Green Marine
Shares of Greek Shipping Companies Take a Nosedive
Shares of Greek shipping companies listed on US stock exchanges took a tumble on Monday, one day after the Greeks voted No to additional austerity measures that would have lead to a fresh financial aid package from international creditors to the country. Among those companies affected were Athens-ba
Shares of Greek Shipping Companies Take a Nosedive
Shares of Greek shipping companies listed on US stock exchanges took a tumble on Monday, one day after the Greeks voted No to additional austerity measures that would have lead to a fresh financial aid package from international creditors to the country. Among those companies affected were Athens-ba
Drewry: Ordering of Big Ships Starting to Backfire
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in
Drewry: Ordering of Big Ships Starting to Backfire
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in
CMA CGM Cleared to Buy German Short Sea Operator OPDR
The European Commission has approved French container line CMA CGM’s plan to buy German short sea shipping operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR). Both OPDR and CMA CGM (through its subsidiary MacAndrews) are active in intra-European short sea container shipping, including po
CMA CGM Cleared to Buy German Short Sea Operator OPDR
The European Commission has approved French container line CMA CGM’s plan to buy German short sea shipping operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR). Both OPDR and CMA CGM (through its subsidiary MacAndrews) are active in intra-European short sea container shipping, including po
Fjord Line Opens First Danish LNG Bunkering Terminal
Port of Hirtshals became the first Danish port to offer LNG bunkering services following the opening of Fjord Line’s LNG terminal on July 1. Fjord Line invested in a 500 cubic meters LNG tank and terminal facilities at Hirtshals to optimize operation of its two LNG-powered cruise ferries – M/S Berge
Fjord Line Opens First Danish LNG Bunkering Terminal
Port of Hirtshals became the first Danish port to offer LNG bunkering services following the opening of Fjord Line’s LNG terminal on July 1. Fjord Line invested in a 500 cubic meters LNG tank and terminal facilities at Hirtshals to optimize operation of its two LNG-powered cruise ferries – M/S Berge
Hamburg Tackles Illegal Ship Waste Dumping
All ships calling at the Port of Hamburg are now allowed to dispose of the six-times higher amount of waste at no extra charge as an incentive to prevent waste from ships being dumped illegally into the sea. An estimated 20,000 cubic meters of ship waste gets dumped in the North Sea every year. The
Hamburg Tackles Illegal Ship Waste Dumping
All ships calling at the Port of Hamburg are now allowed to dispose of the six-times higher amount of waste at no extra charge as an incentive to prevent waste from ships being dumped illegally into the sea. An estimated 20,000 cubic meters of ship waste gets dumped in the North Sea every year. The
American Shipping Company Seals USD 500m in Loans
Tanker owner American Shipping Company ASA has received firm commitments for a USD 500 million refinancing of its secured bank debt from a group of lenders. The refinancing is structured in two separate facilities; one being a USD 350 million facility with a club of four banks consisting of BNP Pari
American Shipping Company Seals USD 500m in Loans
Tanker owner American Shipping Company ASA has received firm commitments for a USD 500 million refinancing of its secured bank debt from a group of lenders. The refinancing is structured in two separate facilities; one being a USD 350 million facility with a club of four banks consisting of BNP Pari
Maersk Sells Stake in ESVAGT
Infrastructural investors 3i Infrastructure plc and AMP Capital have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group and ESE-Holding A/S. The sale amounts to a value of DKK 4.1bn equalling to approximately USD 610m. ESVAGT, Copenhagen-based provider of sa
Maersk Sells Stake in ESVAGT
Infrastructural investors 3i Infrastructure plc and AMP Capital have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group and ESE-Holding A/S. The sale amounts to a value of DKK 4.1bn equalling to approximately USD 610m. ESVAGT, Copenhagen-based provider of sa