILLE + BARCELONA ↔ CASABLANCA starting as from Tuesday, August 24th, 2021 ex Marseille port. This SHORT SEA articulated option with the fastest T/T on the market is a consistent sustainable alternative to traditional Truck flows transiting towards Gibraltar - aiming at optimising the supply chain dynamics. Supply chain dynamics  Features of t...

  Maersk is enhancing the service it offers from Mombasa to North Europe, specifically Felixstowe and Rotterdam, by providing a single transshipment product via Salalah. The changes in the network are primarily aimed at providing higher predictability and offering more flexibility to customers’ supply chains. Redesigning the network from Salalah the ME7 service will bring more resilience to customers’ supply chains, further protecting them from operational challenges that ar...

  Data is transferred every day between supply chain partners, including cargo owners, freight forwarders, logistics providers, ports, terminals, customs authorities, and customers. This process is often manual, disconnected, and unreliable. There’s also a huge amount of manual documentation involved in data transfers, which adds to the complexity and inefficiency of supply chains. To overcome these challenges and enable more informed strategic decision-making, supply chains...

Sofia, Cargo transport in Bulgaria is highly dominated by road. In the mid-2000s, railways remained a major mode of freight transportation, but with increasing problems with the maintenance of the infrastructure and lowering speeds, highways carried a progressively larger share of freight.   As the global integrator of container logistics- A.P. Moller - Maersk. plumps for rail transportation in Bulgaria and from today on offers cargo block train services in both directions -import and...

Heinen & Hopman announced that Teknotherm Marine España S.L. has landed its first new building contract. Teknotherm Marine España S.L. will deliver the complete HVAC – including installation work – on a suction dredger to be built by Nodosa Shipyard. Build and Design Nodosa Shipyard will build and design the 63.3 m dredger – called Omvac Catorce – for Canlemar. The Canlemar company is dedicated to carrying out all kinds of maritime works, such as d...

Rolls-Royce Power Systems is taking the next step towards a climate-neutral future. By 2030, the Rolls-Royce business unit is to cut greenhouse gas emissions by 35% compared to its 2019 level through the use of new net zero and cero carbon technologies. This near-term target plays a significant role in Rolls-Royce Group’s ambition to achieve net zero by 2050 at the latest. To accomplish that mission, the role of pioneer goes to Power Systems: “With ‘Net Zero at Power Systems&r...

To strengthen its business activities in Spain, Teknotherm has established a new subsidiary in the Spanish maritime hub, Vigo. Expansion with a new Spanish subsidiary is in line with the company’s strategy to be the most attractive marine HVAC & refrigeration contractor in Spain. The new office will be managed by Ramon Valdivieso who has more than 20 years of experience in the Spanish marine industry. Marine services Teknotherm Marine España S.L. will offer local services...

With a length of 366m, a breadth of 51m, and a depth of 29.9m, this HSHI-constructed vessel marks the world’s first VLCS operating on LNG. Notably, it is equipped with a 12,000m2-class large LNG fuel tank, giving the vessel enough fuel capacity for an Asia-Europe round trip on a single filling. The tank is composed of 9% nickel steel which has superior strength and impact toughness even at a cryogenic temperature (-163°C). Container loading efficiency The ship is also outstanding in...

Tokyo – Leading Classification Society - ClassNK, in cooperation with Kawasaki Kisen Kaisha, Ltd. (‘K’ Line) and Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) group, will conduct test operations and measurements for a small scale ship-based CO2 capture demonstration plant, in order to verify the equipment’s use as a marine-based CO2 capture system. This project is being conducted with support from the Maritime Bureau of Japan’s Mini...

Heinen & Hopman is proud to have been chosen to supply the HVAC for four Tamandaré-class frigates. The Tamandaré class is a new class of future general-purpose frigates for the Brazilian Navy, based on the MEKO family of ships. The project is being developed by the Brazil Ministry of Defence and the Águas Azuis consortium, composed of Thyssenkrupp Marine Systems (TKMS), Embraer Defense and Security and Atech. The construction of th...

BAE Systems has received a $90.2 million contract from the U.S. Navy for the maintenance and modernisation of the amphibious transport dock USS San Diego (LPD 22). The value of the competitively awarded contract could reach $104.8 million if all options are exercised. Under the docking selected restricted availability (DSRA) contract awarded, BAE Systems will dry-dock the 684-foot-long ship, perform work on the underwater hull, repair its system of ballast tanks, preserve its amphibious w...

Ocyan decides to use SiteCom for making data available in WITSML. As an operator, having access to complete, standard data in one system is a prerequisite to digitalise and automate processes in scale. Ocyan’s requirements for real-time data shows the robustness and versatility of SiteCom as a data collection software for the industry, says Kristian Hernes, SVP Digital Wells, Kongsberg Digital. Ocyan is one the largest drilling contractors in Brazil with an offshore fleet in service f...

In April 2021, Alfa Laval announced a new partnership with Stena Recycling to introduce a groundbreaking business model for boosting circularity in the heat exchanger supply chain. The collaboration is inspired by the Circular Initiative, a business-driven collaboration arena in circularity led by Stena Recycling. Titled “Re-Made to matter”, the new initiative will make it possible to upgrade to a more energy-efficient heat exchanger and get a refund on an old one, which will then be...

Hapag-Lloyd joined the TradeLens platform. TradeLens offers shippers, consignees and freight forwarders direct access to digitised, multi-carrier visibility and documentation processes for their maritime supply chains through a single platform. Clients can also easily connect their key supply chain partners to the digital platform giving much earlier visibility to their inbound supply chains. All members of the Tradelens ‘ecosystem’ contribute their planned, estimated and actual...

While efforts to build a decarbonised society are being accelerated such as through strengthened GHG reduction targets in various countries and with the progress of sustainable finance, a framework for assessing GHG emissions has also been introduced to IMO regulations. The shipping industry is now required to plan and manage GHG emissions in an organised manner. Enhancing service portfolio ClassNK supports clients engaging in the shipping business in planning and managing GHG emissions C...

Wilhelmsen Ship Management (WSM) is crowdfunding to support Mission to Seafarers (MtS), one of the largest maritime charities serving merchant crews around the world in addressing these hardships faced by the affected seafarers. The COVID-19 pandemic has caused major disruption on crew change operations. The fall out effect of this has impacted approximately 150,000 seafarers onboard unable to be signed off and another 150,000 seafarers onshore unable to sign on. world trade This disruption...

"We are very pleased to have signed a contract to deliver the Vessel Insight infrastructure to Güngen", says Andreas Jagtøyen, Executive Vice President, KDI. "Güngen is a well-reputed shipping company with high ambitions to digitalise its fleet to the highest level and is thereby a forerunner in terms of standardising the digitalisation process on vessels. We are looking forward to working with Güngen and to unlock the full potential that lies in digitalisation and the...

A.P. Moller - Maersk introduces strategic changes that will further improve customer experience and end-to-end service delivery. As part of this, the Safmarine brand will be integrated into Maersk to enhance customers’ access to the global integrated offering.   In addition, the Damco brand’s Air and LCL (Less than Container Load) offering will be combined with Maersk’s logistics and services products to complement its end-to-end offering. Also, a more simplified...