Green Marine
GAC Travel Becomes Part of Bibby Travel
Bibby Travel revealed that the company has acquired GAC Travel Limited with effect from 1st March this year. The deal will see GAC Travel integrated within Bibby Travel, which is a trading division of Bibby Ship Management (Western Europe) Ltd. Welcoming the deal, Ed Rimmer, Chief Executive Officer,
SFL Buys Seven Container Vessels
Ship Finance International Limited (SFL) has agreed to acquire seven 4,100 teu container vessels built in 2002 in combination with long-term charters to a leading container line operator. The vessels are expected to be delivered to SFL over the course of the next few weeks, and the annual EBITDA con
APM Terminals: Fit for Future Growth
APM Terminals based in The Hague is currently present in 12 out of the top 20 countries predicted by United Nations to become the biggest countries by population in 2020. “In 2013, APM Terminals invested over USD 1 billion in port infrastructure developments and updates. We will continue to particip
Reconstructed Port Infrastructure Facilities at Vysotsk Seaport Commissioned
Vysotsk Seaport has commissioned its reconstructed berths No. 1-4, the Northern and Southern malls of entering gates, and the underwater structures of the seaport area at the entrance, comprising 109 hectares. The reconstruction of those facilities was performed by FSUE “Rosmorport” from 2008 to 201
MacGregor Wins Premier Offshore Industry Innovation Award
MacGregor’s three-axis motion compensated offshore crane has won the Offshore Support Journal’s (OSJ) Innovation of the Year award. The news was announced at OSJ’s fifth Annual Offshore Support Journal Conference and Awards event in London, UK, on 19 February 2014, and the award was presented to Mac
Scorpio Bulkers Secures Five Charter-In Agreements
Scorpio Bulkers Inc. has received a commitment for a $67.5 million Loan Facility and agreed to time charter-in five dry bulk vessels. $67.5 million Loan Facility On February 25, 2014, the Company received a commitment from a leading European financial institution for a Loan Facility of up to $67.5 m
ITIC Says Hold-Harmless Clauses May Not Be So Harmless
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party to the contract agrees to take responsibility for – and to i
Spanish LNG for Ships Studies Receive EU Support
The European Union will co-finance with a little over €1 million from the TEN-T Programme a series of studies to help make the liquefied natural gas (LNG) supply for ships a reality on the Spanish Mediterranean coast. The studies, which were selected for funding under the 2012 TEN-T Annual Programme
Seagull Acquires Shares in MindIT Solutions (Norway)
The world leader in computer based training systems for shipping companies, Seagull AS has acquired all the shares in e-learning specialist MindIT Solutions AS, Kristiansand, Norway, specialist provider of web based learning to the offshore industry. “The MindIT team is a reliable and high quality s
ILO Body Adopts New Minimum Monthly Wage for Seafarers
A Subcommittee of the Joint Maritime Commission (JMC) of the International Labour Organization (ILO) has agreed on a Resolution raising the minimum monthly basic wage figure for able seafarers from US$585 to US$592, as of 1 January 2015 and US$614, as of 1 January 2016. The mechanism for setting the
Skansi Offshore Wins New Contracts from Statoil
Statoil has awarded Skansi Offshore a new contract for the PSV “Sjoborg”. The contract period is 3 months firm, with 3 additional monthly options. The vessel has been on charter with Statoil since delivery in March 2012. Commencement of the new contract will be on the 28th of May 2014, in direct con
EU Commission Consults on Prolongation of Special Competition Regime for Liner Shipping
The European Commission is inviting comments on a proposal to prolong an exemption of liner shipping consortia from the application of EU antitrust rules that prohibit certain agreements between companies. The maritime consortia block exemption regulation allows shipping lines to enter into cooperat
TITAN Receives Lloyd’s List Maritime Casualty Response Award
TITAN Salvage, Crowley Maritime Corp.’s Houston-based marine salvage, emergency response and wreck removal company, was presented with the prestigious Maritime Casualty Response award during the Lloyd’s List North American Maritime Awards ceremony and dinner, held in Houston last week. Accepting the
Tidal Transit Provides Medical First Responder for Its PTVs
Tidal Transit, the company that transports technicians to and from the Sheringham Shoal Offshore Wind Farm (SSOWF) located between 17 and 23 miles off the coast of Norfolk in the North Sea, is playing an additional role in support of SSOWF’s health and safety initiatives. The company is now providin