Green Marine
Tsakos Fixes Suezmax Tanker
Athens-based tanker owner and operator Tsakos Energy Navigation (TEN) has entered into a long-term charter agreement for a suezmax tanker with an undisclosed company. The contract is scheduled to start in December 2015 upon the completion of the vessel’s current voyage. Tsakos expects that the chart
Report: CMA CGM Courting Lenders to Back NOL Buy
French liner giant CMA CGM is reported to be in talks with lenders with regard to its potential purchase of Singapore-based Neptune Orient Lines Limited (NOL). The lenders in question include NP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co., Bloomberg reports citing sources close to the mat
Port of Gdansk On a Roll
Despite the difficult situation on the shipping market, the Polish Port of Gdansk has handled a record 32.5 million tons of cargo so far this year, compared to the 2014 record of 32.3 million tonnes. “We can expect that by the end of 2015 the Port of Gdansk will have handled an amount which may even
ICS: Dramatic CO2 Measures Await the Shipping Industry
The international shipping industry is about to undergo additional CO2 reductions that will be achieved in the immediate future, International Chamber of Shipping (ICS) Secretary General, Peter Hinchliffe, highlighted during the United Nations Conference in Paris. “These dramatic further CO2 reducti
Spotted: Norwegian Escape Flaunts World’s Biggest Scrubber Systems
In today’s spotted we bring you what is deemed to be the world’s biggest scrubber system, which has been installed aboard the Norwegian Cruise Lines’ newest cruise vessel Norwegian Escape. Yara Marine Technologies’ five SOx scrubber systems, installed aboard the largest cruise ship in Norwegian Crui
Royal Caribbean Picks MAN PrimeServ Turbochargers
German services company MAN PrimeServ Turbocharger will retrofit the turbochargers aboard four cruise liners owned by Miami-based Royal Caribbean Cruises’ (RCCL). The contract covers the retrofit of a total of 30 turbochargers aboard four vessels – two operated by Royal Caribbean International, and
Frontline, Frontline 2012 Merger Cleared
The merger transactions between Frontline and Frontline 2012 have been approved today at the special general meeting of the shareholders of the respective companies. The merger will see Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned subsidiary of Frontline, creati
Oil Spills from Grounded Tanker off Sakhalin Island
Efforts are underway to clean up an oil spill after a Russian-flagged tanker, carrying 786 tons of fuel oil and diesel fuel, grounded near the port city of Nevelsk on Sakhalin Island, Russia on Saturday, local authorities report. Due to rough weather conditions, the 1,139 DWT tanker Nadezhda crewed
Lithuanian Shipping Company Files for Bankruptcy Again
The General Director of PC Lithuanian Shipping Company Sigitas Dobilinskas applied to the District court of Klaipeda to initiate bankruptcy proceedings in respect of PC Lithuanian Shipping Company, the company informed on Friday, November 27th. This is the second time in less than six months that th
Kidnapped Polish Sailors “Safe and Sound”
The five kidnapped sailors of the Polish cargo ship Szafir have contacted their families and are reported to be “safe and sound”, the Polish Foreign Affairs Ministry said in an update. “Today, the kidnapped sailors have contacted their families in Poland by phone and said they were safe and sound. T
IMO Names Member States of Its Council
The International Maritime Organization’s (IMO) assembly has elected 40 members states for its council for the 2016-2017 biennium. In the category of states with the largest interest in providing international shipping services, the IMO has appoined China, Greece, Italy, Japan, Norway, Panama, Repub
Höegh Sees Rise in Income, Prepares for FSRU Growth
Oslo-listed provider of floating LNG services Höegh LNG has reported an increase in its total income to USD 58.7 million for the third quarter of 2015, up from USD 54.6 million in the second quarter 2015, and compared to USD 32.7 million in the same period last year. “The improved operating result i
Interorient Shipmanagement Nabs EBRD Loan
Cyprus-based ship management company Interorient Shipmanagement has secured a USD 11.4 million loan from the European Bank for Reconstruction and Development (EBRD) that will be used for the company’s expansion plans. Interorient Shipmanagement is planning to expand its fleet under management throug
Fuel Removed from Oleg Naydenov, Leaks Sealed
The fuel removal operation from the sunken Russian trawler Oleg Naydenov has been completed and the wreck has been officially sealed, Spanish Salvamento Maritimo informed. The ship sank some 15 miles off Punta Maspalomas, the Canary Islands, on April 14th after a fire that was burning for days sprea