Wärtsilä achieves new marine benchmark with hybrid solution for bulk carriers

The technology group Wärtsilä has achieved a new technology benchmark with the introduction of the marine sector’s first hybrid installation for a bulk carrier. This innovative system will be installed on the M/V ‘Paolo Topic’, a bulk carrier built at Onomichi Dockyard in Japan and managed by Marfin Management S.A.M. The project agreement …

NGO: 146 Ships Sent to South Asian Beaches

Platform publishes South Asia Quarterly Update #19There were a total of 193 ships broken in the second quarter of 2019. Of these, 146 ships were sold to the infamous scrapping beaches of South Asia, where working conditions are known to be dire and breaking practices cause irreparable damage to the coastal environment [1]. Between …

Quay crane waiting times reduced by 90% at APM

The implementation of new standard operational procedures for container lashing at APM Terminals Gothenburg has reduced quay crane waiting times by 90% and provides an enhanced customer experience.  Using ‘Lean’ methodology, which is being adopted across all of the company’s terminals around the world, a Transformation Team at APM Terminals …

K Line, Taipower, U-Ming, and Kuang Ming to Establish New Joint Venture Shipping Company in Taiwan

Kawasaki Kisen Kaisha, Ltd. (hereinafter “K” Line), Taiwan Power Company (hereinafter Taipower), U-Ming Marine Transport Corporation (hereinafter U-Ming), and Kuang Ming Shipping Corporation (hereinafter Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding(MOU)in Taipei, Taiwan on July 1. This new joint …

DP World Acquires Topaz for $1 Billion

Dubai, UAE, 1 July 2019: DP World PLC announces the acquisition of 100 per cent of Topaz Energy and Marine Limited (“Topaz”) from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for an enterprise value of $1,079 million. Topaz is a leading international critical logistics and solutions provider to the …