Corporate News

A £110 million contract has been awarded to deliver the new Defense Strategic Radio Service (DSRS) to critical military operations. DSRS uses the Earth’s ionosphere, part of the upper atmosphere, to allow radio signals to be sent and received across thousands of kilometers. This allows communications to be rapidly delivered across a variety of domains to service personnel, regardless of whether they are on land, in the air or at sea. The new communications service removes the tra...

Babcock the aerospace, defense and security company has secured the first export contract for its Arrowhead 140 (AH140) frigate through a design license agreement with PT PAL Indonesia (Persero), a state-owned enterprise that builds and maintains ships for military and commercial use from its facilities in Surabaya, Indonesia.   The breakthrough deal comes two years since Babcock’s AH140 design was first announced as the preferred bidder for the UK Type 31 frigate program at D...

SBM Offshore is pleased to announce it has completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in the Company’s history. Project financing The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and SACE S.p.A. A letter of intent was received from China Export & Credit Insurance Corpor...

BAE Systems, in collaboration with other maritime industry pinoeers, has secured funding from the UK Department of Transport to design, develop and demonstrate exciting new power and propulsion technologies for London, with the potential to reduce emissions across global waterways. Working across two separate projects in the city with Uber Boat by Thames Clippers, a ferry operator and Cory, a waste to energy management company, BAE Systems will use its expertise in providing integrated solutio...

A new study has revealed the significant economic contribution of the maritime industry, contributing more than £56.4 billion per annum. These 2019 figures represent a 19% increase from the last time statistics were produced for the industry in 2017, which put the annual figure at £47.4bn, higher than aviation and rail combined at the time. The preliminary Centre for Economics and Business Research (CEBR) findings, commissioned by Maritime UK, come as global industry leaders conve...

For years, reefer transport and logistics have been vital activities for Blue Water Shipping. The acquisition of Freightway International will strengthen Blue Water's focus on the Canadian and North Atlantic markets. Expansion of services "It is an essential strategic step for us to get Blue Water facilities and an office in Canada. It will allow us to expand our current range of services to the Canadian markets and with the acquisition of Freightway International, we get a strong foothold in...

Due to increasing market demand, Unifeeder adds Tilbury to its weekly Benelux/Portugal service. The first sailing will take place from Lisbon on Wednesday 25th of November and will arrive in Tilbury the following Monday. Intra-European cargo Rotterdam being the leading European hub port allows us to consolidate global as well as Intra-European cargo flows on a single vessel and distribute it to key ports in Portugal. The service provides competitive lead times and is a reliable, as well as su...

Unifeeder Group, through its Unifeeder ISC platform, announced the acquisition of Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders Pvt. Ltd., the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Limited, excluding vessels and bulk operations. Avana Logistek and Avana Global cover 60 ports, whereas Transworld Feeders and Shreyas Shipping and Logistics cover 53 ports.  Feeder...

The International Transport Forum (ITF), NITI Aayog and the National Institute for Transforming India have jointly launched the ‘Decarbonising Transport in Emerging Economies’ (DTEE) project in India, on June 24, 2020. The launch, held via a webinar, was inaugurated by International Transport Forum – ITF Secretary - General Young Tae Kim and the Chief Executive Officer (CEO) of NITI Aayog - Amitabh Kant, in the presence of D.S. Mishra, Secretary in the Ministry of Housing and...

In response to increasing demand for multimodal transportation Unifeeder has further increased its UK service coverage by introducing an additional loop connecting the Benelux, German and Russian markets with London. London Gateway, a state-of-the-art container terminal operated by DP World, is the preferred import hub for the greater London area has become an important gateway for Shortsea and Feeder shipments to and from the UK. Service highlights Fixed-day service with secure berthin...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has initiated a feasibility study with TotalEnergies for the development of a liquefied CO2 (LCO2) carrier. By furthering development of technologies, to reduce the volume of CO2 emissions in the oil and gas industry, MHI Group aims to strengthen its businesses, supporting strategic efforts for energy transition. MHI Group is pursuing a range of measures for a decarbonised society and establishing a CO2 ecosys...

We are pleased to inform you that Unifeeder has launched a new service via the Hub port of Southampton to/from the ports of Cork, Belfast and Dublin. The new service to the Irish Sea is further expanding Unifeeder’s presence in Northern Europe and will allow us to offer our customers an even more extensive outport coverage. First sailings are already successfully completed, and will, going forward, run as a weekly fixed-weekday service. Service highlights Reliable service with fi...

As a disruptive force in the e-commerce space, the acquisition of HUUB strengthens Maersk´s technology capabilities, bringing the best attributes of a modern entrepreneurial agile workplace.   "HUUB is a great fit for Maersk, a curious team with inspiring founders. With HUUB we are acquiring world-class capabilities and talent that will allow us to greatly accelerate the development of our omnichannel offering. This will make it much easier for our customers to focus on their core b...

Announced this week at DSEI, the MOU has been put in place to provide unmatched access to established UK aerospace resources, as well as a fully integrated digital enterprise.   As pioneers of power, Rolls-Royce’s mission is to innovate efficient and sustainable power solutions to meet customers’ operational requirements and to protect our planet, secure our world and explore the universe. Rolls-Royce Defense family of digital small propulsion systems are being developed rapid...

Keppel Technology & Innovation (KTI) has received a verification certificate for a 3D printed deck mounted type Panama Chock (SWL150Ton) from DNV, the independent energy expert and assurance provider’s Global Additive Manufacturing Technology Centre of Excellence in Singapore. The component, which is intended for non-class maritime applications, is the world’s largest 3D-printed shipboard fitting. Shipboard fittings Panama Chocks are large shipboard fittings for towing and moo...

Two new hybrid crew transfer vessels (CTVs) –MHO Asgard and MHO Apollo – arrived at MHO-Co’s headquarters in Esbjerg, Denmark, after making the 12,000 nautical mile journey from China’s AFAI Southern Shipyard. Measuring 34.4 meters in length and with an 11-meter beam, these vessels will be run by operator MHO-Co and service the Hornsea Project 2 offshore wind farm in the North Sea. Sustainable operations The vessels’ power system is the result of a collabora...

Kinder Morgan, Inc., one of North America’s largest energy infrastructure companies, is partnering with Neste, one of the providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals. Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the prim...

ClassNK is committed to providing comprehensive services to support the industry’s efforts for the transition to zero-emission of shipping business. In support of measures for GHG emissions reduction, ClassNK has released 'Guidelines for Ships Using Alternative Fuels'. They are the updates with safety requirements for ships using ammonia as fuel on previously issued 'Guidelines for Ships Using Low-Flashpoint Fuels' covering LPG/Methanol/Ethanol, and provide comprehensive information o...

Inmarsat, the pioneer in global, mobile satellite communications, has expanded its agreement to deliver maritime broadband to Hapag-Lloyd, after the global transport group renewed its Fleet Xpress contract for a further five years and committed 33 more ships to the very small aperture terminal (VSAT) service. Under the extended agreement, which now covers 77 ships, the Fleet Xpress hybrid of Ka-band and continuous L-band back-up service replaces Ku-band systems onboard ships merged into...

In July 2020, two fully functional Maersk containers were skillfully painted with a rainbow to join Maersk’s fleet, and in March this year, they embarked on their first World Tour.   The first part of the journey for the 40 and 20-foot rainbow containers was aboard the Maersk Edmonton from APM Terminals Pier 400 in Los Angeles to Yokohama. The containers have stopped at several locations across Asia and Europe, before finally ending their tour in Denmark for Copenhagen Pride 2021....

The biggest lesson over the past year is that curveballs can come from anywhere and disrupt even the best-laid plans. Global logistics has to evolve and become more agile to swing more effectively. Smart digitalisation can help build resilience, increase end-to-end visibility and ultimately optimise global supply chains. Technological innovations allow logistics to not only move business, but to shape it. When done right, it enables new solutions that elevate opportunities and make logistics...

The recent decision by the OCIMF Executive Committee to separate Submitting Company rights from OCIMF membership status necessitated the creation of a new set of requirements for becoming a Submitting Company. This is to ensure that OCIMF maintains sufficient governance control over its programmes. The attached document sets out the criteria for a company to be considered for approval as a Submitting Company in SIRE, BIRE and OVID. It also sets out the requirements which all new and existing Su...

The Liza Unity FPSO started its voyage to Guyana, having departed from the Keppel shipyard in Singapore. The FPSO is expected to arrive in Guyana in late 2021.  Once the FPSO arrives at the Liza field in Guyanese waters, she will be hooked up to the seabed, which will then be followed by the installation of umbilicals and risers, allowing the next phase of operations to start. Liza Unity FPSO The Liza Unity FPSO has also been awarded the SUSTAIN-1 notation by ABS, the Classification Soci...

Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners announces that it has entered into an agreement for the construction of three high-specification latest generation 85,000 dwt ECO-type Kamsarmax vessels, which will be constructed at a first-class Chinese yard. Propulsion system The vessels will be equipped with the latest and most efficient propulsion system, contributing to significant improvements in fuel consumption and emissions performance. The vessel...

New study from maritime professional services organisation points to potential future supply chain upheaval, from energy transition uncertainty, with leaders calling for ambition to be turned into immediate action. Leaders from across the global supply chain are calling for immediate action on maritime decarbonisation, if a successful energy transition to zero-carbon supply chains is to be achieved. Call for action on maritime decarbonisation Drawing views from leaders across the global suppl...

Maersk’s investment will enable WasteFuel to develop biorefineries that utilise the most effective technologies available to produce sustainable fuels from unrecoverable waste that would otherwise degrade, and release methane and other harmful emissions into the atmosphere. Promising fuels of the future Maersk is confident that green bio-methanol is one of the promising fuels of the future as it can be scaled up and play an important role in decarbonising supply chains within the next...

Pak Elektron Limited (also known as PEL), Pakistan’s local manufacturing giant of major home appliances and electrical equipment, is a top household brand and has been operating for more than 7 decades in the country. Competing with global companies, PEL is constantly looking for pockets of opportunities to optimise its operations while keeping an eye on the philosophy of innovation and advancement. Challenges in global supply chains PEL had to handle huge import volumes with multiple...

Rolls-Royce Power Systems and Ferretti Group are deepening their cooperation and jointly developing sustainable solutions for future yachts. The first major milestone is cooperation to install a mtu hybrid propulsion system of Rolls-Royce in a new Ferretti yacht. Alberto Galassi, CEO of Ferretti Group and Andreas Schell, CEO from Rolls-Royce Group's Power Systems Division, signed the agreement on 8 September 2021 in Cannes during the Yachting Festival. “In recent years, Ferretti Group...

Kongsberg Digital (Kongsberg) and Shell International Exploration & Production (Shell Marine) have announced that they have entered into a strategic partnership agreement. Hege Skryseth, President of Kongsberg Digital and Executive Vice President (EVP) at Kongsberg, said “We are very excited to enter into this new strategic partnership agreement with Shell International and enable the digital transformation of their Wells business unit.” Digital transformation Hege Skryseth ad...

Wilhelmsen Ship Management (WSM) announces the relocation of its joint venture, Diana Wilhelmsen Management Limited (DWM) from Cyprus to Athens. The relocation is part of WSM's growth strategy poised to increase its fleet in crew and technical ship management. "We have seen an increase in the appetite for third-party ship management in the Greek market. With the new strategic location, we are in a better position to strengthen our relationship with current owners and potential clients," says...