Finance - News
Tokyo-based classification society, ClassNK has released ‘Guidelines for Shipboard CO2 Capture and Storage Systems’. The guidelines include provisions for indicating the class notation for vessels equipped with CO2 capture and storage systems or designed as ‘ready’ for their installation. In addition to fuel transition, interest in capturing CO2 from ships’ exhaust gas is growing as a way to reduce GHG emissions, and the development of onboard systems for capturing...
MAN Energy Solutions has announced that its MAN 175D engine is formally approved for operation on biofuels, effective immediately. This applies to all standard biofuels such as HVO (Hydrotreated Vegetable Oil) and FAME (Fatty Acid Methyl Ester) fuels up to a content of 100%. Crucially, the engine itself does not require any technical adjustments, following the announcement. Florian Keiler, Head of High-Speed Sales at MAN Energy Solutions, said: “MAN Energy Solutions prepares its engines f...
In a continued effort to provide their customers with the best and reliable quality of service, CMA CGM wishes to inform its customers of the re-instatement of SEAPRIORITY Go (SPGO) for bookings from Asia to West Africa. With this option on booking, CMA CGM will ensure the following advantages for shipment, regarding the current peak of activity: Higher level of priority with first equipment available granted Close tracking and flagging of shipment to guaranty space onboard Available on th...
HHI-EMD – an MAN Energy Solutions two-stroke licensee – marks milestones in South Korea with successful FAT (Factory Acceptance Test) of the world’s largest methanol-powered, two-stroke engine and surpassing of 200 million brake-horsepower. At a ceremony in South Korea on March 22, 2023, HHI-EMD celebrated the world’s largest methanol-powered two-stroke engine, a MAN B&W G95ME-LGIM type. Simultaneously, the engine’s manufacture pushed the company past the 200 m...
The Neptune Declaration Crew Change Indicator that covers crew change developments in the first quarter of 2023 suggests that the situation remains stable. The number of seafarers vaccinated is at 96.3%, a slight increase of 0.7 percentage points from the previous quarter. Likewise, the number of seafarers onboard vessels beyond the expiry of their contract is down by 0.5 percentage points, now at 2.2%. The number of seafarers onboard vessels for more than 11 months remains at 0.2%. Crew chang...
OXE Marine AB launches their first product configurator. This new tool allows end customers to easily configure and customise their OXE Diesel Outboard, to meet their specific needs and requirements. The configuration is gathered in a downloadable PDF for future reference. With the OXE Diesel Product Configurator, customers can easily select their desired power output, shaft length and other specifications to create the perfect outboard for their specific application. The user-friendly interfac...
The Port Authority of Valencia (PAV) has delivered this morning the traditional socarrat – which replaces the metope – commemorating the arrival at the Port of Valencia of the cruise ship - MSC Seashore, one of the most advanced ships in environmental technologies. The Head of Marketing and Cruises of the Port Authority of Valencia (PAV), Francesca Antonelli, presented the socarrat to the Captain of the MSC Seashore vessel, Giuseppe Galano. The General Manager of MSC Cruises in Spai...
Singapore-headquartered Cyan Renewables has contracted Ulstein Design & Solutions BV as the designer of a series of new floating foundation installation vessels (FFIV) dedicated to offshore wind. With an increasing lack of heavy lift installation vessels, these new FFIVs are needed to fill the gap. The vessels will enable Cyan to support the offshore wind industry in meeting its global ambitions. “With their strong track record in heavy lift vessel design and a good understanding of...
Crowley, a global logistics, maritime, and energy solutions company, reached an agreement with the Port of Humboldt Bay to exclusively negotiate to build and operate the terminal. The company office is at the Carson Building in the historic Old Town of Eureka. Local office “I’m pleased to welcome Crowley to our business community!,” said Humboldt County Supervisor Natalie Arroyo for District 4. "I’m glad they’ve chosen to open a local office and look forwar...
Shipping companies - encouraged by regulation, customer demand, investor pressure, and internal goals - are searching for ways to find greener fuel alternatives and reduce greenhouse gas emissions by 2050. To understand how shipping industry pioneers are thinking about future fuels and what their plans and projections are to adopt cleaner fuels and efficiency-boosting technologies, the Global Maritime Forum, the Global Centre for Maritime Decarbonisation, and the Mærsk Mc Kinney M&os...
Now a firm fixture in the national maritime calendar, The Mersey Maritime Exchange will take place on Thursday 22nd June 2023, in the brand new, state-of-the-art, The Tung Auditorium. The Mersey Maritime Exchange was originally conceived in 2019, in response to the Government’s Maritime 2050 report which set out the future of the sector over the next three decades. At the heart of the report was a commitment to technological transformation, decarbonisation and a more inclusive, highl...
PD Ports has welcomed two new additions to its executive leadership team as it continues to elevate its position as the UK’s premier seaport and logistics operator. With a proven track record of delivery – the company has attracted over £1.5 billion of inward investment and helped to create some 2,500 new jobs since 2005 – PD Ports is widely recognised as a partner of choice for customers and stakeholders, as well as a great place to work for employees. Prolonged streng...
The second North Sea Summit which is being organised by the Belgian Federal Government will have an important industrial outlook since it will be supported by seven Belgian companies and federations. These are the system operators Fluxys and Elia, the hydraulic engineering specialists DEME and Jan De Nul, the Belgian Offshore Platform, the Belgian employers' association for technology companies Agoria, and the Port Oostende. North Sea Summit They will be welcoming the CEOs of 100 to...
Launching their newest maritime simulator - NAUTIS Home in 2022 was an important step for VSTEP to expand the accessibility of professional ship simulation. It is their goal to increase the crucial role of simulation-based learning in maritime education and training. They continue to build on this mission by facilitating a Learning Platform to leverage the training capabilities of simulators. The rapid technological innovation in the maritime sector is driving maritime professionals and f...
OXE Marine AB has appointed MWM and Transmidiesel as new distributors for OXE Marine’s diesel-powered outboards in Brazil and Colombia. The appointment is made to strengthen OXE Marine's international expansion and means that the company is expanding its global network of distributors and dealers to Brazil and Colombia. MWM manufactures engines that are used in, among other things, the automotive industry, and the agricultural sector as well as for power generation and marine applications...
The President of Valenciaport, Joan Calabuig emphasised his commitment to three strategic dimensions for 2030: economic, environmental and social. Valenciaport is going to be up to major investments and challenges for the Valencia Region such as the Power-Co gigafactory, and to the needs of sectors such as ceramics, agri-foodstuffs or textiles to provide them with an agile, solid and efficient response. Environment is an essential element The ports belong to all the citizens and must be a fac...
The fight against illegal immigration across the channel is a top priority for the French and British authorities. To address this, the two countries have signed an agreement funded by London to the tune of 72.2 million euros for the period 2022-2023. The aim is to set up a 'Smart Border' based on advanced technologies to secure the coastline and avoid drowning on board makeshift boats. It is in this context that the French company - HGH has been asked by the Ministry of Interior to provide sev...
Tokyo – based classification society, ClassNK has released ‘Guidelines for Additional Fire-fighting Measures for Container Carrier’, which specify requirements for indicating additional fire safety measures on container carriers as a class notation. With the expansion of logistics and the growth in ship sizes, the characteristics and loading methods of cargo carried by ships have increasingly diversified. To achieve a higher level of safety, efforts are being made to implement...
London International Shipping Week’s Headline Conference this year is shaping up to be an in-depth dive into global trade and economic security. Taking place on Wednesday, September 13th, 2023 at the London headquarters of the International Maritime Organization, the LISW23 Headline Conference will be chaired by LISW veteran Paddy Rodgers and is sponsored by Tsakos Energy Navigation (TEN), which will be celebrating 30 years as a public company. Central theme Taking the central theme o...
ClassNK has released new features for its GHG Emissions Management Tool, ‘ClassNK ZETA (Zero Emission Transition Accelerator)’. ClassNK ZETA ClassNK ZETA is a tool for visualising CO2 emissions and CII ratings of ships. It provides accurate current status and simulation of CII ratings by linking with ‘ClassNK MRV Portal’, which is a compliance supporting system for MRV schemes, such as IMO-DCS and EU-MRV regulation. The following three features are newly released: C...
Tokyo-based classification society, ClassNK has issued an Approval in Principle (AiP) for an ammonia fuelled gas carrier, which has been jointly developed by Mitsui O.S.K. Lines, Ltd., TSUNEISHI SHIPBUILDING Co., Ltd., and Mitsui E&S Shipbuilding Co., Ltd. Ammonia is expected to be used as a ship fuel for decarbonisation, since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative, as it has been pointed out that ammonia is toxic to humans and corrosive to...
Resolve Marine, a globally renowned company in ship and vessel salvage, rescue, emergency response, and specialised marine services, has announced the opening of a new warehouse and operations facility in Tacoma, Washington, USA. Resolve Marine has also appointed Chad Kasin as Pacific Northwest Facility Manager. The new facility expands the company’s successful marine services business in Alaska into the Seattle/Tacoma area, and will serve clients across ship husbandry, marine constructio...
Hempel A/S appoints Peter la Cour Gormsen as Chief Financial Officer (CFO) and Executive Vice President of Finance and names René Overgaard Jensen as Chief Transformation & Information Officer (CTIO) and Executive Vice President of Digital, Strategy & Transformation. In a change to its Executive Group Management, Hempel A/S announces the appointment of Peter la Cour Gormsen as Chief Financial Officer (CFO) and Executive Vice President of Finance. Peter joins Hempel on 1 June 2023...
As part of its long-standing commitment to restore service reliability and increase service frequency Neptune Pacific Direct Line (NPDL) is pleased to announce a comprehensive service upgrade to help restore supply chains, and address congestion and operational challenges at New Zealand and Fiji ports. Launching in late April 2023, NPDL’s new Australia New Zealand Pacific (ANZPAC) service will provide fixed day fortnightly sailings with 3 x 1700 TEU vessels (The Capitaine Tasman, Capitain...
The World Ocean Council (WOC) is pleased to announce the expansion of its SMART Ocean-SMART Industries (SO-SI) Programme through the appointment of a Programme Manager, with support provided by Singapore-based Swire Shipping Pte. Ltd. Mr. William (Bill) Staby, as Programme Manager at the World Ocean Council (WOC), will lead the SO-SI Programme to organise industry/science partnerships and promote data collection by ships, platforms and other offshore infrastructure, which can be used to host or...
Tokyo-based Classification Society, ClassNK has granted the Class C Innovation Endorsement Provider Certification to FUKUJIN KISEN CO., LTD, a ship-owning company based in Ehime, Japan. ClassNK offers its third-party Innovation Endorsement ‘Provider Certification’, which supports innovative initiatives, to companies and organisations. ClassNK's third-party certification ClassNK conducts the third-party certification on the initiatives to transform their own business methods As co...
The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the appointment of Mrs. Olubusola Obasanjo-Akande and Engr. Christopher Amakulo as Directors. The NIMASA Board also approved the promotion of 22 Assistant Directors to Deputy Directors, 86 Chiefs to Assistant Directors and 400 other staff to their next grade levels. The Governing Board of the Agency ratified the promotion during a meeting held in Lagos, Nigeria. Staff promotions approved by the...
With effect from 10 April, 2023, the Head Office of Pacific International Lines (PIL) in Singapore will be relocated to the following address: Pacific International Lines (Pte) Ltd 128 Beach Road #15-01 Guoco Midtown Singapore 189773 The main telephone number remains unchanged at +65 62218133. People are advised to send all mail and physical correspondences to the above new address from 10 April, 2023 onwards.
Last year one of OceanWise’s long-standing customers, The Peel Ports Group, approached them to come up with a solution to a historic problem they had with their fog signal management, as other previous attempts had not been successful. Peel Ports Group needed a bespoke fog signal control unit, which allowed their team to remotely manage signals via a web page. Control unit connects to OceanWise’s Port-Log data platform Using the OceanWise in-house marine engineering team, Peel Por...
Analysis of Xeneta’s Carbon Emissions Index (CEI) has revealed that Yang Ming is the container industry’s ‘emission hero’ for all relevant CEI-covered trades in Q4 2022. The Taiwanese giant was the industry’s only major player to score below the CEI performance baseline of 100 (set in Q1 2018) across all CEI routes. According to the Carbon Emissions Index (CEI), a unique solution from Xeneta and Marine Benchmark, Yang Ming found the industry’s best balance be...