Green Marine
NewLead Fixes Bitumen Tanker
Greek dry bulk carrier and tanker operator NewLead Holdings has entered into a time charter contract for one of its recently delivered bitumen tankers, the 2009-built Ioli, for a minimum of one year. The vessel has already been delivered to an undisclosed charterer, who has the option to extend the
Port of Antwerp Rewards Green Ships
Belgium’s port of Antwerp will grant a discount of up to 30% in port dues to seagoing ships that use alternative technology to reduce emissions of particulates, starting from June 1. Ships can claim the discount if they can demonstrate that they either make effective use of scrubbers (in closed mode
World’s First Electric Car Ferry Enters Service
The world’s first electric car and passenger ferry powered by batteries – the MF Ampere – has entered service in Norway. The ferry’s owner Norled has started operating the electric vessel on a route across Sognefjord between Lavik and Oppedal. The fully electric ferry travels six kilometers across t
CMA CGM Starts Two Asia-Northern Europe Services
French container line CMA CGM is launching two new weekly services between Asia and Northern Europe, the Rotterdam Port Authority Reports. The capacity of the French shipping line that operates between Northern Europe and Asia is to be increased from 87 ships with a total capacity of 1 million TEU t
Asia-N. Europe Boxship Rates Take a Tumble
The freight rates for shipping containerized cargo from Asia to Northern Europe fell 23.5 pct last week reaching USD 658 per TEU on Friday, according to the Shanghai Containerized Freight Index. This is a 45% drop when compared to the same period in 2014 cancelling out the general rate increases pus
EU to Cover Seafarers with Some Labor Laws
European maritime transport representatives have welcomed a recent agreement on the European Commission’s proposal for a Directive on seafarers’ exclusions, as well as the confirmation of a compromise text for a new directive to increase protection of seafarers’ labor rights by the Council’s Committ
Integrated Surveillance Solutions Increasingly Important for Crew Safety
Integrated surveillance solutions will play a major role in reducing risk to crew, vessels and cargo as safety continues to dominate the shipping industry agenda, particularly in relation to heightened interest in new Arctic routes, according to the surveillance solutions specialist Synectics. The c
BP, Sinopec Form Marine Fuel Joint Venture
Oil major British Petroleum has teamed up with China’s Sinopec Fuel Oil in a joint venture that would focus on marine fuel business, BP said in a statement. Under the deal, the 50-50 pct joint venture, Sinopec Marine Fuels Pte Ltd, would be based in Singapore and provide ship fuel storage and sales.
Port of Hamburg’s Seaborne Cargo Volumes Flat
Germany’s Port of Hamburg handled 35.6 million tons of various seaborne cargo in the first quarter of 2015, up 0.1 percent compared to the same period in 2014. Container throughput for the first three months of the year at 2.3 million TEUs was 2.3 percent lower compared to the same period a year ear
ICS Dismayed by US Stance on Ballast Water Regime
The International Chamber of Shipping (ICS) voiced its fears that the unilateral stance taken at last week’s IMO MEPC meeting by the United States regarding the progress on ballast water implementation problems may actually have the opposite effect. ICS believes that shipowners can now have increase
CMA CGM Quadruples Quarterly Net Profit
French CMA CGM, the world’s third largest container line, recorded a 419 percent increase in net profit and a 10.5 percent increase in volumes handled in the first quarter of 2015. The line ended the first quarter of 2015 with USD 406 million of consolidated net profit, a sharp increase compared to
Eco-Conscious China Keeps Dry Bulk Market Down
The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in earnings anticipated over the next two years, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. The dry bulk market has always b
MOL Joins 2M on Asia-ECSA Trade
Two of the world’s largest container carriers – Denmark’s Maersk Line and Swiss-based Mediterranean Shipping Company (MSC) – are teaming up with Japan’s Mitsui OSK Lines (MOL) on the Asia to East Coast of South America (ECSA) trade, with the first sailing within the new vessel sharing agreement (VSA
MSC and Alfa Laval Go Exclusive
The second largest container line, the Mediterranean Shipping Company (MSC), has chosen Swedish engineering company Alfa Laval to be its preferred supplier of ballast water treatment systems. The agreement is expected to generate orders worth approximately SEK 230 million (USD 28 million) until July