Green Marine
Capital Puts Tankers to Work
Capital Product Partners L.P. has secured one+one year charter employment for three of its Chemical/Product Tankers : M/T Avax, M/T Agisilaos and M/T Alkiviadis. The 36,760 dwt Alkiviadis has been chartered by CSSA S.A., a fully owned subsidiary of Total S.A., for one year (+/- 30 days) at a gross d
Finland, Russia Ink Deal on Icebreaking Cooperation
Finland and Russia signed an agreement on 15 September providing a framework for cooperation in icebreaking services, Finland’s Ministry of Transport and Communications said. The agreement was signed by Harri Pursiainen, Permanent Secretary of the Finnish Ministry of Transport and Communications, an
Drowning of 500 Migrants in the Med Deliberate, Survivors Say
Over 500 migrants are believed to have been deliberately drowned by human traffickers this weekend in the Mediterranean Sea while trying to reach European shores. Investigators from the International Organization for Migration said that they have obtained eyewitness testimony of a tragic incident in
Brightest STAR in Yachting Sky
Lobanov Design and BMT Nigel Gee have presented an avant-garde yacht design named Project STAR. Measuring 132m in length and over 60m in height, STAR’s technical development features a symmetrically fore and aft double ended hullform, with all-electric architecture and fully azimuthing propulsion. C
Port Owners and Operators Overwhelmingly Optimistic
The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed the most optimistic outlook on investment since the annual industry survey began in 2010. 93% of port owners and operators are expecting capital expenditure budgets to
Russia Turns to Domestic Shipbuilding
Russia plans to boost its shipbuilding capability by creating a shipbuilding cluster for construction of vessels and marine equipment that will attract foreign investments. According to the Russian Government’s decree On the development of shipbuilding in Russian Far East, issued last week, the clus
Fewer Yards Delivering Ships on Global Scale
The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered together with variations in the number of yards delivering ships (1,000 GT and above), according to the latest report on shipbuilding issued by London-based Clarksons. “In 2005, 334 yards de
First Non-Russian Cruise Ship Traverses Northeast Passage
The Hanseatic, one of the two expedition ships of Hapag-Lloyd Cruises, has become the first non-Russian cruise ship to navigate the Northeast Passage successfully. After a total of 6,032 nautical miles, the ship, which has the highest ice class for passenger ships, sailed into port at Bodö/Norway on
Interview: Staying ahead of the Game
As more and more cargo arrives to one of Europe’s leading ports, the Port of Hamburg, the port authorities have recorded an above average growth compared to their neigbouring competitors, especially in the container traffic. 6.6 % growth seaborne cargo handling in 1H Various factors have contributed
Holland America Reveals Name of Its Largest Ship
Holland America Line revealed the name of its new 99,500-ton cruise ship slated for delivery in February 2016 will be ms Koningsdam. “In choosing the name Koningsdam, we are honoring our rich Dutch heritage while reflecting that we’re entering a new era as a company,” said Stein Kruse, chief executi
Drewry: Tanker Market to Remain Volatile
The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, according to the Shipping Insight report published by shipping consultancy Drewry. The index was held back by weaker tanker and LPG charter rates, but overall earnings would have fallen f
MAIB: Inadequate Use of ECDIS Causing More Accidents
The grounding of the chemical tanker Ovit on the Varne Bank in the Dover Strait on 18 September 2013 was caused by poor use of electronic chart display and information system (ECDIS), according to a report issued by the UK’s Marine Accident Investigation Branch (MAIB). As explained by the report, Ov
Steel Cut for Viking Sea
Italian shipbuilder Fincantieri has held the steel-cutting ceremony for Viking Sea at its Marghera shipyard. Viking Sea is the second ship in order of acquisition that Fincantieri is building for Viking Ocean Cruises. Fincantieri is also building Viking Star, with delivery scheduled in Marghera in s
Russia Sanctions Cause Concern for Swedish Trade
Swedish trade may suffer a huge blow as a result of ever more tense relations between Russia and the EU that have been further tightened by the most recent wave of economic sanctions targeting Russian companies and officials. The latest batch, published on September 12th in the EU Official Journal,