USCG, ABS Approve Wireless Helm System for ATBs
U.S.-based autonomous marine systems developer Sea Machines announced on Tuesday that it has received class and regulatory approval to install its commercial wireless helm system aboard a class of U.S.-flag tugboats that support articulated tug-barge (ATB) sets, marking an industry first in wireless vessel control.The U.S. Coast Guard (USCG) and American Bureau of Shipping (ABS) approval for Sea Machines’ SM200 follows a review of the Boston-based company’s technology and the system’s applications aboard ATB tugs, deeming the system satisfactory for shipboard installation and trials.
APM Sells Rotterdam Terminal to Hutchison
The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports, owner of the adjacent ECT Delta terminal.The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent organisation with a 5-year volume guarantee from parent company, A.P. Moller-Maersk and no forced redundancies within 4 years of signing the agreement.Under the ownership of Hutchison Ports…
Maersk Names CEO for Shipping
Danish integrated logistics giant A.P. Moller - Maersk appointed Vincent Clerc as CEO of Ocean and Logistics and Henriette Hallberg Thygesen as CEO of Towage, Manufacturing & Others.“A year ago, we integrated our customer facing roles across the company. We are now ready to accelerate the execution of our strategy through increased commercial and operational integration,” says Søren Skou, CEO of A.P. Moller - Maersk and continues:“With the new leadership structure announced today, I am confident that we will increase the pace.
Vado Gateway Container Terminal Opened
The international container terminal operating company APM Terminals (APMT) said it has opened a new container terminal in Vado Ligure, on the Italian Riviera, which will be capable of handling 900,000 TEUs of containerized cargo.APMT has a 50.1% share in the “Vado Gateway,” while Cosco Shipping Ports has a 40% share and Qingdao Port International has a 9.9% share. APMT said the project is part of the “New Silk Road.” Chinese firms have invested in more than a dozen European ports…
Sea Machines & HamiltonJet Collaborate
Boston-based Sea Machines Robotics announced it has commissioned an SM300 autonomous control system aboard a HamiltonJet-powered workboat in New Zealand. HamiltonJet is now trialing this marine technology and has offered to provide on-demand customer demonstrations in the Southern Hemisphere.The combination of Sea Machines and HamiltonJet systems for commercial vessels will help enable autonomous control of commercial vessels executing nearshore or coastal missions. The integration of water-jets delivers increased maneuverability, precise station-keeping and even emergency stops. The internal nature of a water jet drive also increases confidence when running autonomously and allows shallower-water operation.
GE Brings in Maersk's CFO as Finance Chief
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.Carolina Dybeck Happe will start in early 2020 and replaces Jamie Miller, whose departure was announced earlier this year as new Chief Executive Officer Larry Culp seeks to simplify operations and generate cash after booking billions of dollars in losses.The company has been struggling with the fallout of a series of poor long-term financial bets…
MSC Appoints Toft as CEO of Cargo Business
Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined, the spokesman said.Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position.
Maersk: Container Outlook Uncertain
Maersk Join Forces to Develop LEO
A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace. As such, this industry has an urgent need to reduce its environmental impact.Maersk and Wallenius Wilhelmsen have teamed up with Copenhagen University and major customers including BMW Group…
Maersk Develops Ship Fuel from Alcohol
Danish shipping conglomerate A.P. Moller - Maersk has joined forces with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss and Marks & Spencer to explore LEO, a blend of lignin and ethanol, as a potential future sustainable shipping fuel.The LEO Coalition, which also includes Copenhagen University, will consider the environmental and commercial viability of LEO fuel for shipping. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.
The Quest to Develop IMO 2020 'bio' Fuels
Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green.International shipping accounts for 2.2% of global carbon dioxide emissions, according to the International Maritime Organization (IMO), more than aviation's 2% share.The IMO, a United Nations agency, has said it aims to halve greenhouse gas emissions from 2008 levels by 2050.Investor and activist pressure is prompting companies to look to speed up reducing the industry's carbon footprint.Denmark's A.P.
Study: Achieving Net Zero Impacts OPEX not CAPEX
A joint Lloyd’s Register (LR) and A.P. Moller – Maersk study assessing the transition to zero carbon fuels has found that the cost of transport will rise – not because ships themselves will require greater levels of investment but because new fuels are projected to be significantly more expensive than existing fossil solutions which will lead to increased operating costs.According to the study partners, achieving net zero is therefore an operating expense (OPEX) not a capital expenditure (CAPEX) challenge.
Maersk Lifts 2019 Profit Forecast; Shares Rise
Danish shipping company A.P.
INSIGHTS: Michael G. Johnson
Sea Machines Robotics CEO & President.Michael Gordon Johnson is a marine engineer, an accomplished entrepreneur and sector leader with a primary goal of building progressive and sustainable innovation for modern society. He is the founder of Sea Machines, a Boston-based tech company that is a leading provider of autonomous control and intelligent perception systems for marine vessels. Johnson earned a marine engineering degree from Texas A&M University before starting a career focused on complex projects in offshore oil and gas, marine transportation and salvage.
Shipping Sector Sets Course for Zero Carbon
Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Achieving this target will…
Maersk, Koole in Dutch Deal for 2020 Fuel
Maersk’s subsidiary Maersk Oil Trading has teamed up with Dutch liquid bulk storage operator Koole Terminals for the production of IMO 2020-compliant bunker fuel in the Port of Rotterdam.According to a Maersk statement, the production will take place at the Petrochemical Industrial Distillation (PID) unit, located at Koole’s Botlek site in the heart of the Port of Rotterdam. The toll distillation deal allows Maersk to produce VLSFO bunker fuel and will enable Maersk to further…
Sea Machines Demonstrates Autonomous Spill-Response Vessel
As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry, and today the company demonstrated its ability to increase the safety, productivity and predictability of response for marine oil-spill operations.
Maersk Q2 Beats Expectations Amid Trade War
The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134mln from USD 15mln in Q2 2018.“Q2 was a quarter of solid progress. EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean,” says Søren Skou, CEO of A.P. Moller – Maersk.
Rotterdam Port Lunches PortXchange
Port of Rotterdam Authority has launched new company PortXchange Products BV to make digital shipping app Pronto available to ports worldwide.PortXchange is set up to offer the Pronto platform and application to ports around the world over the next few years. The establishment of a separate company will enable partnerships with a variety of global players.Together with strategic partners Shell International Trading and Shipping Company Limited and A.P. Moller - Maersk, PortXchange…
Maersk Gets Saudi Ports Licence
The Saudi Ports Authority (Mawani ) has issued a license to the local subsidiary of Maersk in order to operate in all ports across Saudi Arabia.According to the state news agency SPA, the step comes along with the authority’s strategy to improve the efficiency and quality of performance and services offered in Saudi ports.The new Maersk shipping license is the fourth of its kind to be issued to foreign investors in the Kingdom. Maersk joins other major lines of Barwil, Hapag-Lloyd and the Mediterranean Shipping Company…
Containers Market to Reach $12bln by 2023
The global shipping containers market garnered $9.29 billion in 2017 and is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.Surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market, said a research report by Allied Market Research.However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth. On the other hand…
Denmark backs Britain's Hormuz Naval Plan
Denmark said on Friday it welcomed a British government proposal for a European-led naval mission to ensure safe shipping through the Strait of Hormuz and would consider a military maritime contribution.Britain has sought to assemble the mission in Hormuz, used by tankers carrying about a fifth of the world's oil, following Iran's seizure of a British-flagged ship in what London said was an act of "state piracy".The initiative won initial support from Denmark, France and Italy…
Containers Market to Reach $12bln by 2023
The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth.On the other hand…