Finance - News
The biggest lesson over the past year is that curveballs can come from anywhere and disrupt even the best-laid plans. Global logistics has to evolve and become more agile to swing more effectively. Smart digitalisation can help build resilience, increase end-to-end visibility and ultimately optimise global supply chains. Technological innovations allow logistics to not only move business, but to shape it. When done right, it enables new solutions that elevate opportunities and make logistics...
The recent decision by the OCIMF Executive Committee to separate Submitting Company rights from OCIMF membership status necessitated the creation of a new set of requirements for becoming a Submitting Company. This is to ensure that OCIMF maintains sufficient governance control over its programmes. The attached document sets out the criteria for a company to be considered for approval as a Submitting Company in SIRE, BIRE and OVID. It also sets out the requirements which all new and existing Su...
The Liza Unity FPSO started its voyage to Guyana, having departed from the Keppel shipyard in Singapore. The FPSO is expected to arrive in Guyana in late 2021. Once the FPSO arrives at the Liza field in Guyanese waters, she will be hooked up to the seabed, which will then be followed by the installation of umbilicals and risers, allowing the next phase of operations to start. Liza Unity FPSO The Liza Unity FPSO has also been awarded the SUSTAIN-1 notation by ABS, the Classification Soci...
Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners announces that it has entered into an agreement for the construction of three high-specification latest generation 85,000 dwt ECO-type Kamsarmax vessels, which will be constructed at a first-class Chinese yard. Propulsion system The vessels will be equipped with the latest and most efficient propulsion system, contributing to significant improvements in fuel consumption and emissions performance. The vessel...
New study from maritime professional services organisation points to potential future supply chain upheaval, from energy transition uncertainty, with leaders calling for ambition to be turned into immediate action. Leaders from across the global supply chain are calling for immediate action on maritime decarbonisation, if a successful energy transition to zero-carbon supply chains is to be achieved. Call for action on maritime decarbonisation Drawing views from leaders across the global suppl...
Pak Elektron Limited (also known as PEL), Pakistan’s local manufacturing giant of major home appliances and electrical equipment, is a top household brand and has been operating for more than 7 decades in the country. Competing with global companies, PEL is constantly looking for pockets of opportunities to optimise its operations while keeping an eye on the philosophy of innovation and advancement. Challenges in global supply chains PEL had to handle huge import volumes with multiple...
Kongsberg Digital (Kongsberg) and Shell International Exploration & Production (Shell Marine) have announced that they have entered into a strategic partnership agreement. Hege Skryseth, President of Kongsberg Digital and Executive Vice President (EVP) at Kongsberg, said “We are very excited to enter into this new strategic partnership agreement with Shell International and enable the digital transformation of their Wells business unit.” Digital transformation Hege Skryseth ad...
When Asbjørn Lauritsen started as trainee at Blue Water Esbjerg in 2014, he had a distant dream of getting to live and work abroad. However, the dream turned out to become a reality within few years for the young talent. Asbjørn finished his traineeship in 2016 after which he was employed in the Energy & Projects division where he worked a couple of years before a new door opened: stationing at Baku, the capital of Azerbaijan. Here, he assisted the Blue Water Baku office with...
As a globally renowned company in shipping and logistics, Mediterranean Shipping Company (MSC) is constantly developing its service offering, through investments in cargo-related business activities worldwide. MSC is pleased to announce the launch of a new, direct rail service, connecting Trieste, in Italy and Ludwigshafen, in Germany, which will be available from September 10, 2021. This new rail service is designed to improve rail capacity and reduce transit time between Turkey and Germany, t...
A.P. Moller - Maersk has on 2nd September finalised the acquisition of KGH Customs Services, a pan-European customs services provider, further strengthening its capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its global customers. Authority comments “I am very pleased that we can now officially welcome KGH into the Maersk family,” says Karsten Kildahl, Regional Managing Director of Maersk in Europe. “The integration p...
Neste has signed a renewable power purchase agreement with Statkraft, Europe’s largest producer of renewable energy. Statkraft will begin the wind power deliveries to Neste’s Porvoo refinery in Finland in mid-2022. Neste is committed to combat climate change and reduce climate emissions both globally and locally. To support this, the company has two climate commitments. The signed agreement supports Neste’s commitment to reduce the carbon footprint of its production and to rea...
Mediterranean Shipping Company (MSC), a globally renowned transportation and logistics company, welcomes initiatives, such as Belgium’s efforts to vaccinate all seafarers, who visit Belgian ports. Antwerp is a strategic location for MSC and seafarers on many MSC ships will now be able to take advantage of the programme. COVID-19 vaccination campaign Following a successful COVID-19 vaccination campaign, which was aimed at Belgian seafarers, Belgium is now extending its vaccination program...
BWS' good customer - Danish Crown entrusted them with a very important assignment for the Tokyo 2020 Summer Olympics, which had been postponed until 23 July 2021, due to the global COVID-19 pandemic. Its scope was to transport a classic Danish hot dog stand from the Royal Danish Embassy in Beijing, China to the Royal Danish Embassy in Tokyo, Japan. Timely delivery “The hot dog stand was transported by sea. Despite the hectic market situation as well as more stringent customs and v...
Shabnum Hanif, Ocean Infinity’s Offshore Business Line Director discusses how Digital Twin technology can enhance offshore Inspection, Maintenance and Repair (IMR). It’s become commonplace to see more and more digital visualisation tools being used in many industries. The term Artificial Intelligence (AI) itself is almost used in the vocabulary, as much as ‘milk and two sugars’. Thinking about all these newly available technologies (from robot dogs to driverless cars), f...
MAN Energy Solutions has announced that its MAN B&W ME-GA engine – the latest addition to its dual-fuel portfolio – has landed 40 orders since its market unveiling in March 2021. The company attributes the order surge to the market’s demand for the latest generation of Otto-cycle, two-stroke engines and the low levels of methane slip it can unlock. Authority Comments Bjarne Foldager, Senior Vice President and Head of Two-Stroke Business, MAN Energy Solutions,...
Maersk. has appointed Mohit Bhatia as Senior Vice President and Head of Maersk Global Service Centres (GSC) effective 1st August 2021. Mohit previously held the position of Joint Managing Director, Maersk GSC, with responsibility for Finance before taking over the overall leadership including commercial and operations functions. Experience An industry stalwart, Mohit brings strong expertise of over 30 years in transforming and managing large companies across IT, banking and food & snackin...
Five months after the launch of MSC eBL, Mediterranean Shipping Company (MSC) will be taking to the stage at the Swiss Supply Chain & Logistics Conference 2021 (SCLC) to explain what this digital solution means for customers and the industry. Held in Geneva, the home of MSC’s headquarters, the Swiss Supply Chain & Logistics Conference (SCLC) is expected to attract around 150 participants and feature more than 30 speakers. Swiss Supply Chain & Logistics Conference The aim of...
Ocean Infinity, the marine robotics company, is excited to announce that it has acquired marine geo-technics expert company, Geowynd. Based in the United Kingdom and serving clients all over Europe, Geowynd’s team of geo-technical engineers provide consultancy services, to aid the safe and optimal development of offshore renewable energy projects. Geo-technical analysis services major Geowynd’s market renowned geo-technical analysis services include developing smart site investiga...
MetOcean Telematics (MetOcean) is pleased to announce the acquisition of Orolia’s OmniCom vessel management systems (VMS) and fleet management solutions (FMS). OmniCom is the next generation of trusted real-time fleet management technology designed to provide constant connectivity to customers, businesses, vessels, and crew while at sea. The acquisition includes the complete portfolio of OmniCom Global and OmniCom Vessel Monitoring System (VMS). OmniCom’s range of products OmniCom...
Continuing the strengthening and expansion of its services in the Baltic Sea, the Swedish ferry company - Stena Line is deploying two new large and modern ferries on the route between Ventspils in Latvia and Nynäshamn in Sweden in 2021. The first of the two vessels, Stena Scandica, arrived in the port of Nynäshamn in the morning of 27 July, 2021, when it completed its overnight maiden voyage from Ventspils. The vessel adds another 70% more cabins and 30% more freight capacity, when co...
Global survival technology provider - Survitec has re-launched its lifeboat inspection solution, underpinned by the company’s novel ‘Hub and Spoke’ network model. Lifeboat Inspection 402, devised in line with regulations mandated in 2020 under SOLAS Chapter III & IMO MSC.402 (96), has been enhanced to deliver greater flexibility and convenience to vessel operators. Lifeboat Inspection 402 solution Metkel Yohannes, Survitec’s Lifeboat Product Category Manager, said:...
Inmarsat, the globally renowned company in global, mobile satellite communications, has published a new report based on an exclusive analysis of Global Maritime Distress and Safety Services alerts from ships. The Future of Maritime Safety Drawing on distress calls sent free at the point of use via the Inmarsat network, from vessels worldwide, between 2018 and 2020, The Future of Maritime Safety report is published by the Inmarsat Research Programme and has been written by the team at Intent Co...
Tokyo-based renowned maritime services and classification society, ClassNK has announced the release of their ‘ClassNK Technical Journal’. ‘ClassNK Technical Journal’ The purpose of the publication, ‘ClassNK Technical Journal’, is contributing to the development of the maritime industry, by publishing the outcome of R&D (Research & Development) and technical activities. The latest issue ‘Class NK Technical Journal No.3 2021 (I)’ focuses...
Classification society - DNV has issued a verification statement allowing global survival technology specialist - Survitec to use its game-changing fire foam testing process onboard maritime vessels or offshore structures. Survitec’s new Produced Foam Live Test method uses ultrasound technology to verify the effectiveness of fire-fighting foam, according to the mandatory requirements set out in IMO MSC.1/Circ.1432 9.2.4. The ruling applies to any vessel or offshore structure that has a de...
PT Salam Pacific Indonesia (SPIL), which is a pioneer logistics shipping company with more than 40 branches throughout Indonesia, recently established a cooperative relationship with Tokopedia, which is one of the giant E-commerce unicorns in Indonesia. The collaboration is in the IT sector where the two companies are committed to implementing an API (Application Programming Interface) Connection for DO (Delivery Order) payments via Tokopedia. This aims to realize the go digital step carri...
Unifeeder is pleased to announce the appointment of Timm Niebergall as the new director of Shortsea services. Timm Niebergall has been part of Unifeeder for the past 10 years and during that time has carried out a variety of roles, most recently as Regional Director West & Central Europe. Strengthening customer relationships They strongly believe that his background and industry knowledge are assets that will complement and enhance Shortsea growth strategy and strengthen its customer rela...
Hygienic fluid handling technology pioneer Alfa Laval announces WHP as its latest authorised integrator, helping enhance the sustainability of the engineering solutions provider’s operations. The new partnership is the latest in a long relationship between the two companies, with knowledge being shared to manage customers’ environmental impact. By working with Alfa Laval, WHP’s clean room, clean manufacturing solutions and complex process systems will gain further visibility...
TradeLens is the world’s largest containerised freight blockchain platform. The key strength of TradeLens is its ecosystem composed of shippers, freight forwarders, ports and terminals, ocean carriers, intermodal operators, government authorities, customs brokers and more. Each entity shares information that can be tracked, stored and actioned across the platform throughout a shipment’s journey. By using TradeLens, the user will: Expand the end-to-end visibility Streamline all t...
Satcom Direct, the business aviation solutions provider, has completed phase one of the strategic integration of MySky, the AI-powered spend management platform designed for the private aviation industry. The incorporation of the single sign-in functionality into SD Pro®, the digital flight operations and communications platform, now enables SD Pro users, subscribed to the MySky platform, to seamlessly access and optimise spend management and operations data directly from the SD Pro dashbo...
SBM Offshore is pleased to announce that The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating wind test and demonstration sites in the Celtic Sea to Llŷr Floating Wind Limited. The formal award will be subject to a Habitats Regulations Assessment (HRA), following which, the Llŷr project will progress with environmental assessments and surveys in line with the regulatory consent processes. Key UK markets The newly based joint venture be...