Green Marine
Caterpillar Marine Finishing Fure West Dual Fuel Conversion
Hamburg-based marine engine builder Caterpillar Marine is completing the dual fuel engine retrofit conversion on the 472-foot Fure West tanker, owned by Furetank Rederi A/B, which will enable the vessel to run on liquefied natural gas (LNG). After conversion, scheduled to be completed by the end of
Caterpillar Marine Finishing Fure West Dual Fuel Conversion
Hamburg-based marine engine builder Caterpillar Marine is completing the dual fuel engine retrofit conversion on the 472-foot Fure West tanker, owned by Furetank Rederi A/B, which will enable the vessel to run on liquefied natural gas (LNG). After conversion, scheduled to be completed by the end of
Ship Finance Offloads Ageing Tanker
NYSE-listed Ship Finance International Limited has agreed to sell its 1995-built Suezmax Front Glory to an unrelated third party for approximately USD 16 million, which will be used to finance the company’s fleet renewal project. Ship Finance has simultaneously agreed to terminate the corresponding
Ship Finance Offloads Ageing Tanker
NYSE-listed Ship Finance International Limited has agreed to sell its 1995-built Suezmax Front Glory to an unrelated third party for approximately USD 16 million, which will be used to finance the company’s fleet renewal project. Ship Finance has simultaneously agreed to terminate the corresponding
VIDEO: DolWin Beta Platform Leaves Norway
DolWin beta platform sailed out on August 1st, 2015 from Haugesund, Norway, and it is on its way to the German North Sea. The platform will house the converter station for the DolWin2 HVDC link being executed by ABB. The link will have the capacity to transmit 916 megawatts (MW) of clean power into
VIDEO: DolWin Beta Platform Leaves Norway
DolWin beta platform sailed out on August 1st, 2015 from Haugesund, Norway, and it is on its way to the German North Sea. The platform will house the converter station for the DolWin2 HVDC link being executed by ABB. The link will have the capacity to transmit 916 megawatts (MW) of clean power into
Ind-Ra: Outlook for Shipping Sector Remains Negative-to-Stable in FY16
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
Ind-Ra: Outlook for Shipping Sector Remains Negative-to-Stable in FY16
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
Danaos Rakes In
Athens-based container ship owner Danaos Corporation reported USD 38 million net income for the quarter ended June 30, 2015, a 227.6% increase compared to USD 11.6 million the company had earned in Q2FY2014. Danaos attributed the increased profit to a USD 20.6 million reduction in net finance costs,
Danaos Rakes In
Athens-based container ship owner Danaos Corporation reported USD 38 million net income for the quarter ended June 30, 2015, a 227.6% increase compared to USD 11.6 million the company had earned in Q2FY2014. Danaos attributed the increased profit to a USD 20.6 million reduction in net finance costs,
Diana Containerships Charters Out One to Maersk Line
Athens-based Diana Containerships Inc. has through a separate wholly-owned subsidiary entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great. The gross charter rate for the 2004-built, 5,576 TEU boxship is USD 14,750 per day, minus a 5%
Diana Containerships Charters Out One to Maersk Line
Athens-based Diana Containerships Inc. has through a separate wholly-owned subsidiary entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great. The gross charter rate for the 2004-built, 5,576 TEU boxship is USD 14,750 per day, minus a 5%
Video: MSC Zoe Arrives in Hamburg
Mediterranean Shipping Company (MSC) christened its third ‘Oscar Class,’ 19,224 TEU container ship – MSC Zoe – at the Port of Hamburg on August 1. MSC Zoe is the third of a total of twenty mega-vessels which are scheduled for delivery by the end of the year. MSC took delivery of its second 19,224 TE
Video: MSC Zoe Arrives in Hamburg
Mediterranean Shipping Company (MSC) christened its third ‘Oscar Class,’ 19,224 TEU container ship – MSC Zoe – at the Port of Hamburg on August 1. MSC Zoe is the third of a total of twenty mega-vessels which are scheduled for delivery by the end of the year. MSC took delivery of its second 19,224 TE