• 2019 May 28 09:18

    AEC Secretariats Annual report 2018 published

    The AEC had a very productive 2018 with more than 70 outreach events, MoU with the UArctic and the AEC also welcomed five new members and three new AEC Working Groups started their operations in 2018. These were Working Groups on Connectivity, Energy, and Investments & Infrastructure. In addition to these new Working Groups, the AEC also has active Working Groups on Maritime Transportation and Responsible Resource Development. The AEC has also served as expert partners in two different projects, the AEC has contributed to qualifying new knowledge on Arctic business development. Both Arctic Business Analysis (collaborative project between the AEC and Nordic Council of Ministers) and the Analysis on Business Financing in the Arctic (in collaboration with the Ministry of Foreign Affairs of Denmark) were launched in 2018.

    The highlights of the year include the different AEC gatherings and outreach events. The AEC work is steered by the interest of the Arctic business community, we always appreciate the opportunity to meet and discuss with our members.

    In January 2018 The Arctic Economic Council and the Nordic Council of Ministers presented their report “Arctic Business Analysis” at a joint side event during Arctic Frontiers. The report aims at qualifying the current knowledge on the business environment in the Arctic. The AEC arranged together with the Arctic Frontiers conference “Financing the Arctic – is the Arctic investable?” Director of the Arctic Economic Council Secretariat, Anu Fredrikson spoke of the need for global connections and openness in Arctic business development. The need for a code of Arctic business ethics was also highlighted as a prerequisite to make the Arctic investable.

    In April the third consecutive AEC Governance Committee meeting was held in Helsinki, Finland hosted by AEC Finland and Arctia Ltd. The AEC Governance Committee comprises of one business representative from each of the Arctic states and permanent participant organizations. The meeting was the first AEC event taking place in Finland during the Finnish business community’s chairmanship.

    The 2018 Annual Meeting was held in Kiruna, Sweden in May and graciously hosted by LKAB. The Annual Meeting approved a new strategic plan for the years 2019-2021. The new strategy underlines the AEC’s wish to link the Arctic value chains even closer to the global value chains.

    On June 27-28, 2018 the 3rd AEC Top of the World Arctic Broadband Summit took place in Sapporo, Japan. More than 20 speakers and 100 participants from 10 different countries gathered at the event. The Summit included panel sessions and discussions with experts from across the globe, networking opportunities and site visits to exciting Hokkaido-based companies working in the field of connectivity solutions and IT.

    In October the Arctic Business Summit was organized for the 4th time and gathered 26 business executives in Reykjavik. The summit was organized by the Norwegian Shipowners’ Association and the AEC. The Arctic Business Summit provides an international meeting place for business executives representing different industries operating in or with an interest in the Arctic. The main topics Covered by the keynote speakers focused on freedom of trade, profitable, responsible and sustainable development for both businesses and local communities in the Arctic, and the need for Arctic development and the necessary tools to navigate in the new climate.


2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea
10:48 Wartsila offers new high-performance thruster and propulsion control solution package
10:25 Port of Long Beach container volume up 8.3% to 654,082 TEUs in March 2024
09:58 Kalypso Offshore Energy signs LOI with Royal IHC

2024 April 15

18:04 Container shipping costs of S. Korea-EU route surge 40 pct amid Red Sea crisis
17:21 HMM to expand container ship fleet by 2030
17:09 Singapore retains its position as the world's leading maritime city
16:47 Iran says MSC Aries vessel seized for 'violating maritime laws'
16:24 ICTSI gets PPA OK to operate Iloilo Port
15:21 DEME’s offshore installation vessel ‘Orion’ successfully completes the near 15 MW turbine foundation installation project in Scotland and heads to US
14:55 Meriaura orders two biofuel powered 6750 DWT cargo vessels from Royal Bodewes shipyard
14:35 Methanol-fuelled MAN 21/31DF-M GenSet secures first propulsion order
13:32 Port of Valencia export freights grow by 2.13% in March 2024
12:48 Seatrium and Shell inks MOU to further collaborate on floating production systems
12:24 Seaspan launches second LNG bunkering vessel to deliver low-carbon energy solutions to the West Coast
11:57 Japan's 1st coastal module carrier to transport offshore wind turbine foundation components
10:36 EST-Floattech to provide the battery system for the purpose-built electric-landing utility vessel

2024 April 14

16:02 Shanghai's ship exports see considerable growth in Jan-Feb
14:13 Stena Drilling secures 1-well firm programme with Energean for Stena Forth in Morocco
12:07 GSBN: Lack of digital processes in shipping complicates decarbonization game
10:22 Panama Canal expects return to normal transit capacity by 2025

2024 April 13

15:04 Subsea7 awarded contract in the Gulf of Mexico
13:51 Shanghai Electric’s 'ZHI ZHEN 100' excels thorough offshore equipment test
11:18 WSC: Updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”
09:43 Financiers and insurers ready to support electrification of the domestic harbour craft sector

2024 April 12

18:02 The first LNG bunkering operation performed at Klaipeda Port