WiseTech Global Acquires Ready Korea
Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution, which facilitates the lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verification, along with bonded warehouse management.Ready Korea also…
Vessel Op Costs to Rise in 2019 and 2020
International accountant and shipping adviser BDO said total operating costs in the shipping industry are expected to rise by 2.5% in 2019 and by 2.7% in 2020.Responses to the firm’s latest annual Future Operating Costs Survey revealed that insurance is the cost category likely to increase most significantly in both 2019 and 2020. In the case of protection and indemnity insurance, the predicted increase is 2.0% for each of the years under review, while hull and machinery insurance…
ChartCo Opens New Office in Greece
ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this region for the shipping industries.The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore, cruising and superyachts all around the world and has a prominent presence of offices in the UK, Europe and Southeast Asia.Over the past decade…
ChartCo Names Malaika D’souza for Americas
ChartCo, the provider of navigation and compliance solutions shipping, named Malaika D’souza as its new representative for the North and South American regions.According to the distributor of navigational data, nautical charts, marine technical publications and digital products, Ms D’souza, who has successfully grown ChartCo’s revenues and customer relationships across India and the Middle East over the past 3 years has now relocated to Toronto to take up the full-time position…
Alfa Laval’s Lindmark Takes on New Role
Anders Lindmark, formerly Head of Alfa Laval PureBallast, has transitioned from ballast water treatment into another compliance application. As Business Unit President, Gas Systems, he now oversees the Alfa Laval PureSOx offering in exhaust gas cleaning.On May 1, Anders Lindmark stepped into his new role as Business Unit President, Gas Systems. The move follows years of service in ballast water treatment, comprising a number of key milestones for Alfa Laval PureBallast 3. Besides cementing itself as the leading ballast water treatment solution, the system became a forerunner with U.S.
ADNOC, Inpex in LNG Bunkering Pact
ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press release from the Abu Dhabi-based integrated shipping and logistics company.The use…
New Bunker Supplier Eyes Houston/Galveston Market
GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post 2020 bunker fuels to be produced in Texas. The Company has secured working capital funding from a Texas-based private equity group and has entered into agreements for physical marine fuels storage at Texas International Terminals in Galveston, beginning July, 2017.
Cloud-Based Global Trade Management: the Sky is the Limit
A new, cloud-based solution leverages global trade compliance to streamline trade and logistics. The global supply chain might never be the same – and that’s a good thing. Global Trade Management (GTM) can be defined as the practice of streamlining the entire lifecycle of global trade across order, logistics and settlement activities to improve operating efficiencies and cash flow. Separately, IT research firm Gartner defines foreign/global trade compliance (GTC) as “a category…
Definitive Study On The Impact Of Global Sulphur Regulations
Marine Energy Consulting Ltd. (MECL) and 20|20 Marine Energy, two leading consultancies in this field, today announced that they will collaborate to produce a comprehensive evaluation of the impact of MARPOL Annex VI global sulphur regulations on the shipping industry. The study will include a detailed impact assessment of the regulations, as well as insights into compliance solutions, enabling recipients to make more informed decisions when developing strategies to both manage the transition, and the future.
Adrian Tolson Launches 20|20 Marine Energy
A new consultancy established by well known industry veteran and leading marine energy expert Adrian Tolson, was launched Tuesday. A new consultancy, 20|20 Marine Energy, was launched to help companies create and implement strategies for purchasing and selling marine energy, as well as supporting the development of bunkering infrastructure. In a changing market of increasing risk and complexity, 20|20 works with ship owners, operators and financial institutions on the buy-side…
IRClass Announces New Appointments
Indian Register of Shipping (IRClass) has announced three new senior appointments aimed at boosting its presence in key international maritime centers. The new appointments in Singapore and London are part of IRClass’ strategic plan to expand its capabilities and geographical reach to meet growing demand in these vital markets. Mr. Narayanan Shankar joins as Senior Vice President of Business Development in Singapore. He will co-direct business development and strategy with Mr Anil Devli, Chief Operating Officer (Commercial) of IRClass.
TRACE Certification Sends Message
Gulf Agency Company (Egypt) Ltd is the latest GAC company to become a member of anti-bribery body TRACE International, underlining its strong commitment to ethical corporate conduct. TRACE International, Inc. is a non-profit group that offers practical and cost-effective anti-bribery compliance solutions for multinational companies which are required to demonstrate transparent business practices regardless of pressure, local law or custom. GAC Egypt's certification comes after a stringent due diligence review of every aspect of its operations and key managers…
GAC Bahrain TRACE Certified
GAC Bahrain has its commitment to ethical business practices confirmed with certification by TRACE International. TRACE International Inc. compliance solutions for multinational companies. To gain certification, GAC Bahrain underwent a series of extensive evaluations throughout 2012, including a due diligence review. GAC Bahrain is one of the largest shipping and forwarding agencies in the country. Its Logistics Centre in Muharraq is the first of its kind in Bahrain, offering multi-modal options – road, sea, and air – under one roof.
Safety Training Organizations Unite
Falck Alford announced it has completed the acquisition of Occupational Safety Training, Inc., a player in safety services within the gulf coast region. Falck Alford, a company focused on continuously building diversified safety solutions, offers safety training, personnel services and compliance solutions on a global scale. The acquisition of OST complements and expands Falck Alford’s footprint to reach new market opportunities and allow an even greater safety solution by integrating the existing offerings of both companies.
Hi-tech Strategic Partnership Between Eniram & Chinese Company
Eniram forges strategic partnership with Headway Technology of Quingdao, China, to deliver maritime energy efficiency & environmental compliance solutions. Eniram Limited, a fast-growing Finnish provider of real-time decision support solutions for the shipping and marine industry announce its partnership with Headway Technology Co. Ltd., Qingdao (China). The new Chinese partner specializes in professional R&D, manufacturing and sales and services of high-tech marine equipment and solutions across the globe.
Moore Stephens Strengthens Regulatory Advisory Team
Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager. John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which has enabled him to support insurers and brokers in establishing effective compliance solutions. He has a strong commercial background, having acted as operations director with a personal lines insurer, compliance director with a commercial insurance broker and most recently training and advising senior management in the management of risk at JLT Group.
Descartes to Acquire IES
Descartes Signs Definitive Agreement to Acquire Integrated Export Systems Business; Adds a Robust Freight Forwarder and Customs Broker Community Specializing in Processing Shipments Originating in Asia. Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has signed a definitive agreement to acquire substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited (collectively referred to as "IES") for approximately US$35 million in cash.