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Neste Corporation has signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum (Marathon). The joint venture will produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California (the Martinez Renewable Fuels project). The closing of the joint venture is subject to customary closing conditions and regulatory approvals, including obtaining the necessary permits, which depend upon the certification of a fina...
Golden Ocean Group Ltd announces the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management on 1st March 2022 before that he was the CEO of Athenian Holdings. Jensen's work experience He previously served as Head of Shipping at New Fortress Energy (USA) and before that he was a Partner at Pillarstone Europe. From May 2008 to September 2014, he was the CEO of Frontline Management AS. Mr. Jensen has served as a director of variou...
After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices, means rates have risen across 15 of the last 17 months. They currently stand 87.9% up year on year. Furthermore, ongoing congestion, high demand, and a new level of geopolitical angst are unlikely to reverse that trend any time soon. “I...
The International Labour Organisation (ILO), International Maritime Organization (IMO), United Nations Conference on Trade and Development (UNCTAD) and the World Health Organization (WHO) have issued a joint statement asking stakeholders to take action to support the world’s 1.9 million seafarers from being unduly impacted by the ongoing COVID-19 pandemic and associated restrictions. The statement comes in the wake of the Omicron COVID-19 variant of concern (VOC), which has, once again, c...
XTRAIM, which will be presented to the German public for the first time, is Thales Group’s (Thales) new weapon sight that offers day/night de-camouflage capabilities, which previously could only be achieved by using several separate pieces of equipment. XTRAIM is compatible with all shoulder-fired assault rifles and light machine guns, in order to provide users with an unparalleled precision night-firing capability. XTRAIM was designed in close collaboration with users, to guarantee that...
In response to President Biden’s planned attack on ocean carriers during the State of the Union Address, the World Shipping Council released the following statement: Unfortunately, the President is demonising ocean carriers, the industry that is the backbone of the U.S. and global economy and that has been working around the clock through the pandemic to move more cargo than at any time in history. Correcting the allegations Allegations that the container shipping ind...
CULINES signed an order for 2*7,000TEU containership newbuildings with Shanghai Waigaoqiao Shipbuilding (CSSC SWS). A signing ceremony was held at CSSC SWS. Mr. Qi WANG (Chairman of CSSC SWS), Mr. Gang CHEN (GM at CSSC SWS), Mr. Aijun WU (GM of China Shipbuilding Trading), Mr. Yu Yang (GM at Asia & Pacific Department of China Shipbuilding Trading), Mr. Lingyi MENG (GM at China Classification Society Shanghai), Mr. Zhiyong LYU (President at Shanghai Merchant Ship Design & Research Instit...
Ocean Infinity has contracted VARD for the design and construction of a new series of six multi-purpose offshore vessels, all of which will be operated from shore and will eventually utilise green ammonia as fuel. VARD’s robotic vessels This landmark order of six, 85-metre, optionally crewed robotic vessels will take Ocean Infinity’s remote vessel fleet capacity to 23 vessels, which will be the largest in the world. With Ocean Infinity’s control infrastructure and remote con...
Motor ships of FESCO Transportation Group, FESCO Magadan, and FESCO Moneron continue their operation within the framework of marine coastal service FESCO Magadan Line connecting Vladivostok and port Vostochny with Magadan. FESCO Magadan loaded with containers and general cargo is currently en route to port Magadan. The estimated date of arrival is February 28. In its turn, FESCO Moneron is moving in the opposite direction, heading from Magadan to port Vostochny. The estimated date of arrival is...
Despite the scheduled unveiling of the winner of the 2022 Next Generation Ship Award being postponed by the Omicron surge, the winner from the four shortlisted candidates revealed last year will be presented with the prize on 4 April this year. Details of the four shortlisted candidates have already been publicly revealed but the other candidates were all worthy competitors and deserving of greater mention. Every one of the entrants was chosen by at least one of the judges in their selections a...
SBM Offshore’s Environmental, Social, and Governance (ESG) approach illustrates how SBM pursues a vision of safe, sustainable & affordable energy for generations to come. Sustainability The Company takes pride in its continuous improvement approach and applies knowledge gained from its performance in future target setting. This has also led to positive and improved ratings in sustainability benchmarks. Three world-class ESG-rating agencies- S&P Global, Sustainalytics, and...
FESCO Transportation Group (“FESCO”, the “Group”) informs that vessels - FESCO Magadan and FESCO Moneron were on the sanctions list of Treasury Department of the US solely, due to the specifics of financing and the status of lessor: both vessels are on the balance sheet of PSB Leasing LLC that was initially under US sanctions. Thus, sanctions of Treasury Department of the US do not apply to any FESCO company and inclusion in the sanctions list of two vessels leased from...
Motor ships of FESCO Transportation Group (“FESCO”, the “Group”) - FESCO Magadan and FESCO Moneron continue their operation within the framework of marine coastal service FESCO Magadan Line connecting Vladivostok and port Vostochny with Magadan. FESCO Magadan loaded with containers and general cargo is currently en route to port Magadan. Estimated date of arrival is February 28. In its turn, FESCO Moneron is moving in the opposite direction, heading from Magadan to port...
Blue Water is pleased to announce the acquisition of Guyana-owned and operated Falcon Logistics Inc. and its proceedings as of February 16, 2022. "The acquisition of Falcon Logistics is a very exciting event in the world of Blue Water. It is yet another substantial commitment in the Caribbean region, and we are pleased to welcome more than 40 new colleagues in Guyana to the Blue Water family," says Thomas Bek, COO, Energy, Port & Projects, Blue Water. Maintaining full compliance In recent...
Pacific International Lines (PIL) is pleased to announce the launch of two weekly direct services which is an enhancement to its China to East Africa service. This will allow its customers to enjoy stable and faster transit times to East Africa. The enhancement will see the current East Africa Service (EAS), which PIL operates independently, expanding into two service routes - with one serving Mombasa, called EAS, and the other serving Dar es Salaam, to be named as EA3. New EAS and EA3 ser...
Jay Jay Textiles’ journey towards business expansion with lifestyle logistics solutions is stitched to perfection. Established over 50 years ago, Jay Jay Textiles has a strong presence in India, Sri Lanka and Bangladesh, as a vertically integrated manufacturer of cotton knitwear for children’s apparel and home products. In the past few years, Jay Jay Textiles has branched out to Ethiopia, starting with three factories in the Bole Lemi Industrial Park, located in nation’s capit...
El Reedy Shipping Agency is devoting all efforts to maintaining safe and efficient modern shipping operations for their fleet and is committed to the international conventions and regulations of the United Nations (UN) and International Maritime Organization (IMO) towards safe, secure, and efficient shipping on clean oceans. Thus, it is happy to announce that El-Reedy Shipping Agency has signed a frame agreement on the installation of Ballast Water Management Systems (BWMS) on board their fleet...
ABB and Ballard are progressing with their partnership to decarbonise marine transport and have received an AiP from DNV for their high-power fuel cell concept, the development of which was launched in 2018. An AiP is a major milestone in developing new technology as an independent assessment of the concept, confirming that the design is feasible and no significant obstacles exist to prevent the concept from being realised. With the AiP in place, the jointly developed solution can be completed...
Speaking at an industry event this morning in Belfast’s Titanic Hotel, the project director for the proposed 400MW North Channel Wind floating wind project Niamh Kenny said if it were to go ahead, the development could be a game changer for Northern Ireland. Floating wind turbines “We are investigating two sites in the North Channel halfway between Northern Ireland and Scotland for a series of new generation floating wind turbines,” Ms Kenny said. “The two sites would...
Swiss-based marine engine technology developer, WinGD - Winterthur Gas & Diesel Ltd has expanded its global training network, through a partnership with DCS POWER PTE LTD in Singapore, to deliver state-of-the-art training for optimising engine performance and preparing crews for the fuels of the future. The new training partnership, which was commemorated on the 22nd of February, will combine the skills and expertise of WinGD with those of machinery specialist DCS, further enhancing the glo...
Thales will be present at MWC Barcelona 2022 to showcase its key solutions that support the mobile industry’s digital transformation. 5G will count for 21% of mobile connections by 2025. This brings a huge opportunity for mobile operators, but also comes with new vulnerabilities and data privacy challenges. Thales is helping actors and major players in the mobile industry in three key ways - To connect and manage devices on 5G networks, protect those devices and the data they handle...
The Nigerian Maritime Administration and Safety Agency (NIMASA), has renewed its Memorandum of Understanding (MoU), with the World Maritime University, (WMU) Malmo, Sweden. The move is aimed at enhancing capacity development; to grow the Nigerian maritime sector. Aim of the MoU Speaking shortly after the signing of the MoU virtually, the Director-General of the Agency, Dr. Bashir Jamoh noted that there is no substitute for education. “The collaboration with the World Maritime University...
On February 20th, 2022, Fifteen 40HQ containers of cargoes, which were mainly chemical raw materials, traveling by rail from Zhuzhou, Hunan were loaded onto the CULINES vessel - AS FLORA at Mawan Container Terminal (MCT) in the west area of Port of Shekou for their destination Port of Cat Lai in Ho Chi Minh. This maiden voyage shipping export cargoes with railway containers marked the new development of CULINES one-stop rail-sea intermodal transport. Combined transport solution CULINES rail-s...
For years, Blue Water has been active within Oil & Energy and Renewables projects in the southern hemisphere. Due to the growing demands for transport and logistics services to projects of the Oil & Gas, Wind, Renewables, Infrastructure, Mining and Hydrogen industries in Australia, Blue Water has expanded its presence by establishing offices in Brisbane, Melbourne and Perth in 2021. The company established its first Australian office in Sydney in 2012. Transport and logistics solution...
As the countdown begins for the seventh edition of the Doha International Maritime Defence Exhibition and Conference (DIMDEX), the Organising Committee provided an update on the preparations and an overview of the event, at a diplomat briefing session, at Sharq Village and Spa, on February 21, 2022. One of the most awaited events on the international maritime defence and security calendar, DIMDEX 2022 is shaping up to be the biggest and most diverse edition ever, with more than 200 companies fr...
Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), a Mitsubishi Heavy Industries (MHI) Group company based in Nagasaki, has concluded a licensing agreement giving Mitsui E&S Machinery Co., Ltd., a Mitsui E&S Holdings Co., Ltd. Group company rights to manufacture and sell its MET turbochargers. The MET lineup is exhaust gas-type turbochargers engineered for use with diesel engines. Manufacturing turbochargers The newly concluded lic...
Yang Ming Marine Transport Corporation (Yang Ming) has announced a new direct service connecting China and Australia. The CHINA-AUSTRALIA-2 SERVICE (Loop Code: CA2) will set sail on 10 March 2022 (ETA Qingdao). Deploying a fleet of six 3,500-3,900 TEU vessels, this new service is a joint operation with T. S. Lines Ltd., Pacific International Lines (Pte) Ltd., and Sea Lead Shipping. The rotation of CA2 is Qingdao – Shanghai – Nansha – Shekou – Sydney – Melbourne...
Pacific International Lines (PIL) is pleased to introduce a new weekly express service connecting China and Australia. The new service, known as Sino Australia Express (SAE), will commence on 10 March 2022 from Qingdao. SAE aims to augment PIL’s existing services connecting China with Australia and is served by a consortium of six vessels with an average capacity of 3900 TEUs, jointly deployed by PIL, T.S. Lines, Yang Ming and Sea Lead Shipping. Meeting the demands of customers Mr. To...
Wrist, the world’s largest supplier of provisions, stores and spare parts logistics to ships and offshore locations, acquires Centralam Panama, a recognised ship chandler based at the Pacific side of the Panama Canal. With the acquisition, Wrist is expanding its global reach and securing a foothold at one of the world’s most important maritime crossroads while at the same time enhancing Centralam Panama’s market position. In acquiring Centralam Panama, Wrist is expanding its...
The Confidential Human Incident Reporting Programme (CHIRP Maritime) has provided an independent and confidential safety reporting system for incidents, accidents, and near misses at sea to seafarers worldwide since 2013. Raising awareness, improving safety Reports are received directly from seafarers and analysis is published on CHIRP's website and in its Maritime FEEDBACK paper publication in the languages most spoken by seafarers (English, Chinese, Filipino, Indonesian, and sever...
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