Green Marine
IMO Applauds ICS Changing Stance on Ballast Water
IMO Secretary-General Koji Sekimizu has welcomed the reconsideration by the International Chamber of Shipping (ICS) of its position towards the ratification by Governments of the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, 2004 (BWM Convention). Ear
DFDS Logistics Starts New Route
Denmark’s short-sea shipping operator DFDS Logistics has set up a new route from Northern Germany to Norway, with the first sailing scheduled for December 29, according to the Port of Hamburg. The loop of the new route will be Oslo-Halden-Bremerhaven-Hamburg-Oslo. The vessel on the new route will be
Diana Shipping Completes Loan Drawdown
NYSE-listed owner and operator of dry bulk carriers Diana Shipping on December 19 completed a drawdown of USD 53.5 million, through its two separate wholly-owned subsidiaries, under a term loan facility signed with BNP Paribas. The proceeds will be used to partially finance the acquisition costs of
GasLog Snares LNG Carrier Pair
Monaco-based owner, operator and manager of liquefied natural gas carriers GasLog Ltd. has entered into an agreement with Methane Services Ltd., an affiliate of BG Group, to acquire two tri-fuel diesel electric LNG carriers for a cost of USD 460 million. The two vessels, Methane Becki Anne and Metha
ECT, Port of Rotterdam End Marathon Legal Row
Europe Container Terminals (ECT) and the Port of Rotterdam Authority have agreed to end a three-year legal dispute over ECT’s claims of unfair treatment by the Port of Rotterdam Authority, saying that it is in the mutual interest of both companies to cooperate, taking into account their respective
Hapag-Lloyd Wraps Up Capital Increase
German liner shipping company Hapag-Lloyd completed the planned capital increase of EUR 370 million (USD 453.5m) as part of the business combination with the Chilean shipping company Compañía Sud Americana de Vapores (CSAV). As planned, CSAV subscribed to EUR 259 million (USD 317.5m) and Kühne Marit
Readers’ Picks of the Week (15th – 19th Dec)
MSC Rachele Runs Aground MSC’s containership Rachele has run aground on a sandbank in Western Scheldt (Westerschelde) estuary off Terneuzen, a city in the southwestern Netherlands, the Zeeland Veilig website reported.…Read more Ocean Star Pacific Runs Aground Panamanian-flagged Ocean Star Pacific cr
Image of the Day: RFA Fort Victoria Emerges from Makeover
Looking resplendent riding high in No.5 Dock at Cammell Laird’s yard in Birkenhead, RFA Fort Victoria belies her 24 years of age. And well she might for the supply ship has undergone a revamp costing just shy of £50m – the biggest revamp ever carried out by the world-famous yard on a Royal Fleet Aux
OW Bunker Manager Arrested in Denmark
Former global manager of the bankrupt marine fuel supplier OW Bunker Lars Bohn has been arrested in Denmark. Danish newspaper Borsen quoted the prosecutor’s office as saying on Thursday that Bohn is wanted in Italy where he is suspected of fraud adding that he will be extradited to Italian authoriti
World’s Biggest Containership Drops Anchor in Singapore
The world’s biggest containership CSCL Globe paid a maiden call at Pasir Panjang port, Singapore, the Strait Times writes. The first in a series of five same-sized ships ordered by China Shipping Container Lines (CSCL) dropped anchor in Singapore on Thursday. The behemoth 19,100 TEU vessel embarked
BIMCO: Faster Steaming Not an Option
Despite fall in bunker fuel costs that have been almost halved in the past six months dropping from USD 600 to USD 330 per tonne, introduction of higher speeds cannot be justified as overcapacity still prevails in the dry bulk market, according to BIMCO. Therefore, several years of strong demand gro
Nidera Invests in Port of Constanta Terminal
Dutch agribusiness and trading company Nidera has taken full ownership of the USA/USC Terminal in the port of Constanta, Romania. The port of Constanta has a long partnership with Central and Eastern European countries with high agricultural production, being one of the key exporters of these produc
Greek Owners and Operators Favor Liberian Flag
LIiberia has become the flag of choice for Greek ship owners and operators, according to Liberian Registry. Figures produced by the Greek publication Shipping & Finance, which bases its findings on data from the Marine Information Services database for Greek and Cypriot shipping companies, confirm t
Navios Puts Tanker Duo to Work
Greek owner and operator of tanker ships Navios Maritime Acquisition Corporation has chartered out the 2014-built, 49,998 dwt MR2 product/chemical tanker Nave Pyxis and the newbuilding 51,200 dwt MR2 product/chemical tanker Nave Sextans to an unnamed client counterparty for three years at a rate of