Corporate News
ClassNK obtained accreditation on January 23, 2020, from the Japan Accreditation Board (JAB) as a GHG emissions verification body based on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) by the International Civil Aviation Organization (ICAO).Although global warming countermeasures are being discussed at the United Nations Framework Convention on Climate Change (UNFCCC), GHG emissions control in the international aviation sector, which operates across borders, will...
The Board of Directors of Pacific International Lines (Private) Limited (“PIL”) announces that Mr. Kwa Wee Keng is appointed Executive Director – Finance Division of PIL with effect from 15 February 2020. He is responsible for PIL Group’s finance and treasury activities. Kwa Wee Keng Wee Keng graduated with B. Acc (Hons) and a Master’s degree in accountancy from Nanyang Technological University, Singapore. He also holds an MBA with Distinction from The University...
A.P. Moller - Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company. The facility refinances the undrawn $5.1bn facilities maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve. Financia...
A.P. Moller - Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company. The facility refinances the undrawn $5.1bn facilities maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve. Financia...
In recent years, with the growing need for ESG investment and SDGs management, social transformation utilising digital technology is rapidly progressing. In the maritime industry, attempts are being made to create new value by collecting and utilising data on ship operations and cargo movements and sharing it among different players to promote further innovation. Advances in digital technology are also introducing unprecedented ways of ensuring safety, such as data condition monitoring and...
The members of the Alliance, Hapag-Lloyd, Hyundai Merchant Marine, Ocean Network Express, and Yang Ming announced updated details of the 2020 Service Network, focusing on the Asia-Middle East trade lane. The Alliance will introduce three newly organised express loops from early April and these services will provide higher frequency, direct and expanded coverage, and the fastest connection from the respective regions. Asia and the Middle East AG1 Ningbo – Kaohsiung – Xiamen &ndas...
As part of Pacific International Lines’ (PIL) continuous effort to optimise its network efficiency, the company will be withdrawing its services from the Transpacific market. As a result of this service re-alignment, PIL’s last Transpacific sailing will be in March 2020. Strategic decision The Company has taken this decision as part of a wider strategic review of its business. Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa,...
SBM Offshore is pleased to announce a EUR 150 million (c. US$165 million) share repurchase program, effective from February 13, 2020. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Share repurchase program The Execution of the share repurchase program will be done under the terms of an engagement letter with a third party The repurchase program is expected to be completed within the year 2020, an...
CUL Shining Shipping Co., Ltd. was established on October 29, 2015, as a subsidiary held and operated by China United Lines Ltd. (CULines). CUL Shining Shipping is mainly engaged in the barge transportation of containers and bulk cargoes in the Yangtze River. It owns dozens of self-operated barges and is able to dispatch more than 300 barges. Branch lines for domestic trade CUL Shining Shipping owns a branch line network connecting Shanghai to the upper and middle reaches of the Yangtze...
The Norwegian Shipowners Association follows the development of the Corona virus (COVID-19) closely and has a good dialogue with its members, and other actors about the situation. A large number of people in China and elsewhere in the world have been infected, and more than 600 deaths have been reported. COVID-19 implications for shipping industry Norwegian shipping companies operate all over the world and are thus, directly affected by the development Norwegian shipping companies operate all...
Ocean Network Express, COSCO Shipping Lines, OOCL and Yang Ming are to launch a new weekly Transatlantic service, East Mediterranean – America Service (code: EMA) to deliver a more efficient and comprehensive service network. The first commencing voyage is on April 2020 (subject to FMC filing). The EMA service, jointly operated by the four lines, will consist of six Panamax vessels. The port rotation for the weekly service is Mersin – Haifa – Alexandria – Istanbul &ndash...
Unifeeder is happy to announce that it is adding London Gateway as Hub Port to their UK East Coast port network. They will have a weekly service from Grangemouth and Teesport to/from London Gateway and further connections from this point to Antwerp and Dunkerque. The new service is an addition to Unifeeder’s existing port network, now connecting the UK East Coast (Grangemouth, South Shields, Teesport and Immingham) and the hub ports of Felistowe, London Gateway, Rotterdam, Antwerp, Dunker...
Inmarsat, the renowned company in global, mobile satellite communications, has launched a new video to demonstrate the potential of high-speed, always-on satellite connectivity, to revolutionise the use of digital technologies and remote access solutions onboard superyachts and ocean racing yachts. Remote connectivity solutions onboard yachts Yachts equipped with global, reliable satellite connectivity have access to a variety of cutting-edge applications Offering unique insight into the late...
Classification society ClassNK has issued a Statement of Compliance (SoC) to “PHP Ship Breaking and Recycling Industries Limited (PHP)”, a ship recycling facility in Chattogram (Chittagong), Bangladesh, verifying that the facility is in line with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (HKC).While ClassNK has so far issued 34 Statements of Compliance to ship recycling facilities around the globe, this is the first one...
Bolstering their joint commitment to the development of a secure national maritime infrastructure, the organizing committee of Doha International Maritime Defense Exhibition and Conference (DIMDEX) has announced Qatar Ports Management Company (Mwani Qatar) as a ‘Silver Sponsor’ for its seventh edition, which will return to the Qatar National Convention Centre (QNCC) in less than 100 days. DIMDEX 2020 will be held under the patronage of HH Sheikh Tamim bin Hamad Al Thani, Amir of the...
Classification Society ClassNK has released its “Guidelines for Automated/Autonomous Operation of ships ~Design development, Installation and Operation of Automated Operation Systems/Remote Operation Systems~”. In the field of ships, research and development of technology related to maritime autonomous surface ships (MASS) have been actively carried out to improve safety by preventing human error and improving working conditions by reducing the workload on crew members, and demo...
Wallem Group Managing Director for Ship Agency Services, Dickson Chin, has joined Hong Kong’s highly influential Advisory Committee on Cruise Industry (ACCI), where his extensive logistical support experts will help ensure that the number of cruise ships calling at the territory continues to flourish. Developing cruise hub ACCI remit includes fostering cooperation with locations throughout Asia to cater for ships and passengers Established in 2008, ACCI advises the government of Hong Ko...
FESCO diesel motor vessel - Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The voyage will last until April 2020. Vasiliy Golovnin vessel loaded with various goods In Cape Town, the Vasiliy Golovnin vessel was loaded with 1382 tons of various goods, including equipment, fuel and food. The vessel will also transport 35 Indian members of the expedition to the stations - Bhar...
Ocean Network Express (ONE) announces details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea, and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers. The KHX service, which will be the first within ONE’s network to call Incheon, will provide shippers direct and fast coverage from North Vietnam to South Korea and South China to Incheon. The KHX service coverage, an ad...
On the afternoon of December 18, 2019, the opening ceremony of CU LINES Vietnam Co., Ltd. and the launch event of the new China-Vietnam service – CVX took place in Ho Chi Minh City, Vietnam. Over 120 guests were present to witness and celebrate this special moment, including representatives from the Consulate General of China in Ho Chi Minh City, partner representatives from local ports, cargo owners, traders, Chinese enterprises, shipping and freight operators in Ho Chi Minh and Haiphong...
MetOcean Telematics is pleased to announce that it has officially opened a new office in Ottawa, Ontario, Canada. MetOcean Telematics shows continued growth with the opening of a new office that houses a dedicated team of sales and product development professionals. Sales and product location This new regional office is positioned to further support the growing customer base This new regional office is positioned to further support the growing customer base, which seeks to further increa...
PIL announces the following enhancements to the existing Redsea Gulf Service (RGS) and Intra-Redsea Feeder 5 (IR5). These upgrades are made following the suspension of the Intra-Redsea Feeder (IRF) route with effect from December 2019. Redsea Gulf Service For RGS, a weekly Berbera call will be inserted with effect from Kota Karim 0164W/E ETA Mundra 07 December. The rotation of the new RGS is as follows: Mundra – Karachi – Jebel Ali – Djibouti – Jeddah – Berber...
FESCO Moneron is a new container ship of ice class that has recently joined the fleet of FESCO Transportation Group (FESCO). On 21 November 2019, the national flag of the Russian Federation was raised on the ship. Container ship with a capacity of 822 TEU will be operated on FESCO Magadan cabotage service (FML), which already includes the FESCO Magadan sister ship, purchased in 2018, and FESCO Posyet universal bulk carrier. FESCO Moneron container ship is planned to be put on the...
Ocean Network Express (ONE) initiated a Global Marine Safety and Quality Campaign during the months of September and October 2019, to reiterate marine navigation safety practices. A month prior to the campaign, ONE’s CEO - Jeremy Nixon, chaired a ‘Marine Safety and Quality Management Conference’ for management at ONE’s global headquarters, where critical aspects of safety and quality status for ONE’s operated vessels were discussed, and priorities determined for ON...
RCL is pleased to announce that it will add Dongguan in Guangdong province to its existing RSK rotation. The maiden call at Dongguan (Dongguan Container Terminals 7,8) will commence with the “Ratha Bhum ” from the 16 Nov 19 onwards. With this change, the new proforma for the RSK will be: Faster connectivity According to an RCL spokesperson “Dongguan will be the first direct call between Guangdong province and Cambodia. Our customers in the Pearl River Delta area have encou...
President Xi Jinping and his wife Peng Liyuan accompanied the Greek Prime Minister Mitsotakis to visit the project of COSCO Shipping Piraeus Port. The leaders and couples of the two countries listened to the introduction of the port operation and development plan, and then came to the roof platform to overlook the entire port. A busy, orderly, and thriving scene on the dock. The 20000TEU "COSCO Shipping Leo”, 14000TEU "COSCO Shipping Belgium” and other large container ships are...
FESCO Transportation Group (FESCO) has signed an agreement on the development of cooperation with Qingdao Port International Co. and Chongqing Longqilin Supply Chain Management Co. at the China International Import Expo in Shanghai. By the agreement between FESCO and Qingdao Port International Co., the parties will explore possibilities of launching new services working through the port of Qingdao, and FESCO providing empty containers in Qingdao port on a priority basis. Logistics services for...
Wrist Ship Supply is pleased to announce that Mr. Jaco Hooij will take on the position as Managing Director of Wrist-Klevenberg in Rotterdam, the Netherlands. Solid experience in logistics Jaco comes with a solid experience in logistics and is looking forward to taking on new challenges in the Wrist Group. Before joining the Wrist Group, Jaco was CEO of Kloosterboer, a leading business in temperature-controlled logistics and prior to that, he was Director of the Dutch based logistics company,...
Satcom Direct’s (SD) reputation as a pioneer in providing game changing business aviation solutions was confirmed by the Asian business aviation community during this year’s Icons of Aviation Awards 2019, held on Saturday, November 2, 2019. Up against an elite business aviation line-up, SD was named Most Innovative Company of the year at the prestigious, black-tie charity gala event, held in Hong Kong. Hosted by the Asian Business Aviation Association, AsBAA, the awards recognise ex...
Shortly (2022), there will be 20 new vessels joining the fleet, and Wan Hai Line's carbon emissions are expected to be 34.5% lower compared to 2008. Meanwhile, to reach IMO’s target, Wan Hai Line plan to replace 22 vessels with new ones from 2023 to 2030 and these new vessels will be equipped with innovative engine technologies. In the other words, its vision for 2030 is a reduction of 41.5% carbon emission (which is in advance of IMO’s standard) compared to 2008. Let’s go gr...
Browse maritime news
Related videos
Hapag-Lloyd christens "Hamburg Express": A milestone for sustainability in shipping
Hapag-Lloyd and Maersk launch Gemini cooperation: A game changer for global shipping
Hapag-Lloyd, Gemini cooperation: Revolutionising global shipping