Green Marine
BG Group Braves Difficult Year
Despite difficult market, 2015 seems to have been a very positive year for BG Group as the company may even exceed its operational projections for the full year. BG said that its business performance earnings are expected to reach around USD 1.7 billion, with total results earnings of at least USD 2
Brittany Ferries Adds Vessel on Poole-Bilbao Route
French shipping company Brittany Ferries has chartered pure RoRo vessel Pelican to carry freight between Poole and Bilbao, in northern Spain. Featuring a length of 155.5 meters, the vessel, which will start its employment with the company in early February, is expected to conduct two round-trips per
Time for Offshore Energy Companies to Diversify
Companies serving the offshore energy sector must accept that crude oil prices are not going to bounce back anytime soon and look to diversify into other market areas in the same way the commercial shipping industry does when high crude oil prices squeeze its profit margins, says maritime consultanc
Nasdaq: Diana Containerships’ Bid Price Too Low
Athens-based shipping company Diana Containerships has received written notification from the Nasdaq Stock Market LLC stating that it no longer meets the minimum bid price requirement for the Nasdaq Global Select Market. The company’s closing bid price for its common stock was below USD 1 per share
New Round of Strikes to Hit Greek Ports
The Seamen’s Union in Greece is staging a new 48-hour strike tomorrow, on 20 January, according to the latest report from Inchcape Shipping Services (ISS). The strike is expected to affect the routes of domestic and local ferries, and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pach
Industry Bodies Launch Measures for Owners Selling Ships for Scrap
Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by an inter-industry working group led by the International Chamber of Shipping (ICS). According to ICS, the purpose of the new Transitional Measures is to help shi
Antwerp Terminal Operators Under Investigation
The European Commission has started an investigation into reductions in compensation payments to two container terminal operators in the Port of Antwerp, Belgium, to establish whether the alleged aid gave them an undue advantage over competitors. Under the concession agreements with PSA Antwerp NV a
IMO: BWM Convention Not Ready for Entry into Force
The Ballast Water Management (BWM) convention has not met its final entry-into-force requirement yet, the International Maritime Organization said. Together with partner IHS Maritime & Trade, IMO has been engaged in a process to verify tonnage figures to ascertain whether or not the BWM convention’s
Port Canaveral Gets New Container Service
GT USA, the US arm of UAE-based global ports and logistics company Gulftainer, is welcoming a new ‘Blue Stream Service’, a weekly container cargo service connecting Port Canaveral to Europe, the French West Indies, and Central America. Blue Stream Service, operated by StreamLines, part of the SeaTra
Badly Damaged Car Carrier Enters Tyneside Yard for Repairs
The Panamanian-flagged car carrier City of Rotterdam, which was severely damaged during a recent collision when Storm Desmond hit, has reached the Tyneside repair yard in UK, owned by ship repair and conversion company A&P Group. The 2011-built vessel sustained serious damage to its portside bow and
Norden Sells Last Capesize
Danish shipping company Norden has entered two separate deals, one to sell the Capesize vessel Nord-Energy and the other to buy a Supramax vessel. Both deliveries will take place in the course of the first quarter of 2016. The move comes within the company’s recently introduced Focus & Simplicity st
Algoma, Nova Create Cement Carrier JV
Canada’s Algoma Central Corporation has entered into a joint venture agreement with Nova Marine Holding SA of Luxembourg and its subsidiaries to create a specialized global fleet of cement carriers. Under the deal, Algoma will own 50% of the joint venture, which is to be named NovaAlgoma Cement Carr
SwissMarine Hires Diana’s Capesize Bulker
Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its 180,235 dwt Capesize dry bulker MV Aliki. Diana said that the gross charter rate is USD 5,300 per day, minus a 5% commission paid to third parties. The vessel
Port of Rotterdam Sets Record Throughput in 2015
The Dutch Port of Rotterdam experienced an increase of 4.9% in goods throughput reaching a total of 466.4 million tonnes in 2015, which was mostly driven by a rise in crude oil and oil products throughput. “Low oil prices result in high margins for the refineries, so they have large quantities of oi