Green Marine
GAC Signs Agency Deal with BG Group
British multinational oil and gas company BG Group has appointed GAC to be the sole provider of hub agency services for the Reading-headquartered company’s Liquefied Natural Gas (LNG) fleet, as well as crude oil and Liquefied Propane Gas (LPG) shipments. The new five year contract took effect on Jan
UK Seafarers Unprotected from Unfair Competition, Report Shows
A new report from maritime specialists at Cardiff University into UK seafarers has found ineffective enforcement of the National Minimum Wage and a failure to protect UK seafarers and vessels working the coastline from unfair overseas competition, UK’s transport trade union RMT said. The report is b
Navios Banking On Cheap Oil
NYSE-listed owner and operator of tanker vessels Navios Maritime Midstream Partners expects to see spot rates for Very Large Crude Carriers (VLCCs), currently three times greater than the average VLCC spot rate for 2014, remaining steady for a longer period of time. Navios Midstream has currently co
North Pacific Route to Become Bussiest Trading Corridor
The North Pacific route will surpass the North Atlantic as the world’s most busy trading corridor in terms of freight volume (in tonne-km), growing 100 percentage points faster than the North Atlantic, as shown in International Transport Forum’s (ITF) Transport Outlook 2015. According to the ITF’s f
NewLead Doubles Its Fleet
Greek shipping and logistics company NewLead Holdings has bought and leased five bitumen tankers, expanding its fleet to ten vessels in less than a year. NewLead bought three bitumen tankers, the 5887 dwt Captain Nikolas I, the 3,416 dwt Nepheli and the 2,888 dwt Sofia, for a purchase price of appro
Navig8 Bolsters Pool Fleets
January has been a busy month for Navig8 Group’s shipping pools as they bolster ranks with new units. A total of nine units have joined Navig8’s pool fleets this month. The most recent additions saw a newbuild 49,000-DWT Navig8 Victoria being delivered from Hyundai Vinashin shipyard. The chemical ca
Update: Höegh Osaka Starts Cargo Discharge
Discharge of cargo from car carrier Höegh Osaka started on Tuesday, January 27th, the vessel’s owner Höegh Autoliners informed. The discharge is expected to continue over the few next days. The cargo in question includes more than 1,400 Land Rovers, Minis and Jaguars. As inspections by the UK’s Mari
The Dutch Forge Ahead with LNG Bunkering Plans
The Dutch entrepreneurs Peter Versluis (Veka Group), Gerard Deen (Deen Shipping) and Ed de Jong (IUVENIS) joined forces with Peter Goedvolk who recently started Count, a commodity, trading & logistics company. The move is aimed to pave the way for facilitating trade, transport and bunkering of small
DMA: Exhaust Gas Cleaning Systems Approval Made Easier
It becomes easier to verify whether exhaust gas cleaning systems comply with the stricter limit values for sulphur emissions at sea, Danish Maritime Authority (DMA) said welcoming the IMO’s plans to amend the guidelines on approval of exhaust gas cleaning systems. Namely, last week, the second sessi
G6 Chooses Kotug
Five members of the G6 Shipping Alliance (APL, Hyundai, MOL, NYK Line and OOCL) have awarded a multi-annual and exclusive contract to Kotug for towage services in the Port of Rotterdam with effect from January 1, 2015. Key priorities for the 5 members of the G6-Alliance in the decision to select Kot
Infographic: Maritime Crime Figures for 2014
Maritime operations company Dryad Maritime released the following infographic showing maritime crime figures for 2014. According to the said figures, two crew members were killed and over 35 crew members are reported to had been kidnapped in 2014. It is estimated that the total number of crew member
Prosecutor Wants 26-Year Sentence for Costa Concordia Captain
Italian prosecutors have called for a 26-year prison sentence for the captain of Costa Concordia cruise ship that sank in January, 2012, killing 32 people. Captain of the ill-fated cruise ship Francesco Schettino is being trialed before a court in Grosseto, Italy for manslaughter and abandoning ship
Update: Port of Antwerp Cranks Up the Volume
Belgium’s Port of Antwerp handled 199,012,082 tonnes of freight in 2014, a 4.3% increase compared to the previous year, and a new record for one of Europe’s largest ports. The record growth was driven by the volume of containers (up 5.9%) and liquid bulk (up 5.6%). Negative performance was turned in
Maersk Giant Breaks 18,000 TEU Ceiling
Maersk Line’s Triple E container ship behemoth Maersk Mc-Kinney Moller left the Spain’s Port of Algeciras yesterday loaded with 18,168 TEUs (twenty-foot equivalent units), beating the previous world record held by another Maersk’s Triple E, Maersk Mary, which left the same port back in August 2014 c