Efficiency - News

The latest in-line shaft generator from ABB will enable ship operators to benefit from the efficiency, performance and reliability advantages of permanent magnet technology. The new generator brings flexibility and ease of installation to a wide range of vessels, including bulk carriers, container carriers, liquid natural gas tankers and ferries transporting passengers and cars. Permanent magnet shaft generator The AMZ 1400 permanent magnet shaft generator is optimised for converter control a...

Norwegian Cruise Line Holdings Ltd., a global cruise company which operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands, and Huna Totem Corporation, one of the most successful Native village corporations in Alaska, jointly announced the signing of a Memorandum of Agreement to develop berthing and upland facilities in Whittier, Alaska. The privately funded development project will consist of a marine vessel docking facility able to berth vessels from the Comp...

MSC Group (Mediterranean Shipping Company) confirms that it has entered into a share purchase agreement with Bolloré Group, in relation to the 100% acquisition of Bolloré Africa Logistics (including all of Bolloré Group’s shipping, logistics and terminals operations in Africa, as well as its terminal operations in India, Haiti and in Timor-Leste) for a purchase price based on an enterprise value, net of minority interests, of 5.7 billion euros.  Acquisition of Bo...

MPC Container Ships ASA (‘MPCC’ or the ‘Company’, and together with its subsidiaries, the ‘Group’) is pleased to announce the following company update. The company update includes the Charter update on existing fleet. The update includes the following: Over the past weeks, MPCC has concluded five additional fixtures, including four multi-year charters at very favourable rates, securing employment up to 2027. The new fixtures add contracted charter revenue...

Inmarsat, the globally renowned company in global, mobile satellite communications, has unveiled e-learning technology and service provider, Marine Learning Systems (MLS) as the winner of the inaugural Inmarsat Ferry Open Innovation Challenge, a competition inviting start-ups and SMEs to propose digital solutions that promise to enhance the working lives of ferry crews. Launched in January 2022, in collaboration with the largest ferry operator in Greece, Attica Group, and UK digital consultancy...

Long-term contracted ocean freight rates climbed by 7% in March, pushing shipping prices up 96.7% year-on-year. The rise, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to disclose record annual revenues of USD 17.67bn. However, as Xeneta CEO Patrik Berglund points out, the sustainability of such developments remains to be seen. Onwards and upwards Xeneta’s XSI...

WE Tech solutions has received a new order to deliver its Economical Operations Solution to a series of two 86,000 cbm LPG carriers. The vessels are to be built for the Japanese shipping company NYK Line at Kawasaki Heavy Industries in Japan. The Contract was facilitated by The China & Japan Marine Industries Limited. The equipment delivery from WE Tech will commence in January 2023. The Economical Operations Solution package includes the Direct Drive Permanent Magnet Shaft Generator and a...

On March 30th, 2022, SBM Offshore launched its new floating wind energy solution, Float4WindTM. Float4WindTM is the second generation of SBM Offshore’s innovative offshore wind floater technology, a key aspect of the Company’s long-term strategy to support the energy transition. Tension Leg Platform (TLP) design The new and improved version of the Tension Leg Platform (TLP) design, a technology historically utilised in traditional oil & gas production, is ideal for harnessing...

MSC is delighted to be attending this year’s IHS Breakbulk and Project Cargo Conference. Taking place from 25-27 April 2022, the conference attracts the most specialised project and breakbulk cargo audience in the industry, and is a platform for essential and intensive networking, negotiations, and relationship-building within the project and breakbulk logistics supply chain. Dedicated customer service MSC will be promoting their solid expertise in oversized freight. Their project cargo...

Babcock International Group, the aerospace, defense and security company, has achieved Ready for Sea Date for the Type 23 frigate HMS Somerset at Babcock’s Devonport facility. Maintenance and repairs  HMS Somerset started her extensive overhaul at Babcock’s Devonport facility in November 2018. During that time, she has undergone a significant upkeep, which has included repairs and updates to her hull and living spaces, replacement of her Sea Wolf with the new Sea Ceptor weap...

Nor-Shipping is a globally renowned exhibition and event, which is based in Norway. This is where the maritime and ocean industries meet to connect, collaborate and facilitate sustainable success in the ocean space. Taking place every two years, Nor-Shipping operates as a hub for international decision-makers from both the private and public spheres. Nor-Shipping, global maritime exhibition Nor-Shipping is where ship owners and operators mix with politicians, equipment suppliers, NGOs Nor-Sh...

The Maritime Skills Commission (MSC), established by Maritime UK and the Department for Transport in 2020, is launching its Future Ports Workforce Research Report. The report came as a recommendation from the MSC’s Labour Market Intelligence Scoping Report in October 2020. The modern port is a significantly different place from the port of history. It is increasingly shaped by forces such as the globalisation of supply chains, automation, and digitisation. It is also shaped by external...

Inmarsat, the pioneer in global, mobile satellite communications, has made its maritime broadband service, Fleet Xpress, available to shipyards. Installed during new building, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel. “Fleet Xpress for Shipyards is a game-changer for shipbuilders and owners alike, streamlining installation,...

ArkEdge Space Inc. has completed a new round of financing through SPARX Innovation for Future Corporation and Pavilion Capital PTE as new shareholders, raising JPY 635 million (approx. USD 5.2 million) and joining existing shareholders Incubate Fund and Mitsui Sumitomo Insurance Capital Co. Added to an initial round in January 2022, led by Incubate Fund and including Real Tech Fund and Mitsui Sumitomo Insurance Capital Co., the total amount raised in Series A is JPY 2.3 billion (approx. USD 18....

Fender Innovations of Wieringerwerf, manufacturers of lightweight fender systems for fast-sailing vessels, has completed a commercially important acquisition. The new partner is PolyMarine Service based in Vlaardingen, manufacturers of cast fender systems for slightly heavier workboats. Both companies will form part of the Fender Innovations Group. For Fender Innovations, this is the first acquisition since the company was founded in May 2012. The company continues to grow and has reported a 25...

Rising COVID-19 cases in China, large-scale fuel stock-outs in Sri Lanka, and developments in Europe, among other global supply chain disruptions, have had an increasing impact on shipping volumes in Quarter 1 of 2022 and have exacerbated port congestion across the world. Demand remains incredibly strong, which continues to put increased pressure on the global supply chains, as capacity is still tied up outside ports in the US, Europe and Asia. Despite the disruptions witnessed across various r...

The initiative will bring together start-ups focused on solving climate and business challenges with a range of investors eager to fund the transition to a sustainable ocean economy. The event, which is open to all, takes place in Nor-Shipping’s dedicated Blue Economy Exhibition Hall in Lillestrøm from 10.00 to 15.00. Katapult Ocean has gathered a range of venture capitalists, angel investors, debt providers, corporate backers and established industry names to create an arena where...

Shipping Innovation – Maritime UK, the Owner and Manager of London International Shipping Week (LISW), the globally renowned maritime industry event, is delighted to announce the appointment of Karen Martin as the new Commercial Director. Karen Martin will be responsible for all sales and commercial activities related to London International Shipping Week (LISW) and will be the point of contact for sponsors and advertisers for the next installment of LISW, scheduled to take place in Septe...

Babcock, the aerospace, defence, and security company, has signed a Memorandum of Understanding (MoU) with one of Korea’s largest shipyards Daewoo Shipbuilding & Marine Engineering (DSME) to collaborate on systems integration programmes for future vessels. This follows the MoU signing between Babcock and Hyundai Heavy Industries (HHI) in June 2021 to focus on the South Korean Navy’s future light aircraft carrier project opportunity, CVX.  Ongoing operational support Babco...

Since 1 January 2021, the JRC/Alphatron Marine Iberia office has the responsibility for the sales of equipment, spares, training, certificates, technical support, warranties, CoC, and overviewing the trade network´s performance in the African market. From 2020 to 2021, the African partners have doubled their turnover. JRC/Alphatron Marine could not have achieved this incredible increase without the excellent relationship with the loyal JRC distributors, who are representing the quality...

Pacific International Lines (PIL) is pleased to introduce a new weekly direct service, connecting the key ports in China, Vietnam, Singapore and India’s East Coast. The new service, known as China Vietnam India Service (CVI), will commence on 22 April 2022 from Ningbo, China. It will be served by a consortium of vessels with an average capacity of 2200 TEUs, jointly deployed by PIL, Regional Container Lines (RCL) and Interasia Lines (IAL). China Vietnam India Service (CVI) The new C...

Following the announcement on November 30, 2021, concerning the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long-standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). Ownership interest MC and NYK have acquired a respective 25% and 20% ownership interest in the special purpose companies related to the lease and operation of the FPSO Al...

Pacific International Lines (PIL) would like to announce that it is making some changes to its Red Sea Gulf Service (RGS), which is a weekly direct service connecting India, the Red Sea, and the Middle East Gulf regions. Effective from 16 April 2022, RGS will no longer call at Karachi and will connect directly from Mundra to Jebel Ali. RGS will continue to be offered by a consortium of vessels with an average capacity of 1400 TEUs, jointly by PIL and Unifeeder. This is part of PIL&rsqu...

The American people are looking for solutions to supply chain congestion resulting from the impacts of COVID-19. Unfortunately, the Ocean Shipping Reform Act of 2022, S.3580, which was marked up by the Senate Commerce Committee, addresses none of the root causes of the U.S. landside congestion. Americans continue to import goods at record levels—so much so that the U.S. ports and landside logistics workforce is unable to process all the cargo. Ocean carriers have deployed every vessel and...

Crowley has successfully managed the acquisition of the MV Honor, the first vessel acquisition under its contract, in order to help recapitalise a sealift fleet, with the U.S. Maritime Administration (MARAD). With the forthcoming acquisition of the MV Freedom, vehicle carriers are part of the multi-year vessel acquisition and management contract, designed to help recapitalise the U.S. Ready Reserve Force. The acquisitions will enhance the Ready Reserve Force, by increasing ship reliability an...

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh has ascribed the decline of piracy on Nigerian waters and the Gulf of Guinea to collaboration among various organs of Government in Nigeria, Governments in the region, and stakeholders from within and outside the country. Dr. Jamoh, who stated this while receiving the Management of the Nigerian Television Authority, NTA Channel 10 in Lagos, noted that the success in fighting piracy in Nigeri...

MAN Energy Solutions has signed a cooperation agreement with HSD Engine Co., Ltd., to deliver its EEXI (Energy Efficiency eXisting ship Index) solutions to MAN B&W-branded low-speed engines manufactured by HSD. These come either as a complete package with an assessment report, or just a standalone OPL (Overridable Power Limitation) solution depending on customer requirements. Effective immediately, the agreement is set to run for an initial period of two years.  Decarbonisation in the...

The U.S. Marine Corps has awarded BAE Systems a contract for the design and development of an Amphibious Combat Vehicle Recovery (ACV-R) variant. BAE Systems has received a $34.9 million contract from the U.S. Marine Corps for the design and development of an Amphibious Combat Vehicle Recovery (ACV-R) variant. The ACV-R will replace the legacy Assault Amphibious Vehicle recovery variant (AAVR7A1), and will provide direct field support, maintenance, and recovery to the ACV family of vehicles. C...

On March 9, 2022, at a digital ceremony, MAN Energy Solutions and classification society, DNV, signed a Memorandum of Understanding (MoU). Effective immediately, the Memorandum of Understanding is due to run for a period of three years. Under the terms of the memorandum, the two companies will – by June 30th, 2022 – detail action plans within the fields of decarbonisation, the hydrogen value-chain and digitalisation. MAN Energy Solutions – DNV sign MoU Dr. Uwe Lauber, the Ch...

The Seafarers’ Charity’s UK Maritime Anchor Fund supports working-age UK merchant seafarers. The Fund is open for applications for those impacted by the P&O Ferries redundancies. The Fund will support seafarers through financial help, advice, relationship counselling, and mental health and well-being support and counselling. UK Maritime Anchor Fund The UK Maritime Anchor Fund was created in 2020 with key delivery partner charities to provide an end-to-end package...