Green Marine
Rotterdam World Gateway Starts Commercial Activities
The Rotterdam World Gateway (RWG) terminal handled the first commercial test vessel on the evening of January 17th, marking the start of RWG’s commercial activities. In total, more than 150 containers were discharged. After discharge, approximately half of the containers were loaded onto a barge on
WSS, Solstad Sign Global Agency Agreement
Wilhelmsen Ships Service (WSS) and Solstad Shipping have entered into a two year global agency agreement with a two year option, with WSS providing global agency services to Solstad’s 48 vessels worldwide. WSS’s global agency agreement aims to streamline and simplify multiple port call operations fo
Eimskip Launches Ship Management JV in Hamburg
Iceland’s Eimskip and the German company König & Cie have established a joint venture company based in Hamburg and specializing in ship management and trading. The ownership will be 80% by Eimskip and 20% by König & Cie. The new company will create synergy in vessel operation, including technical ma
Slumping Economies Dent Europe-ECSA Container Volumes
Europe-East Coast South America (ECSA) container volumes will have shrunk in 2014 when the final data comes in, Drewry Maritime Research predicts. The slowdown in Brazil’s economic growth is evident in the moribund container trade between Europe and the East Coast South America. This trade has prove
What Added Costs Will Sulphur Directive Bring?
Ships’ costs structures will change as increased bunker costs are unavoidable due to the latest 0.1% Sulphur Directive for the Emission Control Areas (ECAs), which came into effect January 1, according to Karen Jacques, Dryad Maritime’s Director for Asia Pacific. There will inevitably also be additi
PSA International Marks Spike in Annual Container Volumes
Singapore based port operator PSA International handled 65.44 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world in 2014. The company’s volume increased by 5.8% over 2013 with PSA Singapore Terminals contributing 33.55 million TEUs (+4.1%) and PSA termina
Golar LNG Secures Charters for Carrier Duo
Bermuda-headquartered owner and operator of liquefied natural gas (LNG) carriers Golar LNG has been awarded two time charters by Nigeria LNG for its 160,000 cbm carriers Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue fo
UK to Retain Ferry Safety Rules
Nautilus International, a trades union and professional association representing seafarers and allied workers in the United Kingdom, has welcomed the UK government’s decision to abandon controversial proposals to scrap rules requiring ro-ro passenger ships to be fitted with lockers containing emerge
Braemar Reaps Profit from ACM Merger
The performance of Braemar Shipping’ shipbroking division since October 2014 has improved significantly compared with the first half, the company said in its interim management statement. The improvement reflects the inclusion of ACM Shipping Group PLC from July 2014 and the cost reduction actions t
CSAV Raises USD 357 Mln
Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised a total of USD 357 million from its share offering. The shipping company’s shareholders subscribed and paid approximately 10.420 million shares at a price of USD 21 each. The proceeds represent 89% of the company’s total ca
Konecranes Ships 15 RTGs to West Africa
Konecranes has received an order for 15 Rubber Tired Gantry (RTG) cranes from Bolloré Group. The RTGs will be delivered to three container terminals operated in West Africa by Bolloré Africa Logistics. Two of these terminals are new Konecranes RTG customers: Togo Terminal in Lomé, Togo (four RTGs) a
Finnlines Boosts Ro-Ro Fleet
Finnish shipping company Finnlines has purchased another ro-ro vessel, which was named MS Finnmerchant (ex MS Dorset, ex MS Longstone). Earlier this week Finnlines added two ro/ro vessels for its North Sea liner services, slated for delivery at the end of the year. MS Finnmerchant will be employed o
Port of Tyne Starts Riverside Quay Extension Project
The U.K.’s Port of Tyne has appointed the main contractor for the GBP 25 million (USD 38m) extension of Riverside Quay, the Port’s multifunctional deep-sea facility at South Shields. The main contract for over 300 metres of quay work includes a 125 metre quay extension, an upgrade of 118m of existin
Port of Cork Makes Way for Mega Cruise Ships
The Port of Cork will invest over EUR 1.5 million (USD 1.74m) in upgrading facilities at Cobh Cruise Terminal, Ireland’s only dedicated cruise berth, with the installation of a number of high load mooring bollards at the east and west end of the Cobh Cruise Berth which will enable larger ships to be