Green Marine
Russia Sanctions a Double-Edged Sword?
On July 29, 2014 the European Council, announced that the European Union had agreed a package of significant additional restrictive measures targeting sectoral cooperation and exchanges with the Russian Federation. The sanctions imposed on Russia are aimed at banking, energy and defense industries
2013 Fruitful Year for Port of Cork
The 2013 proved a good year for the Port of Cork, which reported an increase in traffic volumes from 9.05 million tonnes in 2012 to 9.12 million tonnes in 2013. Turnover amounted to €23.3 million in 2013, an increase of 6.59% and after deducting costs, the profit on ordinary activities before taxa
Vroon’s Livestock Carriers Almost Done
Construction of livestock carriers for Dutch owner, Vroon B.V is in full swing at COSCO (Guangdong) Shipyard. COSCO (Guangdong) has undertaken a total of 12 newbuilding projects for Vroon, among which are six livestock carriers, four of which have already been delivered on schedule, and six PX121 pl
Ardmore Overturns Loss
New York-listed tanker owner Ardmore recorded a net profit of $100,000 for the three months ended June 30, 2014, overturning a loss of $1.2m recorded for the same period last year. Earnings per share of $0.02 trumped Wall Street expectations for a $0.01 per share loss, according to Doug Mavrinac o
Paris, Tokyo MoUs Want Watckeepers Rested
The Maritime Authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) with the purpose of establishing that watchkeeping personnel are meeting the requirements regarding hours of rest as per STCW 78 as am
Hamburg Court Backs E.R. Schiffahrt’s Claim
In the dispute between Hamburg shipping company E.R. Schiffahrt and investment firm MPC Flottenfonds III, the Higher Regional Court of Hamburg (Oberlandesgericht Hamburg – OLG) ruled in favour of E.R. Schiffahrt on July 25, 2014. The purpose of the interim injunction proceedings was to secure the
VIDEO: Printing Your Own Spare Parts
Surging shipping costs for ship spare parts has enticed engineers to look for more cost-effective options. If only the spare parts could be made onboard! Well, they can, with a 3D printer. Danish shipping giant Maersk Tankers is experimenting this idea and wants to install a 3D printer on a tanker v
DSME Adds Four VLCCs to Its Orderbook
South Korean Shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for four very large crude carriers (VLCCs) from Greek shipowner John Angelicoussis, DSME informed. The deal is worth USD 400 million, around 98 mln per vessel, and has been inked with Maran Tankers Manageme
LNG Boil-Off Risk Focus of London Meeting
The allocation of responsibilities in respect of heel and boil-off of cargo were among the key topics discussed during the third meeting of the sub-committee tasked with the development of a new standard voyage charter party for the transportation of LNG held on July 15th in London. In time charte
Seadrill, Rosneft Deal Moves Ahead Despite Sanctions
North Atlantic Drilling Ltd., a subsidiary of Seadrill, has announced that 6 binding offshore contracts have been executed with the Russian oil giant Rosneft Oil Company. The total revenue potential for the six contracts exclusive of mobilization is approximately USD 4.25 billion. According to the
Fraser Yachts Sells Five in Ten Days
Fraser Yachts has boasted its fifth yacht sale in just ten days. Whilst the summer period is traditionally a quieter time for yacht sales, 2014 seems determined to continue the positive path it set out on at the beginning of the year. Last week the 26m ELENA B from Cantieri di Pisa was sold, [&hel
Transport Infrastructure Should Brace for Climate Change
Impacts of climate change—including more intense droughts and floods, heat waves, thawing permafrost, and sea-level rise—could damage transport infrastructure such as roads, railways, and ports, requiring extensive adaptation and changes to route planning in some regions, according to the findings o
New VLGC Pool Taking Shape
Dorian LPG Ltd., owner and manager of modern very large gas carriers (VLGCs), has entered into an agreement with Phoenix Tankers, a 100% subsidiary of Mitsui OSK Lines, to establish a VLGC pool, which is expected to commence operations on January 1st, 2015, the company said in a release. The pool wi
Video: C-Enduro Planet Ocean’s Vessel of Choice
ASV Ltd and Planet Ocean Ltd have signed a Technology Partnering Agreement which sees Planet Ocean as the ASV technology partner for marine science applications to provide turnkey solutions for the marine science sector. Initially focussing on ASV’s C-Enduro, a long endurance autonomous surface ve