Green Marine
Update 2: Rickmers Representative Boards Maersk Tigris
Following the Rickmers Group’s urgent request to Iranian authorities, a representative of the company has been allowed on Thursday to board Maersk Tigris that was seized by Iranian navy on Tuesday, April 28, the company said. There are 24 seafarers on board the vessel. “In his contacts with the crew
Greece to Put Up Two Biggest Ports for Sale
Majority stakes at two of Greece’s major seaports may be offered for sale after all, as the country’s Syriza-led government tries to alleviate the pressure from lenders and clear way for bailout funds, Reuters reports. The leftist Syriza party led by Prime Minister Alexis Tsipras tried to avoid sell
Growth Potential of European Short Sea Shipping Untapped
A coalition of European shipping sector organisations, led by the European Community Association of Ship Brokers and Agents (ECASBA), has called on the European Parliament, Commission and Member States to honour the commitments to support short sea shipping that were made in the Athens Declaration.
MAST: Growing Complacency Plaguing Maritime Security
The trend in maritime security is one of growing complacency, the Chief Operating Officer of UK maritime security firm MAST Gerry Northwood warned speaking at the Global Shipping Trends and Trade Patterns conference in London on April 29th. “The problem is that incidents of piracy are not infrequent
Update: Maersk Line Urges for Release of Maersk Tigris and Its Crew
Container shipping arm of Danish Maersk Group, Maersk Line, is insisting that Maersk Tigris and its crew are released as soon as possible. Around 24 people are reported to be aboard the Marshall Islands-flagged containership that was intercepted in the Strait of Hormuz on Tuesday by Iranian patrol b
Update: Fire Aboard Spanish Ferry Contained
Spanish maritime services managed to extinguish the fire which had been burning aboard the car ferry Sorrento since Monday afternoon, Salvamento Maritimo reports. The ferry is currently located some 18 nautical miles off Dragonera, the Balearic Islands. The surveyors are on scene, and the towing ope
TEN Closes USD 85 Million IPO
Athens-based crude and product tanker and LNG carrier operator Tsakos Energy Navigation Limited (TEN) has closed its public offering of USD 85 million worth of its Series D shares. TEN offered 8.75% of its Series D Cumulative Redeemable Perpetual Preferred Shares at a price to public of USD 25.00 pe
Scorpio Tankers Eyes Option on LR2 Tanker Trio
New York-listed Scorpio Tankers intends to issue 15,000,000 shares of its common stock, through an underwritten public offering, earmarking the net proceeds for acquisition of new vessels. Scorpio said that all of the net proceeds are expected to be used to fund a portion of the acquisition costs of
Maersk Tigris Seized due to Unresolved Cargo Claim
The reason behind the seizure of the Maersk Tigris containership by an Iranian Revolutionary Guard naval patrol on Tuesday is said to be related to an alleged unresolved cargo claim. “We have been in contact with the Iranian authorities – the Ports & Maritime Organization. They informed us that the
Image of the Day: MV Veteran Slides Down the Slipway
Damen Shipyards Galaţi in Romania recently launched the MV Veteran, an 80-metre ice class Ro-Pax ferry. This is the first of two Newfoundland and Labrador ferries featuring a design stemming from a Canadian-Danish partnership between Fleetway and Knud E. Hansen. The first vessel is scheduled for del
MOL’s Performance Hampered by Port Congestion
Due to the lingering effects of labor issues on the U.S. West Coast, both Asia – U.S. West Coast and Transatlantic services’ performance deteriorated further in January – March 2015, Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) said in its On-Time Arrival Performance results. The compan
VIDEO: Baltika Demonstrates Her Operational Capability
The revolutionary oblique icebreaking rescue vessel Baltika departed from Murmansk on March 20th to the Kara Sea to conduct full scale ice trials. Her testing program included performance tests in two distinct ice thicknesses in ahead and astern directions as well as in the oblique icebreaking mode,
Gallery: Regal Princess Arrives in Rotterdam
The following gallery shows Regal Princess, a Royal-class cruise ship operated by Princess Cruises, during her yesterday’s arrival in Rotterdam, the Netherlands. She is currently on a cruise which started on April 15th in Fort Lauderdale and ends on May 2nd in Copenhagen. Regal Princess was delive
Limassol Port Workers to Strike Again
Port workers and employees of the Cyprus Ports Authority plan to stage a 24-hour strike on Thursday as a way of voicing their opposition to the announced privatization of the Limassol port. The announcement comes in the wake of the country’s council of ministers’ recent decisions that pave the way f