Green Marine
DOF Subsea Buzzing with Activity
DOF Subsea, a subsidiary of DOF ASA, has been awarded multiple contracts, with a total value of approximately USD 135 million. In the Asia Pacific region, DOF Subsea has been awarded several contracts including project management and engineering, IMR services, and subsea installation work. The contr
M/V Pirgos Delivered to Her Owner
M/V Pirgos, a 9000 DWT green general cargo vessel designed by Norden Ship Design Turkey and built by Anrun Ship Co. China has been delivered to her owner Elefteros Maritime from Panama, the designer informed. The vessel, part of Norden’s new Eco Series of general cargo vessels, features an innovativ
Kurdish Oil Offloaded in Croatia
Iraqi Kurds have found a buyer for their fourth major oil cargo shipment in Croatia. Hungarian MOL has bought 80,000m3 of crude, which will be sent to Hungary’s refineries through Croatia’s pipelines, local newspapers Jutarnji List confirmed. The tanker carrying the cargo entered the Port of Omisalj
Tanker Oversupply Might Be Easing Up
Although the Caribbean market for Aframaxes has taken a precipitous tumble last week, other tanker segments have maintained healthy spot rates suggesting that vessel oversupply could be moderating in the general sense, Poten & Partners reports in their latest ‘Tanker Opinions’. “Since ordering momen
Clean Freight Rates Set to Surge amid Ebola Outbreak
Freight rates for clean tankers heading from the UK continent to the West Africa could see an increase due to the Ebola crisis which was forcing shipowners to insert clauses into charter parties to avoid the risk of their vessel being quarantined, shipping sources told Platts. The inserted clauses r
Image of the Day: Maersk in Evening Attire
Danish shipping giant Maersk, owner of one of the biggest fleets in the world, has its ships berthed around the world. Here is an image showing these shipping giants loaded with containers during night time, pending their next destination. [mappress] World Maritime News Staff, August 15, 2014; Image
July Best Month Ever for ICT
Figures published recently show that Associated British Ports’ (ABP) Immingham Container Terminal (ICT) has enjoyed its most successful month ever. More than 10,000 units were handled at the facility in July, with numbers increasing steadily since the beginning of the year. July also saw more than 2
Clyde Marine to Offer Enclosed Spaces Training
Clyde Marine Training Short Courses division will begin providing ‘enclosed spaces’ training to individuals and companies within the next month as a response to the International Maritime Organisation (IMO) introducing new requirements to SOLAS Chapter III regulation 19, coming into force on January
Poland Gets Rolls-Royce Marine Service Center
Rolls-Royce Marine and Nauta S.A. ship repair yard have signed a co-operation agreement in Poland. Rolls-Royce Marine will gain exclusive rights to provide services on all Rolls-Royce equipment coming into the shipyard. In return, the cooperation is expected to bring in an increased flow of customer
Freeport of Riga Doing Well
Compared to July 2013, the volume of various cargoes handled at the Freeport of Riga this year has increased by 15.8% – almost 3.5 million tonnes were transshipped within one month. The volume of dry bulk cargo handled in the beginning of the current year increased by 10.4% compared to the first sev
TORM Secures Loan Extension
Danish-based shipping company TORM has reached an agreement in principle to extend its working capital facility and support its ongoing recapitalization efforts, as announced by TORM CEO Jacob Meldgaard. The agreement in principle was reached with the Coordinating Committee of Lenders regarding an e
GasLog Partners LP Adds Two LNG Carriers
GasLog Partners LP has entered a deal with GasLog Ltd. to purchase two LNG carriers, the Methane Jane Elizabeth and Methane Rita Andrea, built in 2006, each with a capacity of 145,000 cubic meters, for an aggregate purchase price of USD 328 million. GasLog Partners expects to finance the acquisition
Maritime Emergency Response Body for Dutch Caribbean Taking Shape
The Department of Waterways and Public Works of the Dutch Ministry of Infrastructure and the Environment (Rijkswaterstaat) is working together with the Dutch Caribbean to set up a maritime emergency response organization for the islands of Bonaire, Saba and St. Eustatius. The major part of the crisi
How to Choose a Bunker Survey Correctly?
Reasons for inviting a bunker surveyor by a charterer are different, but the end purpose can be only one – to exclude losses because fuel oil expenses are a significant part of a charterer’s budget. In the following article, survey specialist Bunker Protection explains types of surveys and what to k