Finance - News

As there are always better ways to address a market, CMA CGM – Short Sea Lines Division is pleased to announce its TMX 1.2 service launching as of WEEK 23, the faster-ever maritime bridge between Turkey/Spain/France/Algeria. This new weekly Pendulum service (starting ex Ambarli on June 8th, 2022 with m/v “CONTSHIP FUN”) is resulting from a re-shuffling of the SSL INTRAMED services. The TMX product is composed out of 4 loops [TMX 1; TMX 1...

MetOcean Telematics is pleased to announce that they will be exhibiting at CANSEC 2022 event in Ottawa, Ontario, Canada, from June 1-2, 2022. CANSEC is North America’s largest multi-service defence event and is back for its 25th anniversary in 2022. They are looking forward to connecting with partners and clients at the show, and showcasing MetOcean’s latest defence technology. Visitors at CANSEC 2022 event can visit the MetOcean team at booth 1010. CANSEC CANSEC has been held ann...

The Lloyd’s Register Maritime Decarbonisation Hub and partners launch ‘The Silk Alliance’ to develop a Green Corridor Cluster beginning with intra-Asia container trade. The Silk Alliance seeks to develop a fleet-specific fuel transition strategy for container ships operating in Singapore and wider Asia. The Lloyd’s Register Maritime Decarbonisation Hub is working with 11 cross-supply chain stakeholders to develop a fleet fuel transition strategy that can enable the estab...

To navigate the challenge of net-zero carbon emissions, Yang Ming Marine Transport Corporation (Yang Ming) has joined The Silk Alliance, in order to develop and formulate potential measures for vessel decarbonisation, among members of maritime supply chain. The Silk Alliance is aimed at establishing Green Corridor Cluster and paving the pathway towards maritime decarbonisation. The Silk Alliance Initiated by the Lloyd’s Register Maritime Decarbonisation Hub, The Silk Alliance consists o...

The organisers of London International Shipping Week are proud to announce that Inmarsat has signed up as Diamond Sponsor of next year’s event, London International Shipping Week 2023 - LISW23. This announcement follows confirmation that the week-long premier global shipping and maritime event will be held during the week of September 11 to September 15, 2023. Inmarsat is the world’s renowned provider of global mobile satellite communications. Shipping Innovation, the Owner of Londo...

The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr. Bashir Jamoh declared that the Agency is committed to the domestication of her capacity development programme to save the nation scarce foreign exchange needed in training young Nigerians abroad. Dr. Jamoh stated this when he received the Management of Greg Ogbeifun Institute of Maritime Technology together with their partners from the Training Centre for Blue Collar Port Workers in the Port of Antwerp...

International Maritime Organization’s GHG Working Group finalises guidelines to support implementation of carbon intensity measures and agrees to further develop a ‘basket of candidate mid-term measures’, including technical and carbon-pricing elements Draft guidelines to support implementation of ship carbon intensity measures coming into effect in 2023 have been finalised by an International Maritime Organization (IMO) Working Group.  12th session of the ISWG-GHG 12 T...

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has restated the Agency’s commitment to ensuring effective pollution prevention and control in the Nigerian Maritime domain, in order to continue to create an enabling environment for the sector to thrive. Dr. Bashir Jamoh who made this assertion while speaking at the 7th meeting of the National Standing Committee on International Oil Pollution Compensation (IOPC) Fund implementation in N...

Satcom Direct, the business aviation solutions provider, announces at EBACE 2022, a new three-way partnership agreement with OneWeb, the global communications company powered from space, and QEST, Quantenelektronische Systeme GmbH, a worldwide market pioneer in innovative aeronautical antennas. Inflight broadband services The collaboration is to progress the development of an Electronic Phased Array antenna to support OneWeb’s advancing mobility services. The agreement also covers a long...

Crowley, the longest-serving U.S. supply chain company with a nearly 70-year history in Puerto Rico inaugurated its state-of-the-art LNG Loading Terminal in the southern town of Peñuelas. Sustainable energy solutions The liquefied natural gas facility marks a major milestone and supports the island’s economy with full-service, sustainable energy solutions to industrial and commercial operators in Puerto Rico, Central America, and the Caribbean. The inaugural event hosted by C...

IMO’s Facilitation Committee has adopted amendments to the Facilitation (FAL) Convention, which will make the single window for data exchange mandatory in ports around the world, marking a significant step in the acceleration of digitalisation in shipping. Other amendments adopted include lessons learnt from the COVID-19 pandemic and add new and amended Recommended Practices to prevent corruption and illicit activities in the maritime sector. Facilitation (FAL) Convention The Facilitati...

Satcom Global AuraNow is the only maritime VSAT solution that allows vessel managers and owners to perform an instant upgrade to their bandwidth via an online portal. By simply clicking the ‘Perform and immediate upgrade’ button in the AuraNow customer portal, vessel and fleet managers can give their vessels access to greater bandwidth within minutes. AuraNow portal A one-stop-shop solution that gives direct access to manage to the vessel and fleet communications The easy-to-use...

The international shipbuilding exhibition Navalia in Vigo, Spain was from the beginning a reference for the naval sector and to serve as a tool to attract investors and contracts for the industry. The efforts that Navalia made in its international promotion, have been rewarded in its last edition with an increase of the 30% in the international visitors with countries such as Portugal, France, Italy, United Kingdom, Germany, and the Netherlands among others. The 2022-edition will be arranged in...

  The first four CV90 Combat Support Vehicles were delivered to the Norwegian Armed Forces during a ceremony hosted by local industry partner Ritek AS in Levanger, Norway. The four vehicles are the first of 20 modernized CV90 engineering vehicles BAE Systems will deliver, in partnership with Ritek and the Norwegian Defense Materiel Agency. “While rebuilding these vehicles, it has been important for the government that Norwegian jobs are supported", said Bent Joacim Bentze...

Transporting special cargo around the world doesn’t come without its complications. Unlike traditional container shipping, special cargo comes in unpredictable shapes and sizes and requires custom-made loading solutions, and given the typically high-value and sensitive nature of these items, these solutions must be faultless. Special cargo complexities If cargo isn’t loaded correctly and damages occur, the ripple effects can be devastating. For example, whether it’s a 118-t...

Maritime UK is joining the global maritime sector, in order to celebrate the inaugural International Day for Women in Maritime. The theme is ‘Training-Visibility-Recognition: Supporting a barrier-free working environment’. The day celebrates women in the industry. It is intended to promote the recruitment, retention and sustained employment of women in the maritime sector, raise the profile of women in maritime, strengthen International Maritime Organization’s commitment to th...

CMA CGM and Air France-KLM have announced that they are joining forces and signing a major long-term strategic partnership deal in global air cargo delivery services. CMA CGM - Air France-KLM This industrial cooperation combines Air France-KLM’s air transport experience and know-how with CMA CGM’s global supply chain expertise and assets. Air France-KLM and CMA CGM will jointly sell their air freight capacity, in order to provide customers with more options for their transportatio...

Forto, a provider of digitised freight forwarding and supply chain solutions, announces the appointment of Thomas Eisenblätter as Vice President of Global Sea Freight Management, FCL. In his new role, Eisenblätter will oversee the procurement and business development of the Forto offerings for international Sea Freight. Eisenblätter brings more than 30 years of operational, business development and partner management experience to Forto. He joins the company after most recently s...

Satcom Direct, the business aviation solutions provider, has ramped up its support for military and government customers by unifying COMSAT and SD Communications, under a new brand, SD Government. The rebrand brings its military and government services and support under one umbrella to deliver customers streamlined access to the entire SD ecosystem of services for an even stronger connectivity and support experience. Reliable, consistent connectivity Integration of SD Government with the coll...

In 2021, Wrist further consolidated its position and increased operating profit as the supplier of marine provisions, stores, and spare parts logistics to the ship and offshore industry not least through a strategic transition and substantial investments in the development of customised digital solutions. Increasing business and revenue  Wrist succeeded in increasing business volume and revenue, improving the underlying operating profit. Several major, global customer frame agreements we...

KONGSBERG has decided to move to Horten Industrial Park (HIP), in Horten, Norway, in 2025. A completely new building will be built there that can bring together the group’s operations in the city, which is currently spread over six addresses. “We are growing in Horten and today, we can rejoice that the board of KONGSBERG has chosen to invest further for the future here. A new sustainable building, at the water's edge and designed for our business is becoming a reality”, said E...

Maritime industry can achieve vast majority of its greenhouse gas (GHG) emissions reduction target through digital technologies, according to a major new report into decarbonising shipping. The maritime industry, which carries over 90 per cent of world trade, accounts for 2.5 per cent of greenhouse gas emissions globally. To hit the target of a 50 per cent reduction in global shipping CO2 emissions by 2050, as set by the International Maritime Organization (IMO), it is estimated that the sector...

Shipping special cargo is a work of art that A.P. Moller – Maersk (Maersk) has been striving to perfect for more than four decades now. Maersk moved special cargo, even before containers were first introduced in the 1970s and they have been carrying out-of-gauge and breakbulk cargo across the company’s global network of ships, trains, trucks, and barges ever since. Special cargo needs customised solutions A.P. Moller – Maersk understands that no one size fits all. Every spec...

Globally renowned company in manned submersibles, U-Boat Worx is excited to announce the launch of a completely new class of submarine – one that has been designed to host the most prestigious and memorable events on the planet. UWEP autonomous submersible The ‘Under Water Entertainment Platform’, or UWEP for short, is a completely autonomous submersible with capacity for up to 120 guests, excluding crew. Guests will experience diving to depths up to 200 metres in comfort and...

For over 30 years, Thales Australia (Thales) has been a trusted partner of the Royal Australian Navy, onboard and onshore. Australian capability, above the water and below the water, is at the heart of everything Thales does. From designing, manufacturing and integrating advanced sonar and autonomous underwater systems, to successfully maintaining the Royal Australian Navy’s critical assets, so they are available whenever and wherever they are needed, Thales carries out all tasks effi...

Tokyo - Leading classification society, ClassNK has released its design support system – ‘PrimeShip-HULL 2022’. PrimeShip-HULL 2022 design support system complies with the recent comprehensive revision of ClassNK’s Rules for the Survey and Construction of Steel Ships Part C and provides extensive support for ship-building design that combines safety and rationality. PrimeShip-HULL series software for strength evaluations PrimeShip-HULL series is software for strength e...

GRAMMY Award-winning artist and superstar Kelly Clarkson has announced that she would join Norwegian Cruise Line, in celebrating and rewarding educators, as part of the ‘Norwegian's Giving Joy’, annual recognition programme, hosted by Norwegian Cruise Line (NCL), the innovator in global cruise travel. In honor of Teacher Appreciation Week (May 2 – 6, 2022), the songstress and TV host and producer concluded a week-long on-air celebration recognising educators on her criticall...

In September 2021, CULINES launched its South China – USWC TPC service, which has received broad attention and recognition in the market. After operation for over half a year, CULINES has recently announced to launch of its TP2.0 services, of which the upgraded TPC is the flagship. The voyage MV RENJIAN 09 E2217 on May 5 at YICT would be the official launch. On this voyage, about 2,200 TEUs have been loaded at YICT, some of which are e-commerce cargoes of BCO customers with newly signed l...

Norway-funded Carib-SMART Preparatory Phase Programme will enable Caribbean SIDS maritime sector to build-back better, post the COVID-19 pandemic. A new programme to develop and implement a Sustainable Maritime Transport (SMART) system in the Caribbean has begun in a preparatory phase, aimed at supporting the small island developing states (SIDS) of the Caribbean region, in order to build-back better from the impact of the COVID-19 pandemic on the maritime sector. Carib-SMART Preparatory Phase...

The May Crew Change Indicator records a tiny increase in seafarers onboard vessels beyond their contract expiry since April, but overall does not indicate that the fears of a re-escalation of the crew change crisis due to the war in Ukraine have been fulfilled. May Indicator The latest Indicator shows that the number of seafarers onboard vessels beyond the expiry of their contract has increased slightly from 4.2% to 4.5% in the last month, while the number of seafarers onboard vessels for over...