Green Marine
EU Bodies Getting Ahead of Themselves on CO2 Reporting ?
The International Chamber of Shipping (ICS) voiced its disappointment and concern as the European Union is about to pre-empt negotiations taking place at the International Maritime Organization (IMO) on the collection of data on CO2 emissions from ships, by unilaterally adopting a regional Regulatio
Somali Piracy Still a Burning Issue
Meeting to discuss the current situation off the Horn of Africa, the Operation Commander of the EU Naval Force, Major General Martin Smith MBE, and the Secretary-General of the IMO, Koji Sekimizu, agreed that Somali-based piracy remains a threat to international shipping, saying that there was no ro
Port of Gdansk on Track for Record Year
The total throughput realized at Poland’s Port of Gdansk over the first ten months of 2014 amounted to 26,489,411 tonnes, the result that is 4.7% higher compared to the corresponding period of the port’s record-breaking year of 2013. Since the beginning of this year, the Port of Gdansk has handled m
Gazpromneft to Double Fleet, Enter LNG Bunkering Market
Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business has, in the first nine months of 2014, exceeded sales volumes of marine fuels by 32 percent year-on-year, reaching 3.1 million tonnes. Direct-to-vessel sales were at 2.5 million tonnes, some 48 percent up on last year’s figur
Trident Alliance Boosts Ranks
Fourteen more shipping companies have joined Trident Alliance,the shipping industry initiative for robust enforcement of maritime sulphur regulations, with some of Germany’s and Denmark’s prominent shipping companies joining its ranks together with new members from Chile, Greece, The Netherlands, Sw
OW Tanker Saves Its Assets through Alba’s Takeover
OW Tanker A/S, a unit of Danish oil trader OW Bunker, has been taken over by Alba Tanker ApS, thus securing the company’s assets, according to Agence France-Presse (AFP). The agreement was reached on Wednesday, November 26th by the OW Tanker’s former management, company liquidators and lenders, AFP
Council Backs Speeding Up of IJmuiden Sea Lock Construction
The City Council of Amsterdam approved the acceleration of construction of the new large sea lock in IJmuiden, yesterday, November 26. Amsterdam mayor requested from the City Council to approve EUR 105 million (USD 132 mill) in funding for construction of the new sea lock system at IJmuiden, at the
Rotterdam Sets Port Tariffs for Next Three Years
The Port of Rotterdam says its port tariffs will rise in the coming three years at half the rate of the inflation percentage, by a maximum of 1% per year. For 2015 this means specifically that the tariffs paid by seagoing ships calling at the port of Rotterdam will be subject to 1% indexation. The [
Piraeus, Thessaloniki Port Operations Affected by Strike
The 24 hour general strike of Greek Labor Unions started today and as a result, no vessels are berthing or sailing from any Greek ports, due to the towage and port workers’ participation in the strike, ISS Greece reported. The Greek Labor Unions Confederation, Public Servants Unions Confederation, C
Stena Bulk Joins WOC
Stena Bulk has become the first Swedish shipping company to join the World Ocean Council (WOC) – a global organization that converges a diverse range of maritime operations to promote the sustainable use of the world’s oceans. In a market that encompasses the transportation of crude oil, refined pet
Platts: VLCC Rates on the Rebound
Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, Platts cited market participants as saying Thursday, November 27. The peak has been attributed to strong demand to move crude in the winter season, tight supply as charterers combine smaller cargoes and bu
CMP Investing in Malmö-Copenhagen Shuttle Service
CMP said it was investing in a new type of daily shuttle service between Malmö and Copenhagen to be launched in March 2015, thus boosting the frequency of the container transports via Malmö. According to Johan Röstin, CEO of CMP, a shortcut is now being created across Öresund that would facilitate t
Stealthgas Snags Charters, Starts Shares Repurchase
Athens-based Stealthgas Inc. has concluded chartering arrangements for nine LPG carriers, spanning from two months to three years, which will increase the company’s contracted revenues to around USD 235 million. Stealthgas says that now the total voyage days of its fleet are 88% covered for the rema
Interview: Antwerp Sets the Course for Future Growth
Belgium’s Port of Antwerp is the biggest port area in the world, covering 13,057 hectares, the equivalent of 20,000 football fields. The Port of Antwerp is situated some 80 kilometers inland at the upper end of the tidal estuary of the Scheldt river, which thanks to the latest deepening in 2010 is n