Green Marine
Siem Offshore Handed Contract Cancellations
Norwegian support vessel operator Siem Offshore Inc. has received notices of termination for three vessels that were booked for work in 2015. Karmorneftegaz SARL has sent the termination notices in respect of seasonal work in the Kara Sea for the two Anchor Handling Tug Supply vessels Siem Topaz and
Time to Invest in Port Infrastructure
Although levels of unscheduled downtime have dropped, some 74 % of port owners and operators are experiencing unscheduled downtime, as indicated in Trelleborg’s latest Barometer Report. The report shows that port owners and operators still aren’t placing the necessary importance on placing whole lif
Asia-Mediterranean Rates Plunging
Since September, the demand for shipping along the Asia-Mediterranean routes has fallen sharply, and while carriers have countered this by cutting back capacity it has been insufficient to stop the inevitable erosion of market rates, according to Drewry’s latest report. In percentage terms, the 11%
Concordia Maritime and Stena Bulk Pool Tankers
Concordia Maritime and Stena Bulk have launched a pool of four P-MAX tankers for a period of one year. The pool will include Stena Perros and Stena President, for which the companies previously signed time-charters, as well as Stena Penguin and Stena Primorsk. The four tankers will transport heavy p
ICS: Only IMO Should Deal with Shipping Emissions
The International Maritime Organisation (IMO) is developing additional measures to reduce CO2 emissions from shipping, and the UN Climate Conference in Lima (December 1-12 ) needs to maintain its support for IMO as the principal forum for addressing emissions from maritime transport, which cannot be
Rotterdam Port Sees Second Largest Cocaine Haul
On Friday, November 28, Rotterdam port police discovered around 3,000 kilos of cocaine hidden in a container carrying cassava root from Costa Rica, the Dutch Public Prosecution Department (Openbaar Ministerie) said in a release. The drugs separated in 3003 packages with a gross weight of 3,500 kilos
Caterpillar Performs First Dual Fuel Engine Retrofit in Hull
Caterpillar Marine has completed the commercial marine industry’s first dual fuel engine retrofit conversion in hull onboard the Coral Anthelia, an Anthony Veder LNG carrier vessel. The MaK M 43 C diesel engine was retrofitted to the 6 cylinder M 46 dual fuel platform, with each cylinder offering 90
Piraeus, Cosco Ink Multimillion Investment Deal
Piraeus Port Authority (PPA) signed a revised EUR 230 million concession agreement with and Chinese company Cosco Pacific Limited, through its subsidiary Piraeus Container Terminal (PCT) on Thursday, November 27th. The deal will see EUR 230 million ( around USD 286 million) invested into the constru
Container Weighing Made Mandatory
In the future, loaded containers must not be taken on board a ship until their weight has been determined.
Mainlane Container Volumes on the Rise
Mainlane container trade volumes are expected to grow by 8% on the peak leg Far East-Europe route and by 6% on the peak leg Transpacific route in full year 2014, according to London-based shipbroker Clarksons. Stricken by global financial crisis, the global container volumes plunged in 2009, trying
Maersk Broker Considering Mergers
In the wake of revealed merger plans and alliances that swept across the shipbroking market over the recent period, ship brokerage firm Maersk Broker may also be swayed into the trend. The broker firm’s Chief Executive Anders Hald told Reuters that Maersk Broker is also looking into possible mergers
BIMCO All for Cutting Red Tape in Shipping
BIMCO has supported a report identifying ways to reduce red tape for shipping which will be presented to the International Maritime Organization (IMO) next week in London. The report comes from the Ad Hoc Steering Group for Reducing Administrative Requirements (SG-RAR), set up by the IMO in 2012, an
Transfennica Cancels Ro-Ro Route
European shipping company Transfennica has decided to cease its “Motorways of the Sea” Ro-Ro service between Bilbao, Portsmouth and Zeebrugge by the end of December 2014. The decision stems from the upcoming SECA legislation to enter into force on 1 January 2015, which will result in increasing fuel
Mein Schiff 3 First to Test Puerto del Rosario’s New Pier
The cruise liner Mein Shiff 3, one of the biggest in the world with capacity for 2,500 passengers and 1,000 crew, was the first to inaugurate the new cruise ship pier in Puerto del Rosario, Fuerteventura, Canary Islands. The pier was extended by Acciona by applying a world-first technique based on t