Finance - News

Freight forwarding is one of the most crucial components of the global supply chain. A good global forwarding company adds extraordinary value not only in moving goods for their clients; they facilitate bottom line revenue through cost savings throughout the business. Global freight is the product of the global freight industry. This is the movement across the globe of materials and goods to facilitate trade; a key component of every business that uses or sells physical products. Global Freigh...

ArkEdge Space Inc. is developing a 6U CubeSat, in collaboration with the Intelligent Space Systems Laboratory (ISSL) of The University of Tokyo, as part of the 6U microsatellite short-term demonstration project '6U Fast Validation CubeSat' of the National Space Organisation (NSPO) of Taiwan. After making a proposal for the satellite's development, manufacturing, launch, and initial operations, ArkEdge Space was selected as a collaborative research partner by the NSPO. Satellite launch and inse...

Moving freight can be a stressful time for any mining or resources operation – especially when it comes to major projects involving the transportation of capital equipment worth hundreds of thousands or millions of dollars. Therefore, it’s not only important to partner with a professional freight forwarder it’s essential that both parties collaborate and communicate to achieve the goal of moving freight on time and on budget and free of injury and damage to freight, property a...

On December 19, 2020, SITC International and Yangzijiang Shipbuilding held a ceremony for the naming and delivery of the new ship, ‘SITC Penang.’ Mr. Yang Xianxiang, Vice Chairman and CEO of SITC International, together with his wife, Mr. Lu Jing, President of Shanghai Maritime University, Ms. Cao Hongfen, Secretary of the Party Committee of Shanghai Maritime University School of Commerce, Mr. Xiao Yingjie, Dean of Shanghai Maritime University School of Merchant Marine, and Chairman...

The Global Shippers Association (GSA), recently invited Maersk leaders to discuss Logistics & Solutions with their members via a virtual session. The GSA is a Fort Myers, Florida-based consortium of major corporations who combine their freight volumes to negotiate international transportation services with the world’s leading carriers. Best account managers Mark Chadwick, President of the GSA, opened the session by setting the context. “Maersk has been a key partner for...

Blue Water’s Aid & Development team has assisted with bringing in humanitarian aid cargo, such as plastic sheeting, cleaning and hygiene kits and medicine to thousands of victims in Central America suffering from the flooding after category four and five hurricanes Eta and Iota. Houses, roads, schools and hospitals in Honduras, Nicaragua, Guatemala and Belize were devastated during the record-breaking stormy season, and seven million people were affected by the two hurricanes within t...

Nippon Yusen Kabushiki Kaisha (NYK) and Ship Data Center Co., Ltd. (ShipDC) have agreed to use the latter’s IoS-OP to share data received from all NYK-operated vessels equipped with SIMS, expanding the total to about 200 NYK vessels. SIMS-equipped vessels Up until now, NYK had used ShipDC’s IoS-OP to share shipping data from some vessels equipped with SIMS, but the new agreement expands the data-sharing to all SIMS-equipped vessels within the NYK fleet. This agreement will dramati...

FESCO Transportation Group has added a new port of call in Wenzhou (Zhejiang province, China) on the route of its container shipping line FESCO China Express-2 «Eastern Arrow». The line will be functioning on the route Vladivostok – Shanghai – Ningbo – Wenzhou – Vladivostok starting from November 2020. Transit time from Wenzhou to Vladivostok will be 2,5 days. On 26 November 2020 FESCO vessel will enter the port of call for the first time. Port of Wenzhou...

From 11th January 2021, ferry company - Stena Line together with the multimodal service provider - CFL multimodal and the ports in Rostock and Trelleborg will offer a new intermodal rail and ferry connection from Bettembourg in Luxembourg via their ferry route from Rostock to Trelleborg in Sweden. The combination of sea and rail is a cost-effective and sustainable transport solution that offers great capacity and flexibility as well as a CO2 reduction of 1.75 tons per unit compared to road tran...

FESCO Transportation Group arranged the first shipment of refrigerated containers with perishable goods from Russia to Mongolia through the Naushki border crossing. Containers with food, cosmetics, and other goods were sent as part of a refrigerated train powered by a diesel-generator container from the Selyatino station (the Moscow region) to the Ulan Bator station (Mongolia) on 5 December. Transit time on the route is 20 days. The main advantage of this transportation type is fully contactle...

As Ocean Infinity embarks on its journey towards a carbon-neutral future and anticipates the arrival of its uncrewed Armada fleet of vessels, it bids farewell to some of its original fleets. The Pacific Constructor has been part of Ocean Infinity’s story since the beginning and has been instrumental in many of its most ambitious and exciting projects. Locating Stellar Daisy Stellar Daisy sank on 31 March 2017, transporting iron ore from Brazil to China. Tragically, 22 of the 24 crew wer...

During spring and early summer, all planned cruises in Sweden were cancelled - just like everywhere else. The German-based luxury cruise line, Hapag-Lloyd Cruises reached out to them in the middle of the summer as they planned to deploy ships and call at Swedish ports. Unlike their neighbouring countries, Sweden allowed cruise calls and guests going ashore, if the national and local protocols were complied with.  Busiest cruise destinations After the first few bookings, the sales incre...

FESCO Transportation Group (‘FESCO’ and the ‘Group’) has delivered over 40,000 tonnes of various cargos to ports of the Chukotka Autonomous Area, in the Russian Federation, during the navigation period of 2020. Within the northern delivery programme, FESCO’s bulk carriers - ‘FESCO Pioneer’ and ‘Ussuri’ made six voyages on the route of Vladivostok-Anadyr-Egvekinot-Vladivostok (linear service ‘FESCO Anadyr Direct Line’ (FADL)) and...

The convenience and efficiency of Alfa Laval AQUA fresh water generation technology is now available to a wider range of vessels. With its tiny footprint and low OPEX, the new AQUA Blue Mini fresh water generator meets needs of 1 – 18 cubic metres of fresh water per day, creating a smarter alternative to bunkered water or reverse osmosis. AQUA fresh water generation technology AQUA fresh water generation technology uses a revolutionary 3-in-1 process Introduced in 2008, AQUA fresh wate...

Blue Water Singapore was contracted by one of its reliable clients to transport two large gas engines and appertaining equipment from Bergen Engines in Norway to Singapore. Engine transportation After intermediate storage, the two gas engines and five containers were loaded onboard The first part of the job included the transport of the two gas engines weighing 152 tons each from the manufacturer in Hordvikneset to Bergen in Norway. In August, a special crane barge was hired for the transship...

The United Nations’ High Level Panel for a Sustainable Ocean Economy has launched a new ocean action agenda. 14 world leaders have united behind this plan, which was launched on December 2, 2020. KONGSBERG has actively contributed through the panel’s advisory network, which brings a wider stakeholder voice to the Ocean Panel, representing relevant sectors to the ocean economy. United Nations’ High Level Panel Geir Håøy, the Chief Executive Officer (CEO) and Pres...

Swedish ferry company - Stena Line has officially taken ownership of its newest ferry, Stena Embla, following a hand-over ceremony in Weihai, China. The vessel is the third of five new next-generation E-Flexer RoPax vessels that are being constructed at the CMI Jinling Weihai Shipyard, as part of an extensive modernisation of the company’s fleet. It is last of three new vessels due for the Irish Sea, which marks the end of a 7-year development programme totalling a £400m investment...

Wan Hai Lines Ltd is pleased to announce the launch of the China – East India Service V - ‘CI5 Service’ on 13th December, 2020. This new service will help to expand Wan Hai Lines’ network in North China and East India. China – East India Service V - ‘CI5 Service’ This service will be operated by six vessels with nominal capacity of 4,250 TEU. CI5 maiden voyage will commence from Qingdao port on 13th December, 2020, and it will be a 42-day fixed round t...

Manufacturing engines that power a third of the world’s largest cargo ships Wärtsilä often needs to fabricate specialist tools to solve problems and optimise efficiencies with its equipment onboard. The lifting tool is one such example. It is critical to building and servicing large engines, allowing engineers to move immensely heavy engine parts, such as pistons. The perfect partner Typically, such parts are both expensive and time-consuming to manufacture and deliver, and th...

The Flensburger Schiffbau-Gesellschaft mbH & Co. KG (FSG) has announced that it has received its first order, since the new start under the direction of Tennor Holding. IVP Ship Invest orders a RoRo ferry for completion in April 2022. At the same time, the customer also places an option for a second vessel. The order has a total volume of 140 million Euros. FSG to deliver RoRo ferry This order is an important building block for the future of the Flensburg shipyard" IVP Ship Invest is a c...

The German Maritime industry is undergoing a period of rapid transformation. Digitalisation and decarbonisation are the grand challenges of the current time, and they require increased collaboration between all industry stakeholders. To address the current challenges and to help the German Maritime industry transition to a greener and more efficient future, DNV GL, the classification society, has appointed Rasmus Stute as Area Germany Business Development Manager. Understanding the complex shi...

FESCO Transportation Group reports that Andrey Severilov has been appointed Chairman of the Board of Directors of FESCO PJSC (the parent company of the FESCO Group). Evgeny Melnikov became Deputy Chairman of the Board of Directors. The decisions were made at the Meeting of the Board of Directors on 25 November 2020. Extensive industry experience  Andrey Severilov is a professional investor in industrial and financial assets, and a shareholder in CB LOCKO-Bank, Siberian Titan, and TomskAz...

VSTEP and the well-established Inland Shipping School – Maritieme Academie Harlingen (MAH) have been collaborating over the past few weeks to ensure that the NAUTIS Inland Simulators at MAH and Nova College are up to date with the latest CESNI (2019) requirements. One of the most renowned inland navigation training schools in Europe – Maritime Academie Harlingen (MAH), which uses NAUTIS Inland Simulators to offer a wide range of inland maritime courses to hundreds of trainees each y...

On the afternoon of November 23, 2020, China United Lines Ltd. (CULines) entered into a 'Two Ports & Two Shipping Operators' Strategic Cooperation Agreement with Guangzhou Port Company Limited, Hainan Harbor & Shipping Holdings Co., Ltd. and New Golden Sea Shipping Pte. Ltd. The signing of this strategic framework agreement is an extension of the partnership between CULines and New Golden Sea Shipping. SHX service The two parties co-launched the SHX service, which has completed its ma...

MAN Energy Solutions announces that it is to offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine. EGR is a NOx-emissions-reduction technique that ensures IMO Tier III compliance in both diesel and gas mode. The company has long experience with the emission-reduction technology and reported the first order for an EGR system in 2011 when it was fully integrated w...

A comprehensive and interactive dashboard that predicts LNG demand and enables scenario modelling in Australia was developed as a result of the East Coast Australia LNG Joint Industry Project (EC JIP). Facilitated by DNV GL, project partners included oil & gas suppliers, LNG infrastructure consultants, ship owners and operators, charterers, industry associations, governmental agencies, and regulators. The EC JIP was recently concluded in October and the dashboard will be made available to t...

RCL is pleased to announce the launch of its new service between Singapore – Cebu – Cagayan de Oro – Singapore using two vessels i.e. Ratha and Pira Bhum in a weekly sailing. Branded as the “RSP6”, the maiden call will commence with the Pira Bhum ex Singapore on 30 November 2020, followed by the Ratha Bhum.  Direct connectivity According to an RCL spokesperson, “Our customers have been asking RCL to provide direct connectivity for both to and from Cebu...

A new report by the International Transport Forum explores ways to reduce carbon emissions and air pollution from ships. The publication coincides with the 75th meeting of the Marine Environment Protection Committee of the International Maritime Organization. The report “Navigating Towards Cleaner Maritime Shipping” specifically examines: How the Nordic region can build on its success as a pioneer in sustainable shipping, and How these experiences can help other shipping nations...

Shell and offshore robotic ship operator - Ocean Infinity have signed a joint development agreement to combine expertise and assets to execute multiclient seep hunter projects. The combination of Shell’s specialist seeps hunting expertise and Ocean Infinity’s ‘Armada’ fleet of robotic ships, will provide effective location targeting and wide-scale coverage. Improved exploration work In turn, this will culminate in more reliable results, improving the focus of explorati...

SBM Offshore’s first Fast4Ward® hull takes onboard topsides modules at Singapore yard. Progress picked up pace when the yards in Singapore re-opened earlier this year. The mooring and riser system integration, as well as other work scope, were completed in the dry dock at Keppel FELS.  The Fast4Ward® Multi-Purpose Floater (MPF) hull has now moved to the integration quayside in Keppel TUAS, where the topside integration phase started with the progressive lifting of the to...