Green Marine
Ro-Ro Ship Runs Aground off Kinsarvik, Norway
The 107- meter long Multi-Purpose/Ro-Ro cargo ship Norrland with 12 crew onboard is reported to have hit a sandy shallow causing the vessel to run aground offshore Kinsarvik, Norway. The Norrland was heading to Boliden Odda from Haugesund when the grounding occurred. There were no injuries or pollut
U.S. Navy Helicopter Crashes off Djibouti
A U.S. Marine Corps CH-53E Super Stallion helicopter assigned to the 22nd Marine Expeditionary Unit (MEU) crashed at 2:00 p.m. (GMT), September 1, at sea in the Gulf of Aden as it attempted to land aboard USS Mesa Verde, the U.S. Navy reports. All 25 persons aboard the helicopter; 17 Marines and eig
Ecoships Showcases Flower-Inspired Bulker Design
Ecoships, the technical shipmanagement arm of Newport Shipping Group, has introduced a next generation bulk carrier design, developed to set the standard in ecologically compatible marine transportation. Inspired by the low friction to water flow and self-cleaning properties of the lotus flower – a
DNV GL Boasts Strong Interim Results
The recently formed DNV GL Group recorded solid results for the period of six months ending June 30, 2014. The interim report shows the Group had a strong performance and a proforma revenue growth of 11%. “The first half of this year has been both exciting and challenging for the newly formed DNV GL
Subdued Demand Affects Goldenport Holdings’ Results
Goldenport Holdings, an international shipping company that owns and operates a fleet of dry bulk and container vessels, posted a net loss of $1.4m for the six months ending June, down from $8.3m. Goldenport said trading during the second quarter was softer than in the first quarter due to continued
Baltic Aframax Rates Nosediving
Last week saw a distinct lack of activity for Aframaxes in the Baltic Sea, ultimately ending with a sharp downturn in Baltic-UK Continent 100,000 mt rates, Platts reports. Platts says that the rates on the route plunged Worldscale 25 to be assessed at w65 Friday, which equates to USD 6.10/mt, the lo
VIDEO: Future Ulyses Slips into the Water
Norwegian shipyard Kleven hosted a launching ceremony on Saturday, August 30 of the 107-meter long Exploration Support Vessel currently being built at Kleven Verft in Ulsteinvik. The high specification vessel is designed especially for long expeditions in rough waters, and blends a robust, hard-work
Grimaldi Beefs Up Southern Express
Grimaldi Lines, the Italian RoRo ship owner represented by Niels Winther in Denmark, is expanding its Southern Express route with weekly departures from Europe to West Africa. As of September, Grimaldi Lines is increasing the frequency of its Southern Express line, providing weekly departures from E
Have Your Say on Green Agenda
Growing concerns about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. The Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling, are working together to investigate perception
First MOAS Rescue Mission Bears Fruit
Malta-based Migrant Offshore Aid Station (MOAS) successfully coordinated two rescues at the Mediterranean Sea on Saturday, August 30, under the guidance of the Maritime Rescue Coordination Centre of Rome. On Saturday morning, MOAS was directed by MRCC Rome to a vessel in distress: a wooden fishing b
Rotterdam Port Congestion Easing Up
The congestion which troubled the Rotterdam container sector during the past few months seems to be decreasing, the Port Rotterdam Authority reports. Inland shipping operators report that increasingly more ships are being handled on schedule. According to ECT, the situation is now under control. Sec
Volumes up, Profit down at CMA CGM
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014. In the second quarter, in a market environment shape
Sovcomflot Navigates Back to Black
OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year. SCF’s interim
Sevan Drilling to Cancel Newbuild at Cosco?
International drilling contractor Sevan Drilling may cancel its order for offshore platform “Sevan Developer” being built at China’s Cosco Shipyard, the company said in its second quarter results. “The soft ultra-deep water market resulting from the pause in spending and subsequent lack of awards fr