Finance - News

Blue Water expands the range of transport providing the opportunity for alternative fuels and CO2 offsetting

At Blue Water, they focus on creating customer solutions that enable minimization of carbon footprint from transport and logistics provided by them. “We aim to be our customers’ supplier and partner of choice. This includes offering and advising on solutions improving the sustainability and efficiency of the supply chain. Therefore, we are always searching for the best available solutions allowing CO2 reduction and matching our customers’ needs,” says Per Jakobsen, Busin...

Hempel showcases marine solutions at COP27 and urges greater transparency to decarbonise shipping now

As part of Hempel’s participation at COP27, Executive Vice President, Head of Marine at Hempel A/S, Alexander Enström, will join conversations on how to accelerate the decarbonisation of the shipping industry. Hempel will also showcase solutions that can help achieve measurable results in that regard. The shipping industry is responsible for three per cent of global GHG emissions every year. The good news is that the necessary technologies to achieve a significant emissions reduction...

MPC Container Ships ASA announces the appointment of Moritz Fuhrmann as the new Chief Financial Officer (CFO)

MPC Container Ships ASA (the ‘Company’), is pleased to announce the appointment of Moritz Fuhrmann as the new Chief Financial Officer (CFO), commencing December 1, 2022. Mr. Fuhrmann will succeed the current Chief Financial Officer, Dr. Benjamin Pfeifer, who has resigned his position to pursue new opportunities. New CFO appointed Moritz Fuhrmann brings to MPC Container Ships ASA - a strong background in finance and shipping Moritz Fuhrmann brings to MPC Container Ships ASA - a st...

KONGSBERG and Lockheed Martin sign contract for new Norwegian air surveillance radars

Kongsberg Defence & Aerospace (KONGSBERG) and Lockheed Martin signed a contract for KONGSBERG’s support of the delivery of the TPY-4 radar to Norway for the Norwegian Radar Sensor (NORSE) Project. Through this ca 900 MNOK contract, KONGSBERG will be a significant partner and subcontractor to Lockheed Martin for the deliveries to the NORSE project. The KONGSBERG scope of delivery includes hardware, software and final assembly and test of the TPY-4 radar systems before installation at t...

Progress Report shows that Maritime Green Corridors are taking off - but essential stakeholders must not be left behind

A new report from the Global Maritime Forum, prepared on behalf of the Getting to Zero Coalition, assesses progress towards the development of Green Shipping Corridors, and maritime routes between major port hubs where zero-emission solutions are supported and demonstrated and finds that activity during 2022 exceeded expectations. Green Shipping Corridors However as maritime Green Shipping Corridors progress towards implementation, some key industry stakeholders, especially cargo owners and fu...

First import terminal for green ammonia comes to Hamburg

Air Products and Mabanaft, through its subsidiary Oiltanking Deutschland, announced their intention to build Germany's first large-scale, green energy import terminal in the Port of Hamburg. This joint development agreement is an important step towards the development of a green ammonia import and distribution infrastructure in the Port of Hamburg. The project was announced at a ceremony in Hamburg, which was supported by German Federal Minister for Economic Affairs and Climate Action Robert...

Fred. Olsen Cruise Lines’ Borealis vessel completes multi-million-pound refurbishment at Cammell Laird shipyard near Liverpool in the UK

Fred. Olsen Cruise Lines’ Borealis has completed a multimillion-pound refurbishment programme at Cammell Laird shipyard, Birkenhead, becoming the first cruise liner to undergo work at the site for over 25 years. Borealis arrived on 28th October, for a 14-day refurbishment, including steel repairs, an overhaul of the shafts and propellers as well a new application of underwater paint, supported by more than 150 members of Cammell Laird’s workforce. Borealis ship sails out of Cammell...

Port of Hamburg handles 91.8 million tons of seaborne cargo in the first nine months of 2022

In the first nine months of the year - 2022, the maritime industry in the Port of Hamburg handled 91.8 million tons of seaborne cargo, a 4.3 percent drop on the previous year – 2021. Also down 7.4 percent at 27.5 million tons, handling of bulk cargo was especially hard hit. In comparison with the rest of Europe, container handling held up well. At 6.3 million TEU - 20-ft standard containers - for the Port of Hamburg - the downturn was 2.7 percent. By contrast, conventional general cargo h...

FESCO adds new service Flexi for transportation of bulk liquids in containers using sealed flexitank liners

FESCO Transportation Group expands the range of services in the structure of the FESCO Supply Chain by adding a new service FESCO Flexi for the transportation of bulk liquids in containers using sealed flexitank liners. Within the framework of FESCO Flexi goods can be dispatched via rail, sea, and intermodal services of the Group both in domestic and international directions, including to countries of East and Southeast Asia, Turkey, Egypt, Africa, and South America. Providing necessary equipm...

Maritime Safety Committee (MSC 106) adopts mandatory International Code of Safety for Ships Carrying Industrial Personnel (IP Code)

A new mandatory safety code for ships carrying industrial personnel – aimed at ensuring the safety of people transported to work on offshore facilities including wind farms – has been adopted by IMO's Maritime Safety Committee (MSC 106), which met from November 2 to November 11, 2022. The new Chapter XV of the International Convention for the Safety of Life at Sea (SOLAS) and the associated new International Code of Safety for Ships Carrying Industrial Personnel (IP Code) were devel...

Kongsberg Maritime wins NOK 300 million contract for new CSOVs for Pelagic Wind Services

Kongsberg Maritime has won a NOK 300 million contract with Pelagic Wind Services to supply advanced vessel design and equipment for two new CSOVs to be built at Cochin Shipyard in India. The CSOVs will be built to Kongsberg Maritime’s UT 5519 HL design, which has been upgraded to provide the highest level of operability and safety, while lowering fuel consumption and maintaining excellent sea-keeping properties. New CSOVs with UT 5519 HL design The new vessels will be able to operate sa...

Mersey Maritime marks 20th anniversary year with the 8th Annual Mersey Maritime Industry Awards

In Mersey Maritime’s 20th anniversary year, the North West and national maritime industry came together on Thursday, 10th November 2022 to celebrate the sector at the 8th Annual Mersey Maritime Industry Awards. The event, which was held at Liverpool Cathedral, was the biggest and most high-profile yet, with some 600 guests present drawn from across the UK and beyond. Preparations for the awards saw over 100 individual applications on behalf of more than 50 different businesses and organ...

MetOcean Telematics showcases at Pacific Marine Expo 2022

MetOcean Telematics is pleased to announce it will be exhibiting at Pacific Marine Expo 2022, in Seattle, WA from November 17-19, 2022. Pacific Marine Expo is the largest commercial marine trade show on the West Coast, serving commercial mariners from Alaska to California.  Pacific Marine Expo It is looking forward to connecting with attendees and showcasing the latest MetOcean systems and Iridium products and technology. Visit the MetOcean Telematics team at booth 528. Pacific Marine E...

Crewsaver a brand of Survitec reduces environmental impact with latest lifejacket innovation

Leading lifejacket provider Crewsaver, a Survitec brand, is spearheading a fundamental shift in how it designs and produces its Survival Technology by embracing a circular product lifecycle. The lifejacket specialist has adopted a three-pronged approach to decrease its environmental impact commencing with the forthcoming release of its new high-performance lifejackets to be showcased this week at Metstrade in Amsterdam. Arriving in 2023, Crewsaver’s new EXO lifejackets include the abilit...

Port of Long Beach eased up in October following reduced consumer demand and a shift of imported goods toward the Gulf and East coasts

Cargo moving through the Port of Long Beach eased up in October following reduced consumer demand and a shift of imported goods toward the Gulf and East coasts. Dockworkers and terminal operators moved 658,428 twenty-foot equivalent units (TEUs) of cargo containers last month, a 16.6% decline from October 2021. Imports were down 23.7% to 293,924 TEUs and exports decreased 2% to 119,763 TEUs. Empty containers moved through the Port fell 13.4% to 244,743 TEUs. Strategic and sustainable gateway...

Rolls-Royce and China Eastern sign TotalCare agreement for Trent 700 engines

Rolls-Royce and China Eastern Airlines have signed a TotalCare® Life service agreement for 10 A330 aircraft powered by Trent 700 engines. The agreement, which will cover at least a five-year term, was announced at the fifth China International Import Expo (CIIE) taking place in Shanghai from 5-10 November 2022. The agreement enables China Eastern to receive highly comprehensive aftermarket services and operational support, ensure the best overall life cycle cost-efficiency for their A330 fl...

Ocean Wise announces a brand-new, challenge-led programme - Maritime Accelerator

The maritime & ports sector is the gateway to some of the biggest challenges facing the world currently, and presents innovation opportunities to deliver sustainable, equitable growth for our communities and economies. Ocean Wise has announced the cohort for the Maritime Accelerator, a brand-new, challenge-led programme powered by Connected Places Catapult and supported by several industry and academic partners. Maritime Accelerator Its aim is to provide each of the selected SMEs with a p...

Vietnam Defence Expo 2022: MetOcean showcases innovations

MetOcean Telematics (MetOcean) is pleased to announce they will be exhibiting at Vietnam Defence Expo 2022 in Hanoi, Vietnam from December 8-10, 2022. They look forward to showcasing MetOcean’s latest defence technology and connecting with partners and clients in the region. Vietnam Defence 2022 is an international exhibition and conference on the defence field in Vietnam, hosted by the Ministry of National Defence with the aim of supporting defence units and armed forces to deploy the as...

Viasat saluted as a great place for veterans

Viasat recently received recognition from two organisations as a great place for veterans to work. It was selected for the 2022 HIRE Vets Gold Medallion Award, and earned a spot on the 2022 Military Times Best for Vets: Employers list. The HIRE Vets Medallion Award is the only federal-level veterans’ employment award that recognises an organisation’s commitment to veteran hiring, retention, and professional development. Comprehensive annual ranking The Military Times describes&nbs...

OXE Marine to exhibit OXE Diesel at METSTRADE 2022, Europe’s largest boat show

OXE Marine is exhibiting OXE Diesel at the annual METS boat show - METSTRADE 2022, Europe’s largest boat show. Attendees can find OXE Marine’s solutions in Pavillion 05, Booth 467 at the show, where they will be displaying their outboards - OXE300, OXE200. OXE Marine at METSTRADE 2022 By the harbour, in collaboration with Tideman Boats, OXE Marine will be demoing an OXE300 and a twin OXE150 installation at METSTRADE 2022. OXE Marine can’t wait to see everyone at the event....

Maritime UK announces the maritime sector launches new project on green skills

This Green Careers Week Maritime UK is launching a new green skills project, in order to help ensure that the maritime industries have the skills required to enable its decarbonisation. The project kick starts with the appointment of Kit Williams to coordinate delivery of recommendations from the Maritime Skills Commission’s (MSC) Skills for Green Jobs Position Paper. It is being delivered through a partnership between the MSC and Cornwall Marine Network (CMN). Maritime Skills Commission...

Waves Group announces the appointment of Jeroen Overbeek as APAC Regional Manager to lead Singapore operations

Waves Group is delighted to welcome Jeroen Overbeek as their APAC Regional Manager.  Jeroen will lead their multi-discipline team in Singapore and develop their operations across Asia, assisting their clients in issues relating to the investigation maritime casualties, offshore energy projects and Marine Warranty operations. As a member of the company’s global team of Maritime Civil Engineers, Jeroen Overbeek specialises in the investigation of Fixed & Floating Object (FFO) dam...

Xeneta and Marine Benchmark partner to launch Carbon Emissions Index (CEI)

Xeneta, the globally renowned ocean and air freight rate benchmarking and market analytics platform, and Marine Benchmark, a major provider of information analysis services and tools for the marine industry, have launched the Carbon Emissions Index (CEI) for the container shipping market. Carbon Emissions Index (CEI) The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark is a first-of-its-kind data solution that tracks and compares the carbon emissions of ocean carriers across 13 main...

MetOcean unveils new security products at Close Protection Conference 2022

MetOcean Telematics is pleased to announce that they will be exhibiting at the Close Protection Conference 2022, in Las Vegas, Nevada, USA, from December 7-9, 2022. They look forward to sharing MetOcean’s new security products at the event. Close Protection Conference The Close Protection Conference is the largest and most influential global protective security industry event. The conference is hosted by the International Protective Security Board (IPSB), the only non-profit EP-centr...

Babcock is proud to partner with Formula Student and UAS 2023

Babcock is proud to be supporting one of the biggest student engineering events in Europe – Formula Student (FS) 2023. They’ll be joining hundreds of students at the kick-off event, Learn to Win, held at Coventry’s Manufacturing Technology Centre in a bid to attract the best next-gen talent. Innovative young engineers Babcock will return as the official FS Artificial Intelligence (FS-AI) Partner in 2023, and they are also supporting the Unmanned Aerial System (UAS) Challenge...

MSC Mediterranean Shipping Company joins the World Ocean Council (WOC) as its newest member

The World Ocean Council (WOC) is proud to welcome MSC Mediterranean Shipping Company (MSC) as its newest member. MSC Mediterranean Shipping Company is a globally renowned company in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s major container shipping lines, MSC Mediterranean Shipping Company operates 675 offices across 155 countries worldwide, with over 80,000 employees. MSC joins WOC as new member MSC’s shipping lin...

MetOcean Exhibits at NATIA 2022 in Pittsburgh, USA

MetOcean Telematics (MetOcean) is pleased to announce that they will be exhibiting at the NATIA Mid-Atlantic Chapter Training and Exhibition Fall 2022 in Pittsburgh, USA, from November 8-10, 2022.  NATIA 2022 It looks forward to showcasing MetOcean’s latest technology and connecting with partners and clients in the industry. Visit the MetOcean team at table 5. The National Technical Investigators’ Association (NATIA) is comprised of over 3,500 law enforcement, intelligence, a...

Prysmian Group partners with Giancarlo Pedote for the legendary Route du Rhum race

Prysmian Group and Giancarlo Pedote, Ocean Sailor and Skipper of the IMOCA Prysmian Group, together again for the Route de Rhum, one of the most prestigious events for sailing enthusiasts. The famous solo race - Route de Rhum will start on Sunday, November 6, 2022, from Saint-Malo and will end with the arrival in Guadeloupe. Route de Rhum Created in 1978, the Route de Rhum has become a classic of transatlantic solo races Created in 1978, the Route de Rhum has become a classic of transatlanti...

Matson, Inc. signs contract with Philly Shipyard Inc. to add three LNG-powered Aloha Class containerships to its fleet

Matson, Inc. (‘Matson’; MATX) has announced that its subsidiary, Matson Navigation Company, Inc., a renowned U.S. carrier in the Pacific, has signed contracts with Philly Shipyard Inc. to build three new 3,600 TEU (Twenty-foot Equivalent Units - the standard unit of measurement for container capacity) Aloha Class containerships for an aggregate price of approximately US$ 1 billion. The first vessel is expected to be delivered in the fourth quarter of 2026, with subsequent deliveries...

Port Authority of Valencia (PAV) announces The Odissey of the Seas cruise ship has made its first call in Valencia, Spain

The Odissey of the Seas cruise ship has made its first call in Valencia, Spain, as informed by the Port Authority of Valencia (PAV). Francesca Antonelli, the Head of Marketing and Cruises of the València Port Authority (PAV) has been in charge of handing over the traditional socarrat – the Valencian terracotta tile designed with maritime motifs that Valenciaport gives to the ships that dock for the first time at its facilities – to the ship’s Captain - Per Kristoffersen...

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