Green Marine
Clarksons Beats Expectations
London-based shipbroker Clarkson PLC (Clarksons) has exceeded market expectations for the financial year of 2014 having recorded £ 237.9 million (around USD 358 million) in revenue, a 20% increase when compared to 2013. The group’s underlying profit before taxation increased by 35% reaching £33.8 mi
DP World London Books 20 Kalmar Stacking Cranes
DP World London Gateway has returned to Kalmar and ordered 20 automatic stacking cranes for its third berth, currently under construction and expected to be operational in the second half of 2016. The Kalmar delivery consists of 10 ASC modules, each with two cranes. The landside operations of the co
Fri Sea Pulled Free after Grounding off Scotland
General cargo vessel Fri Sea that ran aground off Scottish coast on Saturday has been refloated with the help of a tug, the UK Maritime and Coastguard Agency (MCA) informed. The ship, operated by Norwegian Kopervik Group, was pulled from at 19.52 on Sunday evening and was safely moved alongside her
Italian Shipping Firm Fined for Magic Pipe Case
Italian shipping firm Carbofin S.p.A. that owned and operated the M/T Marigola was sentenced to pay an overall criminal penalty of USD 2.75 million by a Florida District Court for knowingly falsifying the vessel’s oil record book in violation of the Act to Prevent Pollution from Ships (APPS). Out of
VIDEO: World’s Biggest Boxship Tours Europe
The world’s largest containership is turning heads across Germany as it steams its way for the first time from Asia to European ports. MSC Mediterranean Shipping Company’s largest container ship ever built, the MSC Oscar, made her maiden call at Port of Wilhelmshaven on Saturday, March 7th. “We are
Changes Needed if Europe Wants to Stay Top Cruise Destination
European Union should focus on concrete measures to overcome the hurdles to cruise tourism’s growth if Europe is to retain its position as world’s number one tourism destination, the Euro branch of Cruise Lines International Association, CLIA Europe, said in a release. Commenting on the inaugural co
Image of the Day: Nexus Gears Up for Christening
Van Oord’s first cable-laying vessel used for constructing offshore wind parks, the Nexus, was captured today when she arrived in Rotterdam, the Netherlands. She will be christened on Saturday 7th of March by Ms J. Damen-Carli, the wife of Mr K. Damen, member of the supervisory board at Van Oord and
Best Spot Results for d’Amico in Over Five Years
Product tanker owner d’Amico International Shipping recorded the best spot results in the fourth quarter of 2014 in the last five years. Marco Fiori, Chief Executive Officer of d’Amico International Shipping attributed the results to the decline in the crude oil price which increased refiners’ margi
Three Ships Aground as Storm Wreaks Havoc along Dalmatian Coast
Three cargo ships ran aground off Dalmatian coast, Croatia this afternoon as violent storm rages throughout the region. The ships have been identified as Krka, Orebić and Vranjic and are owned by Split-based shipping company. Unconfirmed information says that the third ship got beached in a nearby a
Shipping Industry Leaders Urged to Set C02 Target
The Clean Shipping Coalition (CSC) is calling on shipping industry leaders to support a carbon emissions reduction target for their sector, as ship owners and stakeholders gather in Brussels for European Shipping Week. The CSC said that as the only remaining major economic sphere yet to tackle its c
Lysblink Seaways Towed to Greenock
The Lysblink Seaways is now safely berthed alongside in the Great Harbour at Clydeport, as reported by the UK Maritime and Coastguard Ageny (MCA). She arrived there at 7.55pm Thursday with the help of Luca and Svtizer Milford tugs, with the Forth Jouster helping where needed. The tug Afon Menai was
Yamal LNG Chooses Zeebrugge as Winter Transshipment Hub
Russia’a Yamal LNG and Fluxys Belgium, the operator of Zeebrugge LNG terminal, have signed a 20-year contract for transshipment of up to 8 million tons of LNG per year at the port of Zeebrugge, to support year-round LNG deliveries from Russia’s Yamal Peninsula to Asian-Pacific markets. During the Ar
Port of Rotterdam Posts Slight Profit Drop
Rotterdam Port Authority recorded 4.9% lower profit in 2014, standing at €215 million (USD 236.6 million), owing to higher interest charges and depreciation. However, the port’s revenue rose by 3.1% last year, reaching €660 million, due to increased economic activity at the port. “The massive invest
ICTSI Boosts Volumes Through New Terminals
The Philippine-based container terminal operator International Container Terminal Services, Inc. (ICTSI) handled 7,438,635 TEUs in 2014, 18% more than 6,309,840 TEUs reported in 2013, chalked up to the start of the new operations in Mexico and Honduras, the consolidation of terminal operations in Ya