Green Marine
Cosco Eyes Port of Limassol
China’s port operator Cosco Group (Hong Kong) Limited has turned its attention to the port of Limassol on the island of Cyprus in an attempt to expand its presence in the Mediterranean Sea, according to China Daily. The company has now joined a group of 13 bidders for the port, as it aims for the po
Gallery: SMIT Salvage Team Boards Modern Express, Attaches Tow Line
The four-member salvage team of SMIT Salvage has managed to board the drifting car carrier Modern Express earlier this morning and set up a tow line, French Maritime Authority said in an update. The tow line has been attached to the Spanish tug Centaurus, hired by Smit Salvage, which has now started
Shell Hires China VLCC’s Supertanker
Shanghai-listed China Merchants Energy Shipping (CMES) said that its subsidiary China VLCC signed a charter deal with the Netherlands-based Royal Dutch Shell. The charter deal relates to a supertanker (VLCC) that has been hired for a period of three years. As disclosed by CMES, the value of the deal
Oil Crisis Pushes Den Helder to Hedge Its Bets
Due to the current oil crisis, the Dutch Port of Den Helder has decided to opt for a substantial transition from offshore vessels to market diversification, the port said. Namely, the port reported a decrease of 10 percent in the number of offshore, oil and gas, vessels entering the port. The number
Readers’ Picks of the Week (25th – 29th Jan, 2016)
VIDEO: 22 Evacuated as Car Carrier Lists in Bay of Biscay A crew of 22 people were evacuated after the Panama-flagged car carrier Modern Express started listing some 148 miles off Cape Ortegal, Galicia, in the Bay of Biscay, accor… Read More World’s Fastest Ship Design Cuts Fuel Consumption by 74 Pc
UPDATE: Modern Express Heading for Shore, Tow Attempt Unsuccessful
The drifting car carrier Modern Express is heading towards land and is now some 200 km away from Gironde, France, as weather continues to interfere with the salvage attempts, the French Maritime Authority said. A four-member team from the company SMIT Salvage boarded the 10,454 dwt vessel on Friday
Slashed Charter Rate for Diana’s MV Houston
Greek dry bulk shipping company Diana Shipping Inc. has entered into a time charter contract with Geneva-based SwissMarine Services S.A. for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is USD 5,150 per day, minus a 5% commission paid to third parties, for a period o
Dorian LPG Reaping Fruit from Delivered Newbuilds
Having taken delivery seven vessels under its ECO-design VLGC newbuilding program, owner and operator of modern very large gas carriers Dorian LPG expects higher profits and cash going forward. Namely, during the third quarter of 2016 fiscal year, Dorian LPG’s fleet was expanded with the Clermont, t
VIDEO: Modern Express Stabilized, Weather Hampering Salvage
The Panamanian-flagged car carrier Modern Express has stabilized and is not taking in water, the French Maritime Authority said. Yesterday evening the 10,454 dwt vessel was drifting in the eastern direction at a speed of 1.3 knots, some 311 kilometers west of La Rochelle, France. The authority said
CMA CGM Inks Deal with IRISL to Increase Presence in Iran
French container shipping company CMA CGM has signed a preliminary agreement with the Islamic Republic of Iran Shipping Lines (IRISL) which aims at increasing the company’s footprint in Iran, the French government said. Signed during a visit to Paris by the Iranian President Hassan Rouhani yesterday
Strike in Greece Extended for Two More Days
The general strike in Greece that was launched on Wednesday has been extended by another 48 hours, Inchcape Shipping Services (ISS) said in an update. The strike is affecting the routes of domestic and local ferries and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pachi and Megara po
Container Volumes Down in Port of Gothenburg
Swedish Port of Gothenburg, the largest port in Scandinavia, has handled a total of 820,000 TEUs during 2015, which represent a two per cent fall on 2014, due to a general decline in Swedish container volumes. Magnus Kårestedt, Port of Gothenburg chief executive, said that the container terminal imp
ITF Slams Prestige Ruling
The International Transport Workers’ Federation (ITF) disagrees vehemently with the recent court ruling over the 2002 Prestige oil spill that sentenced Captain Mangouras to two years of prison. “This decision represents the dying gasps of a 14 year old attempt to deflect blame onto the shoulders of
Maersk Line Starts Colombia Express Service
Danish container shipping giant Maersk Line has launched a new weekly service between Santa Marta and Turbo in Colombia and Northern Europe specifically designed for refrigerated cargo. The new service has a rotation of Turbo and Santa Marta in Colombia, Portsmouth in UK, Antwerp in Belgium, and Ham