Corporate News

In the period 1st January to 31st May 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 95-100% on-time, consistent over both quarters. In the period 1st January to 31st May 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 95%-100% on time, consistent over both quarters. This is in comparison to a global industry average of 40.3% (March 2021 figures). Missing the window The cons...

In the period 1st January to 30th September 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 86-100% on-time, consistent over all three quarters. UK ports remain a particular challenge. In the period 1st January to 30th September 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 86%-100% on time, consistent over both quarters. This is in comparison to a global industry average of 35.8% (December...

Eastaway, a member of the X-Press Feeders Group, has commissioned 8 state-of-the-art 1,170 TEU container ships, with options for more. The first vessels will be delivered for service in late 2023, while all ships will be operational by the end of 2024. X-Press Feeders will operate the ships in our Europe and America trade routes, as the newest addition to our 100 strong fleet of operated vessels. The new container ships have been designed by naval architects TECHNOLOG Servies GmbH. Each vesse...

To create great products means to listen, understand and rebuild constantly. In the current global market situation, affected by the COVID-19 pandemic and the severe capacity disruptions, the biggest challenge for A.P. Moller – Maersk’s (Maersk) customers was to acquire the right agility and resilience in their supply chain. While talking to the customers, a key learning was that more clarity was needed on the kind of contracts and products that they were purchasing with Maersk. Whi...

SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent as announced on August 3, 2021. FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 kilometres from Arraial do Cabo, Rio de Janeiro state. Fast4Ward® program Mero is a...

BAE Systems, a globally renowned company in electric propulsion, successfully installed its zero-emission propulsion system in the first U.S. hydrogen fuel cell powered marine vessel, the Sea Change. BAE Systems provided its HybriGen Power and Propulsion solution to Zero Emission Industries for integration on the Sea Change vessel that will operate in the San Francisco Bay Area. The Sea Change project is funded and owned by SWITCH Maritime, an impact investment firm building the first fleet of...

Headquartered in Kolding, Denmark, Tricon produces control panels and electronics for the global market. This calls for wide-ranging and skilled logistics solutions. Currently, Blue Water handles all Tricon’s cross-border shipments to and from Kolding, the company’s factory in Hungary and the rest of the world. Good sparring partner “The employees of Blue Water are always quick to assist if we have questions or challenges," says Director of Tricon, Kenneth Lund, adding ...

Nigeria, through the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Republic of Korea, signed a Memorandum of Understanding (MoU) of cooperation in the field of Maritime Security and Safety. The Director-General of NIMASA, Dr. Bashir Jamoh signed on behalf of NIMASA while the Director-General, International Affairs and Intelligence Bureau, Korean Coast Guard, Seonggi Kang signed on behalf of Korea. The MoU which provides a framework for NIMASA and the Korean Coast Guard i...

The OECS region’s coastal and marine environment is pivotal to the advancement of the region’s sustainable development agenda as well as to the ecological sustainability and holistic development of its Member States.  Although the Blue Economy in the region is fairly nascent and requires a major boost to realise its transformative promises, there is momentum and gradual growth in understanding of the potential of the Blue Economy to position the region to realise its aspiration...

The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation. The world’s governments have agreed to give further consideration to the detail of the concept of an IMO-supervised, industry financed, USD 5 billion programme, to be conducted by a new International Maritime Research and Development Board (IMRB)...

Danfoss China has signed a cooperation agreement with renowned Chinese shipyard, Zhenjiang Shipyard, to quicken the rate of electrification in the Chinese marine industry. The agreement between Danfoss China and Zhenjiang Shipyard is directly aligned with China’s strategy to boost green shipping and will see the two companies partner, in order to further enhance Zhenjiang Shipyard’s hybrid tugboats, the star vessel of the business’ portfolio. Partnership with Zhenjiang Shipya...

On 12th November, the Pakistan Navy commissioned its new Corvette – a Damen OPV 1900 – named PNS Tabuk at the Port of Constanta, Romania. The ship is part of a two-vessel order with Damen, signed by the Pakistan Ministry of Defence in 2017. Both ships are built at Damen Shipyards Galati in Romania. The first vessel, PNS Yarmook, joined the Pakistan Navy’s fleet in February. Multipurpose & highly adaptable platform The Damen OPV 1900 feature 2 DAMEN INBOARD RHIB 1125. Th...

SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage, and Offloading vessel (FPSO) for the Yellowtail development project. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited (EEPGL) to begin FEED activities and secure a Fast4Ward® hull. Construct, install, and lease FPSO Following FEED and subject to g...

The EU Innovation Fund has given a positive grant decision of EUR 88 million funding to Neste’s green hydrogen and CO2 capture & storage project, which aims to quickly and efficiently reduce greenhouse gas emissions at the Porvoo refinery in Finland. The project introduces carbon capture and storage (CCS) and electrolysis solutions that allow decarbonisation of production at the refinery. The project is currently in the feasibility phase. Climate targets  The project will stron...

The transition to a low-carbon society is reliant upon bringing in new and growing technologies, such as carbon capture and storage (CCS) technology to reduce the CO2 emissions to atmosphere, and Norway’s Equinor is a pinoeer in this area. There is a need for reliable consequence models for safety assessments, design of barriers and documentation of CCS safe design. To ensure the highest safety standards, it is critical to have tools that simulate what actually happens if accidents occ...

Neste has been selected in the Dow Jones Sustainability Indices (DJSI) for the 15th consecutive year. Neste is included in both DJSI World and DJSI Europe listing, among the most sustainable companies in the world. Neste’s performance received the industry’s best scores in materiality and environmental and social reporting, contributing to the company’s inclusion among the top performers. Ambitious climate commitments “The recognition in the Dow Jones Sustainability In...

Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, says inter-agency collaboration is key to a sustainable resolution of the problem of accidents in the Nigerian inland waterways, which has led to avoidable loss of lives and property. Jamoh made the assertion at an awareness forum in Lagos organised by the NIMASA in collaboration with the Nigerian Ports Authority (NPA), National Inland Waterways Authority (NIWA), and Lagos State Waterways Author...

Water and a piece of the iceberg from Greenland were part of the exhibition at the UN’s climate summit in Glasgow. But how to move this gigantic iceberg piece over a 2,500 kilometres sea distance? Through network, Blue Water was contacted with an inquiry about this unusual task that need to be solved within a narrow time frame. Shipping the ice Several operators were already contacted but none were willing to undertake the demanding job. It concerned a piece of the iceberg from Narsaq i...

SBM Offshore is pleased to announce that during the Annual General Meeting to be held on April 6, 2022 (AGM) it will be proposed to appoint Hilary Mercer as member of the Supervisory Board as per that date. In the interim, Hilary Mercer will act as an advisor to the Supervisory Board. Hilary Mercer Hilary Mercer is a Senior Vice President in Shell Chemicals and leads the Shell Polymers business, which includes its Pennsylvania Chemicals facility in the U.S. Hilary has over 34 years of experi...

Vessul, the most advanced crew travel management tech for marine and energy, has partnered with Blue Marine Foundation (BLUE), a charity dedicated to restoring the ocean to health for everyone, forever. “Vessul’s connection to the ocean and all it provides runs deep, which is why our partnership with BLUE is so incredibly important to us as a company,” said Vessul COO Neil Ruth. Generating revenue “As a corporate partner of BLUE, Vessul is committed to suppor...

Wan Hai Lines Ltd. is pleased to announce its plan to expand its existing service network between China to Southeast Asia, by launching a new weekly service from Central China to Cambodia & Thailand, on 1st December 2020. China to Cambodia/Thailand (CT5) Service The China to Cambodia/Thailand Service, named CT5 will be operated with 3 vessels, with an intake of 1,200 TEU. Wan Hai Lines will deploy 1 vessel, while its partners - Yang Ming Lines and Sealand Maersk Asia will operate the two v...

BAE Systems has announced that it is extending its partnership with Keep Scotland Beautiful to become the primary supporter of the charity’s Upstream Battle® campaign on the River Clyde and its tributaries. The partnership, which has already seen the creation of two new Community Clean Up Hubs in Scotstoun and Govan, will continue to raise awareness of the problem of marine litter from source to sea and inspire action to improve waterways throughout the Clyde Valley. Funding BAE Sys...

The Seafarers' Charity, the largest grant-awarding maritime charity, has unveiled its new website, making it easier to apply for grants and explaining the complete network of support provided. The Seafarers’ Charity works with delivery partners to support seafarers across the world, reflecting the global nature of seafaring. Support and care for seafarers Their diverse work over 2020 has included the COVID-19-focused Seafarers International Relief Fund, as well as their continued...

Global Survival Technology solutions company, Survitec has completed the acquisition of Blue Anchor Fire & Safety Ltd, one of Scotland’s major providers of survival solutions providers to the fisheries, maritime and offshore energy industries. The investment, part of Survitec’s expansion strategy, follows the acquisition in May of Norway’s Hansen Protection, a renowned provider of personal protective equipment. Acquisition of Blue Anchor Fire & Safety Ltd Baba Devani...

An exceptional operation was carried out in the Aabenraa Inlet. In a planned operation, a large semi-submersible freighter slowly submerged to prepare for the float-off of 'Magnor', the world’s biggest backhoe dredger. The purpose-built freighter is constructed for this specific type of assignment and can carry vessels that are unable to manoeuvre under their power.  Float-off operation For performing the float-off operation, the semi-submersible vessel ballasted to submerge its ce...

Satcom Direct (SD), the business aviation solutions provider, has inked a preferred supplier agreement with Slovenia-headquartered aviation services company - Elit’Avia. Voice, data, connectivity, and flight deck communication functionality, along with customer support and training, is now enabling Elit’Avia to optimise the full range of SD connectivity services for its mixed fleet.  Demonstrating the value of the SD Xperience portfolio, which enables customisation of bundled p...

Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rate increases. The rise in freight rates  According to the Xeneta Shipping Index (XSI®) Public Indices, long-term rates recorded their tenth consecutive month-on-month rise in October, climbing by 2.2%. The indices stand at a colossal 93.1% up year-on-year, with little hope of relief on the horizon for embattled shipper...

The Seafarers’ Charity - a provider of grants and support to the maritime community - has received funding for a pilot project to develop safety management onboard fishing vessels to the standard of the Fishing Safety Management Code. The new service is called Fishing First Safety Management by SafetyFolder and aims to improve safety in the UK fishing fleet and, at the same time, increase supply chain transparency. Auditable safety standard The Seafarers’ Charity’s Chief Exe...

Swedish freight technology company Einride and GE Appliances, a Haier company announced a partnership for the implementation of electric and autonomous transport at scale. It will be the first time in history an autonomous and electric truck is live and operating on U.S. soil. The partnership will represent Einride’s first installation with its renowned Pods in the U.S., which will operate on GE Appliances’ 750-acre Appliance Park campus in Louisville, Kentucky. The new fleet s...

DC Global Freight Management has chartered vessels directly from China to the UK, while the majority of shipping service operators will stop at several ports along the route to load and unload cargo. Many also stop in Rotterdam and Antwerp on the way and move containers to the UK with smaller vessels. Direct Freight Shipping Service There have been global issues around ports being overly congested due to the pandemic, a national shortage of lorry drivers, soaring consumer appetite for good...