Green Marine
EU to Triple Funding for Mediterranean Crisis
Responding to the ongoing pressure from the maritime industry, the European Union has committed to triple the financial resources to reinforce EU Operations Triton and Poseidon in 2015 and 2016. Tripling annual funding to 120 million euros ($130 million) will provide for boosting of the search and r
Image of the Day: Polarsyssel Comes Back for the Helideck
Having finished this winter’s assignments, “Polarsyssel” has returned to Leirvik for installation of the Helideck. Soon she will be heading for Svalbard again to be in the governor’s service. She was delivered from Havyard Ship Technology’s yard in Leirvik in Sogn to the icelandic shipping company F
Navios Scoops 14 More Resales from HSH Nordbank
Navios Maritime Holdings, Navios Maritime Acquisition Corporation and Navios Maritime Partners have through their new joint venture executed a binding letter of intent to acquire 14 vessels from debtors of the German HSH Nordbank AG. The 14 vessels include seven dry bulkers and seven container vesse
Hamburg Süd Hampered by Weak South American Markets
German container line Hamburg Süd described its 2.3 increase in cargo volumes in 2014 as ”modest,” attributing the less-than-expected improvement to the market overcapacity and a weak economic development of the carrier’s key markets in South America. Hamburg Süd handled 3.375 million TEUs in 2014,
Shipping Industry Calls EU to Expand Rescue Efforts in the Med
The German Shipowners’ Association (VDR) has called upon the federal government and the EU heads of state and governments to massively expand rescue efforts in the Mediterranean without delay. “In the past several months our member companies have rescued over 5,000 refugees in distress in the Medite
ESC to Put Container Shipping Alliances Under Scrutiny
The European Shippers’ Council has revealed plans to start a global review of the container liner shipping market to address growing concerns among manufacturers, retailers and wholesalers about the long term threats of a concentrated container liner shipping industry through alliances, the ESC said
World’s First Standard Container Contract Launched
The world’s first standardised contract terms and conditions for use in container shipping markets worldwide was launched at the 2015 Containerisation International Conference in Hamburg on 22 April. Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organis
Dryad: Gulf of Guinea Poses Ongoing Threat of Seafarer Kidnap
The Gulf of Guinea proved to be one of the most dangerous piracy hotpots for mariners, according to maritime intelligence agency Dryad’s maritime crime figures for Quarter 1 (January to March) of 2015. Namely, kidnapping of crew for ransom remains the most significant threat to mariners in the regio
Wärtsila’s Ship Power Business Takes a Hit
Finnish ship engine and power plant maker Wärtsila saw ordering in the marine market slowing down in the first quarter of 2015, leading to a 1% drop in net sales compared to the same period a year before. The company eneded the quarter with EUR 988 million (USD 1.06 billion)in net sales, EUR 9m less
Image of the Day: Special Welcome for CMA CGM Kerguelen
Today’s image shows CMA CGM Kerguelen during her first call at the Malaysian Port Klang terminal. The terminal set up a unique arrangement for the vessel where no less than 12 cranes were simultaneously used to match the vessel’s exceptional length and capacity, setting a new record for one of the C
Gallery: AIDAluna Arrives in Kiel
AIDAluna, a Sphinx class cruise ship, owned by US-based Carnival Corp and operated by AIDA Cruises, arrived in her base port of Kiel, Germany on April 20th. Dr. Dirk Claus, Managing Director Port OF Kiel (SEEHAFEN KIEL GmbH & Co. KG) said: “For the very first time, Kiel serves as turnaround port for
Italy Arrests Two Shipwreck Survivors for Trafficking
Sicilian police arrested two suspected people traffickers who were among 28 survivors of what may be the worst tragedy in living memory involving migrants crossing the Mediterranean from North Africa, the Times of Malta reports. The survivors arrived in Catania just before midnight April 20. The mig
Marshall Islands Calls for Global Cut in Shipping Emissions
In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping, a growing sector currently lef
Cargo Ferry Clears Motorways, Protects Wallets
Using LNG-fueled ships to carry containers that are currently transported on trucks for long distances to and from coastal Norwegian towns could lead to a 20% – 30% reduction in transportation costs, according to the results of a two-year Cargo Ferry project led by DNV GL, Shortsea Services and Mari