Green Marine
Euronav: VLCC and Suezmax Rates Recovering
Suezmax rates have reached their highest level since January 2014, said Paddy Rodgers, CEO at Euronav, Belgium-based tanker owner and operator, adding that crude oil tanker rates should remain strong in the coming months due to positive seasonal demand factors and improving underlying supply/demand
World Ocean Council Welcomes Aboard Arctia Shipping
Arctia Shipping, the Finland-based global specialist in icebreaking and Arctic operations, has become a member of the World Ocean Council (WOC). ” Arctia brings extensive maritime experience and expertise in ice and Arctic operations to the WOC and adds significantly to the number of important fir
Update: Wärtsilä Divests Its Shares in QMD JV
Wärtsilä has made plans to divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co. Ltd (QMD), the joint venture company established for manufacturing large low-speed marine diesel engines. Wärtsilä’s shares in the joint venture will be transferred to the current majority shar
EMSA Bankrolled for Marine Pollution Response
The European Council has adopted a regulation to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014 to 2020. The final adoption of the legislative act by the Council follows
Cargo Cruises aboard Giants of the Seas
CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs container ships, such as the Marco Polo or the Alexander von Humboldt. These giants of the seas (365 meters long, which is equivalent to more than 4 soccer fields), are among the largest vessels of their
Nordbank’s Survey Projects Good Shipping Tides
German lender HSH Nordbank has carried out a survey titled “Shipping companies 2014 – Fit for the future?” which shows that the confidence among shipping companies in the industry continues to grow in 2014, as a clear majority of companies expect increased turnover and more than 40 per cent expect h
GE, LR Targeting Customers for Their Gas Turbine Systems
GE Marine and Lloyd’s Register have signed a Memorandum of Understanding (MOU) to identify potential gas turbine-powered commercial ship projects. “Through the MOU we will identify target segments and commercial customers for our highly-efficient marine gas turbine systems,” said Brien Bolsinger,
European Short Sea Bulk Market Still Depressed
The summer lull is here to stay, at least judging on demand on the European short sea bulk market, which resumes a downward course as the activity persists on flat/soft level. Depression of demand, coupled with an abundance of spot tonnage across all areas resulted in a rush of interest from ship
VIDEO: Costa Concordia under Tow
The final voyage of the ill-fated wreck of Costa Concordia has kicked off and the wreck is being moved at the walking speed toward its final destination, scrapping yard in Genoa. The project is the largest and one of the most technically complex maritime salvage jobs ever done. The slow and precis
Additional Container Weighing Legislation Adds to the Burden
Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers. The proposition comes as ever growing number of shipping accidents are caused by overwe
Cruise Liners Scratching Israel off Itineraries
Following the recent surge of violence in the Gaza Strip, sister companies Regent Seven Seas Cruises and Oceania Cruises have decided to steer clear of Israel, Asia Cruise News reports. The decision is also based on the close shave the German AIDAdiva had when caught amidst a rocket attack at the
VIDEO: HMS Queen Elizabeth Floated Out
The lead ship of the Queen Elizabeth-class of aircraft carrier, the largest warship ever built for the Royal Navy, HMS Queen Elizabeth has been successfully floated out of the dock in Rosyth. Capable of carrying up to forty aircraft, the 65,000-tonne warship was officially named by the Queen Eliza
Chinese Export Boom Beneficial to Shipping
Strong Chinese exports for the month of June triggered an increase in shipping and port operations worldwide. Irish Maritime Development Office (IMDO) reports that the analysts expect favourable export tides to flow over to the second half of 2014, with some analysts projecting a double-digit impr
EU Adopts Maritime Activities Planning Legislation
The EU’s General Affairs Council has adopted legislation to improve the planning of maritime activities. The new Maritime Spatial Planning Directive will help Member States develop and coordinate various activities taking place at sea so that they are as efficient and sustainable as possible. Comm