Green Marine
2M Damaging to World Trade, European Shippers Say
The European Shippers Council (ESC) has pulled the alarm bell about the excesses that could be caused by the Vessel Sharing Agreement (VSA) between Maersk and MSC. In a letter sent to the US Federal Maritime Commission (FMC) last week, ESC said that the “operators might set up an extremely damaging
Confidence in Shipping Industry Strong despite Minor Slip
Overall confidence levels in the shipping industry fell slightly during the three months to August 2014, according to Moore Stephens’ latest Shipping Confidence Survey. The confidence is, however, still higher than at the corresponding period twelve months ago, and confidence among charterers actual
Defeat of CETA Imminent?
The UK’s general trade union GMB called for the EU Commission to change course on EU-Canada Comprehensive Economic Trade Agreement for EU and Canada (CETA) ahead of the EU Canada summit to be held in Ottawa on Friday 26th September. There is the growing uncertainty as to whether CETA will be finally
Maritime Shippers Cut Green House Gas Emissions by Fifth
The total Green House Gas emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to the International Chamber of Shipping (ICS), the global shipping industry’s trade association. The global shipping industry, which transports by sea around
Zim Joins Forces with Seagoline
Russia’s Seagoline and Israel’s ZIM said they were working together on offering a new reefer service on the Black Sea set to start from the first week of November. The cooperation will involve transport of an agricultural seasonal produce between Turkey, Egypt and Israel to port of Novorossiysk in R
Russia Set to Develop Crimean Port Infrastructure
Russia is considering the aspects of reunification of Crimea with Russia within the framework of modernizing its Azov-Black Sea port infrastructure, Russia’s President Vladimir Putin said. “The existing and future port terminals in Crimea and Krasnodar Territory should complement each other; we shou
2M Itinerary Revealed
The improved East-West service itinerary that sprung out of the vessel sharing agreement between container shipping giants Maersk Line and Mediterranean Shipping Co, known as the 2M, has been released. Namely, MSC and Maersk, intend to operate six services on the Asia-north Europe trade lane, five b
Fire Destroys Crane at Ghent Container Terminal
Vessel operations were suspended at the Ghent Container Terminal, Belgium following a fire incident that destroyed the terminal’s container crane on September 18th. According to transportation company Containerships Ltd, there were no injuries to the staff on duty as the impact was limited to the cr
EU Ports Reform Turning into an Empty Shell?
The scope of the EU Regulation on Market access to port services and financial transparency of ports could be cut extensively as the text becomes ever more weakened in the EU Council of Ministers, according to the European Community Shipowners’ Association (ECSA). In March, MEP Knut Fleckenstein, th
Gazprom Delivers Second Batch of Novy Port Oil
The second tanker carrying 27.2 thousand tonnes of oil produced at the Novoportovskoye field at the Yamal peninsula (in the Yamalo-Nenets Autonomous District), reached north west Europe and delivered the cargo on September 17, Gazprom reports. According to the company, the new type of oil, “Novy Por
Captain and Chief Officer of Grounded Ferry Arrested
The captain and the chief officer of the Europalink ferry shipwrecked near the islet of Peristeres northeast of Corfy have been arrested by the Greek authorities, the Maritime Operational Centre of the Ministry of Merchant Marine reports. The Italian-flagged ferry was on her regular route from the G
NewLead Expanding Handysize Fleet
NewLead Holdings Ltd. has taken delivery of the “Newlead Castellano”, a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, on September 16, 2014. The company said that Newlead Castellano was trading on the spot market and was expected to generate approximately $1.7 million EBITDA per year
Radioactive SUV Found Aboard Carrier in Vladivostok
Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-ro car carrier on September 11, 2014, upon discovering one of the vehicles aboard emitted radiation. A Mitsubishi Pajero was part of the shipment of second-hand cars and trucks from Japan. The SUV w
Iran Open to Baku-Anzali Line Revival
Iran is ready to re-establish the Baku-Anzali shipping line to improve its ties with Azerbaijan. Reza Mansour, head of the Anzali Trade-Industrial Free Zone Organization said re-launching the shipping line could strengthen the ties between the two countries, tourism especially, Fars News Agency repo