Demand for Filipino seafarers still high, but quality of training is dipping

The Philippines risks losing out on seafaring jobs if the quality of training in local maritime schools continues to dip, according to experts. “Is there still a demand for Filipino seafarers? The answer is a big yes,” said Jøran Nøstvik, a captain and global owner’s representative of Noatun Maritime, a crew assessment and development services company. The demand, […]

Nexum launches NEXM utility token specifically for the shipping and oil financing industry

Dubai, UAE, January 14, 2022 – (SEAPRWire) – Nexum Foundation has successfully launched its utility token NEXM in Decoin exchange on January 5, 2022. On the first day of trading, the token price reached USD 0.132, representing a 116% increase. This launch makes Nexum the first blockchain-based platform in maritime financing to publicly trade its cryptocurrency. Nexum is a […]

Mapping agency says law on PHL maritime zones long overdue

A PROPOSED law defining the Philippines’ maritime zones in line with an international agreement providing a legal framework on sea borders and activities received unanimous support from officials in the executive branch, as tensions rise after the Chinese Coast Guard’s recent attack and harassment of Philippine supply boats. A Senate panel on Monday discussed proposed […]

Fujitsu Introduces AI technology Enabling Highly Accurate Prediction of Vessel Collision Risks on Complex Maritime Routes

TOKYO, Sep 28, 2021 – (JCN Newswire via – Fujitsu Limited today announced the introduction of a highly-accurate AI technology to predict vessel collision risks on complex sea routes including bay areas. Field trials were conducted between November 2020 and September 2021 under an outsourcing contract with the Japan Coast Guard to demonstrate the […]

Straits Inter Logistics set to develop Asia’s largest STS Energy Transhipment Hub after receiving approval from Marine Department Malaysia

KUALA LUMPUR, Jul 12, 2021 – (ACN Newswire via – Straits Inter Logistics Berhad (“Straits” or “Company”), a Bursa Malaysia Listed Company, announced today that it has received approval from Marine Department Malaysia for Victoria STS (Labuan) Sdn Bhd (“Victoria STS”) to develop an integrated offshore Ship-to-Ship (STS) Energy Transhipment Hub within the port […]

IMC Ventures Partners with PIER71 to Invest and Nurture the Maritime and Supply Chain Ecosystem in Singapore

Singapore, Jun 18, 2021 – (ACN Newswire via – IMC Ventures (“IMC Ventures”), a Singapore-based venture capital firm focused on investments in the maritime and supply chain industries, is pleased to announce that it has joined PIER71 as a venture capital partner with an objective to invest and nurture the maritime and supply chain […]

Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources

TOKYO, May 20, 2021 – (JCN Newswire via – Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies – Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine […]