Finance - News
The Organising Committee of the Doha International Maritime Defence Exhibition and Conference (DIMDEX) has announced that the eighth edition of the biennial event (DIMDEX 2024) will take place from 4th to 6th of March 2024 at the Qatar National Convention Centre (QNCC). Set to take place under the patronage of His Highness Sheikh Tamim Bin Hamad Al Thani, Amir of the State of Qatar, DIMDEX 2024 will be hosted and organised by Qatar Armed Forces. DIMDEX 2024 Event organisers expect the next ed...
Hyundai’s shipbuilding division (HHI-SBD) has ordered 6 × MAN B&W G95ME-C10.5-LGIM dual-fuel main engines, in connection with the construction of 6 × 17,000 TEU container vessels for A.P. Moller – Maersk, the Danish integrated logistics company. Hyundai’s engine machinery division (HHI-EMD) will build the engines in South Korea, which will be capable of running on green methanol. MAN B&W methanol engines Bjarne Foldager, the Senior Vice President and Head...
Propspeed, an innovator of underwater foul-release coatings, announced it has hired Chris Myers as Vice President of Sales Americas. In his new position, Myers is tasked with directing Propspeed’s sales efforts across the Americas, as well as growing and supporting Propspeed’s network of partner boat yards, marinas, applicators, and distributors. Customer service “I am so excited to be joining the Propspeed team,” said Myers. “This team is driven by a pas...
Shipping companies are more data-hungry than ever before, with the maritime industry using 45% more data than it was in 2021 – with year-on-year demand for data more than doubling in some sectors. As maritime businesses transform, they are also seeing more diverse data requirements than those that existed before the pandemic. As this need for connectivity accelerates, so too does the need for high-quality broadband to keep vessels connected wherever and whenever necessary. For mar...
The theme for World Maritime Day reflects the need to support a green transition of the maritime sector into a more sustainable future, providing an opportunity to focus more on eco-friendly and responsible solutions and initiatives in our industry. Wrist Ship Supply pays tribute to World Maritime Day, highly supporting the green transition of the ship and offshore supply industry in alignment with the ESG Framework. GHG emissions reduction Wrist Ship Supply aims to transition from non-renewa...
The Marine Information Note (MIN) 687 highlights how from 31 December 2022, HM Coastguard will stop offering a voluntary, public-facing flare disposal service to private individuals, who have personal flares to dispose of. From that date, private individuals will need to use a third-party disposal service to dispose of their personal flares. This note offers guidance to private individuals on how to dispose of their flares and private businesses that may wish to offer a disposal service. MIN 6...
Viasat Inc., a global communications company, and Inmarsat, an internationally renowned provider of global mobile satellite communications services, look forward to working with the UK’s Competition and Markets Authority (CMA), in order to demonstrate how the planned combination of the companies will benefit customers by improving efficiencies, lowering costs, and increasing the availability of in-flight connectivity (IFC) around the world. The Competition and Markets Authority announced...
The Deputy Mayor of Vienna and responsible for Innovation, Urban Planning and Mobility, Ulrike Sima, has led a delegation from the City Council of the Austrian capital – Vienna, to the facilities of the Port of Valencia. Unlike other visits, on this occasion, those responsible for mobility from Vienna arrived at the Clock Building by bicycle; an emblematic construction of the Port of Valencia, which offered the visitors one of the noblest rooms in the building to hold their work meeting:...
SBM Offshore inaugurated its newest office location in Porto, Portugal on October 11, 2022, during an event that recognised the important bridges being built between the company and the city. SBM’s Douglas Wood, CFO, Jordan Strik, Sustainability Director, and Rita Prates, Country General Manager welcomed representatives from the Porto City Hall, Councilor Mr. Ricardo Valente, the Porto Engineering University, the AICEP institutes, and local vendors and partners to the event. Primacy...
Vopak Agencies has a strong track record within both hub services and port agency within the tanker segments in Europe and extensive experience within their field. Diize is a Vopak developed digital software company aimed at the future of port orchestration. The completion of the transaction is subject to predetermined conditions and works council advice and is expected to close later in the fourth quarter of this year. Vopak Agencies will transfer to Wilhelmsen Port Services once the deal is...
Survitec’s Maritime Protection brand has registered a significant increase in orders for Inert Gas (IG) systems over the past two years, following a surge in orders for newbuild vessels with LNG-burning engines. This increase is partly attributed to the global shipping industry seeking to meet decarbonisation targets by moving away from high polluting heavy fuel oil (HFO) towards alternative, cleaner marine fuels. Increase in orders for Inert Gas (IG) systems These engines need to be fi...
Tokyo-based ClassNK has approved the Condition Based Maintenance (CBM) scheme for the main diesel engine on coal carrier - Noshiro Maru owned by Nippon Yusen Kabushiki Kaisha (NYK Line). From safe operation and operational cost reduction perspectives, Condition Based Maintenance (CBM) has been attracting more attention. ClassNK publishes CBM Guidelines ClassNK has developed rules for the adoption of CBM in class maintenance surveys ClassNK has developed rules for the adoption of CBM in class...
Iridium Communications Inc. announced that Iridium partners MetOcean Telematics, NAL Research, and Trace Systems are now Iridium Certus® service providers for U.S. government customers, joining Satcom Direct, in this capacity. These unique, long-term deals will allow these companies to provide Iridium's secure global satellite broadband and midband connectivity for mobile voice and data services to the U.S. government through a dedicated gateway. Leveraging inherent advantages By leveragi...
Siemens Smart Infrastructure and Volta Trucks, the full-electric commercial vehicle manufacturer, and services provider announced a strategic partnership to deliver and scale eMobility charging infrastructure to simplify the transition to fleet electrification. Zero-Emission Urban Transportation The companies signed a letter of intent outlining the cooperation. They will jointly seek to deliver turnkey solutions for fleets to transition to zero-emission urban transportation through an end-...
CMA CGM informs its customers of following Local Port Charge in South Africa. Effective October 1st, 2022 (date of loading in the origin ports) until further notice (November 10th for US shipments): Local Port Charge: Ports: South African ports Perimeter: Import/Export Cargo: All Quantum: ZAR 38 per unit Payment: Collect/prepaid Please contact local CMA CGM office should anyone require further information on the same.
GEM elettronica will participate at Euronaval 2022, the World Naval Defence exhibition, which is to be held in Paris, France, from October 18 to October 21, 2022. Euronaval 2022 Visitors attending Euronaval 2022 event can join GEM elettronica at the company’s booth in Hall 2A, stand number - L146.
Cepsa and the Port of Rotterdam are to work together to establish the first green hydrogen corridor between southern and northern Europe, ensuring a green hydrogen supply chain between two of Europe’s main ports, Rotterdam and Algeciras, as agreed in the Memorandum of Understanding (MoU) signed by both parties. The corridor will connect two of Europe’s main ports: Rotterdam and Algeciras. The agreement accelerates the decarbonisation of heavy industry and maritime transport and s...
As there are always better ways to address a market, CMA CGM – Short Sea Lines Division is pleased to announce their new butterfly MOROCCO SHUTTLE service, launching from Week 45 between Morocco | France | Spain. This new weekly service (starting ex Agadir on November 10th, 2022) - on top of addressing Moroccan cabotage - will enable to implement a sustainable maritime bridge between Agadir & Port Vendres for the upcoming fruits & vegetables campaign. This will allow a -75% CO2 em...
Eco Wave Power Global AB (‘Eco Wave Power’ or the ‘Company’) is pleased to announce that it will be providing sponsorship to AltaSea’s innovative and engaging Blue Hour 3: The Warehouse fundraising event on October 8, 2022, which will bring together art and technology to tell the story of the emerging Blue Economy. Blue Hour 3: The Warehouse will celebrate the ocean through various art installations spread throughout Berth 60 – a 60,000 square foot warehouse...
Valencia, the world cereal capital, celebrates the 62nd edition of the European Commodities Exchange, which brings together more than 3,000 participants and 90 companies from all over the world. The Prior and Consul Major of the Lonja de València, Vicente Ebri points out to his European partners that “A strong port is synonymous with trade and wealth for its people. The new container terminal in the northern extension of the Port of Valencia is more necessary than ever.” Vic...
The shipping industry has been shifting towards decarbonisation and aiming for net zero carbon emissions by 2050. The transition requires ships to pursue superior energy efficiency and optimised operational functionality in a reliable, safe and economical way while reducing the environmental footprint. DNV’s latest study has presented several potential decarbonisation strategies (A-D) for a new LNG carrier design to determine feasible approaches, so as to achieve compliance with the IMO...
Ingeteam’s 50th anniversary celebration was held in the Euskalduna Palace, in Bilbao, Spain, with a stirring tribute to the four families who founded the company. Fifty years ago, a group of four engineer friends travelling home after completing post-graduate engineering studies in Germany, decided to set up a business. Despite the tough situation at the time, they founded the company - TEAM in 1972, and it later merged with Ingelectric to create Ingeteam. Tribute to the founders of Inge...
Unifeeder is pleased to announce that from October 11, 2022, they will launch two new Scandinavian services to ensure weekly transit connections between Wilhelmshaven to/from Fredericia & Aarhus and Wilhelmshaven to/from Oslo & Gothenburg. The two new weekly services connecting Wilhelmshaven to Scandinavia include: Wilhelmshaven - Hamburg - Fredericia - Aarhus – Wilhelmshaven Hamburg - Wilhelmshaven - Oslo - Gothenburg – Hamburg Two new weekly services connect Wilhelm...
Rolls-Royce has completed a major investment in its Pascagoula, Mississippi site that will provide increased capabilities and capacity to support U.S. Navy programs. A new 26,000 ft 2 facility, with foundry and machining equipment provided by a U.S. Department of Defense DPA Title III grant, will increase the company’s ability to manufacture propellers and propulsor components for naval platforms. Authority comment Dan Rediger, Rolls-Royce Head of Naval Operations – Defense said,...
Portsmouth International Port will be opening up its doors for a community open day, in celebration of Maritime UK Week. The local community, staff and their families are invited to enjoy a day of exhibitions from port partners, interactive stands and behind-the-scenes access to port operations. The open day will showcase: What the maritime industry does for Portsmouth Maritime skills, jobs and future roles Protecting the maritime and port environment Lifeline operations Portsmouth...
Satellite communications have become central to the provision of crew welfare. The Maritime Labour Convention declared internet connectivity at sea to be a mandatory requirement and the International Transport Workers Federation has described crew comms as 'a human right'. With a crew shortage predicted by 2026, the maritime sector is emphasising new working practices to make an ‘office at sea’ attractive to the new generation of seafarers. Communication solutions Large vess...
Propspeed, the globally renowned innovator of underwater foul-release coatings, has announced that Propspeed has been proven to make vessels more fuel efficient, improve performance and offset fuel costs. Several Propspeed customers have monitored their performance data, before applying Propspeed and after, and have shared that information back to the company. Demand for fuel-efficient vessels “Seeing how shockingly high fuel costs these days are, boaters are looking for any way to make...
Lisa Edvardsen Haugan has been appointed as the new President of Kongsberg Maritime, the largest business area of KONGSBERG. She takes the helm after Egil Haugsdal. Ms. Edvardsen Haugan has long and extensive experience from both the defence and civil business area in Kongsberg Gruppen ASA (KONGSBERG), including having been EVP Finance at Kongsberg Maritime and Finance Director at Kongsberg Protech Systems. She currently heads the Deck Machinery & Motion Control division of Kongsberg Mariti...
UK Ports has been announced as a Bronze Sponsor for Maritime UK Week. Starting on 10 October, Maritime UK Week 2022 will shine a spotlight on the latest developments in the maritime sector and engage people across the United Kingdom (UK) with the world of maritime. Responsible for enabling 95% of the UK’s global trade, maritime touches every part of people’s lives. As an island nation, during the COVID-19 pandemic, the maritime sector’s key workers kept the UK supplied with f...
Norwegian Cruise Line (NCL), the innovator in global cruise travel, announced that it has updated its global health and safety protocols, by removing all COVID-19 testing, masking and vaccination requirements, effective from Oct. 4, 2022. Given the significant, positive progress in the public health environment, the Norwegian Cruise Line updated its health and safety guidelines, which are now more aligned with other global travel organisations. Removal of COVID-19 safety protocols “Heal...