Green Marine
NewLead Charters Out Bitumen Tanker
The Greek dry bulk carrier and tanker operator NewLead Holdings has entered into its first contract of affreightment with an undisclosed client for one of the five bitumen tankers recently added to the fleet. The 2009-built Katerina L has been chartered for a period of ten months, and will ship a mi
Asia Gains Ground in European Shipping Sector’s Eyes
Asia continues to gain in importance for the European shipping sector, a recent survey conducted by HSH Nordbank shows. According to the survey, it is primarily Asian providers of capital that are increasing their exposure to ship finance. The survey polled shipping clients primarily from Europe, Ea
Guest Feature: Driving Operational Change with Data-Driven Analytics
Real-time reporting and data analysis are key tools to understanding and improving complex operating environments of today’s companies where the overall effects of any individual action can be very difficult to identify without a proper tool set at hand. Identifying and continuously improving best p
King Edward Powerless in Bosporus
The Marshall Islands-flagged King Edward lost power in the Bosporus strait and was carried dangerously close to the coast by strong currents before the crew managed to anchor the 182-meter tanker, The Daily Sabah reports. The 2004-built tanker was on its way from Italy to Russia’s Black Sea Kavkaz p
Italian Port Workers to Stage Strike on March 6th
Unionized workers at Italian ports plan to stage a 24-hour strike on March 6th, 2015. The strike, announced by union federations Filt-CGIL, Fit-CISL and Uiltrasporti, comes in the wake of announced reforms and ongoing dispute over the responsibilities between the Ministry of Transportation and the M
Mega Alliances Start Calling at Malta Freeport Terminals
The 2M Alliance made up of Maersk Line and Mediterranean Shipping Company (MSC) and the Ocean Three Alliance composed of CMA CGM, China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC) have chosen Malta Freeport Terminals as their main transhipment hub in the Central Mediterra
Stronger Dollar Mixed Blessing for Transatlantic Volumes
A strengthening dollar versus the Euro in the latter months of 2014 splintered the growth directions for the west and eastbound Transatlantic trades, according to Drewry. Westbound Transatlantic container traffic grew by 8.4% in 2014, according to Drewry’s preliminary estimate. The trade was given a
Record Tonnage Volume Changed Hands in 2014
A record volume of tonnage is reported to have changed hands in 2014 and reported secondhand sales rose by 29% year-on-year to total 51.0m GT in 2014, according to Clarksons. The reported value of secondhand sales activity totalled USD 26.1bn, up 26% y-o-y. There was interest in the larger sizes and
Shipping Industry Needs Uniform BWT Rules
The shipping industry has supported efforts to address aquatic invasive species through ballast water treatment (BWT) standards, but for a capital expenditure of over USD 60 billion, a legal regime that offers greater clarity, predictability, and investment certainty is needed, according to World Sh
Lysblink Seaways Falls Victim to Strong Winds, Drags Anchor
The grounded DFDS cargo ship Lysblink Seaways was towed back out to sea on Sunday, February 22nd as part of contingency plan to stabilize the vessel as increased wind caused it to drag her anchor. According to UK Coastguard’s Sunday report, the vessel was stable and at anchor 1.5 miles east of Kilch
Supertankers Pick Up Speed
Very Large and Ultra Large Crude Carriers have increased their average sailing speed this month to 12.57 knots in order to take advantage of the rising demand and higher daily rates triggered by a dip in crude oil prices, Bloomberg reports. It has been two and a half years since the global supertank
Leixões-Rotterdam Ro-Ro Service on Upswing
In 2014, one of Portugal’s major seaports, the Port of Leixões handled 404,650 tonnes of ro-ro cargo, over five times as much as in 2013 (75,171 tonnes). In units, the rise was as pronounced: from 5,600 to 22,910 last year, the port’s figures show. Virtually all ro-ro cargo is transported to and fro
Bore Closes Dutch Office
The Finnish shipping company Bore has decided to close its shore office in Amsterdam and lay off 24 Dutch employees, as the company tries to concentrate all shore functions to Finland. As a result the company plans to re-flag its two RoRo vessels currently under Dutch flag, M/V Norsky and M/V Norstr
Scotland Calls for Emergency Towing Project Extension
Emergency Towing Vehicle provision should be reviewed immediately and extended beyond March 2016, Richard Lochhead, Scotland’s Cabinet Secretary for Rural Affairs, Food and Environment, said during the national marine plan debate. This call comes as a result of the recent sinking of the Cemfjord and