Green Marine
Freight Rates Pulling Hapag-Lloyd Down
Hapag-Lloyd, Germany’s shipping powerhouse, has posted results for the first six months of 2014. The company reports a decrease in revenue compared to 2013, even though more cargo was shipped than in the first six months of 2013. At around 2.9 million TEU, 5.8% more cargo was shipped compared to the
Scorpio Enters Boxship Market with Style
Scorpio Group, Monaco-based owner of tankers and bulk carriers, has secured charter agreements for its three 19,200 teu containerships to be built by Samsung Heavy Industries, according to sources close to the matter. The newbuilds, to be delivered in 2016, are said to have been hired by Mediterrane
Poland Eyes Canal Construction to Evade Russian Waters
Polish authorities have revived plans to build a canal in order to connect the Baltic Sea with the Vistula Lagoon and, thus, bypass Russia’s stretch of coastline. The endeavour is said to be worth EUR 209 million, and if the proposal by the Polish Ministry of Infrastructure gets the green light, the
Image of the Day: RV Polarstern Battles through Snow Storm
There is more to scientific research than just going through books and data, especially if you are venturing out to the planet’s coldest and stormiest continent, the Antarctica. Large areas of the Antarctic present major technical and logistics problems to science if scientific endeavour is to achie
Twin Marine Heavylift Teams Up with Shandong Shipping
Stavanger-based marine heavy lift contractor Twin Marine Heavylift AS has agreed the formation of a Joint Venture company with Shandong Shipping Corporation of Qingdao, China. As part of the JV arrangement Shandong Shipping will arrange all financing for the first TML System. The new company, Shando
APM Terminals Izmir to Boost Capacity
APM Terminals Izmir has selected ZPMC as the provider of the most efficient and safest cranes to operate Izmir’s only container terminal capable of serving vessels larger than 10,000 TEU, in one of the fastest growing economies in the world. The new terminal – Izmir and Western Turkey’s largest and
Thor Brings Its Business to UK
Swedish shipping line Thor has established its first UK base at Associated British Ports’ (ABP) Port of Hull. The company, which operates three vessels, the Odin, the Alrek and the Frej, will use the former TransAtlantic terminal for handling 300,000 tonnes of steel and other cargoes each year. The
EC Cuts Fishing Quotas
The ten Member States of the European Union that declared having exceeded their fishing quotas in 2013 will face reduced fishing quotas for those stocks in 2014. The European Commission announces these deductions on a yearly basis to immediately address the damage done to the stocks overfished in th
Europe’s Largest Oil Producer Backs Sanctions against Russia
The Norwegian Government has decided to back the restrictive measures against Russia, according to the Norwegian Foreign Affairs Ministry. “Norway has since the start of the crisis in Ukraine stood together with the EU and neighboring countries in our reactions to Russia’s violation of the internati
Dry Bulk Sector to Bounce Back
Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to the latest edition of Dry Bulk Market Outlook issued by the UK-based ship manageme
Image of the Day: Russian Tall Ship in All Its Glorry
Crew of Russian tall-ship STS Mir boast their climbing skills while berthed in Saint-Petersburg, Russia on August 8. STS Mir is a three-masted, full rigged training ship, based in St. Petersburg, Russia, pertaining to Admiral Makarov State University of Maritime and Inland Shipping. Built by Lenin S
Passenger Safety in Focus of EU Funded Research
The European Union has funded a research aimed at improving safety of passengers aboard cruise ships and ferries. The goal of the research is to make evacuating large passenger ships smoother and safer in future. EU-funded researchers are also helping to design more stable passenger vessels. The thr
Sovcomflot Orders Icebreaker Trio
Arctech Helsinki Shipyard signed a contract for building three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2, Sakhalin Energy Investme
Liquiline to Build First Danish LNG Bunkering Terminal
Liquiline and Fjord Line have entered into a contract whereby Liquiline Europe AS will design, construct and commission an LNG ship bunkering terminal for Fjord Line AS at the Port of Hirtshals, Denmark. Fjord Line calls at the Port of Hirtshals on a daily basis, with one of its two LNG-fuelled crui