Maersk to offload container manufacturing business
29 September | BUSINESS & REGULATION
Danish container shipping firm AP Moller-Maersk has agreed to divest its reefer manufacturing business, Maersk Container Industry (MCI), to China International Marine Containers (CIMC).
The deal, which awaits regulatory approvals, is valued at $987.3m on a cash and debt-free basis. The transaction is anticipated to complete in or before 2022, and until this time, MCI and CIMC will carry out their operations as two separate companies.
Under the deal, CIMC will acquire MCI’s complete organisation and assets, including the R&D and test engineering centres in Denmark and reefer factory in China.
26 october | Technology
Two Indonesian ports opt for Innovez One’s AI-driven tech
Indonesian state-owned port services company Pelindo has chosen maritime software provider Innovez One to supply its marineM digital platform for the Ports of Balikpapan and Belawan.
The solution will allow the ports to digitise the entire pilotage procedure as well as gather accurate operational data for feeding into the billing process.
Supported by marineM’s artificial intelligence-based algorithms, this is projected to save time, cut down errors and support the optimisation of both vessel and berth allocation.
The marineM job planner, a marine operating system, will also streamline marine services for arriving and departing ships.
22 october | vessels
Exmar and Lattice to cooperate on CO₂ carrier development
Belgium-based Exmar has reached an agreement with Lattice Technology to jointly develop a new kind of CO₂ carrier, which will also support the transportation of liquefied petroleum gas and ammonia.
Through a Joint Development Company, the partnership will integrate Exmar’s expertise in the design, ownership and operation of gas carriers with Lattice Technology’s competence in developing tank designs for carbon transport.
For optimising logistics, the design and size of the ship will be adjusted to carry the required transport volumes.
With a cargo capacity of 40,500m³, the initial concept of the carrier has been designed as a 195m-long Panamax beam vessel.
18 October | Operations and Maintenance
Iran to introduce new shipping lines to Russia and Kazakhstan
The Trade Promotion Organization (TPO) in Iran has reached a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to provide shipping lines from the country’s northern ports on the Caspian Sea to Kazakhstan and Russia.
The development will be implemented in two phases. Citing the TPO portal, Tehran Times said that under phase one, six lines will be introduced.
These lines will have been launch from the northern ports of Iran to the ports of Astrakhan and Makhachkala in Russia, along with Kazakhstan’s port of Aktau.
Under the next phase, the number of lines will be increased to eight by the end of March 2022.
14 October | BUSINESS & REGULATION
Tianjin Xingang announces closure amidst heavy debts
Debt-laden Tianjin Xingang Ship Heavy Industry in China is reportedly planning to cease all operations by the end of this month.
Despite the recent revival in shipbuilding orders in conjunction with the country’s global leadership in the shipping sector, the company is undergoing closure.
As reported by the Shanghai International Maritime Information Research Centre, the shipyard is shutting down for the second time in its lifespan owing to heavy debts.
This decision follows a lack of sufficient profits from operations during recent years.
Tianjin announced that it has discharged its labour contracts with personnel, and intends to close its operations and cease production by the end of the month.
19 April | TECHNOLOGY
UK COMPANY COMPLETES AIR LUBRICATION FUEL TRIALS
UK-based Silverstream Technologies has completed trials of its air lubrication system, Silverstream System, on a Shell-chartered 170,000m³ liquefied natural gas (LNG) carrier, named Methane Patricia Camila.
The system is claimed to have shown approximately 6.6% net savings after its operational testing.
To analyse the fuel and emissions savings, the technology was tested at several vessel speeds at the time of the Methane Patricia Camila’s normal operations, and its unique design is claimed to increase fuel and emissions efficiency.
The Silverstream System produces a thin layer of micro-bubbles along the entire flat bottom of the vessel, thereby reducing the frictional resistance between water and hull.
During its October 2020 dry docking at the Sembcorp Marine Admiralty Shipyard in Singapore, the system was retrofitted on the 2010-built LNG carrier.
Silverstream Technologies founder and CEO Noah Silberschmidt said: “Shipping requires solutions to solve the decarbonisation challenge today. With fuel bills only set to rise in the future, owners need to invest in fuel-agnostic technologies that are proven to save costs and emissions, without impacting the flexibility or profitability of the vessel. We are proud of the role that our technology can play to solve this challenge.”
EBRD and IFC to support Chornomorsk Port upgrades in Ukraine
The European Bank for Reconstruction and Development (EBRD), along with the International Finance Corporation (IFC), has extended support to overhaul Ukraine’s Chornomorsk Port.
EBRD and IFC will back the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in tendering a public-private partnership for the port’s modernisation.
Bunker One and Red Sea Bunkering announce strategic alliance
Marine fuel suppliers Bunker One and Red Sea Bunkering have forged a new strategic alliance, with the goal of making Djibouti a key bunkering hub.
This commercial partnership is expected to unify Djibouti-based Red Sea Bunkering’s operational experience and Bunker One’s experience in the supply chain.
Kongsberg and CMI to collaborate on development of sustainable solutions
Kongsberg Maritime and China Merchants Industry have signed a memorandum of understanding to provide sustainable solutions to shipowners globally.
The two companies will work together on the design and fit-out of particular types of vessels to aid shipowners in their eco-friendly long-term investments.
WCCF secures contracts to support sustainable ship operations in US
US-based West Coast Clean Fuels has finalised delivery service agreements to develop, permit, oversee, and operate end-to-end clean fuel supply chains for two decarbonised maritime ship operations.
These projects, which are said to be the first of their kind, include one ocean-going and one port-related operation at two California ports.
13 october | ports
Maersk reroutes big cargo vessels away from Felixstowe, UK
Danish container shipping firm Maersk has reportedly started re-routing some of its biggest ships away from the UK’s Port of Felixstowe.
Due to congestion of containers at the port, the company’s ships have been diverted to other European ports, reported The Financial Times.
The company has arranged smaller vessels to transport deliveries to the UK from European ports.
Maersk global ocean network head Lars Mikael Jensen told BBC Radio 5 Live that some of its biggest 20,000-container vessels were waiting outside Felixstowe for nearly four to seven days.