Green Marine
UK Ministry of Defence Awards £3.2 Billion Contracts
The UK Ministry of Defence has awarded £3.2 billion (USD 5.18bn) of contracts to support the management of the UK’s naval bases. The contracts will also cover the maintenance and repair of the Royal Navy’s warships and submarines. Babcock, which manages Her Majesty’s Naval Bases at Devonport and Cly
UASC: Shipping Alliances Will Stifle Smaller Operators
John Hinge, President and CEO of United Arab Shipping Co. (UASC) believes shipping alliances will help the box markets on what he called ”a slow journey to recovery,” stabilising the freight rates along the way, the Wall Street Journal reports. UASC President has projected a bright outlook for major
Converto Sticks with Shipping
Norway’s Converto Capital Fund, in which Aker ASA holds 99.8 per cent of the invested capital, has decided to remain in the shipping business and scrap the idea of an exit from American Shipping Company ASA (AMSC) through a contemplated secondary offering. The decision came after Converto gained con
Skangass Building LNG Terminal in Pori, Finland
Sweden’s Skangass has decided to build a new import terminal for LNG in Pori, helped by 185 million NOK investment support from the Finnish Government. The terminal is planned to be finished in 2016. Once completed in autumn 2016, the terminal will have a capacity of 30,000 cubic meters. Skangass ha
Hamburg Süd Christens Cap San Antonio
On Friday, September 26, Hamburg Süd christened its latest container ship “Cap San Antonio” at the Cruise Terminal of Le Havre, France, with customers and business partners. The “Cap San Antonio” is one of a series of six new ships of the “Cap San” class built for Hamburg Süd at the Hyundai Heavy In
Car Carrier Duo Collide in Zeebrugge
Two car carriers collided on Monday afternoon, September 29th in the Zeebrugge Pierre Vandamme lock, Belgium. Cyprus-registered car carrier Neckar Highway was heading from Grimsby bound for Malmo when it collided with Singapore-flagged Baltic Breeze. No injuries have been reported. After the acciden
Freight Rates Staying under Pressure
The latest reports suggest that the trend of declining freight rates that started last week will continue as carriers are starting to push back October general rate increase until China’s Golden week. Shanghai Containerised Freight Index reveals Asia-Europe trade prices are on their lowest since Oct
VIDEO: Clash of the Giants
Hapag-Lloyd’s vessel Colombo Express collided on Monday morning, September 29th with containership Maersk Tanjong while entering the Suez Canal at Port Said. “According to preliminary findings, there are no injuries and no damage has been done to the environment. Both vessels were able to continue o
Port of Antwerp Bolstering US Partnerships
A delegation representing the Port of Antwerp, Belgium, is planning to visit the Port of Houston, Texas, U.S.A., to sign a Memorandum of Understanding (MoU) and thus further strengthen the trade relations between the two regions. The Port of Antwerp says that there are striking similarities between
Nordic Passat Rescues 150 off Sicily
Nordic American Tankers Limited’s vessel the Nordic Passat performed a rescue operation involving 150 people in the Mediterranean last Saturday afternoon, September 27, 2014. The refugees were in a wooden boat with engine trouble, the company said in a release. Nordic Passat was in an area South Eas
Clydeport Fined over Flying Phantom Deaths
A port operator Clydeport Operations Ltd will have to pay fines totalling £650,000 (circa USD 1.05 million) for health and safety breaches that resulted in three deaths in 2007. In December 2007 the Flying Phantom was one of three tugs assisting the 70,000-tonne cargo ship Red Jasmine as it made its
Video: P&O Ferry up in Flames
P&O Ferry’s Pride of Canterbury travelling across the English Channel (La Manche Channel) from Dover, England, to the French city of Calais caught fire at around 8 am British Summer Time (BST), September 29, according to the BBC. The fire started in the ferry’s engine room as the vessel was docking
China Lifts Foreign Investment Restrictions in Shanghai Free-Trade Zone
Chinese government is set to ease restrictions on foreign investments in a number of industries, including the shipping sector, in Shanghai’s free-trade zone, The South China Morning Post reports. Earlier this month China’s Premier Li Keqiang’s said that market forces ”would be allowed to play a dom
Navtor and AWT Pulling Together
Norway’s e-navigation developer Navtor has signed an agreement with the USA-headquartered maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services to offer route planning and decision making tools. As a result of the deal, AWT’s