Green Marine
APM Terminals Buys Vado Ligure Reefer Terminal
Netherlands-based port operator APM Terminals has bought a 100% stake in Reefer Terminal S.p.A., located in Italy’s Port of Vado Ligure, but the terms and the value of the agreement were not disclosed. The Vado Ligure Reefer Terminal, the largest refrigerated terminal in the Mediterranean, handling
APM Terminals Buys Vado Ligure Reefer Terminal
Netherlands-based port operator APM Terminals has bought a 100% stake in Reefer Terminal S.p.A., located in Italy’s Port of Vado Ligure, but the terms and the value of the agreement were not disclosed. The Vado Ligure Reefer Terminal, the largest refrigerated terminal in the Mediterranean, handling
Leading Boxship Operators Welcome Expanded Suez Canal
Danish container shipping giant Maersk Line and French carrier CMA CGM have welcomed yesterday’s official inauguration of the expanded Suez Canal. The Suez Canal accounts for roughly 7.5% of world sea trade and container vessels account for over 50% of the canal’s tonnage passage, according to Maers
Leading Boxship Operators Welcome Expanded Suez Canal
Danish container shipping giant Maersk Line and French carrier CMA CGM have welcomed yesterday’s official inauguration of the expanded Suez Canal. The Suez Canal accounts for roughly 7.5% of world sea trade and container vessels account for over 50% of the canal’s tonnage passage, according to Maers
Video: Manned Free Fall Lifeboat World Record Drop
Norwegian life boat manufacturer Norsafe recently set a world record for the highest manned free fall lifeboat drop after the 70 passenger GES50 MKIII was dropped from 40 meters with 10 persons on board at the company’s training and test center in Rosendal. ”The feeling of diving into the water was
Video: Manned Free Fall Lifeboat World Record Drop
Norwegian life boat manufacturer Norsafe recently set a world record for the highest manned free fall lifeboat drop after the 70 passenger GES50 MKIII was dropped from 40 meters with 10 persons on board at the company’s training and test center in Rosendal. ”The feeling of diving into the water was
Ocean Rig Buries DryShips
Athens-based DryShips Inc. recorded USD 1.44 billion net loss for the quarter ended June 30, 2015, largely due to one-off non-cash USD 1.35 billion loss associated with the deconsolidation of its offshore deepwater drilling subsidiary – Ocean Rig. The net loss was further deepened by USD 83.9 millio
Ocean Rig Buries DryShips
Athens-based DryShips Inc. recorded USD 1.44 billion net loss for the quarter ended June 30, 2015, largely due to one-off non-cash USD 1.35 billion loss associated with the deconsolidation of its offshore deepwater drilling subsidiary – Ocean Rig. The net loss was further deepened by USD 83.9 millio
US Investment Funds Eyeing Italian Shipping Loans
U.S. investment funds have set their sights on USD 13 billion worth of shipping loan portfolios held by Italian banks, following the changes of Italy’s laws and regulations which lower the risk of them being dragged into long bankruptcy proceedings, Reuters reports. Davidson Kempner, King Street Cap
US Investment Funds Eyeing Italian Shipping Loans
U.S. investment funds have set their sights on USD 13 billion worth of shipping loan portfolios held by Italian banks, following the changes of Italy’s laws and regulations which lower the risk of them being dragged into long bankruptcy proceedings, Reuters reports. Davidson Kempner, King Street Cap
GasLog Upbeat after Posting Better Quarterly Results
NYSE-listed owner and operator of gas carriers GasLog Ltd. reported USD 16.7 million profit for the quarter ended June 30, 2015, as compared to USD 3.5 million recorded in the second quarter of 2014. GasLog’s revenue for the quarter increased from USD 73.2 in 2QFY2014, to USD 104.4 million recorded
GasLog Upbeat after Posting Better Quarterly Results
NYSE-listed owner and operator of gas carriers GasLog Ltd. reported USD 16.7 million profit for the quarter ended June 30, 2015, as compared to USD 3.5 million recorded in the second quarter of 2014. GasLog’s revenue for the quarter increased from USD 73.2 in 2QFY2014, to USD 104.4 million recorded
Viking Line Sets Monthly Passenger Record in July
Finnish ferry operator Viking Line transported record high 945,343 passengers in July 2015, or 20,519 more than the record figure achieved in July 2014. The number of cars transported grew by 6 per cent to 116,417 compared to July a year earlier. On the Turku (Finland) – Aland Islands (Finland) – St
Viking Line Sets Monthly Passenger Record in July
Finnish ferry operator Viking Line transported record high 945,343 passengers in July 2015, or 20,519 more than the record figure achieved in July 2014. The number of cars transported grew by 6 per cent to 116,417 compared to July a year earlier. On the Turku (Finland) – Aland Islands (Finland) – St