Green Marine
LR Issues Offshore Collision Guidance Notes
Lloyd’s Register Energy has launched new offshore collision guidance notes for the marine and energy industries to assist owners, operators, and designers of offshore units with identifying potential collision scenarios, assessing the relative risks and conducting numerical analysis, establishing re
Southampton Port Sets Stage for Heavyweights
Associated British Ports’ Port of Southampton is ready to handle the biggest ships in the world after the dredgers have completed a GBP 40 million (USD 63.7m) project to deepen and widen the approach channel linking international shipping lanes to the Port. The dredging project ensures ships with a
Platten: Shipping Crucial in Scotland’s Healing Process
The shipping industry needs to play a significant role in that healing process in Scotland, Guy Platten, Chief Executive of the UK Chamber of Shipping, said while speaking at a gathering of business leaders at the Scottish Shipping Benevolent Association’s annual dinner. Platten criticised the UK Go
SBM Offshore Settles Bribery Case
Dutch SBM Offshore has agreed to a USD 240 million out-of-court settlement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged payments of bribes to sales agents in Equatorial Guinea, Angola and Brazil in the period from 2007 through 2011. The United States
BIMCO’s Bunker Terms Get Green Light
BIMCO’s Standard Bunker Contract 2015 was approved for publication at the organisation’s bi-annual Documentary Committee meeting held in Copenhagen on 7 November, BIMCO said. The objective of the new BIMCO bunker terms, as explained by the organization, is to provide carefully thought through terms
DP World London Gateway Adds New Services
DP World London Gateway has marked its first year in business with a series of new deep-sea container shipping services provided by the Mediterranean Shipping Company (MSC), Hamburg Süd, and the Chilean line CSAV. The MSC’s service from South Africa to UK/Northwest Europe will make a direct London G
ITIC Warns of Confidentiality Agreement Traps
UK-based indemnity insurer ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. According to ITIC, the use of such agreements has always been common when parties are considering doing business but need to pro
New Reefer Service Links Russia with Turkey and Israel
Russia’s port operator NCSP Group has reported on the opening of a new container service by ARKAS Line – the Reefer Express service (REX) connecting Turkish ports Mersin and Limas and Israeli ports Haifa and Ashdod to Novorossiysk. The service will be facilitated by MV Michigan Trader and MV Warnow
Höegh Autoliners in Talks with Wallem Shipmanagement
Höegh Autoliners is in talks with Wallem Ship Management to expand their cooperation by establishing a joint venture company in Singapore that will handle technical management of all Höegh Autoliners’ owned vessels. Wallem Ship Management already manages nine Höegh vessels. “The majority of the owne
Long Range Tanker Market on Rebound
There has been a significant change in fortunes for struggling long range (LR) tankers in recent months, according to UK-based shipbroker and consultant Gibson. The second quarter figures indicate a switch from the first half’s spot earnings of USD 11,000/day, in which both LR2 and LR1 earnings in t
Scorpio Tankers Pounces on Newbuildings
Tanker owner Scorpio Tankers has reached an agreement to purchase two LR2 product tankers currently under construction at Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) for approximately USD 60 million each. These vessels are expected to be delivered in January 2015. Scorpio has not rev
Stena and Mann Lines Link Up on North Europe Routes
Stena Line and the shipping, logistics and forwarding company Mann Lines started a new cooperation on their North Sea and Baltic Sea routes on November 1. The new cooperation revolves around three key points: a fixed space charter to Stena Line on Mann Line ship; Mann Lines will act as sales agent w
Maersk Satisfied with Results
Danish shipping giant Maersk Line delivered a profit of USD 685m, improving by USD 131m compared to Q3 2013, according to the third quarter results of the Maersk Group. Maersk said that the improvement was driven by lower unit costs through the continuous focus on operational cost savings mainly fro
European Maritime Industry Preps for 2050
The European maritime industry launched the European Research Association “Vessels for the Future” with its first general assembly held on November 5, 2014. Looking towards 2050, Europeans will be using their maritime and inland waterways space for transport; offshore food production, energy generat