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The International Chamber of Shipping (ICS), the International Maritime Employers’ Council Ltd. (IMEC) and the International Transport Workers’ Federation (ITF) are joining forces to host a summit solely focused on the shaping the future of an industry that ensures seafarers remain at its heart – in Manila on 26 June 2023. Director-General of the International Labour Organization (ILO) Gilbert H. Houngbo will open the aptly titled ‘Shaping the Future of Shipping – Seafarer 2050’ summit, which aims to highlight the elements required for a successful transformation of seafarers’ roles to ...

Louis Dreyfus Armateurs’ subsidiary Louis Dreyfus Freight Solutions (LDFS), a 3PL freight forwarder with strong knowledge and skills in transport and logistics involving specific maritime solutions, has called on VPLP Design and Alwena Shipping to develop a wind assisted/propelled container ship solution. It is based on the Trade Wings 2,500 – an innovative concept for “small-size” container ships of 2,500 TEU. With an overall length of 197m and a breadth of 32m, the vessel offers a deadweight of 32,500 tons. Suitable to short sea shipping operations or feedering in Europe, ...

The Berlin-based venture studio Flagship Founders has announced today the spin-off of another startup, Arinto, a software solution enabling ‘Just-In-Time Arrival’ of merchant ships in ports. With this, shipping companies and ship managers will be able to calculate the ideal arrival time of vessels and therefore make voyages much more efficient. This will lead to drastic reductions in fuel consumption, lower emissions, and make shipping more sustainable. Global shipping causes about three percent of worldwide CO2 emissions. A variety of factors contribute to this. One of the biggest and yet ...

DHT Holdings, Inc. announced that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI) for USD 94.5 million. The vessel is scheduled to deliver during the third quarter of 2023. The Company will finance the acquisition with available liquidity and projected mortgage debt, and it is expected to be accretive to DHT’s earnings per share. It was built to a high specification by its current owner, is fitted with an exhaust gas cleaning system and will further improve the DHT fleet ...

RHB Bank Singapore analyst Alfie Yeo is keeping his “buy” call and target price of 6 cents on Marco Polo Marine 5LY 2% even though shares in the company surged by over 20% from 4.3 cents since Yeo’s last update on March 30. In Yeo’s view, the stock remains “on track for growth” as it remains in a “sweet spot” to deploy and operate its first commissioning service operation vessel (CSOV) by December 2023 or in the 1Q2024. This will come at a time when such vessels, which are used ...

Technology group Wärtsilä will partner with Transworld Group to apply the most advanced decarbonisation modelling capabilities to the bulk carriers sector of Orient Express lines of Dubai, owned by Transworld Group and Managed by Transworld Ship Management (TWSM), one of India’s premium private sector ship management firms. The aim of the project is to provide decision-making support by simulating the impact of efficiency upgrade technologies on the vessel’s environmental performance. The order with Wärtsilä was booked in December 2022. By creating and validating a digital model of the ‘TBC Prestige’ ...

End of May, the Schulte Group welcomed 200 guests at the Imperial Hotel in Tokyo to thank its long-standing clients and other business partners. The event was organised to celebrate and strengthen the Schulte Group’s engagement and relationships in Japan which is one of its most important markets. The Schulte Group has been active in Japan since the 1970s, when its first ship orders laid the foundation for the Group’s long-standing relationships with its Japanese business partners. Today, the Group has had its own office in Tokyo for 15 years ...

In the third week of May 2023, a delegation led by the Japanese Shipowners Association (JSA) visited Bangladesh, the world’s largest destination for ship recycling. The delegation included officers from JSA, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), and ClassNK. Representatives from leading Japanese shipowners, including K Line, MOL, NYK Lines, and NS United, were also part of the delegation. This marked JSA’s third visit to Bangladesh, but the agenda was different this time. Following a high-level summit attended by the heads of both nations in Tokyo at ...

Over 90% of the world’s trade is carried by sea, making maritime transport essential to the global economy. The International Maritime Organization has set ambitious targets for the maritime sector to reduce its emissions to combat climate change. From May 2023 onwards, two tankers transporting Neste’s renewable diesel from Finland to Sweden will be fueled with lower-emission marine fuel, namely Neste Marine™ 0.1 Co-processed. “We are committed to working with our suppliers and partners to reduce emissions across our entire value chain. Powering two tankers transporting our renewable diesel with ...

The acquisition of La Méridionale marks a new milestone in the development of CMA CGM’s specialized shipping division. Major plans for an environmentally friendly Mediterranean shipping company enhancing customer experience. Stated ambition of boosting Corsica’s reputation as a travel destination and increasing employment and training opportunities in the French shipping industry. The CMA CGM Group, a global player in sea, land, air and logistics solutions, has today finalized the acquisition of La Méridionale, a mixed-use freight and passenger shipping company established in Marseille since 1931. As the leading shipping company ...

Technology group Wärtsilä has signed an eight-year Guaranteed Asset Performance agreement with Japanese operator NYK LNG Ship Management. The agreement covers the two Wärtsilä X72DF main engines on an LNG Carrier vessel and is designed to maximise the vessel availability and ensure its operation from dry dock to dry dock. This is achieved by guaranteeing the maximum time between overhauls. This guarantee ensures the safe and reliable operation between docks and minimises the impact of the maintenance on the vessel availability. The improved availability results in increased vessels earnings with ...

Kalmar, part of Cargotec, is introducing a collision warning system for its manually operated straddle carrier portfolio as part of the company’s commitment to safety-first design. The system is available as an optional add-on for new machines and a retrofit upgrade for existing machines. It increases safety by providing the driver with both visible and audible warnings when there is a risk of collision, giving them more time to react to potential hazards. These timely warnings help to prevent or reduce the severity of collisions and also reduce stress on ...

Tristar Eships and MTM Ship Management announce the formation of Tristar-MTM Ship Management Pte Ltd, established to maximize value retention for ship owners and investors across the GCC, Africa and worldwide. Headquartered in Singapore with offices in Athens, Dubai and Mumbai, the Joint Venture will be managed by an independent team of ship management professionals overseen by senior members of the Tristar Eships and MTM Ship Management organizations. Tristar-MTM Ship Management manages vessels from the Tristar Eships fleet and will pursue 3rd party tonnage in due course. MTM’s long experience ...

As demand for West African dry bulk commodities continues to increase, the challenges of inadequateof inadequate infrastructure, road and rail access as well limited storage facilities continue to add cost and reduce efficiency for mine owners, intermediariesintermediaries, and consignees. As one of the world’s leading iron ore, manganese, bauxite producers West African countriesAfrican countries have huge potential to drive economic growth in the region. Shi.E.L.D. Services is a pioneer in dry bulk transhipment and the challenging environment has provided opportunities for the company. “We work in some of the toughest ...

HAV Group ASA has agreed to become industrialization partner for Pherousa Green Technologies AS (Pherousa), which is developing an ammonia cracker capable of converting ammonia to fuel cell quality hydrogen. The decision to join as Pherousa’s industrialization partner, follows today’s announcement from shipowner Pherousa Green Shipping AS who is in the design stage of placing an order for up to six highly modern green-profiled Ultramax dry bulk carriers for use in deep-sea shipping. The initial ship design is based on an existing Deltamarin Ultramax model, adapted for the Pherousa Green ...