Konecranes and Cargotec to Merge
Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec plan to merge to help speed up innovation and reap savings, they said on Thursday, sending both of their shares sharply higher.The boards of the companies, which provide road and sea-cargo handling machinery and services to industries, factories, ports and terminals, said they had signed a plan under which Konecranes would be folded into Cargotec in a merger of equals.Cargotec shares jumped around 25%, while Konecranes stock was up around 17%, giving a combined market value of around 4.5 billion euros ($5.3 billion
Wärtsilä Names Håkan Agnevall as President and CEO
Finland-based marine engine and technology provider Wärtsilä has appointed Håkan Agnevall as its next president and CEO.Agnevall, who currently president of Volvo's bus division, will start in his role no later than in April 2021, succeeding Jaakko Eskola, who will continue with the company as a senior advisor and executive until he retires on June 30, 2021, after 22 years with the group.Agnevall has been with the Volvo Group since 2013. In the decade prior to that he held various leadership positions in Bombardier and in ABB…
US Great Lakes Ports See Mixed Impacts from COVID-19
U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.7 million metric tons of cargo was shipped via the bi-national trade corridor. While these volumes were down 8% compared to the same time period in 2019, cargo shipments improved in June narrowing the year-over-year decline.Craig H.
Pandemic Forces Ship Owners to Shelve Scrubber Installs
Ship owners are postponing or canceling the installation of “scrubbers” that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances.Regulations from United Nations agency the International Maritime Organization (IMO), which took effect in January, were viewed by the oil and shipping industries as one of the first worldwide efforts to enforce environmental change.The rules aimed to make ships use fuel with a sulphur content of 0.5%, compared with 3.5% previously.
EU Approves Finnish Aid to Maritime Companies Impacted by COVID-19
The European Commission has approved a €600 million ($668.1 million) Finnish aid scheme to support maritime companies impacted by the coronavirus outbreak.The aid scheme will take the form of State guarantees on working capital loans and will be accessible to maritime operators that are essential for maintaining the security of supply to Finland during the coronavirus outbreak. The funds are intended to help these firms cover immediate working capital needs, maintain employment and have sufficient liquidity to continue their activities.
Konecranes to Deliver More RTG Cranes in Vietnam
Finland-based Konecranes said it has won another order from Ben Nghe Port in Vietnam for two BOXHUNTER RTG cranes. The cranes will be delivered in cooperation with Telin Group JSC in April of 2021. The order was booked in March 2020.Ben Nghe is centrally located on the Saigon River in Ho Chi Minh City, and serves both domestic and international container traffic. The port has been operating two Konecranes BOXHUNTER RTGs since 2017.According to the manufacturer, the BOXHUNTER RTG features a modern operating concept that puts the operator down in a cabin at the truck lane…
Wärtsilä to Cut 700 Jobs in Ship Unit Revamp
Finland's Wärtsilä plans to cut 700 jobs globally as the Finnish engineering group splits its ship technology business into three separate business units."Even though the timing is challenging, implementing the new organisation and modus operandi fast is important for Wartsila's future success," Vesa Riihimaki, head of Wärtsilä's Finnish operations said in a statement.Wärtsilä said 220 of the 700 job cuts would happen in Finland.($1 = 0.9229 euros)(Reporting by Tarmo Virki, editing by Louise Heavens)
Interview: A Return to Wind Power with Tuomas Riski & Norsepower
Norsepower CEO and co-founder Tuomas Riski has put a new spin on some established technology, bringing wind power back to shipping in an undeniably eye-catching manner. Here Nor-Shipping’s latest ‘Ocean Action Hero’ explains the benefits of his firm’s unique technology, his plans for building global market presence, and the key role Norsepower’s sails can play in enabling a more sustainable shipping industry. “But isn’t there a problem that some people think it looks, you know… a bit odd?” Tuomas Riski laughs at a question that you quickly get the feeling he’s dealt with before.
Port of Stockholm Reports Freight Bump
The supply of goods through Sweden’s third-largest freight port is functioning well despite the difficult situation resulting from the coronavirus pandemic, the Port of Stockholm said on Friday. The amount of goods transported via the port in March was up on the comparative monthly figures for the previous year.“Services at Ports of Stockholm function 24 hours a day, every day of the year. Thanks to our professional and dedicated personnel, we can offer the service and solutions our customers demand…
Valmet to Supply Automation for Expedition Cruise Pair
Valmet will supply automation and information systems for two luxury expedition vessels being built by Helsinki Shipyard Oy in Finland for Russia’s largest river cruise company Vodohod Ltd.The 113-meter-long and 20.2-meter-wide vessels will have an ice class of PC5 and a passenger capacity of 157 persons. Their draught is 5.7 meters, and cruising speed is 14 knots. The newbuilds will operate both in the Arctic and Antarctic waters as well as in the tropical waters during the spring and autumn seasons.Valmet’s delivery includes a Valmet DNA automation system…
Kuosa Named CEO of NAPA
Maritime software, services and data analysis provider NAPA announced the appointment of Mikko Kuosa as Chief Executive Officer. Kuosa assumes the position from Ilmo Kuutti, who served as CEO of NAPA Group for three years. Kuutti continues as an Advisor and a member of the NAPA Board of Directors.Mikko Kuosa, who joined NAPA in 1999, holds a master’s degree in Naval Architecture from Helsinki University of Technology, Finland. Since joining, Kuosa has taken on various leadership positions at NAPA.
Viking Continues Operations on Main Freight Lines
Finnish cruise ferry operator Viking Line announced Monday it will continue service on its "most important" routes despite concerns about the coronavirus outbreak."Taking the security of supply for Finland and Åland as well as the cargo transport demands into consideration, we continue freight traffic between Helsinki and Tallinn as well as on the Turku–Åland–Stockholm route," it said in a statement.“To safeguard the security of supply between Finland and Sweden, we are maintaining service on part of our routes.
Wärtsilä Simulation Technology for SAMK
The technology group Wärtsilä has delivered a navigation simulator and specific mathematical models to the Satakunta University of Applied Sciences (SAMK) in the city of Rauma, Finland. These will be used as an essential enabler in the Intelligent Shipping Technology Test Laboratory (ISTLAB) project, which aims at creating a technically precise testing environment for remotely controlled, autonomous vessels. The contract with Wärtsilä was signed in the 4th quarter of 2019.The test laboratory project is the first of its kind in the world…
USCG Advises on Minimizing Novel Coronavirus at Sea
The Coast Guard Assistant Commandant for Prevention Policy has published an update March 16, 2020 to MSIB: Novel Coronavirus – Update (Change 2)An outbreak of respiratory illness caused by a novel coronavirus (COVID-19) may affect mariners and maritime commerce. The Centers for Disease Control and Prevention (CDC) has updated their Interim Guidance for Ships on Managing Suspected Coronavirus Disease 2019 (see https://go.usa.gov/xdfyG) and Cruise Ship Travel (see https://go.usa.gov/xdfVP).Illness…
Viking Line Suspends Helsinki-Stockholm Service
Finnish cruise ferry operator Viking Line announced Tuesday that it will suspend service between Helsinki and Stockholm due to the developing COVID-19 coronavirus pandemic. Finnish authorities have closed the country’s borders during the state of emergency in effect in Finland.“To safeguard the security of supply between Finland and Sweden, we are maintaining service on the Turku–Åland–Stockholm route. We are also still making one sailing to Tallinn from Helsinki six days a week.
Trump Says Cruise Lines Suspend Departures for 30 Days
U.S. President Donald Trump on Friday said that major cruise lines would suspend cruises for 30 days, following a series of industry announcements that came after repeated transmission of coronavirus among passengers at sea.“At my request, effective midnight tonight, Carnival, Royal Caribbean, Norwegian, and MSC have all agreed to suspend outbound cruises for thirty days,” Trump said on Twitter.“It is a great and important industry – it will be kept that way!” he added.Royal Caribbean Cruises Ltd said earlier on Friday it was suspending its cruises in the United States for 30 days…
New Port Cranes Arrive in Savannah
The Port of Savannah received three Neo-Panamax ship-to-shore cranes on Tuesday, bringing its total to 36, more than any other single terminal in North America."Along with dock improvements at Garden City Terminal, our growing crane fleet will allow Savannah to serve four 14,000-TEU vessels simultaneously by 2023," said Georgia Ports Authority Executive Director Griff Lynch. "We're already moving containers from vessel to rail in 24 hours, and these investments will help to ensure cargo fluidity as our business grows."The new cranes…
Business and Personnel Considerations in the Age of Autonomous Ships:
There is much talk among maritime professionals about how automation and autonomous vessels will make the industry safer. In truth, innovation will be driven by the bottom line and will take time before it is commonplace in the industry. Early examples are likely to be limited to smaller vessels and coastal waters. Autonomous ships are predicted to reduce human error, a major driver of accidents, but crews will still have an important role on board vessels for the foreseeable future.Recent TrialsIn December 2018…
Turku Shipyard Doubles the Order
Finnish shipbuilding company Meyer Turku Oy (known as the Turku shipyard) announced that the supply orders of the shipyard got almost doubled in two years."The value of supply orders to the shipyard has grown very strongly. It has almost doubled in two years (+ 84 %). The value of the supply orders was approximately EUR 933 million in 2018 when the corresponding figure in 2016 was approximately EUR 508 million," said a press release from the shipbuilder located in Turku, Finland…
Tallink to Repair Silja Europa at Turku Yard
Estonian shipping company Tallink Grupp said that its vessel Silja Europa has set sail to Turku Repair Yard in Naantali, Finland for scheduled maintenance and planned renewal works that would make the ship more environmentally friendly.The 1993-built vessel will stay in Turku Repair Yard for two weeks, returning to the Tallinn-Helsinki route on February 9, said a press note from the provider of mini-cruise and passenger transport services in the northern Baltic Sea region.During the scheduled docking, the vessel will undergo considerable renovation of several key passenger areas.
New LNG Bunkering & Fuel Supply System Simulator
Wärtsilä has launched a new LNG Bunkering & Supply System simulator. The simulator will promote greater safety on board liquefied natural gas (LNG) fueled vessels by improving the level of training for operators of LNG systems. The design is based on the Wärtsilä LNGPac and Gas Valve Unit (GVU) technologies, and includes all auxiliary systems used in connection with the fuel supply. The design is also in accordance with the STCW requirements for training seafarers onboard gas…
Gasum on an Acquisition Spree
Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG."These acquisitions will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport," said a press note.The transaction will improve access to competitive natural gas and biogas…
Danfoss Editron Appoints Tenhunen as Marine Director
Danfoss Editron has appointed Erno Tenhunen as its new Marine Director. He will lead the company’s marine business, with overall responsibility for sales, the delivery of projects and developing new systems technology at a time when electrification is a hot topic in the global marine industry.Tenhunen adds nearly 20 years’ experience to Danfoss Editron’s established marine team. He joins the company from ABB, where he had spent his entire career. After initially starting as a Project Manager…
NAVIGATE 2020 has announced increased participation from leading Finnish and Nordic companies and maritime professionals during its upcoming event on January 22nd and 23rd.NAVIGATE 2020 brings together the shipowners and operators, the terminal operators and regulators, and importantly the next generation of industry into one room to collaborate and discuss the future challenges and opportunities.The Intelligence Hunt 6 is the main event at the NaviGate2020 Maritime Trade Fair.
Costa Smeralda Floated Out
Italian cruise line Costa Cruises said that Costa Smeralda is the first ship in the Costa fleet to be fueled by liquefied natural gas (LNG). "This is a step change for the cruise industry as a whole, guaranteeing a substantially reduced environmental impact," it said."Costa Smeralda is the first ship in the Costa fleet to be powered both in port and at sea by LNG, meaning improved air quality and protecting the environment with the virtual elimination of sulfur dioxide emissions (zero emissions) and particulate matter (95-100% reduction).
Carnival Delays Launch of Mardi Gras Ship
Florida-headquartered international cruise line Carnival Cruise Line announced that the debut of its newest ship, Mardi Gras, will be pushed back until Nov. 14, 2020 after the Meyer Turku shipyard in Finland informed the cruise line “that the delivery will be delayed.”With this new schedule, Carnival will now take delivery of the ship in late October and its first revenue sailing will depart from Port Canaveral on Nov. 14, 2020. Consequently, the first eight sailings that were scheduled starting Aug.