Green Marine
Concordia Maritime, Neste Oil Sell Jointly Owned Tankers
Concordia Maritime and Finnish Neste Oil have reached an agreement on the sale of the two jointly owned Ice Class 1A panamax tankers, Stena Poseidon and Palva. The buyer is Transport Maritime St-Laurent Inc. and the tankers are expected to be delivered in April/May 2014. Stena Poseidon and Palva are
Survitec Presents New Davit-Launched Liferaft (UK)
Survitec Group presented a new davit-launched liferaft aimed at meeting the escape and survival needs of workers, passengers and crew on offshore platforms or high freeboard vessels. The liferafts are the newest addition to the comprehensive range of escape slides and rafts manufactured under the Su
AoS Provides Assistance to Ukrainian Seafarers Arriving at Ports in Great Britain
Seafarers charity Apostleship of the Sea (AoS) is continuing to assist Ukrainian seafarers arriving at ports in Great Britain. AoS Port Chaplains up and down the country are offering practical help such as providing internet connections for Ukrainian crew to contact their families back home. Southam
Wartsila Finishes Employee Consultation Process in Finland
Wärtsilä’s consultation process with employee representatives in Finland has been concluded. The process was initiated on 29 January 2014 with the aim of reducing 200 jobs in Finland. As a result of the negotiations, the redundancy need has been confirmed to be 142 permanent employees. Since the sta
EU Supports Maritime Administrations in Western and Central Africa
The European Union is funding a €1.2 million grant contract, signed between IMO and the African, Caribbean and Pacific Group of States (ACP) to support training and capacity-building activities aimed at enhancing flag State implementation and port State control in Western and Central Africa, with a
AKPS Elects New Executive Chairman
Aker Philadelphia Shipyard ASA tody announced that Kristian Rokke, AKPS’s President and CEO, has been nominated to be Executive Chairman of the Board of Directors of AKPS. This nomination is expected to be approved at the company’s Annual General Meeting on April 9, 2014. Steinar Nerbovik, who is cu
Western Bulk Broadens Its Services
Western Bulk, a leading global operator of dry bulk vessels, has decided to strengthen its Panamax team by employing a team of 9 persons previously employed by K2 Shipping in Oslo. In addition, K2 Shipping will be re-letting some cargo contracts and chartered-in vessels to Western Bulk. The team fro
Klaveness Completes New Unsecured Bond Issue
Klaveness Ship Holding AS (Klaveness) has completed a new unsecured bond issue of NOK 400 million (USD 66.9 million), with a borrowing limit of NOK 600 million (USD 100.4 million), and a maturity date in March 2020 with a coupon of NIBOR + 4.25%. An application will be made for the bonds to be liste
AEC Maritime Installs Scrubber on Scandlines’ Ferry
AEC Maritime has installed a closed loop scrubber installation, which has been commissioned and is now fully operational at the Scandlines Ferry M/V Schleswig-Holstein, sailing on the route Puttgarden-Rødby. “With this technology, ship owners can use high sulphur fuels while meeting the strict requi
JFTC Issues Final Orders in Car Carrier Investigation
The Japan Fair Trade Commission (JFTC) today issued cease and desist orders and surcharge payment orders against four international ocean shipping companies. The JFTC issued orders against Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd., Wallenius Wilhelmsen Logistics, AS and Nissan Motor
New Debt Facility Completed – Ceona
Ceona, a fully-fledged EPCI provider in the SURF market, delivering offshore mooring and subsea installation, module handling and logistics services has secured a new $290 million debt facility to finance its two new build projects. The new debt facility will be used for the completion of the Ceona
ClassNK Takes Over Maritime Software House NAPA
Leading classification society ClassNK today agreed to acquire NAPA, the world’s leading maritime software house, in a deal hailed as benefiting the improved safety and performance of the whole maritime industry. The acquisition, will significantly enhance the success and capabilities of both organi
Star Bulk Acquires Stake in Interchart Shipping
Star Bulk Carriers Corp. said that the company acquired 33% of the total outstanding common stock of Interchart Shipping Inc. (Interchart), a Liberian company which acts as chartering broker to Star Bulk’s fleet for total consideration of $400,000 consisting of $200,000 in cash and 22,598 restricted
Fairmount’s Tug Tows Pipelay-Vessel Castoro Sei to Rotterdam, The Netherlands
Tug Fairmount Glacier has towed pipelay-vessel Castoro Sei to Rotterdam, the Netherlands, from where the vessel will start her seasonal activities on the North Sea. The Fairmount Glacier hooked-up with Castoro Sei in Genoa, Italy. The Castoro Sei is a 28,000 ton DWT 152 meters long semi-submersible