Green Marine
Thoresen Shipping Launches New Pool
Owner and operator of dry bulk Supramax vessels Thoresen Shipping has launched a new commercial pooling service called “Thoresen Grabulk Pool”, for ship-owners and operators of Supramax and Ultramax vessels. Thoresen said members of the new pool will benefit from consolidated commercial management t
DNV GL Champions Battery Hybrid Propulsion System
DNV GL presented the specific battery hybrid propulsion system and its benefits for the offshore supply vessel Viking Lady at the Greener Shipping Summit – Ships of the Future conference held in Athens. The battery hybrid installation has been tested in sea trials, which showed that a 15 per cent re
London P&I Club Underlines Importance of Masters’ Night Orders
The London P&I Club says its ship inspection department has recently observed a number of negative findings in connection with masters’ night order books. In the latest issue of its StopLoss Bulletin, the club notes that the value of masters’ night orders should not be under-estimated in the quest f
Eurogate Handling Hamburg Süd’s New Service
Hamburg Süd shipping line has awarded the contract for handling its new EMCS – Europe-Mexico/Caribbean Service to Eurogate Container Terminal Hamburg. The first ship berthed at the terminal on November 13, 2014. The regular service links Northern Europe with Central America and is scheduled to call
Interview: Starting Up the LNG Supply Chain
Liquefied Natural Gas (LNG) is gaining ever more in its popularity as an alternative marine fuel, especially with the introduction of more stringent environmental regulations by the international maritime authorities. The benefits of LNG in cutting emissions are indisputable, however there are vario
Manila Congestion Dents ICTSI’s Solid Stats
The Philippines-headquartered International Container Terminal Services, Inc. (ICTSI) has reported port operations revenue of USD 779.2 million for the first nine months of 2014, an increase of 25 percent over the USD 624.7 million reported for the same period last year. ICTSI marked an Earnings Bef
Vroon Tackles Fuel Efficiency
Dutch Vroon’s car carriers Monza Express and Sepang Express have recently completed dry-dockings and first special surveys at two shipyards in China. Monza Express docked at the IMC-YY yard on Zoushan Island, while Sepang Express spent ten days at the Haizhou shipyard on Daishan Island. During these
Hamburg Port Marks Growth Despite Ukraine Crisis
Germany’s Hamburger Hafen und Logistik AG (HHLA) increased its revenue by 6 percent to EUR 906.7 million (USD 1.13bn) in the first nine months of 2014. Growth in the operating result (EBIT) was at 10.9 percent. The company increased its operating result to EUR 131.3 million (USD 163.7m) in the first
DP World to Spend USD 2.6 Bn on EZW Acquisition
DP World Limited (DP World) and its wholly owned subsidiary, DP World FZE, have entered into an agreement on the proposed acquisition of Economic Zones World FZE (EZW) for a total cash consideration of USD 2.6 billion. EZW is a provider of industrial and logistics infrastructure, which comprises fiv
Slight Improvement for Odfjell
Norwegian shipping and tank terminal company Odfjell expects fourth quarter of 2014 to improve from the third quarter for its chemical tanker fleet amid a slightly stronger market. The company also attributed the brighter outlook to contract renewals, lower bunker costs and a reduced cost base. With
UPDATE: OW Bunker Creditors Start Seizing Vessels
Singapore Supreme Court ordered the arrest of marine fuel delivery barge Laguna on Wednesday as a result of legal claims issued by Hin Leong in the bankruptcy case of Danish marine fuel supplier OW Bunker. According to court documents, cited by Reuters, Laguna was arrested at 12.30 a.m. Singapore ti
Maersk Line Most Reliable despite Industry-Wide Dip
Maersk Line remains the most reliable carrier in the third quarter of 2014 despite a global schedule industry-wide reliability dip, the latest report on global liner performance by maritime analyst SeaIntel shows. Maersk Line posted a score of 83.9%, compared to 85.7% in the previous quarter. Schedu
Hapag-Lloyd Expects 2015 to Be as Challenging
German transportation company Hapag-Lloyd ended the third quarter of 2014 with a positive operating result of EUR 33.1 million (USD 41.2 million). In the first nine months of 2014, Hapag-Lloyd had a transport volume of 4.3 million TEU, a year-on-year increase of around 6%. Despite this increase in t
Image of the Day: HMS Dragon Basking in the Sun
This amazing photo has been captured by the crewmembers of the tanker RFA Gold Rover, who’d earlier provided the Portsmouth-based Type 45 destroyer with a top-up of fuel on the way to San Juan. HMS Dragon is the fourth of the Royal Navy’s six Type 45 air defence destroyers, which was launched on 7 N