Green Marine
Interview: Liverpool2 Going Full Steam Ahead
The United Kingdom-based Peel Group launched an unprecedented Ocean Gateway Project in 2008, announcing more than 50 projects over 50 years with £50 billion worth of investments. The project aims to modernize and further expand the strategic corridor connecting Manchester, Liverpool and surrounding
Ocean Container Sector Cutting Its Carbon Footprint
BSR’s Clean Cargo Working Group’s 2014 “Global Maritime Trade Lane Emissions Factors” report—which provides data from more than 2,900 ships, representing around 85 percent of global ocean container capacity—indicates that average carbon-dioxide emissions for global ocean container transport have dec
Lloyd’s Register Takes Rules for Offshore Units Step Forward
Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes are presented to indu
UPDATE: Sunken Cargo Was Bound for EnBW Baltic 2 Wind Farm
The offshore wind farm turbine parts that sank last Wednesday, together with the barge they were loaded on while under tow in the Baltic Sea, were intended for EnBW’s Baltic 2 offshore wind farm. The sunken barge was carrying 4 working platforms for the EnBW Baltic 2 wind farm, according to German u
Moller-Maersk Upgrades 2014 Outlook Following Stellar Results
Denmark’s shipping and oil group A.P. Moller-Maersk has upgraded its 2014 outlook following the release of Q2 results revealing that the company’s profits nearly tripled. The Group says that the earnings increased following the sale of majority stake in its retail business, higher freight volumes an
Ireland: 4 out of 5 Freight Segments Up in Q2
Irish shipping and port activity rose by 2% in the second quarter of 2014 when compared to the corresponding period of 2013, according to the latest quarterly iShip Index published today by the Irish Maritime Development Office (IMDO). The latest analysis also indicates that four of the five princip
TSA Members Push for Higher Rates
Member container shipping lines in the Transpacific Stabilization Agreement (TSA) are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1. Carriers had filed increases in their individual tariffs in late
Pareto JGO Shipbrokers Takes Over Derrick Offshore
Two top shipbrokers in the specialist offshore market Pareto JGO Shipbrokers and Derrick Offshore decided to join forces. The transaction sees UK-based Derrick Offshore being acquired by Norwegian Pareto JGO Shipbrokers. Derrick Offshore will continue to trade under its current name and trademark, w
Port of Hamburg Boasts Record Figures despite Delays
The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014, according to the port’s results. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieved a result of 4.8 million TEU (20-ft sta
MV Cape Ray Completes Destruction of Syrian Chemical Stockpile
The crew of the U.S. ship MV Cape Ray has completed the work of neutralizing Syrian chemical weapons components, Pentagon Press Secretary Navy Rear Adm. John Kirby said in a statement on Monday. “This morning (August 18th), Secretary of Defense Chuck Hagel called Navy Captain Rich Dromerhauser aboar
Bergen Group Exits Shipbuilding Earlier than Planned
Bergen Group ASA has signed an agreement with Calexco S.a.r.l. regarding sale of the remaining 30 % shares in NorYards AS for a price of USD 4 million. The completion of the transaction is expected to take place by end of August 2014 and marks the group’s exit from shipbuilding business. The sale of
Image of the Day: Odessa Makes Way for a Behemoth
Odessa seaport Authority moored the 300-meter long CMA CGM Danube container ship for the first time on August 14, 2014. The Danube was carrying 1,027 containers on entrance to the port, and 1,307 containers were intended for loading. As noted by Odessa seaport Authority, in order to accept such a cl
Rotterdam Still Battling Congestion Issues
Shippers are still facing delays amid ongoing congestion issues at the Port of Rotterdam, which have lead to bigger bills and delayed cargo. Instead of a slow summer, an unexpected surge in Europe-Asia volumes have caught the port terminals off-guard to handle the excess workload. Even though the Po
Crude Oil Tanker Market Going Strong
Crude oil tankers have shown incredibly positive momentum going into Q3. Earnings surpassed the expected ceiling at USD 20,000, to reach USD 44,058 per day briefly in mid-July for Suezmax tankers, according to BIMCO’s latest market analysis report. A stronger freight market is often followed by a st