Green Marine
Navig8 Readies Suez8 Fleet
Navig8 has acquired eight Konig & Cie Suezmaxes from Gemini Tankers that will form part of a new Suezmax pool, the Suez8, comprising nine units, according to Navig8’s website. As informed, the Suez8 pool is scheduled to launch this week. The ninth vessel from the fleet is said to be chartered in by
Sustainable Shipping Initiative Sets Out Shared Commitments
International shipping coalition Sustainable Shipping Initiative (SSI), focused on uniting commercial growth with sustainable behaviours, has unanimously signed a set of shared commitments to set a clear benchmark for sustainable practices. By signing up to the commitments, each member has agreed to
Offshore Energy 2014 Exceeds Expectations
The 7th annual Offshore Energy Exhibition & Conference (OEEC) held on 28 & 29 October at Amsterdam RAI attracted 13,452 visitors representing 81 nationalities, an increase of 47% compared to last year. OEEC 2014 featured 630 exhibitors on 21,000 sq.m. floor space and 106 speakers in 22 sessions. Off
Gallery: Bulk Carrier Runs Aground in Sweden
A bulk carrier with 2 tons of oil onboard ran aground in the Baltic Sea on Wednesday morning spilling some of its cargo off Stockholm’s pristine archipelago, Swedish Coast Guard informed. The hull of MV Kurtu was punctured allowing for leakage of the oil and water ingress as the vessel listed starbo
EU Court of Justice to Deliberate on Singapore Trade Deal
The European Commission has decided to request an opinion of the EU Court of Justice on the competence to sign and ratify a trade agreement with Singapore. European Union Trade Commissioner Karel De Gucht said: ”I have been saying for months that we need to clarify the interpretation of the Lisbon T
Petro Poroshenko Bloc Proposes Privatization of Ukrainian Seaports
Ukrainian President Petro Poroshenko’s party, the Petro Poroshenko Bloc, has proposed suspending the granting of long-term concessions on operation of seaports, and instead privatizing them after the situation in eastern Ukraine stabilizes. The law is expected to outline an approach to determining w
European Ports to Promote Female Employment
The European Sectoral Social Dialogue on Ports ratified two joint papers dealing with “Recommendations on Women’s Employment in the Port Sector” and “Training and Qualifications” on 21 October. The joint paper “Recommendations on Women’s Employment in the Port Sector” expresses social partners’ conc
DryShips Closes Shares Offering
New York Exchange-listed DryShips Inc. has closed the previously announced offering of 250 million shares of its common stock. Priced at USD 1.4 dollars per share, the offering brought USD 333.7 million to the company, after deducting offering fees and expenses. DryShips intends to use the net proce
Capital Product’s Bigger Fleet Brings Higher Revenues
Capital Product Partners L.P., a tanker, container and drybulk vessel operator, has recorded USD 48.2 million in revenues in the third quarter, an increase of USD 5.5 million compared to the same period in 2013, which is attributed to the increased fleet size. The net income for the third quarter wa
Mobile App to Slash Freight Costs
Dutch companies will soon be the first in the world to be able to sign for goods via mobile phone, according to the European Shippers’ Council (ESC). At the initiative of EVO (Dutch Shippers’ Council), TLN (Transport and Logistics Netherlands) and the NBB (Dutch Inland Shipping Bureau), Beurtvaartad
ICS: Rescue of All Persons in Distress at Sea Is a Must
The rescue of all persons in distress at sea – including illegal migrants – is an obligation under international maritime law, as well as being a long established humanitarian duty, says the International Chamber of Shipping (ICS). ICS said that its member commercial ship operators are involved on a
VIDEO: Highlights of the Day Two at Offshore Energy 2014
The second and final day of the Offshore Energy 2014 event has been wrapped up in the following video bringing you highlights of the day. The event opened its doors to visitors yesterday (October 28) at Amsterdam RAI, the Netherlands. The Offshore WIND Installation and Maintenance (OWIM) Conference
Shipping Considerably Impacted by Ebola Outbreak
Despite IMO’s recommendation to keep maritime business as usual in Ebola-affected areas players from the global shipping industry have already adopted a different approach in dealing with vessels that have called in the region. Countries from Europe, the US, Latin America and Asia have introduced he
HMS Argyll Notches Second Cocaine Mega Haul
The U.K. Royal Navy warship HMS Argyl has seized cocaine with a wholesale value of GBP 10 million (USD 16.1m) from a yacht in the Caribbean. Just 24 hours after helping in the aftermath of Hurricane Gonzalo in Bermuda, the Type 23 frigate HMS Argyll’s Lynx helicopter spotted the yacht in the Atlanti