Prime movers News

2020 has been another year of solid progress for A.P. Moller - Maersk., both in terms of financial performance and in transforming the company. Despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record Q4 results in Logistics and Terminals, while Ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. Accelerated transformation “2020 will forever be remembere...

SBM Offshore is pleased to announce the successful pricing of a US$850 million non-recourse senior secured notes transaction in a 144A/Reg S offering by a subsidiary company. The issuer of the notes is Guara Norte S.à r.l. (Guara Norte), which owns the FPSO Cidade de Ilhabela. SBM Offshore owns 75% of the equity in Guara Norte and the remaining 25% equity is held by Mitsubishi Corporation. Transaction details The notes are rated Ba1 (Moody’s) and BB+ (Fitch) and were priced at 99...

FESCO Transportation Group has sent the first container train loaded with cars from the city of Chongqing (China) to the Bely Rast Terminal and Logistics Center via Mongolia. The route goes through the border checkpoints of Erlian/Zamyn-Uud/Naushki. Transport volume FESCO has experience in transporting containerised imported cars and semi-knocked-down kits The first train consisting of fifty 40FT containers loaded with 150 cars arrived at the Bely Rast Terminal and Logistics Center (a joint v...

VSTEP further strengthens its international footprint by signing a deal with the South Korean partner, SRC CO Ltd. to deliver NAUTIS simulators at JEJU Seong San High School. SRC CO Ltd. is a maritime equipment developing and manufacturing company that began its journey in 2008. Professional engineers with more than a decade of experience in the field develop, source and supply IT based maritime equipment. Advanced navigational skills Jeju is a popular island located in South Korea that attra...

Globally renowned ferry company - Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark, no later than in 2030. This was announced by Stena Lines’ Chief Executive Officer (CEO) - Niclas Mårtensson, during a press conference about the industry collaboration project - Tranzero Initiative, in Gothenburg, on Thursday, 4 February, 2022. Tranzero Initiative collaboration project The aim is to cut emission...

Given the increased demand before the Chinese New Year and THE Alliance’s service deployment, Yang Ming Marine Transport Corp. (Yang Ming) will take delivery of one more 11,000 TEU new chartered vessel - ‘YM Target’ on February 5th, 2021. With the support from the ship owner, YM Target can be delivered and join Yang Ming’s global fleet nearly three months ahead of schedule. The vessel will be deployed to THE Alliance’s Trans-Pacific route PN3 and provide efficient...

The customer is a global technology leader who specialises in the design and manufacture of premium, light, medium, and heavy-duty vehicles. In addition to this, they also design and manufacture advanced diesel engines, provide financial services, information technology, and distribute truck parts related to their principal business. They have 27,000+ employees globally and have group sales of $25B with an extensive dealers’ network in more than 2200 locations in +100 countries. The chal...

In order to provide a more comprehensive service coverage to USWC, Wan Hai Lines is pleased to announce its plan to launch four weekly services from Asia to USWC.  These services are revamped from Wan Hai’s existing service structure, so as to meet their strong customer requirements. Port rotation Port rotation of the services are as following: AA1: Shanghai－Ningbo－Los Angeles－Shanghai AA2: Kaohsiung－Yantian－Long Beach－Yantian－Kaohsiung AA3: Haiphong－Cai Mep－Hong Kong...

The relationship between VSTEP and ROC Kop van Noord-Holland continues to flourish, as ROC Kop van Noord-Holland signed a new deal to upgrade their maritime simulators to NAUTIS 3. ROC Kop van Noord Holland is one of the training institutes of the Netherlands that offers vocational training to thousands of students and participants each year. Their maritime training center has signed a deal with VSTEP to upgrade their existing NAUTIS 2 maritime simulators to NAUTIS 3. Including software upgrad...

The signing ceremony of the strategic cooperation agreement between CULines, COSCO SHIPPING Specialized and CHINT took place at the COSCO SHIPPING Specialized Headquarters – Guangzhou Ocean Plaza. Leaders and guests present included the following: President Zhang Zhihuan and Vice President Zhang Wanli of CHINT, Chairman Chen Wei and Assistant to General Manager Gu Weidong of COSCO SHIPPING Specialized, Deputy General Manager Song Xiaoming of Guangzhou Port Group, General Manager Xi Yu and...

CULines signed a contract for the building of 2+2 1900 TEU container vessels with CSSC Huangpu Wenchong and held the signing ceremony at the Nansha factory of CSSC Huangpu Wenchong. Deputy Director Pan Yuzhang of the Administrative Committee of the Guangzhou Nansha Economic and Technological Development Zone, Deputy General Manager Song Xiaoming of Guangzhou Port Group, Chief Operating Officer Wang Jianmin of Port and Shipping of Administrative Committee of Hainan Yangpu Economic Development Zo...

On 26 January 2021, the icebreaker of FESCO Transportation Group ('FESCO') - 'Vasiliy Golovnin' departed from the port of Cape Town (South Africa) to Antarctica, carrying supplies for the Indian research stations. The expedition will be completed at the beginning of May 2021. Cargo transported to Antarctica In Cape Town, South Africa,  the vessel was loaded with 1138 tons of various cargo including equipment, fuel and food. The vessel will also transport 50 Indian researchers to the Indi...

After its last order of 8 container ships from Japan Marine United Corporation (JMU), back in November 2018, Wan Hai Lines again contracted twelve new-build 3,013 TEU ships with JMU/Nihon Shipyard Co Ltd. (NSY). This new series of vessels are expected to be delivered successively from the end of October 2022. As part of Wan Hai’s continuous efforts on providing quality shipping service to its customers, the most advanced design specifications will be employed to ensure higher energy effic...

OCIMF has joined the World Association for Waterborne Transport Infrastructure’s (PIANC) Maritime Navigation Commission Working Group (MarCom WG) in revising Report No. 212 Criteria for Acceptable Movement of Ships at Berths (Update of MarCom WG24). OCIMF Marine Structures and Civil Engineering (MSCE) members regularly participate in PIANC to provide operational, inspection, and maintenance expertise, especially when external guidance could potentially impact the oil and gas sector, membe...

To further ease the tension that existing vessels are not enough to satisfy the needs of customers, CULINES announced that the first ad-hoc container vessel under the China-Europe service deployed for the Spring Festival would make its maiden service on February 6. Called at various ports In the maiden service to Europe, the CULINES’ ad-hoc container vessel for the Spring Festival will call at the ports of Rotterdam and Hamburg, the biggest ports in Europe. Besides, the vessel will call...

WSM joins other fourteen members spanning the shipping value chain: ABN Amro, Bunge, Forum for the Future, IMC Industrial Group, Lloyd’s Register, Louis Dreyfus Company, Maersk, Oldendorff Carriers, Priya Blue, RightShip, The China Navigation Company, South32, Standard Chartered Bank, and WWF. SSI brings together like-minded, organizations with shared goals and determination to improve the shipping industry. Members, ranging from shipowners and charterers, to environmental NGOs, banks,...

Indonesian Minister of Agriculture, Dr. Syahrul Yasin Limpo, SH., M.Sc., M.H through his staff inaugurated the first cashew export release event on January 14, 2021 using the SPIL ship. This cashew cargo from North Buton will be exported to Vietnam, the stuffing process will be carried out on January 11, 2021 at the Bungkutoko Depot by SPIL TOLL INDONESIA. SPIL holds pride Usman hopes that in the future SPIL can continue to be involved in other programs planned by the government Through the...

SITC International and Yangzijiang Shipbuilding held a ceremony for the naming and delivery of the new ship - ‘SITC Singapore’. Mr. Xue Mingyuan, Executive Director of SITC International, President of SITC Shipping Group, Mr. Xiao Senyuan, Vice President of SITC Shipping Group, Mr. Ren Letian, Chairman of Yangzijiang Shipbuilding Group, Mr. Wan Jian, President of Jiangsu Maritime Vocational and Technical College, Ritong International Logistics East Asia Mr. Xing Fangliang, the head...

The Ocean Cleanup’s mission is to develop advanced technologies to rid the world’s oceans of plastic. To achieve this goal, the organisation aims to stop the inflow via rivers and clean up what has already accumulated in the ocean. Its ultimate goal is to reach a 90% reduction of floating ocean plastic by 2040. Oceans healthy environment “As a responsible maritime operator, we are committed to ensuring that the oceans can remain a healthy environment for generations to come.&...

Neste and Avfuel Corporation announce a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the United States. Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs), and commercial operators. Avfuel will be a branded SAF distributor for Neste, and will sell it under the brand name Nest...

China United Lines Ltd. (CULines), through its logistics investment division, CULines International Shipping Agency Co., Ltd. Guangzhou Branch – has reached in-depth partnership with PUTBOX, a leading Internet platform for the road transportation of containers in China, and completed strategic investment in the latter. The two sides aim to jointly build up an industrial Internet platform and develop the financial transaction market for the container truck industry in the Greater Bay Area,...

Wan Hai Lines will expand further on its already extensive intra-Asia network by launching a new weekly service between East China – Taiwan and Ho Chi Minh(CV7). The service will be operated by two container vessels with a capacity of 650 TEU. Rotation service Port rotation of the service is as follows: Shanghai－Kaohsiung－Ho Chi Minh－Shanghai The first voyage is scheduled from Shanghai on Jan 12th, 2021. The CV7 service which connects Shanghai - Kaohsiung and Ho Chi Minh directl...

To further reinforce its regional development strategy, Yang Ming Marine Transport Corporation (herein-after referred to as Yang Ming) sets up a new subsidiary with NAXCO Group in France, named Yang Ming (France) S.A.S. (herein-after referred to as Yang Ming (France)), which officially began operating on 1st January 2021. The subsidiary aims at assisting Yang Ming to develop the local market and integrate regional resources. Weekly service routes Yang Ming will establish a presence in the Fre...

In response to surging US imports and the resulting intermodal equipment flow imbalances, all members of the logistics sector have been challenged to find solutions. Maersk senior officials have stated that this is a situation the company takes very seriously. Every component of Maersk’s integrated global logistics business model is working across the entire logistics spectrum to respond with solutions involving all supply chain participants. Maersk is taking steps to address the concern...

CULINES is celebrating the successful maiden voyage of its new South China-Vietnam service (SV2). The SV2 is the fourth liner route operated by them in Vietnam, as well as another important step to strengthen presence in the Vietnamese market, and connect the Guangdong-Hong Kong-Macao Greater Bay Area and the China-Vietnam supply chains. Port Rotation of SV2 Haiphong (3/3) – Nansha (6/6) – Shekou (7/7) – Haiphong (3/3)

Moving freight can be a stressful time for any mining or resources operation – especially when it comes to major projects involving the transportation of capital equipment worth hundreds of thousands or millions of dollars. Therefore, it’s not only important to partner with a professional freight forwarder it’s essential that both parties collaborate and communicate to achieve the goal of moving freight on time and on budget and free of injury and damage to freight, property a...

The year 2020 stands witness to human resilience and the undying spirit of collaboration. As COVID-19 spread across the world, commercial establishments reduced their operations to protect their employees. In April 2020, when the pandemic reached Kenya, the sudden spike in cases quickly exhausted the local supply of COVID-19 testing kits. To make more available, the Kenyan government tried sourcing from other countries. However, logistics had become challenging due to global shutdowns and limit...

On December 19, 2020, SITC International and Yangzijiang Shipbuilding held a ceremony for the naming and delivery of the new ship, ‘SITC Penang.’ Mr. Yang Xianxiang, Vice Chairman and CEO of SITC International, together with his wife, Mr. Lu Jing, President of Shanghai Maritime University, Ms. Cao Hongfen, Secretary of the Party Committee of Shanghai Maritime University School of Commerce, Mr. Xiao Yingjie, Dean of Shanghai Maritime University School of Merchant Marine, and Chairman...

The customer is one of the pioneer designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.   Logistics plays a vital role in maximising efficiency and competitiveness in their multichannel business throughout the world.They house several of the multi-brand consolidation centres for the merchandise from Asian suppliers in South East Asia which are subsequently distributed in cross-dock to t...

A.P. Moller - Maersk announced the signing of an agreement with Maersk to regularly call Kalundborg as APM Terminals will establish and operate a new container operation at Kalundborg in agreement with Port of Kalundborg.  As a consequence, Maersk will leave Copenhagen Malmö Port (CMP) located in the center of Copenhagen as of March 2021. Agreement Kalundborg will be added to the global supply lines as volumes for connection The agreement between A.P. Moller – Maersk and APM T...