Finance - News
India’s major shipbuilder, Cochin Shipyard Limited (CSL), based in Cochin, Kerala, has received a prestigious international order from M/s. Samskip Group (Samskip) in Norway, a major global logistics solution provider, for the design and construction of two zero emission feeder container vessels with an option for two more vessels. The project is one of the world’s first zero emission feeder container vessel that will be powered using hydrogen fuel cells ultimately, with green hydro...
The Transport Select Committee has published a report on the UK Government’s Maritime 2050 strategy, little over a year after it opened an inquiry to scrutinise the progress made by the Government in delivering its recommendations. Background Maritime UK has worked with the Transport Select Committee over the course of this inquiry by submitting a written response in April 2022. Their Chief Executive - Ben Murray also appeared as a witness before the Committee in June 2022 to give eviden...
Tokyo-based Classification Society, ClassNK has granted its Innovation Endorsement for Products & Solutions to HermAce Remote Monitoring & Troubleshooting Platform, developed by FURUNO ELECTRIC CO., LTD (FURUNO) and issued a certificate to the company. In addition, for ClassNK registered ships flagged with the Republic of the Marshall Islands (RMI), the HermAce voyage data recorder (VDR) digital twin and remote service has been accepted as an alternative to the onboard VDR Annual Perfor...
Clean energy, railways, digitalisation, sustainable infrastructures or innovation are some of the actions that the Port Authority of Valencia (PAV) is carrying out within the framework of its objective Valenciaport 2030, zero emissions. The aim is to position itself as the green, intelligent and innovative hub of the Mediterranean. This project will be presented at the Eco Mobility Expo, which is to be held between 21 March and 23 March, 2023, at Feria València, in Valencia, Spain, a mee...
The world’s governments have finalised an historic agreement on protecting marine biodiversity in international waters — the treaty on Biodiversity in Areas Beyond National Jurisdiction (BBNJ) — after nearly 10 years of negotiations. New U.N. High Seas Treaty The new U.N. High Seas Treaty, as it is now known, covers the two-thirds of the ocean that lies outside national boundaries — nearly 50% of the planet’s surface. The treaty provides a legal framework for est...
The Port Authority of Valencia (PAV) was present at the International Logistics and Transport Fair ‘Logistics Spain’ - Logistics Spain 2023 held in Guadalajara, Mexico. A forum aimed at promoting brands, presenting new products and services, disseminating investment opportunities in different territories or addressing new challenges in logistics. PAV present at Logistics Spain 2023 The commercial area, represented by Rafael Romero at this fair, continues with its intense agenda of...
Mersey Maritime has welcomed the news that plans to build a world-class maritime centre of excellence, focused on innovation, engineering, R&D, entrepreneurship and training at the heart of Peel L&P’s Wirral Waters, have been approved by Wirral Council. This significant step in the project journey follows the championing of the project by the region’s cluster organisation over a number of years, including promotion of it to senior members of the government. The announcement...
A consortium led by zero-emission vessel provider - ACUA Ocean in partnership with zero-emission infrastructure provider and National Maritime UK Marine Hydrogen Working Group partner - Unitrove has won a multi-million pound UK government grant in a major push to decarbonise the maritime sector. The ‘Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED)’ consortium will receive over £3.8 million of funding to build and showcase...
Aimed towards easing the logistics challenges between the Dominican Republic, Haiti & Puerto Rico, Unifeeder will commence a fixed day weekly service connecting Caucedo with Port-au-Prince and San Juan. A fixed weekly schedule will ease the logistics between Caucedo, Port au Prince and San Juan.
RWE, in partnership with Commercial Rib Charters (CRC), can share a first look at the innovative amphibious vessel - ‘CRC Walrus’, which has been designed by Commercial Rib Charters and built in the Isle of Wight to reach offshore wind farms in shallow waters. Unique crew transfer vessel The unique crew transfer vessel was specifically commissioned to access turbines at Scroby Sands, which have become stranded by the natural rising tide of the sandbank on which it is built. The ves...
The idea of a separate international fishing fair in northern Norway was launched in 1998. In 1999, LofotFishing 1 was organised in Kong Øystein Hall in Kabelvåg. The feedback and response from the exhibitors was very positive, and have therefore been followed up with new international fisheries fairs every other year. LofotFishing exhibition LofotFishing has become an important gathering point for fishermen and exhibitors LofotFishing has become an important gathering point for...
Simon Møkster Shipping AS is going to replace the existing dynamic positioning system onboard their offshore supply vessel, MS "Stril Mar”. Brunvoll has been awarded the contract for delivery of a BruCon DP2 control system. The delivery from Brunvoll includes a dynamic positioning system of DP-class 2 with 4 maneuvering positions, reusing existing sensors and position references. Brunvoll and Simon Møkster Shipping AS partnership We have had a long and successful part...
Classification society, RINA, has granted an Approval in Principle (AiP) certificate to MAN Energy Solutions for its methanol-ready MAN L/V 32/44CR engine. The AiP covers an upgrade concept for the four-stroke engine for conversion to dual-fuel running on methanol to provide greater flexibility to ship owners. MAN L/V 32/44CR engine Patrizio Di Francesco, the EMEA Special Projects Manager at RINA, said: “This AiP is based on our recently published Methyl Alcohol Fuelled Ready notation."...
The Port Authority of Valencia (PAV) continues its work of training port managers within the framework of the ‘Train For Trade’ port management programme, which is organised by the United Nations Conference on Trade and Development (UNCTAD). Álex Sánchez, the Head of PCS Systems at the Port Authority of Valencia (PAV), delivered the Digital Port Management module in Makassar (Indonesia), in which he explained the projects and tools that Valenciaport is developing in th...
Mersey Maritime was conceived twenty years ago to create an ecosystem, championing and supporting one of the most diverse maritime regions in the UK. Liverpool John Moores University Liverpool John Moores University's (LJMU) own maritime history spans back as far as 1892 when it opened England’s first nautical college, currently, LJMU still provides support and teachings required to enter shore-based roles in marine surveying, maritime operations, port or ship management, consultancy,...
Hempel has announced joining the International Maritime Organization’s (IMO) Global Industry Alliance (GIA) for Marine Biosafety to work with industry to support shipping’s emissions reduction pathway and to mitigate against the spread of invasive species. World-renowned coatings company, Hempel A/S, has increased its commitment to supporting the maritime industry’s shift to ever more sustainable operations by joining the Global Industry Alliance (GIA) for Marine Biosafety. H...
Newly constructed 12m RHIBs by Southerly Designs are the first two Fire and Emergency vessels to be powered by OXE300s in Western Australia. Southerly Designs are constructing three 12m RHIBs with Dongara Marine Pty Ltd for the Department of Fire and Emergency Services WA. Two of these vessels will be powered by OXE300s. OXE300 is the latest outboard in the OXE Diesel series. Born from a demand for even more power, torque and range, the OXE300 does not compromise on either reliability...
Babcock and Auckland University of Technology (AUT) have signed an agreement to collaborate on scholarships, internships and joint research projects to advance knowledge, research and collaboration to grow New Zealand’s maritime engineering sector. As a part of the new arrangement, Babcock and AUT will develop a range of initiatives aimed at increasing the participation of under-represented groups in technology and engineering studies and research, including women, and Māori and Pasifika...
Maritime UK launches its comprehensive and ground-breaking Offshore Wind Plan at the Offshore Renewable Energy (ORE) Catapult’s Operations & Maintenance Centre of Excellence in Grimsby, with the support of Associated British Ports. The Offshore Wind Plan makes a series of recommendations for how the maritime sector, the offshore wind sector, and governments can work together to deliver maximum economic benefit from the growth of offshore wind across the maritime supply chain in sector...
Stanlow Terminals Ltd has announced that they are to develop a major new open access import terminal for green ammonia in the Port of Liverpool. The new terminal, which will be an expansion of Stanlow Terminal’s existing facilities, will provide the connecting infrastructure to enable significant volumes of green ammonia to be imported into the United Kingdom (UK). New terminal The new terminal contributes to Essar’s ambition to be a major hub of low carbon energy innovation...
International Maritime Organization (IMO) has welcomed the landmark agreement on a new oceans treaty to protect marine biodiversity on the high seas. IMO Secretary-General - Kitack Lim says landmark treaty will reinforce efforts to protect biodiversity The new legally binding international instrument on the conservation and sustainable use of marine biological diversity in areas beyond national jurisdiction – known as 'BBNJ' was agreed on 4 March, 2023, following conclusion of the f...
HMM announced it was selected as the best-performing carrier, achieving the lowest carbon emission between Far East Asia and the U.S. West Coast in Q4 2022, based on the Carbon Emissions Index (CEI). Carbon Emissions Index (CEI) is published quarterly by Xeneta, a major ocean freight rate analysis firm, in partnership with Marine Benchmark, a data management specialist for the maritime industry. Carbon Emissions Index (CEI) CEI demonstrates the carbon intensity of shipping companies across 13...
With the aim of continually improving its connectivity from Asia and enhancing its coverage of the Middle East, Pacific International Lines (PIL) is pleased to introduce an additional service, known as Gulf China Service 2 (GC2). Gulf China Service 2 (GC2) complements Pacific International Lines’ existing Gulf China Service (GCS) and China Gulf Service (CSG). Gulf China Service 2 (GC2) The key feature of Gulf China Service 2 (GC2) is that it will have a direct call to Sohar in Oman,...
Representatives of the Spanish maritime and river transport sector met at the Clock Building of the Port of Valencia with the Board of Directors of the Waterborne Technology Platform, at a meeting organised by the Valenciaport Foundation, in collaboration with the Port Authority of Valencia (PAV), with the aim of discussing the next steps in the transition to a zero-emission and at the same time, competitive sector, and to address the benefits that the different European funding mechanisms make...
The Port of London Authority (PLA) has achieved a major milestone, halving its carbon emissions last year, as it made strong progress in its Net Zero programme. The PLA, which oversees safe operations in the United Kingdom - UK’s busiest port, has committed to achieve Net Zero by 2040, or earlier. Last year’s performance delivered the 50% cut in carbon emissions three years ahead of the original 2025 target. Introduction of sustainable biofuel in vessels fleet The Port of London A...
DP World London Gateway alone reported a 14% rise in volumes to 2,053,000 TEU – the first time it has ever exceeded two million units in a year, consolidating its position as Britain’s second biggest container terminal. Together with Southampton, the two terminals in the United Kingdom (UK) handled a record 3,850,000 TEU, when compared with 3,675,000 TEU in 2021. Boost growth and support businesses in the UK Within a decade, London Gateway is likely to be handling up to 30% of the...
Dubai International Boat Show 2023 is the most established boat show in the United Arab Emirates (UAE), Gulf Cooperation Council (GCC) and Middle East. Whether visitors want to buy a boat, discover luxury yachts and superyachts, or explore the latest diving and aquatic innovations, the Dubai International Boat Show is the definitive event for luxury and lifestyle. QS Seamaster and Waveless brands exhibited at the event QS Seamaster and Waveless are the two brands exhibited at the Dubai Intern...
WE Tech Solutions is excited to announce our relocation to a new office in Vaasanpuistikko 19, Vaasa, Finland. The move to the new facility is a significant milestone for the company, as it marks the next chapter in its growth story. New office of WE Tech Solutions The new office of WE Tech Solutions features a larger work area and modern meeting rooms, all of which are designed to enhance productivity and collaboration among our employees. The new office of WE Tech Solutions features a larg...
Rodman delivers two units of its passenger catamaran vessel, model - Rodman 115, to their owner, the Dutch company – Aqualiner B.V. The two recently delivered Rodman 115 vessels have been sailing in Dutch inland waters as of this month. Catamaran vessel - Rodman 115 This new model has been specifically designed and built to comply with the European Standard laying down Technical Requirements for Inland Navigation Vessels ES (TRIN) and the Flag Administration Requirements, under the supe...
With a celebratory event on 23rd of February 2023, the new location of HHLA Project Logistics, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), was inaugurated in Almaty, Kazakhstan. The new office further expands HHLA Project Logistics’ network. HHLA Project Logistics offers specialist transport solutions for the entire Caucasus region and neighbouring areas of Central Asia, dealing with project cargo from parcels to heavy and oversized loads. HHLA Project Logistics’ new of...