Green Marine
Confidence in Shipping Industry at Seven-Year Low
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents compla
Confidence in Shipping Industry at Seven-Year Low
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents compla
Ship Carrying Ammonium Sulfate Runs Aground in the Dardanelles
An ammonium sulfate-laden general cargo ship ran aground due to rudder failure in the Dardanelles, Turkey, at around 3 am local time, according to local media. The Panama-flagged Ibrahim Konan reportedly experienced problems with steering while trying to maneuver around the Cape Nara, near the town
Ship Carrying Ammonium Sulfate Runs Aground in the Dardanelles
An ammonium sulfate-laden general cargo ship ran aground due to rudder failure in the Dardanelles, Turkey, at around 3 am local time, according to local media. The Panama-flagged Ibrahim Konan reportedly experienced problems with steering while trying to maneuver around the Cape Nara, near the town
Maersk’s Funding Operations in Greece Unaffected
The shutdown of banks in Greece has not influenced A.P. Moller-Maersk’s funding operations in the country, Danish oil and shipping conglomerate said. “We are not facing issues funding local operations. Maersk Line continues to receive incoming payments via bank transfers and cash at counter,” Maersk
Maersk’s Funding Operations in Greece Unaffected
The shutdown of banks in Greece has not influenced A.P. Moller-Maersk’s funding operations in the country, Danish oil and shipping conglomerate said. “We are not facing issues funding local operations. Maersk Line continues to receive incoming payments via bank transfers and cash at counter,” Maersk
Empros Lines Starts New Europe-Arabian Gulf Service
Greek liner and bulk carrier owner and operator Empros Lines has launched a new service connecting Belgium’s Port of Antwerp with the Arabian Gulf, the company’s agent De Keyser Thornton Group said in a release. The first ship within the new service, the 2013-built, 17,808 dwt general cargo ship SCL
Empros Lines Starts New Europe-Arabian Gulf Service
Greek liner and bulk carrier owner and operator Empros Lines has launched a new service connecting Belgium’s Port of Antwerp with the Arabian Gulf, the company’s agent De Keyser Thornton Group said in a release. The first ship within the new service, the 2013-built, 17,808 dwt general cargo ship SCL
Star Bulk Sinks Deeper in Red
Dry bulk shipping company Star Bulk posted a net loss of USD 40.2 million in the first quarter of 2015 amid historically low rates in the dry bulk market, widening further the loss reported in the first quarter of 2014 which amounted to USD 0.9 million. Revenues in the first quarter reached USD 45.5
Star Bulk Sinks Deeper in Red
Dry bulk shipping company Star Bulk posted a net loss of USD 40.2 million in the first quarter of 2015 amid historically low rates in the dry bulk market, widening further the loss reported in the first quarter of 2014 which amounted to USD 0.9 million. Revenues in the first quarter reached USD 45.5
Wind Power Technology for Ships Tested at Sea
Norsepower’s Rotor Sail Solution, a new wind propulsion technology for ships, has passed its sea trials with flying colors. The Norsepower Rotor Sail Solution was installed on the 9,700 DWT Ro-Ro carrier MS Estraden, owned by Bore, a Finnish Ro-Ro shipping company. The ship operates in a continuous
Wind Power Technology for Ships Tested at Sea
Norsepower’s Rotor Sail Solution, a new wind propulsion technology for ships, has passed its sea trials with flying colors. The Norsepower Rotor Sail Solution was installed on the 9,700 DWT Ro-Ro carrier MS Estraden, owned by Bore, a Finnish Ro-Ro shipping company. The ship operates in a continuous
Teekay Offshore to Wrap Up USD 1.26bn Knarr FPSO Buy
Teekay Offshore Partners L.P. will complete the acquisition of the Petrojarl Knarr floating production, storage and offloading (Knarr FPSO) unit from Teekay Corporation for its fully built-up cost of approximately USD 1.26 billion on July 1, 2015. The FPSO has now completed all the required operatio
Teekay Offshore to Wrap Up USD 1.26bn Knarr FPSO Buy
Teekay Offshore Partners L.P. will complete the acquisition of the Petrojarl Knarr floating production, storage and offloading (Knarr FPSO) unit from Teekay Corporation for its fully built-up cost of approximately USD 1.26 billion on July 1, 2015. The FPSO has now completed all the required operatio