Corporate News

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...

Ocean Network Express (ONE) announces that the company has entered into a partnership with Rutgers Business School (RBS) in June 2021. Being the first of its kind in ONE's global partner network, this partnership will enable ONE to gain direct outreach to RBS' academic resources while striving to reduce its carbon footprint. Project opportunities ONE will present business project opportunities to RBS students. These projects will allow Rutgers students to examine trends in maritime decarbonis...

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 LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...

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...

DNV, the independent expert in assurance and risk management, has signed an agreement with Keppel Offshore & Marine (Keppel O&M) for collaboration on the hydrogen value chain. Collaborative aim The overall aim of the collaboration is to explore the safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market to support the country’s decarbonisation goals.&...

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...

Global trade was completely reshaped in the past year and a half because of the global health crisis that sparked systematic problems driving everyone to re-think supply chain models and agility of service networks. As a major sponsor of The Economist’s Global Trade Virtual Week, MSC announces two speakers taking part in the discussion on sustainable trade, and the role of container shipping and logistics as a positive force in shaping the post-pandemic global trade. The free online even...

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...

The Gulf of Guinea Maritime Collaboration Forum and Shared Awareness and De-confliction conference (GOG-MCF/SHADE) has identified cooperation at sea between regional and international Navies as the focus at its inaugural plenary meeting scheduled to take place in July. This was disclosed in a joint communiqué signed by the Nigerian Navy, Nigerian Maritime Administration and Safety Agency (NIMASA), and the Inter-Regional Coordination Centre (ICC) Yaoundé, dated June 11, 2021. The o...

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...

Wilhelmsen Ship Management (WSM) announces the appointment of Radoslaw Walczak as Vice President, Technical. Walczak will be spearheading WSM’s focus in delivering vessel performance and energy efficiency initiatives to support shipping’s decarbonisation ambition. Enhancing vessel performance Walczak brings with him more than 20 years of mariner experience including time at sea. Prior to WSM, he was the General Manager in DS Tanker GmbH based in Germany. Walczak started his career...

MSC announces that the MSC Sailing Team will return to the water after a break of a year and a half.  For the new season, the team will raise the bar high starting by racing the Bol d’Or Mirabaud, the World's biggest inland lake regatta, welcoming more than 400 participants despite the pandemic. For this 82nd edition, Bol d’Or Mirabaud organising committee has the honour to have Jean Le Cam, a well-known French sailor who finished 4th in the last Vendée Globe, as t...

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...

Production of ‘farmed’ aquatic animals will more than double from 30 million tonnes per year (Mt/yr) live weight to 74 Mt/yr in 2050, according to the independent assurance and risk management company. DNV’s first Marine Aquaculture Forecast warns, however, that production will not meet demand in mid-century unless the industry tackles key sustainability barriers to growth by 2030. Marine aquaculture Marine aquaculture plays a role in securing supplies of food for a global p...

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...

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...

Wan Hai Lines is expanding its Asia – America network by launching a new weekly service between Asia and the East Coast of North America (branded as AA7). The service will be operated by 10 container vessels with a capacity of 2,800 TEU ~ 4,000 TEU. Port rotation of the service is as follows: TAIPEI – XIAMEN – SHEKOU – CAIMEP – NEW YORK – SAVANNAH – TAIPEI The first voyage is scheduled to commence at TAIPEI on June 18, 2021, and will provide bette...

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...

Managing global freight and ocean container movement now requires more dedicated insight as companies have expanded internationally. And no event outside of COVID-19 has exposed just how extensive, yet fragile, logistics networks and capacity flows have become over the last several decades.   To adapt, some manufacturers have adopted progressive supply chain approaches that move away from "lean models to more flexible ones like "sense and respond." But not all businesses have successf...

Kongsberg Digital has signed a partnership agreement with BunkerMetric to add their BunkerPlanner software application to the Kognifai Marketplace. Designed to support ship operators in making optimal bunker purchasing decisions by helping to choose ports, volume and fuel grade for bunkering, BunkerPlanner by BunkerMetric can be used to minimise costs whilst taking relevant operational, commercial and regulatory factors into consideration. By using BunkerPlanner, Vessel Insight subscribers...

Ocean Infinity, the marine robotics company announced that it has acquired a maritime services company, Ambrey.  Ambrey’s team of maritime professionals deliver a range of bespoke offshore services including, security, crisis and risk management, intelligence, insurance, fleet operation, and vessel design and build.  Integration of robotic operations Ocean Infinity’s data and software capabilities will revolutionise Ambrey’s intelligence and insurance services The...

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...

The Company has joined with Fuel Change, a unique platform for the next generation to create a low carbon future, to challenge young people from across Scotland to use their skills and ingenuity to help lower the carbon footprint of its shipyards in Glasgow.   The Naval ship's business has a long and proud history of shipbuilding in Glasgow, and as a result, some of the buildings at the Govan and Scotstoun sites are now over 100 years old.   That’s why, as part of Fuel Chan...