Green Marine
Hamburg Süd Takes Over CCNI’s Liner Operations
Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, and Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile have signed a preliminary agreement by which HSDG will acquire the container liner activities o
Atlantic Panamax Freight Rates on the Rise
An improved sentiment prevails in trans-Atlantic Panamax freight rates as demand tightens for tonnage capacity. Several routes saw freight rise, according to Platts’ data, those being Virginia-Rotterdam coal route (improved to $9.25/mt on Friday, up from $9/mt), Alabama-Rotterdam coal route, also in
Photos: Oil Spill Response in Pechora Sea
Oil spill response exercises were conducted July 17-18 at exploration well No 3 of North-Dolginskoye oil field drilled by semi-submersible jackup drilling rig GSP Saturn on the continental shelf of Russia in the Pechora Sea, Russian Marine Emergency Rescue Service (Gosmorspassluzhba) said. The oil
Raytheon to Launch ShipGuard at SMM, Hamburg
In view of an increasing demand for security of merchant ships and maritime trade, Raytheon Anschütz, a German-based manufacturer of Integrated Bridge Systems, has developed ShipGuard, a shipborne security solution. ShipGuard will be presented for the first time ever at SMM 2014 in Hamburg. ShipGu
Costa Concordia Safely Reaches Genoa
After little more than four days of navigation Costa Concordia has entered the Port of Genoa. In the final stages of the journey the convoy travelled at a speed of about 1 knot per hour. That speed was further reduced to allow the arrival in the port, as expected, during the night between Saturday
Extra Tonnage in Demand
Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week. According to the latest figures from Lloyd’s List Intelligence, the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,
Ardmore Secures Cash for Its Fleet Additions
Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB. The total amount available under the facility has been increased by $53
VIDEO: Conversion of Stanislav Yudin
In November 2013, Damen’s Shiprepair & Conversion facility in Rotterdam began work on a major refit of the Stanislav Yudin, a 24,800 tonne heavy crane vessel owned and operated by Seaway Heavy Lifting (SHL). During just four and half months Damen Shiprepair Rotterdam (DSR) completed a complex refu
Royal Caribbean’s Overall Business Solid
Royal Caribbean Cruises Ltd. reported that yields for the second quarter were up double digits in Europe and China offsetting the Caribbean’s softness. As explained by the company, “this was at the high end of the company’s guidance driven by strong close-in booking trends for European and China s
Siphoning Incidents Nothing New?
The trend of incidents involving siphoning of fuel/oil from product and oil tankers at sea is not new. Statistics for Jan-Jul of 2014 reveal that the occurrence of such incidents took place more frequently compared to the annual numbers reported in the past three years (2011-2013), piracy watchdog R
Christening of LNG Hybrid Barge Set for SMM
Visitors of this year’s SMM trade fair in Hamburg will be given a special treat, as an LNG Hybrid Barge is scheduled to be christened during the fair, Hamburg-based Becker Marine Systems announced. “We have developed special drive systems for this and are happy to be presenting our LNG Hybrid Barg
Update: Slowly but Surely Concordia Convoy Pushes Ahead
After approximately 30 hours of navigation, the Concordia has travelled for 63 nautical miles at an average speed of 2 knots. At the moment, the convoy is located between Isola d’Elba and Corsica, the salvage team informed last night. The sea was said to be calm, accompanied by a North/North East
Fleet Clear-Out at Frontline
Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter parties for the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce. Ship Finance has simultaneously sold the vessels to unrelated third parties. The charter parties are expected to te
Van Ord Boasts Order Intake
Van Oord has won two orders in Brazil and the Bahamas, worth a combined worth EUR 100 million ( USD 134.6 million). The activities involve dredging work for the construction of a new shipyard in Aracruz, Brazil. The client is Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Sembcorp Marin