Finance - News

The Port of Sines and the Algarve Authority (APS) participated in several events as part of the UN Oceans Conference, held in Lisbon from June 27 to July 1 of 2022, aiming to promote innovative science-based solutions to launch a new chapter in global action for the sustainability of oceans and the planet. Taking advantage of the stay of stakeholders related to the Blue Economy, the Blue Finance Event was held, which brought together companies related to the financing of sustainable development...

Arkas Bunkering has signed a protocol with Japan-based Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas. As environmentally-friendly buildings, vessels and fuels have become more popular than ever, new applications acting as reminders for both states and civil initiatives of their environmental responsibilities continue to emerge. Sulfur cap With International Maritime Organization’s (IMO) global sulphur cap set to enter into forc...

Arkas and its VSA partner “Sealand Europe & Med – A Maersk Company” are restarting the seasonal Russia Express Service, REX by the week 44th from Mersin. Joint reefer service This new joint reefer service addresses customers who are mainly shipping perishable cargo and want to leverage the reliable and fast transport service by sea. With a lead time of 4 days port-to-port from Mersin to Novorossiysk, REX connects Turkish perishable products with the Russian market on wee...

Arkas Line changed its service offerings through a new slot charter agreement (SCA) with the Algerian state-owned company CnanMed to increase its efficiency and capacity from West Med ports to Algerian ports. As of 26.11 new OEX Service (Oran Express), AEX Service (Algiers Express), BEX Service (Bejaia Express) will replace current WOS service (West Med Oran Service ), IAS service (Italy Algiers Service) of Arkas Line. The route of the AEX Service (Algiers Express): Marinda di Carrara /...

The construction of a new supersize slipway and new workboat pontoons is now underway at Pembroke Port. It marks a big step forward in the realisation of the Port of Milford Haven’s vision for the Milford Haven Waterway to play a vital role in driving new green growth across the region, while supporting the country’s transition to a net zero future. The new slipway will provide maximum flexibility for the launch and recovery of marine energy devices and vessels, while the pontoons w...

The container throughput trend in the Port of Hamburg in the first half of 2022 was more positive than expected. The total throughput of 4.4 million TEU, 20-ft standard containers in the first six months of the year represented slight growth of 0.9 percent. Growth in container handling Compared to the major competing ports of Antwerp-Bruges, Rotterdam, and Bremen/Bremerhaven in Northern Europe, all reporting downturns in container handling, Hamburg was the only major port in the range to repor...

The new P4G-Getting to Zero Coalition report “Shipping’s energy transition: strategic opportunities in Indonesia” explores the potential for Indonesia to accelerate and benefit from international maritime decarbonisation.  The report finds that Indonesia has several opportunities to leverage the global transition to zero-emission marine fuels toward key national objectives. However, achieving this will require targeted action in order to unlock these opportunities. Inter...

From the 15th of August, Unifeeder’s customers will enjoy a direct vessel connecting Antwerp and Dunkerque with Teesport and Grangemouth, in the United Kingdom (UK). Unifeeder is pleased to inform the users about their new service, which will be added to the extensive master schedule. From August 15th, they will initiate a new service connecting Teesport and Grangemouth with Antwerp and Dunkerque. This service is in addition to their present services connecting Immingham, Teesport, South...

The Singapore Maritime Foundation (SMF) has partnered with leading international shipping companies Pacific Carriers Limited (PCL) and Pacific International Lines (PIL) to enhance the attractiveness of maritime jobs through a job redesign pilot. The project will seek to: Demonstrate the feasibility and benefits of job redesign in maritime to enhance their attractiveness to the talent pool amid a competitive market; Provide analysis and recommendations for future job redesign implementatio...

Unifeeder enters into a unique transport agreement with Greencarrier, Green Cargo, and Ranheim Paper & Board. The agreement includes transport of paper from Trondheim, via the port of Drammen and Rotterdam, to Vienna in Austria by shortsea instead of a truck. Assistant Port Director at Drammen Port; Ivar Vannebo, informs that the new agreement reduces the use of the truck, between the paper mill at Ranheim and the Vienna printing plant, from 2400 kilometres to just 24 kilometres. Sustainab...

The Unifeeder Group (‘Unifeeder’), the largest Pan-European feeder and shortsea operator, announces the signing of the agreed acquisition of Unifeeder by DP World, an enabler of global trade and an integrated supplier to numerous supply chains, who operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics, and ancillary services to technology-driven trade solutions. Under its new ownership, Unifeeder will benefit from DP World&rsq...

Spire Global, Inc., a global provider of space-based data, analytics, and space services has announced that it has appointed Joan Amble to the company’s Board of Directors. In her new role, Joan Amble will work with Spire Global’s leadership team, in order to implement the best practices, as the business continues to quickly scale. New Board of Directors member Peter Platzer, the Chief Executive Officer (CEO) of Spire Global, Inc., said “Joan embodies the very relentless, un...

The most environmentally friendly marine incinerator is making an impact in the marketplace. Another milestone for the new incinerator, X10 TITAN, is reached. The market has indeed welcomed this incinerator and the company’s order book is counting more than 50 plants since the introduction about 18 months ago. Especially the large international Chinese shipyards have received the X10 TITAN well and already ordered X10 TITAN for containerships, LNG carriers, and tankers. Designed for mo...

Maritime UK, the umbrella body for the maritime sector, has welcomed The Seafarers’ Charity as the latest organisation to join the Diversity in Maritime Charter. The Seafarers’ Charity has the vision to create a world where seafarers and their families are valued and free of need and disadvantage. They’ve been working towards this goal since 1917 when they originally launched as the King George’s Fund for Sailors. Seafarers’ Charity The Seafarers’ Charity i...

London Medway, part of the Peel Ports Group, has reported a substantial increase in trade on its unaccompanied freight service between the UK and France in recent weeks amid ongoing Dover delays. The cross-channel service, which is run by DFDS, has witnessed a 34 percent increase in units in the last fortnight as congestion issues continue to plague South East ports. The rise in demand for the service, between Sheerness and Calais, has seen individual vessels recently carrying more than 200 uni...

Through a new partnership with Hapag-Lloyd, a global liner shipping company, Forto has launched a biofuel program for ocean shipping customers who seek to reduce their transport emissions. Customers booking full container load (FCL) sea freight shipments with Forto can now add the use of advanced biofuel to their bookings, effectively reducing 100% of their transport’s greenhouse gas emissions. As Hapag-Lloyd has extended their biofuel strategy to work with selected key partners, Forto ha...

International Container Terminal Services, Inc. (ICTSI) is empowering port users to make better, more timely business decisions with the launch of the ICTSI App, a tool that gives port users access to the Company’s newest digital services. ICTSI’s latest innovation grants port users real-time access to critical logistics data across ICTSI’s global operations. Using the app, port stakeholders can monitor trucks, containers, and vessels, as well as view payment estimates from co...

Global service provider - Goltens Worldwide has been appointed by UK-based maritime technology specialist - Emsys Maritime Ltd as an authorised sales, installation, commissioning, and after-sales service partner for its Emsys-iS Marine Emissions Monitor and Emsys-PM Smoke Density Monitor products. The agreement applies globally except for the country of South Korea. Robust CEMS solution Roy Strand, the Chief Operating Officer (COO) at Goltens, said “In order to satisfy increasing in...

As a long-time vessel operator of Intra-Asia service, after entering into the Asia-Europe liner service in February 2021, CULINES set up the Trans-Pacific Express service in July 2021, linking China to the West Coast of the U.S. TP 2.0 version Entering mid-2022, CULines launched TP 2.0 version, signing a long-term agreement with LA TraPac terminal (Trans Pacific Container Service Corp.) in May and obtaining dedicated berths. CULINES also deployed seven 4250 TEU vessels to upgrade the TPC serv...

Ocean Wise are proud to announce a recent contract win with the Port of Tyne, in the United Kingdom (UK), to provide an environmental monitoring solution to support operational decision making across the Port of Tyne’s jurisdiction. New monitoring equipment The project involves installation of new monitoring equipment, as well as integration with a suit of existing sensors, in order to deliver ongoing, accurate and reliable, real-time tide and weather data. The Port of Tyne is one of UK...

Crowley has chosen international business sustainability ratings provider EcoVadis to assess its value chain for its suppliers’ environmental, social and governance (ESG) impacts. A global provider of supply chain solutions, Crowley is the first U.S.-based company in maritime and logistics to partner with EcoVadis on its value chain solutions. Leveraging EcoVadis’ unparalleled technology capabilities, Crowley and its supplier-contractor base will be able to receive assessments of th...

Oceania Cruises, the globally renowned culinary- and destination-focused cruise line, has revised its SailSafe Health and Safety protocols to be simpler, easier and offer all travellers an open door to explore the world. Effective from September 3, 2022, for all sailings embarking from that date forward, vaccinated travellers will no longer need to test to embark a sailing and unvaccinated travellers may embark by providing proof of a negative antigen or PCR test, taken no more than 72 hours...

27% of vessels fail to arrive within 24 hours of their published Estimated Time of Arrival. This lack of accurate AIS-based data puts pressure on ports, hampers logistics, and pushes up costs. This could soon change, however, due to transformative new analytics from Lloyd’s List Intelligence, the maritime data experts, trusted by more than 60,000 professionals across the globe to power their decisions in operations, compliance, and risk management. Predictive Fleet Analytics Predictive...

PT Unilever Indonesia an FMCG company in Indonesia that has been operating for more than 85 years with various well-known brands that are close to the Indonesian people for products that are used daily, ranging from soap, shampoo, packaged food and others. Recently collaborated with PT Salam Pacific Indonesia Lines (SPIL), the pioneer logistics shipping company with more than 40 branches throughout Indonesia. The collaboration is in the IT field, where both companies are committed to implement...

Artemis Technologies states its commitment to increasing diversity in the maritime sector with landmark signing of the UK’s Women in Maritime pledge. The significant milestone comes as the world pioneer maritime design and applied technologies company welcomes new female engineer as the 70th employee of its Belfast workforce. Gintare Vaiciuvenaite, a former student of the University of Edinburgh, joins Artemis as a Graduate Embedded Software Engineer and will work on the further developme...

Pacific International Lines (PIL) is proud to once again contribute to Singapore’s National Day celebrations, by sponsoring a total of 102 containers, comprising 91 20-foot GP containers and 11 20-foot refrigerated containers for the 2022 National Day Parade (NDP), which will be held on Aug 9, 2022. Mr. S.S. Teo, the Executive Chairman at Pacific International Lines (PIL), said “PIL is privileged to join in the celebrations of Singapore’s National Day on 9 August 2022. Thi...

Neptune Energy has announced the award of a £10 million three-year vessel services contract to Sentinel Marine, in order to provide offshore support for its operated Cygnus gas field in the UK southern North Sea. The contract, awarded following a competitive tendering process, will see Sentinel Marine continue to deploy its Multi Role, Emergency Response & Rescue (MRERR) vessel, Cygnus Sentinel, on the gas field. The vessel will also support an upcoming drilling campaign on the Cygnus...

National Maritime Development Group announced the Cumbria County Council are seeking to award a tender for the design, build, launch, installation, commissioning, and acceptance of the new ferry, and associated elements. The land-locked nature of Lake Windermere introduces several requirements and constraints specific to the new ferry. Tender for the design and build of new ferry The new ferry is to have increased car capacity, increased operating capability, improved passenger facilities and...

Eco Wave Power announced that the energy conversion unit, formerly deployed in Gibraltar, is officially on its way to AltaSea at the Port of Los Angeles, set to arrive in September 2022. This will be the first U.S. location for Eco Wave Power’s technology, which is already deployed in Israel and plans further deployments in Spain, Portugal, and other locations, completing the Company’s 327.7 MW project pipeline. Eco Wave Power entered a collaboration agreement with AltaSea earlier a...

ClassNK has opened a new exclusive surveyor office in Rome, Italy with operations beginning 1 August 2022. Responding to the recent increase in the number of surveys and audits required in the southern part of Italy and Malta, ClassNK opened its newest office in Rome, located at the center Italian Peninsula, and will provide more efficient service in these areas. ClassNK will continue to improve its worldwide survey offices network in order to meet its clients’ requests and provide timel...