Green Marine
Silk Bidco Wants Rest of Hurtigruten’s Shares
Silk Bidco AS, a joint venture indirectly owned by Home Capital AS , Periscopus AS and investment funds managed by TDR Capital LLP, has made a voluntary cash offer for 100% of the shares in the Norwegian ferry and cruise company Hurtigruten ASA, where the joint venture already controls approximately
UK Halts Support to Mediterranean Migrant Rescues
The U.K. Government has decided to end British support for search-and-rescue operations for migrants in danger of drowning in the Mediterranean, in what The Guardian described as a ”quiet announcement”. Mare Nostrum, the Italian-funded search and rescue operation focused on helping people whose boat
VIDEO: Highlights of the Day One at Offshore Energy 2014
The following video shows the highlights from the first day of the Offshore Energy 2014 event that opened its doors to visitors yesterday (October 28) at Amsterdam RAI, the Netherlands. Offshore Energy 2014 was opened by Dr. María de Lourdes Melgar Palacios, Under Secretary of Hydrocarbons of Mexico
Gallery: Independence on Display in Klaipeda
Liquefied natural gas (LNG) storage vessel Independence, built for the Klaipeda LNG terminal, was officially welcomed yesterday in Klaipėda, Lithuania. The LNG storage vessel was built for Lithuania in South Korea by Norwegian company Höegh LNG in association with South Korean company Hyundai Heavy
Drewry: Carriers Urged for Transparency on Low-Sulphur Surcharges
Carriers will need to provide transparent cost calculations to exporters and importers to justify the cost surcharges which they have announced from January 2015, according to Drewry Shipping Consultants. Carriers do face additional costs to meet the tighter pollution rules Drewry says, but may have
Finnlines Targeting Polferries
Finnish ferry operator Finnlines Plc intends to participate in the negotiation procedure when re-opened by the Ministry of Treasury of Poland on the sale of the shares of Polferries. The principal scope of Polferries’ business is the provision of international ferry transport services, as well as or
Record Number of Applications to Sail Northern Sea Route
This summer saw a record number of applications for permission to sail the Northern Sea Route, Wathernews Global Ice Center (GIC) said in a report for 2014. Russia’s Northern Sea Route Administration (NSRA) received over six-hundred applications for permission to transit the Northeastern passage thi
BigLift Shipping Names Happy Star
The naming ceremony for BigLift Shipping’s new heavy lift vessel Happy Star, built by Ouhua Shipbuilding in China, was held today at Huisman China’s yard in Xiamen, the company said. The ceremony was performed by Mrs Leanda Breakell, spouse of Mr. Greg Breakell, Managing Director of ThyssenKrupp Ind
Platts: Bullish Sentiment Prevailing in Atlantic Panamax Market
Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh stems on offer and trading was slow, Platts quoted sources saying Monday. The grain route from New Orleans to Qingdao, China, basis 60,000 mt, was unchanged at USD 44.50/mt. Tonnage rema
Fifteen Crew Evacuated from Safe Bristolia
Fifteen non-essential crew out of 53 on board from Prosafe’s accommodation unit Safe Bristolia were airlifted to safety after a tow line snapped on Sunday leaving the unit adrift some 40 nautical miles west of Bergen, Norway, according to Norwegian New Agency (NTB). The floatel was under tow on Sund
New Investments Boost DP World’s Volumes
DP World Limited handled 44.8 million TEUs (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9.0%. On a reported basis gross container volumes grew by 10.1% with new volume at London Gateway
Latvia Authorizes Korean Register
Korean Register (KR) – an IACS member classification society – has been authorized as a “recognized organization” of the Latvian government to deliver statutory services. KR is now able to conduct relevant surveys, audits and issue certificates to Latvian flagged ships for SOLAS, MARPOL, ITC, ICLL,
Secondhand Market Sparking High Investments
In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has almost exceeded last year’s total already, with a reported USD 19 billion having changed hands, according to Clarksons. “Due to a growing sense of optimism that market conditions would ev
Vessel Operating Costs Expected to Rise
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by international accountant and shipping consultant Moore Stephens reveals. The survey is based on responses from key players in the international shipping industry, predominantly shipowners