UKRAINE NEWS: Ukraine war’s impact on trade and development

UNCTAD’s rapid assessment of the war’s impact beyond the humanitarian crisis in Ukraine shows a rapidly worsening outlook for the world economy, with the situation especially alarming for least developed countries. An UNCTAD rapid assessment of the war in Ukraine’s impact on trade and development confirms a rapidly worsening outlook for the world economy, underpinned […]

Veson Nautical announces significant growth investment from Francisco Partners

Veson Nautical (“Veson” or the “Company”), the global leader in maritime freight software, today announced its entry into a definitive agreement for Francisco Partners to make a significant equity investment in the Company alongside existing investors, including Pamlico Capital and founder John Veson. Francisco Partners, a leading global investment firm with more than $30 billion […]

Endurance discovery live global broadcast enabled by Inmarsat Fleet Xpress

Fleet Xpress from Inmarsat provided a high-speed connectivity solution to enable the History Hit subscription video on demand service to broadcast the discovery of Antarctic explorer Sir Ernest Shackleton’s lost ship, Endurance, from the Southern Ocean. The legendary vessel was found on 5 March 2022 – the 100th anniversary of Shackleton’s funeral – 3,008 metres […]

UKRAINE NEWS: ShipMoney offers solution for paying East European crews

Crew payments specialist ShipMoney reports that it is getting approached by numerous ship owners and crewing managers asking how they can help pay Ukrainian and Russian seafarers who are actively asking their employers not to pay money into their bank accounts as they know it will never arrive or even if it does then they […]

Fund for Merchant Navy seafarers reaches 10-year milestone

A fund that supports charities caring for UK Merchant Navy seafarers and their families is celebrating its 10-year anniversary this year. The Merchant Navy Welfare Board (MNWB) and The Seafarers’ Charity launched the Merchant Navy Fund in 2012 following an idea from MNWB’s then Chief Executive, Capt. David Parsons, who felt ‘there should be a […]

Dredging company Jan De Nul signs supply agreement with valve supplier W&O

Jan De Nul Group, one of the world’s leading civil engineering and dredging companies has signed a new supply agreement with W&O, supplier of valves, actuation, pipes and fittings to the global maritime industry, extending the existing 10-year relationship. The two-year supply agreement ensures efficient and rapid delivery from stock of manual and actuated marine […]