Green Marine
DP World Interested in Russia’s Far East
Dubai-based port operator DP World is interested in investing in Russia’s Far East region, the company’s Chairman Sultan Ahmed bin Sulayem said after a meeting with Russian President Vladimir Putin during the opening of the Eastern Economic Forum (EEF) held in Vladivostok from September 3 to 5. Foll
DP World Interested in Russia’s Far East
Dubai-based port operator DP World is interested in investing in Russia’s Far East region, the company’s Chairman Sultan Ahmed bin Sulayem said after a meeting with Russian President Vladimir Putin during the opening of the Eastern Economic Forum (EEF) held in Vladivostok from September 3 to 5. Foll
Aegean Marine Petroleum Renews USD 1.2 Bn Loan
Marine fuel logistics company Aegean Marine Petroleum Network has renewed its USD 1 billion secured global borrowing base multicurrency revolving credit facility under improved terms, the company informed. In addition to the global borrowing base Aegean also announced that it has renewed its USD 250
Aegean Marine Petroleum Renews USD 1.2 Bn Loan
Marine fuel logistics company Aegean Marine Petroleum Network has renewed its USD 1 billion secured global borrowing base multicurrency revolving credit facility under improved terms, the company informed. In addition to the global borrowing base Aegean also announced that it has renewed its USD 250
DNV GL: Greater Focus on Cyber Security Essential
The use of sensors and software-driven systems on board ships will enable greater transparency and efficiency, but they also come with new challenges, said Tor E. Svensen, DNV GL Group Executive Vice President, at the International Union of Marine Insurance (IUMI) conference in Berlin this week. “A
DNV GL: Greater Focus on Cyber Security Essential
The use of sensors and software-driven systems on board ships will enable greater transparency and efficiency, but they also come with new challenges, said Tor E. Svensen, DNV GL Group Executive Vice President, at the International Union of Marine Insurance (IUMI) conference in Berlin this week. “A
Maersk Line Testing Heavy Fuel Oil Alternative
Maersk Line has signed an agreement with Spanish energy company Compania Espanola De Petroleos S.A.U. (CEPSA) and London-based Quadrise Fuels International to test trial Marine MSAR – an alternative marine fuel developed by Quadrise and expected to provide a cheaper and potentially environmentally s
Maersk Line Testing Heavy Fuel Oil Alternative
Maersk Line has signed an agreement with Spanish energy company Compania Espanola De Petroleos S.A.U. (CEPSA) and London-based Quadrise Fuels International to test trial Marine MSAR – an alternative marine fuel developed by Quadrise and expected to provide a cheaper and potentially environmentally s
Global Ship Lease Adds 20th Vessel to Its Fleet
Global Ship Lease, Inc., a containership charter owner incorporated in the Marshall Islands, has taken delivery of a 2004-built, 8,063 TEU containership, the OOCL Ningbo. Upon delivery, the vessel commenced a timecharter back to Orient Overseas Container Line UK Limited, an affiliate of the seller,
Global Ship Lease Adds 20th Vessel to Its Fleet
Global Ship Lease, Inc., a containership charter owner incorporated in the Marshall Islands, has taken delivery of a 2004-built, 8,063 TEU containership, the OOCL Ningbo. Upon delivery, the vessel commenced a timecharter back to Orient Overseas Container Line UK Limited, an affiliate of the seller,
Is There a Light at the End of the Tunnel for Boxships?
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus 2015 Conference in Limassol, Cyprus on the 13-16 Septem
Is There a Light at the End of the Tunnel for Boxships?
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus 2015 Conference in Limassol, Cyprus on the 13-16 Septem
Russian Tanker Captured in Libya
A Russian-flagged oil tanker has been seized by military forces pertaining to rival government in Libya as the ship’s crew reportedly tried to smuggle oil from the port of Zawara. “A Russian-flagged oil tanker was captured this afternoon when it tried to smuggle oil off Zawara,“ Twafik Alskir, a sen
Russian Tanker Captured in Libya
A Russian-flagged oil tanker has been seized by military forces pertaining to rival government in Libya as the ship’s crew reportedly tried to smuggle oil from the port of Zawara. “A Russian-flagged oil tanker was captured this afternoon when it tried to smuggle oil off Zawara,“ Twafik Alskir, a sen