Corporate News

Half a hundred companies from Riba-roja took part in a guided tour of the Port of Valencia led by the president of the Port Authority of Valencia (PAV), Aurelio Martínez, in a networking event organised by the Riba-roja A-3 Business Association (Rib A3) in which the support of the business sector and the Riba-roja City Council for the expansion plans being developed by the Valencian port was confirmed. During the visit, the president of the PAV described the activity figures of the Port...

At the recent SMM trade fair in Hamburg, MAN Energy Solutions and ABB, a technology company signed a Decarbonisation Cooperation agreement regarding the development of a next-generation, Dual-Fuel, Electric+ (DFE+) propulsion concept for LNG carriers. Operational flexibility The DFE+ concept features the MAN 49/60DF engine, itself launched at SMM 2022 and ABB’s Dynamic AC (DAC) technology and aims to deliver the operational flexibility shipowners need to cut carbon footprints as well as...

MAN Energy Solutions has published its Corporate Responsibility (CR) Report 2021 that provides information on its decarbonisation targets. Among these, the company aims to reduce emissions from its own production facilities by 50% by 2030, and specifies its commitment to a consistent focus on sustainable solutions. CR activities will concentrate on four focus areas, namely Decarbonisation, Circular Economy, Responsibility in the Supply Chain, and Employee Empowerment. Sustainable corporate act...

Mariana Express Lines (MELL), a subsidiary of Pacific International Lines (PIL), is pleased to announce that two of its vessels Kota Dunia and Selatan Damai, made successful maiden calls at the new Tibar Bay Port over two days from 14 September 2022 to 16 September 2022, to support the operational trials of this new deepwater port. This new development, built in compliance with globally recognised environmental standards, aims to deliver performance and productivity which are comparable wit...

Intermarine, Brazil’s largest luxury yacht builder has selected Satcom Direct, the connectivity solutions expert, as its preferred satellite broadband internet service provider. The deal, which was announced at this year’s São Paulo Boat Show, gives all Intermarine customers access to a privileged package of hardware, connectivity, and value-added services that will enhance and strengthen reliable communications and connectivity while at sea. Rack-mounted router The exclusi...

Carbon Ridge, Inc., a developer of modular onboard carbon capture and storage solutions (OCCS) for decarbonising the maritime industry, announced the company has raised $6 million in funding led by the Grantham Foundation for the Protection of the Environment, with additional investments from Crowley, a U.S.-based shipping and logistics company, and Berge Bulk, one of the world’s largest dry bulk owners, as well as Rusheen Capital Management and Plug and Play Ventures. The financing enabl...

Hundreds of people will have the unique opportunity to go behind the scenes on Scillonian III next month to mark Maritime UK Week. Local school children, Sea Cadets, and fans of the Isles of Scilly Steamship Group’s faithful passenger ship have been invited on board for the special, one-off event. It will give them a rare chance to go onboard Scillonian III while the vessel is in the dock in Penzance on a non-sailing day. Visitors will be able to meet the captain and crew, tour the ship&r...

As an extension to this year’s Future Maritime Providers essay competition, the Global Maritime Forum recently hosted a youth seminar, bringing together the top 30 essay writers from 2022, and previous years’ winners. The findings of the seminar were the topic of a fruitful discussion at the Global Maritime Forum’s Annual Summit in New York. Four powerful essay competition winners articulated how the industry can respond to the call from the youth. Improvement needed areas T...

30 shipping banks and 17 marine insurance providers and brokers announce that the Poseidon Principles will add additional trajectories to report climate alignment with a 1.5C future. This new commitment will align the Poseidon Principles with the ambition of the UN and the latest available climate science. Emissions reduction trajectory The Poseidon Principles have committed to adopting an emissions reduction trajectory in line with net-zero commitments, as soon as such a trajectory or trajec...

FESCO Transportation Group (“FESCO”, the “Group”) has launched a new intermodal container service FESCO Trans China Railway from Japan to Uzbekistan via China and Kazakhstan in order to expand its own route network. The service The service includes marine delivery from port Yokohama (Japan) to port Lianyungang (China, Jiangsu Province). Then containers proceed by the Trans China Railway route, which connects China with Kazakhstan. At the border crossing Khorgos –...

During a trip to Martinique and Guadeloupe, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, a pioneer in shipping, land, air, and logistics solutions announced the rollout of seven new container ships powered by biogas to enhance and modernise services to the French West Indies.  Seven container ships to enhance services Delivered gradually as of 2024, the seven new container ships; four 7,300 TEU vessels and three 7,900 TEU vessels, each with 1,385 Reefer...

Yang Ming Marine Transport Corp. (Yang Ming) has added one new 11,000 TEU container vessel, ‘YM Trillion’. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. YM Trillion was named and delivered to Yang Ming at a ceremony held at Imabari Marugame Shipyard on 21st September. Yang Ming’s attendees joined the event remotely at their Taipei office. Accelerate fleet optimisation Mr. David Yen, Chairman of T3EX Global Holdings Corp. wa...

imageHOLDERS’ bespoke kiosk technology has helped Lufthansa Cargo streamline its delivery processes at a time of numerous challenges for the airfreight industry. Founded in 1994, Lufthansa Cargo is one of the airfreight companies, employing around 4200 people worldwide and servicing 300 destinations in more than 100 countries. The company is continuously investing in state-of-the-art technologies to enhance sustainability and efficiency; when it needed to improve its shipping handling pro...

The shipping industry is working towards full decarbonisation by 2050 at the latest and last year an action plan was launched on which both private and public actors can focus their collective efforts around this and the coming decades. The first-of-its-kind Climate Action in Shipping – Progress towards Shipping’s 2030 Breakthrough report – launched on 21 September during New York Climate Week, prior to the Global Maritime Forum Annual Summit, and in parallel with th...

“CUL LAEMCHABANG”, the finale of CULINES’ 4 1930TEU container newbuildings was successfully named and delivered at CSSC Whampoa Wenchong Shipyard Guangzhou South Salon point factory. Ms. Lixin Han, the doctoral supervisor CEO from DLMU, named and cut the ribbon for the new building as the godmother. Attendees  Professor Minqiang Xu, the deputy secretary of the Party Committee from DLMU, Mr. Jianqiang Lou, president of Antong Holdings Co., Ltd, Mr. Bing Luo, CEO of CSSC...

CULINES and Antong Holdings Co., Ltd signed a framework agreement on capital investment cooperation at the head office of Guangzhou Port Group. Mr. Yibo Li, president of Guangzhou Port Group, Mr. Jianqiang Lou, president of Antong Holdings Co., Ltd, and Mr. Raymond Chen, president, and CEO of CULINES, jointly attended and witnessed the signing ceremony. Mr. Chaoyang Guo and Mr. Kevin Ding, executive vice president of CULINES signed the capital investment cooperation framework agreement on behal...

Iridium Communications Inc. announced Operation Pacific Waves (OPW), a series of partnership-driven field exercises involving more than 20 organisations. Focused on the Indo-Pacific region, OPW will deploy Iridium® and Iridium Connected® equipment in live scenarios highlighting the Iridium network's resilient, real-time, and truly global capabilities. SATCOM field demonstrations A variety of Iridium SATCOM field demonstrations will take place in coordination with an international co...

MetOcean Telematics (MetOcean) is pleased to announce Jean Pelletier has joined the MetOcean Telematics team as the Vice President of Engineering. Reporting to Scott Ivany, Jean will be responsible for leading the execution of projects and initiatives within MetOcean’s Engineering department. Within his career to date, Jean has held roles QinetiQ Group Canada, Ultra Sonar Systems and IMP Aerospace and Defence. MetOcean Telematics hires Jean Pelletier “I am thrilled to join such a...

The Global Maritime Issues Monitor measures the temperature among senior maritime stakeholders on key issues likely to impact the sector in the next ten years, and the industry’s preparedness to face them. Addressing the issues Jointly published by the Global Maritime Forum, Marsh, and the International Union of Marine Insurers, the report finds that the decarbonisation of shipping and new environmental regulations are seen as the most impactful issues for the second year in a row. Geop...

On September 20th 2022, CULINES, together with Lee & Man Paper Manufacturing limited and Guangzhou Port Group jointly signed trilateral strategic cooperation MoU (Memorandum of Understanding) at the headquarters of Guangzhou Port Group. Mr. Xiaoming Song, the Deputy General Manager of Guangzhou Port Group, Mr. Haozhong Li, Executive Director of Lee & Man Paper and Mr. Raymond Chen, Chariman & Chief Executive Officer (CEO) of CULINES, attended the signing ceremony and witnessed the s...

The traffic indicators recorded during the month of August at the Port of Valencia have once again acted as a precise thermometer of the state of international trade, of the turmoil in the fuel, solid bulk (cereals), and liquid bulk (Liquefied Natural Gas and oil) markets, as well as the world of containers (import/export of manufactured goods) and tourism. In August, Valenciaport’s terminals recorded new drops in transhipment traffic, but registered historic records in import containers,...

On September 16, 2022, in Moscow, Russia, the Chairman of the Board of Directors of FESCO Transportation Group - Andrey Severilov held a meeting with Ambassador Extraordinary and Plenipotentiary of the Argentine Republic - Eduardo Antonio Zuain. The event was also attended by the Head of the Trade and Economic Section of the Argentine Embassy, Franco Ruggiero. Intermodal cargo transportation At the meeting, the parties discussed practical steps to develop cooperation in the field of...

Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain technology supplied by TradeLens, the pilot illustrates the effectiveness of the technology to improve supply chain efficiency by significantly reducing document processing lead times. Paperless process With the underlying Letter of Credit executed using an electronic Bill of Lading (eBL), Citi Bangladesh facilitated the imp...

The Fishing Industry’s Safety & Health Platform (FISH Platform) is announcing vital new funding as well as a conference for international fishing safety and health taking place in Sri Racha, Thailand on 15 and 16 November 2022. The FISH Platform was formed 10 years ago by the world’s leading fishing safety experts and in September, the Fishing Industry’s Safety & Health Platform Limited was incorporated by Companies House as a not-for-profit organisation to expan...

Cochin Shipyard Limited (CSL) has launched a startup policy to support start-ups in the global maritime sector. Key focus areas included in the start-up policy include: Smart technologies that automate Decarbonisation of Maritime Industry Artificial intelligence and machine learning to optimise processes Improving efficiency in the maritime sector processes free from human error Autonomous ships and ROVs Simulation Make life simpler and safer for users/stakeholders in the port and marit...

Back in February of 2022, OXE Marine announced the news of their collaboration with JET-TECH. The combination of OXE Marine’s belt drive and the JET-TECH (Jet-Tech Propulsion, LLC) water jet meant an astonishing 1:1 ratio of power to propulsion. Cut to a few months later and the company is now running beta and alpha testing in various applications.

AV Dawson, Owner, and Operator of Port of Middlesbrough has acquired the dry bulk business, Cobra Middlesbrough, as part of its strategic investment and expansion plans. The acquisition will see Port of Middlesbrough’s footprint grow by eight acres, unlocking further opportunities on what was previously a 100-acre site. Cobra, based on North Road in Middlesbrough, operates a dry bulk handling terminal with processing and packing facilities. The company’s main area of focus and exper...

The Spanish Navy has awarded Rodman the building and supply of three new boats Rodman 66 model. Two of these boats will be Training Boats for students in the Navy’s educational centres. The third boat will be a Coastal Surveillance Boat. The three boats will be delivered during 2023. The total value of this contract is 8,040,000 euros. With this new contract, the Spanish Navy reinforces its confidence in Rodman for the construction of this type of GRP vessels.

The family owned food company Fontana Food is establishing at Stockholm Norvik Port, which will shorten their producer to consumer logistics chain. This in turn means more sustainable and cost effective transport, with Stockholm Norvik Port growing in its role as an important logistics hub in the Greater Stockholm area. Simpler logistics chain Fontana Food AB, a company that imports food products from the Mediterranean, is relocating parts of the company’s operations from Tyresö to...

VSTEP announces the release of their new maritime simulator NAUTIS Home in the last quarter of 2022. With NAUTIS Home, VSTEP aims to enable both maritime professionals and enthusiasts to experience realistic ship simulation from home, onboard or anywhere else. Until now, professional maritime simulation was mostly accessible with large simulators at training locations or through companies and schools. “At VSTEP, it is our primary goal to enable learning by simulation,” says Fabian v...