Rising costs - News

July 11, 2020, is the 16th China Navigation Day. The ‘2020 China Navigation Day Forum’ with the theme of ‘Joining Hands to Maintain International Logistics Flow’ was held in Shanghai. Mr. Liu Xiaoming, Deputy Minister of the Ministry of Transport, Mr. Tang Zhiping, Deputy Mayor of Shanghai Municipal People's Government, Mr. Li Tianbi, Safety Director of the Ministry of Transport, Mr. Huang Rong, Deputy Secretary-General of Shanghai Municipal People's Government and other...

The heads of nine companies today established a new initiative to accelerate the transition to a net-zero global economy. The initiative, known as Transform to Net Zero, intends to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net-zero emissions. The Initiative will be led by founding members including A.P. Moller - Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Inc., Starbucks,...

How can transport decarbonisation policies promote low-carbon economic growth and increased the resilience of Argentina’s transport system following the COVID-19 crisis? The International Transport Forum cordially invites media representatives to this virtual conference around these important questions featuring nine sessions between 7 and 30 July. The conference will kick off on Tuesday, 7 July, with a session on “Transport Decarbonisation, Economic Recovery and Resilience” f...

SBM Offshore is pleased to announce the closure of a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba. The facility was secured by the special purpose company owning FPSO Sepetiba and was agreed upon with a consortium of four international banks. SBM Offshore is the majority owner of this special purpose company (with 64.5% equity ownership), together with Mitsubishi Corporation (20%) and Nippon Yusen Kabushiki Kaisha (15.5%). Construction of...

A group of leading industry players are taking the next step to develop new fuel types and technologies by launching the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping. The founding company partners behind this initiative are ABS, A.P. Moller - Maersk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Siemens.  The centre, which will be based in Copenhagen, Denmark, is made possible by a start-up donation of DKK 400m by the A.P. Moller Foundation. Decar...

Blue Water Port Services is involved in two projects for Siemens Renewable Energy. The first project is Coastal Virginia Offshore Wind, consisting of two 6 MW wind turbines to be installed 27 miles off the coast of Virginia Beach, USA, and is the nation’s second offshore wind farm. The second project is Borssele Wind Farms 1 and 2, where 94 Siemens Gamesa 8 MW wind turbines will be installed 14 miles off the coast of the Dutch province Zeeland. Siemens Gamesa Renewable Energy The first...

A.P. Moller - Maersk, DSV Panalpina, DFDS, SAS, and Ørsted have formed the first partnership of its kind to develop an industrial-scale production facility to produce sustainable fuels for road, maritime, and air transport in the Copenhagen area. The partnership brings together the demand and supply side of sustainable fuels with a vision to realise what could become one of the world’s largest electrolyser and sustainable fuel production facilities. The project can spearhead the ma...

SBM Offshore CEO Bruno Chabas commented: “SBM Offshore delivered a good set of results during the first quarter of 2020, in line with expectations. The Company’s results, dividend track record and completed share repurchase exemplify SBM Offshore’s robust business model. At the same time, SBM Offshore is also impacted by the combined demand and supply crises in the oil and gas market and is taking measures to evolve and adapt with the uncertain dynamic market conditions."...

The order backlog remained high and the cash flow was solid as a result of both a strong positive contribution from the operations and the sale of underwater technology company Hydroid. The financial effect of the COVID-19 pandemic was limited in the first quarter. However, the situation is creating increased market uncertainty going forward, especially in the maritime industry. WEBCAST: Recording of online presentation of KONGSBERG's 1st quarter 2020  Key figures: The order intak...

There is a heavy demand for air freight to and from China. However, due to the COVID-19 situation, almost all ordinary air traffic has come to a standstill, complicating the transport for European companies – for both import and export. Consequently, the present air freight capacity is not able to fulfil the demand from the European trade and industry. Blue Water has therefore made a charter-agreement with SAS Cargo for a regular scheduled service with two weekly departures between Europe...

The Danish ship supply company Wrist Ship Supply is busy supplying food and other necessities to all the seafarers stranded on merchant vessels due to coronavirus. Travel restrictions at ports all over the world mean that crews have been spending far longer than usual on their ships. In this deadlocked situation, it is essential – both for their health and morale – that the crews receive fresh supplies on board. Here, Wrist Ship Supply is playing a key role. There are obstacles alon...

HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea. Distinguished guests attending the ceremony  About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister o...

In the second interview with Lloyd’s List published April 14th, 2020, Wrsit Group CEO Jens Holger Nielsen elaborates on keeping international trade moving to ensure deliveries to workers at sea – Seafarers' suppers fed by triple barrel supply pipeline. Local, regional, and global sourcing is needed to ensure food reaches those working at sea, and who are on the front line of helping to keep supermarket shelves stocked. Food supply challenge  Jens Holger Nielsen is adamant tha...

Maersk’s offer of intermodal solutions for the Russian market is expanding, with the new container service launched in April, connecting the port of Novorossiysk on the Black Sea with the dry port Vorsino near Moscow (Kaluga region). The new service is offered by Maersk jointly with Russian partners Ruscon group and Transcontainer JSC and offers a reliable solution for containers arriving at Novorossiysk on Maersk’s ocean services and destined for customers in Moscow and neighbourin...

Provided by Zurich, this new service will offer customers the synergy of world-class logistics and insurance solutions. Maersk has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customer’s goods against physical loss or damage. A customers’ cargo can be exposed to various risks while in transit and Maersk Cargo Insurance covers goods from the time they are first moved for loading until the completion of unloading at destination, fr...

In fulfilling its mission to provide the most optimised service to its customers, Evergreen Marine Corporation (Evergreen Line) has launched ‘GreenX’ platform. Responding to the need for greater efficiencies through digitalisation, GreenX allows customers to enjoy seamless booking capabilities, in addition to direct access to integrated trade services. GreenX digital platform GreenX has received nearly two thousands of sign-ups via this one-stop digital platform GreenX provides a...

In recent years, with the growing need for ESG investment and SDGs management, social transformation utilising digital technology is rapidly progressing. In the maritime industry, attempts are being made to create new value by collecting and utilising data on ship operations and cargo movements and sharing it among different players to promote further innovation. Advances in digital technology are also introducing unprecedented ways of ensuring safety, such as data condition monitoring and...

The Norwegian Shipowners Association follows the development of the Corona virus (COVID-19) closely and has a good dialogue with its members, and other actors about the situation. A large number of people in China and elsewhere in the world have been infected, and more than 600 deaths have been reported. COVID-19 implications for shipping industry Norwegian shipping companies operate all over the world and are thus, directly affected by the development Norwegian shipping companies operate all...

Vietnam’s sea transport sector continues to achieve steady growth, with goods transported by the country’s fleet reaching more than 81 million tons in the first half of 2019, a year-on-year increase of 16 per cent. Statistics from Vietnam Maritime Administration also indicated that in the same period, Vietnam’s ports handled 308.8 million tons of goods, up 13 per cent year-on-year. Changing tides in the global economy could further fuel this growth. Striving to become a mariti...

The digital evolution is shaping the maritime future in multiple aspects – both onshore and offshore – and shipping organisations are facing pressure to operate more efficiently and profitably while catering to the increasingly sophisticated customer demands. As with any change, digitalisation was initially met with scepticism. But this has given way to building digital momentum, given the many strategic business benefits to be reaped – from operational efficiency improvements...

Alfa Laval PureSOx Water Cleaning System (WCS) gives customers the option of scrubbing in closed-loop, either by choosing a fully-equipped hybrid system or by installing a hybrid-ready system, which can be upgraded for closed-loop operation later. PureSOx water cleaning system The local bans on open-loop scrubbing have intensified the interest in hybrid scrubber solutions With the launch of a modular new PureSOx water cleaning system by Alfa Laval, these possibilities become even more attract...

The 19th China International Transportation and Logistics Expo (CITLE), the 2019 Global Logistics Technology Conference, and the 2019 Transport Logistic China kicked off at the Hangzhou International Expo Center. Upon invitation, CULines made their debut at the CITLE. During the three-day fair, the booth attracted an endless stream of customers and partners for communication and consultation. CULines’ staff received visitors warmly and professionally by introducing to them the compan...

Oslo-based Xeneta, the ocean freight rate benchmarking and market analytics platform, has revealed a jump in long-term contracted rates for containership operators during May, as 2018 rates expire and new contracts push the index upwards. Global rates Global rates leaped by 11.5% across the month, with US rates for imports climbing by close to 20%" According to the latest XSI® Public Indices report, based on crowd-sourced data covering over 160,000 port-to-port pairings, with 110 million...

Within ten years, the Becker Mewis Duct has become a globally successful product. Demand for the energy-saving device is rising again, as the new IMO environmental guidelines come into force next year. Accordingly, there will be great interest at the Nor-Shipping 2019 trade fair, which is taking place in Oslo, Norway, from 4th June to 7th June 2019. Becker Marine Systems will also be presenting other maneuvering systems and energy-saving solutions for ships. Becker Mewis Duct reduces CO2 emiss...

Marlan had a great few days at the M&CCE Expo last week meeting old colleagues, current users, new customers and potential future collaborators. Managing Director Alex Sinclair and Director of Research Dr Cai Bird spent a productive 2 days at the NEC spreading the good word about synoptic and radar-based coastal surveying and monitoring. Marlan’s stand at 4C101 did a great job of drawing people’s attention and attracting visitors. Coastal maritime industry Marlan were shocked...

RCL is pleased to announce the separation of its RSZ service (currently Singapore – Sihanoukville – Songkhla – Singapore with the Nanta Bhum) into two separate weekly loops with rotation and branding as: RCX – Singapore (Tue/Wed) – Sihanoukville (Fri/Sun) – Singapore. RSE – Singapore (Tue/Wed) – Songkhla (Sat/Mon) – Singapore. More relaxed schedule RCL will deploy the Bani Bhum (993 TEU) in the RCX service, while the Nanta Bhum (1036...

PARAT Halvorsen AS will participate at Nor-Fishing in Trondheim from 21-24 August 2018 and SMM in Hamburg from 4-7 September 2018. It will introduce its steam and heat solutions. Nor-Fishing in Trondheim, Norway Parat gives more information about its retrofit solutions, high-quality steam, and heat system for marine use, designed and produced in Norway. Learn more about its fish oil burners that can burn 100% fish oil without heating.  It is located in Hall T, Stand 185.  SMM in Ha...

Asia Pacific Maritime (APM), Asia’s shipbuilding & marine, workboat, and offshore exhibition and conference concluded on a strong note on 16 March 2018 with attendees expressing optimism for an anticipated upturn. 14,158 trade visitors congregated at the biennial event, as 1,432 brands from 60 countries, represented by over 644 booths, exhibited their innovations for the industry. international participation and support  Yeow Hui Leng, Group Project Director, APM said, “T...

Asia Pacific Maritime (APM), Asia’s premier shipbuilding & marine, workboat, and offshore exhibition and conference were officially launched by Dr. Lam Pin Min, Senior Minister of State, Ministry of Transport & Ministry of Health, Singapore. Taking place from 14 to 16 March, the biennial event comes at a time when the industry is cautiously optimistic, supported by signs of recovery across maritime sectors and positive macroeconomic development. Introduction of new showcases APM...

HMM has announced that its handling volume of US Premium Service has reached over 10,000 TEU, as of the end of January 2018. Since May 2017, HMM has provided US Premium Service in PS1, PS2, and PN2 routes, connecting Asia’s main ports with the US west coast, including Los Angeles and Tacoma. US Premium service With the Asia-US West Coast Premium service, customers can secure reliable cargo loading space, even in the peak season and have priority to discharge their cargoes, at the destina...