Paul Bartlett is a maritime consultant and editor of Seatrade's annual Green Guide and twice-yearly Middle East Workboat and Offshore marine publications, as well as being a former editor of Seatrade Maritime Review. Paul's vast experience of the maritime industry spans three decades and all the continents, and has included spells working in specialised ship finance companies.
Norway’s Eksportkreditt institute is offering a new financing set-up for Norwegian limited companies. Until now, such schemes have only been available for export transactions, rather than domestic operators.
Senior executives at products tanker pool operator Hafnia Management are quietly optimistic about their market in 2019 and beyond. Speaking of the demand supply balance, Hafnia ceo Anders Engholm told journalists: “We haven’t seen an imbalance like this in our favour for quite some time.”
Details of a new fleet growth strategy targeting 10% growth by 2021 were unveiled in Copenhagen yesterday.
Saudi Arabia is undergoing a transformation as Crown Prince and Chairman of the Council of Economic and Development Affairs Mohammad bin Salman bin Abdulaziz Al-Saud stamps his mark on domestic and foreign policy. Reform of the country’s port sector and a giant new shipyard are key initiatives.
Abu Dhabi Ship Building PJSC (ADSB) has reported net profit up by 70% to AED104.8m ($28.5m) for the 2017 financial year ending in December, representing its second-best performance ever. Gross profit for the year rose from AED256.1m ($69.7m) in 2016 to AED 277.1m ($75.4m).
A female humanoid robot called Alpha spent several minutes of her valuable time greeting journalists as they arrived at the Norwegian Maritime Competence Center (NMCC) in Ålesund, Norway, last week.
Ship propulsion and automation specialist Rolls-Royce Marine has launched its first Intelligent Asset Management (IAM) facility at the newly opened second-phase development of the high-tech Norwegian Maritime Competence Centre (NMCC) is Ålesund, Norway.
Ronald Spithout, Inmarsat Maritime President, describes 2017 as “the year of digitalisation”. Requests from owners and operators to connect their ships using Inmarsat’s Fleet Xpress (FX) broadband service have exceeded all expectations as Inmarsat continues to strengthen its ties with marine technology companies in its partnership programme.