Green Marine
Diana Takes a Loan
Athens-based owner and operator of dry bulk carriers Diana Shipping signed a USD 50.16 million term loan facility with ABN AMRO BANK N.V. Through three of its wholly-owned subsidiaries, Diana completed the drawdown secured by the vessels m/v New York, m/v Maia and m/v Myrto. The total indebtedness o
E A Gibson Goes Solo
The UK shipbroker E A Gibson separated from its oil services parent company Hunting Plc, ending ”121 years of a very unique relationship,” the company said in a release. The shipbroker said that the time was right to change direction and take the company out of a stock listed framework of ownership
Image of the Day: First Havyard 832 Arrives from China
The ship shown in this image, named Kan Tan 312, is the first Havyard 832 PSV delivered from a Chinese shipyard and also the first Havyard design classed by China Classification Society (CCS). The contract between Havyard and Fujien Mawei Shipbuilding was signed in February 2013. The shipyard delive
Costa Concordia Used for Cocaine Smuggling
Large quantities of cocaine are reported to had been smuggled on board the most luxuries ships sailing the high seas, a recent investigation by Italian authorities shows. The police investigation into the drug smuggling routes between South America and Italy indicated that a considerable amount of c
Hamburg Süd Wraps Up CCNI Takeover
German liner company Hamburg Süd has concluded the takeover of the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) effective 27 March 2015, the company said. The takeover includes the related general agency functions of Agunsa Agencias Universales S.A. (Agunsa)
RINA Joins Turkmenbashi Port Project
Italy’s RINA Services has been awarded a contract to provide design review and third party certification services for a USD 1.5 billion Turkmenbashi International Port, currently being built by Turkey’s Gap Insaat on the Caspian Sea coast of Turkmenistan. The port complex is due for completion in 20
Top UK Port Operator Stake Sold for USD 2.36 Billion
Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure have signed an agreement to invest approximately GBP 1.6 billion (USD 2.36 billion) to acquire a stake in Associated British Ports (ABP) of at least 30%, and may acquire a further 3.33% subject to pre-emption rights. CPPIB and He
DryShips Offloads Tanker Fleet
Owner and operator of ships DryShips Inc. has entered into firm sales agreements with entities controlled by the company’s Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers. The tanker fleet, comprised of Vilamoura, Lipari, Petalidi and Bordeira, is to be sold f
Cargotec-Carlyle China Joint Venture Over
Finnish cargo-handling machinery maker Cargotec has become a sole owner of China Crane Investment Holdings Limited after buying the remainder of the investment company’s shares from CAG Marine Holding Limited, part of Carlyle. Cargotec and CAG Marine jointly owned China Crane Investment Holdings Lim
100 Maersk Line Boxships Going Paperless
Danish container shipping company Maersk Line has selected Transas Marine for ECDIS implementation, and will install Navi-Sailor ECDIS 4000 on more than 100 of its vessels. According to the agreement signed between Maersk Line and Transas Marine, the existing systems will be upgraded to the latest v
Rotterdam to Get LNG Break Bulk Facility
Gate terminal, the first liquefied natural gas (LNG) import terminal in the Netherlands, has started the construction activities for the new LNG break bulk facility at the Maasvlakte in Rotterdam. Break bulk (or small-scale) services aim to split up large-scale LNG shipments into smaller parcels, en
Hamburg Bulk Carriers Takes 11 Bulkers under Its Wing
German handysize operator Hamburg Bulk Carriers (HBC) has added 11 bulk carriers originating from the German banking sector to their 3rd party management business. The latest addition to the fleet is comprised of bulk carriers ranging between 53,000 and 82,000 dwt, supplementing the traditional HBC
HHLA Sets Container Throughput Record
7.2 million standard containers (TEU) moved through the Hamburger Hafen und Logistik AG’s container terminals at the Port of Hamburg in 2014, a new throughput record for the terminal operator. The volume increase is due to the measures taken by the company to improve the quality and capacity of mega
Gibraltar Starts Ship-to-Ship LNG Transfers
Last week Gibraltar performed two ship-to-ship transfers of liquefied natural gas (LNG) in the Bay of Gibraltar, the local daily Gibraltar Chronicle reports. After the completion of the STS transfers, the Gibraltar Port Authority hinted at the possibility that this is just the beginning, and that th