Green Marine
Disabled SCF Tanker Towed Back to Le Havre
SCF-owned oil tanker Olympiyskiy Prospect was towed to Le Havre port, France after becoming disabled at sea on Monday, December 8th some 26 nautical miles northwest of Fecamp. The Liberian-flagged ship got disabled having experiences rudder damage while at sea, French maritime authority Premar repor
ICS Issues Guidance on Large Scale Rescue Operations at Sea
The International Chamber of Shipping (ICS) has published new Guidance on Large Scale Rescue Operations at Sea in response to the continuing crisis in the Mediterranean, necessitating commercial ships to rescue tens of thousands of migrants and refugees during 2014. ICS Secretary General, Peter Hinc
KNOP Buys Dan Cisne
KNOT Offshore Partners (KNOP) has entered into a deal to buy shuttle tanker Dan Cisne from Knutsen NYK Offshore Tankers AS (KNOT). The deal’s purchase price amounts to USD 103.0 million, minus approximately USD 82.1 million of existing bank debt, of which USD 23.4 million of which will be prepaid by
Glander Opens First Office in Europe
Bunker trading company Glander International Bunkering has acquired Valhalla Marine Sarl, Geneva on the 1st of December, 2014. The new Geneva operation is Glander International Bunkering’s first office in Europe. The company said that the acquisition is aimed at reinforcing its commitment to global
Maersk Line Cuts Pacific Southwest Capacity
Danish liner giant Maersk Line revealed plans to close its current TP5 service as of January 15th, 2015 amid unprofitable results. The decision includes suspension of direct Taiwan Express product to the Pacific Southwest as of January 1st, 2015 as well. Maersk Line said that this does not mean that
Odfjell’s CEO Bows Out
Chief Executive Officer (CEO) and President of the Norwegian shipping company Odfjell Jan A. Hammer is going to step down, Odfjell said in an announcement this morning. The decision has been attributed to “different views on the strategic direction for the company”. Odfjell said that its Board and J
Denmark Pays Up to Suspected Pirates
Nine suspected Somali pirates have received 19,600 Danish crowns (USD 3,247) each in compensation from Denmark for being detained too long before being brought before a judge, AFP cited the public prosecutor’s office as saying on Monday. The amount is staggering, having in mind that half of the Soma
Seven Evacuated from Listing Vessel off Tuzla
Seven crew members have been evacuated from the Panama-flagged cargo vessel MV Gold, which is drifting off Tuzla, Turkey as of Monday, December 8, Turkish daily Sozcu reports. There were no reported injuries to the crew. The vessel started drifting in Yalova harbour area having lost power after a te
Stockholm Introduces New Environmental Discounts
Ports of Stockholm announced introduction of new environmentally differentiated port fees as of 2015 to encourage shipping companies to take environmental measures that go beyond the legal requirements. The decision comes ahead of new, more stringent sulphur regulations that apply from 1 January 201
Chartering Demand Surge for MRs in USG
A chartering demand surge has been recorded this week in the United States Gulf (USG) medium range (MR) tanker market with total observed fixtures concluding at a record high. The activity strength follows several weeks of stronger activity throughout the Atlantic basin and an earlier surge in ex‐UK
Dorian LPG Named Tanker Company of the Year
Liquefied petroleum gas shipping company Dorian LPG Ltd. has been selected as “Tanker Company of the Year 2014” at the annual Lloyd’s List Greek Shipping Awards that took place in Athens on December 5, 2014. The award cited Dorian’s history, the company’s IPO in May of 2014, its collaboration with P
Car Carriers to Make Up for the Shortfall?
The capacity growth in the Pure Car Carrier (PCC) sector for the next few years looks fairly moderate with the orderbook standing at 11% of the fleet, judging by Clarksons’ recent market review. Namely, trade is provisionally projected to grow by 5% in 2015, making up for some of the shortfall this
Venice Offshore Terminal Faces Opposition
The long-awaited construction of an offshore terminal off the Port of Venice has stumbled upon major opposition from Italian senators. Namely, Senators Francesco Russo and Marco Fellippi, backed by fifty cross-party colleagues, presented a document, which proposes streamlining of Eur 100 million of
MPHRP Outraged by Court Decision to Compensate Pirates
Decision of the European Court of Human Rights is repugnant and insulting to all seafarers who have survived piracy attacks, the Maritime Piracy Humanitarian Response Programme (MPHRP) said in a reaction to the news that the French government has been ordered to pay thousands in compensation to Soma