Green Marine
BW Opal Sold to BW Group
Oslo Stock Exchange-listed BW Offshore has sold the VLCC BW Opal for USD 85.5 million to BW Group. The transaction is performed on an arms-length basis, based on independent valuation reports and technical inspection of the vessel. The agreement also includes an option for BW Offshore to buy-back th
Gard: Switch to Low Sulphur Fuel Prior to Entering ECA
The US Coast Guard (USCG) has voiced concerns about the increasing number of vessels at risk of experiencing loss of propulsion when performing change-over operations to low sulphur fuel, the marine insurer Gard reports. As part of the increasingly stricter air emission limits enforced through MARPO
Maasvlakte Stevedores Close Ranks
Port of Rotterdam’s container stevedores APMT MVII, APMTR, ECT and RWG have agreed to streamline the so-called inter-terminal container transport on the Maasvlakte, the Port of Rotterdam Authority said in a release. By using a closed transport route that links the terminals, it will be possible to t
Image of the Day: World’s Largest Cable Layer Takes to Water
On 7th March, Jan De Nul launched the world’s largest multipurpose cable laying vessel named Isaac Newton. The launching ceremony took place at Uljanik shipyard located in Pula, Croatia. The vessel will be able to perform different jobs as a trenching and offshore support vessel, a subsea rock insta
Interactive Tour: Britain’s Biggest Cruise Ship
The largest ocean cruise ship designed for the British holiday market, Britannia, was christened today (10th March, 2015) by Her Majesty Queen Elisabeth II. The ceremony attracted thousands of visitors at the Ocean Cruise Terminal in Southampton, UK. At 144,000 gross tons, 330 meters long and 38 met
Sulphur Emissions from Ships at Gothenburg Port Slashed
Measurements at the Port of Gothenburg show that sulphur emissions from ships have fallen by 80 per cent since stricter rules came into force at the turn of the year. Namely, the sulphur content in fuel was reduced from 1.0 to 0.1 per cent in the short-sea shipping area around Gothenburg (Baltic, No
Tankers Idle off Ceyhan amid Closure of Kirkuk Pipeline
Several tankers are waiting offshore port of Ceyhan in Southern Turkey amid closure of Kirkuk-Ceyhan oil pipeline, Reuters reported sources as saying. Pumping of oil along Iraqi Kurdistan’s pipeline has been suspended since Monday as repairs were required at one section of the pipeline, which was da
First Adriatic Oil & Gas Summit Kicks Off
The inaugural two-day Adriatic Oil & Gas Summit (AOG) has started today in Budva, Montenegro. Held under the patronage of the Ministry of Economy of Montenegro and the Ministry of Economy and Energy of Albania, the summit will focus on the offshore oil and gas investment opportunities within three c
UN Agencies Unite to Tackle Sea Migration
Following the ”Joint Statement on Protection at Sea in the Twenty-First Century,’‘ several United Nations agencies have agreed to establish a mechanism to enhance existing inter-agency communication with respect to the maritime aspects of mixed migration by sea. The intention is that the mechanism w
Choppy Seas Ahead for Chemical Tankers
Chemical tanker shipping faces another challenging year of falling freight rates in 2015 but the trade is expected to recover next year, according to Drewry’s latest edition of the Chemical Forecaster. Seaborne trade in chemicals and associated products fell by 1.2% in volume terms in 2014. Drewry a
Germany Vying for Euro Cruise Market Top Spot
The ocean cruise market in Germany continues to be one of the fastest-growing tourism sectors, and with 1.77 million German passengers recorded in 2014, the country is on its way to become the second largest cruise market in the world, according to Norbert Fiebig, president of the German Travel Asso
Hamburg Süd Targets Higher Volumes in 2015
German containerised cargo shipper Hamburg Süd plans to increase its shipping volumes by 20% in 2015, the company’s CEO Ottmar Gast told the German business magazine Wirtschaftswoche. Even though Hamburg Süd ended 2014 with a 2.5% increase in shipping volumes, the company’s sales declined from EUR 5
Diana Snags Glencore Charter
Athens-based dry bulk shipping company Diana Shipping has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for the 2004-built, 74,444 dwt Panamax m/v Erato. The gross charter rate is USD 7,100 per day minus a 5% commission paid to third parties, for a period of minimum eleve
Image of the Day: Ocean Dolphin Launches
Turkish shipyard Cemre held a launching ceremony for their newbuild, NB35 Ocean Dolphin, on March 7th. This 69,8 meter Seismic Support Vessel, which boasts SALT 450 SSV design, was ordered by Vestland Offshore AS in October 2013 and will be delivered mid-2015. Here are some main characteristics of S