Finance - News

CMA CGM is pleased to announce the launch of the NEW TIKAL 2, a complementary service to the current NEW TIKAL, offering optimised connections from/to West Coast Central America. NEW TIKAL 2 service With this new loop, CMA CGM becomes a vessel operator on the trade and enhances their allocation to match customers’ strong demand from/to Acajutla and Puerto Quetzal. The service is scheduled to start in January 2022. The NEW TIKAL 2 service’s main features will be the following: F...

Orbital, the renewable energy company focused on the development and global deployment of its pioneering floating turbine technology, confirms that it will qualify multiple applications for submission into the UK Government’s Allocation Round 4 (AR4) of the Contracts for Difference (CfD) scheme. Following a series of good news stories for tidal energy commercialisation in 2021, the company now has a credible course to delivering multi-device projects in locations across the UK as early as...

 FESCO Transportation Group (FESCO) has welcomed another container ship, FS Ipanema to its fleet, as part of its fleet renewal programme. The vessel will continue to operate on the line between the ports of the United States of America (USA) and Venezuela, under the current contract. FS Ipanema container ship The length of the container ship is 179.7 metres, the width is 27.6 metres, the deadweight is 25,902 tonnes and with the capacity of 1794 TEU. The container ship’s crew consi...

One of the key lessons learnt during the COVID-19 pandemic and its aftermath, is that there is a need for increased resilience in supply chains. A survey conducted by the Business Continuity Institute showed that of the 526 responders across 64 countries, 34% of organisations reported an increased annual cost of €1 million or above, caused by supply chain disruptions. Ever-changing challenges make it difficult and expensive for customers to have a global setup that is capable of monitoring...

Norwegian davit supplier, Vestdavit has achieved record sales in 2021, as it focuses on continuous product innovation, in order to boost orders in both core and new markets. The company is on course for group-wide sales of more than Nkr 200 million (US$ 22 million) in 2021, a 20% increase on 2020, to ensure a solid profit for the year and its fabrication facility in Poland is currently working at full capacity, according to the Managing Director of Vestdavit, Rolf Andreas Wigand. He said &ldqu...

​The Assembly of the International Maritime Organization (IMO) has elected the members of its Council for the 2022-2023 biennium. IMO Council members elected The Council is the executive organ of the IMO and is responsible, under the Assembly, for supervising the work of the organisation. Between sessions of the Assembly, the Council performs the functions of the Assembly, except that of making recommendations to Governments on maritime safety and pollution prevention. The Assembly of the Int...

It has been decided to grant full financial support of 272 million Danish Krones (36,5 million EUR) to CO2 storage in the oil fields of the North Sea by the Danish Ministry of Climate, Energy, and Utilities. In December 2020, several Danish political parties settled a North Sea agreement, which was effected to develop and carry out CO2 storage in the North Sea. Green transition Until recently, it was uncertain which parts of the project would get financial support from the political side as s...

FESCO Transportation Group (FESCO) is expanding the geography of transit routes and is launching a regular intermodal container service, FESCO West Gate Bridge, from countries of the Asia-Pacific region to ports of Europe, via Vladivostok and Kaliningrad in Russia. FESCO West Gate Bridge service The new service, FESCO West Gate Bridge, includes marine shipment by regular FESCO lines, from the Asia-Pacific region to the Commercial Port of Vladivostok (CPV, part of the FESCO Group), then by a re...

A.P. Moller - Maersk (Maersk) has introduced the design of their eight ground-breaking and industry-renowned 16,000 TEU container vessels, powered by carbon-neutral methanol. When designing these, the company’s ambition was to make sure the new vessels could service their customers in a smarter way, while contributing to their carbon-neutral transportation goals. Carbon-neutral transportation Unique to the industry, this design allows a 20% improved energy efficiency per transported con...

What is the ocean’s role in the low-carbon future? The World Ocean Council’s (WCO) Chief Executive Officer (CEO), Paul Holthus discussed the confluence of energy, climate and biodiversity in the oceans, at the 4th edition of the Transition Forum (2021 Transition Forum). Transition Forum The Transition Forum partner event brings together the public and private sectors, in order to speed the global transition to a low-carbon future.

The ocean covers 71% of the Earth’s surface, hosts a major portion of the planet’s biodiversity, provides the world with food, energy, transport, and recreation, as well as playing a vital role in regulating the water and carbon cycles, while producing half the oxygen we breathe. ‘Blue economy’ The global ‘blue economy’ contributes US$ 2.5 trillion a year in economic output (equivalent to world’s seventh-largest by GDP) and is expected to expand at twi...

The World Ocean Council (WOC) is thrilled to partner with the US$ 100 million XPRIZE Carbon Removal team, on a webinar for ocean entrepreneurs. Funded by the Musk Foundation, the XPRIZE Carbon Removal Prize is a global US$ 100-million competition, aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth’s carbon cycle. XPRIZE WOC Webinar on Ocean CO2 Removal The XPRIZE WOC Webinar on Ocean CO2 Removal will brief participants on the US$ 100 mil...

At Maersk they are making a dedicated effort to alleviate pains in the customers’ supply chain, providing visibility, clarity and predictability where they can. One such effort is ensuring that customers can plan their supply chain with ease and accurate data. Industry digitalisation is key to building more sustainable supply chains, bringing with it the opportunity to react quickly to the market, as well as new events and changes in the transport plan. Accurate transit times Seeing whe...

Many shipping companies already have the tools needed to be a part of the solution for sustainable ocean use. The Seabed 2030 project aims to create a complete map of the world ocean floor by 2030, using equipment commonly available on marine vessels. WOC’s Seabed 2030 As a core partner of Seabed 2030, the World Ocean Council (WOC) is hosting workshops about the project, which aligns with the WOC’s SMART Ocean-SMART Industries (SO-SI) programme. SO-SI’s mission is to ensure i...

A brand-new transport solution from Narvik in Northern Norway will ensure fresher fish for all of Europe. Accompanied by Norwegian CargoNet and Nor-log Thermo, Blue Water Shipping has tailored a solution shortening the transport time by up to 40%. This Sunday, the first train arrived at Padborg’s cargo transport terminal. After unloading of the train, the trailers were transported to Blue Water’s reefer terminal, which is neighbouring to the cargo terminal in Padborg. Blue Water han...

Maritime UK has announced launching the Version 5 of the Industry Code of Practice for Maritime Autonomous Ship Systems on December 6, 2021. The accelerating pace of change in maritime autonomy has required updated guidance for those owning and operating Maritime Autonomous Ship Systems (MASS). While not a legal text, the Industry Code of Practice has been used by manufacturers, service providers, and others, as part of their day-to-day work. Many manufacturers have reported clients requiring c...

VANOS S.A. is pleased to announce that they participated in the DEFEA 2021 - Defence Exhibition Athens event, which took place from July 13 to July 15, 2021. VANOS S.A. presented their latest technological developments in tactical equipment, as well as security, communication and detection systems, to 63 official military and government delegations, from 21 countries, in addition to the thousands of visitors, at the DEFEA 2021 exhibition. DEFEA 2021 exhibition With the exhibition having come...

A raft of respected business leaders, ocean experts and key industry stakeholders have been revealed, as participants in the unique Blue Talks programme at the Nor-Shipping 2022 exhibition. Nor-Shipping 2022 Scheduled to take place from April 4 to April 7, 2022, the Blue Talks at Nor-Shipping 2022 event will complement Nor-Shipping’s main theme of taking positive #ACTION within the ocean space, with hour-long sessions dedicated to the future strategies, solutions and technologies capable...

Borchard Lines Ltd-owned Palletwide containers offer door-door savings, for a wide range of export industries. Palletwide containers With increasing haulage issues within continental Europe and the Mediterranean regions, the over 20% saving on door-door costs, offered by Palletwide containers, is amplified by the need to decrease the number of land-side moves. Environmentally, the benefits are clear, along with punctual, door-door services providing all-round savings.

In the year to 1st December 2020, Borchard Lines’ schedule reliability continues to show strong results, averaging over 93% on-time, consistent overall quarters.  Using the same methodology, this is in contrast to the global shipping trend, which as was recently noted:- “Global schedule reliability of container shipping fell to just 56 percent in September, with the on-time performance of Asia shipments to the US West and East coasts slipping below 50 percent. According to data...

In the period 1st January to 31st May 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 95-100% on-time, consistent over both quarters. In the period 1st January to 31st May 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 95%-100% on time, consistent over both quarters. This is in comparison to a global industry average of 40.3% (March 2021 figures). Missing the window The cons...

In the period 1st January to 30th September 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 86-100% on-time, consistent over all three quarters. UK ports remain a particular challenge. In the period 1st January to 30th September 2021, Borchard Lines’ schedule reliability has remained at its high levels, averaging between 86%-100% on time, consistent over both quarters. This is in comparison to a global industry average of 35.8% (December...

To create great products means to listen, understand and rebuild constantly. In the current global market situation, affected by the COVID-19 pandemic and the severe capacity disruptions, the biggest challenge for A.P. Moller – Maersk’s (Maersk) customers was to acquire the right agility and resilience in their supply chain. While talking to the customers, a key learning was that more clarity was needed on the kind of contracts and products that they were purchasing with Maersk. Whi...

SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent as announced on August 3, 2021. FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 kilometres from Arraial do Cabo, Rio de Janeiro state. Fast4Ward® program Mero is a...

BAE Systems, a globally renowned company in electric propulsion, successfully installed its zero-emission propulsion system in the first U.S. hydrogen fuel cell powered marine vessel, the Sea Change. BAE Systems provided its HybriGen Power and Propulsion solution to Zero Emission Industries for integration on the Sea Change vessel that will operate in the San Francisco Bay Area. The Sea Change project is funded and owned by SWITCH Maritime, an impact investment firm building the first fleet of...

Headquartered in Kolding, Denmark, Tricon produces control panels and electronics for the global market. This calls for wide-ranging and skilled logistics solutions. Currently, Blue Water handles all Tricon’s cross-border shipments to and from Kolding, the company’s factory in Hungary and the rest of the world. Good sparring partner “The employees of Blue Water are always quick to assist if we have questions or challenges," says Director of Tricon, Kenneth Lund, adding ...

The OECS region’s coastal and marine environment is pivotal to the advancement of the region’s sustainable development agenda as well as to the ecological sustainability and holistic development of its Member States.  Although the Blue Economy in the region is fairly nascent and requires a major boost to realise its transformative promises, there is momentum and gradual growth in understanding of the potential of the Blue Economy to position the region to realise its aspiration...

For the first time after the COVID-19 breakout, Blue Water’s Aid & Development Logistics team gathered with a large number of NGOs, the UN, and many of their suppliers for the annual AidEx event and conference in Brussels, Belgium. At the event, government bodies meet with the private sector and the many other professionals working to help the most vulnerable of this world. This year, AidEx could celebrate its tenth jubilee. Sustainability Blue Water was part of the Danish Pavilion....

MetOcean Telematics is pleased to announce the official release of the STOKES Iridium tracking drifter. It is available for purchase. The STOKES drifter was designed and tested in technical partnership with Florida State University (FSU). STOKES drifter The STOKES drifter is a compact drifting buoy that tracks water currents at the surface. The small lightweight buoy is equipped with Iridium satellite telemetry, GPS positioning, and a sea surface temperature sensor. Iridium satellite telemet...

MetOcean Telematics is pleased to announce it will be exhibiting at the International WorkBoat Show in New Orleans, LA from December 1-3, 2021. The International WorkBoat Show is a trade-only conference and expo for commercial vessel owners, operators, and builders as well as the vendors and suppliers that serve them. International WorkBoat Show MetOcean is looking forward to connecting with partners and attendees in the industry and showcasing the latest MetOcean systems and Iridium products...