Green Marine
EU: Trade Restrictions Still Prevalent
The tendency to impose trade-restricting measures remains strong among the EU’s commercial partners, fuelling continuing uncertainty in the world economy, the European Commission’s annual report on protectionism shows. The 11th Report on potentially trade-restrictive measures focuses on the period b
Improved Freight Rates Boost Sovcomflot’s Earnings
Russian shipowner Sovcomflot (SCF) recorded a net profit of USD 109.1 million for the first nine months of 2014, a far cry from the company’s USD 5.3 million loss for to the same period last year. Net profit for the third quarter 2014 was USD 45.4 million, almost five times more compared to USD 9.2
GSF: Alliances Worry Shippers
The recent Containerisation International (CI) shipper sentiment survey has shown that shippers are worried about Vessel Sharing Alliances (VSA), with 70% of respondents expressing concern about the prospect of reduced competition with fewer global carriers, the Global Shippers’ Forum (GSF) reports.
BEST Readies for Mega Ships
Hutchison Port Holdings Limited (HPH) has through its subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, received three new Quay Cranes (QCs), as part of the next phase of expansion to enhance the terminal’s ability to handle mega-vessels. BEST currently has 11 QCs
Finland, Estonia to Build Two LNG Terminals
Finland and Estonia have agreed to build two liquefied natural gas (LNG) terminals as part of the Balticconnector gas pipeline project, the Finnish government said in a release. The plans include the construction of a large-scale LNG terminal in Finland, which would then provide liquefied natural ga
Greenpeace Ship Detained in Spain
The Greenpeace ship Arctic Sunrise has been detained by Spanish authorities in the port of Arrecife, Lanzarote, following last Saturday’s protest against oil drilling by Repsol in the Canary Islands. On November 15, inflatable boats from the Arctic Sunrise approached the oil drilling ship Rowan Rena
AIDAaura Makes Maiden Call at Zayed Port
The AIDAaura cruise ship visited Abu Dhabi’s Zayed Port for the first time on Monday, November 17. This is the port’s second vessel call in the cruise season 2014/15 which according to Abu Dhabi Ports Company (ADPC) will be the busiest to date. The AIDAaura belongs to German tour operator AIDA Cruis
Port of Rotterdam Joins Nitrogen Compound Reduction Project
Port of Rotterdam has joined six nature and environmental organisations and Deltalinqs, the interest group for the business sector in the port of Rotterdam, in a project aimed at cutting back the depositions of nitrogen compounds in the Rijnmond region and surroundings. Over the coming nine months,
Image of the Day: Sunset Clad MSC Armonia
MSC Armonia, the first of four MSC cruise ships to be enlarged and enhanced under the Renaissance Programme, was relaunched in Genoa on November 18th for a 10-day inaugural cruise to the Canary Islands. During the cruise, which started today, MSC Armonia will call at Marseille, Cartagena, Gibraltar,
Singapore Arms of OW Bunker Going Bust
Singapore-based Dynamic Oil Trading, has joined OW Bunker Far East Pte. Ltd., in filing for liquidation thus becoming the second subsidiary of Danish fuel supplier OW Bunker in going bankrupt. Both arms of the troubled OW Bunker have appointed KPMG as their liquidator. OW Bunker Far East and Dynamic
Slight Dip in Irish Ports’ Total Traffic Volumes
Container shipping volumes in Irish ports, Lo/Lo, rose by 9% in Q3, the Irish Maritime Development Office (IMDO) said in a release. Ro/Ro experienced a 6% growth and Break Bulk volumes grew by 16%. This is in contrast however to total traffic volumes through Irish ports which fell by 3% overall in Q
Costa Cruises Facing USD 247 Mln in Damage Claims
Costa Cruises, an arm of cruise liner conglomerate Carnival Corporation, is facing USD 274 million in damage claims as officials from Italy’s Tuscany region and the island of Gilgio take their claims to court. President of Tuscany Enrico Rossi told the Grosseto city court that the region plans to as
IMO MSC Session Opens
IMO Secretary-General Sekimizu has opened the 94th session of the Maritime Safety Committee (MSC) on Monday, which is being chaired by Mr Christian Breinholt of Denmark. The MSC is expected to consider and adopt the Polar Code and related amendments to SOLAS to make it mandatory; approve SOLAS amend
IMRF: Global Drowning Figures Alarming
The global drowning report released by the World Health Organization (WHO) is shocking, and the worldwide loss of 372,000 lives to drowning each year is both disturbing and unacceptable, the International Maritime Rescue Federation (IMRF) said in a written statement. The IMRF welcomes the report for