Green Marine
Slow Steamers to Rake In from Low Oil Prices
Ship efficiency remains just as relevant and important in a bearish oil market as it does when shipowners have to pay over USD 600 for a tonne of Heavy Fuel Oil, Newport Shipping UK said in a release. Hakan Ozcan, the Chief Financial Officer of Ecoships, the technical ship management arm of Newport
IMO Tackles Administrative Burdens in Maritime Industry
The International Maritime Organisation (IMO) has published a report containing the main findings and conclusions of the public consultation undertaken by the IMO on the reduction of administrative burdens in maritime regulations. 60% of those involved in the online consultation named ‘Have Your Say
Containership Reliability Keeps Spiraling Down
Containership reliability declined for the second month in a row in December, according to Drewry’s enhanced Carrier Performance Insight. The latest data shows that the aggregate on-time performance for the Asia-Europe, Transpacific and Transatlantic trades dropped to 58% in December, down from 62%
Falling Piracy Figures Hide Worrying Trends
The UK Chamber of Shipping has warned that a significant drop in Somali based piracy should not mask significant security threats to shipping and seafarers in other regions, both off West Africa and in South East Asia. – where a violent ‘petro-piracy’ is thriving. A report by the International Marit
Georgia Ratifies Ballast Water Management Treaty, Joins IMSO
Georgia has deposited its instrument of accession to the Ballast Water Management treaty, bringing the total number of ratifications to 44 States, with 32.57% of world tonnage, the International Maritime Organisation (IMO) said in a statement. 35% of world tonnage is needed to meet entry into force
Malmö Readies for Low-Sulphur Bunkering
Copenhagen Malmö Port (CMP) is ready to receive vessels that can refuel with low-sulphur marine diesel in a newly-established terminal being built in Malmö and financed by Scandinavian Tank Storage AB (STS) and Copenhagen Malmö Port AB (CMP), the port said. The sulphur directive requires all vessels
APB to Upgrade Balearic Ports
The Board of Directors of the Port Authority of the Balearic Islands (APB) has given the go-ahead to the 2015 Business Plan, which includes investments totalling EUR 27.8 million (USD 32.5m) for the five public ports it manages on the islands. Spending will be highest at the Port of Ibiza, with the
More Cargo, Less Passengers at Freeport of Riga
Latvia’s Freeport of Riga handled 41.08 million tons of various cargo in 2014, surpassing the 2013 volumes by 5.6 million tons, or 15.8%, and setting a new record for the port. Overall, 23.73 million tons were handled in the dry bulk segment in 2014 that is by 10% or 2.16 million tons more than duri
Skangas Books New LNG Bunker Vessel
Sweden’s liquefied natural gas provider Skangas has commissioned a specialised bunker vessel which will provide ship-to-ship bunkering and freighter services in the area of Skagerrak, Kattegat and the Baltic Sea. The new 5,800 cbm bunker vessel named Coralius is scheduled to start operations by earl
IMO Updates Rescue at Sea Guide
The International Maritime Organization (IMO) has issued the updated and revised Rescue at Sea guide intended for the rescue of refugees and migrants. The guide has been prepared jointly by the International Maritime Organization (IMO), the International Chamber of Shipping (ICS), and the Office of
Star Bulk Closes Offering of Common Shares
Nasdaq-listed Star Bulk Carriers has banked close to USD 242 million from the primary public offering of little over 49 million of its common shares, at a price of USD 5 per share. The company will used the money to finance its newbuilding program and for general corporate purposes. The underwriters
Diana Charters Out MV Santa Barbara
Dry bulk shipping company Diana Shipping Inc. has entered into a time charter contract with RWE Supply & Trading GmbH from Essen, Germany, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is USD 12,000 per day minus a 5% commission paid to third parties, for a
Eitzen Chemical’s Restructuring Plan Moves Ahead
Oslo-based owner and operator of chemical tankers Eitzen Chemical ASA said it has secured support from all of its lenders anf bondholders for its restructuring plan. Completion of the restructuring as set out in the Plan Support Agreement (PSA) is expected to take place by the end of January, and in
Freighter Catches Fire in Iskedrun Port
1978-built, 2937 dwt general cargo vessel Retaj caught fire while docked in Turkey’s Mediterranean Port of Iskedrun, January 14, Haber Turk reports. The fire reportedly spread across the entire Togo-flagged ship. Local firefighters are currently on scene and are trying to contain the fire. Turkey’s