Finance - News

Neste and Avfuel Corporation announce a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the United States. Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs), and commercial operators. Avfuel will be a branded SAF distributor for Neste, and will sell it under the brand name Nest...

China United Lines Ltd. (CULines), through its logistics investment division, CULines International Shipping Agency Co., Ltd. Guangzhou Branch – has reached in-depth partnership with PUTBOX, a leading Internet platform for the road transportation of containers in China, and completed strategic investment in the latter. The two sides aim to jointly build up an industrial Internet platform and develop the financial transaction market for the container truck industry in the Greater Bay Area,...

Furnipart and Blue Water have just extended and expanded their cooperation covering transport from the Far East to the company’s domicile in Hinnerup, Denmark. The new agreement entails that Furnipart’s transport will change from sea freight to rail transport in the future. Rail transport Rail transport brings several advantages to Furnipart. The duration of the transport of 15,000 kilometres will be shortened by approx. 14 days, and this means that their design handles and knobs...

Wan Hai Lines will expand further on its already extensive intra-Asia network by launching a new weekly service between East China – Taiwan and Ho Chi Minh(CV7). The service will be operated by two container vessels with a capacity of 650 TEU. Rotation service Port rotation of the service is as follows: Shanghai－Kaohsiung－Ho Chi Minh－Shanghai The first voyage is scheduled from Shanghai on Jan 12th, 2021. The CV7 service which connects Shanghai - Kaohsiung and Ho Chi Minh directl...

The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments. The version 4 of the cyber security guidelines is published at a time when ship owners and ship managers are faced with a requirement to implement cyber risk management in their safety management systems (SMS) by the time of their first Document of Comp...

To further reinforce its regional development strategy, Yang Ming Marine Transport Corporation (herein-after referred to as Yang Ming) sets up a new subsidiary with NAXCO Group in France, named Yang Ming (France) S.A.S. (herein-after referred to as Yang Ming (France)), which officially began operating on 1st January 2021. The subsidiary aims at assisting Yang Ming to develop the local market and integrate regional resources. Weekly service routes Yang Ming will establish a presence in the Fre...

In response to surging US imports and the resulting intermodal equipment flow imbalances, all members of the logistics sector have been challenged to find solutions. Maersk senior officials have stated that this is a situation the company takes very seriously. Every component of Maersk’s integrated global logistics business model is working across the entire logistics spectrum to respond with solutions involving all supply chain participants. Maersk is taking steps to address the concern...

CULINES is celebrating the successful maiden voyage of its new South China-Vietnam service (SV2). The SV2 is the fourth liner route operated by them in Vietnam, as well as another important step to strengthen presence in the Vietnamese market, and connect the Guangdong-Hong Kong-Macao Greater Bay Area and the China-Vietnam supply chains. Port Rotation of SV2 Haiphong (3/3) – Nansha (6/6) – Shekou (7/7) – Haiphong (3/3)

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...

The Satcom Direct Data Centre, the global mobile solutions provider, has achieved International Standard Organisation (ISO) 27001:2013 certification for its state-of-the-art data centre. The 10,000 square-foot facility, located at the SD Melbourne, Florida world headquarters, was assessed by BARR Advisory P.A. a cloud-based security and compliance solutions provider, specialising in cybersecurity and compliance for Software as a Service (SaaS) companies and awarded the certificate in early Decem...

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...

MetOcean is excited to announce that it has been named one of Atlantic Canada’s Top Employers for 2020! This is a very special award to be honored and recognised as one of the top places to work in Atlantic Canada.   MetOcean strives to create a world-class working environment that enables extraordinary opportunities for success among all of its employees as it works to develop and manufacture state-of-the-art data acquisition and end-to-end telematics solutions. Company's growth in...

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...