Green Marine
Fearnleys: Tanker Rates Sink Again
A considerable slowdown has pushed tanker rates down in both Middle East Gulf (MEG) and West Africa, according Fearnleys weekly tanker chartering report. Relatively few cargoes are in play at the same time in MEG which is a major change from last week, the brokerage firm said. As indicated in the we
TSA Members Want Higher Container Rates
Member container lines in the Transpacific Stabilization Agreement (TSA) issued a recommendation for a further USD 1,000-per-40-foot container (FEU) general rate increase (GRI) for all origins and destinations. According to TSA members, the proposal reflects stronger than expected holiday traffic an
Recovery on the Horizon for Dry Bulk Carriers
Dry bulk shipping is expected to continue its recovery, thanks to declining excess capacity, increasing iron ore shipments and rising grain trade, according to the latest edition of the Dry Bulk Forecaster, published by shipping consultancy Drewry. The dry bulk market rebounded in the third quarter
Seafarers Largely Unprotected from Infectious Diseases
Estimating the threat from infectious diseases in seafarers and identifying occupational infectious diseases requires well-designed and internationally-co-ordinated studies, and/or integration in the routine surveillance system of communicable diseases is needed, said Norway-based Wilhelmsen Ships S
Skangass, NEOT Introduce Ship-to-Ship LNG Bunkering
Sweden’s Skangass and North European Oil Trade (NEOT) have agreed on a supply contract for Liquefied Natural Gas (LNG) to NEOT’s coming time chartered vessels entering into operation in 2016. The contract is valid for supply of LNG in the region of Lysekil-Gothenburg-Skaw and is also one of the firs
UK: Autumn Statement Sets Stage for Port Linking Investment
The UK Chancellor issued the Autumn Statement 2014 on 3 December, setting out the next stage of the government’s long-term economic plan. The UK Chamber of Shipping welcomed the statement, saying that in addition to tax, welfare and devolution proposals announced by the Chancellor, earlier this week
TTS Group Launches Third JV in China
Oslo-listed TTS Group ASA has through its German subsidiary TTS NFM GmbH entered into an agreement with South China Marine Machinery, controlled by China State Shipbuilding Corporation (CSSC), to establish a new joint venture company. TTS Group hopes that the new JV company, established for developm
EP Committee Adopts CO2 Monitoring Regulation
The European Parliament’s Environment Committee adopted the regulation for the monitoring, reporting and verification (MRV) of carbon dioxide (CO2) emissions and other relevant information from ships calling EU ports. The regulation creates a unilateral European MRV system applying to ships above 5,
EU Marine Sector Needs Long-Term, Sustainable Strategy
Local and regional authorities have backed EU plans to improve knowledge and support innovation of Europe’s EUR 500 billion maritime and marine sector as part of its efforts to boost growth. The Committee of the Regions (CoR) – the EU’s assembly of local and regional governments – stresses, however,
MACS Starts New Europe-USA Service
MACS Maritime Carrier GmbH & Co., Hamburg, will start a new multipurpose monthly service between UK/North West Europe and the US Gulf/Mexico – US East Coast in January 2015. The service will employ the 34.000 dwt open-hatch/box-shaped MV Amber Lagoon and MV Purple Beach with lifting capacity of up t
Image of the Day: Bourbon Orca Chillin’ in Malta
The image shows Bourbon Orca moored in Freeport Malta. The city in the background is called Birżebbuġa. As the Mediterranean’s third largest transhipment port, Malta Freeport represents a strategic platform for the shipping lines that have chosen it as their Mediterranean hub port being located at t
VIDEO: London Gateway Operation Timelapse
DP World’s London Gateway is a unique development that combines the U.K.’s newest deep-sea container port with Europe’s largest logistics park. Only 25 miles from London, DP World London Gateway is now the closest deep sea port to the U.K.’s largest markets – London, Birmingham and Manchester. The p
Abandoned Vessel Found in Zakyntos Island
The Hellenic Coast Guard has found an abandoned vessel loaded with cigarettes in Zakyntos island while conducting a regular patrol on Tuesday, December 2nd. The Palau-flagged vessel Amaranthous is believed to had been involved in illegal smuggling of cigarettes as vessel inspection resulted in seizu
EU Funds Canary Islands LNG Storage Study
The European Union will through its TEN-T Programme back with almost EUR 500,000 (USD 617,000) a study on the storage and use of liquefied natural gas (LNG) in the Spanish Canary Islands, saying that the economically attractive LNG could help reduce road and short sea transport emissions in the arch