Green Marine
Image of the Day: Let There Be Fireworks!
A huge crowd of local residents and visitors gathered along the harbor in in Bergen, Norway to enjoy the fireworks display celebrating Viking Star’s christening on May 17th. The Viking Star is the first ocean going cruise ship, owned by river cruise company Viking Cruises. The christening ceremony i
Maersk Line Plans 60 Percent Cut in CO2 Footprint by 2020
World’s largest ocean container carrier Maersk Line plans to reduce CO2 emissions per container moved by 60% by 2020 compared to levels from 2007, according to the recently launched Maersk Line 2014 Sustainability Update. With the launch of this new CO2 reduction target, Maersk Line is accelerating
Carriers More Reliable in April
Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Drewry’s Carrier Performance Insight. The previous best since Drewry’s new data series start
Golar LNG Charters Out 6 Carriers to Trafigura
Norwegian liquefied natural gas (LNG) transporter Golar LNG has reportedly chartered out six of its LNG carriers on a single-voyage basis to Swiss energy trader Trafigura, Reuters reports. The charters will reportedly last until September, during which time the vessels might be used for a single voy
English Channel Ferry Saga Continues
UK Competition and Markets Authority (CMA) will seek permission to appeal following last week’s Court of Appeal judgment which allowed Eurotunnel’s ferry operator MyFerryLink to continue operating on a Dover-Calais route. The judgment upheld a challenge to the Competition and Markets Authority’s (CM
Interview: Time for Carriers to Get Ahead of the Curve
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, ship owners across the board seem to have a lot on their plates. World Maritime News wanted to know more about the direction
Study: Northern Sea Route to Overpower Suez Canal
Roughly two thirds of the world trade that passes through the Suez Canal, which is 8% of the global total, will be rerouted to the Northern Sea Route, according to a study by the Netherlands Bureau for Economic Policy Analysis (CPB). In the study “Melting Ice Caps and the Economic Impact of Opening
Search for Hanjin Miami’s Missing Captain Called Off
The search and rescue operation for the missing captain of the MV Hanjin Miami containership has been suspended after over three days. The captain of the containership, operated by German Reederei NSB, went missing on May 15th off the southwest coast of India. “After a total of 77 hours of intense s
”K” Line Finds Work for Car Carrier Newbuilds
Japan’s ocean carrier Kawasaki Kisen Kaisha (”K” Line) plans to use some of its 7,500-unit size RORO car carriers currently under construction to transport Hitachi rail cars from Japan to the UK. ”K” Line has signed a contract with Vantec HTS Forwarding, part of Hitachi Transport System Group, to tr
EU Establishes EUNAVFOR Med
The EU Council has agreed to establish EUNAVFOR Med, a military operation to break the business model of smugglers and traffickers of people in the Mediterranean by seizing and destroying vessels used for smuggling. This decision was passed on May 18, enabling the formal start of the operational pla
Fire Breaks Out on Board Fugro Symphony, 84 Evacuated
A fire broke out early this morning on board a Furgo offshore support ship, the Fugro Symphony, while the vessel was in Peterhead harbour, the UK. Fugro confirmed that 84 crew members were evacuated from the ship and taken ashore. There were no injuries reported. “As a precaution all non-essential p
Container Shipping Rates Ever More Volatile
The volatility of global container shipping spot freight rates since the start of 2015 has continued to increase in comparison to 2014, according to rate assessments on 11 routes gathered by the World Container Index (WCI), jointly owned by Drewry alongside Cleartrade Exchange. Price turbulence on t
Norwegian Dawn Runs Aground on Bermuda Reef
A cruise ship owned by Norwegian Cruise Line, Norwegian Dawn, ran aground on Tuesday following its departure from Bermuda. “On Tuesday, May 19th at approximately 5:00 pm ET, Norwegian Dawn had a temporary malfunction of its steering system, causing the ship to sail slightly off course as the ship wa
Nasdaq Warns Paragon Shipping
Athens-based dry bulk specialist Paragon Shipping has received written notification from Nasdaq indicating that the company no longer meets the minimum bid price requirement for the Nasdaq Global Market because the closing bid price of its common stock for the last 30 consecutive business days was b