Green Marine
Bomb Threat at Limassol Port, No Device Found
The Port of Limassol, one of the largest and busiest ports in Cyprus, was shook by quite a scare on Monday, having received a bomb threat via telephone. As informed, the transport police received the threat call on Monday morning at 09:30 by an unidentified person who spoke broke English. The police
Glencore’s Oil Export Deal in Libya Put to Question
The internationally-recognized government of Libya will not support a potential oil exports deal between tanker operator Glencore Plc and National Oil Corp.’s western counterpart in Tripoli. The deal has not yet been formally announced, but was confirmed to Bloomberg by Mohammad Elharari, a spokesma
Frontline 2012 Navigates Through Stellar Quarter, Vote on Merger around the Corner
Tanker owner and operator Frontline 2012 Ltd. has reported its strongest quarter ever with achieved net income from continuing operations of USD 61.9 million for the third quarter of 2015 and net income of USD 196.8 million for the nine months ended September 30, 2015 amid robust tanker market. “The
Dockworker Strike Looming at Port of Rotterdam
The Port of Rotterdam’s dockworkers voted on Monday to support a series of 24-hour strikes at the port in December and January to voice their opposition to potential job cuts which may bring the European’s biggest port to a standstill. FNV Havens union said that the strikes are aimed at preventing r
Drifting Cargo Ship off UK Put under Tow
The Barbados registered cargo vessel called Skog, which was drifting off Orkney as of this morning due to engine problems is now under tow, the UK Coast Guard said. After the vessel reported that it was drifting without engine power and taking in water this morning, Shetland Coastguard sent the Coas
MacGregor to Book USD 11.7 Mln Settlement Loss
Finnish cargo-handling machinery maker Cargotec has, through its MacGregor business, reached a settlement agreement with an undisclosed client and will book EUR 11 million (USD 11.7 million) cost. MacGregor and the customer have agreed not to disclose further details on the issue nor on the settleme
Navios Maritime’s Loss Widens, Dividend Payment Delayed
Greek dry bulk shipping company Navios Maritime Holdings reported decreased revenue of USD 131 million for third quarter, ended September 30, 2015, compared to USD 152.5 million for the same period last year. Revenue from drybulk vessel operations for the quarter was USD 63.6 million as compared to
Concordia, Stena Weco Charter MR Tanker
Swedish tanker owner and operator Concordia Maritime has, together with Danish tanker owner and operator Stena Weco, signed a contract for the charter of an IMO2/3 class MR tanker. The contract, which comes into effect at the end of November 2015, is for two years with an option for a further 1-6 mo
DFDS Bolsters Rotterdam-UK Capacity
Denmark-based passenger and freight shipping company DFDS Seaways will further increase its capacity on its two freight routes from Rotterdam to the United Kingdom as of end of November. The company’s ro-ro cargo ship Britannia Seaways will replace MS Anglia Seaways on the Rotterdam – Felixstowe rou
Majestic Princess to Test Her Mettle in the Med before Sailing to Asia
The California-based cruise operator Princess Cruises, part of Carnival Corporation, will deploy its newest ship Majestic Princess, on sailings to Europe in the 2017 cruise season before sending the ship to ply Asian waters. Majestic Princess will join the company’s Royal Princess, Regal Princess, C
Offshore Energy Has a New Home
In the past eight years Offshore Energy Exhibition & Conference (OEEC) has experienced continual growth and it has the ambition to continue this steady course. In that respect we have exciting news to share: OEEC will have a new home in 2016 and will move to hall 1, 2, 4 and 5 of Amsterdam RAI. [&he
Drewry: To Lay-Up or Not to Lay-Up
As shipowners continue to lay up containerships as the market slows, the size of the idle fleet is expected to get bigger while rates and profits slide, UK-based shipping consultant Drewry said. To lay-up or not to lay-up, that is the question owners of containerships will be asking themselves durin
NGOs Push for CO2 Reduction Measures for Shipping
Shipping could be responsible for 17% of global CO2 emissions in 2050 if left unregulated, a study published by European Parliament says. The coming Paris Climate Summit therefore must send a clear signal to the International Maritime Organization (IMO) that CO2 reduction targets and measures for sh
P&O Ferries Carries One Millionth Freight Unit from Tilbury
UK-based pan-European ferry operator P&O Ferries has carried its one millionth freight unit out of the British port of Tilbury, after an increase in volumes of almost 300 per cent since it launched the North Sea route to the UK eight years ago. The ferry company is on course to carry a record 210,00