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SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The project loan has a tenor of two years post-completion, in line with the du...
Neste, the provider of sustainable aviation fuel (SAF), has set up a supply of Neste MY Sustainable Aviation Fuel™ at Cologne Bonn Airport. By doing so, Neste is helping to meet increasing levels of demand from air freight and corporate customers at Cologne Bonn Airport. AFS, Germany's provider of aviation fueling services, supports Neste in serving this market. The first flight fuelled with Neste MY SAF was a cargo flight in early June operated by ASL Airlines on behalf of Amazon. SAF f...
Influenced by the global COVID-19 epidemic and other factors, the dilemma of "one equipment is difficult to obtain" for foreign trade customers is further highlighted. To solve the urgent needs of customers, CULINES made efforts to increase the supply of shipping space on various services in July. Asia - Europe service upgraded CULINES has expanded the AEX service scope and added direct service from Asia to London Tilbury, UK China United Lines will upgrade its AEX route (Asia - Europe Expre...
On June 25th, Yang Ming Marine Transport Corp. (Yang Ming) celebrated the naming of its 2,800 TEU class full container vessel, YM Continuity with a virtual naming ceremony. Yang Ming Chairman Cheng Cheng-Mount and CSBC Corporation Chairman Cheng Wen-Lon, located respectively at Yang Ming’s headquarters in Keelung and CSBC Corporation’s administration building in Kaohsiung, jointly officiated the ceremony. Mrs. Chen Shu-Huei, wife of the President of National Ocean Taiwan University...
PIL announces that it is resuming its direct Mozambique Service from 29 July 2021, offering customers a direct connection from Singapore to Reunion, Tamatave, and Mozambique. The enhanced service is part of the Company’s continuous effort to strengthen its service offerings to the Eastern and Southern African market. Madagascar and Mozambique cargo which previously relied on transshipment at Mombasa, Kenya, can enjoy the comprehensive service with better schedule reliability and shorter...
Arklow Shipping (Arklow), the Ireland headquartered ship owner and charterer, has contracted communications solutions provider, Satcom Global, to install Aura VSAT across seventeen new build vessels which will begin delivery in 2021. Quality service The new vessels will be activated on a range of Aura service packages, all with a Committed Information Rate for guaranteed service quality, and companion options to suit their different sailing patterns. Ten new C-Class vessels will ben...
In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycle...
The Cygnus Mini ROV Mountable thickness gauge has been specially designed to be mounted onto small observation ROVs with or without a manipulator facility. And most recently, Cygnus worked with the renowned Canadian ROV & crawler specialist-manufacturer “Deep Trekker” – to achieve full integration with their unique and polyvalent ROVs. Deep Trekker was founded in 2010 in Ontario and has innovation and collaboration at its heart; a perfect match for the applicatio...
X1 Wind has secured a multi-million euro grant to launch its first commercial floating wind project. The floating wind technology developer has been allocated €2.5m through the European Innovation Council (EIC) Accelerator program. It was named among 38 of the most promising start-ups by the EIC after being shortlisted from 4200 applications to receive funding to ‘develop and scale up ground-breaking innovations’. X1 Wind CEO & Co-Founder Alex Raventos said the grant will...
Iridium Communications Inc. announced that the Iridium Certus® 200 service is commercially available for maritime, land mobile, and government markets. The new service class offers the best performance-to-value in the industry for maritime and land-mobile applications, with aviation solutions targeting late 2021. Unlike competing L-band broadband services that require a large antenna dome, Iridium Certus 200 offers uncompressed transmission speeds up to 176 Kbps and up to three high-quality...
Tianjin Branch of Shanghai New SITC Container Maintenance Co., Ltd. (hereinafter referred to as SITC Tianjin Branch) held a grand opening ceremony at the Xinhua Tin yard in Tianjin Port Free Trade Zone . Guests present Lai Zhiyong, President of SITC Logistics Group, Kefei, General Manager of Container Lines Tianjin, Yu Jian, General Manager of Yard & Shipping Agency Development, Guo Xinde, General Manager of Qingdao Singamas, and Sun Luqiang, General Manager of Xinhua Tin Yard and other re...
The Seafarers’ Charity, in partnership with researchers at the University of Nottingham, released a new survey to better understand the reality of working conditions for fishing crew across the UK. The 20-minute research survey covers subjects including contracts and crew accommodation, facilities, and fishers' welfare. Crew members are encouraged to anonymously share their experiences of working life on fishing vessels. Financial challenges Catherine Spencer, CEO of The S...
Together with its partner - ScanOcean AB, Neste is broadening the sales and distribution of low-sulphur marine fuels in the Swedish market. At the end of June 2021, ScanOcean will add Neste MGO DMA from the Neste Marine™ 0.1 product range to their product offering, alongside the Neste MDO DMB. Both bunker grades will be available at the Södertälje ex-pipe bunker station that serves vessels also in transit into Lake Mälaren. Compatibility features We are working...
Iridium Communications Inc., announces that the Iridium Certus® 200 service is commercially available for maritime, land mobile, and government markets. The new service class offers the best performance-to-value in the industry for maritime and land-mobile applications, with aviation solutions targeting late 2021. Unlike competing L-band broadband services that require a large antenna dome, Iridium Certus 200 offers uncompressed transmission speeds up to 176 Kbps and up to three high-qual...
MPC Container Ships ASA is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS (“Songa”) for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the “Transaction”). Upon closing of the Transaction Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the “Songa fleet”) under the assumption of Songa having c...
MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ("Songa") for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the "Transaction"). Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the "Songa fleet") under the assumption of Songa having completed the sale of it...
FESCO Transportation Group and NFC Logistics Joint-Stock Company (organisation of Rosatom State Corporation) have made a cooperation agreement for developing intermodal transportation to the countries of the Asia-Pacific Region. The companies will cooperate in transportation of various cargoes from Russia to the countries of the Asia-Pacific Region using FESCO’s extensive network of sea and rail services, modernised fleet as well as port and terminal infrastructure. Providing flexible co...
Ocean Network Express (ONE) announces that the company has entered into a partnership with Rutgers Business School (RBS) in June 2021. Being the first of its kind in ONE's global partner network, this partnership will enable ONE to gain direct outreach to RBS' academic resources while striving to reduce its carbon footprint. Project opportunities ONE will present business project opportunities to RBS students. These projects will allow Rutgers students to examine trends in maritime decarbonis...
Globally renowned Swedish ferry company - Stena Line has officially taken delivery of its newest RoPax ferry, Stena Scandica, on Friday, 18th June, 2021. The vessel is the first of two Visentini vessels that are being lengthened and modernised by Stena RoRo at the Sedef Shipbuilding in Tuzla, Turkey. Stena Scandica will start operating on Stena Lines route between Nynäshamn in Sweden and Ventspils in Latvia in the beginning of July 2021. Newest RoPax ferry, Stena Scandica Stena Line is w...
Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...
Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines. Minimising climate impact As companies adopt new meeting and engagement approaches taking the l...
DNV, the independent expert in assurance and risk management, has signed an agreement with Keppel Offshore & Marine (Keppel O&M) for collaboration on the hydrogen value chain. Collaborative aim The overall aim of the collaboration is to explore the safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market to support the country’s decarbonisation goals.&...
Avikus, Hyundai Heavy Industries (HHI) Group’s newly established subsidiary, specialised in autonomous navigation technology, became South Korea’s first company to succeed in fully autonomous navigation of a ship. Avikus Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship Avikus announced that it successfully completed fully autonomous, unmanned operation of a cruise ship for 12 passengers, at a demonstration event, held in Pohang-...
General cargo ship “FESCO Pioner” set sail on 13 June 2021. FESCO vessel will deliver to Anadyr and Egvekonot about 287 TEU of containerised cargo and 103 tonnes of general cargo. The approximate date of arrival of the vessel to Anadyr is 22 June 2021. Delivery of the goods on linear service "FESCO Anadyr Direct Line" (FADL) is to last until the end of October. FESCO vessels will have 5 voyages to deliver about 1500 containers and 1000 tonnes of general cargo to the ports of Anadyr...
Industry body Mersey Maritime’s third annual Maritime Exchange conference will be a hybrid event, taking place on Friday, June 25, both online and in the magnificent surroundings of a Grade-II-listed former Victorian hydraulic tower in Wirral’s docklands. Maritime 2050: Where are we now? is being organised by Mersey Maritime in partnership with the Department for Transport and Maritime UK and will discuss the progress of the UK’s Government’s Maritime 2050 report, which...
Global trade was completely reshaped in the past year and a half because of the global health crisis that sparked systematic problems driving everyone to re-think supply chain models and agility of service networks. As a major sponsor of The Economist’s Global Trade Virtual Week, MSC announces two speakers taking part in the discussion on sustainable trade, and the role of container shipping and logistics as a positive force in shaping the post-pandemic global trade. The free online even...
Spire Global, Inc. (Spire), a globally renowned provider of space-based data and analytics solutions, has announced the expansion of its Maritime Weather solutions portfolio. By providing more accurate and reliable insights, Spire is continuing to support its customers as a trusted source for open ocean weather data. The Spire Weather team has added 10 years of historical weather data from across the entire planet. Historical data is vital for understanding weather patterns, planning future voy...
Due to popular demand the only event dedicated to maritime marketers is back. This year Marketing in Maritime takes to the digital stage, perfectly reflecting the evolving landscape that has faced marketers in all sectors over the past year. Building on the first live event in London, 2018, initiated by maritime marketing agency, Wake Media, MiM 2021: Discover Opportunity & Embrace the Change will be held on on 29 June – 1 July 2021. It will explore how marketers are adapting to the n...
DNV, the classification society, has launched Compliance Planner, a new digital tool that enables DNV customers to easily track the requirements and deadlines of legislation for both individual vessels and entire fleets. As both the number and complexity of international shipping regulations continue to grow, navigating the timelines and requirements has become an increasing burden on ship owners and operators. Compliance Planner presents a full overview of the requirements facing any v...
Kongsberg Maritime (KM) has won contracts to design and equip two construction service operation vessels (CSOV/SOV) for the Norway-based ship owner, Awind AS, a fully-owned subsidiary of Integrated Wind Solutions AS (IWS). The combined contract value is approximately NOK 250 million. Destined for the renewable offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design, by the Chinese shipyard, China Merchant Heavy Industries (CMHI), with which Kongsberg ha...
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