Finance - News

Kiilto, one of The Nordic countries’ renowned manufacturer of hygiene and cleaning products, pays great attention to limiting CO2 emissions in own production and from transports. With weekly transports from the factory in Assens, Denmark to the warehouse in Oslo, Norway, their solution called for optimisation of truck loads. Each truck was usually loaded with a maximum of 33 pallets, which took up the entire trailer floor. It was not possible to load pallets on top of each other, which le...

As TPM22 came to a close, our representatives had the newfound opportunity to network and engage in person at what is commonly regarded as the premier conference for the trans-Pacific and global container shipping and logistics community.   Meeting with existing customers and partners, and exploring new business opportunities, our specialists conducted one-to-one meetings to review how MSC’s solutions might be best adapted to answer their most immediate business needs.  St...

TradeLens announced the Costa Rican Customs Authority will integrate with their blockchain underpinned platform to review containerised shipment events and transportation documents, including bills of lading. Important information recorded within specific data fields in transportation documents will be used in risk assessments trials with TradeLens making trade easier for compliant companies doing business in the country while assisting in the identification of fraudulent activities. Access to...

CMA CGM continues to monitor the situation in Ukraine and the Black Sea region. The utmost priorities remain to protect the employees and ensure as much as possible the continuity of the supply chain. In the interest of safety, the Group has decided to suspend all bookings to and from Russia until further notice.  Update from Ukraine All the employees in Ukraine are reported safe and working from home. CMA CGM continues to ensure constant contact with them. It is also taking all necess...

Maersk appoints Aruna Hussain as Managing Director of Sealand – A Maersk Company, Europe & Med. effective 1 March 2022. Aruna started her career at Maersk in 2000 where she worked in Liner and Trade roles in Pakistan and the UK before moving to Damco in Pakistan. After several years with Maersk, Aruna left for Australia in 2010 and worked for a few years in the e-commerce and retail space as Supply Chain and Operations Director for Australia at the US-based e-tailer, Wayfair. In 2016...

The removal of all national coronavirus restrictions in Norway added to easier international travel, is set to deliver a long-awaited gathering point for top industry leaders at Nor-Shipping’s Ocean Leadership Conference on 4 April. The event, which kickstarts four days of networking, knowledge-sharing, and showcasing innovation at Nor-Shipping 2022, will bring together over 900 executives for the first major ‘post pandemic’ summit of C-level maritime heads. Organisers say tha...

Serco, the international provider of services to Governments and the company’s partner, Strömma Turism & Sjöfart AB (Stromma Group) have been awarded a new contract to continue to operate the Djurgårdsfärjerna in Stockholm, for a further four years. The contract is managed by the company, Djurgårdens Färjetrafik AB, which is jointly owned by Serco and Strömma Turism & Sjöfart AB. Contract for Stockholm’s Djurgårdsfärjerna...

The International Labour Organisation (ILO), International Maritime Organization (IMO), United Nations Conference on Trade and Development (UNCTAD) and the World Health Organization (WHO) have issued a joint statement asking stakeholders to take action to support the world’s 1.9 million seafarers from being unduly impacted by the ongoing COVID-19 pandemic and associated restrictions. The statement comes in the wake of the Omicron COVID-19 variant of concern (VOC), which has, once again, c...

In response to President Biden’s planned attack on ocean carriers during Tuesday’s State of the Union Address, the World Shipping Council released the following statement: “It is unfortunate that the President is demonizing ocean carriers, the industry that is the backbone of the U.S. and global economy and that has been working around the clock through the pandemic to move more cargo than at any time in history.” Container shipping industry “Allegations that the...

XTRAIM, which will be presented to the German public for the first time, is Thales Group’s (Thales) new weapon sight that offers day/night de-camouflage capabilities, which previously could only be achieved by using several separate pieces of equipment. XTRAIM is compatible with all shoulder-fired assault rifles and light machine guns, in order to provide users with an unparalleled precision night-firing capability. XTRAIM was designed in close collaboration with users, to guarantee that...

In response to President Biden’s planned attack on ocean carriers during the State of the Union Address, the World Shipping Council released the following statement: Unfortunately, the President is demonising ocean carriers, the industry that is the backbone of the U.S. and global economy and that has been working around the clock through the pandemic to move more cargo than at any time in history. Correcting the allegations  Allegations that the container shipping ind...

CULINES signed an order for 2*7,000TEU containership newbuildings with Shanghai Waigaoqiao Shipbuilding (CSSC SWS). A signing ceremony was held at CSSC SWS. Mr. Qi WANG (Chairman of CSSC SWS), Mr. Gang CHEN (GM at CSSC SWS), Mr. Aijun WU (GM of China Shipbuilding Trading), Mr. Yu Yang (GM at Asia & Pacific Department of China Shipbuilding Trading), Mr. Lingyi MENG (GM at China Classification Society Shanghai), Mr. Zhiyong LYU (President at Shanghai Merchant Ship Design & Research Instit...

Pacific International Lines (PIL) is pleased to announce the launch of two weekly direct services which is an enhancement to its China to East Africa service. This will allow its customers to enjoy stable and faster transit times to East Africa. The enhancement will see the current East Africa Service (EAS), which PIL operates independently, expanding into two service routes - with one serving Mombasa, called EAS, and the other serving Dar es Salaam, to be named as EA3. New EAS and EA3 ser...

Speaking at an industry event this morning in Belfast’s Titanic Hotel, the project director for the proposed 400MW North Channel Wind floating wind project Niamh Kenny said if it were to go ahead, the development could be a game changer for Northern Ireland. Floating wind turbines “We are investigating two sites in the North Channel halfway between Northern Ireland and Scotland for a series of new generation floating wind turbines,” Ms Kenny said. “The two sites would...

Swiss-based marine engine technology developer, WinGD - Winterthur Gas & Diesel Ltd has expanded its global training network, through a partnership with DCS POWER PTE LTD in Singapore, to deliver state-of-the-art training for optimising engine performance and preparing crews for the fuels of the future. The new training partnership, which was commemorated on the 22nd of February, will combine the skills and expertise of WinGD with those of machinery specialist DCS, further enhancing the glo...

Thales will be present at MWC Barcelona 2022 to showcase its key solutions that support the mobile industry’s digital transformation. 5G will count for 21% of mobile connections by 2025. This brings a huge opportunity for mobile operators, but also comes with new vulnerabilities and data privacy challenges.  Thales is helping actors and major players in the mobile industry in three key ways - To connect and manage devices on 5G networks, protect those devices and the data they handle...

The Nigerian Maritime Administration and Safety Agency (NIMASA), has renewed its Memorandum of Understanding (MoU), with the World Maritime University, (WMU) Malmo, Sweden. The move is aimed at enhancing capacity development; to grow the Nigerian maritime sector. Aim of the MoU Speaking shortly after the signing of the MoU virtually, the Director-General of the Agency, Dr. Bashir Jamoh noted that there is no substitute for education. “The collaboration with the World Maritime University...

On February 20th, 2022, Fifteen 40HQ containers of cargoes, which were mainly chemical raw materials, traveling by rail from Zhuzhou, Hunan were loaded onto the CULINES vessel - AS FLORA at Mawan Container Terminal (MCT) in the west area of Port of Shekou for their destination Port of Cat Lai in Ho Chi Minh. This maiden voyage shipping export cargoes with railway containers marked the new development of CULINES one-stop rail-sea intermodal transport. Combined transport solution CULINES rail-s...

Right at the start of the year, MSC successfully orchestrated a number of complex shipping and inland moves to help healthcare organisations in the US receive critically needed medical equipment in record times from Japan. This shipment — containing more than 14 million blood collection devices travelling between two continents and across three countries — had to be safely delivered in record times because the devices are considered critical to healthcare in the US. Nearly all peopl...

As the countdown begins for the seventh edition of the Doha International Maritime Defence Exhibition and Conference (DIMDEX), the Organising Committee provided an update on the preparations and an overview of the event, at a diplomat briefing session, at Sharq Village and Spa, on February 21, 2022. One of the most awaited events on the international maritime defence and security calendar, DIMDEX 2022 is shaping up to be the biggest and most diverse edition ever, with more than 200 companies fr...

St. Petersburg, fully operational as of this week, the new AE66 service links Korea, Japan, and China to the Kaliningrad Region in Russia, the Baltic countries, and Poland through Trans-Siberian. The new Sea-Rail-Sea service runs west-bound fortnightly departing from the seaport of Vostochniy in Russia Far East (at the Pacific to Kaliningrad on the Baltic sea, with robust outlooks for further expansion. Current logistics woes Transit times of the new regular service are significantly reduced...

Following the bidding process, CMA Terminals, a fully-owned subsidiary of the CMA CGM Group, a provider of shipping and logistics, has been chosen to manage, operate and maintain the Port of Beirut’s container terminal for a 10-year period starting in March 2022. The CMA CGM Group, which already has a strong presence in Lebanon, currently accounts for almost 55% of the container terminal’s volumes, since it has maintained its nine weekly calls and transshipment operations there. Co...

Wrist, the world’s largest supplier of provisions, stores and spare parts logistics to ships and offshore locations, acquires Centralam Panama, a recognised ship chandler based at the Pacific side of the Panama Canal. With the acquisition, Wrist is expanding its global reach and securing a foothold at one of the world’s most important maritime crossroads while at the same time enhancing Centralam Panama’s market position. In acquiring Centralam Panama, Wrist is expanding its...

The Confidential Human Incident Reporting Programme (CHIRP Maritime) has provided an independent and confidential safety reporting system for incidents, accidents, and near misses at sea to seafarers worldwide since 2013. Raising awareness, improving safety Reports are received directly from seafarers and analysis is published on CHIRP's website and in its Maritime FEEDBACK paper publication in the languages most spoken by seafarers (English, Chinese, Filipino, Indonesian, and sever...

Globally renowned and Tokyo-leading Classification Society, ClassNK will calculate the CO2 emissions from the ships to be financed under the Sustainability-Linked Loan, provided by ORIX Corporation (ORIX). The ship finance agreement signed between ORIX and a ship owner in Hong Kong is the sustainability-linked loan. ClassNK – ORIX Finance Deal ClassNK will calculate the CO2 emissions of the vessels, to ensure objectivity and fairness of the loan framework A standard value is set for th...

Ship owners, operators and managers responding to an environmental survey, carried out by Canadian-based McMaster University’s DeGroote School of Business, have acknowledged the need to reduce operational oil leakage from propeller shafts, but a lack of understanding about cleaner alternatives is preventing any meaningful technological change. Environmental survey Researchers questioned more than 1000 marine industry professionals in 2021, in order to better understand why the majority o...

ABB has been awarded a contract worth around US$ 30 million by the Canadian data and analytics company - EarthDaily Analytics (EDA), to develop and manufacture next-generation multispectral imaging systems, which are to be placed on 10 satellites (including an in-orbit spare) that will circle the Earth. The order was booked in the first quarter of 2022. Multispectral imaging systems Multispectral imaging systems capture data at specific light frequencies across a wide spectrum, and the EarthDa...

With CMA CGM’s SMART reefer container, people can track the position and status of their refrigerated goods and ensure that they are being transported in optimal conditions. The SMART reefer container, supply chain management is facilitated through an intuitive online interface that is updated in real time. This enables them to be more proactive at every step of the transport process. SMART reefer containers CMA CGM’s SMART reefer containers are equipped with state-of-the-art Emer...

MSC CEO Soren Toft joined Head of States and CEOs of other major container lines to discuss ocean protection and the importance of decarbonising shipping at the One Ocean Summit, a global summit dedicated to the protection of the oceans organised by French President Emmanuel Macron. “At MSC, our heritage is the sea, our present is the sea, and our future is the sea,” Soren said. Net decarbonisation by 2050 During his speech, he focused on MSC’s commitment to achieving net de...

The market for Inventech Marine Solutions patrol boats has been pretty steady. That’s especially true in Florida where “we’ve done a lot in the state and it continues to grow,” said Jenson Charnell, President of the Bremerton, Wash., boatyard. Popular Inventech aluminum patrol boats are the 31 and 33 full-cabin models. The enclosed cabins offer protection “so it’s a versatile platform that can go throughout the year,” Charnell said. "The bow c...