Rising costs - News

As England prepares to enter a second period of lockdown from Thursday, they can confirm that Cammell Laird will remain in full operation. Since England entered its first lockdown in March, Cammell Laird has deployed a number of stringent measures across our site, allowing us to continue essential ship repair and maintenance works for the MoD, Royal Fleet Auxiliary and Seaborne asset community. Challenge of COVID-19 David McGinley, Chief Executive Officer of Cammell Laird Ship Repairers and S...

Lawhill provides secondary-school students in Grades 10 to 12 with a specialised education and knowledge that prepares them for entry into maritime and related industries.   For more than two decades, the industry-funded programme has greatly improved the post-school employment prospects of thousands of young South Africans, especially those from financially-disadvantaged backgrounds. Event A special event was held at Lawhill to commemorate the 25-year milestone and the retirement of...

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...

MAN Energy Solutions has received an order for 5 × 6G70ME-GI Mk 10.5 dual-fuel engines in connection with the construction of 5 × 210,000-dwt Newcastlemax bulkcarriers for EPS, the Singapore-based shipping company. EPS has sealed an agreement to charter the five LNG dual-fuel Newcastlemaxes to Australian mining giant, BHP, for a period of five years. The vessels are scheduled for delivery during 2022 and will carry iron ore between Western Australia and China. Dry bulk shipping fle...

The newly established agreement means that in the future Blue Water will be handling CUBIC’s sea and air freight as well as a courier – primarily from CUBIC’s headquarters in Brønderslev, Denmark to worldwide destinations. Furthermore, the agreement covers global transport from the company’s branches in Poland and China. Customised transport solutions “We chose Blue Water as our transport partner due to their wide range of transport products. We have...

MetOcean Telematics (MetOcean), is pleased to announce the availability of the NEW Iridium Edge® Pro (Edge Pro). Now available for purchase from MetOcean. The Iridium Edge Pro is a standalone smart Iridium satellite communication device. The device offers solution providers with a more simplistic and timely way to integrate real-time Iridium satellite communications into their applications. Through the use of Java applications, the Edge Pro collects, and processes data based...

SBM Offshore is pleased to announce that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL. The award follows th...

Hong Kong-based TS Lines (TSL) has ordered two 'Bangkokmax' containerships of 1,900 teu at the CSSC-controlled Guangzhou Huangpu Shipyard, China, for a price of USD 22.8 M per unit, with options for a further two ships. The first two ships are planned for delivery in Q3 and Q4 2022. The four ships are aimed at TSL own services in East Asia. Newbuilding pipe line These gearless vessels will be wide beam units of a Loa of 172 m for a breadth of 27.50 m and will be fitted with SOx scrubbers for...

FESCO Transportation Group has launched a regular intermodal container service for seafood delivery from the Russian Far East to Jilin province in China. The service includes seafood delivery in refrigerated containers by the regular services of FESCO from Kamchatka, Magadan, and Sakhalin to Vladivostok, as well as by motor transport from enterprises in the Primorye Territory. Then the cargo is handled at the Commercial Port of Vladivostok (CPV, part of the FESCO Group) and sent to the Hunchunn...

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...