Corporate News

The order backlog remained high and the cash flow was solid as a result of both a strong positive contribution from the operations and the sale of underwater technology company Hydroid. The financial effect of the COVID-19 pandemic was limited in the first quarter. However, the situation is creating increased market uncertainty going forward, especially in the maritime industry. WEBCAST: Recording of online presentation of KONGSBERG's 1st quarter 2020  Key figures: The order intak...

The recruitment company Universum conducts an annual student survey at 26 Norwegian educational institutions. More than 13,000 students have been asked to rank different companies by attractiveness. KONGSBERG is ranked on second place among engineering students, beaten only by Equinor who has topped the list for a number of years. When female engineering students are asked to pitch their preferred employers, KONGSBERG comes in 10th place, up two places from last year. Increasing support among...

There is a heavy demand for air freight to and from China. However, due to the COVID-19 situation, almost all ordinary air traffic has come to a standstill, complicating the transport for European companies – for both import and export. Consequently, the present air freight capacity is not able to fulfil the demand from the European trade and industry. Blue Water has therefore made a charter-agreement with SAS Cargo for a regular scheduled service with two weekly departures between Europe...

The Danish ship supply company Wrist Ship Supply is busy supplying food and other necessities to all the seafarers stranded on merchant vessels due to coronavirus. Travel restrictions at ports all over the world mean that crews have been spending far longer than usual on their ships. In this deadlocked situation, it is essential – both for their health and morale – that the crews receive fresh supplies on board. Here, Wrist Ship Supply is playing a key role. There are obstacles alon...

Imabari Shipbuilding Co., Ltd. (‘Imabari’), MAN Energy Solutions (hereinafter ‘MAN’), Mitsui E&S Machinery Co., Ltd. (‘Mitsui E&S Machinery’), ClassNK (‘ClassNK’), ITOCHU ENEX Co. Ltd. (‘ITOCHU ENEX’) and ITOCHU Corporation (‘ITOCHU’) have agreed to jointly develop ships equipped with the main engine using ammonia as its main fuel (‘Ammonia-fuelled Engine’). With international momentum towards the transi...

Wan Hai Lines is pleased to announce its plan to expand its existing service network between China and Southeast Asia by launching a new weekly service from Central China to Thailand & Vietnam on 15th May 2020. The service, named CTV by WHL and IAL, IA-98 by Sealand Maersk Asia will be operated with 3 vessels with an intake of 1,200 TEU. Comprehensive service coverage Wan Hai Lines will deploy 1 vessel while its partners Interasia Lines and Sealand Maersk Asia will operate the other two v...

Tokyo – Leading Classification Society, ClassNK has granted an Approval in Principle (AiP) to Imabari Shipbuilding Co., Ltd., for their concept design of a 180,000 DWT LPG dual fuelled bulk carrier, developed in cooperation with Mitsubishi Shipbuilding Co., Ltd. Approval in Principle (AiP) The AiP was granted to the concept design, based on ClassNK’s Guidelines for Ships Using Low-Flashpoint Fuels and its Rule Part GF (regulation for ships using low-flashpoint fuels), incorporating...

HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea. Distinguished guests attending the ceremony  About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister o...

PIL announces that its independently run weekly East Africa Service (EAS) will operate with 9 PIL vessels. Commencing from 15th May 2020, this service will introduce a direct call from Dalian to East Africa, with full rotation as follows: Dalian- Qingdao - Shanghai - Ningbo - Nansha - Singapore - Mombasa - Dar-es-Salam - Singapore - Nansha - Dalian PIL's Independent EAS service will replace the current joint service operated with Cosco and our East Africa 2 (EA2) service will cease.

FESCO Transportation Group’s (‘FESCO’) diesel motor vessel - Vasiliy Golovnin successfully finished the Antarctic expedition of 2020. The vessel delivered cargoes for two Indian and one Belgian research stations. The expedition lasted for three and a half months; the vessel returned to the port of Cape Town (South Africa) on 10 April 2020. Vasiliy Golovnin delivers various cargoes The vessel - Vasiliy Golovnin under the command of Captain Iksan Yusupov delivered 1382 to...

After only 9 months post the construction began in June 2019, the chilled capabilities of A.P. Moller - Maersk’s own cold store facility in St. Petersburg, Russia, are operational, addressing the needs of a high-demand Russian market. In the near future, the St. Petersburg cold store facility will also offer freezing capabilities in a separate storage chamber for frozen produce (-25°C). Maersk’s cold store facility in St. Petersburg The first container to arrive at the new war...

In the second interview with Lloyd’s List published April 14th, 2020, Wrsit Group CEO Jens Holger Nielsen elaborates on keeping international trade moving to ensure deliveries to workers at sea – Seafarers' suppers fed by triple barrel supply pipeline. Local, regional, and global sourcing is needed to ensure food reaches those working at sea, and who are on the front line of helping to keep supermarket shelves stocked. Food supply challenge  Jens Holger Nielsen is adamant tha...

As the COVID-19 pandemic continues across the globe, SBM Offshore has been adapting to this unprecedented situation, protecting its workforce and putting in place business continuity measures. SBM Offshore’s priority remains the health and safety of its staff, contractors and their families, ensuring safe operations across the Company’s activities at the same time. A dedicated task force continues to monitor the situation at all Company locations across the globe, on a daily basis....

Maersk’s offer of intermodal solutions for the Russian market is expanding, with the new container service launched in April, connecting the port of Novorossiysk on the Black Sea with the dry port Vorsino near Moscow (Kaluga region). The new service is offered by Maersk jointly with Russian partners Ruscon group and Transcontainer JSC and offers a reliable solution for containers arriving at Novorossiysk on Maersk’s ocean services and destined for customers in Moscow and neighbourin...

The Board of Golden Ocean Group Limited is pleased to announce the appointment of Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS from Tuesday, April 14, 2020. Mr. Andersen comes from a position as Chief Executive Officer of Avance Gas AS and previously worked as Head of Shipping for Petredec, Managing Director for Neu Gas Shipping, and Head of the Maersk VLGC Pool. Management skills and strategic insight We are confident Ulrik will move the Company...

FESCO Transportation Group (‘FESCO’) provided complex agent services for the vessel which was used to transport the platform Odyssey (the launch complex of the Sea Launch floating spaceport) to the port of Slavyanka (the Primorye Territory). FESCO performed operations on the territory of Russia to support and maintain the vessel and prepare all the necessary documents, as well as controlled the unloading of the platform at the destination port.

A.P. Moller - Maersk announces that it has closed its acquisition of Performance Team, a US-based warehousing and Distribution Company, to further strengthen its capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers.  The addition of Performance Team’s engineered solutions and distribution center capabilities to retail, wholesale and direct to consumer services will integrate ideally with Maersk Warehousing & Distri...

ClassNK granted an Approval in Principle (AiP) to SHIN KURUSHIMA DOCKYARD CO., LTD. for their concept design of a 49,000 DWT LNG-fueled chemical tanker. The AiP was granted to the concept design based on its Rule Part GF (regulation for ships using low-flashpoint fuels) incorporating “International Code of Safety for Ships using Gases or other Low flashpoint Fuels (IGF Code), IMO Res. MSC.391(95) and MSC.458(101)”. Design features The main features of the design announced by S...

HMM announced that the company has decided to stop using the name ‘Hyundai Merchant Marine’ as its official corporate name and brand, starting on 1 April 2020. The decision was approved at the 44th Annual Shareholders Meeting of the company, which was held at HMM headquarters, in Seoul, South Korea, on 27 March. The name ‘Hyundai Merchant Marine’ has been used for 37 years, since the company changed its name from the ‘Asia Merchant Marine’ in 1983. ‘HMM...

ClassNK has established its "Rules for the Survey and Construction of Governmental and Naval Ships", technical rules that are applied to governmental ships and their onboard equipment. Overseas transfer of defense equipment ClassNK has established standards for conducting third-party certification of governmental and naval ships During the overseas transfer of defense equipment including governmental ships and their onboard machinery, the equipment may be subject to third-party quality in...

Classification Society ClassNK, Japan Marine United (JMU), and NAPA have completed a joint feasibility study on 3D model-based plan approval using 3D CAD models as part of their technical investigation project. Shipbuilding designs are gradually transitioning from 2D drawings to those designed with 3D CAD software. Classification societies, whose plan approvals are currently based mostly on 2D drawings, are also required to develop a scheme for 3D CAD models from their submission to their exami...

Hyundai Heavy Industries (HHI) established for the first time in Korea’s shipbuilding industry ‘Co-Prosperity Business Office’ under the direct control of its CEO, with an aim to build a new win-win business model with its partner companies.   For this, HHI expanded and reorganized the existing business unit responsible for supporting partner companies, led by a Senior Vice President-level Executive, into Co-Prosperity Business Office with three departments staffed with...

Provided by Zurich, this new service will offer customers the synergy of world-class logistics and insurance solutions. Maersk has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customer’s goods against physical loss or damage. A customers’ cargo can be exposed to various risks while in transit and Maersk Cargo Insurance covers goods from the time they are first moved for loading until the completion of unloading at destination, fr...

Classification Society ClassNK granted an Approval in Principle (AiP) based on its Rule Part N which adopts IGC Code and its Guidelines for Ships Using Low-Flashpoint Fuels to Daihatsu Diesel for their concept design of an LPG reformed gas-fuelled coastal LPG carrier developed in cooperation with Iino Gas Transport, Osaka Gas, Izumi Steel Works, and Miura Shipbuilding in terms of safety assessments. The Vessel is designed to be equipped with an LPG reformer developed jointly by Daihatsu Diesel...

On the afternoon of December 3, 2020, the China Shipping 50 Forum, acclaimed as a think tank in the shipping industry, held its 7th annual meeting in Qingdao. As a member of the Forum, Chairman of CULines Raymond Chen attended the meeting upon invitation. Guest attending the event The event gathered top-class experts and scholars from the port and shipping logistics sector The event gathered top-class experts and scholars from the port and shipping logistics sector, senior executives at...

Neptune Pacific Line (Neptune) announced it has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will seamlessly link transport, warehousing, depots, and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets. The acquisition of PDL will strengthen Neptune’s Melanesian and Polynesian network, provide a link to Micronesia and the French territories, and...

Classification Society ClassNK released its CBM Guidelines that explain the revised rules for using Condition Based Maintenance (CBM) in-class surveys to promote the use of CBM technology. Condition-based maintenance Condition-based maintenance, a method for monitoring the operating state of equipment, diagnosing the state of said equipment based upon the information obtained from such monitoring, and then performing necessary maintenance and inspections, has been attracting attention in recen...

FESCO Transportation Group announces the appointment of Maxim Sakharov as the Group’s President effective March 6, 2020. Maxim Sakharov, previously Vice President for Finance, will replace Aleksandrs Isurins who is stepping down as the Group’s President on the same date. Authority comment “On behalf of the Board of Directors, I want to thank Aleksandrs Isurins. During the time he served as the President, he implemented a number of strategic projects, restructured public debt...

Ocean Infinity, the next-generation marine robotics company announces that it has completed its project with Total E&P in Angola, one of the main branches of Total, a major energy player worldwide. Maximising sub-sea survey operations The project was the first time that geophysical, geotechnical, and seismic data has been gathered at the same time. This was achieved through simultaneous operations of Ocean Infinity’s state-of-the-art Autonomous Underwater Vehicles (AUVs) wi...

Ocean Infinity, the next-generation marine robotics company announces that it has completed its project with Total E&P in Angola, one of the main branches of Total, a major energy player worldwide. Maximising sub-sea survey operations The project was the first time that geophysical, geotechnical, and seismic data has been gathered at the same time. This was achieved through simultaneous operations of Ocean Infinity’s state-of-the-art Autonomous Underwater Vehicles (AUVs) wi...