Green Marine
DFDS Suspends New Route amid EU-Russia Tensions
Danish shipping company DFDS decided to suspend the newly launched service between Travemünde in Germany and Klaipeda in Lithuania amid dropping freight volumes on the route caused by the current trade dispute between the EU and Russia. ” Route operations will therefore be suspended and customers wi
Zeebrugge Marks Spike in Freight Volumes
During the first half of 2014, Belgium’s Port of Zeebrugge freight tonnage surpassed 22 million tonne mark, marking an increase of 3.7 percent compared to the first semester of 2013. 22 Mln tonnes total freight handled at the port The best results were set in the container sector and the roll-on/rol
Shipowners Want More Money to Call at Libyan Ports
Reopening of the Libyan ports Ras Lanuf and Es Sider that were blocked for about a year by federalist rebels, along with the restart of crude oil transport will see a spike in Mediterranean Aframax freight rates, according to Platts. The first cargoes have already been shipped from the two ports and
UK Chamber of Shipping Members Want Lobbying Intensified
The latest UK Chamber of Shipping’s annual survey has revealed that its members want more lobbying to be done by the Chamber, especially within the Parliament and Government bodies. The survey was designed to ask members what area of the Chamber’s work they value most, and what could be improved to
CMA CGM Kicks Off Reunion Island Project
Visit of the President of the French Republic Mr. François Hollande to the Reunion Island, accompanied by Rodolphe Saadé, Vice-Chairman and member of the CMA CGM Group’s Board of Directors, marks the first step in a push to turn Port Réunion into CMA CGM Group’s strategic maritime hub in the Indian
Russia’s Food Ban Showing Its Face
Russia’s ban on food imports from Western countries is starting to be felt among shippers, the first being Danish Maersk Line, according to which significant amounts of produce out would need to be returned to its original senders. “Maersk Line customers were completely unprepared for these sanction
CMA CGM Joins Forces with Box Trio
French liner company CMA CGM S.A. announced a co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade commencing from Shanghai in early of November. The new service
Sovcomflot Loading First Oil from Novy Port Field
Sovcomflot’s product carriers SCF Yenisey and SCF Pechora started the transportation of first oil shipment from the Novy Port field in the Gulf of Ob (Yamal-Nenets autonomous region), in August 2014. At this moment, SCF Yenisey is being loaded while SCF Pechora is being prepared for cargo operations
Diana Expands Fleet, Agrees on New Charters
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has through a separate wholly-owned subsidiary taken delivery of the M/V G. P. Zafirakis, a 179,492 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in Jun
Annual Global Cost of Piracy Measured in Billions
The global cost of piracy, including the cost of piracy off eastern Africa, remains uncertain, with existing assessments providing divergent estimates and conclusions. Studies carried out by RAND Institute and the IMB have estimated piracy costs to range between US$1 and US$16 billion per year, acco
Statoil to Deliver LNG to Klaipeda Port
Lithuanian natural gas supplier and trader UAB LITGAS, part of Lietuvos Energija energy company group, signed a LNG supply contract with Norwegian company Statoil ASA to ensure continuous operation of the Klaipėda LNG terminal, LITIGAS said in a release. The contract also covers possibilities of LNG
URALCHEM Takes Controlling Stake in Ventamonjaks Terminal
URALCHEM, OJSC, one of the largest producers of nitrogen and phosphate fertilizers in Russia, has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in
European Freight Volumes Build Up
The Port of Gothenburg six-monthly report published today shows that European freight volumes strengthened during the first half of the year whilst global container trade fell. Around 30 per cent of Swedish imports and exports pass through the Port of Gothenburg. Fluctuations in the economy are refl
Shvabe Holding Testing Ice-Cutting Laser Cannon
Specialists at Russia-based Shvabe Holding, part of Rostec Corporation, are ready to test their latest creation, a ship-mounted laser cannon that can cut through ice. “We developed this ship-mounted laser for exploration and development in the Arctic, which has difficult ice conditions where platfor