Corporate News

X-Press Feeders has launched 2 services, Thailand Straits X-Press service (TSX) and Straits Ho Chi Minh X-Press service (SHX), adding more frequencies to our SEA region. Thailand Straits X-Press service (TSX) TSX is a fixed-day weekly service that directly connects Singapore and Laem Chabang, offering our customers more frequencies to Laem Chabang. The service rotation is: Singapore - Laem Chabang - Singapore Straits Ho Chi Minh X-Press service (SHX) SHX is our second service that con...

SAE has achieved the next step in delivering its ‘Building a Sustainable Future to 2035’ strategy by taking full ownership of the 120MW Battery Energy Storage System (BESS) project at the Uskmouth Sustainable Energy Park (USEP).  According to the Company’s latest estimates, the BESS project will generate average annual revenues of £12m and annual average EBITDA of £9m per annum in its first five full years of operation. The estimated capital cost of the projec...

Vestdavit has landed its biggest-ever order with a major contract to deliver high-specification davits for six multi-purpose vessels being built for the Canadian Coast Guard at Seaspan Shipyards in Vancouver. The Norwegian davit supplier will initially provide a total of six FF-15000 davit systems - one for each vessel - with options for a further 10 such units under its second contract secured with the Canadian shipbuilding group. Extensive davit delivery It comes on the heels of an order th...

In September 2023, NSSLGlobal, a global independent satcom and IT solutions provider, was awarded a contract with the UK Ministry of Defence (UK MOD) to provide comprehensive support for Maritime Multi-Media (MMM) services across the Royal Navy fleet. This strategic partnership aims to enhance the welfare services available to Royal Navy personnel by providing a wide range of entertainment on board vessels. Such welfare services are increasingly important in recruiting and retaining sailors. De...

The Panama Canal announced through an Advisory to Shipping, that effective immediately, the maximum authorised draft allowed for vessels transiting the Neopanamax Locks will be 49.0 feet (14.94 m), based on the present and projected level of Gatun Lake for the upcoming weeks. Reliability of transit service The Panama Canal had to adapt its operations because of the prolonged drought resulting from the climatic variations that affected the levels of the Gatun and Alhajuela Lakes. Despite this...

Norwegian Cruise Line® (NCL), the innovator in global cruise travel, is proud to announce the expansion of its Military Appreciation Programme offering programme eligibility to active Canadian service members, veterans, and their dependents from the Canadian Army, Royal Canadian Navy, Royal Canadian Air Force, and Canadian Coast Guard. Eligible members of the Canadian armed forces will receive special onboard experiences, amenities, and a 10 percent cruise fare discount across all sailings...

Steam turbines provide a valuable opportunity for many industries in South Africa to self-generate more of their power requirements often from alternative fuels produced as a by-product of their processes.  This technology offers benefits including energy cost reductions, a more stable supply of power, and a lower carbon footprint.   Generating steam for electricity A major South African firm taking advantage of these opportunities is Sappi Saiccor. Its mill at Umkomaas in Kwa...

The new NorthStandard website, launched delivers an array of digital resources and crucial, real-time operational insights. Next-generation website NorthStandard’s next-generation website lets users quickly access the latest high-quality content, a range of innovative digital resources, and features combined with personalised operational dashboards.  Additionally, the site includes updates to the intelligence portal GlobeView and introduces the new 'Fuel Insights' platform. Mariti...

KR is proud to announce the successful delivery of the groundbreaking low-carbon sailing cargo ship SV Juren Ae (IMO no. 1021245) to the Marshall Islands Shipping Corporation (MISC) on 31 July. Built under the KR class in South Korea, this innovative vessel marks a significant milestone in sustainable maritime transport. Funded by the International Climate Initiative (IKI), the SV Juren Ae, a 48-metre-long, 300 dwt supply vessel, is the result of a collaborative effort led by the Germ...

Genesis North America (GNA), as a major subcontractor of Offshore Oil Engineering Co., Ltd. (COOEC), has engaged ABS to support the RUYA Project, a production capacity improvement plan for the Al Shaheen field in Qatar operated by North Oil Company (NOC). An ABS advanced analysis team will lead a safety engineering program providing risk mitigation and asset integrity support. ABS will also perform a number of critical studies including dropped object analysis for subsea pipelines and cables....

Wallem Group, a global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations. Green, low-carbon shipping Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem Group, signed the agreement on behalf of both parties. John Rowley, CEO, of Wallem Group, said, “We are honoured to partner with COSCO Sh...

Cell Design Bahamas Ltd, one of the renowned ICT services company in The Bahamas, added satellite services to its portfolio by signing a significant distributorship agreement with MetOcean Telematics (MetOcean). Met-Ocean is a prominent global Iridium Satellite Value-Added Reseller (VAR) focused on Iridium hardware solutions, data services, and support. MetOcean is a pioneer in the satellite communications industry. This partnership opens the doors for them to pioneering satellite services bein...

Eco Wave Power Global AB, a publicly-traded onshore wave energy technology company, is pleased to announce that Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, and Eco Wave Power’s engineering team, have arrived for a meeting and an official site visit with APDL (Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A), and other relevant stakeholders for the official kickoff of the Company’s first MW-scale wave energy project,...

Inchcape Shipping Services, a provider of comprehensive port agency and maritime services, proudly announces the opening of its new office in Manila, marking a significant expansion of its service capability in the dynamic Asia-Pacific region. The new office will serve key Philippine ports, strengthening Inchcape’s global footprint and commitment to unparalleled service. Manila office The newly established Manila office is strategically located to manage operations across several major...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the 'Wind Challenger', a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). As a solution for responding to environmental regulations and fuel cost reduction, the implementation of wind-assisted propulsion systems is in pro...

Danmil A/S (Danmil), a Danish process filtration company has become part of Atlas Copco Group. The company designs, manufactures and distributes high-end process filtration solutions for the pharma as well as the food and beverage sector. “With this acquisition, we are expanding our liquid and gas filter product range,” said Philippe Ernens, Business Area President for Compressor Technique.  Enhancing expertise “This will also further enhance our expertise in this a...

AVT Services Pty Limited, “AVT Services”, a company providing vacuum pump and system sales and service to customers in Australia, has become part of Atlas Copco Group.  AVT Services is a privately owned company headquartered in Sydney, Australia with additional sites in Melbourne, Perth, and Brisbane. The company has 15 employees. Market presence “AVT Services has been successfully serving the vacuum market in Australia since it was founded in 1995 an...

ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the "Wind Challenger," a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. and Hanwha Ocean Co., Ltd. This marks the world's first AiP for an LNG carrier equipped with a Wind-Assisted Propulsion System (WAPS). Wind-assisted propulsion systems As a solution for responding to environmental regulations and fuel cost reduction, the implementation of win...

Eco Wave Power Global AB, a publicly traded onshore wave energy developer, applauds Representatives Nanette Barragán (CA-44) and Suzanne Bonamici (OR-01) for the introduction of the Marine Energy Technologies Acceleration Act, legislation that would invest $1 billion to advance marine energy toward full-scale commercialisation. Marine energy harnesses the power from waves, tides, currents, and other water-based resources to generate a clean energy resource that can provide reli...

The Panama Canal announced through an Advisory to Shipping, the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System, to increase transit certainty and flexibility for our clients. Currently, the slot offering in the Transit Booking System is done daily with an anticipation period before the required transit date. Transit booking slots Through this method, several transit booking slot packages corresponding to January of th...

OceanWise is pleased to welcome Boat Electrics and Electronics (BEE) as a Licenced Partner for environmental monitoring solutions. This strategic partnership aims to expand the reach and impact of innovative marine environmental monitoring solutions across existing and future customer bases, enhancing environmental monitoring efforts nationwide. Reliable and accurate data Managing Director, Caroline Levey commented, “We are thrilled to welcome Boat Electrics and Electronics (BEE) into t...

The UK Chamber of Shipping’s new conference Shipping UK, and London International Shipping Week. (LISW) have announced a partnership as Supporting Organisations for the coming future. Both parties have agreed to support each other with marketing and PR support to help establish Shipping UK and help grow LISW domestically as well as internationally. Shipping UK Llewellyn Bankes-Hughes, CEO and co-founder of LISW said, “The UK Chamber of Shipping originated almost 150 years ago an...

The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiraling short-term rates begin to soften. The Xeneta Global XSI®, which covers all valid long-term contracts in the market, edged up 2.5% in July to stand at 151.5 points. XSI® sub-index More notably, the underlying XSI® sub-index for Far East Exports which includes the world’s biggest fronthaul trades to Europe and the US increa...

OceanScore has opened a new office in Singapore that will enable it to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with the EU ETS and FuelEU Maritime. “Our list of global clients is growing steadily in line with the industry’s pressing need to navigate the complexities of these new regulations,” says OceanScore’s Managing Director Albrecht Grell. The new locale "Establis...

Global provider of LNG shipping services, Gaslog, has chosen Norway-based maritime technology business, Shipnet to automate its dry-docking process. Asset Integrity Roadmap Delivering natural gas to help global efforts toward a lower carbon future, Gaslog has an ambitious Asset Integrity Roadmap for shifting to operational excellence and enhanced competitiveness with the use of reliability-based engineering principles. To this end, all Dry Dockings are managed holistically and on a lifecycle...

ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom, which is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and TB Global Technologies Ltd. This is the world’s first AiP certification for the design of a bunkering boom for ammonia fuel. Ammonia fuel utilisation As ammonia fuel utilisation is expected in shipping for decarbonisation, bunkering vessels that supply fuel to ships and related equipment will play an essenti...

NSSLGlobal, an independent full-service project engineering, Satcom, and systems integrator, is celebrating its 55th anniversary, marking more than half a century of developing innovative technology solutions for the government and maritime mobility markets. Satellite solutions Established in 1969, NSSLGlobal has a proud heritage of providing best-in-class satellite solutions. NSSLGlobal’s ongoing commitment to innovation and helping customers solve their communication challenges wherev...

Following positive response and encouraging conversations with IMO member nations and other stakeholders, the World Shipping Council (WSC) has further developed the Green Balance Mechanism, a regulatory measure designed to ensure that shipping meets its net-zero goal by 2050 in an efficient, just and equitable way. A detailed proposal, including design updates and regulatory text for the Green Balance Mechanism, has been submitted to support the timely development of effective climate regulatio...

ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom, which is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and TB Global Technologies Ltd. This is the world’s first AiP certification for the design of a bunkering boom for ammonia fuel. As ammonia fuel utilisation is expected in shipping for decarbonisation, bunkering vessels that supply fuel to ships and related equipment will play an essential role in the supply chain...

Watson Farley & Williams (WFW) advised GEFO Shipping Group (GEFO) on its order of two additional climate-friendly chemical tankers from the Chinese shipyard Nantong Xiangyu (Xiangyu). Delivery is scheduled for late 2026 or early 2027 with options for two further vessels also agreed. Fuel-saving design The current order complements a previous one for ten stainless steel tankers with a fuel-saving design placed in January 2024 on which WFW also advised GEFO. Both transactions are part of a...