Green Marine
Stena Line Objects to State Aid for Undersea Fehmarn Tunnel
Ferry operator Stena Line believes that the European Commission’s tacit approval of public financing of the Fehmarn Belt fixed rail-road link between Denmark and Germany is discriminatory and not in line with EU State aid rules. The financing model notified by Denmark involves public support for the
Stena Line Objects to State Aid for Undersea Fehmarn Tunnel
Ferry operator Stena Line believes that the European Commission’s tacit approval of public financing of the Fehmarn Belt fixed rail-road link between Denmark and Germany is discriminatory and not in line with EU State aid rules. The financing model notified by Denmark involves public support for the
Safe Bulkers Sinks Further into Red
Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 3
Safe Bulkers Sinks Further into Red
Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 3
VIDEO: Countdown Begins for MSC Zoe’s Christening
The Mediterranean Shipping Company (MSC), the world’s second largest container line, is about to christen the third super container ship of its ‘Oscar class’ series featuring 19,224 TEU vessels. MSC took delivery of its second 19,224 TEU container ship – MSC Oliver – in March, two months after its r
VIDEO: Countdown Begins for MSC Zoe’s Christening
The Mediterranean Shipping Company (MSC), the world’s second largest container line, is about to christen the third super container ship of its ‘Oscar class’ series featuring 19,224 TEU vessels. MSC took delivery of its second 19,224 TEU container ship – MSC Oliver – in March, two months after its r
Euronav Expects Strong Tanker Market in Q3
Sustained improvement in tanker freight rates has driven Euronav’s EBITDA up to USD 142.3 million in the second quarter of 2015 ended June 30, the tanker owner and operator said in its preliminary financial results. Freight rates throughout the three months to the end of June were consistently stron
Euronav Expects Strong Tanker Market in Q3
Sustained improvement in tanker freight rates has driven Euronav’s EBITDA up to USD 142.3 million in the second quarter of 2015 ended June 30, the tanker owner and operator said in its preliminary financial results. Freight rates throughout the three months to the end of June were consistently stron
Burnt-Out Norman Atlantic Targeted by Thieves
The burnt-out ROPAX ferry MS Norman Atlantic, owned by the Italian ferry company Visemar di Navigazione, has been raided by thieves, inspectors found. According to the local media, thieves broke into the wreck and attempted to steal the cars on board the ship, which was moored in Bari, Italy after i
Burnt-Out Norman Atlantic Targeted by Thieves
The burnt-out ROPAX ferry MS Norman Atlantic, owned by the Italian ferry company Visemar di Navigazione, has been raided by thieves, inspectors found. According to the local media, thieves broke into the wreck and attempted to steal the cars on board the ship, which was moored in Bari, Italy after i
Diana Containerships Adds Capacity
Nasdaq-listed shipping company Diana Containerships has through two of its wholly-owned subsidiaries signed two Memoranda of Agreement to purchase from an unaffiliated third party two 6,500 TEU boxships, the m/v Rotterdam and the m/v Hamburg. The 2008-built Rotterdam was bought for USD 37.5 million,
Diana Containerships Adds Capacity
Nasdaq-listed shipping company Diana Containerships has through two of its wholly-owned subsidiaries signed two Memoranda of Agreement to purchase from an unaffiliated third party two 6,500 TEU boxships, the m/v Rotterdam and the m/v Hamburg. The 2008-built Rotterdam was bought for USD 37.5 million,
14 People Found Dead on Migrant Boat off Libya
Italian authorities have confirmed the deaths of 14 people on board a boat carrying hundreds of refugees and migrants across the Mediterranean on Tuesday, July 28. According to officials, 456 people are known to have survived and were rescued during an operation conducted by an Irish naval patrol. A
14 People Found Dead on Migrant Boat off Libya
Italian authorities have confirmed the deaths of 14 people on board a boat carrying hundreds of refugees and migrants across the Mediterranean on Tuesday, July 28. According to officials, 456 people are known to have survived and were rescued during an operation conducted by an Irish naval patrol. A