Corporate News

On May 26, Pierre-Yves Dermagne, the Deputy Prime Minister and Minister of Economy and Labor of Belgium, visited the port, logistics and industrial complex of Sines, accompanied by a delegation of entrepreneurs, from areas such as energy transition and environmental sustainability. The Belgian delegation was received by António Costa e Silva, the Minister for Economy Maritime Affairs and by the Port of Sines’ Board of Directors, accompanied by senior representatives of aicep Global...

The World Port Climate Action Program (WPCAP) will be extended with a new focus on shore power, new fuels and green shipping corridors. This was agreed by the CEOs (Chief Executive Officers) and leaders of 12 leading ports at a meeting in Rotterdam, Netherlands, on the occasion of the first five years of the program. WPCAP members praised the program for its important contribution to the adoption of sustainability standards in the shipping industry. World Port Climate Action Program (WPCAP) &...

Yang Ming Marine Transport Corp. (Yang Ming) and HD Hyundai Heavy Industries Co., Ltd. (Hyundai Heavy Industries) signed a new shipbuilding contract en bloc for five 15,500 TEU LNG dual fuel container vessels. The signing was conducted by Captain James Jeng, Yang Ming’s Chief Marine Technology Officer, and Mr. Jae Ho Kang, Hyundai Heavy Industries’ Executive Vice President. These new vessels are scheduled to be delivered in 2026, as part of Yang Ming’s mid-long-term fleet pl...

Mackay Communications, Inc., dba Mackay Marine, has expanded its worldwide marine electronics Sales & Service presence into the United Kingdom (UK), with its acquisition of Kilo Marine Electronics, Ltd., Kilo, now certified as Mackay Marine U.K., Ltd., is based in London, with service stations throughout the UK. Nick Pope, the Managing Director (MD) of Mackay Marine Europe, stated “Shipping customers have long encouraged Mackay to provide comprehensive Comm & Nav products and serv...

Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, is proud to announce that Chef Alexis Quaretti, Senior Culinary Director has been inducted into the prestigious echelons of the Maîtres Cuisiniers de France. Chef Alexis Quaretti joins Oceania Cruises’ Vice President of Culinary - Eric Barale, who served as Quaretti’s godfather into the programme. As such, Oceania Cruises is the only major cruise line to boast two Master Chefs of France....

The Board of Directors of OXE Marine AB (OXE Marine / the ‘Company’) has resolved to appoint Paul Frick as the new Chief Executive Officer (CEO) effectively from Monday, 29th May, 2023, following the resignation of Anders Berg, who will stay on for a smooth transition period. Jonas Wikström, Chairman of the Board, OXE Marine, said “We are very pleased with the appointment of Paul Frick as the new CEO of OXE Marine. In his role as CFO, he has done a fantastic job in managi...

Peel Ports Group is investing £28 million in a new facility at the Port of Liverpool, in its biggest single investment in warehousing this year. Construction of the 240,000-square-foot warehouse at the pioneering port operator’s Alexandra Dock is to begin in the coming days. The new facility, referred to as Alexandra Dock Multi-User Warehouse (MUW), will be the length of up to five football pitches (400 metres) and used for the handling and storage of cargo at the port.&nb...

This zero-emission ship from Future Proof Shipping (FPS) is 110 metres long and will sail for Nike several times a week between the port of Rotterdam and BCTN’s inland terminal in Meerhout, Belgium. This is expected to result in annual greenhouse gas emission savings of 2,000 tonnes of CO2. Inland and coastal shipping Future Proof Shipping (FPS) aims to build and operate a fleet of more than 10 zero-emission inland Minister of Infrastructure and Water Management Mark Harbers was there...

Further to the Company’s announcement of 23 February 2023, SAE are delighted to announce that Uskmouth Energy Storage Limited, a portfolio company of Quinbrook Infrastructure Partners, on 23 May 2023, gave formal notice of their exercise of the option to take a lease of land at the Group’s Uskmouth site for one of the UK’s largest BESS projects (230MW/460MWh). SAE continues to make excellent progress on its business objectives and pioneer projects and this is another major mil...

Mersey Maritime has announced changes to its senior leadership, with Maritime UK, the umbrella organisation for the UK’s maritime sector, appointing Chris Shirling-Rooke MBE as its new Chief Executive Officer (CEO). Chris Shirling-Rooke will move over from Mersey Maritime to Maritime UK in the early summer and Maritime UK thanks Mersey Maritime for helping to facilitate a seamless transfer. Maritime UK appoints new Chief Executive Officer (CEO) Chris is currently serving as the CEO of M...

Spire Global, Inc., a global provider of space-based data, analytics, and space services, and BlackSky, a provider of geospatial intelligence solutions, has developed a real-time, commercially available Maritime Custody Service (MCS) that can automatically detect, identify and track more than 270,000 vessels worldwide in open water, along rivers and canals, and while docked at port. Detect and analyse images The MCS uses data from Spire’s radio frequency-monitoring satellite constellatio...

Maritime UK, the umbrella organisation for the UK’s maritime sector, has appointed Chris Shirling-Rooke MBE as its new Chief Executive Officer (CEO). He will move over from Mersey Maritime to Maritime UK in the early summer and Maritime UK thanks Mersey Maritime for helping to facilitate a seamless transfer. Chris Shirling-Rooke is currently CEO of Mersey Maritime, a maritime regional cluster organisation based in the Liverpool City Region. In this role, he has championed the importance o...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines based in Akashi City, Hyogo Prefecture. J-ENG is currently conducting tests of ammonia fuel under various conditions utilising an experimental, large-scale, low-speed two stroke marine engine, located at the MHI Research & Innovation C...

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation have started joint study for the development of an ocean-going liquefied CO2 (LCO2) carrier. Nihon Shipyard is pursuing this project with the aim of completing construction of the vessel from 2027 onwards. Demand for LCO2 carriers to grow in the future Demand for...

Nor-Shipping is partnering with Ocean Hyway Cluster and Maritime CleanTech to deliver The Second Nor-Shipping Hydrogen Conference on 7 June. The event, taking place at Nor-Shipping’s main exhibition halls in Lillestrøm, will feature experts pooled from right across the emerging hydrogen value chain, delivering insights on the very latest developments for one of maritime’s most promising ‘green’ future fuels. With a nod to its 2023 main theme of #PartnerShip, Nor-S...

As the supplier of marine coatings, Jotun partners with a broad range of stakeholders working to decarbonise shipping. But is the industry moving fast enough? Jotun’s President and CEO Morten Fon shares his views on how leadership, innovation and collaboration can accelerate the transition to a low carbon future. From his corner office on the seventh floor of Jotun’s Headquarters and R&D Centre, Morten Fon, Jotun’s President and CEO, has stunning views of the marine traffi...

Launched to coincide with the IMO International Women in Maritime Day, Maritime UK is pleased to introduce a new social media campaign aimed at promoting STEM career opportunities for girls in the maritime industry. The maritime industry is vital to global trade and plays a significant role in the global economy, with an estimated 90% of world trade carried by sea. Within the United Kingdom (UK), the sector supports over 1 million jobs. However, women remain underrepresented in many parts of th...

Inmarsat, a worldwide renowned company in global, mobile satellite communications, has announced FreeWave Technologies - a major Internet of Things (IoT) solutions provider - as a Distribution Partner for its L-band satellite IoT services. The partnership, signed at this week’s IoT Tech Expo North America 2023, in Santa Clara, California, USA, will focus on the integration of Inmarsat’s IsatData Pro (IDP) service in FreeWave’s end-to-end IoT solutions, initially with standalon...

Ricardo, a global strategic, environmental, and engineering consulting company, is working with the sustainable HYdrogen powered Shipping consortium (‘sHYpS') to design and develop hydrogen fuel cell propulsion technologies to power the next generation of zero-emissions passenger ships. The project involving 13 partners in six European countries will accelerate the adoption of hydrogen as a renewable fuel in the maritime industry. The work has been funded by UK Research and Innovation (U...

Unifeeder initiated the first ever coastal movement of Mono Ethylene Glycol (MEG) from the Indian Oil Corporate facility in Paradip to Hazira, in India. Mono Ethylene Glycol - MEG is predominantly used as a raw material in manufacture of polyester staple fibres and polyester filament yarns in the textile industry. MEG is also widely used by the chemical industry in products such as the coolant, break fluids, and unsaturated polyester resin to name a few. Mono Ethylene Glycol (MEG) In the last...

ZIM Integrated Shipping Services Ltd. (ZIM), along with other investors, announced the initial closing of an US$ 8 million financing round in Spinframe (Spinframe Technologies). ZIM led this investment as part of its strategy to invest in early-stage companies involved in the digitalisation of supply chains who offer novel cutting-edge services with high growth potential. Spinframe develops vehicle-inspection systems based on artificial intelligence (AI), computer vision, and machine-learning t...

With incidents on the rise, more needs to be done to address safety, particularly as the industry faces uncertainties related to decarbonisation and digitalisation. The analysis found that the overall number of safety incidents increased by 9% in 2022, driven by a 12% increase in incidents involving machine damage or failure. This highlights the importance of developing a better understanding of new technologies and placing equal value on human, organisational and technological elements, helpin...

Tokyo –based classification society, ClassNK has granted its Innovation Endorsement for Products & Solutions to cyber-security service for ships called FSE (Fleet Secure Endpoint), provided by JSAT MOBILE Communications Inc. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and softwar...

MAN Energy Solutions’ after-sales division, MAN PrimeServ, has completed a retrofit aboard the ‘Ambience’, a vessel belonging to Ambassador Cruise lines, managed by Bernhard Schulte Cruise Services. Scope of the project The scope of the project covered the installation of SCR (Selective Catalytic Reduction) systems, while two of the ship’s four MAN 8L58/64 engines replaced their NA57/T turbochargers with modern MAN TCA 66 units. The order came about when Ambassador...

In commemoration of the 2023 World Safety Day, the Nigerian Maritime Administration and Safety Agency, NIMASA organised a safety workshop with the theme ‘Zero offshore incidents, a culture of prevention.’ This is in line with the International Labour Organization, ILO declared theme of ‘A safe and healthy working environment as a fundamental principle and right at work’. NIMASA organises safety workshop Safety, like charity, should begin at home and we are committed to...

NYK Line, IHI Power Systems Co., Ltd. (IHI Power Systems), Nihon Shipyard Co., Ltd. (Nihon Shipyard), Japan Engine Corporation, and Nippon Kaiji Kyokai (ClassNK) (hereafter, “the consortium”) are pleased to announce that the world’s first four-stroke ammonia-fuelled engine has successfully completed a land-based test for the stable combustion of fuel ammonia having an 80% co-firing ratio, as part of a demonstration project for the commercialisation of vessels equipped with a do...

A new study from West Australia – East Asia Iron Ore Green Corridor Consortium finds that ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. Green corridors Green corridors, specific trade routes where zero-emission shipping solutions are demonstrated and supported, are one of the key levers to aid the shipping industry and governments in the decarbonisation of the maritime sector. The...

Yang Ming Marine Transport Corporation (Yang Ming) on May 12, 2023, held the 383rd Board meeting that passed the Q1 2023 financial report and approves the procurement of LNG dual-fuel container vessels. According to this report, the consolidated revenues in Q1 totaled NT$ 36.95 billion (US$ 1.22 billion). The net profit after tax stood at NT$ 3.4 billion (US$ 112 million), with an EPS of NT$ 0.97. Downward incline in demand in the global market The maritime transport market in Q1 suffered del...

Hempel’s efforts in supply chain engagement on climate issues gain external recognition with an A score in CDP’s 2022 Supplier Engagement Rating (SER). Hempel is recognised for accelerating climate action in its supply chain through efforts including its Sustainable Procurement Programme, validated science-based target on Scope 3, and sustainability governance and reporting. Hempel attains top rating for its sustainability framework The top rating fully supports the company’...

At the 2023 Annual Meeting of the Sea Cargo Charter Association in Copenhagen, the 36 Signatories elected new Steering Committee members and discussed past and future activities. In total, 12 member companies were elected to the Steering Committee to coordinate the Association on behalf of its members. The Sea Cargo Charter is a framework for assessing and disclosing the climate alignment of chartering activities. Charterers and cargo owners play an important role in the industry’s path t...