Finance - News

The World Ocean Council (WOC), the City of Barcelona and the Port of Barcelona are partnering to develop the leading global hub for the Blue Economy, which will now include the headquarters for WOC, the global Blue Economy Business and Investment Organization. The World Ocean Council’s events and activities will complement the Blue Economy efforts in Barcelona, Spain and its port, as well as strengthen the city’s leadership commitments. WOC’s Blue Economy events To celebrate...

Babcock’s Vehicle Support Team (Operations), part of the DE&S Organisation, has won a Minister for Defence Procurement Acquisition Award for supporting the deployment of British troops to Mali on Operation NEWCOMBE, which was a collaborative effort involving Army HQ, DE&S, Babcock and other industry partners. The team, comprised of both military and civilian personnel, is responsible for the in-service support of the land vehicle fleet on operations and training worldwide. Urgent...

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Celebrating 50 years since 1969, OTC’s flagship conference is held annually at NRG Park (formerly Reliant Park) in Houston, Texas, USA. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia. Offshore Technology Conference (OTC) 2022 The...

Fleet Xpress, enhanced by Fleet Edge, brings together the best of Inmarsat connectivity solutions to help global shipping companies harness the full power of a connected maritime ecosystem Shipping companies can harness the full power of a digitally connected maritime ecosystem to support their digital transformation via Inmarsat directly or Inmarsat’s global network of partners. Fleet Xpress Enhanced solution The Fleet Xpress Enhanced solution provides access to a wider portfolio of In...

OceanWise’s Shane Djokey, who started with the team in September 2020 (slap bang in the middle of the global COVID-19 pandemic!) has been awarded a distinction in his apprenticeship as ‘Software Development Technician’. Shane Djokey has been working with the Technical Team at OceanWise, under the guidance and support of the company’s Managing Director - Caroline Levey and the Line Manager - Steve Bourne, as an Information Systems Apprentice.  ‘Software Develo...

Prysmian Group, the globally renowned company in the energy and telecom cable systems industry, is pleased to return to the Offshore Technology Conference (OTC) 2022 in Houston, Texas, from May 2 to May 5, 2022, at booth 2942. At OTC 2022, the company will present its full range of high-tech cables solutions, supporting the energy transition and the development of power generation from offshore renewable sources, namely offshore wind. Deep-water umbilical solutions The Group will also present...

CMA CGM Group, globally renowned company in shipping and logistics, and WWF France have entered a partnership to decarbonise shipping and logistics, strengthen the fight against illicit trafficking in protected species, and preserve marine ecosystems. This collaboration is true to CMA CGM's commitment to achieve Net Zero Carbon by 2050 and in line with the numerous initiatives undertaken by CMA CGM, in order to reduce its environmental footprint and fight against ocean pollution. CMA CGM and W...

ClassNK has issued an Approval in Principle (AiP) for a large liquefied hydrogen carrier developed by Kawasaki Heavy Industries, Ltd. Hydrogen is expected to be used as a clean energy source to realise a decarbonised society as its burning does not emit CO2. To contribute to the maritime transportation of hydrogen and usage for marine fuel, which is anticipated to expand its use worldwide, ClassNK has worked on the establishment of necessary standards and certification. Approval in Principle...

Blue Water Shipping is happy to announce that a new General Manager Sea & Air, Norway has been hired to their office in Oslo, Norway. Morten Würgler has more than 20 years of broad international business and logistics experience within air freight, sea freight, perishables and customer service. Morten Würgler has great international know-how from Denmark, Houston, Texas and Norway under titles of Sales Executive and Senior Director in similar corporations to mention a few. Extens...

April 2022 saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up year-on-year. The data, revealed in the latest Xeneta Shipping Index (XSI) Public Indices for the contract market, demonstrates how supply chain demand, successful carrier strategies and continued COVID-19 disruption in China are coalescing to ‘pile on the pain’ for shippers worldwide. Xeneta Shipping Index (XSI) Xeneta&...

States are being urged to take action to bring into force the Cape Town Agreement of 2012, a key international treaty, which will establish an international regime for fishing vessel safety. This will help make fishing safe, sustainable and legal - and make a significant contribution to the protection of fishers, an unacceptable high number of whom lose their lives every year. “We cannot afford to be complacent, when it comes to addressing the safety of fishers and fishing vessels,”...

Matson, Inc., a U.S. carrier in the Pacific, and Greenbrier Gunderson Marine christened and launched a new flat-deck container barge in a ceremony at the Greenbrier Gunderson Marine shipyard in Portland, Oregon on Saturday, April 23, 2022. The new barge, christened ‘Haleakala’ in honour of the landmark crater on the island of Maui, will be deployed in Matson’s Neighbour Island service in Hawaii starting this summer, connecting cargo to and from the U.S. West Coast through its...

The eCommerce surge is shaking up the shipping industry, making speed and efficiency a must. The time has come to move beyond paper and towards widespread adoption of the game-changing electronic Bill of Lading (eBL). Mediterranean Shipping Company - MSC’s Global Chief Digital and Information Officer (CDIO), Andre Simha will explain more at an upcoming event - TradeTech Europe 2022, during the eCommerce week, organised by the United Nations agency - UNCTAD. Rapid growth of eCommerce eCo...

£1.06 million in funds has been awarded to a consortium, led by MSE International, in order to address clean maritime challenges in the seaports and shipping sectors. The consortium of nine organisations, which is led by MSE International, will get the £1.06 million funds, as part of the Smart Maritime Land Operations Call. The call was launched in November 2020, as part of a Maritime Research and Innovation UK (MarRI-UK) initiative, supported by the Department for Transport (DfT),...

International not-for-profit organisation Global Maritime Forum announces the new composition of its Board of Directors, following annual general meeting. Jan Dieleman, President, of Ocean Transportation at Cargill was elected as the new Chair of the Board of Directors, taking over the position from Peter Stokes, former Senior Adviser and Head of Shipping at Lazard, who is retiring. Author's quote “I am honoured to accept the role as Chair of the Global Maritime Forum. Peter has made gre...

The eCommerce surge is shaking up the shipping industry, making speed and efficiency a must. The time has come to move beyond paper and towards widespread adoption of the game-changing electronic Bill of Lading (eBL). MSC’s CDIO André Simha will explain more at an upcoming event during the eCommerce week organised by UN agency UNCTAD. Demand for shipping eCommerce has skyrocketed since the start of the pandemic. Due to lockdowns, travel restrictions, and health concerns, more and...

MetOcean Telematics is pleased to announce it will be exhibiting at the Offshore Technology Conference (OTC) 2022, in Houston, Texas, USA, from May 2-5, 2022. MetOcean Systems and Iridium OTC is a global event that connects offshore energy professionals from more than 130 countries to collaborate and discuss the challenges, solutions, and changing energy landscape of the offshore energy sector.  OTC is looking forward to connecting with partners and clients in the industry and showcasing...

MSC is proud to be exhibiting at Breakbulk Europe 2022 in Rotterdam. Taking place from 17-19 May 2022, the conference has become the global gathering for the industry with more than 120 countries represented, providing a key opportunity to meet, network, and connect.   MSC's project cargo experts from around the world look forward to welcoming visitors at stands 2A20-B21 in Hall 2.  One size does not fit all  MSC will be promoting its solid expertise in oversized freig...

The renowned annual B2B event for the global cruise industry, Seatrade Cruise Global 2022 brings together more than 13,000 buyers and suppliers from 140 countries and 300 international journalists. Seatrade Cruise Global 2022 The three-day exhibition is the largest gathering of the cruise industry, hosting over 700 exhibiting companies from all sectors, including Design & Ship Interiors, Entertainment, Environmental & Health, Hotel Operations and Concessions, Information Technology, Po...

MSC will celebrate its 40th Anniversary in Spain in 2022. This history began on 2 May 1982 when the first offices were opened in Valencia and Barcelona, and today MSC Spain has over 600 staff dedicated to servicing the needs of its customers in the country.   To mark this historic moment, MSC Spain will host a series of events for people who have worked with the company over the years and who have contributed to its success and growth, including those in the local community. This...

The first comprehensive set of Marine Plans to guide development across England’s seas have been adopted and published. The publication of the North East, North West, South East and South West Marine Plans follows the adoption of the East Marine Plan in 2014 and the South Marine Plan in 2018. This means all of England’s seas – an area of approximately 230,000 square kilometres – a third larger than the total land area of England – are now covered by Marine Plans....

With an aim to broaden their coverage in the Indian Ocean region, CMA CGM is happy to announce the reinstatement of the company’s IO Feeder 3 service. As from early June 2022, a new fortnightly rotation will start as follows: Pointe des Galets – Port Louis – Tamatave – Pointe des Galets – Longoni – Pointe des Galets

Satcom Direct, the business aviation solutions provider, has announced that its FlightDeck Freedom® (FDF) flight deck communications platform has been selected as the default datalink system for in-production Gulfstream G500™, Gulfstream G600™, and Gulfstream G650ER™ aircraft with initial line-fits already completed. Operators of Gulfstream aircraft can now optimise the flexible FDF platform, which includes configurable features and monitoring of industry datalink complian...

Marine Resources (Marine Resources Recruitment Ltd) is pleased to announce that they have teamed up with Marcela de Kern of Onboard Monaco, with the aim to share industry knowledge, support with recruitment expertise and professionalise the Superyacht industry further. Author of the first textbook ever written about the superyacht industry, Marcela is the Founder of the Superyacht Industry-Forum, a platform to connect yachting professionals. She is currently developing Genoa Superyacht Hub and...

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, based in Yokohama, Japan, has completed a conceptual study for the design of an ‘Ammonia/Liquefied CO2 Carrier’, which is capable of transporting both ammonia and liquefied carbon dioxide (LCO2). The extensive study conducted with Mitsui O.S.K. Lines, Ltd. provides the basis for a type of vessel with the potential to become mainstream in the LCO2 carrier market, by flexibly meeting the projected increase in...

Thordon Bearings has signed a multi-vessel supply agreement for a range of water-lubricated and grease-free bearings for installation to several fleet boats under construction, at the FMT Shipyard & Repair facility in Louisiana, U.S.A. for workboat owner - Maritime Partners. Twelve twin-screw push boats are scheduled to be delivered from the Louisiana-based shipyard with equipment that includes RiverTough tailshaft bearings, ThorPlas-Blue rudder bearings with Pucker Seals, ThorPlas-Blue ste...

The creator of the world’s first liquid hydrogen bunkering facility for fuelling zero-emission ships, Unitrove, has won a UK Government grant to develop a unit ready for rapid deployment to ports around the world. Steven Lua, the Chief Executive Officer (CEO) - Unitrove Innovation, part of the Unitrove Group (Unitrove), said the £30,000 Transport Research and Innovation Grant (TRIG), awarded by the Department for Transport, in partnership with Connected Places Catapult, would be use...

Rob Jetten, the Dutch Minister of Climate and Energy, received the first certificate for green hydrogen, during a visit to North Sea Port in Terneuzen. These certificates facilitate the trade in hydrogen, as envisaged by HyXchange.   HyXchange contributes to the energy transition and the growth of sustainable energy, and the reduction of natural gas dependence in the Netherlands. HyXchange, Trading Platform  Trading in hydrogen will take place via the trading platform - HyXchange...

A strategic partnership with Maersk helped Coast Beacon expand their US footprint and optimise their supply chain at the same time. The US frozen fish and seafood industry is a multibillion-dollar industry, with 70% being imported. As shipments come in from all over the world, getting the frozen products to cold stores around the country quickly is the key to maintaining quality. Multiple cold stores For frozen seafood distributor Coast Beacon, exceptional customer experience is as important...

At Blue Water, they have been preparing for the transition from Aalborg to Aarhus for a long time. With their own terminals of more than 40,000 sq metres in Port of Aarhus, they are ready to continue the high-quality packing and handling of cargo to and from Greenland. In this way, the change will not affect the level of service for their customers. Receiving and handling cargo Blue Water is upgrading 6,000 sq metres terminal in Aarhus, making the facilities more efficient for receiving and h...