Green Marine
Star Bulk Takes Last Excel Bulker
Athens-based dry bulk specialist Star Bulk Carriers has completed the acquisition of 34 vessels from Excel Maritime Carriers following the delivery of the M/V Star Jennifer (ex Ore Hansa). The 2006-built, 82,290 dwt Kamsarmax is the last vessel to join Star Bulk’s fleet under an “en bloc” transactio
Asia-North Europe Carriers Need to Lift Spot Rates
Lack of attention paid to lifting spot rates on the Asia-North Europe trade is threatening to send many carriers back to the red, according to UK-based shipping consultancy Drewry. At present, Drewry believes that carriers can make similar overall profit as last year (approximately USD 6 billion) as
Hapag-Lloyd Introducing New Feeder Service
German carrier Hapag-Lloyd is launching a new feeder service between Piraeus, Greece and Beirut, Lebanon. The company said that the weekly service will be operated by a 3rd party feeder. The service will kick off on April 27th with the first sailing of Marshal Islands-flagged containership MV King B
McQuilling: Winners and Losers in Tanker Market
The number of first quarter global Very Large Crude Carrier (VLCC) fixtures has been increasing for more than five years and 2015 is no exception, a marine transportation consultancy McQuilling Services reports. Approximately 542 vessels (530 in 1Q 2014) were chartered in the first three months of t
24 Dead, 650 Missing in Latest Capsizing in the Mediterranean
650 out of around 700 migrants reported to be aboard a boat that overturned in the Mediterranean on April 18 are missing and are presumed dead, in what could be the largest loss of life from any incident on the Mediterranean involving refugees and migrants, UN High Commission for Refugees (UNHCR) sa
Susan Maersk Runs Aground in Suez Canal
Danish-flagged containership Susan Maersk ran aground on a sand bank on Sunday morning in the Suez Canal while en route to the Mediterranean Sea. “Susan Maersk did run aground, but was not involved in any collision,” Maersk Line Spokesperson Michael Christian Storgaard told World Maritime News. Name
Start Date for AVIs Scheme Announced
The International Marine Contractors Association (IMCA) and the International Institute of Marine Surveying (IIMS) have announced the start date for the IIMS accredited vessel inspectors (AVIs) scheme, for CMID work on a worldwide basis as 1 June. The registration for IIMS AVIs starts at the beginni
Gallery: Anthem of the Seas Arrives in Southampton
The following gallery gives you a taste of Anthem of the Seas’, the third largest cruise ship in the world, arrival to Southampton, UK. She arrived on April 15th, and her christening ceremony will take place on April 20th where she will be christened by travel agent Godmother Emma Wilby. Anthem of t
Video: Teekay’s Tanker Market Update – April 2015
Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), medium range (MR), suezmax and very large crude carrier (VLCC) vessels. In this video, Chrisitian Waldegrave, Head of Research at Teekay, is offering insights into global tanker market for
Hapag-Lloyd Adds North Europe-USEC Service
German container line Hapag-Lloyd is introducing a new North Europe – US East Coast Service dubbed AX4. The new service will complement Hapag-Lloyd’s existing Atlantic network by offering connections between North Europe – Savannah – New York and vice versa. The AX4 will have the following rotation:
Drewry: Container Lines Cutting Carbon Footprint
At least three factors have substantially cut the fuel consumption of containerships: slow-steaming, the trend towards larger, more fuel-efficient ships and restrictions placed by governments on ships coming into the ports, Drewry Supply Chain Advisors report in this month’s Logistics Executive Brie
Italian Navy Frees Fishing Boat Hijacked off Libya
The Italian Navy reported today that it took control of an Italian fishing boat hijacked last night in international waters off Libya. The gunmen aboard a military tug with no flag or any signs from the Libyan government hijacked the fishing boat Airone some forty miles off the Libyan port of Misrat
Baltic Dry Index to Rebound in April
It seems that the worst is finally over for the bulker owners as the Baltic Dry Index (BDI) is expected to recover in April with stagnant supply and rising demand for vessels. According to UK-based shipping consultancy Drewry, supply is expected to slow down with a decline in newbuilding activity an
Giant Boxships Good News for Rotterdam Port
The Dutch Port of Rotterdam sees the increase in orders for giant container ships as a competitive advantage over rival ports. In recent months container shipping continued to increase in scale. In the last quarter the record for the largest container vessel in the world was broken twice, and it has