Green Marine
Bunker Volumes up at Rotterdam Port
Marine fuel bunker volumes increased for the first time since 2011 in the Port of Rotterdam, from 10.4 million tonnes in 2013 to 10.6 million tonnes in 2014. The whole of the increase is marked in the sales of marine gas oil and diesel; the sales rose from 500,000 to almost 700,000 tonnes. The sales
Shipping Needs Greater Support from Demand Side
Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in the global shipping industry to some degree, according to BIMCO. While the industry continues to suffer from oversupply in the freight market, the International Monetary Fund (IMF) has fu
Golar Eskimo Changes Hands
Nasdaq-listed liquefied natural gas (LNG) shipping company Golar LNG has completed the sale of its ownership interests in the companies that will own and operate the floating storage and regasification unit (FSRU) Golar Eskimo to Golar LNG Partners for USD 390 million. Golar LNG Partners financed th
Aegean Sets Up Shop in Russia
Athens-based marine fuel logistics company Aegean Marine Petroleum Network has hired five former employees of the bankrupt Danish ship fuel supplier OW Bunker to run the company’s newly launched operations in Russia. Aegean’s operations in this region will include a marketing and business developmen
UK Keeps Piracy Ransom Payment Legal
The UK government has pledged that it would not outlaw the payment of ransoms to secure the release of seafarers held hostage by pirates. Maritime trade union Nautilus has written to UK ministers to voice concerns over the potential for proposed new counter-terrorism laws to restrict or even outlaw
UK Launches Maritime Growth Study
The U.K. Government has launched the Maritime Growth Study, a major public consultation on future policy and support measures for British shipping and seafarers. The six-week consultation is seeking evidence from all in the maritime sector on what the government can do to keep British shipping inter
Rotterdam Dockers Protest amid Job Loss Fears
Dockers at the Port of Rotterdam’s ECT terminal refused to unload a vessel on Sunday as a sign of protest amid job loss fears, the International Transport Workers’ Federation (ITF) said. The vessel Alsvin was loaded at the newly opened Rotterdam World Gateway (RWG) in what was believed to be a test
Euronav Launches US IPO
Shipping company Euronav NV has launched its underwritten initial public offering in the United States of 13,550,000 ordinary shares. The underwriters have a 30-day option to purchase additional ordinary shares representing up to 15% of the offered shares. Euronav said that on the 19th of January 20
Port of Rotterdam Marks Slight Annual Throughput Increase
The largest seaport in The Netherlands, the Port of Rotterdam, handled 445 million tonnes of cargo in 2014, a 1% increase compared to 2013. The Port Authority observed that the different market sectors performed quite dissimilarly. The container sector volumes were up by 5.8%, and breakbulk volumes
Dover Port Assists Stranded Eurotunnel Passengers
Passengers stranded by the problems with Eurotunnel, hit by a freight train fire on Saturday causing delays over the weekend, have reached their destinations via the Port of Dover’s ferry services, the port said. Over the weekend, the Port of Dover and its three major ferry operators provided emerge
Operational Issues Top Fuel Cost Concerns for ECAs
Mechanical problems resulting from the change in fuel properties are by far the biggest concern and potential challenge for the maritime industry amid entry into force of stricter sulphur rules, shows a recent survey by market intelligence provider Fathom. As explained by Fathom, the survey reinforc
BIMCO Targets Improvement of Dry Bulk Terminals
BIMCO has launched a new vetting system designed to gather information on the quality of the facilities and service at dry bulk terminals, the ultimate aim being driving improvement at terminals around the world. To gather the information, seafarers will be asked to complete a quick survey each time
Turkish Coast Guard Captures Ship Carrying 333 Immigrants
The Turkish Coast Guard intercepted on January 18 a general cargo ship carrying 333 immigrants, mostly Syrian refugees, attempting to reach Italy, Hurriyet Daily News reports. Shortly after being tipped off that the 90-metre long, Togo-flagged merchant ship Burçin was spotted in Turkey’s Mediterrane
Cargo Ships Collide off Latvia
The Danish-flagged tanker Maersk Etienne and Panama-registered dry bulk carrier Coral Opal collided in Irbe Strait off Latvia, January 18, while performing what the Coast Guard Maritime Rescue Coordination Centre Riga (MRCC Riga) described as ”a dangerous maneuver.” MRCC Riga immediately dispatched