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LgMAR and SHIPNEXT sign a partnership agreement to revolutionise the Shipping market

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LgMAR and SHIPNEXT sign a partnership agreement to revolutionise the Shipping market. Image: Pixabay
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LgMAR, a well known by the name of their Shipping related email software, and SHIPNEXT – a Digital Shipping Marketplace, have formed a partnership. This brings the shipping and chartering world to a new dimension, which majority of the companies were long looking for – digital interconnectivity.

In the last years Shipping sector in particular, and Transportation industry in general, had seen many individual startups trying to innovate the workflow. The problem, however, was that neither one of the solutions offered a complete set of solutions. It is these short-falls, that never actually allowed a broad use of any single solution, and so everyone stayed with their ever glowing data flow and, predominantly, emails.

Interconnectivity, however, has been heard in the air for over a year now. Just as blockchain hype started to transform into actual understanding of the concept and the technology, companies acknowledged the importance of interconnectivity as a way of securing reliability of data flows.

Since its start in 2016, SHIPNEXT developed a unique patented concept of processing emails, and structuring the data for instant Cargo-to-Ship matching, and further, optional, freight trading on the Digital Shipping Marketplace. This allowed its users to either manage their internal emails flows, or, optionally, have their internal data enforced with data from the Digital Exchange – SHIPNEXT Marketplace, adding thousands of Cargo and Open Ship positions from the Marketplace. Uniquely SHIPNEXT covers both heavy-lift, as well as dry-bulk and wet-bulk cargo. In a few months, however, SHIPNEXT will also allow instant comparison of break-bulk freight with those of container freights.

A normal manager would not be able to handle that much data at once, as information flow and cargo combinations result in thousands of emails and messages. So SHIPNEXT uses Natural Language processing, Machine Learning, Artificial Intelligence, and Big Data Analysis to help instant data processing, with the help of other data points such as fleet data and open positions, navigational restrictions, port costs and restrictions, weather, etc.

This, ultimately, will help brokers, shipping and logistics managers receive verified and reliable data right in their Work Station – TELIX.

TELIX, on the other hand, has been a product of choice in the Greek shipping community. It is a very sophisticated email software with tools required by the Brokers and other shipping professionals for communication and trading. Each of TELIX users will not get an option to further enhance their Email Solution to more of a “Workstation”. This will, above all, allow instant Freight search, Cargo-to-Ship matching, access to over 17.000 daily open ship positions, port-related data, automated freight calculator, bunker and port costs, and more.

Optionally, through partnership between LgMAR and SHIPNEXT, each user of TELIX receives a chance for a seamless flow from receiving a freight request and down to creating an Shipping Contract and an Electronic Bill of Lading.

This cooperation will further empower Shipbrokers which will, as has been proof-tested, become some 7-8 times more efficient in managing their workflow.

Container Terminal

Konecranes wins order for 20 RTG cranes in Nigeria

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Konecranes wins order for 20 RTG cranes in Nigeria. Image: Wikimedia/ Media Club
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Konecranes has won an order for 20 RTG cranes from APMT’s West Africa Container Terminal in East Nigeria. The order was booked in two parts, the first in December 2019 and the second in January 2020. Delivery is scheduled for Q4 2020 – Q2 2021.

APMT’s West Africa Container Terminal (WACT) is located in Onne Port, part of the Onne Oil and Gas Free Zone in Nigeria. It was one of the first container terminals to be built in Nigeria under public/private ownership. It offers excellent hinterland connections to the rest of Nigeria. The WACT is upgrading its container handling operation from reach stackers to RTGs to achieve greater stacking density, throughput and productivity.

The Konecranes RTGs on order are diesel-driven, 16-wheel machines stacking 1-over-5 high and 7 containers + truck lane wide. They are equipped with Active Load Control, Auto-steering and Auto-TOS reporting.

Mohammed A. Ahmed, Managing Director of APMT Nigeria said: “As testament to APMT’s long-term commitment to East Nigeria, we have signed a contract with Konecranes for the delivery of 20 RTGs to Onne Port. This is part of our earlier announced expansion of the existing terminal capacity, a USD 100 million investment, that started last year and that will be fully in place shortly. The expansion plan will deliver sufficient capacity to meet the envisaged growth in East Nigeria for the next 15 years.”

Ville Hoppu, Sales Manager, Konecranes Port Solutions, said: “We’re very pleased to have received this order from APMT, one of the world’s leading container terminal operators and a long-time user of our RTG cranes. We have many customers on the west coast of Africa and Onne will be in good company.”

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Maritime

MOL to start joint development for the digitalization of FSRU

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MOL to start joint development for the digitalization of FSRU. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced that it has reached an agreement for joint development of technologies and solutions for the digitalization of Floating Storage and Regasification Unit (FSRU) (Note 1), in partnership with Daewoo Shipbuilding & Marine Engineering (DSME; CEO: Sung-Geun Lee).

Through this collaboration, detailed operational data will be collected from FSRU and stored in a cloud-based data platform to develop applications for advanced remote operation monitoring and optimizing etc.. The project will enhance safe and efficient operation, which will further deepen cooperation between FSRU and shore-based facilities.

MOL works on this collaboration in cooperation with MOL’s “FOCUS” Project (Note 2) intended to enhance the collection and application of FSRU operation data.

(Note 1)
Floating Storage Regasification Unit. A floating facility for storing and regasifying LNG, which is then pressurized and piped ashore.

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Environment

A.P. Moller – Maersk links new $5.0bn revolving credit facility to its CO2 performance

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A.P. Moller - Maersk links new $5.0bn revolving credit facility to its CO2 performance. Image: Pixabay
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A.P. Moller – Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company.

The facility refinances the undrawn $5.1bn facility maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve.

“We have received strong support from our global relationship banks. The facility was substantially oversubscribed, and we are pleased with the terms and conditions of the new facility. With the new facility we have extended the maturity profile of our finance commitments, while aligning with our sustainability ones,” highlights Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands.

The credit margin under the facility will be adjusted based on Maersk’s progress to meet its target of reducing CO2 emissions per cargo moved by 60% by 2030, which is significantly more ambitious than the IMO target of 40% by 2030 (all 2008 baseline).

In 2018 Maersk announced its commitment to becoming carbon neutral by 2050. The new finance facility affirms Maersk’s efforts to drive sustainability into its operations and supply chains.

“We are determined to reach our ultimate target of becoming fully carbon neutral by 2050, and this agreement serves as another enabler for us to deliver on that ambition. Given the lifespan of our fleet, we need to find new and sustainable solutions to propel our vessels within the next 10 years. To realize this ambitious commitment, we are partnering with researchers, regulators, technology developers, customers, energy providers – and now banks,” explains Henriette.

Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.

Banco Bilbao Vizcaya Argentaria, S.A., London branch, DNB Bank ASA, Industrial and Commercial Bank of China (Europe) S.A., Brussels branch, ING Bank, J.P. Morgan Securities Plc, Mizuho Bank, Ltd., Morgan Stanley Bank International Limited, Natwest Markets Plc, Sumitomo Mitsui Banking Corporation, Société Générale and the Standard Bank South Africa Limited, Isle of Man branch, joined as lead arrangers.

Crédit Agricole and SEB acted as Sustainability Coordinators. MUFG acted as Documentation Agent and BNP Paribas as Facility Agent.

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