Corporate News

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...

With A.P. Moller - Maersk as one of the collaborators, Copenhagen Infrastructure Partners (CIP) has unveiled plans for the establishment of Europe’s largest production facility of green ammonia. A.P. Moller - Maersk is on a quest to find the marine fuels of the future with green ammonia being one of three preferred fuel types. The Power-to-X facility located in Esbjerg on the Danish west coast will convert power from wind turbines to green ammonia. The green ammonia produced at the facil...

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...

Hyundai Heavy Industries (HHI) Group, amidst its active pursuit of ESG management, became the first company in the Korean shipbuilding industry to obtain the highest credit rating required to be an issuer of green bonds. HHI, the Group's shipbuilding arm, announced that it received a "Green 1" rating from NICE Investors Service Co., an affiliate of Korea's largest credit rating group National Information & Credit Evaluation (NICE), for its planned issuance of green bonds. Green bonds The...

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...

Pacific International Lines (PIL) has appointed Mr. Goh Chung Hun as General Manager, Fleet Division, effective from 1st February 2021. Mr. Goh succeeds Captain R.S. Minhas from 15th February 2021. Mr. Goh will be overseeing the management of PIL's fleet, including technical, marine operations, safety, and crewing at PIL. Work experience Mr. Goh brings with him almost 30 years of fleet management, technical, marine operations, and seafaring experience. Before joining PIL, he was Director (Shi...

The installation of the 18-kilometre tunnel between Rødbyhavn in Denmark and Puttgarden on the German island of Fehmarn is now in progress. On the Danish side, the main construction phase is proceeding with preparation of the seabed and tunnel ramps. In the meantime, a work harbour is being built wherefrom casting of tunnel elements will take place and construction materials will be shipped in. The project has been relevant for Blue Water for 10 years, so they are looking forward to gett...

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...

German yard, Abeking & Rasmussen, announces that it has begun the construction of two minehunting vessels for the Indonesian Navy. Each vessel will feature a complete MAN hybrid propulsion package, with: 2 × MAN 12V175D-MM engines delivering 2,220 kW at 1,900 rpm. A MAN Alpha CPP twin screw-propeller system including Alphatronic 3000 propulsion-control system for efficient and flexible manoeuvring. An AKA hybrid PTI system for silent operation while minehunting (slow speed with pu...

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...

The vessels are to be built by Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) and will each be equipped with two combined windlasses and mooring winches capable of handling a 17-tonne anchor with 111mm anchor chain, plus a further seven mooring winches. Designed to operate under extreme ambient temperatures as low as -52°C, the windlasses and mooring winches will also feature a specially-developed modification in the form of an electrically-operated, spring-loaded b...

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...

Ocean Network Express (ONE) announces the successful trial use of biofuel to power the M/V MOL Experience. The trial was completed on 7th February 2021, following bunkering at the port of Rotterdam, the Netherlands in November 2020and was performed in collaboration with shipowner Mitsui O.S.K. Lines and leading sustainable biofuel pioneer GoodFuels. Viability of sustainable fuels Viability of sustainable biofuels will help ONE to meet its carbon reduction targets in 2030 and 2050 During this...

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...

VSTEP further strengthens its international footprint by signing a deal with the South Korean partner, SRC CO Ltd. to deliver NAUTIS simulators at JEJU Seong San High School. SRC CO Ltd. is a maritime equipment developing and manufacturing company that began its journey in 2008. Professional engineers with more than a decade of experience in the field develop, source and supply IT based maritime equipment. Advanced navigational skills Jeju is a popular island located in South Korea that attra...

In 2020, Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 10.0 million tons altogether. This amount equals the annual carbon footprint of 1.5 million average EU citizens (source: World Bank) or the removal of 3.7 million passenger cars from the roads for a full year. “We are committed to help customers reduce greenhouse gas emissions by 20 million tons annually by 2030. We aim to achieve this commitment with our portfoli...

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 signing ceremony of the strategic cooperation agreement between CULines, COSCO SHIPPING Specialized and CHINT took place at the COSCO SHIPPING Specialized Headquarters – Guangzhou Ocean Plaza. Leaders and guests present included the following: President Zhang Zhihuan and Vice President Zhang Wanli of CHINT, Chairman Chen Wei and Assistant to General Manager Gu Weidong of COSCO SHIPPING Specialized, Deputy General Manager Song Xiaoming of Guangzhou Port Group, General Manager Xi Yu and...

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...

Wallem has signed an agreement with the Ocean Technologies Group to implement its recently launched OCEAN Learning Platform. Delivers management solutions The OCEAN Learning Platform delivers blended learning, assessment, and competency management solutions The OCEAN Learning Platform is designed to deliver blended learning, assessment, and competency management solutions to improve knowledge, skills, and behavioural development. The new platform will boost learner interaction and engagement...

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...