New shipbuilding lending scheme launched to boost UK’s coastal communities

A new government scheme to help ship buyers access finance to buy UK-built vessels and upgrade existing ones will boost Britain’s coastal communities. Through the Shipbuilding Credit Guarantee Scheme (SCGS) the Government will act as a guarantor for lenders, unlocking credit for maritime firms. The SCGS is intended to help to boost the UK shipbuilding […]

Rising M&A to boost dominance of global container terminal operators

M&A-led growth strategies will propel leading regional terminal operators and container shipping lines into the global terminal operator rankings next year, according to Drewry’s latest Global Container Terminal Operators Annual Review and Forecast report. While the position of the largest global terminal operators (GTOs) at the top of the rankings look secure, the number of […]

NYK, Cargill and Econowind agree NYK’s first wind propulsion installation

NYK Bulkship (Atlantic), an NYK Group company, is to introduce a wind-assisted ship-propulsion unit on a bulk carrier engaged in a long-term charter contract with Cargill International S.A. (Switzerland). This will be the first time for a unit of this type to be installed on an NYK Group vessel. NBAtlantic will equip the bulk carrier […]

Leading maritime charity responds to new Seafarers’ Charter

Thousands of seafarers will be guaranteed fair wages, proper rest periods and suitable training thanks to a new Seafarers’ Charter launched by the UK government this week. Responding to the new Seafarers’ Charter, CEO of the Merchant Navy Welfare Board Stuart Rivers commented: “We are reassured to hear that seafarers will be better protected and […]