Corporate News

Tokyo-based renowned classification society, ClassNK has announced that their Current Senior Executive Vice President, Hiroaki Sakashita has been appointed as the new President and Chief Executive Officer (CEO), as well as a Representative Director, effective on 18 March, 2020. Current Senior Executive Vice Presidents - Tetsuya Kinoshita, Junichiro Iida, and Dr. Toshiyuki Shigemi will continue in their present roles on the team, joined by Hirofumi Takano and Taira Narisawa as the new Executive...

On World Marine Aids to Navigation Day, which falls on Thursday, July 1, the Board of the International Foundation for Aids to Navigation (IFAN) is reminding the world’s ship owners that Aids to Navigation (AtoN) are imperative to keeping the Middle East Gulf region safe for vessels and crew, but that they must be paid for. Aids to Navigation (AtoN) services The Middle East Navigation Aids Service (MENAS) has been providing AtoN services since 1911 The Middle East Navigation Aids Servic...

The construction of the tunnel link between Denmark and Germany is coming along. Blue Water has been aboard from the very beginning with local warehouse solutions and port services. Now, they have entered an agreement with Fehmarn Belt Contractors (FBC) winning more activities. “We are very proud that FBC has chosen Blue Water, and we are certain that our local roots in the community and experience with large international projects will contribute positively to the project,” says Kl...

To meet the booming demands of shipping space and the shortage of export logistics supply chain resources, CULINES adheres closely to market trends and customer demands. Trans-Pacific Express Service (TPX) Five 1,700-4,400TEU container vessels will be deployed on the TPX service, which trades directly from Shanghai Through coordination and deploying of containerships and equipment, CULINES will launch its first Trans-Pacific Express Service (TPX) on July 18 linking China to the West Coast of...

Neste, the provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, launches Neste MY Renewable Diesel™, in the Belgian market. The fuel, produced from 100% renewable raw materials, is brought to the Belgian market in collaboration with the channel partner EG Group. Neste MY Renewable Diesel enables customers to reduce greenhouse gas emissions by up to 90% over the fuel’s life cycle compared to fossil diesel. Another important st...

DNV, the world’s renowned classification society, has released the latest updates to its rules for ship classification, with a raft of new class notations that are designed to enable the maritime industry to tackle the decarbonisation challenge. The new updates include ‘Fuel Ready’, a class notation that offers ship owners the option to prepare for a later conversion to multiple different alternative fuel options, and ‘Gas fuelled ammonia’ for ammonia fuelled vesse...

In line with the earlier correspondences on the strategic expansion of the Unifeeder Group, they are pleased to announce the final approval from the relevant authorities has been obtained and the transaction between Unifeeder and Transworld Feeders, Avana Logistek and Avana Global has closed on 1st of July 2021.   Having Transworld Feeders, Avana Global and Avana Logistek, joining the Unifeeder Group, Unifeeder is further enhancing the logistics capabilities of the group and thus delive...

Israel Shipyards Ltd., a shipbuilding and repair company in the Eastern Mediterranean serving naval and commercial marine markets presents, for the first time at IMDEC, its flexible commercial options to meet the new economic reality. The solutions address the immediate needs of fleets around the world. The company offers a wide range of solutions and services including Transfer of Technology after which local staff can independently carry out maintenance, repairs, and overhauls as well as budg...

The first batch of female crew members of SITC International boarded the SITC Makassar and officially embarked on the ship for work. Two female crew members graduated from Shanghai Maritime University with a major in nautical technology and are outstanding graduates of the class of 2021. These are the first batch of female crew members recruited by SITC who have obtained three certificates of competency. Principle of gender equality SITC International adheres to the principle of gender equal...

A consortium of 26 companies and associations, led by DNV, has launched the “Handbook for Hydrogen-fuelled Vessels" to address the uncertainties surrounding hydrogen as ship fuel. The MarHySafe joint development project (JDP) aims to create a knowledge base for safe hydrogen operations in shipping. Decarbonisation Green hydrogen could play a crucial role in the maritime industry’s journey towards decarbonisation. Many in shipping recognise hydrogen’s potential as a fuel, but...

Hapag-Lloyd has announced opening a new office in Ukraine. The country is located on the northern shores of the Black Sea and the Sea of Azov, and is the second largest European country by area, covering a strategic geographic position between the European Union (EU) and Russia. Key Market for Hapag-Lloyd Various mineral resources and the world’s largest agricultural production make Ukraine an attractive export market for Hapag-Lloyd. The country is also an important import country, i.e....

IAG Cargo, the cargo division of International Airlines Group, completed its first sustainable aviation fuel (SAF) charter chain of 16 flights from Stuttgart to Atlanta recently. Net-zero carbon emissions Working with their partner Kuehne+Nagel, IAG Cargo sourced 1.2 million litres of Neste MY Sustainable Aviation Fuel™ from Neste. This collaboration marks the first time that passenger-freighter charter flights are operated with net-zero carbon emissions. The last of the British Airways...

Swedish ferry company - Stena Line is strengthening its position and expanding services in the Baltic Sea Region, by deploying two new large and modern ferries on the route between Ventspils in Latvia and Nynäshamn in Sweden in 2021. The first of the two vessels, Stena Scandica entered Ventspils port on Tuesday 29 June 2021 to get ready for its maiden voyage on the route within a short. The vessel adds another 70% cabin capacity compared to the existing vessels, as well as increased freigh...

HMM has signed new building contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve 13,000 TEU container vessels, at a total cost of USD 1.57 billion. Under the agreement, DSME and HHI will build six vessels, respectively, scheduled for delivery in the first half of 2024. All ships will be installed with hybrid scrubbers and designed to be LNG-ready. Energy-efficient technologies An HMM official said, “Our newly ordered conta...

Inmarsat announces the appointment of Fredrik Gustavsson as the company’s Chief Strategy Officer (CSO). The new role sees the former Head of Strategy & M&A at easyJet brought in to further strengthen the company’s executive leadership team and accelerate growth. Fredrik is Inmarsat’s third executive-level appointment in three months and follows a wide-ranging review of the company’s performance and effectiveness undertaken by Inmarsat CEO Rajeev Suri since jo...

  VSTEP has signed the first commercial agreement for a 1+8 GMDSS Lab with a member of the Canadian Association of Marine Training Institutions (CAMTI), The Marine Training Centre at Holland College located in Summerside, PEI.   This will enable students and industry professionals studying at Holland College to efficiently learn the full spectrum of terrestrial and radio marine communication removing any physical boundaries of distance.  ...

In conjunction with their airtime service partners - SD Government is buoying up DataWave™ Ku-band network throughput to deliver faster transmissions for all maritime communications.  Maritime customers already optimising the DataWave Ku services will now benefit from highly customisable satellite services, access to the latest real-time weather and nautical information, and the ability to stream video applications including Zoom, Skype, or other internet broadcasts. Unlimited data...

Global survival and safety solutions provider, Survitec, has announced that it has completed a £15 million Bank Guarantee Facility with Barclays Corporate Banking. This bank guarantee complements the company’s recently announced £270 million refinancing, as well as a new £27.5 million Super Senior Revolving Capital Facility. All three of the agreements are part of Survitec’s growth plans for its survival technology products and services. Survitec attains bank guar...

Wan Hai Lines Ltd. held ship naming ceremonies for WAN HAI 287 and WAN HAI 288 accompanied by a charity donation on 29th June, 2021. Due to the COVID-19 pandemic, a physical ceremony was replaced by an online one. WAN HAI 287 and WAN HAI 288 are the 4th-5th vessels in a series of 2,038 teu containerships, built by China Shipbuilding Trading Co., LTD., and Guangzhou Wenchong Shipyard Co., LTD. Ms. Bin Li, General Manager of Midea International Logistics Technology Co., Ltd., and Ms. Li Gui Lan,...

As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of twelve (12) 3055 Teu container vessels with Nihon Shipyard Co Ltd. (NSY) / Japan Marine United Corp (JMU). The contract was signed on 28th June 2021. These new vessels will start taking delivery in the end of July 2023. Efficient vessel fleet Currently, Wan Hai Lines operates a fleet of 86 owned vessels and 64 chartered vessels. This new shipbuilding contract is the company’s latest fleet ren...

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...

On June 25th, Yang Ming Marine Transport Corp. (Yang Ming) celebrated the naming of its 2,800 TEU class full container vessel, YM Continuity with a virtual naming ceremony. Yang Ming Chairman Cheng Cheng-Mount and CSBC Corporation Chairman Cheng Wen-Lon, located respectively at Yang Ming’s headquarters in Keelung and CSBC Corporation’s administration building in Kaohsiung, jointly officiated the ceremony. Mrs. Chen Shu-Huei, wife of the President of National Ocean Taiwan University...

PIL announces that it is resuming its direct Mozambique Service from 29 July 2021, offering customers a direct connection from Singapore to Reunion, Tamatave, and Mozambique. The enhanced service is part of the Company’s continuous effort to strengthen its service offerings to the Eastern and Southern African market. Madagascar and Mozambique cargo which previously relied on transshipment at Mombasa, Kenya, can enjoy the comprehensive service with better schedule reliability and shorter...

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...

The Cygnus Mini ROV Mountable thickness gauge has been specially designed to be mounted onto small observation ROVs with or without a manipulator facility. And most recently, Cygnus worked with the renowned Canadian ROV & crawler specialist-manufacturer “Deep Trekker” – to achieve full integration with their unique and polyvalent ROVs. Deep Trekker was founded in 2010 in Ontario and has innovation and collaboration at its heart; a perfect match for the applicatio...

X1 Wind has secured a multi-million euro grant to launch its first commercial floating wind project. The floating wind technology developer has been allocated €2.5m through the European Innovation Council (EIC) Accelerator program. It was named among 38 of the most promising start-ups by the EIC after being shortlisted from 4200 applications to receive funding to ‘develop and scale up ground-breaking innovations’. X1 Wind CEO & Co-Founder Alex Raventos said the grant will...

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...