Finance - News

Representatives from maritime and energy organisations convened in Sydney in October with the aim of accelerating the development of a green corridor for the transportation of iron ore between Australia and East Asia (the Australia-East Asia Iron Ore Green Corridor) and identifying key actions to fuel the clean shipping of iron ore by matching emerging clean ammonia supply with industry demand. Net-zero-emission shipping solutions In June 2022, 13 members of the Getting to Zero Coalition and A...

‘Ultimate protection for flight crews operating in cold climates’ - that’s the premise of global Survival Technology solutions provider - Survitec’s upgraded multi-platform, Cold Weather Protection Ensemble, which debuted at the SAFE Association’s annual symposium in Mobile, Alabama, USA. Based on the Survival Technology company’s existing flight coverall, the upgrade includes a new high-insulation base layer, delivering an improved level of thermal protectio...

FESCO Transportation Group (‘FESCO’ or the ‘Group’) is expanding the geography of its container services between Russia and China – in addition to routes via ports of the Far East and railway border crossings the Group has launched a sea line along the Deep Sea through the Suez Canal and the Black Sea. FESCO Black Sea Service (FBSS) FESCO Black Sea Service (FBSS) operates on the route - Novorossiysk – Istanbul – Shekou – Ningbo – Shanghai &...

MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has passed more than 1,000 units on order or in service. The engines can run on a variety of alternative fuels, including LNG, methanol, ethane and LPG. The company notes that the new mark also comprises part of an even larger milestone of more than 2,500 Tier-III compliant engine orders. Two-stroke, dual-fuel engines MAN Energy Solutions’ dual-fuel journey began in 2011 with a full-scale demonstratio...

Barber Ship Management (Barber), a ship manager focused on the management of tankers owned by Wilhelmsen Ship Management and MPC Capital announces the appointment of Roine Ahlquist, effective from 1st Oct 2022. Roine’s appointment follows an extensive selection process that considered both internal and external candidates. He is based in Hamburg, Germany.  Roine's experience  With over 25 years of maritime experience, Roine held a variety of executive and senior leadership ro...

ABB has published another of its ‘Energy Transition Equation’ reports that shows how industrial customers can reduce carbon emissions and manage the energy transition for a more sustainable future. Based on nine months of research and modelling, the report highlights how early adoption and integration of automation, digitalisation, and electrification technologies to enable autonomous operations can deliver savings of over 300,000 tons of carbon emissions per annum for offshore site...

For the first nine months of 2022, container terminal of FESCO Transportation Group (“FESCO”, the “Group”) in Novosibirsk increased processing of containerised cargo by more than 13%, compared to the same period last year, to 86,000 TEU. Growth in comparison with the first nine months of 2020 is 27%. The main drivers of such increase in transshipment volumes were re-orientation of export flows from the North-West of Russia to the Far East and development of domestic cont...

Peel Ports Group (PPG) has announced it is launching a new ship-to-ship (STS) fuel transfer service on the River Mersey in partnership with Stanlow Terminals Ltd. The STS Transfers will enable larger ships to transport products directly from Tranmere to a wide range of international destinations. The new service will significantly save time and lower costs, allowing the import and export of much larger cargos than previously possible. New ship-to-ship (STS) fuel transfer service Previously, l...

Naval Ship Management (NSM), a Babcock company, has been selected as the Regional Maintenance Provider (RMP) West for Defence’s new Regional Maintenance Centre (RMC) West, servicing the Royal Australian Navy (RAN). The contract was formalised at a signing ceremony at HMAS Stirling, on Garden Island in Western Australia, on Thursday, 13 October, 20222. Naval Ship Management selected as RMP West As the RMP West, NSM will manage the sustainment of RAN ships at Henderson in Western Australi...

MetOcean Telematics is pleased to announce that they will be exhibiting at the International Workboat Show 2022, in New Orleans, LA from November 30 to December 2, 2022. International Workboat Show The International WorkBoat Show is a trade-only conference and expo for commercial vessel owners, operators and builders as well as the vendors and suppliers that serve them. They are looking forward to connecting with partners and attendees in the industry, and showcasing our latest MetOcean system...

Global Survival Technology provider - Survitec has been awarded a contract by Lockheed Martin to develop new flight equipment, as part of a capability upgrade for the mission proven F-16 in service with air forces worldwide. Survitec will leverage its 70 years of experience in the design and certification of high-performance functional garments to meet the safety and comfort needs of pilots operating the latest and most advanced F-16 configuration. F-16 Aircrew Flight Equipment The F-16 Aircr...

Wind power is one of the fastest-growing forms of renewable energy. Global demand for power from offshore wind farms is expected to change the way offshore operators and transfer providers consider workforce safety and how they procure critical Personal Protective Equipment (PPE). Survitec HeliPPE In the white paper exploring subscription-based rental and the future of offshore PPE, Survitec HeliPPE, the trusted PPE rental brand to the offshore wind industry, highlights how digital capabilitie...

NSSLGlobal announced its Gold sponsorship of the HMS OARDACIOUS rowing team as they take part in the world’s toughest ocean-rowing race - the 2022 Talisker Whisky Atlantic Challenge. Providing critical connectivity services, airtime, equipment, and essential support NSSLGlobal will enable the crew to remain in contact with their on-land support team, and families and also access daily essential meteorological reports as they row 3,000 miles across the North Atlantic. As one of...

MetOcean Telematics (MetOcean) is pleased to announce that they will be co-exhibiting at Expo Naval 2022 in partnership with Integrated Procurement Technologies (IPT) in Valparaíso, Chile, from November 29 to December 2, 2022. They look forward to showcasing their latest defence technology and connecting with attendees in the industry. MetOcean at Expo Naval 2022 Visit the MetOcean team at booth A061. Expo Naval 2022 is organised by FISA of the GL events Group. This international ex...

CULINES and Antong Holdings held an online ceremony and signed a Framework Agreement on Strategic Cooperation, aiming to further promote the dual circulation development pattern, enhance the long-term cooperation on European and Transpacific services, and integrate the shipping of domestic and foreign trades. Wei Wang (Party Committee Secretary and Chairman of Antong) and Raymond Chen (Chairman & CEO of CULINES) delivered speeches. Jianqiang Lou (Director & CEO of Antong) and Kevin Ding...

Rolls-Royce and Neste have signed a Memorandum of Understanding (MoU) to build a strategic partnership on the implementation of sustainable fuels for diesel engines. Both companies share a common vision - that sustainable fuels will play a key role in reducing greenhouse gas emissions in off-highway applications. The main components of the agreement are: promoting the use of existing internal combustion engines for sustainable fuels; advancing the transition from fossil fuels to sustainable fue...

The service will be an extension to the current Blue Water liner service through to Lihir, PNG, and will now offer customers a further solution into Lae. Steven Lofaro, Regional Director, Energy, Ports and Projects Oceania, sees a growing demand for cargo capacity, particularly for Breakbulk cargoes, in and out of Papua New Guinea. The Kumul service, operating with the MV Gala - a multipurpose vessel with a single lift capacity of 150 mt. enables Blue Water Shipping to provide a regular and eff...

Almost 600 workers at the Port of Liverpool are on their third walkout in a row over pay and Mersey Maritime CEO Chris Shirling-Rooke fears the dispute will drive away shipping lines. Tony McDonough reports. Big shipping lines could leave the Port of Liverpool for good if the current pay dispute is not resolved quickly. That is the warning from Chris Shirling-Rooke, chief executive of industry body Mersey Maritime, who fears long-term danger not just to the port itself but the wider Liverpool c...

Crowley has named Erika Graziuso as its new Chief Information Officer, a key step in the company’s commitment to providing customers with efficient and sustainable digital solutions, supporting supply chain integrity and maintaining global competitiveness alongside its partners. New Chief Information Officer In her new role, Erika Graziuso will lead Crowley’s information technology and digital transformation strategy with a key focus on digital solutions, cyber security and respons...

The much-awaited iconic Route du Rhum race is fast approaching. IEC Telecom will be providing its state-of-the-art satellite communication services to 40+ racing boats during their journey across the Atlantic. The event officially kicks off on October 25th, 2022 with the opening of the Villages in the City of Saint-Malo, France. The racing event will commence on November 6th, 2022 with 138 solo sailors setting sail for the historic port of Pointe-à-Pitre, Guadeloupe. Satcom products and...

Rolls-Royce is taking an important step towards a more climate-friendly future in construction equipment, industrial applications, agriculture and mining with the approval of mtu Series 1000, 1100, 1300, 1500 and 4000 engines for sustainable fuels. The mtu Series engines The mtu Series 1000, 1100, 1300 and 1500 engines – and therefore, the entire Rolls-Royce product portfolio for these applications – have already been approved for use with EN15940 paraffinic diesel fuels following...

Jelmer Domela Nieuwenhuis is the new director of Alphatron Marine Netherlands. Many relations already know him from previous positions, which he has fulfilled in the past two years at JRC | Alphatron Marine. The 49-year-old Jelmer Domela Nieuwenhuis is a maritime man in heart and soul, who attaches great importance to efficiency and safety in shipping. Already at the age of 14, he worked at Electro Nautic, his father's company. He was taught the profession with the proverbial spoon. After comp...

Neste has been selected as a finalist in the contest for the German Sustainability Award for companies 2023. With its ambitious sustainability vision and renewable solutions for the aviation industry, road transport, and polymers and chemicals, Neste was nominated for the final round. The winner will be announced and awarded at ceremonies taking place in Düsseldorf, Germany, on December 1 and 2. German Sustainability Award The German Sustainability Award recognises companies th...

DP World has introduced a new coastal service for the UAE, connecting its Jebel Ali hub to other ports around the country, and supporting key customers by easing supply chain bottlenecks. The inaugural shipment of roughly 200 TEUs sailed from the Jebel Ali Port to the Port of Ajman and arrived on-time on 7 October 2022. The new routes are serviced by a fleet of modified Multi-Carrying Vessels (MCV) to bypass congestion by calling smaller berths. The shallow draft vessels use less space and can...

Crowley has promoted Meaghan Atkinson to the position of Vice President (VP) of Sustainability. In her new role, Atkinson will lead Crowley’s sustainability journey, and especially drive action to decarbonise across the company’s operations and value chain, in order to reach net-zero emissions by 2050. As Vice President, she will lead the company’s efforts to build partnerships across its industries and value chain, so as to fulfill Crowley’s sustainability commitments....

FESCO Transportation Group has increased the capacity of sea line FESCO Turkey Black Sea Service (FTBS) between Russia and Turkey via a container ship capable of transporting up to 712 TEU. Moreover, FESCO has expanded the geography of the service by adding a new port of call – Gebze. The FTBS line operates on the route Novorossiysk – Istanbul – Gebze – Novorossiysk. Frequency of shipments once a week. Transit time from Novorossiysk to Istanbul is 1-2 days, and to Ge...

The arrival of natural gas at the Port of Sagunto has tripled during the first nine months of 2022, so as to reach 3,038,695 tonnes, in comparison to 1,039,875 tonnes in 2021, which represents an increase of 192.22%, according to data from the Statistical Bulletin of the Port Authority of Valencia (PAV). Of this total, practically 60% comes from the United States of America (US), which has become the main supplier to the Sagunto site, in Spain. A situation marked by the geopolitical scenario &n...

Neander Motors announces that they have expanded their global distributor network by appointing GY Marine Services LLC., a Doha and Dubai-based supplier of marine propulsion engines, as the exclusive distributor of Neander Motors within the GCC (Gulf Cooperation Council) territory. Established in 2019 as a subsidiary of Gulf Yachts, GY Marine Services LLC offers its services in the Gulf countries, based in Doha, Qatar and Dubai, United Arab Emirates (UAE) with the latest diesel engines in the m...

The inaugural shipment of roughly 200 TEUs on a Multi-Carrying Vessel (MCV) sailed from the Port of Jebel Ali to Port of Ajman, in the United Arab Emirates (UAE) and arrived on-time on the 7th October 2022.  The new routes are serviced by a fleet of modified Multi-Carrying Vessels (MCV) to bypass congestion by calling smaller berths. The shallow draft vessels use less space and can access areas of ports, where larger ships cannot fit due to their size and length, and can turn around at lea...

Diminishing consumer demand, full warehouses and inflation concerns led to a decline in cargo containers moved through the Port of Long Beach in September 2022. Dockworkers and terminal operators moved 741,823 twenty-foot equivalent units (TEUs) of cargo containers last month, down 0.9% from September 2021. Imports decreased 7.4% to 342,671 TEUs, while exports increased 1.9% to 112,940 TEUs. Empty containers moved through the Port rose 7% to 286,212 TEUs. Consumers and retailers concerned abou...