Green Marine
DFDS Continues Scotland-Belgium Freight Service
DFDS Seaways, the Scottish Government and Forth Ports have agreed to continue the Rosyth-Zeebrugge freight shipping service under the management of DFDS Seaways. Rosyth-Zeebrugge will continue to be the only freight service between Scotland and Continental Europe. DFDS Seaways will maintain its exis
Navios Midstream Launches IPO
Navios Maritime Midstream Partners L.P., a recently formed wholly-owned subsidiary of tanker owner Navios Maritime Acquisition Corporation, has commenced an initial public offering of 8,100,000 common units representing limited partner interests in Navios Midstream. Navios Midstream expects to grant
Marsur Ready for Action
The Maritime Surveillance (Marsur) project, encompassing seventeen European Union Member States plus Norway, has reached an operational level of maturity, the European Defence Agency (EDA) says in a release. One of the longest-running projects undertaken by the EDA, Marsur is a technical solution th
Antwerp Port Looking For LNG Bunkering Station Operator
The Antwerp Port Authority has issued an official Request for Proposals to appoint a candidate to operate the LNG bunkering station for the period of five years. During this period the operator will be responsible for providing LNG to barges in Antwerp and for maintenance and promotion of the facili
Failing to Tackle Migrants Flow Brings Problem Closer to Home
The announcement of the UK Foreign Office that the UK will no longer take part in search and rescue operations in the Mediterranean sea from last week has raised many eyebrows. The International Chamber of Shipping (ICS) commented on the decision saying that the rescue of all persons in distress at
Image of the Day: Morning Rounds in Draugen Oil Field
The crew of the Ocean Pride, Atlantic Offshore’s offshore supply vessel, has made this amazing morning photo in the Draugen oil field. The Draugen oil field is located in the Norwegian Sea and has a sea depth of 250 metres (800 ft). The field is operated by AS Norske Shell and has been developed wit
Remains of Last Missing Concordia Victim Found
Salvage workers have found human remains of what is believed to be the last victim of the ill-fated cruise ship Costa Concordia that sank in January 2012, according to Italian Coast Guard cited by Reuters. The remains were found on deck eight, previously inaccessible by divers. The sinking of Costa
SNCM to File for Bankruptcy
Debt-stricken French ferry operator Société Nationale Maritime Corse Méditerranée (SNCM) plans to file for bankruptcy, which might enable the company to avoid paying back the EU aid. According to a court ruling from September, SNCM was ordered to pay USD USD 550 million of French state aid. Accordin
Dry Bulk Market Set for Recovery
The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the 2014 is set for adjustment, with London-headquartered ship management company Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight r
Extended Waiting Times Expected at Kiel Canal
Ships transiting the Kiel Canal may be facing extended waiting times due to scheduled maintenance works at Brunsbüttel locks announced by the Kiel Canal authorities for the upcoming weeks. During daytime the Big Southern Lock will be closed due to diving and drilling works from 4th to 6th of Novembe
Royal Caribbean Strikes Share Buyback Deal
Royal Caribbean Cruises Ltd. has agreed to repurchase the company’s 3.5 million shares of common stock held by Awilhelmsen AS (Awilhelmsen), for a price of USD 67.45 per share. The repurchase is expected to close on November 6, 2014. Following the sale of common stock, Awilhelmsen, together with its
Northern Sea Route Traffic Mostly One-Directional
The Arctic Institute has released the report ”Arctic Shipping: An Analysis of the 2013 Northern Sea Route Season,” in which the institute examines the likelihood of the North Sea Route rivaling traditional shipping routes and complementing the Suez Canal route as a key waterway for trade to and from
Infographic: Maritime Trade Laws
Since over 90% of the entire World’s trade occurs by the sea, it is important for its entirety to be carefully preserved in order to ensure that successful trade is not threatened. Numerous developments were made in these laws that established power over things like general security and trading prac
Dunkerque Port Choses LNG Project Partners
France’s Dunkerque Port has chosen a consortium of Dunkerque LNG, Air Liquide and Exmar for the setup of a marine bunkering and on-land supply chain of small-scale LNG from the port of Dunkirk. Following a detailed analysis and the finalisation of the project, an agreement will be signed with this c