Green Marine
ICS Points to Flag State Underperformers
The International Chamber of Shipping (ICS) has published its annual Shipping Industry Flag State Performance Table, warning that there are a number of smaller flag states that still have considerable work to do, and shipowners may wish to think very carefully about using such flags. The largest of
Decision on Elbe Dredging Urgent
Court decision on the implementation of the widening and deepening of the navigation channel on the Lower and Outer Elbe is urgently needed this year, according to the Port of Hamburg officials. The widening and deepening of the channel is of particular importance especially having in mind that fore
Maersk Line Improves India-West Med Links
Maersk Line has launched a new Middle East 5 (ME5) service to enhance direct connections between South India, Middle East and Western Mediterranean markets. This service will also improve the company’s coverage of the Eastern Mediterranean market with faster transit times into Turkey, Egypt and Russ
Term of the Day: Container Manifest
Today’s term of the day is a container manifest, which is a document showing contents and loading sequence, point of origin, and point of destination for a container. All vessels are required by law to carry such a document for each container carried. The following image is an example of how the doc
Update: Baltic Dry Index Drops to Lowest Ever
The Baltic Dry Index has fallen to 553 points today, down 1 point from the record low set in 1986.
Privatization of Piraeus Port Back on Track?
Plans to privatize Piraeus port in Greece are being put back on track, despite the intention of the country’s new government led by the left-wing party Syriza to stop the sale, writes the Wall Street Journal. Namely, Greek Finance Minister Yanis Varoufakis is going to tell his eurozone counterparts
Update: 29 Migrants Dead, 300 Missing in the Mediterranean
The UN refugee agency expressed its shock at new information emerging on the actual scale of the tragedy in the Mediterranean after Monday’s rescue attempts by the Italian Coast Guard. Reports gathered by UNHCR from the Italian Coast Guard and the survivors in Lampedusa now suggest some 300 people a
VIDEO: CSCL Globe in All Its Glory
The video shows the world’s longest container ship CSCL Globe en route from Hamburg / Germany to Zeebrugge / Belgium on river Elbe after her maiden call at Eurogate Container Terminal Hamburg. The video was captured on January 16th, 2015. When measured by tonnage and capacity CSCL Globe is the secon
Prosecutors: Delayed Evacuation of Concordia Caused 32 Deaths
The main reason for the death of 32 people on board the ill-fated Costa Concordia cruise ship was the captain’s failure to promptly order an evacuation, prosecutors said in their closing arguments in court Tuesday, the Associated Press (AP) reports. Costa Concordia captain Francesco Schettino is bei
Hafnia Tankers Acquires LR1 Quartet
Danish shipping company Hafnia Tankers has entered into an agreement to acquire four LR1 product tankers as it pushes to further expand its business within the product tanker segment. The quarter is scheduled to be delivered during the month of February. Once delivered, the vessels will all be joini
Höegh Osaka Heads for Falmouth
Car carrier Höegh Osaka that was stranded in the Solent for 19 days set sail on Tuesday for Falmouth where it will undergo final repair. According to the latest vessel tracking data from Marine Traffic, Osaka was around three nautical miles from Falmouth, sailing on its own power. The repair is expe
Western Bulk Enters 2015 Better Prepared
Oslo-listed dry bulk shipping company Western Bulk’s Chartering division increased its contract coverage for 2015 and thereby reduced its market exposure in the fourth quarter of 2014. By booking forward cargo contracts in Q4-14, the 2015 contract coverage for the firm chartered-in tonnage reached 9
Euronav Cuts Loss
Euronav posted a net loss of USD 3.9 million for the three months ended 31 December 2014, slashing losses from the previous year totaling USD 23.3 million. The company’s EBITDA was USD 67.6 million up from USD 20.9 million in the same period in 2013. For the full year ending 31 December 2014, the ne
Marine Fuel Improves in Quality
The early results for 2015 show that there has been a marked improvement in bunker fuel quality, the International Bunker Industry Association (IBIA) said. According to the data gathered by Intertek ShipCare, 8% of samples tested in 2015 reported off-spec, compared with 10% in 2014. ”Test figures fo