Green Marine
Update: Fuel Oil Removed from Sunken Flinterstar
All remaining heavy fuel oil (HFO 380) has been removed from the general cargo ship Flinterstar, which sank after colliding with the LNG tanker Al-Oraiq off Belgium’s Zeebruggee on October 6, Dutch shipping company Flinter, the owner of the ship, said in an update. The 2002-built Flinterstar had aro
EBRD Earmarks EUR 200 Million for Morocco’s New Port
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a st
EBRD Earmarks EUR 200 Million for Morocco’s New Port
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a st
NAT Takes Over Second Suezmax
Bermuda-based tanker owner Nordic American Tankers (NAT) has taken delivery of the second of two 2010-built Suezmaxes bought for USD 122 million back in July. The first of these two ships, Nordic Light, was delivered to NAT on September 22. The second was taken over on October 29, and has been renam
NAT Takes Over Second Suezmax
Bermuda-based tanker owner Nordic American Tankers (NAT) has taken delivery of the second of two 2010-built Suezmaxes bought for USD 122 million back in July. The first of these two ships, Nordic Light, was delivered to NAT on September 22. The second was taken over on October 29, and has been renam
Port of Rotterdam Forges Ties with Bank of China
The Bank of China and the Port of Rotterdam Authority signed a Memorandum of Understanding on Wednesday, October 28th aimed at strengthening relations between China and the Netherlands. The two parties intend to work together on identifying, attracting and developing business opportunities in, among
Port of Rotterdam Forges Ties with Bank of China
The Bank of China and the Port of Rotterdam Authority signed a Memorandum of Understanding on Wednesday, October 28th aimed at strengthening relations between China and the Netherlands. The two parties intend to work together on identifying, attracting and developing business opportunities in, among
China Cosco Reports USD 267.5 Million Quarterly Loss
Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and
China Cosco Reports USD 267.5 Million Quarterly Loss
Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and
Nakilat Wraps Up World’s First ME-GI Retrofit
Qatari gas transporter Nakilat has retrofitted the 266,000 cbm LNG carrier Rasheeda with a gas-burning M-Type Electronically Controlled – Gas Injection (ME-GI) System, making it the world’s first vessel in which low-speed marine diesel engines were converted to use LNG as a fuel. The retrofit modifi
Nakilat Wraps Up World’s First ME-GI Retrofit
Qatari gas transporter Nakilat has retrofitted the 266,000 cbm LNG carrier Rasheeda with a gas-burning M-Type Electronically Controlled – Gas Injection (ME-GI) System, making it the world’s first vessel in which low-speed marine diesel engines were converted to use LNG as a fuel. The retrofit modifi
AMSC Seals USD 500 Million Loan, About to Close Philly Tankers Sale
American Shipping Company (AMSC) has sealed a USD 500 million refinancing of its secured bank debt with a group of lenders announced earlier this year. The loan agreement was signed on October 28th and is structured in two separate facilities; one being a USD 350 million facility with a club of thre
AMSC Seals USD 500 Million Loan, About to Close Philly Tankers Sale
American Shipping Company (AMSC) has sealed a USD 500 million refinancing of its secured bank debt with a group of lenders announced earlier this year. The loan agreement was signed on October 28th and is structured in two separate facilities; one being a USD 350 million facility with a club of thre
Offshore Wind Farms in the Netherlands
Last June, the Dutch government was obliged by court to reduce the emissions of greenhouse gasses with 25 per cent by 2020 compared to 1990. Climate organisation Urgenda has instituted legal proceedings against the Dutch government. This is a unique case, as nowhere else in the world has a governmen