Green Marine
VIDEO: Cruise Ship Parade at Rostock Port
On May 22nd, cruise ships Viking Star, Costa Favolosa and AIDAdiva lined up in what turned out to be an amazing mini cruise ship parade at the Rostock Port, Germany. Their arrival marked the first time ever that Rostock Port welcomed three ships at once. For brand new Viking Star and the Costa Favol
Neste to Equip Chartered Tankers with Energy-Saving Systems
Neste Shipping Oy, a subsidiary of Neste, Finland, has signed a benchmark agreement to lease energy management solutions from Icelandic company Marorka and install them on chartered tankers, becoming one of the first ship operators to install energy management systems on third party ships. Marorka d
Maersk Karachi Ablaze at Bremerhaven Port
The 300-meter container ship Maersk Karachi suffered a second accident at the German port of Bremerhaven when a fire broke out in one of its holds while it was reportedly undergoing welding repairs on May 22, the local daily NWZ Online reports. Four tug boats and seventy fire fighters battled with t
Gallery: AIDAbella First to Dock at New Hamburg Cruise Terminal
The Port of Hamburg’s newly built Cruise Center Steinwerder welcomed its first cruise ship – the AIDAbella – on Saturday, May 23. At around 7:00 am local time AIDAbella became the first cruise ship to dock at the newly built complex at Kronprinzkai (Crown Prince Quay) in the heart of the port of Ham
Goldenport Takes Over Bulker Duo from Sentinel
Goldenport Holdings Inc, Athens-based owner and operator of a fleet of dry bulk and container vessels, has taken full ownership of two 2009-built bulkers. The acquisition comes in the wake of termination of a joint venture company established with Topley Corporation, the Sentinel Holdings Inc. (Sent
Transport Malta to Survey Seafarers on Board Malta Registered Ships
Transport Malta is set to carry out a survey in order to gather the number of seafarers serving on Malta registered vessels, the CSB Group said. As informed, the survey is to be carried out at the end of June and December of each year and it is crucial that the required data reaches Transport [&hell
Stolt-Nielsen and Sungas Sell Stake in Avance Gas
Stolt-Nielsen Gas, a subsidiary Norway’s liquid bulk transporter Stolt-Nielsen Limited, and Sungas Holdings have agreed to sell up to 5 million common shares in Avance Gas Holding, expected to fetch up to USD 81 million. Stolt-Nielsen Gas and Sungas have sold or agreed to sell 2,500,000 common share
Drewry: LPG Coaster Shipping to Remain Weak in 2015
Oversupply of vessels in the LPG coaster shipping market continue pushing rates below pre-financial crisis levels, according to the latest edition of Drewry’s LPG Forecaster. “Average 12-month LPG coaster time charter rates fell almost 15% between 2007 and 2014”, said Shresth Sharma, senior analyst,
BW LPG: Q1 2015 Had Strongest Ever Charter Rates
BW LPG, the world’s top very large gas carrier (VLGC) owner and operator, recorded a rise in profit, posting a net profit after tax of USD 57.3 million in Q1 2015 against USD 30.8 million in Q1 2014. The company’s operating revenue was USD 168 million in Q1 2015, almost 16 million higher than in the
Nippon Foundation to Set Aside USD 100 Million for World Maritime University
Japan’s Nippon Foundation plans to set up a special endowment fund worth USD 100 million to support Swedish World Maritime University, the Foundation’s Chairman Yohei Sasakawa, said during the inauguration of new WMU premises. The Nippon Foundation, a Japanese philanthropic organization that promote
Growing Trade and Mega Ships Top Euro Ports Concern List
Growing and clustered traffic volumes, larger ships and the cost of subsequent adaptation of port and port-hinterland infrastructure, and increasing market power of shipping alliances are the main challenges for European ports, European Sea Ports Organization (ESPO) said in the Mid-Term review of it
ESC Global Security: Migrants Might Pose Risk to Unguarded Merchant Ships
Only those commercial ships operating with security personnel onboard should assist in rescuing seaborne refugees, according to maritime security agency ESC Global Security. Commenting on the mounting concern that the displacement of peoples from the Middle East and North Africa could present a terr
Ridgebury Crude Eyes Tanker Duo
Oslo-listed Ridgebury Crude Tankers LLC has set sights on adding more capacity to its tanker fleet by buying two second-hand tankers with its excess cash. According to a stock exchange filing, the company will purchase two 2003-built (Sumitomo) Aframax tankers currently owned by affiliated company R
Registration Open for Offshore Energy 2015
The registration for Offshore Energy Exhibition & Conference 2015, that will be held in Amsterdam on 13th and 14th of October is now open. The event is expected to gather over 13,500 offshore professionals and more than 650 exhibiting companies. Next to the exhibition that covers 4 massive halls at