Finance - News
Dafo Vehicle, a pioneer in safety for vehicles in high-risk industries, has promoted Fredrik Rosén to the position of Business Line Manager for Material Handling. As a key member of Dafo Vehicle since the division’s inception, Rosén has played an integral role in Dafo Vehicle’s success. His transition from Business Manager - Middle East and Africa and Marketing Manager reflects a strategic change in the business to focus and strengthen the support and knowledge in this...
Following the publication of its CBER Staff Working Document, the European Commission’s DG COMP has announced that it recommends letting the sector-specific Consortia Block Exemption Regulation (CBER) lapse, and that liner shipping vessel sharing agreements will be regulated under the general EU antitrust rules based on the Horizontal Block Exemption Regulation and Specialisation Block Exemption Regulation. Vessel sharing is an operational measure allowing ocean carriers to use ships more...
Kakinada Container Terminal (KCT) Pvt Ltd, located in the eastern part of India, serves as a vital weather terminal within the Kakinada Deep Water Port in Andhra Pradesh. Customised transport solutions KCT enjoys excellent connectivity via the National Highway to major cities in the vicinity and handles a diverse range of container cargo, from frozen to dry cargo. The terminal is a key hub for the rice commodity, served by the railway line from Raipur to Kakinada. This marks a milestone for...
B.F.E. Bonney Forge is one of the first European companies to secure certification for a spare part intended for field operations through the application of AM technology. This achievement signifies a major milestone in the manufacturing landscape, one that demonstrates the potential of this innovative technology to reshape the future of pressure equipment under the Pressure Equipment Directive 2014/68/EU (PED). CE-certified pressure vessel The collaboration builds upon the successes of the s...
At the terminal of Hamburger Hafen und Logistik AG (HHLA), the COSCO SHIPPING Taurus was charged with shore-side electricity for the first time as part of a test. The Hamburg Port Authority (HPA) will now carry out further tests so that the shore-side power stations for container ships at the Port of Hamburg can be put into operation as soon as possible. Shore power supply The first ship integration test was successfully completed at the beginning of the week. COSCO SHIPPING Taurus, like all...
Classification society - DNV presented Hanwha Ocean with an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier. The design maximises cargo capacity, while optimising vessel performance. The new 345m long LNG carrier by Hanwha Ocean was heralded as a 'ground-breaking achievement' by Vidar Dolonen, Regional Manager, Korea & Japan, DNV, when he presented the AiP to Jong Seo Kim, COO of Hanwha Ocean, at Hanwha Ocean’s office in Okpo. LNG carrier development DNV is hono...
A new kit, the HK5, has been developed to electrify recreational and professional boats with internal combustion engines and shaftline transmissions in a simple and efficient manner. This kit enables boats to navigate silently and with zero emissions using electric power. New kit - the HK5 Massimo Labruna, the Chief Executive Officer (CEO) of AS Labruna, said "We have evolved the previous solutions, further simplifying the application and optimising cooling and electronics. The kit includes a...
ABS signed a memorandum of understanding (MOU) to work with key stakeholders in Korea to develop and demonstrate a 3D printing system for ocean-going vessels. Using a digital library for the design process, the system aims to support rapid maintenance, repair and operations (MRO) by using 3D printing, also known as additive manufacturing (AM), to manufacture parts on a vessel while at sea. Approval and certification process ABS joins project partners Ulsan Metropolitan City, Ulsan ICT Promoti...
CMA CGM AIR CARGO will serve CAI with 1 weekly flight from October 3rd with an A330F aircraft. Cairo Airport is a major air freight and passenger hub offering adapted infrastructures for intermodal connections in the region. This new destination is part of our strategic partnership with the Air France KLM Martinair Cargo Group and complements the existing offer to give users even more options for their air transport needs.
The PHOENIX HARMONIA, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. (Namura) and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group on September 29. Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, supported Namura and contributed to the delivery of the vessel, based on a technical cooperation agreement executed between the two companie...
ClassNK has granted its Innovation Endorsement for Products & Solutions to a Berthing Aid System developed by Furuno Electric Co., Ltd (Furuno). In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative functions. Situational awareness Berthing Aid System us...
Peel Ports Group has announced it has significantly reduced its greenhouse gas emissions across its port facilities, cutting these by almost a third since 2020. The reduction is revealed in the group’s new 51-page ESG report-one of the most detailed reports of its kind to be produced by any UK port operator of similar size. As the country’s second largest port operator, Peel Ports has published the document to showcase its commitment to sustainable port operations. Scope 1 emi...
A new and space-efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying that no major conceptual issues have been identified as standing in the way of its securing classification approval and regulatory compliance. Methanol Superstorage offers the potential for ships with years of service ahead to be considered for transition to a marine fuel established as a frontrunner for meeting IMO targets to cut greenhouse gas...
ClassNK has released "Guidelines for Fuel Cell Power Systems On Board Ships (Second Edition)", which cover safety provisions related to the design of ships powered by fuel cells as well as fuel cell power systems themselves, coming in anticipation of the growing adoption of fuel cells in maritime transport. Fuel cells are power systems that use electrical energy obtained from the chemical reaction between hydrogen and oxygen. Notably, they do not emit CO2 during electricity generation, position...
ClassNK is hosting the "EU-ETS Seminar-Get Ready for EU Allowance in the Shipping Sector" in Singapore, inviting experts in EU Allowance (EUA) trading. It aims to share insights and guidance to help shipping companies prepare for the upcoming carbon credit scheme required for ships operating in EU waters. Following the recent amendments to the EU Directive for EU Emissions Trading System (EU-ETS) that extend its scope to the shipping sector, shipping companies will be mandated to manage E...
MacGregor, part of Cargotec, has been chosen to deliver RoRo equipment for two of the world's first methanol-fuelled Pure Car and Truck Carriers (PCTC) for China Merchant Energy Shipping to be built at China Merchants Heavy Industry (Jiangsu) Co., Ltd. in China. The order was booked into Cargotec’s 2023 third-quarter orders. The vessels are to be delivered to the owner between the third and fourth quarter of 2025. MacGregor's scope of supply MacGregor's scope of supply is to design and...
Get an up-close look at how one of the world’s cutting-edge seaports operates while setting an industry-pioneering example in the fight against climate change at the second-annual Green Port Fair from 11 a.m. to 4 p.m. Saturday, October 7. Free event at Long Beach The free event at Harry Bridges Memorial Park, 1126 Queens Highway in Long Beach, will feature the new “clean machines” of cargo movement, interactive environmental information booths, children’s activities, a...
HEMEXPO – Hellenic Marine Equipment Manufacturers and Exporters, a suppliers’ and exporters’ association for the international shipping sector, has welcomed LALIZAS as its 34th member company. LALIZAS product portfolio As a manufacturer and supplier of high-quality life-saving equipment and accessories, LALIZAS adds a critical new area of expertise to the ever-expanding cross-section of Greek equipment manufacturers represented on HEMEXPO’s list of members. The co...
Accelleron has signed a new three-year agreement to deliver turbocharger services to Starlite Ferries Inc. The passenger ferry operator, located in the Philippines, has extended the scope as well as the duration of their Turbo LifecycleCare agreement, adding one further vessel to the seven previously covered. Furthermore, Accelleron’s digital engine optimisation solution Tekomar Xpert is newly implemented on all eight vessels. Service planning and spare parts Starlite Ferries, Inc. is o...
A globally renowned provider of secure maritime data communications software, GTMaritime, has reached 15,000 installations amid accelerating growth in demand for secure and reliable maritime software solutions. The news comes just 16 months after the company announced that it had passed the 10,000-vessel milestone. IMO 2021 cyber-security regulations Richard White, Global Commercial Director, GTMaritime, said, “Over the past few years, we have witnessed rapid growth in the volume...
ABS and Asiatic Lloyd Maritime LLP, a member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol. The study is focused on a series of up to eight ABS Classed ultramax bulk carriers ordered for construction in the New Hantong Shipyard, China, for AL Group. Author's quote “Converting vessel propulsion systems to take advantage of the decarbonisation pot...
ABS awarded approval in principle (AIP) to Samsung Heavy Industries Co., Ltd. (SHI) for its cyber resilience systems design. As technologies have expanded, automation systems have become more complex and integrated, and autonomous functions are being introduced, the probabilities of cyber-related incidents have increased. ABS found that the SHI system meets cyber resilience requirements established in the ABS Rules for Building & Classing Marine Vessels and IACS UR E26 C...
The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number of distress calls from ships at sea remains high, despite a continuing decline in vessel losses. The new report, which analyses Global Maritime Distress and Safety System information captured by Inmarsat, registered 853 distress calls from January to December 2022–up from 794 in 2021. With the number of losses of vessels over 100 gross tonnage (GT) fa...
Ahlsell Danmark Aps has entered into an agreement to acquire all shares in KJV A/S. KJV was founded in 1956 and employs 110 people in seven locations in Denmark, including administrative headquarters and a central warehouse in Odense. In the last financial year 2021/22, the turnover amounted to DKK 280 million. Ahlsell Danmark Aps acquires KJV A/S KJV is one of Denmark’s major suppliers of cutting tools, transmissions, tools, technical products KJV is one of Denmark’s major suppl...
Teledyne FLIR, a world pioneer in thermal imaging cameras, is set to exhibit its latest products and groundbreaking solutions for the oil & gas industry at ADIPEC 2023. Live demonstrations The event, one of the largest of its kind, will take place from October 2nd to 5th, 2023, in Abu Dhabi, United Arab Emirates, attracting over 160,000 energy professionals and visitors worldwide. Visit Teledyne FLIR Booth 1005 and experience “live” demonstrations of the company’s new ra...
Newport Shipping announced that it took part in the London International Shipping Week (LISW23) 2023, where it held two presentations to discuss decarbonisation and reveal their latest innovation - NAV.
Babcock’s LGE business, which is globally renowned in liquefied gas solutions, has won a milestone contract from a ship owner in South Korea to deliver its first cutting-edge ecoCO2® cargo handling system for two 22,000 cubic metres liquefied CO2 (LCO2) carriers. In an exciting development for the business, the ecoCO2® cargo handling system is the world’s first cargo handling and re-liquefaction system for a low-pressure cargo tank design. Babcock attains contract to...
Fincantieri Bay Shipbuilding has begun construction on a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms. This vessel, for the joint venture - CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy. September 21, 2023 marked the ceremonial start of construction for the vessel, and senior leaders from the partner companies around the country came to Door Coun...
Mayor Steve Rotheram has announced appointments to a new Business and Enterprise Board for the Liverpool City Region. The new board has taken over the role of the Local Enterprise Partnership (LEP) in providing a voice for business in the area. Business leaders from across the city region and its key growth sectors have been named on the new board including Interim CEO of Mersey Maritime, Ruth Wood. New Business and Enterprise Board appointed In appointing the Board, the Combined Authority ha...
Isle of Man Maritime has joined Maritime UK, the umbrella body and collective voice for the UK’s maritime sector. The maritime industries come together through Maritime UK to make progress on key areas of shared interest. Maritime UK’s national priorities are people, competitiveness, regional growth, environment, and innovation. Isle of Man Maritime joins Maritime UK Isle of Man Maritime is the latest organisation to join the national umbrella body, Maritime UK Isle of Man Mariti...