A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. The move is aimed at bolstering Maersk’s capabilities as an integrated container logistics company.
Eleven years ahead of schedule, Taiwanese shipping company Yang Ming Marine Transport Corporation managed to accomplish the International Maritime Organization (IMO) target of reducing carbon intensity by at least 40 per cent by 2030.
Air lubrication technology manufacturer Silverstream Technologies in collaboration with the University of Southampton, has been awarded an Innovate UK Knowledge Transfer Partnership (KTP) grant. Under the two-year partnership, an associate of the university will work with Silverstream’s technical te
Japanese electronics company Furuno has acquired Danish company EMRI A/S, specializing in autopilots, steering control, joystick dynamic positioning, and maneuvering systems. EMRI is an original equipment manufacturer of steering control systems, provided to over 1000+ vessels within the cruise and
Nautilus Labs and Insatech Marine have announced a partnership to jointly deliver end-to-end instrumentation and data transmission that gives more shipping businesses access to Nautilus’ predictive decision support solution.
More than 50 Singapore based startups to get liquidity boost
The shipping industry has been fairly slow in adopting digitalization, due to its conservative nature. Nevertheless, over the past few years, the pace of digitalization has sped up considerably and especially following the coronavirus pandemic. As the potential of digitalization is being unlocked, t
The path toward decarbonization of the shipping industry in line with the IMO 2050 target – a reduction of 50% by 2050 compared to 2008, which still fails to deliver fully on the Paris Agreement objectives, is filled with uncertainty, which might be the main obstacle to the very vision this journey
Port operator Gulftainer has launched the Future of Ports Startup Challenge 2020 to identify startups from across the globe with the ambition to lead the transformation of the port management and logistics industries. Gulftainer has partnered with the Global Silicon Valley labs (GSVlabs), a global i
Europa 2, a cruise ship operated by Germany-based cruise line Hapag-Lloyd Cruises, has had its cold ironing connection certified by the classification society DNV GL.
Container shipping companies’ fight to maintain freight rates high through capacity management seems to have paid off, beating forecasts on carrier profitability. The liners’ ability to adapt to the new normal through a disciplined approach to the deployment of ships comes as a surprise as dwindling
The entire fleet of Danish shipping major Maersk Line is to be equipped with Wilhelmsen’s Timm ropes featuring Snap Back Arrestor (SBA), the Norwegian maritime group said.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact. In order to be able to chart its path forward, MOL had t
PSA Marine (Pte) Ltd has partnered up with Bureau Veritas Marine Singapore and Maritime and Port Authority of Singapore (MPA) in a project that involved conducting a remote marine survey for PSA Aspen, an LNG dual-fuel PSA Marine harbour tug. The project marks the first time a harbour tug registered
