Green Marine
NWSC Seeks Return of Losses from FSU Actions
After the Finnish Seamen’s Union rejected to unload the Russian cargo vessel M/V Malachite, owned by shipping and vessel management company North-Western Shipping, the company now plans to seek compensation of its losses. The vessel was supposed to be unloaded on December 10 when it arrived to the F
Diana Charters Out Two Bulkers
Athens-based dry bulk shipping company Diana Shipping has extended a charter contract for its Capesize dry bulk vessel M/V Santa Barbara with German RWE Supply & Trading GmbH, for a period of twelve to fifteen months. The new charter period is expected to commence on December 18, 2015, at a gross ch
Antwerp Hits 200 Million Tonne Mark
The Belgian port of Antwerp has passed the mark of more than 200 million tonnes of freight and over 9 million TEU handled in one year for the first time ever. In October, the port said it handled 156,515,552 tonnes of freight in the first nine months of 2015, up 5.5% on the same period last year. [&
Aurora LPG Chair: Ship Sale or Even Liquidation Would Beat Avance’s Offer
Having been faced with mounting pressure from its two competitors Avance Gas and BW LPG, Oslo-listed Aurora LPG Holdings ASA said that it intends to intensify its efforts to crystallize underlying values, including through sale of vessels or even the company’s liquidation. “As announced in the Board
Klaipeda Court Launches Lithuanian Shipping’s Bankruptcy Proceedings
Regional Court of Klaipeda has initiated the bankruptcy proceedings of PC Lithuanian Shipping Company. The decision comes into force 10 days after its adoption. The move comes following the company’s application for bankruptcy filed on November 27th by the company’s general director Sigitas Dobilins
Lower Charter Rates Lead Box Ships to Net Loss
Athens-based container shipping company Box Ships has reported a net loss during the third quarter of 2015 at USD 0.8 million, compared to a net income of USD 5.6 million during the corresponding period in 2014. The company’s results were influenced by decreased charter rates, as well as by a rise i
Antwerp, Guangzhou Ports Ink Twinning Agreement
The Belgian port of Antwerp has signed a twinning agreement with its Chinese counterpart, the port of Guangzhou, that will see the two ports strengthen collaboration. The twinning agreement dovetails perfectly with the philosophy of “One Belt One Road” that was announced by China in the autumn of 20
German Merchant Fleet Shrinks Further
The German merchant fleet has shrunk for the third consecutive year and as of September it is down to 3,122 vessels, the German Shipowners’ Association claims. Since 2012, the country’s transport capacity fell by 12% and the number of ships has decreased by almost 17%. “The decline in our commercial
Rotterdam Dockworkers’ Talks with Employers Fall Through, Strike Imminent
After the talks between Rotterdam Dockworkers’ unions FNV Havens and CNV Vakmensen with the port authority and the employers fell through, the unions are ready to call for a mobilisation of their members, European Transport Workers’ Federation said. On Friday, 11 December the employers and port auth
COP21: Paris Remains Silent on Shipping and Aviation
The 195 nations at the COP21 climate change summit in Paris unanimously reached an agreement on carbon emissions on December 12 – without including the shipping and aviation industries. The global shipping industry, represented by the International Chamber of Shipping (ICS) throughout the United Nat
HHLA Sees 11.8 Pct Drop in Container Volumes
German terminal operator Hamburger Hafen und Logistik AG (HHLA) has recorded a 11.8 percent drop in container throughput to 5 million TEU at the terminals in Hamburg and Odessa for the nine-month period of 2015, against last year’s 5.7 million TEUs. The volume decrease resulted from the 21.8 percent
Dolphin Resorts to Bankruptcy
Norwegian Dolphin Group ASA together with its subsidiary Dolphin Geophysical AS will today file a petition for bankruptcy with their relevant courts having succumbed to difficult market conditions stemming from depressed oil prices. As a consequence of the bankruptcy petition, all trading of the com
Mergers & Acquisitions in Container Shipping to Cause Operational Headaches
The latest merger and acquisition activities in the container shipping sector are set to cause some operational headaches to container shipping alliances as they lose their member lines, UK-based shipping consultancy Drewry believes. French liner company CMA CGM, which is in the process of acquiring
Oceanfleet’s Engineers Indicted for Using ‘Magic Pipe’
A federal grand jury in Greenville, North Carolina, has returned a nine-count indictment charging two engineering officers employed by Greek shipping company Oceanfleet Shipping Limited with illegal discharge of oily wastes directly into the sea, the US Justice Department informed. The two engineeri