Finance - News

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...

To create more supply chain flexibility in Asia/Europe routing options in response to COVID-19’s impact, Maersk is announcing an increase of up to two departures per week in its AE19 service. The AE19 service is a combination of a short-sea and intercontinental rail product between ports in Korea, China and Japan and Northern European ports in Finland, Poland, Germany and Scandinavia. The service covers both westbound and eastbound directions for dry, refrigerated and dangerous cargo....

Golden Ocean Group Limited (GOGL) announced that the Company had appointed Lars-Christian Svensen as the Chief Commercial Officer of Golden Ocean Management AS effective from 1st December 2020. Mr. Svensen, who is based in Oslo, most recently worked for Western Bulk. In this asset-light dry bulk operator, he was responsible for South Atlantic and U.S. Gulf chartering operations. Chartering experience His experience managing a chartering environment leverages digitalisation, analytics, and ris...

FESCO Transportation Group has purchased 100 new 40FT high cube refrigerated containers within the strategic framework for renewing the container fleet of its subsidiary Dalreftrans. Dalreftrans organises the transportation of cargo that requires temperature control. As a result of the transaction, the company will be operating the largest refrigerated container fleet in Russia over 1.9 thousand units. The Group will receive the first containers at the end of November. Carrier PrimeLINE refrig...

Braemar Shipping Services Plc, an international provider of shipbroking, financial advisory, logistics, and engineering services to the shipping and energy industries, is pleased to announce that its wholly-owned subsidiary - Braemar Naves Corporate Finance (“BNCF”) and V.Ships Leisure, the cruise ship manager, have entered into a co-operation agreement to support cruise and ferry operators, their investors and financiers as they collectively navigate the unprecedented challenges cur...

FESCO Transportation Group (FESCO) has transported the first refrigerated container connected to the system for controlling the temperature of perishable goods on the route from Moscow - Vladivostok. Electronic navigation seal The test shipment of the container was organized in collaboration with the Center for the Development of Digital Platforms LLC (CRCP, cargo sealing operator) and Softtelematika LLC (part of National Telematic Systems) supervised by the Russian Federal Service for Veterin...

Wan Hai Lines is pleased to announce the launch of Pakistan – United Arab Emirates Service “PS2” on November 17th, 2020. This new service will help to strengthen the Wan Hai Lines network in Gulf Region and Pakistan. New service coverage This service will be jointly operated with Global Feeder Shipping, by using 1 vessel with a nominal capacity of 1,800 TEU. PS2 maiden voyage will commence from Jebel Ali port on November 17th, 2020. The port rotation will be Jebel Ali -...

MAN Energy Solutions announces a new end-2-end reference for its digital service offerings within the key fishing segment. Norwegian trawler/purse seiner, ‘Odd Lundberg’, is a 70-metre vessel owned and operated by a business of the same name. Built in 2019, the fishing vessel features a MAN propulsion package, including a four-stroke L32/44CR engine, a MAN TCR20 turbocharger and a MAN SCR (Selective Catalytic Reduction) system, backed up by the MAN PrimeServ Assist data-driven servi...

The maritime industry is undergoing a massive shift, as vessels transform into sophisticated sensor hubs, generating data and connecting through satellites in an expanding interconnected web. To enable the uptake of these systems and unlock the associated efficiencies, DNV GL is launching a new chapter to its world leading rules for ship classification: Digital Features. New chapter of Digital Features Vessels, their systems and components are now increasingly linked to the internet The new...

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 South China to Vietnam on 25th November 2020. CV8 service The service, named CV8, will be operated with 3 vessels with an intake of 1,200 TEU. Wan Hai Lines will deploy 2 vessels while Interasia Lines will deploy 1 vessel. The service rotation shall cover Qingdao – Dalian – Tianjin – Ningbo – Xiamen – Cat...

Following the success of the M15 Twin Sterndrive Interceptor launched last year at DSEI Defense and Security Equipment International show in London, Marell Boats of Sweden has now taken an additional step in the high-speed interceptor market. Marell is launching the M15 Quad outboard open high-speed interceptor that includes fine tuning of the M15 hull, adding four Mercury 450HP Outboard engines on an extended platform, and support by dynamically operating jack plates. This vessel shows outstan...

Norwegian MV ‘Tertnes’ was the first vessel to call at Port of Esbjerg’s newly established bulk terminal. The vessel arrived with 10,200 tons gravel from Jelsa in Norway, and Blue Water acted as port agents and handled the discharging operation on 23 October. MV ‘Tertnes’ - with a dead weight of 11,546 tons, a length of 129 metres and width of 20.5 metres – is a modern special-purpose vessel fitted with a discharging boom increasing the discharge capacity com...

Bulk and break bulk are two terms that can be used incorrectly and interchangeably in the course of the day-to-day business. There are distinctive differences between bulk and break bulk in terms of cargo, nature, size, capacity, handling, trade, customers, ports, terminals, equipment, and infrastructure. In the article, TGI Cargo goes over the differences between bulk and break bulk shipping. What does bulk goods mean in shipping? The ships that carry bulk cargo such as these are known as bu...

Wan Hai Lines is pleased to announce the launch of Straits - Bangladesh Express Service “SBX” on November 3rd, 2020. This new service will help to strengthen the Wan Hai Lines network in Straits and Chittagong.This service will be jointly operated with X-Press Feeders, by using 2 vessels with an effective capacity of 1,200 TEU. Wan Hai Lines will deploy 1 vessel, while X-Press Feeders will operate 1 vessel. SBX's maiden voyage will commence from Singapore port on November 3rd, 2020....

On 2 November, Philipp Maracke takes over the management of the Flensburger Schiffbau-Gesellschaft (FSG) as CEO. The management of the shipyard acquired by Tennor in September will thus go to an experienced expert, who has held various management positions in the maritime industry. Most recently, Philipp Maracke was a member of the management of German Naval Yards Kiel where the 40-year-old has built up extensive expertise in the naval shipbuilding sector. Another of his core competencies lies...

The Fifth Sea-rail Transport and Cross-border Transportation Forum had a heated discussion on the theme of ‘opportunities and challenges in China Railway Express along 'the Belt and Road'’. Fifth Sea-rail Transport and Cross-border Transportation Forum More than 300 people, including operators of railways, ports and China Railway Express, along with the Belt and Road, shipping companies, cross-border transportation enterprises, freight forwarders, traders and other business leaders...

With the continuous spread of the international pandemic situation (COVID-19) and the increasing downward pressure on the global economy, the 9th Shenzhen World Port Chain Strategy Forum is being held at the right time. 9th Shenzhen International Port Chain Strategy Forum The 9th Shenzhen International Port Chain Strategy Forum is sponsored by Transport Bureau of Shenzhen Municipality, organised by Shenzhen Logistics and Supply Chain Management Association, and co-sponsored by Shenzhen Modern...

Wan Hai Lines is pleased to announce the launch of China - India Service VI 'CI6 service' on 15th November, 2020. This new service will help to expand Wan Hai Lines network in North China and West India. This service will be jointly operated with Sinokor Merchant Marine Co., Ltd., Heung A Line Co. Ltd., Interasia Lines and Feedertech Pte Ltd, by using 6 vessels with nominal capacity of 4,250 TEU. Wan Hai Lines will deploy 2 vessels, while Sinokor / Heung A / Interasia Lines / Feedertech wi...

FESCO Transportation Group (‘FESCO’) and India’s National Centre for Polar and Ocean Research have renewed the contract for the supply and delivery to the Indian Antarctic research stations in 2020-2021. This will be the third expedition under the contract with NCPOR. The icebreaker Vasiliy Golovnin will start a new voyage from Cape Town (South Africa) at the end of December 2020. The vessel will deliver general cargo, food and fuel to the Indian stations Bharati and Maitri, a...

Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) announced they are now integrated onto TradeLens helping ensure a more fully integrated, timely and consistent view of logistics data for their containerised freight around the world. The digital platform is run on IBM Cloud and IBM Blockchain, and was jointly developed by IBM and A.P. Moller - Maersk. These two global shipping front-runners, together with Maersk, will act as platform foundation carriers with a...

Through the years, Blue Water Shipping has loaded, unloaded and transported thousands of wind turbine components to innumerable wind farms around the world. This has now provided the company with the Port Terminal Operator of the Year award at the international Heavy Lift Awards 2020. The panel of judges was especially impressed with the efficient multipurpose facility serving the wind industry through innovative solutions going above and beyond the customers’ needs. All while keeping saf...