Green Marine
Russia Starts Shipping Grain to Iran, Talks on Expanding Barter Deal Underway
Russia has started shipping grain to Iran under a barter deal that will sea the grain being exchanged for other goods from Iran as the two nations bolster cooperation in response to sanctions from the West. The announcement was made by Rosselkhoznadzor, Russia’s food safety watchdog, Dow Jones Busin
Kalmar Launches New Products, Receives Crane Orders
Port automation solutions provider Kalmar has used TOC Europe 2015 held in Rotterdam from June 9 to 11 as a platform to launch several new products and solutions. Kalmar and Navis, both part of Cargotec, introduced Kalmar OneTerminal, an integrated automation solution for the container terminal indu
Image of the Day: Nordana Star Ready for Launching
Nordana Star, the second vessel in a series of six, which will be delivered to Symphony Shipping, has been photographed in front of the Germany-based Ferus Smit shipyard. Her launching ceremony, which will be opened for the public, is going to take place in Leer, Germany on 3rd of July. This 122.5-m
DFDS Adds Extra Rotterdam-Felixstowe Weekly Service
Denmark-based passenger and freight shipping company DFDS Seaways will increase capacity on the Rotterdam – Felixstowe freight shipping route with an extra departure in both directions as of Friday 3 July. The extra departures on Rotterdam – Felixstowe route will be on Fridays. There will be a depar
Russia Wants to Attract More Cargo to Northern Sea Route
Russia is poised to tap into the unused potential of the Northern Sea Route (NSR) as the country eyes investment projects targeting the route’s development. Namely, Russia’s Prime Minister Dmitry Medvedev has signed NSR Comprehensive Development Project, the press center of RF Government informed. T
Baltic Exchange Drops 172,000 DWT Rates Reports
Changes in the capesize fleet profile have led the Baltic Exchange to announce that it will cease panel based reporting of its 172,000 dwt 4 Timecharter Average (172 4TC) data from 31 July, 2015, and instead provide data derived from its assessments of the more commonly traded 180,000 dwt vessels. T
Increased IMO Limits of Liability Enter into Force
Amendments to increase the limits of liability in the 1996 Protocol to amend the Convention on Limitation of Liability for Maritime Claims, 1976 (LLMC Protocol 1996) entered into force on June 8, the International Maritime Organization (IMO) reports. The amendments raised the amount claimable for l
Safe Bulkers Slides to Red
NYSE-listed dry bulk shipping company Safe Bulkers recorded USD 6 million net loss for the first quarter of 2015, compared to net income of USD 11.2 million during the same period in 2014. The company’s net revenue for the first quarter of 2015 decreased by 22% to USD 32.1 million, from USD 41.3 mil
Diana Fixes Bulker, Sells Additional Notes
The NYSE-listed dry bulk shipping company Diana Shipping Inc. has, through a separate wholly-owned subsidiary, entered into a time charter contract with China Shipping Bulk Carrier Co., Ltd., Hong Kong, for one of its Panamax dry bulk vessels, the m/v Calipso. The gross charter rate is USD 6,000 per
Interview with MOAS: We Need Funding for Life-Saving Drones
The Migrant Offshore Aid Station (MOAS) was born from one family’s need to reach out to people in distress and make a difference. Christopher and Regina Catrambone of Malta were on a yachting holiday visiting Italy’s island of Lampedusa when they spotted a winter jacket floating in the water. When t
Smaller Firms Likely to Be Forced Out from Boxship Market
Small and midsize container carriers are likely to be squeezed out of the business by shipping majors, according to A.P. Møller-Mærsk A/S Chief Executive Nils Andersen. “I can’t speak for other companies, but small and midsize carriers-controlling a 3% to 5% market share–with very few exceptions–hav
Paris MoU to Test Compliance with Maritime Labour Convention 2006
The Paris Memorandum of Understanding on Port State Control (Paris MoU) has agreed to carry out a Concentrated Inspection Campaign (CIC) in 2016 to verify compliance with the Maritime Labour Convention (MLC) 2006, during its 48th Committee meeting in Noordwijkerhout, the Netherlands. Jointly with th
ITF: Leaked TISA Annexes Give All Power to Transport Industry Heavyweights
The International Transport Workers’ Federation (ITF) has warned that classified documents published by Wikileaks on the Trade in Services Agreement (TISA) foresee consolidated power for big transport industry players and threaten the public interest, jobs and a voice for workers. ITF says that the
Fjord Line Ferries Get First LNG Bunkering Station
Scandinavian liquefied natural gas (LNG) provider Skangas has reported that the first ever bunkering station for LNG in the Nordics is open and operating successfully in Risavika. The new bunkering station fuels Fjord Line’s cruise ferries, which are the first and largest in the world to use single