CMA CGM Launches Trade Finance Service
French shipping line CMA CGM has launched Shipfin Trade Finance (STF) , its new range of financing services dedicated to importing and exporting, in partnership with invoice finance platform Incomlend.The STF portfolio of products is, according to the carrier, “simple, reliable and rapid,” offering importers and exporters tailored financial solutions ranging from extended payment terms to financing advances.CMA CGM Group further explained that it wants to support its customers’ business through financing solutions tailored to their needs.
CMA CGM Launches SHIPFIN Trade Finance
CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing;CMA CGM is accelerating its Customer Centricity strategy to offer its customers tailor-made solutions supporting the development of their business.Discover SHIPFIN Trade Finance…
Hamburg Süd, Maersk Strengthen Portfolio
Hamburg Süd has strengthened its product portfolio on the Europe with new stand-alone service offered in collaboration with Maersk.The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in Hamburg Süd’s global network of liner services. In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.According to a press release, the serice will have maximum flexibility for tailor-made solutions…
BigLift, Chung Yang Join for LNG Heavy Transport
BigLift Shipping and Chung Yang Shipping from South Korea have reached an agreement for cooperation in heavy transport shipping in LNG, oil and gas markets.A joint press release said that their four heavy transport vessels (HTVs) will be commercially operated by BigLift Shipping.With this combination of two pairs of sisterships – BigLift Barentsz and BigLift Baffin and CY Interocean I and CY Interocean II – the companies are ready to meet the future demands in the LNG, Oil and…
APM Terminals Pushes Solar Energy in India
South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport, technical and procedural challenges.The company is now offering a new end-to-end solution for major solar projects, which includes receiving cargo at the sea-port, facilitating customs inspection and clearance…
Van Oord Develops Deep Dredging Solution
Over the past few years, Van Oord has developed a new technique for dredging at great water depths. This Deep Excavation System (DES) is an innovative method to prepare a sea bottom profile for installing offshore pipelines. The system has been patented by Van Oord. Uneven sea beds are traditionally prepared for laying offshore pipelines by installing large volumes of rock. As an alternative to this Subsea Rock Installation (SRI) method, Van Oord has applied the Deep Excavation System in Australia and Norway.
Product Tanker in Improved UK Drydock
A&P Falmouth's modified dry-dock No. 4 accommodates a Bernhard Schulte-owned product tanker for survey. Bernhard Schulte’s product tanker Bomar Senda (formerly Ditte Theresa) entered the newly modified drydock (which has a pit excavated to facilitate thruster and sonar removals) for its first special survey. A&P Falmouth’s No 4 dock is of length 172.50m, breadth at entrance 26.21m, with a newly-excavated pit 8.5m long x 6m wide x 2m deep, offset 1m to the east. A&P Group operate seven dry docks across three strategic locations in the UK.
Graig and GMI Team up to Deliver Safe Havens for Shipping Lenders
The Cardiff-based Graig Group has teamed up with Global Maritime Investments to provide shipping lenders with tailor-made solutions for problematic shipping exposures. Working together the two groups will provide lenders with workout solutions, safe havens and exit routes for distressed assets and underperforming shipping portfolios. The joint approach brings together the long-term ship management experience and bank contacts of Graig and the outstanding freight market expertise of GMI.
Hydrex Repairs Save Time
Hydrex diver/technicians carried out three separate repairs on a 118-meter general cargo vessel while the ship was at anchorage off the coast of Port Gentil, Gabon. These on-site repairs allowed the customer to save precious time and money. The entire operation was supervised and coordinated by the Hydrex team leader from inside a monitoring station. A detailed inspection of both the outside and inside of the bulbous bow revealed that the entire area had been damaged. The bottom of the bow was heavily indented.