Green Marine
Liner Schedule Reliability Up for Fourth Month in a Row
Liner schedule reliability improved for the fourth consecutive month in May as the aggregate on-time performance for the three core East-West trades jumped by 4 percentage points to reach a new data-series high of 71.6%, according to Drewry’s Carrier Performance Insight. The latest monthly increase
Norbulk Shipping Fined for Illegal Oil Dumping
Glasgow-based shipping company Norbulk Shipping UK Ltd was sentenced to pay a criminal penalty of USD 750,000 by the United States Department of Justice for committing environmental crimes. Namely, the UK company which operates the M/V Murcia Carrier, pleaded guilty to failing to maintain an accurat
P&O Ferries Joins Forces with SOL
P&O Ferries and RoRO vessel operator SOL Continent Line have teamed up to combine services between the UK, Benelux and Scandinavia. Under the partnership, forwarders will be able to ship their freight from Tilbury and Teesport via Zeebrugge to Gothenburg through four weekly departures from Tilbury a
SeafarerHelp Assisted over 7,700 Seafarers in 2014
SeafarerHelp, the 24 hour helpline for seafarers run by the International Seafarers’ Welfare and Assistance Network (ISWAN), assisted 19% more sefarers during 2014 when compared to the preceeding year. The helpline reported a 53% increase in the number of calls, dealt with 1,920 new cases and helped
GSF: CO2 Emissions from Maritime Shipping Could Grow by 250 Pct
Left unchecked the carbon emissions from international maritime shipping could increase by 250 per cent, according to the Global Shippers’ Forum. The assessment by the International Maritime Organisation (IMO) is highlighted in the fourth edition of the GSF Maritime Emissions policy briefing which w
Maersk Brooklyn Suffers Engine Failure in English Channel
Maersk Line’s container ship Maersk Brooklyn experienced engine malfunction in the English Channel yesterday while en route from Belgium to Malta, the company’s Senior Press Officer Michael Christian Storgaard confirmed to World Maritime News. The 2007-built, 4196 TEU boxship is currently anchored a
BIMCO: Crude Tanker Market in Swansong throughout 2015
Crude oil tanker operators have two more strong quarters to look forward to before the tide turns on the supply side in 2016, according to BIMCO. Global oil demand for Q2 is the weak point for 2015 as a whole. However, demand is forecast by OECD/IEA to reach the highest level ever at 94.07 million b
Iceland’s Whale Meat Heading for Northern Sea Route?
A freighter carrying 1,800 tonnes of fin whale meat arrived in Tromso, Norway late last week, non-governmental environmental organization Greenpeace said. Fin whales are an endangered species, listed on CITES Appendix one which forbids all international commercial trade. The ship, known as Winter Ba
Sale of Honduras Star Goes Awry
Oslo-listed Siem Shipping Inc. said in a filing to the stock exchange that the sale of its veteran reefer named Honduras Star has been cancelled. The company announced the sale of the Liberia-flagged cargo ship on April 2nd, 2015. However, as indicated in the filing, the buyer did not pay the agreed
Asia-Europe Boxship Rates at Their Lowest Yet, Likely to Continue Falling
Freight rates on the Asia to Europe route have dropped to their lowest levels on record as carriers face off in a damaging rate war amidst weak vessel utilisation, according to shipping analyst Alphaliner. The Shanghai Containerized Freight Index (SCFI) spot rates from Shanghai to North Europe reach
Atlantska Plovidba Refutes Share Transfer Allegations
Croatian shipping company Atlantska Plovidba denied corruption allegations with respect to the company’s share transfers raised this week by the local media. The allegations stem from a report by Croatia’s Security and Intelligence Agency (SOA) referring to trading irregularities by an undisclosed c
NORDEN Picks LR to Class Its Entire Fleet
Copenhagen-based tramp ship operator Dampskibsselskabet NORDEN A/S has contracted Lloyd’s Register to class 57 ships, including the full NORDEN fleet and other externally managed NORDEN owned ships. Some 32 of the ships in the agreement will be transfer of class (ToC) ships and include nine new ship
CMA CGM Continues Asia-Europe Services Overhaul
World’s third largest container line CMA CGM is reshuffling its Europe-Asia FAL1 and FAL3 services, the company’s second update on these trade lines this week. Starting June 24, CMA CGM will reorganize its FAL1 service rotation to improve the coverage within northern China. Twelve 11,000 to 18,000 T
Portuguese Master Fined for Grounding MV Hamburg
Portuguese master of mv Hamburg cruise liner, which was damaged going over rocky shoals in May this year, pleaded guilty to two charges at Belfast Magistrates court on Tuesday, June 16th. Captain Joao Manuel Fernandes Simoes (58) pleaded guilty to failure to properly passage plan in breach of SOLAS