Finance - News

The winners of the Nor-Shipping 2023 awards have been announced, with Swedish/Danish tanker operator - Terntank, wind power pioneer - AlfaWall Oceanbird and Bound4Blue Co-Founder and COO - Cristina Aleixendri Munoz taking the top prizes. All three were awarded in front of audiences of key global decision-makers at the 29th Nor-Shipping, taking place in Oslo and Lillestrøm, Norway. Focus on the future Expert judging panels described the competition for the accolades as 'fiercer than eve...

The Federal Government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships 2009; International Convention on Standards of Training Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F) 1995...

A publication in an online medium ‘Ships and Ports’ features allegations of nepotism against the management of the Nigerian Maritime Administration and Safety Agency, NIMASA under the leadership of Dr. Bashir Jamoh OFR. NIMASA would wish to state categorically that this publication is subjective, smirking mischief, skewed to achieve the goals of the fabricator, and meant to mislead Nigerians. It is worthy of note that the Nigerian Maritime Administration and Safety Agency’s ap...

ABB E-mobility has announced details of its new HVC360 fleet charging solution, putting the power to drive change in the hands of fleet managers everywhere. With the decarbonisation of road transport taking centre stage in many nations’ climate policies, recent years have seen huge strides made towards the provision of electric mobility solutions. But while the growing number of public charging points is excellent news for EV drivers, these alone do not meet the needs of electric fleets....

Inmarsat Maritime, a Viasat business, and a worldwide renowned company in global, mobile satellite communications, has published its Decarbonisation Toolkit, which outlines a practical blueprint for decarbonisation in the maritime industry.  Compiled by maritime innovation consultancy Thetius, the report uses real life examples to set out a framework across three domains of energy transition: ‘Operation’, ‘Ship’ and ‘Human Element’.  Decarbonisatio...

The official opening of Nor-Shipping 2023 took place with a high-profile event at Oslo City Hall, a special bell-ringing ceremony at the Oslo stock exchange, a UN Global Compact high-level meeting, and a range of other partner and networking activities. Nor-Shipping’s main exhibition, gathering almost 1000 international exhibitors and tens of thousands of delegates, kicks off in Lillestrøm on June 6, 2023, with organisers believing this will be 'the biggest and best Nor-Shipping we...

NSSLGlobal, the independent global satcom and IT solutions provider, and authorised Starlink LEO service partner, has announced the launch of its FUSIONIPLEO solution developed to meet the specialised needs of the maritime industry. Hybrid networks are the future of maritime connectivity and fusing NSSLGlobal’s world-class VSAT network with Starlink’s LEO constellation means that FUSIONIPLEO will help resolve challenges facing maritime customers, combining high availability bus...

Nor-Shipping has announced that John F. Kerry, the United States Special Presidential Envoy for Climate, will deliver a closing address at the Ocean Leadership Conference, taking place on Tuesday, 6 June, 2023. Sustainability John F. Kerry, a former Secretary of State and Democratic Presidential Candidate, will share the stage with other key global figures, including Dr. Andrew Forrest, the Founder and Executive Chairman of Fortescue Metals Group, and Joseph E. Stiglitz, Nobel Laureate in Econ...

The Goltens Worldwide group of companies is delighted to announce the appointment of Mr. Sandeep Seth as the Chief Executive Officer (CEO).  Sandeep is a home-grown success story, having joined Goltens in 2002 and occupied positions of increasing responsibility since then. He will continue to serve as a member of the Board of Directors. New capabilities and business lines Sandeep’s new title and authority demonstrates the full extent of his responsibilities across the Goltens organ...

The Ports of Sines and the Algarve Authority (APS) is part of a European project (ADMIRAL) that aims at transforming the way companies manage their supply chains and logistics. Based on the Logistic Single Window (JUL), and the involvement of terminal operators, logistics platforms, multimodal logistics operators and authorities, APS leads the development of the pilot program ‘Portugal-Spain’, which aims at establishing a multimodal corridor, digital and green, between Sines and Mad...

On May 26, Pierre-Yves Dermagne, the Deputy Prime Minister and Minister of Economy and Labor of Belgium, visited the port, logistics and industrial complex of Sines, accompanied by a delegation of entrepreneurs, from areas such as energy transition and environmental sustainability. The Belgian delegation was received by António Costa e Silva, the Minister for Economy Maritime Affairs and by the Port of Sines’ Board of Directors, accompanied by senior representatives of aicep Global...

The World Port Climate Action Program (WPCAP) will be extended with a new focus on shore power, new fuels and green shipping corridors. This was agreed by the CEOs (Chief Executive Officers) and leaders of 12 leading ports at a meeting in Rotterdam, Netherlands, on the occasion of the first five years of the program. WPCAP members praised the program for its important contribution to the adoption of sustainability standards in the shipping industry. World Port Climate Action Program (WPCAP) &...

Mackay Communications, Inc., dba Mackay Marine, has expanded its worldwide marine electronics Sales & Service presence into the United Kingdom (UK), with its acquisition of Kilo Marine Electronics, Ltd., Kilo, now certified as Mackay Marine U.K., Ltd., is based in London, with service stations throughout the UK. Nick Pope, the Managing Director (MD) of Mackay Marine Europe, stated “Shipping customers have long encouraged Mackay to provide comprehensive Comm & Nav products and serv...

Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, is proud to announce that Chef Alexis Quaretti, Senior Culinary Director has been inducted into the prestigious echelons of the Maîtres Cuisiniers de France. Chef Alexis Quaretti joins Oceania Cruises’ Vice President of Culinary - Eric Barale, who served as Quaretti’s godfather into the programme. As such, Oceania Cruises is the only major cruise line to boast two Master Chefs of France....

The Board of Directors of OXE Marine AB (OXE Marine / the ‘Company’) has resolved to appoint Paul Frick as the new Chief Executive Officer (CEO) effectively from Monday, 29th May, 2023, following the resignation of Anders Berg, who will stay on for a smooth transition period. Jonas Wikström, Chairman of the Board, OXE Marine, said “We are very pleased with the appointment of Paul Frick as the new CEO of OXE Marine. In his role as CFO, he has done a fantastic job in managi...

Peel Ports Group is investing £28 million in a new facility at the Port of Liverpool, in its biggest single investment in warehousing this year. Construction of the 240,000-square-foot warehouse at the pioneering port operator’s Alexandra Dock is to begin in the coming days. The new facility, referred to as Alexandra Dock Multi-User Warehouse (MUW), will be the length of up to five football pitches (400 metres) and used for the handling and storage of cargo at the port.&nb...

Mersey Maritime has announced changes to its senior leadership, with Maritime UK, the umbrella organisation for the UK’s maritime sector, appointing Chris Shirling-Rooke MBE as its new Chief Executive Officer (CEO). Chris Shirling-Rooke will move over from Mersey Maritime to Maritime UK in the early summer and Maritime UK thanks Mersey Maritime for helping to facilitate a seamless transfer. Maritime UK appoints new Chief Executive Officer (CEO) Chris is currently serving as the CEO of M...

The Port Authority of Valencia (PAV) has collaborated in a scenario of the MARSEC-23 maritime security exercise, organised by the Navy. The training consisted of training against a supposed terrorist threat and subsequent action on a ship with illegal immigrants. PAV hosts MARSEC-23 exercise The resources that participated in this exercise were the Port Authority of Valencia (PAV) through the Port Police, the Valencia Maritime Captaincy, the Civil Guard, the Red Cross, the Health Department o...

Maritime UK, the umbrella organisation for the UK’s maritime sector, has appointed Chris Shirling-Rooke MBE as its new Chief Executive Officer (CEO). He will move over from Mersey Maritime to Maritime UK in the early summer and Maritime UK thanks Mersey Maritime for helping to facilitate a seamless transfer. Chris Shirling-Rooke is currently CEO of Mersey Maritime, a maritime regional cluster organisation based in the Liverpool City Region. In this role, he has championed the importance o...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines based in Akashi City, Hyogo Prefecture. J-ENG is currently conducting tests of ammonia fuel under various conditions utilising an experimental, large-scale, low-speed two stroke marine engine, located at the MHI Research & Innovation C...

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation have started joint study for the development of an ocean-going liquefied CO2 (LCO2) carrier. Nihon Shipyard is pursuing this project with the aim of completing construction of the vessel from 2027 onwards. Demand for LCO2 carriers to grow in the future Demand for...

Nor-Shipping is partnering with Ocean Hyway Cluster and Maritime CleanTech to deliver The Second Nor-Shipping Hydrogen Conference on 7 June. The event, taking place at Nor-Shipping’s main exhibition halls in Lillestrøm, will feature experts pooled from right across the emerging hydrogen value chain, delivering insights on the very latest developments for one of maritime’s most promising ‘green’ future fuels. With a nod to its 2023 main theme of #PartnerShip, Nor-S...

Nor-Shipping has confirmed that Joseph E. Stiglitz, the renowned Nobel laureate in Economics and former Chief Economist at the World Bank, will be a keynote speaker at the Ocean Leadership Conference 2023, taking place in Lillestrøm, Norway, on 6 June. The event, which traditionally fires the starting gun for Nor-Shipping’s main exhibition, will gather global industry pioneers to hear insights from an array of ‘star names’ from the world of ocean business and beyond. Th...

A who’s who of business leaders, ocean experts, and key industry stakeholders have been announced as participants in 2023’s Nor-Shipping Blue Talks. The unique programme, running from 6 – 8 June, will see CEOs, politicians, and changemakers discussing the key ‘big issues’ facing ocean development today and tomorrow. Theme: successful, sustainable #PartnerShips 2023’s Blue Talks support Nor-Shipping’s main theme of forming successful, sustainable #Part...

Launched to coincide with the IMO International Women in Maritime Day, Maritime UK is pleased to introduce a new social media campaign aimed at promoting STEM career opportunities for girls in the maritime industry. The maritime industry is vital to global trade and plays a significant role in the global economy, with an estimated 90% of world trade carried by sea. Within the United Kingdom (UK), the sector supports over 1 million jobs. However, women remain underrepresented in many parts of th...

Rolls-Royce announces it has successfully completed the first tests of its UltraFan technology demonstrator at its facility in Derby, United Kingdom (UK). The first tests were conducted using 100% Sustainable Aviation Fuel (SAF). This is a historic moment for Rolls-Royce – it’s the first time in 54 years that the aero-engine manufacturer has tested a brand-new engine architecture and is proof of what can be achieved when industry and governments work together. UltraFan technology d...

Inmarsat, a worldwide renowned company in global, mobile satellite communications, has announced FreeWave Technologies - a major Internet of Things (IoT) solutions provider - as a Distribution Partner for its L-band satellite IoT services. The partnership, signed at this week’s IoT Tech Expo North America 2023, in Santa Clara, California, USA, will focus on the integration of Inmarsat’s IsatData Pro (IDP) service in FreeWave’s end-to-end IoT solutions, initially with standalon...

Inmarsat, a worldwide renowned company in global, mobile satellite communications, is launching the new solution - BGAN Patrol, which features the Hughes’ 9203 BGAN Terminal powered by Inmarsat’s award-winning ELERA (L-band) satellite network - as the world's first BGAN terminal designed for use on foot. The lightweight and compact device allows government personnel to stay continuously connected while on the move throughout a mission, enabling fast access to a wide range of mobile...

The JWAT137 Inmate Telephone is a robust and reliable vandal-proof inmate phone from Joiwo, featuring a vandal-proof handset with armored cord, zinc alloy keypad and cradle. It can be installed for varied applications, such as in prisons, labour camps, drug rehabilitation centres and other places, where intercom and communications need to be monitored. Product Features include: Standard Analogue phone with phone line powered. 304 stainless steel material shell, high mechanical strength and...

Ricardo, a global strategic, environmental, and engineering consulting company, is working with the sustainable HYdrogen powered Shipping consortium (‘sHYpS') to design and develop hydrogen fuel cell propulsion technologies to power the next generation of zero-emissions passenger ships. The project involving 13 partners in six European countries will accelerate the adoption of hydrogen as a renewable fuel in the maritime industry. The work has been funded by UK Research and Innovation (U...