Green Marine
Limassol Port Workers Resume Cargo Operations
Piled containers at the Limassol port, Cyprus have started moving as protesting workers resume loading activities, according to the Cyprus Mail. The port workers announced an indefinite strike on Tuesday asking from the government for more workers to be employed. Workers have also raised their conce
Diana Pens Loan Deal with Nordea Bank
Dry bulk shipping company Diana Shipping Inc. has inked a term loan facility with Nordea Bank AB, London Branch. Yesterday, through eight wholly-owned subsidiaries, it completed a drawdown of USD 93.08 million, secured by the vessels m/v Leto, m/v Melia, m/v Polymnia, m/v Amphitrite, m/v Aliki, m/v
Interview: Alfa Laval Scrubber Sales Forge Ahead
Swedish engineering group Alfa Laval has seen a steady growth in the orders of their marine exhaust gas cleaning systems, the so-called scrubbers, spurred on by the introduction of the 0.1% Sulphur Directive, and the trend is expected to continue throughout 2015, René Diks, Manager Marketing & Sales
MSC Cruises Suspends Tunisia Calls
In the wake of terror attack at the Bordo National Museum, in Tunis, MSC Cruises has decided to suspend all remaining calls at Tunisian ports in the 2015 summer programme in the interests of guest and crewmember safety. Twelve guests of MSC Cruises have been confirmed dead following the terrorist at
Seychelles Court Convicts Nine Somali Pirates
Nine Somalis have been convicted for piracy by the Seychelles Supreme Court, Seychelles News Agency reports. The group have been found guilty of attack on the high seas against a Hong-Kong flagged vessel M/V Zhongji No. 1 on November 6, 2013, an attempt to hijack a Danish ship Torm Kansas in the Ind
TEN In Clover
Greek tanker operator Tsakos Energy Navigation (TEN) posted the best annual results in 2014 since 2010, reaching USD 33.5 million profit, a significant recovery compared to a USD 9.2 million loss in 2013. The company’s operating income for 2014 was USD 76 million compared to USD 33.2 million (before
Update: MSC Cruises’ Death Toll Rises to Twelve
Twelve guests of MSC Cruises have been confirmed dead following the terrorist attack during a shore excursion at the port of La Goulette, Tunisia on Wednesday. The twelve people in question are said to be 2 Colombians, 3 French, 3 Japanese, 2 Spanish, 1 British and 1 Belgian. According to MSC Cruise
Global Shippers’ Alliance Launched
The European Shippers’ Council (ESC), The Asian Shippers’ Association (ASA) and the American Association of Exporters and Importers (AAEI) have formed the Global Shippers’ Alliance to cooperate in the field of air freight, maritime transport and trade facilitation, as well as represent shippers’ int
Nine MSC Cruises’ Guests Killed in Terrorist Attack in Tunisia
Nine of MSC Cruises’ guests are reported to have lost their lives in a terrorist attack during a shore excursion at the port of La Goulette, Tunisia on Wednesday, MSC Cruises informed. The victims are reported to be three of Japanese nationality, two French, two Spanish and two were Colombian. The c
Poland’s DCT Gdansk Bans Dock Union Organisers
Organisers of Polish dock union Solidarnosc were banned from accessing the country’s fastest growing port terminal DCT Gdansk. The ban at DCT Gdansk follows a protest by 30 dockers at the office of the CEO over the termination of a union leader’s employment contract last week, International Transpor
Panama Canal Cement Dispute Goes to Arbitration
The Panama Canal Authority (ACP) and the consortium expanding the canal have separately sought international arbitration over a cement quality dispute. The ACP wants a panel of international arbitrators to review a decision to award USD 234 million to Grupo Unidos por el Canal (GUPC), the contractor
Infographic: Maersk’s Contribution to Denmark
Danish business conglomerate Maersk has contributed to its country a lot, as the above infographic shows. Maersk Group has strong ties to Denmark, employing more than 6,000 people full time and with 43% of the fleet under the Danish flag. In numbers, the Maersk Group contributed 2.5% of the country’
Nordic Back to Black
Danish product tanker owner Nordic Shipholding A/S made a profit of USD 2.3 million in 2014 due to improved earnings and a one-off gain of USD 5.2 million arising from the reversal of impairment loss on Nordic Anne previously recognised, which was slightly above expectations, the company said. Exclu
BMT: Fuel Saving Measures Can Negatively Affect Lashing Forces
Fuel saving measures aimed at boosting efficiency can have a negative effect on the lashing forces on the containers, according to recent findings from the audits conducted by BMT on more than one hundred container vessels last year. Fuel efficiency monitoring and analyses of the ship’s performance