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Fully-Compliant Fire Systems May Fall Short Against Modern Risks
Inspection reports across much of the commercial fleet paint a reassuring picture. Fire detection systems are operational, fixed firefighting systems are in good working order, equipment is serviced on time and instructions are correctly posted. On paper, vessels are doing what is required of them. The problem is that paper compliance is increasingly being mistaken […]
China Wants to Host the High Seas Secretariat
[By Jiang Mengnan] China has joined Chile and Belgium in competing to host the secretariat of the High Seas Treaty. The landmark UN agreement, which entered into force earlier this month, will govern the parts of the ocean located beyond national jurisdictions. China wants the city of Xiamen, on its southeast coast in the province of […]
Canada Approves Construction of an Arctic Mineral Port on Baffin Island
At a time when Canada is prioritizing development of Arctic infrastructure, a new port and railway project in Baffin Island has received construction approval. The project, Steensby Railway, is a critical component of expanding production in the Mary River iron ore mine in the northern Baffin Island. The iron ore mine is one of the […]
OceanScore Reaches $5M Annual Recurring Revenue Milestone
OceanScore, a provider of commercial compliance solutions for maritime emissions regulations, has reached $5 million in annual recurring revenue (ARR). The milestone reflects growing demand from shipowners, managers, ports, and financial institutions for structured, data-based systems to manage the commercial consequences of EU ETS, FuelEU Maritime, and other emerging regimes. OceanScore’s growth has been driven by […]
Stonepeak Buys 25 Percent Stake in 10 of CMA CGM’s Container Terminals
CMA CGM is launching a ports joint venture with one of the world’s largest infrastructure investors. With a 25 percent investment from Stonepeak, this new JV – United Ports LLC – will buy 10 of CMA CGM’s operated port terminals. In effect, it will give Stonepeak a minority stake in the French company’s major seaport […]
Launch of the Italian Navy’s Hydro-Oceanographic Ship
The launch ceremony of the Italian Navy’s new Major Hydro-Oceanographic Ship (N.I.O.M.) named Quirinale, took place today at Fincantieri’s integrated shipyard in Riva Trigoso. Designed for scientific mapping and monitoring activities, the vessel will support the initiatives of the Italian Hydrographic Institute, strengthening the country’s maritime research and security capabilities. Attending the event were the […]
Understanding Cash Flow: A Guide for Sustainable Business Growth
Cash flow is the movement of money into and out of a business. It’s a crucial indicator of financial health, revealing how well your business can generate cash to pay debts, fund daily operations and invest in growth initiatives. Monitoring cash flow requires regularly reviewing your business’ cash flow statement, income statement and balance sheet. These […]
The Key Financial Metrics Every Business Owner Should Track
Running a successful business is both an art and a science. Yes, it’s important to have a great product and an excellent marketing strategy. But if you’re not tracking the right financial metrics, you may find it hard to reach your growth goals or even remain solvent. Let’s take a closer look at the importance […]
Marketing on a Budget: Effective Strategies for Small Businesses
Marketing is essential for any business, but for small businesses, budgets are often tight. The good news is that effective marketing doesn’t have to be costly. With the right strategies, small businesses can reach their audience, build brand awareness, and drive growth—all without breaking the bank. This guide explores budget-friendly marketing tactics that deliver strong […]