Finance - News
Neste has been selected in the Dow Jones Sustainability Indices (DJSI) for the 15th consecutive year. Neste is included in both DJSI World and DJSI Europe listing, among the most sustainable companies in the world. Neste’s performance received the industry’s best scores in materiality and environmental and social reporting, contributing to the company’s inclusion among the top performers. Ambitious climate commitments “The recognition in the Dow Jones Sustainability In...
Water and a piece of the iceberg from Greenland were part of the exhibition at the UN’s climate summit in Glasgow. But how to move this gigantic iceberg piece over a 2,500 kilometres sea distance? Through network, Blue Water was contacted with an inquiry about this unusual task that need to be solved within a narrow time frame. Shipping the ice Several operators were already contacted but none were willing to undertake the demanding job. It concerned a piece of the iceberg from Narsaq i...
Wan Hai Lines Ltd. is pleased to announce its plan to expand its existing service network between China to Southeast Asia, by launching a new weekly service from Central China to Cambodia & Thailand, on 1st December 2020. China to Cambodia/Thailand (CT5) Service The China to Cambodia/Thailand Service, named CT5 will be operated with 3 vessels, with an intake of 1,200 TEU. Wan Hai Lines will deploy 1 vessel, while its partners - Yang Ming Lines and Sealand Maersk Asia will operate the two v...
Global Survival Technology solutions company, Survitec has completed the acquisition of Blue Anchor Fire & Safety Ltd, one of Scotland’s major providers of survival solutions providers to the fisheries, maritime and offshore energy industries. The investment, part of Survitec’s expansion strategy, follows the acquisition in May of Norway’s Hansen Protection, a renowned provider of personal protective equipment. Acquisition of Blue Anchor Fire & Safety Ltd Baba Devani...
Cammell Laird has welcomed two new apprentices to its growing finance department. New apprentices Jae Swift and Sophie Rice join Lewis Nutall and Alexandra Saunders, who started their apprenticeship in the finance team earlier this year. The apprentices are studying for their Association of Accounting Technicians (AAT) across NVQ Levels 2 and 3. Biggest in the UK maritime industry Cammell Laird has recruited 46 apprentices over the last year alone Cammell Laird Shiprepairers and Shipbuilders...
An exceptional operation was carried out in the Aabenraa Inlet. In a planned operation, a large semi-submersible freighter slowly submerged to prepare for the float-off of 'Magnor', the world’s biggest backhoe dredger. The purpose-built freighter is constructed for this specific type of assignment and can carry vessels that are unable to manoeuvre under their power. Float-off operation For performing the float-off operation, the semi-submersible vessel ballasted to submerge its ce...
Satcom Direct (SD), the business aviation solutions provider, has inked a preferred supplier agreement with Slovenia-headquartered aviation services company - Elit’Avia. Voice, data, connectivity, and flight deck communication functionality, along with customer support and training, is now enabling Elit’Avia to optimise the full range of SD connectivity services for its mixed fleet. Demonstrating the value of the SD Xperience portfolio, which enables customisation of bundled p...
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rate increases. The rise in freight rates According to the Xeneta Shipping Index (XSI®) Public Indices, long-term rates recorded their tenth consecutive month-on-month rise in October, climbing by 2.2%. The indices stand at a colossal 93.1% up year-on-year, with little hope of relief on the horizon for embattled shipper...
The Seafarers’ Charity - a provider of grants and support to the maritime community - has received funding for a pilot project to develop safety management onboard fishing vessels to the standard of the Fishing Safety Management Code. The new service is called Fishing First Safety Management by SafetyFolder and aims to improve safety in the UK fishing fleet and, at the same time, increase supply chain transparency. Auditable safety standard The Seafarers’ Charity’s Chief Exe...
Swedish freight technology company Einride and GE Appliances, a Haier company announced a partnership for the implementation of electric and autonomous transport at scale. It will be the first time in history an autonomous and electric truck is live and operating on U.S. soil. The partnership will represent Einride’s first installation with its renowned Pods in the U.S., which will operate on GE Appliances’ 750-acre Appliance Park campus in Louisville, Kentucky. The new fleet s...
A.P. Moller - Maersk has announced the signing of a global end-to-end logistics agreement with Danish Crown from 2021. The three-year end-to-end agreement covers all Danish Crown’s business units, delivering solutions on ocean services, inland logistics and cold chain logistics. Access to the digital supply chain platform, Tradelens, which is underpinned by blockchain technology, is also a core part of the agreement between A.P. Moller - Maersk and Danish Crown. A.P. Moller - M...
Maersk Growth, the corporate venture arm of A.P. Moller - Maersk, invests in Vertoro – a Dutch start-up focused on developing liquid lignin technology which can be used as a marine fuel. Maersk’s investment will be used to further develop and commercialise Vertoro’s patented liquid lignin technology, and it will enable Vertoro to build a demo plant, which will become operational in 2022. The output of this plant will be used to develop marine fuels in partnership wit...
Neste recently conducted a life cycle assessment (LCA) study on the environmental impacts of the usage of its 100% renewable feedstock, Neste RE™. It shows a greenhouse gas (GHG) emission reduction of more than 85% over the life cycle when Neste RE was used to replace conventional fossil feedstock in the chemical and polymers industry. The study thereby confirms the results from earlier studies on Neste’s feedstock for the polymers industry. LCA Study follows a 'cradle-to-gat...
As the travel industry continues to bounce back, the Swedish travel technology firm Sembo has just secured a $12m (approx €10.3m/104mSEK) investment from its parent company Stena Line. Sembo is now embarking on an ambitious expansion plan. The funds are to be used to support the recruitment of some of the sharpest software developers available in order to speed up the first phase of the company´s international expansion. With the vast majority of travelers now planning and booking th...
Maersk is donating the services of its Special Project Logistics (SPL) unit and charging a symbolic nominal freight cost of $1 per 40’ container for urgently needed medical supplies to be distributed to medical facilities in India in response to COVID-19 related shortages. "Several donors and organisations had donated supplies worth millions of dollars; however, they all were struggling with the shipment process disrupted by Covid. We thank Maersk and the Government of India profusely f...
Currently, women represent only two per cent of the maritime industry, while only eight percent of employees in engineering are women. This is in stark contrast to the UK workforce as a whole, of which women make up 47%. For many women, entering a sector that’s perceived as a ‘boy’s club’ isn’t always appealing. If a sector looks unwelcoming to women from the outside, it’s unlikely to attract female employees in any role. But this means these workers are pote...
Inmarsat, the pioneer in global, mobile satellite communications, publishes a new report pinpointing the impact of COVID-19 in accelerating global shipping’s digital journey. Written by maritime innovation consultancy Thetius and sponsored by the Inmarsat Research Programme, ‘A Changed World: The state of digital transformation in a post-COVID-19 maritime industry’ captures a sector fast-tracking IoT-based solutions from November 2019. It characterises COVID-19 as a 'univers...
MAN Energy Solutions has signed a cooperation agreement with DP World (Drydocks World), the globally renowned provider of smart logistics solutions. Effective immediately, the agreement targets common progress in the field of decarbonisation and is scheduled to run for five years, with an option to extend thereafter. Wayne Jones OBE – Chief Sales Officer, and Gaby Hanna – Senior Vice President and Head of Region – Middle East & Africa, acted as signatories for MAN...
The UK government has selected eight new freeports in England, as a means to boost trade, jobs and investment, across the country. The special taxation and customs rules for the freeports will help businesses develop new facilities and operations, to trade and manufacture goods more cost-effectively, countering the effects of other complications, such as Brexit and COVID-19 pandemic. Early deliverability of opportunities for new businesses is the key, with Solent Gateway Ltd, at Marchwood...
Following the launch of Neste MY Renewable Diesel™ on the Belgian market in July 2021, Neste has entered a partnership with Q8 to offer the product on seven Q8 stations during the year. Neste MY Renewable Diesel is a premium diesel made entirely from renewable raw materials. It helps reduce greenhouse gas (GHG) emissions by up to 90% when emissions over the fuel's life cycle are compared with fossil diesel. Renewable diesel is a “drop-in” fuel, fully compatible with all d...
Roughly half of the customers, who know that Maersk besides shipping containers across the oceans, also has a comprehensive inland offering, where they can transport the goods via train or truck. Customers know the numbers by heart: that Maersk yearly does upwards of five million inland transports for more than 25,000 customers, including the world’s largest and most recognised brands. And that we do it in 150 countries across the entire globe. Fewer brokers, less hassle Customers are...
The Seafarers’ Charity has worked with Seafish, The Money Charity and other stakeholders to develop a new training course on money management for new entrants to fishing. The training will set new recruits on the right financial path and enable an understanding of how to manage fluctuations in income, the complexities of budgeting and making credit choices as well as the range of free resources which can help with money management. The charity’s ‘Fishing Without A Safety Net&...
This acquisition strengthens A.P. Moller - Maersk’s e-commerce Logistics products suite in line with its strategic business transformation. "With B2C Europe, we are closing the circle around our e-commerce logistics expansion. Our logistics product line-up growth continues to support our long-term plans to help customers sell through any sales channel, deliver in any way, and manage their supply chains seamlessly." "This year, by adding Visible SCM, HUUB and now B2C Europe´s capabi...
Xeneta’s Long-Term XSI Public Indices has revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August 2021 and an unprecedented 28.1% jump in July 2021, leaving rates now standing 91.5% up year-on-year. What’s more, Oslo-based Xeneta reports there is little evidence to suggest a weakening of market fundamentals – meaning there could be more pain in store for shippers, with...
Maersk Kanoo, UAE (part of A.P. Moller - Maersk) has partnered with Danish Pavilion for Expo 2020 Dubai that opens its gates next month. Maersk will be present at the Danish Pavilion, throughout the six months of Expo 2020 Dubai, to welcome and interact with the visiting customers, and businesses that are curious to know more on how Maersk transports goods around the world. Expo 2020 Dubai Expo 2020 Dubai revolves around three key themes – mobility, sustainability and opportunity. Maersk...
Wrsit's logistics branch in Copenhagen has launched its new and groundbreaking forwarding platform. It is based on the latest within Cloud Technology, setting new standards for the future of forwarding business in Wrist. The online portal is developed to meet the current and future needs of customers, supporting the demand for a higher level of digitalisation. Automatic real-time tracking and complete transparency Log on to Wrist's logistics customer portal, where users can follow orders with...
From the 2023 season onwards, cruise ships will be able to call at the Port of Aarhus, connect to shore power and keep their engines running on electricity while the ship is docked in the Port. This will eliminate pollution from ships while they are stationed in Aarhus. The decision to invest in a shore power facility should be seen as part of the Port of Aarhus’ wider sustainability strategy which aims to make the Port the most sustainable in the Baltic Region. Attracting shipping compa...
CMA CGM has advised that in order to recover schedule reliability on SAFRAN service, connecting Europe with East Coast South America, the Le Havre call suspension will be extended for a further eight-week period. Le Havre call suspension extended The service change is effective m/v CAP SAN AUGUSTIN voy. 0EWAHS1MA, starting her rotation in Rotterdam ETS, on October 20th, 2021. SAFRAN's rotation will be temporarily adjusted as follows: Rotterdam (Thu/Fri) - London Gateway (Sat/Sat) - Hamburg (...
Globally renowned container logistics company, A.P. Moller - Maersk (Maersk) signed an agreement, on Monday, September 27, 2021, to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC), which is headquartered in Shenzhen, China and listed on the Shenzhen Stock Exchange, and Hong Kong Stock Exchange. Maersk Container Industry (MCI) will become part of a market renowned company in the container equipment industry. CIMC will take over...
Stena Line is to continue its expansion on the Baltic Sea during 2022, increasing both freight- and passenger capacity. The Swedish family-owned ferry company announces that they will deploy their two new 240-metre-long fuel-efficient E-Flexer ferries, on the Nynäshamn-Ventspils in 2022. Stena Line also announces plans to increase the capacity on the Karlskrona-Gdynia route with the deployment of the two large and modern ferries Stena Scandica and Stena Baltica. Freight and passenger capa...