Green Marine
Hapag-Lloyd Boosts Europe Australia Express Service
German liner company Hapag-Lloyd announced that it is adding French ports Fos sur Mer and Pointe de Galets to improve its Europe Australia Express service (EAX). The ports will be added to the EAX rotation on the southbound leg as of December. Hapag-Lloyd also said that the Italian call on the north
First LNG Cargo Sails to Świnoujście LNG Terminal
Polish LNG terminal in Świnoujście is expecting its first supply of liquid natural gas to be delivered mid December. The Q-Flex LNG tanker vessel Al Nuaman was loaded in the Qatari port of Ras Laffan on November 19th 2015, and is expected to reach the terminal on December 11th or 12th. The first del
Container Catches Fire on MSC Ship off Germany
The crew of the 12,400 TEU container ship MSC Katrina reported that one of the containers on board caught fire on Friday, November 20, while the vessel was en route from Antwerp to Hamburg, according to Germany’s Central Command for Maritime Emergencies (CCME). The crew of the Panama-flagged boxship
IMO Highlights Importance of Shipping
The International Maritime Organization (IMO) Council has decided to go with “Shipping: indispensable to the world” as the World Maritime Day theme for 2016. Addressing the IMO Council, meeting for its 28th Extraordinary Session at IMO Headquarters in London, IMO Secretary-General Koji Sekimizu said
CMA CGM Enters Exclusive Talks with NOL
French container line CMA CGM initiated exclusive discussions with Singapore-based Neptune Orient Lines Limited (NOL) and its controlling shareholder Lentor Investments Pte. Ltd., with respect to a potential combination. CMA CGM said that no agreement has yet been reached and no assurance can be giv
Spotted: BEST Sets Record with Eight STS Cranes
The Barcelona Europe South Terminal (BEST) serviced the 14,000 TEU vessel MSC Livorno with eight ship-to-shore (STS) gantry cranes on October 27, the first time that a container terminal in the Port of Barcelona has operated such a high number of cranes simultaneously on a single vessel. BEST, opera
Baltic Dry Index Hits Its Lowest Point
The Baltic Dry Index (BDI) fell to 504 points on Thursday, hitting the lowest point in almost thirty years. The BDI dropped by 15 points, a 2,89 percent decrease against the numbers on November 18, and a 36 percent decrease for this year. Such low results are caused by a reduction in the cost of shi
Ridgebury Mulling Tanker Fleet Sale
Oslo-listed Ridgebury Holdings is looking into selling some or all of its tankers, including the ones owned by Ridgebury Crude Tankers, and keep only the four very large crude carriers (VLCCs) bought by the company’s subsidiary, Ridgebury V4 Investments, back in July. The Connecticut-based Ridgebury
VIDEO: Engine Room Fire Leaves Cruise Ship Drifting off Falklands
The 10,000 tonne cruise ship Le Boreal, operated by French Compagnie du Ponant, suffered a major engine room fire on November 18 which left the ship drifting at sea and in danger of grounding on Cape Dolphin, East Falkland. The incident forced the master of Le Boreal to order evacuation of 347 passe
US Sues Inchcape Over Alleged Overbilling Scheme
The US government has joined a lawsuit alleging that the UK-headquartered marine services contractor Inchcape Shipping Services and certain of its subsidiaries violated the country’s False Claims Act by knowingly overbilling the U.S. Navy for ship husbanding services from years 2005 to 2014. The law
MAN Buys Cryo’s Marine Fuel Gas Supply Business
Swedish marine propulsion producer MAN Diesel & Turbo Sverige AB acquired the marine fuel gas supply system (FGSS) business from compatriot Cryo AB, part of the Linde Engineering Division. MAN Group expects the buy to further enhance the company’s system scope offering in marine LNG propulsion. The
Moody’s: BW Group Unfazed by BW Pacific’s Binned IPO
BW Pacific Limited not proceeding with its planned IPO and listing on the Oslo Stock Exchange has no impact on the credit rating of its majority shareholder, BW Group Ltd, rated at Ba1 stable, as the decision will have limited implications on BW Group’s liquidity profile or capital structure, accord
CKYHE Alliance Suspends Its Asia-USEC Service
The pan-Asian container shipping alliance CKYHE has decided to suspend their NUE3 (AWS) service connecting Asia to US East Coast (USEC) from December 3, as a response to decreased winter market demand. According to the alliance, the M/V Nagoya Tower will conduct the final voyage as part of the NUE3
TGS Axes 16 Pct of Workforce
Norwegian multi-client geoscience data provider TGS-NOPEC Geophysical Company (TGS) decided to cut its global workforce by 130 people, corresponding to around 16 percent of the total workforce. Due to the continued weak market conditions, the company took the step as a measure of implementing global