Green Marine
Allision Closes Gate at Kiel Canal
A UK-flagged cargo ship is reported to had allided with the sliding lock gate in the Great Northern Chamber of the Kiel Canal at approximately 11:45 a.m. on Monday, as informed by the Waterways and Shipping Office in Holtenau. The gate was closed immediately due to extensive damages that were caused
Argyll Strikes Again
The U.K. Navy’s HMS Argyll has seized more than 850 kg of cocaine in a high speed midnight chase while on Counter Narcotics Operations in the Caribbean region. It is the third drugs bust for HMS Argyll in as many months. This latest haul has a wholesale value of GBP 36 million (USD 56.4m) – in total
Skangass Strikes LNG Supply Deal with Eni
Skangass has signed a two year agreement with Eni for supply of liquefied natural gas (LNG). The LNG will be delivered from the Fluxys LNG terminal in Zeebrugge and transported by Coral Energy to Skangass’ newly opened receiving terminal in Lysekil, Sweden. The agreement for 4.6 TWh falls into one o
CMA CGM Marks Record Volume Surge
France’s CMA CGM Group, the world’s third largest container shipping company, carried 3.2 million TEUs in the third quarter of 2014, an increase of 8.3% compared to 3Q 2013, and the highest level in the company’s history, which is contributed to the lines deployed in high-growth areas and to the str
Plunging Oil Prices Driving Down Fuel Costs
Fuel costs could be cut by as much as USD 1 million a year if current price levels stay put for ships that burn 24 tonnes of fuel per day while steaming, the Baltic and International Maritime Council (BIMCO) said. This would be applicable assuming a difference from the average of the first half of 2
UPDATE: Belgium Port Workers Begin 24 Hour Strike
Port workers in Belgium have started a 24 hour strike today, 24th November 2014, which will end at midnight 00:00hrs, Inchcape Shipping Services (ISS) advised. The strike by port laborers has been called by three national unions, in protest over the erosion of index-linked pay rises and tax increase
ECSA Advises Caution on CO2 Monitoring Regime
The European Community Shipowners’ Association (ECSA) voiced their concerns in relation to data reliability and confidentiality of the future European MRV system. Namely, EU co-legislators reached an informal agreement last week on the Commission proposal for a Regulation on the monitoring, reportin
Maersk Eyes More Shares
Denmark’s A.P. Møller – Mærsk A/S has entered the second phase of its share buy-back program, which will be limited to a maximum of 75,000 A shares and 300,000 B shares valued at DKK 3.32 billion (USD 550 million). Maersk has initiated the DKK 5.6bn (USD 934m) share buy-back program back in August,
IMRF: Dealing with Media Pressure Key in SAR Operations
Media pressure, and particularly the posting of unverified stories on social media, has become a significant factor in major maritime search and rescue (SAR) events, according to Bruce Reid, CEO of the International Maritime Rescue Federation (IMRF). Planning and preparation remain the key to dealin
Lower US Demand Reshuffles West African Crude Moves
West African crude moves have shifted from the U.S. to Europe as lower demand from the U.S. has forced a reshuffle of the global crude oil markets, according to the latest tanker market review by shipbroker Poten & Partners. Namely, in order to make their crudes more competitive West African supplie
TEN Rakes In
Athens-based tanker owner and operator Tsakos Energy Navigation Limited (TEN) has reported an improved net income for the first nine months of 2014, benefiting from very strong spot tanker rates triggered by the reduction in the price of oil, the company said in its financial report. TEN recorded a
Port of Gothenburg to Boost Timber Volumes
Sweden’s Port of Gothenburg is aiming to increase the volume of paper and timber products passing through the port through dedicated forest product terminals and new rail solutions which are now in place, and closer collaboration between the port, the shipping companies and other key players linked
Barcelona among Top Three Most Productive European Ports
The Port of Barcelona received the third most productive port in Europe award for the first half of 2014, marking the first time that a port from Southern Europe has been ranked among the top three European ports for productivity, behind Bremerhaven and Rotterdam. The award, received by Santiago Gar
Image of the Day: Mercury Hitches a Ride
The convoy consisting of three main and two spare sea tugs towing Mercury jackup rig left Arkhangelsk seaport on November 14, 2014, said Rosmorport in a release. The rig is seen here making its way to the eastern part of the Caspian Sea across the Volgo-Caspian navigation canal. The towed constructi