Green Marine
NAT Wins Claim over ‘Gulf Scandic’
Nordic American Tankers (NAT) today announced that an arbitration panel in London has ruled in favour of NAT. Gulf Navigation Holding PJSC (GulfNav) was the other party in the arbitration. The case relates to the 6 year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic (now named Nord
WOC Partners with The Economist on World Ocean Summit and Arctic Summit
The World Ocean Council is partnering again with The Economist to help ensure ocean business community participation in these upcoming events: World Ocean Summit 2014 (Half Moon Bay, near San Francisco, 24-26 February 2014)and Arctic Summit 2014 (London, 4 March 2014). WOC is working with The Econom
RORO 2014 Is Heading to London (UK)
RORO 2014, the only exhibition dedicated to the roll-on/roll-off industry, will bring together senior level logistics professionals from across the globe between 24-26 June at ExCel in London. The show returns with a new look format, making it easier than ever for visitors to find the right solution
Finnlines Deutschland Sells MS Transrussia
Finnlines Plc’s German subsidiary, Finnlines Deutschland GmbH, has sold MS Transrussia to Finnlines Plc at the market price of EUR 30.6 million which corresponds to the book value of the vessel. The sale will have no effect on the Finnlines Group’s result. Through the sale of the last vessel Finnlin
Multi Maritime Reveals Its Latest Multi-Purpose Offshore Design
Multi Maritime AS has launched its latest concept for the series of MM offshore multi-purpose designs called MM 95 MSV. The design is continuing the success of Multi Maritime’s previously designed offshore vessels as MM66 MSV known in the market as “Atlantis Dweller”, MM76 MSV “Stril Explorer”, MM 8
Aker Solutions Sells Mooring and Loading Systems Business to Cargotec
Aker Solutions has completed the sale of its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the global offshore and shipp
Fendercare Marine Provides Support Services for LNG STS Operations
Fendercare Marine has provided STS support services for the first open sea’s Liquefied Natural Gas (LNG) STS operations for two of the world’s leading Gas Majors. Fendercare Marine has carried out STS operations since 1995 and annually conduct almost 3,000 STS operations globally from over 45 STS lo
Eletson Acquires Three Panamax Product Tankers
Eletson Holdings Inc. has entered, through subsidiaries, into definitive agreements to acquire three Korean built 2004 Panamax (LR1) product tankers for a price of $66.3mil. The expected delivery dates of the vessels are end January 2014, end March 2014 and early April 2014. These acquisitions were
Clipper Bulb Modification Saves Fuel
Clipper has in-house technical management of a large part of their vessels. They believe that improved performance can be achieved through innovative thinking, enabling a dynamic fleet that lives up to its full potential. The company’s Performance Management team is continuously working on fuel effi
ABS Publishes Advisory for Navigating Northern Sea Route
ABS, a global maritime classification services, has released its Navigating the Northern Sea Route Advisory to support shipowners and operators intending to transit the increasingly popular commercial shipping routes through the Arctic seas. The comprehensive Advisory, which was developed with assis
Gulf Navigation Confirms Sale of Two VLCCs to DHT Holdings
Gulf Navigation Holding PJSC (GNH) has confirmed that the company has entered into a Memorandum Of Agreement to sell two VLCCs, Gulf Sheba and Gulf Eyadah, to DHT Holdings Inc. for USD 98 Million in total. GNH is further coordinating the financial and legal process for completion of the sale and deli
Germany: Chemikalien Seetransport Implements DNV GL Safety Software
As a step toward improving quality and safety systems and easing work for its crew, the German tanker company Chemikalien Seetransport has implemented DNV GL’s ShipManager QHSE software across its entire tanker fleet of 40 vessels. The ShipManager QHSE system supports findings and incident reporting
New Chairman for Costa Crociere
Carnival Corporation & plc yesterday revealed that Howard Frank has been named Chairman of Costa Crociere S.p.A, the largest Italian travel group and a major force in cruising throughout Europe, Asia and South America. In this role, Frank will support Michael Thamm, CEO of Costa Crociere S.p.A. Last
GC Rieber Shipping to Sell Its Stake in Reef Subsea AS
GC Rieber Shipping ASA has entered into an agreement to sell its stake in Reef Subsea AS to HV V Invest Golf AS and HV V Invest Golf II AS, two investment companies of the private equity fund HitecVision V, LP. The agreed purchase price is NOK 175 million (approx. USD 28,5 million), which will [&hel