Rising costs - News

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...

Satcom Direct (SD), the business aviation solutions provider, has bolstered its training curriculum with the addition of a newly developed Aviation CyberThreat Awareness course. The online, self-paced program, designed for end users, delivers a comprehensive understanding of how to minimise digital risk, and ensure company compliance, by making simple changes in digital behaviour and device handling. Implementing data security The program explores how human and technical factors, im...

MAN Energy Solutions and ANDRITZ Hydro have completed a strategic framework agreement to jointly develop international projects for the production of green hydrogen from hydropower. Frank Mette, CEO of ANDRITZ Hydro in Germany, and Dr. Uwe Lauber, Chief Executive Officer and Chief Technology Officer of MAN Energy Solutions, signed the agreement in Ravensburg. A pilot project in Europe will mark the start of the collaboration. Subsequently, the companies want to jointly identify further...

Inmarsat, the pioneer in global, mobile satellite communications, has further showcased its commitment to crew welfare by sponsoring a new report exploring the future of seafaring to 2050. The report offers recommendations on how shipping, training institutions and welfare services can respond to the changing needs of tomorrow’s seafarers. The thought-provoking study, ‘A fair future for seafarers?’, has been prepared by maritime innovation consultancy Thetius. It has been publ...

John O’Keeffe has been appointed as the new Head of Renewables, Americas. O’Keeffe, a former maritime Captain with vast experience in the U.S. offshore wind industry, will join Blue Water’s office in Houston after serving as Head of Marine Affairs North America at Orsted. Work experience John was an integral part of America’s first offshore wind farm at Block Island. Following that success, he built the first Marine Affairs team in the US offshore wind market to facilit...

“We are honoured to have a person of Ali Shehab’s stature joining our global team,” says Trond Hodne, Sales and Marketing Director, DNV. “Ali is joining us after a very successful 36-year career at KOTC, where he started as a cadet on board ships up to Chief Engineer and later ashore as a Superintendent then as Site Manager at HHI before taking on senior positions up to the role of acting CEO. DNV will benefit a lot from his extensive experiences, knowledge, and unique i...

As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of twelve (12) 3055 Teu container vessels with Nihon Shipyard Co Ltd. (NSY) / Japan Marine United Corp (JMU). The contract was signed on 28th June 2021. These new vessels will start taking delivery in the end of July 2023. Efficient vessel fleet Currently, Wan Hai Lines operates a fleet of 86 owned vessels and 64 chartered vessels. This new shipbuilding contract is the company’s latest fleet ren...

In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycle...

MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ("Songa") for an aggregate purchase price of USD 210.25 million on a debt and cash-free basis (the "Transaction"). Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years (the "Songa fleet") under the assumption of Songa having completed the sale of it...

Globally renowned Swedish ferry company - Stena Line has officially taken delivery of its newest RoPax ferry, Stena Scandica, on Friday, 18th June, 2021. The vessel is the first of two Visentini vessels that are being lengthened and modernised by Stena RoRo at the Sedef Shipbuilding in Tuzla, Turkey. Stena Scandica will start operating on Stena Lines route between Nynäshamn in Sweden and Ventspils in Latvia in the beginning of July 2021. Newest RoPax ferry, Stena Scandica Stena Line is w...

Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...

General cargo ship “FESCO Pioner” set sail on 13 June 2021. FESCO vessel will deliver to Anadyr and Egvekonot about 287 TEU of containerised cargo and 103 tonnes of general cargo. The approximate date of arrival of the vessel to Anadyr is 22 June 2021. Delivery of the goods on linear service "FESCO Anadyr Direct Line" (FADL) is to last until the end of October. FESCO vessels will have 5 voyages to deliver about 1500 containers and 1000 tonnes of general cargo to the ports of Anadyr...

Global trade was completely reshaped in the past year and a half because of the global health crisis that sparked systematic problems driving everyone to re-think supply chain models and agility of service networks. As a major sponsor of The Economist’s Global Trade Virtual Week, MSC announces two speakers taking part in the discussion on sustainable trade, and the role of container shipping and logistics as a positive force in shaping the post-pandemic global trade. The free online even...

CULINES held a ceremony at its Shanghai Headquarters to conclude a new building contract with Yangzijiang Shipbuilding (YZJ). This order is for two container vessels, each with a capacity of 2,400TEU.  This is the second new-building order in CULINES’s investment program following the four 1,900 TEU feeder vessels announced earlier in 2021. Vessel investment program   Low Load Tunning main engine uses the latest generation of EFI technology to upgrade the ship's energy saving...

Production of ‘farmed’ aquatic animals will more than double from 30 million tonnes per year (Mt/yr) live weight to 74 Mt/yr in 2050, according to the independent assurance and risk management company. DNV’s first Marine Aquaculture Forecast warns, however, that production will not meet demand in mid-century unless the industry tackles key sustainability barriers to growth by 2030. Marine aquaculture Marine aquaculture plays a role in securing supplies of food for a global p...

FESCO Transportation Group has provided relocation of four Kalmar’s straddle carriers CSC340 from JSC First Container Terminal in St. Petersburg to LLC Vostochnaya Stevedornaya Company in the Primorye Territory. Both the terminals are part of the Global Ports group. Multi-purpose dry cargo vessel FESCO used its multi-purpose dry cargo vessel equipped with cranes with a lifting capacity of up to 120 tonnes To transfer the carriers, FESCO used its multi-purpose dry cargo vessel FESCO Par...

In today’s truly global economy, optimising supply chains has been the key to clawing back some of the constantly shrinking profit margins. But as companies work hard to meet rising customer expectations, logistics has become a multi-layered, multi-part machine that is vulnerable to unexpected events or even bottlenecks that can cause major disruptions. Overcoming the pandemic  Maersk’s Supply Chain Management is designed to help cut down on the complexities and make supply...

MSC Mediterranean Shipping Company has joined other carriers in reiterating support for a global R&D decarbonisation fund and also in backing a potential worldwide market-based measure that would include carbon pricing. On top of MSC’s own substantial efforts to boost fleet energy efficiency and trial a range of new fuels and technologies, specific global initiatives are required to help the shipping industry decarbonise, according to MSC Mediterranean Shipping Company’s CEO Sor...

HMM has announced that the company transported 23 TEU of containers, carrying medical oxygen supplies, since it started delivering COVID-related medical devices to India, on May 12, 2021. The medical oxygen supplies mainly include medical grade oxygen, oxygen tanks, oxygen bottles, oxygen concentrators, steel pipes to manufacture oxygen cylinders, and associated equipment. Medical equipment supply for India As part of collaboration efforts to reduce the spread of COVID-19 infection in India,...

Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced that they are joining forces to enable Japan’s first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons. In this collaboration, Mitsui Chemicals will use Neste RE™, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021. In doing so, Mits...

Starting in June 2021, CULINES will strengthen the Europe service AEX by providing more frequency from monthly to bi-weekly. To meet customers' demands in Asia-Europe Express Service (AEX service), CULINES will provide more space from June 2021, by upgrading the frequency from monthly to bi-weekly. In addition to the current two 4250TEU type vessels on AEX service, there will be two more vessels of similar size deploying fixedly on the AEX. Upgraded AEX service To provide tailor-made service,...

  China Unicom Digital Tech, the subsidiary of China Unicom, the global leading telecommunication service provider, announced its partnership with TradeLens to enable its official commercialization in China, and ensure the provision of a fully integrated, real-time and consistent view of logistics data for containerized freight around the world.   TradeLens is a blockchain-enabled digital container logistics platform, jointly developed by A.P. Moller - Maersk and IBM. Collaboration...

A decade after refocusing its strategy on renewable fuels and plastics, Neste’s Q1 2021 results show that the company is on track in creating the change needed to build a more sustainable future. Over the last decade, Neste has become a major player in renewables. Its transformation from a regional oil refinery to becoming a globally renowned company in renewable and circular solutions speaks loudly about limitless curiosity, courage, hard work and perseverance. Neste – one of the...

The Group’s book-to-bill ratio ended at 1.2, driven by a considerable contract for the delivery of F-35 components and a major contract relating to offshore wind power, which is an interesting segment for KONGSBERG. 1st quarter: The order intake was MNOK 7,643 compared to MNOK 6,812 in Q1 2020, an increase of 12.2% The operating revenues were MNOK 6,364 compared to MNOK 6,678 in Q1 2020, a drop of 4.7% The EBITDA was MNOK 883 compared to MNOK 643 in Q1 2020, an increase of 37.3% T...

From April 29 to 30, 2021, a group of three members from the China Classification Society conducted an annual audit on the DOC of Shanghai Haifeng Ship Management Co., Ltd.  By the requirements of the International Ship Safety Management and Pollution Prevention Code (ISM Code), the audit team comprehensively reviewed the company's document operation and ship and shore management, and highly praised the company's management personnel for the continuo...

The Seafarers’ Charity awards grants to new online services to support seafarers who have experienced sexual violence, and to help tackle loneliness and suicide. Actioning their new strategic approach, The Seafarers’ Charity awarded a total of £844,760 to 17 organisations in its first meeting of this year’s grant programme. The charity recently launched its strategy ‘Thrive’, which focuses on achieving five strategic outcomes for seafarers (enhanced financial...

The automotive manufacturing sector works on a ‘Just-In-Time’ model for the supply chains of its parts and components. Automotive manufacturers require highly reliable logistics services that can move their raw material and finished products on precise schedules to ensure uninterrupted production processes. For years several of these manufacturers based in and around Gurugram, the northern part of India, has been dependent on staggered and unscheduled rail movement for their cargo g...

FESCO Transportation Group’s (‘FESCO’) diesel motor vessel - Vasiliy Golovnin successfully finished the Antarctic expedition of 2021 delivering cargo to the Indian research stations. The vessel came back to the destination point in Cape Town (South Africa) on 10 April. 1 138 tons of various cargo were delivered to the Indian stations Bharati and Maitri, including equipment, fuel, and food, along with a new shift of polar explorers. The vessel was also used for removing domesti...

Ahead of US President Joe Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs), in order to ensure ambitious decarbonisation targets are met, across the entire global shipping industry. With the summit, hosted by the United States of America (USA), seen as a vital precursor to COP26 and the IMO’s Marine Environment Protection Committee (MEPC), shipping bodies...