Finance - Case studies

FESCO Transportation Group (FESCO) has organised the delivery of heavy equipment for construction of NPP Akkuyu, in the Republic of Turkey.   Cargo vessel, Viking with eight sets of accumulators of the system for passive inundation of the core, which are one of the most important elements of the NPP safety system, weighing 83 tonnes each and an upper unit with a reactor vessel lid weighing 104 tonnes has arrived from the port of Rostov-on-Don to cargo terminal, Vostochny, in Russia, in...

Vasiliy Golovnin, diesel electric ship of FESCO Transportation Group (‘FESCO’), has left port Cape Town, in the Republic of South Africa, on January 5, 2022 and embarked on a new expedition to Antarctica, carrying cargo for Indian research stations. This is the first voyage within the framework of a new five-year contract concluded between FESCO and the National Center for Polar and Oceanic Research of the Ministry of Earth Sciences of India (NCPOR). Prior to this, FESCO had been su...

When cruise ships start calling at the Port of Aarhus from 2023 onwards, PowerCon A/S will be there to supply them with energy.  Back in September 2021, the Board of the Port of Aarhus resolved to invest in a shore power facility for cruise ships. Before this decision, the job of establishing the facility in the port in Aarhus was tendered as an EU project, a tender that was won by Hadsund-based PowerCon A/S. Small and large shore power solutions PowerCon has been providing small and l...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has taken its first order for LNG (Liquefied Natural Gas) fuel gas supply systems (FGSS), for high-pressure dual-fuel marine engines. The company will deliver FGSS to be installed on six (6) LNG-fuelled car carriers, to be built by a group company of Imabari Shipbuilding Co., Ltd. LNG fuel gas supply systems (FGSS) The core components of the newly ordered FGSS are LNG fuel tanks, LNG fuel gas supply units and...

Leask Marine announced that the company has recently completed a major offshore decommissioning project in France, on behalf of Hydroquest, to remove their 1 MW turbine from their test site off Paimpol-Bréhat, in Brittany, France. Offshore decommissioning project The offshore decommissioning project entailed project management, engineering, and marine operations, with the engagement of the North Sea Atlantic vessel. In association with Tadek Ltd, the decommissioning & recovery proc...

Tokyo-based firm, e5 Lab Inc. and Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, have agreed to provide the design for ‘ROBOSHIP’, a standard hybrid electric propulsion vessel that the two companies are seeking to promote as a vision for the future of ships, for a 499-tonne biomass fuel carrier, which is being built by Honda Heavy Industries Co., Ltd. The widespread adoption of the futuristic ROBOSHIP has the potential to reduce CO2 emissions i...

The largest ambulance boat ever built in Norway, Thea Jensen, was recently handed over to its new owners. Jotron safety equipment onboard Jotron has supplied EPIRBs, AIS-SART and VHF handheld radios for the vessel. The aluminium-hulled Thea Jensen ambulance boat will be operated in the area of Loppa, Hasfjord and the outer Altafjord, in Norway and be used primarily to serve the residents in remote areas, where transport to hospitals by land is not feasible, due to the roads being impassable, e...

Two globally renowned companies in marine electrification, Volvo Penta and Danfoss’ Editron division, have worked together to power two of the United Kingdom’s first fully integrated hybrid electric crew transfer vessels (CTVs). The two fully integrated hybrid electric crew transfer vessels (CTVs) have been in operation at an offshore wind farm, for a month and are already making a positive environmental impact. Hybrid electric crew transfer vessels A recent announcement from COP2...

SAFE Boats International has been awarded an $89,717,984 firm-fixed-price modification to a previously awarded contract for design, construction, outfitting, reactivation, and training for six Mk VI Patrol Boats with an option for two additional vessels. Increased workforce This contract will provide Mk VI Patrol Boats to Ukraine via a US State Department-approved agreement utilising Building Partner Capacity (BPC) and Foreign Military Financing (FMF) funds. Work will be performed in Washin...

Inmarsat, the globally renowned company in mobile satellite communications, has confirmed that its strategic partner, BSNL has received the necessary licences to deliver Inmarsat’s widely popular Global Xpress (GX) mobile broadband services in India. IFMC licence Under BSNL’s Inflight and Maritime Connectivity (IFMC) licence from the Department of Telecommunications, GX will be available to Indian customers across government, aviation and maritime. The announcement means t...

Danfoss Editron, part of Danfoss, has been chosen by Damen Shipyards to provide the electric drivetrain system, powering the shipyard’s newest Fast Crew Supply (FCS) vessel. Known as the FCS 7011, the vessel will represent a leap forward, in terms of speed, comfort and efficiency of FCS vessels. The FCS 7011 vessel, which recently completed sea trials in Turkey, will be used by the offshore energy market, for the high-speed transit of personnel and light cargo, to and from offshore locati...

In a world-first for the marine industry, Unifeeder-operated vessel, ‘ElbBlue’ was fuelled with liquefied SNG for a trial voyage, in a major boost for the shipping industry’s efforts to reduce its carbon emissions. Carbon-neutral liquefied SNG The liquefied SNG, produced at Kiwi’s Power-to-Gas facility in Werlte, Germany, is a synthetic form of LNG that is carbon-neutral and generated from 100% renewable energy. With the European Commission releasing a proposal this ye...

Inmarsat, the world renowned company in global mobile satellite communications, has secured a contract for its new Fleet LTE service, covering the connectivity needs of several Solstad Offshore North Sea vessels.  Offshore vessel operators commonly buy LTE and VSAT connectivity separately, using LTE when within range of shore, rigs or wind farm networks then relying on crew to switch manually to VSAT beyond 4G coverage limits. Costs can be hard to control where services are billed separate...

Italy’s Naval Armaments Directorate (NAVARM) has signed an agreement with global safety equipment provider - Survitec for the supply of next generation survival equipment to the Italian Navy’s Submarine Division. Under the terms of the contract, signed in London during the DSEI 2021 trade show, Survitec will deliver SEIE MK11 submariner escape suits (pictured) and related support to Italy’s fleet of Todaro- and Sauro-class submarines. Greater buoyancy capability Using 30% le...

Presently, a distance of more than 16,000 kilometres, or almost half-way around the globe, seems insurmountable, when it comes to signing a contract, unless the contracting parties agree to do so in synch via video link. That is precisely how the Tasmanian-based Australian shipping company, SeaRoad, and German shipbuilding yard, Flensburger Schiffbau-Gesellschaft (FSG), have finalised the purchase contract for a RoRo vessel with LNG propulsion. FSG – SeaRoad partnership A face-to-face m...

Edge sensor technology developed by HENSOLDT will strengthen Frontex maritime surveillance in the Mediterranean Sea and contribute to the protection of Europe’s strategic south-eastern border. In the frame of a technology pilot programme, HENSOLDT’s ARGOS-II HD Electro-Optical Infrared (EOIR) system will be deployed on two tethered aerostats and deliver extensive security surveillance. Frontex maritime surveillance project The project is operated by Frontex, the European Border an...

DNV, the independent energy expert and assurance provider, acted as the Lender’s Technical Advisor, during the development phase, for Indonesia’s first-ever floating solar photovoltaic (PV) project at Cirata Reservoir in West Java. Due diligence review The project owner, PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), is a joint venture between the Abu Dhabi Future Energy Company PJSC – Masdar (MASDAR) and Indonesian state-owned electricity company Perusahaan Listrik N...

Managing large amounts of documentation, data and paperwork can take a toll on the supply chain operations of any business. It can end up being a drain on resources, without providing accurate results.   In order to improve their relationship with their customers and offer cargo journey visibility, Drac Logistics (Drac), a supply chain solutions provider based in the United Kingdom, turned to TradeLens for a solution. The Customer Established in 2009, with their head office in Staffor...

  Covid-19 has changed people’s lifestyles, including drinking habits. With outdoor outlets and restaurants shut, people have been consuming more beverages at home. According to the Organisation for Economic Co-operation and Development (OECD), online sales for alcoholic drinks jumped by up to 234% in the United States (US) in 2020. This new behaviour intensified the shortage of aluminium cans in the US market. One of the world’s largest brewers was facing this crisis as wel...

Kongsberg Maritime and Massterly (a Kongsberg Wilhelmsen joint venture) have signed contracts with the renowned Norwegian distributor firm, ASKO Maritime AS (ASKO), to equip two new vessels with autonomous technology, and to manage their operations at sea. With Norwegian companies delivering around 60% of the investment, this is a major milestone for the growth of sustainable maritime operations in Norway. The fully electric ships will replace 2 million kilometres of truck transport, saving 5,0...

Kongsberg Digital has won a contract with Turkish ship owners and operators - Güngen Maritime & Trading A/S, for the delivery of a K-Sim Cargo Handling Simulator, interfaced to a real KONGSBERG K-Chief 600 marine automation system. This comes ten years after Kongsberg Digital initially supplied Güngen with a similar Simulator, interfaced to the KONGSBERG K-Chief 500 marine automation system. K-Sim Cargo Handling Simulator The K-Sim Cargo Handling Simulator model replicates a mode...

  PUMA’s ‘Forever Faster’ mission continuously earns it a place at the forefront of sports innovation, fashion and design. It leads to firsts from the athletes they sponsor, like Usain Bolt and Neymar Jr, and leads to firsts in other areas, including supply chain innovation and logistics leadership. In a category defined by speed-to-market, PUMA is always looking for ways to get their latest merchandise out to consumers more efficiently and cost-effectively...

LG Energy Solutions is a subsidiary of LG Corp, specialising in the manufacture and supply of EV (Electric Vehicle) and ESS (Energy Storage System) batteries. They currently operate factories in China, Poland, the United States and South Korea, producing and delivering EV and ESS batteries to the vehicle manufacturers. Electric Vehicle batteries are, by nature, a valuable commodity in very high demand. They are also extremely sensitive to temperature and humidity and need to be transported in r...

Egypt is a growing sourcing and procurement market for textiles. Egyptian cotton, garments like trousers, and carpets are sought after by some of the biggest Fashion and Lifestyle brands. In addition to its high-quality textile and clothing products, what makes Egypt such an attractive sourcing destination is its strategic location – close to both Europe and North America.   More than 10% of world trade passes through the Suez Canal, making Egypt an important Transhipment Hub for...

Al-Hamd International Container Terminal (AICT), one of Pakistan’s important container terminals in Karachi, has become the first inland depot operator in Pakistan to join TradeLens, a blockchain-powered digital container logistics platform. AICT is also the first network partner for TradeLens in Pakistan, thereby leading the digitisation journey of Pakistan’s container logistics and supply chain ecosystem. TradeLens digital container logistics platform TradeLens brings together d...

At the height of the COVID-19 pandemic in the Northeast United States, in May 2020, Goltens received a call from Bayonne Drydock (Bayonne Drydock and Repair Corp.) to attend for inspection and to make a proposal to remove a damaged shaft seal liner on the USNS Red Cloud, one of the US Military Sealift Command’s nineteen large, medium-speed, roll-on/roll-off ships. In-Place Machining specialist Goltens deployed its In-Place Machining specialist to New Jersey, observing all of the special...

In June 2021, the largest aircraft landed at Aalborg Airport. First, a Boeing 777-300ER carrying 60 tonnes of personal protection equipment from Malaysia, and then another air charter followed. This time, it was a Boeing 787-8 Dreamliner with 37 tonnes of more equipment. Blue Water manages the logistics Blue Water managed the transport from the Malaysian manufacturer and the following domestic distribution Both deliveries were ordered by Stadsing A/S, based near Aalborg in Denmark, who had as...

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...

Iberdrola has awarded Indar, part of the Ingeteam Group, the contract to modernise two generating units for the 132-MW Torrejón hydroelectric plant, on the Tajo River, in Spain. Variable speed vertical motor-generators As part of the modernisation work, the plant will be converted to full power variable-speed operation As part of the modernisation work, the plant will be converted to full power variable-speed operation. For the Torrejón hydropower plant, Indar’s contract c...

Ocean Infinity, a globally renowned marine robotics and deep sea data acquisition company, is implementing ShipManager fleet management software for 17 new robotic ships and additional autonomous underwater vehicles (AUVs). Ocean Infinity will implement ShipManager’s modules for planned maintenance, procurement, and business intelligence for its advanced fleet of uncrewed, low-emission vessels for capturing ocean data. Securing reliability We know DNV has validation in the market and Sh...