Rising costs - News

CMA CGM is pleased to announce the NC LEVANT new service setup aimed at providing their customers with improved reliability and better service. New features of NC LEVANT will be the following: Better coverage of the region thanks to CMA CGM’s new investment in Egypt in Alexandria’s Trans Misr Terminal (TMT), now ready to accept the service. First vessel calling Alexandria TMT will be m/v "EF OLIVIA" voy. 0NVDBS1MA, calling Southampton on February 10th and Alexandria TMT on March...

Maritime UK is to deliver a nationwide ‘roadshow’ to inspire girls to consider Science, Technology, Engineering and Maths (STEM) careers in the maritime sector. Maritime UK has been awarded £100,000 in grant funding from the Merchant Navy Welfare Board (MNWB) on behalf of the Department for Transport (DfT) to deliver a Maritime Roadshow for Girls throughout 2023. The roadshow will aim to encourage Key Stage 3 girls to choose STEM subjects and to give the students greater awar...

A total of €200 million for all companies operating in the maritime industry in mainland France and the French overseas territories. Applicants can submit their projects on the dedicated platform as of January 30. Call for projects financed and coordinated by the CMA CGM Fund for Energies to support innovative solutions, in collaboration with public actors. Decarbonisation of the French shipping industry The CMA CGM Group has launched a call for projects targeted at startups and bus...

Last year, maritime shipping bunkered significantly more fuel in Rotterdam, Netherlands, approximately 10.8 million compared to 10.2 million up to 2021. With that, demand for fuel oil, gas oil, methanol and LNG was 6.3 percent higher in 2022, in comparison to 2021. Biofuel-blended bunkers Notable was the increase in demand for biofuel-blended bunkers. Demand rose from 301,000 tonnes to 790,000 tonnes. For the first time, some sea-going vessels bunkered methanol, but from the summer of 2023, se...

In the report, eight of the world’s pioneering marine insurers have gathered and published client data to track their hull and machinery insurance portfolio’s climate impact. The goal is to support the industry’s green transition. “This level of transparency is a major milestone on our journey to decarbonise the maritime industry,” says Patrizia Kern, Chair of the Poseidon Principles for Marine Insurance initiative and Marine Strategy Advisor – CEO...

While the EEXI is a one-off design-focused protocol granting a ticket to trade for existing ships, the CII as a measure of operational energy efficiency is the primary mechanism to reduce emissions going forward. Based on Annual Efficiency Ratio (AER) results, vessels will be awarded CII ratings ranging from A to E. The calculation essentially divides annual Fuel Oil Consumption (FOC) by distance travelled, taking into account the CO2 factor of the fuel used (100% in the case of fossil fuel oil...

Following the announcement of the second round of ‘Levelling Up’ funding from the Government, industry body - Maritime UK has welcomed the inclusion of a number of projects focused on the sector and more broadly on the vitally important coastal communities around the United Kingdom (UK). Maritime is known to make a massive contribution to the country’s economy, being worth £116 billion and supporting over a million jobs, and has a major contribution to make to levelling...

The Milford Haven Waterway Future Energy Cluster, representing the UK's energy capital, has outlined a vision for a low carbon future at the Senedd in Cardiff Bay. The Cluster – a coalition of energy companies, renewable developers, green technology innovators, Pembrokeshire County Council and the Port of Milford Haven – outlined how their plans will play a pivotal role in enhancing the wellbeing of future generations and in helping the Welsh Government achieve a just transition to...

Thales is a Gold level sponsor of the 2023 Autonomous VTOL Technical Meeting and Electric VTOL Symposium, which will take place in Arizona, USA, from January 24 to January 26, 2023. The event will bring together thought leaders, professionals and entrepreneurs to share their perspectives on the most pressing topics in autonomy and electric VTOL. On January 25, 10:00 AM - 11:00 AM EDT, Yanik Doyon, Vice President, Business Development & Sales, Flight Avionics, North America, will speak on a...

Masdar, one of the world’s renowned clean energy companies, Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy Terminals have signed a Memorandum of Understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam, in order to support Dutch and European markets. The MoU was signed by Mohamed Jameel Al Ramahi, the Chief Executive Officer (CEO) of Masdar, Gert-Jan Nieuwenhuizen, the Managing Director of Port of Amsterdam International,...

Throughout the last 25 years, Navadan have built themselves into a strong player within tank and cargo hold cleaning in the commercial shipping industry. Peter Krogh acquired Navadan in 2011 and has led the company since then. He has now been looking for new opportunities on how to build the company even stronger for the future. A preferred solution has been to find a maritime player with complementary competencies and resources, making Wilhelmsen and its global maritime distribution network a...

Eco Wave Power Global AB will unveil its disruptive technology for the first time during an AltaSea Event on the 12th of January 2023. The press conference will also feature the grand opening and ribbon-cutting of an office and commercial loan hub of Beneficial State Bank (BSB), which is supportive of blue economy related technologies. The press conference will feature Kat Taylor, the philanthropist that co-founded BSB in 2007, alongside Eco Wave Power Founder and CEO Inna Braverman. Joining t...

Cammell Laird Shiprepairers & Shipbuilders Limited (Cammell Laird) is reporting an annual loss for the fifth year in a row, but is now showing signs of emerging from ‘some of the most challenging times in the group’s history’. That was how Chief Executive - David McGinley described 2020 and 2021 after the Birkenhead shipyard took a significant financial hit from the building of the £200 million polar research vessel - RRS Sir David Attenborough. Cammell Laird’...

With the aim of enhancing its Intra-Asia network, Pacific International Lines (PIL) is pleased to announce the launch of a new weekly direct service, the South China Philippines (SCP) service, which connects ports in South China to the Philippines. SCP service Commencing 3 January 2023, the SCP service will provide weekly sailings which offer comprehensive coverage of the ports in South China – Xiamen, Nansha, and Shekou, and link them to Manila and Cebu in the Philippines. SCP will be...

Eco Wave Power Global AB announced that the energy conversion unit, formerly deployed in Gibraltar, has officially arrived at its new home, AltaSea at the Port of Los Angeles, United States, where it will be installed as a pilot station in the coming months. This is the first U.S. location for Eco Wave Power’s technology, which is already deployed in Israel with plans for further deployments in Spain, Portugal, Turkey, and other locations, as part of the Company’s current 404.7 MW...

In April 2022, committed to creating a virtual e-learning platform and seafarer training centre in the Panama Republic, PAMEL purchased the NAUTIS simulators.  VSTEP will help PAMEL to maintain its leadership position as an innovative education provider and expand internationally with the commitment to articulating the theoretical and practical components according to the STCW Convention.  Value of a new training centre The Seafarers Training Center Panama Maritime E-...

MAN Energy Solutions and Anglo-Eastern Ship Management Ltd. (Anglo-Eastern) recently signed a cooperation agreement regarding a so-called ‘Innovation Partnership’. Under the terms of the agreement, the two parties will – on an ongoing basis – exchange data and knowledge regarding the daily operation of engines, engine performance and maintenance, testing of digital products, development and creation of software, algorithms, and APIs, among other areas. ‘Innovation...

VSTEP launched their latest maritime simulator - NAUTIS Home for maritime professionals, students, or enthusiasts. Making ship simulation available on a large scale brings them closer to their goal, which is to ensure that simulation-based learning becomes a vital part in maritime education and training. Simulation-based learning has been applied to a great extent in a variety of fields such as aviation and healthcare. In the maritime industry, simulation training has not yet obtained that equa...

Following the presentation of the new Rodman Ventura range, with the launch of the Rodman 690 Ventura CC at the Southampton and Barcelona boat shows respectively, it is now the turn of the big brother of this new range, the new Rodman 790 Ventura CC, which will be presented worldwide at the next Düsseldorf Boat Show in January 2023. A boat of 7.5 m in hull length and 8.7 m in overall length, 2.55 m in beam and designed to be fitted with an outboard engine of up to 300 hp, which will enable...

The Board of Directors of the Port Authority of Valencia (PAV) has approved the Construction Project for the Container Quay of the North Extension of the Port of Valencia, with a base budget of 542,694,149.17 euros of public investment. To this will be added the 1,021 million euros to be provided by Terminal Investment Limited (TIL), a company belonging to the MSC group, a European company that will be responsible for the construction and operation, under an administrative concession, of the ne...

Inmarsat’s Fleet Connect and Fleet Data integrated IoT solution will support CCTV and performance management for more than 60 vessels. Inmarsat, the globally renowned company in global, mobile satellite communications, has reached an agreement with offshore services provider - Zamil Offshore to roll out an Internet-of-Things (IoT) solution to more than 60 vessels in the Gulf area. Internet-of-Things (IoT) solution This means Aramco needs deeper insight and control over the performance o...

Maritime UK is launching its national awards programme for 2023, celebrating a sector worth over £116bn to the UK economy and supporting over 1 million jobs. Held for the first time in September 2019, the Maritime UK Awards are run by the industry for the benefit of the industry. From a judging panel of internationally recognised maritime leaders to an awards evening at the DoubleTree by Hilton Hull, the Maritime UK Awards are a unique and impactful way to showcase a business,...

The Secretary General of the International Maritime Organisation, His Excellency Kitack Lim, is scheduled to visit the Federal Republic of Nigeria from November 20th – 22nd 2022. During his visit, the Secretary-General will attend the Nigeria International Maritime Summit 2022 where regional policies and operational perspectives on Decarbonisation and Green House Gas Emissions in shipping will be the focus. The Federal Ministry of Transportation and its Agencies in collaboration with...

Prysmian Group, a pioneer in the energy and telecom cable systems industry, has been awarded an approximately €150 million contract by Greek electricity grid operator IPTO (Independent Power Transmission Operator) to link the islands of Milos, Folegandros, and Santorini. The contract will be finalised within 2022, following the customary approvals from the authorities involved. Energy integration This connection is part of Phase D of the Cyclades’ electrical interconnection tha...

Air Products and Mabanaft, through its subsidiary Oiltanking Deutschland, announced their intention to build Germany's first large-scale, green energy import terminal in the Port of Hamburg. This joint development agreement is an important step towards the development of a green ammonia import and distribution infrastructure in the Port of Hamburg. The project was announced at a ceremony in Hamburg, which was supported by German Federal Minister for Economic Affairs and Climate Action Robert...

In the first nine months of the year - 2022, the maritime industry in the Port of Hamburg handled 91.8 million tons of seaborne cargo, a 4.3 percent drop on the previous year – 2021. Also down 7.4 percent at 27.5 million tons, handling of bulk cargo was especially hard hit. In comparison with the rest of Europe, container handling held up well. At 6.3 million TEU - 20-ft standard containers - for the Port of Hamburg - the downturn was 2.7 percent. By contrast, conventional general cargo h...

Cargo moving through the Port of Long Beach eased up in October following reduced consumer demand and a shift of imported goods toward the Gulf and East coasts. Dockworkers and terminal operators moved 658,428 twenty-foot equivalent units (TEUs) of cargo containers last month, a 16.6% decline from October 2021. Imports were down 23.7% to 293,924 TEUs and exports decreased 2% to 119,763 TEUs. Empty containers moved through the Port fell 13.4% to 244,743 TEUs. Strategic and sustainable gateway...

The maritime & ports sector is the gateway to some of the biggest challenges facing the world currently, and presents innovation opportunities to deliver sustainable, equitable growth for our communities and economies. Ocean Wise has announced the cohort for the Maritime Accelerator, a brand-new, challenge-led programme powered by Connected Places Catapult and supported by several industry and academic partners. Maritime Accelerator Its aim is to provide each of the selected SMEs with a p...

Wind power is one of the fastest-growing forms of renewable energy. Global demand for power from offshore wind farms is expected to change the way offshore operators and transfer providers consider workforce safety and how they procure critical Personal Protective Equipment (PPE). Survitec HeliPPE In the white paper exploring subscription-based rental and the future of offshore PPE, Survitec HeliPPE, the trusted PPE rental brand to the offshore wind industry, highlights how digital capabilitie...

Tokyo - ClassNK has granted its Innovation Endorsement for Products & Solutions to a cloud service called J-Marine Cloud developed by Japan Radio Co., Ltd. (JRC). In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement as a swift certification service in cooperation with technological front runners to establish appropriate evaluation criteria. Among the certification categories, ‘Products & Solutions’ covers equip...