Green Marine
Shell to Buy Rival BG Group for USD 69.6 Billion
Royal Dutch Shell and BG Group have agreed on a GBP 47 billion (USD 69.6 bn) cash and share offer to be made by Shell for the entire issued and to be issued share capital of the British oil and gas company. Shell expects the deal to accelerate its growth strategy in global LNG and deep water, as [&h
ICS: New Environmental Regulations Carry USD 500Bn Price Tag
The shipping industry cannot invest in environmental and social improvements required by regulators unless it is commercially viable, the International Chamber of Shipping Director of Policy and External Relations Simon Bennett said at a United Nations panel meeting in New York. ICS noted that the c
Danish Merchant Fleet Larger than Ever
The gross tonnage registered in the Danish Registers of Shipping beat a record with a gross tonnage of 14.9 million in 2014 compared to just below 13 million in 2013, the Danish Maritime Authority said in its annual report. “It is very positive that the Danish merchant fleet has increased markedly –
Wärtsilä Chosen to Look After Golar LNG Fleet
Finnish engineering company Wärtsilä has signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG, including remote monitoring of engines, maintenance planning, advisory services, and guaranteed availability of personnel as well as spare parts.
New Chair to Take Helm at Team Tankers
Team Tankers International, a company established by Eitzen Chemical within its restructuring process, has entered into an agreement to name Morten Arntzen as chairman of the company. The agreement is subject to Mr. Arntzen being voted onto the Board of Directors by a special general meeting, which
Maersk Line Drops Oslo Calls in 2015
World’s largest container carrier Maersk Line has decided to redirect all calls from Norway’s Port of Oslo to the Port of Drammen as of April 1, due to disruptions and delays for cargo to and from the country’s capital. The reasons behind this change is that the Port of Oslo is experiencing addition
Hamburg Süd Most Reliable in February
German liner company Hamburg Süd claimed the title of the most reliable carrier in February overtaking Maersk Line, having achieved an on-time performance of 86.2%, according to SeaIntel Maritime Analysis. This is the first time since February 2014 that Hamburg Süd is back on the top spot. Danish ca
CMA CGM Sets Up MedGulf Service
French container line CMA CGM is launching a MedGulf Service, linking the Mediterranean to the US Gulf and Caribbean (Dominican Republic, Jamaica), with the first boxship in the new service scheduled to leave Livorno on April 24. This new service will offer weekly sailings from the Mediterranean to
Glencore Charters Another Diana Bulker
NYSE-listed dry bulk shipping company Diana Shipping has, through its wholly-owned subsidiary, entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Protefs. The gross charter rate is USD 6,250 per day minus a 5% commission paid to
Finnish Research Vessel to Run on Bio-Oil
Finnish Environment Institute (SYKE) will start using bio-oil made from food industry by-products to power its marine research vessel the Aranda. SYKE aims to reduce the vessel’s carbon load by fuelling it with domestic bio-oil made from used vegetable oils and fish guts. Earlier this year, the vess
Image of the Day: MV Tamesis Gets a New Nose
MV Tamesis, a new generation Mark IV RoRo ship owned by Wilh. Wilhelmsen ASA, is photographed here during the change of her bulb. The new bulb has a more efficient design, which will cut the ship’s bunker consumption. The Mark IV RoRo provides 35% more covered capacity for specialised RoRo cargo tha
Iran Ready for Return of Global Shipping Lines
Global shipping companies may return to Iranian ports once economic sanctions imposed on the country by the United Nations Security Council, the European Union and the US are lifted, the local Tasnim News Agency reported Mohammad Saeednejad, Iran’s deputy minister of road and urban development, as s
Italy Saves 1,500 Migrants off Libya
Italy’s navy and coast guard ships rescued around 1,500 migrants from five boats in the Mediterranean on Saturday, after three of the vessels got into difficulties off the coast of Libya and sent distress signals via satellite phones, the BBC reports. The other two boats were spotted by the Italian
Drewry: No Improvements to Asia-Med Rates Until June
Even though the container carriers called for a rate increase (USD 800-USD 1,000 per teu) on April 1 in an attempt to get prices back well over the USD 2,000 threshold on the Asia-Mediterranean routes, any increase secured from this may only be cosmetic, and headhaul spot rates will remain fragile u