Green Marine
Gallery: Firefighters to Flood Cargo Holds of Freighter Ablaze off Germany
Four firefighters managed to board a general cargo ship Purple Beach that has been burning off Germany’s North Sea coast since Monday, and to position three hoses to pump sea water and flood the burning cargo holds, the Central Command for Maritime Emergencies (CCME) reports. CCME says that the smok
KNOT Shuttle Tankers Acquires Dan Sabia
KNOT Shuttle Tankers AS has entered into a share purchase agreement to acquire KNOT Shuttle Tankers 21 AS, the company that owns the shuttle tanker, Dan Sabia, from Knutsen NYK Offshore Tankers AS. The purchase price of the acquisition is USD 103 million, net of USD 64.5 million of outstanding indeb
Navios Midstream Partners to Expand Fleet with Two VLCCs
Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchase of up to two very large crude carriers. Apart from financing the purchase of up to two VLCCs from Navios Maritime Acquisition Corporati
Evergreen and Arkas Start New Mediterranean Service
Taiwanese container carrier Evergreen Line has teamed up with Turkey’s Arkas Line on a new West – East Med Service (WEM) which will connect the Aegean Sea, the Near East and the Western Mediterranean. With a port rotation of Valencia, Castellon, Barcelona, Fos, Cagliari, Piraeus, Beirut, Mersin, Isk
Gallery: Windstar Christens Star Legend
Seattle-based operator of small, luxury cruise ships Windstar Cruises debuted Star Legend, the third and final of the fleet’s three new all suite power yachts, at a christening ceremony held in Rome on Monday. The debut of Star Legend came on the heels of the launch of sister yacht, Star Breeze, whi
FreeSeas Lays Groundwork for Fleet Expansion
Athens-based dry bulk shipping company FreeSeas Inc. has sold two bulker vessels as part of a financing deal it signed with a group of Norwegian based investors. Under the deal, FreeSeas agreed with Norwegian investors on the financing of the acquisition of assets valued up to USD 15 million. Upon t
Gallery: Freighter Burning off Germany, Authorities Say Might Explode
A general cargo ship Purple Beach has been burning in the North Sea off Germany’s coast since Monday, and it is feared that the fire that started in one of its cargo holds might lead to an explosion, the Central Command for Maritime Emergencies (CCME) reports. CCME Cuxhaven established a 5-mile secu
Latvian Shipping Company to Dry Dock Eight Tankers
Latvian owner and operator of medium and handy size tankers Latvian Shipping Company (Latvijas Kuģniecība) plans to dry dock eight of its vessels at Riga dockyard until July, to reduce fuel consumption and upgrade communication equipment. While in dry dock, the vessels will undergo technical repairs
Carbon War Room:Charterers Moving 20% of Global Cargo Shun Inefficient Ships
Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most inefficient ships based on the GHG Emissions Rating, according to a nonprofit organisation Carbon War Room. In the past two and a half years, usage of the GHG Emissions Rating and the
Sea Shepherd Back in Sicilian Waters
Sea Shepherd Global has launched Operation Siracusa 2015 to fight illegal fishing in the Plemmirio Marine Reserve, off the Eastern coast of Siracusa in Sicily, the marine wildlife conservation group said in a release. During Operation Siracusa 2015, Sea Shepherd volunteers will patrol the territory
TEN Reaps the Rewards on Offer in Crude Market
New York-listed shipping company Tsakos Energy Navigation Limited (TEN) reported higher net income for the first quarter ended March 31, 2015, posting USD 37.3 million net profit compared to USD 14.6 million in the first quarter of 2014, a year-on-year increase of 156%. Basic and diluted earnings pe
Video: Teekay’s Tanker Market Update – May 2015
Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), medium range (MR), suezmax and very large crude carrier (VLCC) vessels. In this video, Chrisitian Waldegrave, Head of Research at Teekay, is offering insights into global tanker market for
Image of the Day: 3 Queens Mark Cunard’s 175th Anniversary
Cunard’s three Queens, Queen Elizabeth, Queen Victoria and Queen Mary 2 have arrived earlier today in Liverpool, the UK to celebrate Cunard’s 175th anniversary. The queens performed choreographed manoeuvres, also known as the “river dance”, on Mersey, which included 180-degree turns. Cunard Line is
Giant Gates for Deurganck Lock Reach Antwerp
The brand new giant gates for the Deurganck dock locks have arrived earlier today at the Port of Antwerp on board the heavy lift vessel Zhen Hua 15. This ship left China at the beginning of April carrying four giant lock gates together with the trolleys on which they will run, two combined road and