Green Marine
Image of the Day: MSC Perle Enjoys Haifa’s Sun
Mediterranean Shipping Company’s container ship, MSC Perle, is shown on today’s image, arriving at the Port of Haifa. The container ship, which is 166.14 metres long and 29 meters wide, docked at Israel’s largest port yesterday, on May 13th. MSC Perle was built in 1983 at Germany-based Nordseewerke
Second Officer Denies Any Warning Prior to Attacks on Turkish Freighter off Libya
Libya issued no warning prior to the attack, according to the second officer of a Turkish freighter that was shelled and then attacked twice by fighter planes off Libya’s city of Derna on May 10, Turkey’s Hurryiet Daily News reports. The third officer on the Cook Islands-flagged bulk carrier Tuna-1
Strike Delays Piraeus Bunker Supplies
The strike of Hellenic Petroleum’s workers has caused loading delays in bunker supplies in Piraeus, Greece’s leading bunker port, Platts reports. The workers of Greece’s biggest oil refiner launched the strike earlier this week after six company workers sustained injuries in a fire at the Aspropyrgo
IMO Tables Marshall Islands Proposal on CO2 Target
The International Maritime Organization (IMO) decided on Wednesday to postpone the discussion on the setting of a new global target for reducing greenhouse gas emissions from international shipping, proposed by the Marshall Islands. The Foreign Minister of the Marshall Islands, Tony de Brum, introdu
DSD Shipping Tangled in Magic Hose Case
A US federal grand jury in Mobile, Alabama, has indicted a Norwegian-based shipping company Det Stavangerske Dampskibsselskab AS (DSD Shipping) and four of its engineering officers on seven counts, including the use of the so-called ‘magic hose’ on board the tanker M/T Stavanger Blossom back in 2014
VIDEO: Conquest MB1 Barge in Action
The following video shows an animation of an installation system for monopiles and transition pieces intended for construction of offshore wind farms. The system takes the form of a floating barge and is developed by Conquest Offshore, together with deugro Denmark A/S and supported by the engineerin
Image of the Day: Jumbo Kinetic Raises the Bar
On April 25th, Jumbo Kinetic set a new heavy lift record by lifting 3,000t during the test lift at the Huisman production facility located in Zhangzhou, China, marking successful delivery of a new generation heavy lift vessels. The first Jumbo’s vessel of K3000 class, Jumbo Kinetic, is certified wit
IMO Concerned with Stalled BWMC Ratifications, EU’s CO2 Monitoring System
The ”disappointingly” slow pace of ratifications of the Ballast Water Management Convention and a recent approval of a European CO2 Monitoring Reporting and Verification system are causes for concern, the International Maritime Organisation’s Secretary-General Koji Sekimizu said in his opening addre
VIDEO: Strong Year Start for Maersk
The Maersk Group delivered a profit of USD 1.6bn (USD 1.2bn) positively impacted by an after tax gain from the sale of shares in Danske Bank A/S of USD 223m. The underlying profit increased by 18% to USD 1.3bn (USD 1.1bn) and the return on invested capital (ROIC) was 13.8% (10.0%). “In a quarter imp
Moody’s: Calm Seas Ahead for Global Shipping Industry
Moody’s Japan K.K. says the outlook for the global shipping industry over the next 12-18 months is stable. “Moody’s-rated shipping companies should report aggregate year-over-year EBITDA growth of around 5%-7% over the next 12 to 18 months. Our expectation indicates a stable outlook for the industry
Over 500 Migrants Rescued in Two Operations off Libya
The UK Royal Navy rescued over 400 migrants, and the Malta-based private rescue initiative Migrant Offshore Aid Station (MOAS) saved 96, in two separate rescue operations off Libya today. The number of rescued migrants today will rise as MOAS is currently involved in the second rescue, after its shi
TORM Returns to Profit After Five Years
Danish shipping company TORM reaped the benefits of a stronger tanker market delivering a positive net result for the first time in the last five years. In the first quarter of 2015, TORM realized a positive EBITDA of USD 53m and a profit before tax of USD 9m, against a loss of USD -222m from 2014.
Engine Room Fire Disables Italian Ferry off Bari
An Italian ferry carrying 253 passengers and crew en route to the Albanian port of Durres had to return to the port of Bari Tuesday night, after a fire erupted in its engine room shortly after leaving the Italian port, the Italian daily ANSA reports. The crew aboard the passenger RoRo ferry AF Franc
CSAV Merger, Strong Dollar Push Hapag-Lloyd to Black
German container line Hapag-Lloyd ended the first three months of 2015 with a EUR 128.2 million (USD 144.2 million) net profit, shaking off the memories of the same period a year earlier, when the carrier saw a USD 119 million net loss. The improved results were chalked up to a rise in transport vol