Green Marine
Star Bulk Preps USD 150 Million Share Offering
A NASDAQ-listed dry bulk specialist Star Bulk Carriers plans to make a public offering of USD 150 million of its common shares to bankroll its newbuilding program and cover some of the operating expenses, the company said in a release. Star Bulk plans to use the cash to increase its working capital,
Gallery: CMA CGM Kerguelen Christened at Haropa
CMA CGM’s biggest container ship, CMA CGM Kerguelen, was officially christened at Haropa – Port of Le Havre, today, May 12th. The ceremony was attended by Jacques R. Saadé, incorporator and CEO of the CMA CGM Group, Agnès Canayer, Senator and deputy Mayor of Le Havre, and Hervé Martel, Executive Dir
Costa Concordia Wreck Arrives in Genoa
The wreck of the Costa Concordia cruise ship has been safely towed to the Port of Genoa where it will be dismantled. The stripped wreck has been towed from the port of Pra’ Voltri following the first stage of the wreck’s dismantling project that saw over 5,700 tons of materials removed from the ship
Update: Bourbon’s Kidnapped Crew Freed
The three crew members of Nigerian nationality who had been kidnapped off the coast of Nigeria in April have been released, French vessel operator Bourbon confirmed. The company’s crew boat, the Surfer 1440, was boarded off the Nigerian coast in the night of the 8th of April 2015. “They are in good
Caribbean Sea Auctioned Off to Settle Debt
Rotterdam-based law firm AKD has completed the sale at auction of the container vessel Caribbean Sea in the courts of Aruba following its arrest by Rabobank for outstanding mortgage debts in excess of USD 28 million. The 2007-built vessel arrived and was arrested in Aruban waters on 25 March, 2015 a
AAL & Peter Döhle Forge Tramp and Projects JV
A Singapore-based breakbulk, project cargo and heavy lift carrier AAL and a German multipurpose shipping operator Peter Döhle have pooled a fleet of 26 multi-purpose heavy-lift vessels to offer joint tramp and project services and solutions on trade routes between Asia, Europe and the Americas start
VIDEO: Dublin Port Welcomes Longest Ever Cruise Ship
Dublin Port Company welcomed on Monday the arrival of the 333m long MSC Splendida cruise liner, the longest ship to ever call at Dublin Port. She is one of 83 cruise calls confirmed for Dublin Port this year, which will see a total of 140,000 passengers arriving to sample the sights of Dublin. Curre
Brittany Ferries Boss ‘Regains Control’ over Seized Ferry
The Chairman of the Brittany Ferries Jean-Marc Roue lead a raid to liberate a ferry in Ouistreham harbour, Calvados that was blocked since Wednesday night by striking dockworkers. The company’s president is reported to had been joined by 20 shareholders from a farming cooperative that hold shares in
Gibson: VLCCs Outearning Suezmaxes in 2015
Rising West Africa to Europe crude trade, dramatic increases in spot fixtures out of the Middle East Gulf and a more active Caribbean market had helped the Suezmax market outperform Very Large Crude Carriers (VLCCs) for most of last year, but the tide has turned in 2015, UK shipbroker EA Gibson says
VIDEO: Armada Intrepid Loaded onto Dockwise Vanguard
The following video shows loading of the first ship-shaped Floating Production, Storage and Offloading (FPSO) – the Armada Intrepid – onto Dockwise Vanguard. The loading took place on Friday, May 8th, at the Caland canal, Port of Rotterdam. Dockwise Vanguard is currently the largest semi-submersible
Surveys: Seafarers Not So Happy After All
A survey released by the International Transport Workers’ Federation has highlighted the need for continuing work on wellbeing among seafarers, as well as for debunking myths about HIV/AIDS. The major findings came in response to the questions about general wellbeing, with many of those quizzed repo
One Dead after Libya Military Attacks Turkish Freighter
A ship officer died and several crew members were injured after a Turkish general cargo ship was shelled and attacked from the air near the Libyan port city of Tobruk on Sunday, Turkey’s Ministry of Foreign Affairs reports. The Ministry has strongly condemned the attack on the vessel identified as t
Poten & Partners: Utilization of VLCCs for Storage on the Rise
More vessels are being used to store crude oil based on a recent report by Poten & Partners covering the last 4-6 weeks. The trend has emerged countering the traditional economics that do not seem to support it at this point in time. Since early April, crude oil prices have rebounded from their mult
G6 Adds Call to Bremerhaven on Its Transatlantic Service
The newly launched AX4 container liner service operated by the G6 Alliance is to make regular once-weekly calls at EUROGATE Container Terminal Bremerhaven, starting on May 9, 2015. The service operates on the Northern Europe/USA East Coast trades from Bremerhaven, Rotterdam and Le Havre to Savannah