• 2016 June 15 12:01

    Finland’s Ministry of Employment and the Economy granted financing for the maritime industry growth programme for 2016

    The Ministry of Employment and the Economy has granted further financing for the maritime industry growth programme for 2016. The Team Finland growth programme, entitled 'Maritime and Offshore from Finland', is designed to help Finnish companies get involved in international projects in the industry, the Ministry said in its press release.
     
    The goals of the growth programme are a 10% increase in the turnover of Finland’s maritime cluster, a 10% increase in its exports, the creation of 400 jobs and three foreign investments in Finland. The implementation of the programme is intended to take place in 2015–2017. The Ministry of Employment and the Economy has just granted EUR 516,000 to Finpro Oy for the implementation of the programme. The financing for the programme’s first year of operation was EUR 956,000.
     
    "The strength of the Finnish maritime industry's expertise is its diversity. The industry is particularly strong in cruise liners, ice-breakers, ice class vessels, subcontracting work, and design and system deliveries for these types of vessels. From Finland’s perspective, global prospects in the industry are promising and a lot more positive than it seemed a few years ago," says Minister of Economic Affairs Olli Rehn.
     
    Finnish companies have significant opportunities for growth: cruise liner construction is experiencing a boom time, renovation work activity for cruise vessels is at a high level, cruise travel is growing in Asia and the USA, and construction is very active in arctic technology and ice-breakers. Innovations in the industry include new maritime applications developed by various companies including Finnish businesses in the areas of ICT, big data, Internet of Things and satellite monitoring.
     
    The challenges these companies are encountering include complex global supply chains, where it can be hard for Finnish companies to find projects, clients and decision makers. With the help of the programme, many of the companies seeking to participate in these projects can get involved and gain additional turnover from the international market. The growth programme has 14 target markets, of which the main markets are Germany, Norway, France, China, Japan and Russia.
     
    According to Finpro Oy’s assessment, the total global value of new ship orders, including preliminary contracts, that can be supplied by the Finnish industry will increase to more than EUR 70 billion over the next 10 years. New ship orders and modification work on ships also provide significant opportunities for the Finnish maritime industry and its subcontractor chain. This industry is one of the few export industries whose business operations in Russia have continued despite the sanctions.


2020 September 28

12:11 Abu Dhabi Ports acquires MICCO to become a leading provider of fully integrated supply chain logistics solutions
11:36 RF Government approves National Programme for Far East Development
11:13 Aker Solutions awarded subsea contract for Breidablikk
10:51 Hornsea Two monopile installation scheduled to start next month
10:21 Shipbuilding, Ship Repair Corporation launches non-self-propelled suction hopper dredger of Project 4395
09:52 Tallink suspends operation of Helsinki-Riga route until end of October
09:30 Tallink changes weekend operating schedule of Tallinn-Helsinki route shuttle vessel Star
09:14 Baltic Dry Index as of September 25
08:48 MABUX: Bunker market this morning, Sept 28

2020 September 27

16:43 Milaha signs key deal with major oilfield services firm
15:31 RINA and SDARI: an innovative step towards 3D ship classification
14:28 Belfast Harbour is hosting an innovative study which could help change the way ports and harbours manage air quality
13:48 ABP invests £10 million to repair Swansea West Pier
12:49 Huntington Ingalls Industries restores drinking water, conducts steam testing during USS George Washington (CVN 73) refueling and complex overhaul
12:03 The Manor Endurance sets sail for her first charter
11:29 NYK and JMU introduce shipbuilding contract that guarantees propulsion in actual sea conditions

2020 September 26

15:52 Port Freeport enters partnership with CEMEX Servicios Logisticos and Union Pacific Railroad
14:32 Coast Guard rescue two mariners from disabled catamaran near Oahu
13:43 NAT orders two -2- Suezmax newbuildings in South Korea
12:38 JAXPORT CEO Green named one of Florida’s top business leaders for third year in a row
12:06 Northwest to Midwest: New rail service builds on NWSA’s intermodal growth
11:02 IUMI: Loss prevention remains a vital element in ensuring the insurability of maritime risk
10:53 Huntington Ingalls Industries breaks ground on unmanned systems center of excellence

2020 September 25

18:07 Tripartite agreement signed on establishing the FSRU terminal in the Bay of Gdansk
17:55 Baltic Fuel Company shipped first batch of bitumen
17:39 Scorpio Bulkers announces purchase of shares by Scorpio Services
17:34 Vessel “Razul Rza” sent to outer waters after the repair works
17:12 Metal Shark debuts 48-meter catamaran expedition vessel and introduces "Metal Shark Yachts" portfolio
16:51 Ningbo Containerized Freight Index rises significantly in September
16:19 OOCL's service update for Trans-Pacific trade
16:16 Representative office of Marinet opened in China
15:27 GTT signs a contract with the U.S. Dep't of Defense for the Red Hill Bulk Fuel Storage Facility
14:59 RFC held the second stage of the ecological marathon
14:31 Bunker prices are flat in the Port of Saint-Petersburg, Russia (graph)
14:05 Zvezda shipyard to build 10 gas tankers for Arctic LNG 2
13:42 Wärtsilä solutions meet challenging needs of Canadian Coast Guard vessel
13:18 Nuclear-powered container carrier Sevmorput delivered Kamchatka fish to Saint-Petersburg
12:56 Competition for construction of two scientific research ships for Russian Federal Fisheries Agency to be announced in October
12:34 Royal Niestern Sander orders SCHOTTEL thrusters for world’s first shallow-draught ice-breaking W2W vessel
12:11 VEB.RF starts financing construction of ten gas tankers for Arctic LNG 2 project
11:29 LR awards Samsung Heavy Industries AiP for its ammonia-fuelled tanker
10:37 British Ports Association sets out spending review priorities
10:29 New state programme on Arctic development in 2021-2024 drafted by Russia’s ad hoc Ministry
09:53 Debt service guarantees on Yamal LNG removed from NOVATEK
09:30 Oil prices rise in hope of demand
09:12 Baltic Dry Index as of September 24
09:11 MABUX: Bunker market this morning, Sept 25

2020 September 24

18:37 Kongsberg Digital develops cloud-based simulators for maritime industry, with funds from Innovation Norway
18:07 Wärtsilä ranked first in UN challenge to fight climate change with big data
17:45 Alco Bio Fuel, Messer Benelux and IJsfabriek Strombeek once again invest in recycling CO2 in North Sea Port
17:20 World’s first subsea compression system passes five years in operation
17:12 Esben Poulsson reappointed as ICS Chairman for a new term
16:48 Okskaya Shipyard launches first multipurpose dry cargo carrier of Project RSD59 for Astrol
16:24 Severnaya Verf starts cutting steel for seventh trawler of Project 170701 for NOREBO Group
15:50 ASCO's vessel “Razul Rza” sent to outer waters after repairs
15:26 Russian Direct Investment Fund (RDIF) to invest in Sovcomflot, says RDIF CEO
15:02 Diana Shipping announces the sale of a Capesize Dry bulk vessel
14:39 Russian Railways launches regular multimodal service from China to Europe via the ports of Kaliningrad and Hamburg
14:17 MABUX releases its weekly review of bunker market
14:02 Fincantieri starts dry dock works for experimental vessel Zeus