Corporate News

SBM Offshore is pleased to announce the closure of a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba. The facility was secured by the special purpose company owning FPSO Sepetiba and was agreed upon with a consortium of four international banks. SBM Offshore is the majority owner of this special purpose company (with 64.5% equity ownership), together with Mitsubishi Corporation (20%) and Nippon Yusen Kabushiki Kaisha (15.5%). Construction of...

Kongsberg Digital has announced the acquisition of COACH Solutions, a globally renowned supplier of software solutions for vessel performance and monitoring. The new name of the company will be KONGSBERG COACH Solutions. Danish shipping company, Clipper Group developed COACH Solutions’ vessel performance monitoring system and in 2016, it was established as COACH Solutions. The company’s software has more than 900 licences running. Suite of tools for vessel performance COACH Solu...

Wan Hai Lines is pleased to announce a new service string that connects Taiwan to Vietnam and Thailand. This service is to be named TVT (Taiwan – Vietnam – Thailand) and is operating jointly with Interasia Lines. TVT service Wan Hai Lines will deploy 1 vessel while its partner Interasia Lines will operate another one TVT service will be operated with 2 vessels with an intake of 1,200 TEU and run on 14 days round trip with port callings at Taipei – Taichung – Cat Lai, H...

RCL is pleased to announce a revamp of its RMS service, currently trading in the Straits of Malacca between Singapore-Westport-Northport-Penang-Singapore. Branded as the RMS15, the revamped service will link up Malaysia and Indonesia in a new butterfly service. This service will be served by 2 X 1,200 TEU-sized vessels. Maiden voyage Direct connectivity and increased sailing frequencies are important considerations for COC and SOC" The maiden voyage on the revamped service will commence wi...

Ocean Network Express (ONE) is pleased to announce two new direct sailing services, connecting China and South East Asia. Following the previously announced CID, connecting China and Indonesia, ONE will further expand the China – South East Asia network by introducing China Thailand Service (CTS) and the revamped Thailand Philippines Service (TP2). Improving transit times The direct sailings will improve transit times and strengthen ONE’s robust portfolio in Asia The services wil...

The shipping industry has made a strong commitment to reduce its global carbon emissions towards 2050. A group of leading industry players are taking the next step to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping. The founding company partners behind this initiative are ABS, A.P. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Siemens Energy. The centre, wh...

A group of leading industry players are taking the next step to develop new fuel types and technologies by launching the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping. The founding company partners behind this initiative are ABS, A.P. Moller - Maersk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Siemens.  The centre, which will be based in Copenhagen, Denmark, is made possible by a start-up donation of DKK 400m by the A.P. Moller Foundation. Decar...

The Oil Companies International Marine Forum (OCIMF) and the European Barge Inspection Scheme (EBIS) are pleased to announce the signing of a Memorandum of Understanding (MoU) to transition key elements of EBIS into OCIMF’s SIRE programme. These include the EBIS vessel questionnaire templates, and technical information templates currently in development by EBIS, Version 9. As a result of a successful transfer and use of EBIS 9 templates into the OCIMF SIRE programme, the EBIS Board of Dir...

Maersk will begin the implementation of an innovation called Snap Back Arrestor (SBA) ropes on the mooring lines used to hold vessels in place while docked in port for loading and unloading. Mooring is one of the most dangerous aspects of port and vessel operations. When a mooring rope holding a docked vessel snaps, the abrupt energy release can cause the rope to whip across the dock and ship at a speed of almost 500 MPH or more than twice the speed of a NASCAR level race car. Mooring rope tec...

Blue Water Port Services is involved in two projects for Siemens Renewable Energy. The first project is Coastal Virginia Offshore Wind, consisting of two 6 MW wind turbines to be installed 27 miles off the coast of Virginia Beach, USA, and is the nation’s second offshore wind farm. The second project is Borssele Wind Farms 1 and 2, where 94 Siemens Gamesa 8 MW wind turbines will be installed 14 miles off the coast of the Dutch province Zeeland. Siemens Gamesa Renewable Energy The first...

Maersk vessels will be assisting global research efforts on weather patterns and climate change by committing 300 company-owned vessels to participate in the global Voluntary Observing Ship (VOS) programme. While Maersk already has many vessels contributing to the VOS, the newly expanded commitment will see its entire fleet participating by the end of 2020. The recorded data helps meteorologists create more accurate weather and storm forecasts - and will also be used in the creation of atmosphe...

Maersk’s Asia-Northern Europe ocean-rail service previously offered on monthly basis in a west-bound direction only, will also be provided fortnightly both export from Asia to Europe and return from Europe to Asia. This is expected to help many customers who are currently facing difficulties with their imports/export logistics, due to COVID-19. Maersk recently announced that its combined Ocean and Rail service, AE19, will also be offered regularly for both directions through close coopera...

Neal De Roche, Executive Vice President, Wilhelmsen Ships Agency, said, “As an integral part of the Singapore Crew Change Working Group, (SGCCWG) we are very happy to now be coordinating the first full crew change, performed in line with the new crew change protocol we worked so hard to put together as part of the SGCCWG." "It is encouraging to see how regulators, industry bodies, customers and indeed competitors now coming together to address such a critical matter, the welfare of s...

In wake of the COVID-19 pandemic, Maersk, the integrated container logistics company, is taking all necessary measures to keep its employees safe and its customers’ supply chains moving with minimum disruptions. Maersk has ensured all its office-based employees work remotely with access to adequate IT infrastructure. The company is also urging its customers to make full use of its online platforms in the interest of ensuring safety for all. By leveraging pre-existing high-impact digital p...

Oil Companies International Marine Forum (OCIMF) has been working with BIMCO, ICS, INTERCARGO & INTERTANKO, in collaboration with Nigerian Authorities, in order to improve maritime security and better understand the challenges faced by seafarers.　 Post a series of successful meetings with the Nigerian Government, an Industry/NIMASA Joint Working Group (JWG) has been formed of key stakeholders. The working group held their first meeting on 28 May, 2020 and will focus on: National and reg...

Ocean Infinity, the pioneer marine robotics company, is excited to announce the appointment of DebraAnn Braun as Chief Information Officer (CIO) based in the company’s HQ in Austin, Texas. DebraAnn joins a well-established technology team to be responsible for leading the digital aspects of the business including the delivery of high-quality data to clients in the most efficient and technologically advanced ways possible. Advanced ways possible DebraAnn has successfully led many technol...

HMM, the South Korean shipping company, launches the first in a series of 12 ultra-large containerships that will each feature individual MAN B&W G95ME-C10.5 low-speed main engines. At 23,964 teu, the ‘HMM Algeciras’ is the world’s largest containership and is bound for a working life between Asia and Europe. While the engine’s power delivery has been adjusted downwards to achieve optimal fuel consumption, the ME-C Mk 10.5 type is capable of delivering 6,870 kW per c...

PIL announces the launch of its new India service – China India Express (CIX) with effect from June 2020. This new service will provide a direct service from Tianjin and Qingdao in North China and Kaohsiung into India West Coast and Sri Lanka, calling Nhava Sheva, Mundra, and Colombo. Rotation of CIX Tianjin - Qingdao - Kaohsiung - Singapore - Port Klang (West) - Nhava Sheva - Mundra - Colombo - Port Klang (West) - Singapore - Tianjin Maiden Voyage: TXG, 5th Jun 2020 Service highl...

A.P. Moller - Maersk, DSV Panalpina, DFDS, SAS, and Ørsted have formed the first partnership of its kind to develop an industrial-scale production facility to produce sustainable fuels for road, maritime, and air transport in the Copenhagen area. The partnership brings together the demand and supply side of sustainable fuels with a vision to realise what could become one of the world’s largest electrolyser and sustainable fuel production facilities. The project can spearhead the ma...

As part of Wrist’s commitment to support the Global Goals (Sustainable Development Goals) in reducing food loss by 50% by 2030, some of our branches tell us how they are taking action. Their branches in Long Beach and Strachans are donating excess food provisions to food banks, people experiencing food insecurities and to individuals in the local community. Their warehouse at the Aalborg branch have partnered with Nordjysk Fødevareoverskud, a Danish non-profit organisation that red...

Satcom Global is delighted to announce that its flagship Aura VSAT service boasts enhanced coverage through new High Throughput Satellites (HTS) and beam enhancements, offering superior connectivity to maritime users in popular trading routes, fishing waters, and leisure hotspots in the Americas and Asia. Satcom Global has strengthened the Aura VSAT network with the addition of two new High Throughput Satellites, SES-14 HTS and SES-15 HTS, delivering a boost in coverage and service quality for...

Shipping accounts for 2.2% of global greenhouse gas emissions. Norwegian shipping companies are now taking a leading role in the fight against climate change. The goal is for the entire Norwegian fleet to be climate neutral by 2050. The aim of the Paris Agreement is to limit global warming to 1.5 degrees. The UN Intergovernmental Panel on Climate Change has given the world ten years to halve the total greenhouse gas emissions and maintains that they must drop to net-zero emissions by 2050. Clim...

To meet the shipping needs of the market and customers, CULINES is upgrading its South China-Taiwan direct container service (STD) from May 29, adding a call to Nansha Port. The STD will call at the Nansha Container Terminal III every Saturday, so the new port rotation will be Kaohsiung – Taichung – Huizhou – Yantian –Nansha – Shantou – Kaohsiung. Providing two direct sailings With this upgrade, CULINES will be providing two direct sailings per week between...

In May 2019, Maersk released Maersk Spot. It didn’t happen overnight, but something needed to be done about the everyday inefficiencies it was experiencing within shipping. Instant gratification is something users are used to in most aspects of their lives, but why not within the shipping industry? Imagine adding something to the basket on Amazon without knowing the price, how much delivery would cost, or how long it would take to arrive? Users wouldn't accept this in everyday life so why...

The latest vessel of Kongsberg Maritime design to enter service, an 81.80m NVC 375 WP freezer trawler named Ilivileq, has just been delivered to its working domain in the Arctic waters. Ilivileq, freezer trawler Ilivileq typifies the principles upon which the NVC range was conceived, combining an economical and environmentally beneficial foundation of low emissions and fuel-efficient operation, with a freeboard of optimal height, in order to ensure crew safety, teamed with modern, responsible...

Kongsberg Digital has signed a MUSD 25 agreement for the delivery of real-time data aggregation and visualisation software, and various domain specific services for a major energy company. The agreement includes an upside potential of up to MUSD 5, over the next five years, should the customer decide to expand delivery to all installations. Software services The agreement is covering a portfolio of software services for data aggregation, visualisation and decision support. These services are...

SBM Offshore CEO Bruno Chabas commented: “SBM Offshore delivered a good set of results during the first quarter of 2020, in line with expectations. The Company’s results, dividend track record and completed share repurchase exemplify SBM Offshore’s robust business model. At the same time, SBM Offshore is also impacted by the combined demand and supply crises in the oil and gas market and is taking measures to evolve and adapt with the uncertain dynamic market conditions."...

The annual accounts for Blue Water Holding, which comprises the transport group’s total activities, showed a magnificent profit of 25,7 m EUR before tax for 2019. This is an improvement of just over 24 m EUR compared to 2018, where the result before tax was 1,3 m EUR. The turnover increased by DKK 112 m EUR and consequently rose from 746 m EUR to 858 m EUR which is a 15 percent rise. Significant rise We are satisfied that we have managed to improve operations by optimising and enhancing...

Leading Classification Society ClassNK granted an Approval in Principle (AiP) to Nippon Yusen Kabushiki Kaisha (hereinafter referred to as NYK Line) and MTI Co., Ltd. (hereinafter referred to as MTI) for their joint project on the concept design of an autonomous ship framework (development code “APExS”). Guidelines The AiP was granted upon confirming the feasibility of the framework through safety evaluation in line with the guidelines ClassNK is involved in various demonstrati...

In continuous efforts to serve customers better, PIL highlights the enhancement in its West Africa weekly services that feature one of the fastest transit times to Tema, Onne & Tincan in the market as well as improved schedule reliability with 15 vessels deployed. SWS Features  South West Africa (SWS) Service, the new features are: Provide the fastest transit from China's main ports direct to Tema, Ghana. Offer one of the fastest transit times from China's main ports to Onne,...