Maersk Line

Maersk Group is a Danish shipping group that is engaged in maritime freight transport. The group was founded in 1989 and today is one of the largest shipping companies in the world. The parent company of the group is Maersk Line, which was established in 1899.

Maersk Line has a fleet of over 600 vessels that transport a variety of cargo including containers, general cargo and other types of cargo. The company has its own ports and terminals around the world, which allows it to deliver cargo anywhere in the world.

One of the main features of Maersk Line is its flexibility and adaptability to changing market conditions. The company is constantly upgrading its fleet and infrastructure to meet customer requirements and ensure maximum transport efficiency.

In addition, Maersk Line is actively involved in social projects, such as helping poor countries develop infrastructure and improve the quality of life of the population. The company is also actively working to reduce its carbon footprint and increase environmental responsibility.

The container ship “Madrid Maersk” is one of the largest and most famous container ships in the world. It was built in 2016 at a shipyard in South Korea and is owned by Maersk Line, one of the largest sea container shipping operators.

The Madrid Maersk is 330 meters long and 53 meters wide, allowing it to carry up to 12,000 TEU (twenty-foot equivalent unit) containers. Containers are installed on board in special compartments called “container compartments”, which allow for maximum efficiency and safety in the transport of goods.

The container ship “Madrid Maersk” is equipped with modern navigation and control systems, and also has a high speed, which reduces the time of cargo delivery. In addition, it is equipped with powerful engines and an air purification system, which ensures safety and comfort for the crew and passengers.

MSC

MSC – Mediterranean Shipping Company – is one of the largest shipping companies in the world, specializing in the carriage of goods and passengers by sea. MSC was founded in 1963 and is now headquartered in Hamburg, Germany.

MSC has over 400 ships of various types and sizes, including container ships, bulk carriers, bulk carriers and cruise ships. The company operates in more than 150 ports around the world, including Europe, Asia, Africa and America.

One of the main advantages of MSC is its global network, which allows the company to deliver goods and passengers anywhere in the world. The company also pays great attention to environmental sustainability and uses innovative technologies to reduce carbon dioxide and other pollutant emissions.

In addition, MSC is actively involved in various charitable projects and programs aimed at supporting socially significant initiatives and protecting the environment.

MSC Loreto is a container ship built by Samsung Heavy Industries in South Korea in 2008.

The MSL Loreto is 399 meters long and 60 meters wide, allowing it to carry up to 9,000 twenty-foot equivalent units (TEU) containers. It is equipped with modern navigation systems and engines, as well as an air purification system to ensure safety and comfort for the crew and passengers.

The container ship MSC Loreto operates on routes between the ports of Europe and Asia, as well as North America. It is part of the MSC fleet and is used to carry a variety of cargo including containers, general cargo and bulk cargo.

Evergreen

Evergreen Marine Corporation is one of the world’s largest shipping corporations, founded in 1885 in the United States. The company’s headquarters is located in Hong Kong. Evergreen is the world’s largest container shipping operator and one of the largest cargo carriers. The company has a fleet of more than 200 ships and operates in more than 30 countries around the world. Evergreen is also the largest ship owner in China and the largest container terminal operator in Asia.

The container ship Ever Alot was built in 2017 and is one of the most modern container ships in the world.

Ever Alot is 330 meters long, 48 meters wide and 60 meters high. It can carry up to 15,000 containers on board and has a cargo capacity of over 100,000 tons.

The Ever Alot container ship is equipped with the latest technologies and systems that allow it to move containers faster and more efficiently than other ships. It also has a large cargo deck, allowing it to carry more cargo on a single flight.

In addition, Ever Alot is an environmentally friendly vessel, as it uses little fuel and does not produce a lot of emissions. This makes it one of the most promising container ships on the market.

The post Major shipping companies and their container ships appeared first on American-Pride.

The Global Positioning System (GPS) is a satellite navigation system that allows ships to determine their position and heading with high accuracy. GPS is used in many countries around the world and is one of the most common navigation systems on ships.

The Laser Positioning System (LPS) is a system based on the use of laser beams to determine the position of a ship. It is used on large ships and can be more accurate than GPS.

Radar system (RADAR) is a radar navigation system that uses radio waves to determine the distance to objects at sea. RADAR can be used to determine the speed and direction of a ship, as well as to detect other ships and obstacles at sea.

A hydroacoustic system (SAS) is a navigation system based on the use of sound waves that bounce off the seabed and other objects. SAS can be used to measure the depth of the sea, determine the direction of movement and detect other objects on the seabed.

Garmin Navigation Devices and Apps

Garmin is a company that manufactures various navigation devices and systems, including GPS navigators, echo sounders, radars, action cameras and other devices for various activities. Here are some of the popular navigation systems and apps from Garmin:

Garmin ECHOMAP ULTRA. This is a powerful fish finder with a large screen and a resolution of 800 x 480 pixels. It has many features for fishermen and sea fishing enthusiasts, including map display, track and waypoint recording, and wireless sensor support.

One of the main features of ECHOMAP ULTRA is its support for CHIRP technology, which allows you to more accurately determine the depth and structure of the bottom. It also has the ability to record videos and photos, which can be useful for capturing interesting moments while fishing or while traveling.

Garmin RIVET. Garmin RIVET is a mobile app designed to track your location and record routes on a map. The application is available for Android and iOS platforms and can be used on smartphones or tablets.

With Garmin RIVET, you can create routes, add waypoints, and save tracks. The app also supports a GPS tracking feature that allows you to track your location in real time.

In addition, the Garmin RIVET has the ability to connect to a Garmin GPS system for more accurate location information.

Garmin GPSMAP 585 Plus. The Garmin GPSMAP 585 Plus is one of the most popular and reliable marine GPS systems due to its high accuracy, large screen and many features. This system features a bright and clear 5″ screen with a resolution of 240 x 160 pixels, making it ideal for use on open decks.

In addition, the Garmin GPSMAP 585 Plus has many advanced features such as a built-in compass and barometer, making it ideal for navigating the sea. Also, this system has the ability to connect to the Internet, which allows you to receive up-to-date information about the weather and maps.

The Garmin GPSMAP 585 Plus does not support as many file formats as we would like. In some cases, one has to resort to using an online file converter such as MiConv. For example, to convert KML files. Overall, though, the Garmin GPSMAP 585 Plus is an excellent marine navigation system and one of the best options on the market.

Garmin MARINA is software designed to control boat systems. It allows you to track the location of the vessel, set up routes, control the radio station and navigation lights.

Garmin MARINA software is available for Android and iOS devices. It has a simple and intuitive interface that allows you to quickly configure all the necessary settings.

GARMIN MARINA also allows you to create routes using the GPS system, making navigation on the water more accurate and convenient. In addition, the software supports an Internet connection, which makes it possible to receive up-to-date information on weather conditions and other important data.

In addition to Garmin, we also recommend paying attention to the products of such companies as Lowrance, Raymarine, Simrad, Furuno, Furunadu. These companies also produce quality navigation systems and equipment.

The post Navigation Systems and Applications appeared first on American-Pride.

LLC vs S-Corp: How They Compare

Both entities require state filing and are not associated with their proprietors on a legal plane. 

To be more specific, an LLC stands in-between unregistered entities and corporations combining the features of both structures. As such, it offers secure protection to your individual funds and property against business commitments along with the ultimate flexibility in management and taxation. 

An S-Corp is a more complex structure, with more regulatory rules and restrictions to observe. One thing you should clearly understand is that it’s not an entity type but rather a tax status available for LLCs and corporations alike. In other words, you can’t register an S-Corp from scratch. First, you should file an LLC (you can contact any of the best online llc service) or start a C-Corporation and then, gain an S-Corp status for it from the IRS.  

S-Corp and LLC Similarities

These two types of legal entity structures have many features in common, including a few key benefits for shipping or cargo transportations companies:

• Flexible taxes: LLCs and S-Corps are disregarded entities for tax purposes which means that they are free from paying income taxes at a business level. Enterprise revenues and losses are transferred to tax reports of its proprietors and are payable at a personal level, thus, cutting down the risk of double taxation;
• Protective corporate veil: What gives incorporated entities an edge over unregistered ones is the liability screen they provide to the enterprise owners. As a separate entity, your company will be in charge of any business-related debts, sues, lawsuits, and financial problems. You’ll have no personal responsibility for that and your own assets can’t be seized to settle the enterprise liabilities. To further enhance this liability veil, take care of splitting your own and company funds by opening a dedicated checking account for your venture;
• Simple filing rules: Similar to other disregarded entities, LLCs and S-Corporations enjoy very simple compliance rules. They just need to file state and tax reports once a year;
• More open to fundraising: Business loans, operational credit lines, factoring programs, and other additional financing resources will be all at your disposal. Besides, engaging partners won’t be a problem as well since legal entities look more reliable for investors and creditors;
• Strong market image: Named after their owners, unregistered entities usually lack the credibility and brand power of companies. Operating under the structure of a separate entity, your enterprise will get more trust and appreciation from customers, vendors, and suppliers. Your company will have more chances to build a professional image and gain a solid reputation on the market. 

S-Corp and LLC Differences

As similar as they might seem, LLCs and S-Corps are not the same. They have quite a number of differences in the main aspects that clearly sets them apart:

• Membership structure: LLCs are open to an unlimited number of members and accept individuals and legal entities from the US and from abroad as their co-owners. S-Corps, on the other hand, are restricted by only 100 stockholders. Non-US residents, corporations, trusts, banks, and other legal persons are not allowed. Besides, the issue of the shares is limited by a single class of stock;
• Management system: LLCs are either owner-managed or manager-managed entities, with no bureaucracy in the management structure. By way of contrast, S-Corps have a strict and complex management hierarchy, and stockholders don’t operate the business on a daily basis;
• Formalities to observe: Unlike LLCs, S-Corps have multiple formalities they need to stick to. Stock issue and regular stakeholder and managing board meetings are to name a few;
• Profit distribution: Corporate profits and losses are allocated proportionally to the stakeholders’ interests in the company’s equity. Meanwhile, LLC owners can divide the profits as they want irrespective of their equity shares;
• Tax nuances: LLC members are self-employed persons, so their incomes are subject to self-employment levies accordingly. S-Corp owners could be employed in the company, which brings certain tax benefits. You’ll be free from self-employment and payroll taxes and will be able to reduce taxable income and dividend charges.       

Is an LLC Good for a Shipping Company? 

An LLC framework has a lot to offer to many types of businesses including logistic companies. LLCs allow you to start small and grow big without changing the company structure. You’ll get a chance to separate your own and your enterprise assets from the very beginning and obtain a much-sought liability shield without saddling yourself with too many formalities and statutory restrictions. 

Is an S-Corp Good for a Cargo Transportation Company?

An S Corporation structure is a more appropriate choice for complex and bigger ventures than for smaller private companies. If you have ambitious plans, seek quick venture growth, and still want beneficial tax opportunities, an S-Corp is worth your attention. You’ll be able to easily engage side investors by issuing and selling stock, and taxation options offer a number of benefits to corporate owners. 

Take Professional Advice

Whatever your intuition tells you, getting expert advice will never go amiss. There is a whole bunch of nuances and details that are beyond your radar, and a competent advisor will reveal them to you through the lens of your own company perspectives. 

Summary

LLCs and Subchapter S Corporations have a lot in common as well as they have their own pluses and minuses. If you hesitate about which is a better option for your shipping firm, you can’t go wrong by starting it as an LLC and switching to an S-Corp if you outgrow the LLC capabilities.

The post S-Corporation or LLC: Which Is Better for a Shipping Company? appeared first on American-Pride.

A Turkish tanker crashed near Istanbul and blocked the Bosphorus Strait. Therefore, the movement of ships and boats was suspended.

The cause of the accident was the fall of the anchor. Therefore, the tanker stopped.

The USICHEM tanker, which was loaded with sunflower oil, headed south on the Bosporus Strait. However, for reasons not yet known, the anchor dropped out of the ship while it was in motion.

Specialists are working on resuming movement in the Strait.

The post A tanker crashed in Turkey and blocked the Bosphorus appeared first on American-Pride.

The history of one of the largest cargo carriers started in 1886, when a retired distant sea captain Peter Maersk-Meller bought a second hand cargo steamboat with his savings. In 1904 he stopped taking freight and together with his son established a shipping company. From the first days “Swedenborg Steamship Company” was managed by the son of the captain Arnold Peter Maersk-Meller, in honor of whom eight years later the company received its new name, under which it has been known for over 100 years.

In 1940, Denmark, without showing resistance, was occupied by the troops of Nazi Germany – King Christian X in the hope to save his people signed a humiliating and oppressive treaty with the occupiers. The Maersk-Mellers did not just disagree with the king’s policies. Not only did the family emigrate to the United States, but they took their entire fleet with them. Moreover, the Maersk-Mellers essentially entered the war on the side of the United States, putting their ships at the disposal of the American Navy. More than half of the company’s fleet was lost in the battles of World War II.

At the beginning of the 1950s Arnold Peter Maersk-Moersk-Moeller makes a decision, which at first is not less important for the company than the transfer to the side of the USA in the war: the company acquires the first tanker for oil transportation. This business allowed the shipowner to get closer to the world’s largest oil producers Shell and Texaco.

In 1962, a shipping company with good connections among the oil industry has received an exclusive concession for the exploration and production of oil and gas in the Danish sector of the North Sea until 2042. For the new business A.P. Moller-Maersk created a subsidiary, Maersk Oil, and it organized the DUC consortium together with Royal Dutch Shell and Texaco, which got 46% and 15% respectively in DUC.

Maersk Oil is actively involved in oil projects in Algeria, Qatar, Kazakhstan, Great Britain, Oman and Turkmenistan. The prospects of the business are brilliant: Denmark is now beginning exploration of oil fields on the Greenland shelf and the Faroe Islands. Forecast oil reserves only near the eastern coast of Greenland are estimated at more than 600 billion barrels. However, the core of the corporation has remained the core of shipping.

In the early 2000s A.P. Moller-Maersk Group acquired the American company Sea-Land, whose founder was the inventor of the sea containers that revolutionized cargo transportation. Since then, the Maersk Line division remains the largest “container” company in the world. And at the same time it is practically unavailable for takeover.

2014 was a record year for A.P. Moller-Maersk in terms of profit – it was $5.2 billion. It was the highest in its history, and the key to its success was concentration on core business and economy.

The post Maersk Values appeared first on American-Pride.

The incident is reported by the newspaper with references to local news sites. The tanker arrived at the Japanese port of Muzishima through the Pacific Ocean.

Eyewitnesses were amazed at the sight of the ship entering the harbor in the town of Kurashiki. For on its bow was a giant whale, alas, already dead.

The crew assured that no one suspected that the ship had struck the whale.

A spokesman for the Coast Guard Department, Mizushima, noted that they had never seen anything like it. So measures to prevent such an incident from happening again will be reviewed.

“I’ve been fishing here for decades, but this is the first time I’ve seen a whale,” a local fisherman added.

What is known about the dead animal

• The species of whale has not yet been confirmed. However, the Cetacean Research Institute suggested it was the fin whale, recognized as a vulnerable species by the International Union for Conservation of Nature.
• It is the second longest cetacean species on Earth after the blue whale. The blue whale is 27.3 meters long and weighs up to 74 tons.

The post In Japan, a ship docked in the harbor with a huge dead whale on its bow appeared first on American-Pride.

The 80-meter autonomous container ship will reportedly be used to transport cargo between Yara’s factory in Porsgrunn in southern Norway and the export port in Brevik, which are 14 kilometers apart. The electric container ship is expected to be commissioned early next year.

At the initial stage the vessel will be controlled by a man, and it will become fully autonomous only in two years. The container ship will be able to load and unload cargo and charge batteries without human involvement.

The ship design uses Kongsberg and Vard solutions, including sensors, as well as other hardware and software on the basis of which the autonomous control system is implemented.

Commissioning of the electric container ship will reduce carbon emissions by 1,000 tons per year. For Yara, this is a significant reduction in emissions, since the company’s plant in Porsgrunn is one of the largest sources of CO₂ emissions in Norway.

We made this technological leap to show that it is possible, and I think there are so many routes in the world where ships of this type can sail,
– said Yara director Svein Tore Holzeter.

The Yara Birkeland has made the short voyage from the commune of Horten to Oslo with people on board. The ship now awaits certification, after which commercial operations will take place.

Initially workers will load and unload the ship, but in the future they want to involve robots for such operations, including cranes and transport vehicles. At the same time the autonomous ships themselves, according to specialists, will learn to exchange information, which will make their operation safe.

The post Norway unveils world’s first autonomous electric container ship appeared first on American-Pride.

It is the first ferry of its kind intended for commercial use in Japan. It was developed by Tsuneishi and CMB companies.

The ship is capable to transport 80 passengers. Besides, the ferry can operate not only on hydrogen but also on usual diesel fuel.

HydroBingo features

• Equipped with two hydrogen internal combustion engines that significantly reduce carbon emissions in use
  has a mobile trailer at the stern to supply hydrogen to the engine through a special double-walled pipe;
• the trailer can be transported to the hydrogen station for refueling.

Through close cooperation we were able to build this unique vessel. It’s the result of joining efforts of two companies with a long history in Japan and Europe,
– noted CMB CEO Alexander Saveris.
The developers assure that they will continue to invest in hydrogen solutions for the offshore and onshore industry. The main goal is to move steadily towards zero carbon emissions.

The post Japan presented the first commercial hydrogen ferry appeared first on American-Pride.