US Commits $553M Financing for Adani Terminal Venture at Colombo Port
The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector.Sri Lanka, an island off India's southern coast, is mired in its worst financial crisis in over seven decades after its foreign exchange reserves ran to record lows last year, forcing its economy to contract by 7.8% in 2022.
Weathernews and Dataloy Systems Launch Solution to Refine Vessel Voyage Management
Weathernews Inc. and Dataloy Systems AS said Wednesday they had introduced an integrated solution to refine vessel voyage management based on unique weather data. The integration combines Weathernews' historical seasonal routes and sea margins with Dataloy Systems’ Voyage Management System (VMS), which, the companies say, provides "streamlined access to critical data, error reduction, increased efficiency, and a focus on enhancing voyage quality and profitability.
3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen's RoRo Vessel
Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally, the procurement, fabrication, and delivery of specific spare parts has been a time-consuming process, often leading to costly downtime for the maritime and offshore industries.
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