German container shipping company Hapag-Lloyd has decided to implement a global vessel risk surcharge (VRS) following recent maritime incidents in the Gulf of Oman.The container line said that operating costs for its services have increased…
APM Terminals Gothenburg has managed to cut quay crane waiting times by as much as 90% by implementing new standard operational procedures for container lashing. This translates to a reduction from 38 minutes to just four.Using ‘Lean’ methodology…
The European Investment Bank (EIB) has signed a EUR 14 million venture loan agreement with Sweden’s Cimco Marine AB to co-finance its innovation and growth investments.As per the unsecured credit facility agreement, the EIB will finance up to…
Cimco Marine AB, the maker of OXE Diesel, the world's first diesel outboard engine in the high-power segment, announced that Per Wigren has been appointed chief technology officer (CTO).The Swedish company said that Per Wigren assumed the role of CTO at Cimco Marine AB on July 1…
Dutch seaports processed a record volume of goods in 2018 as the throughput of containers increased the most, reported the Central Bureau of Statistics (CBS).According to Statistics Netherlands (CBS), the total volume of incoming and outgoing…
South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) has partnered with Yuchengco group-led construction firm EEI Corp in Philippines.In a stock exchange announcement, EEI said that it formed a partnership with HHIC for upcoming construction projects…
Azerbaijan Caspian Shipping Company (ASCO) has hosted a meeting with the guests from the United States of America.The meeting was attended by Robert Sekuta, former US Ambassador Extraordinary and Plenipotentiary to Azerbaijan in 2015-2018, former Read Admiral Ron MacLaren…
More women are joining the maritime ranks in a variety of professions within the industry, said International Maritime Organization (IMO).To encourage this trend, IMO supported a training course aimed at female officials from maritime and port authorities…
Estonian shipping company Tallink Tallink Grupp has borrowed EUR 197.6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy.The loan agreement was concluded between AS Tallink Grupp subsidiary Tallink Superfast Ltd…
Panama's Maritime Authority said on Thursday that Grace 1, a giant Iranian oil tanker seized by British Royal Marines in Gibraltar, was no longer listed in Panama's international boat registry as of May 29.The Panamanian authority added that…
A.P. Moller-Maersk have joined other major container shipping companies in increasing prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area.Attacks on two oil tankers in the Gulf…
Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving…
Saudi Arabia’s Rawabi Vallianz Offshore Services (RVOS) has contracted Netherlands-based Praxis Automation Technology to deliver dynamic positioning systems for its fleet of offshore support vessels (OSVs) operating out of the country. RVOS…
The Maritime and Port Authority of Singapore (MPA) has announced that reclamation work for Tuas Terminal Phase 2 began ysterday (4 July), with the installation of the first caisson.Singapore’s next-generation trade hub has commenced at a ceremony attended by Dr…
German-based cargo container shipping line Hapag-Lloyd AG has placed a record order for 13,420 refrigerated containers, known as reefers, which are set for delivery in November 2019.A statement from the fifth biggest container shipping line…
