Green Marine
Cyprus Shipping to Evolve Side by Side with Energy Industry
The existence of natural gas reserves in the Exclusive Economic Zone of Cyprus and the prospect for Cyprus to evolve into an important energy center in the Mediterranean, which will include a Liquefied Natural Gas (LNG) plant, creates even greater prospects for Cyprus shipping, the President of the
Alfa Laval to Secure Equipment for North Sea Offshore Platform
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply equipment to an offshore oil platform in the North Sea. The order, booked in Energy & Environment segment, has a value of approximately SEK 50 million and delivery is scheduled for 20
Island Offshore Secures Contracts Extension for Two of Its PSVs
Island Offshore announced that Total E&P UK Limited has extended the contracts for M/V Island Empress and M/V Island Express with two years each. M/V Island Empress and M/V Island Express are platform supply vessels of Rolls-Royce design, type UT 755 LN, designed for transporting solid and liquid ca
Commerzbank Sells 14 Tankers to Reduce Loans
With an aim to reduce bad loans, Commerzbank AG, Germany’s second biggest bank, has sold 14 chemical tankers to Oaktree Capital Management LP, Bloomberg reports. Back in 2012, Commerzbank decided to step out from ship financing. “We will continue with our consistent strategy of value-preserving redu
Seacurus Says Seafarers Should Be Protected Now against Risk of Unpaid Wages
Specialist marine insurance intermediary Seacurus said that reported doubts about the insurance industry’s ability to insure the liability for unpaid wages of abandoned seafarers under the Maritime Labour Convention 2006 are inaccurate and ill-founded. It is already an agreed principle under MLC 200
Stage II in UXO Survey Programme for Tennet Offshore
As result of the Unexploded Ordnance (UXO) threat identified from successful route survey for Tennet Offshore Gmbh, MMT will perform stage II in the marine UXO survey program for the HelWin 2 project. The magnetometer targets and side scan sonar targets that were picked from geophysical survey (stag
Diana Containerships Signs MoA to Sell ‘Spinel’
Diana Containerships Inc. a global shipping company specializing in the ownership of containerships, yesterday announced that on December 12, 2013 it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1996-built vessel “Spinel” (f
Star Bulk Takes Delivery of Its First Ultramax Bulk Carrier
Star Bulk Carriers Corp. (Star Bulk), a global shipping company focusing on the transportation of dry bulk cargoes, yesterday announced that it has taken delivery of M/V Star Challenger (formerly M/V Supra Challenger), an Ultramax bulk carrier of 61,462 deadweight tons carrying capacity, built in Ja
DNV GL Appoints 10 New Regional Managers
DNV GL’s regional managers bring a wealth of experience from their respective legacy organisations. These appointments are intended to ensure a strong organisation that is built on the experience of its people and able to meet its customers’ needs from day one. Half of the managers will continue in
Costa Concordia Wreck Almost Ready for Winter
Members of the team responsible for informing the public about the state of Costa Concordia wreck organized a meeting last week to share some new information about Costa Concordia removal project. The meeting was attended by Maria Sargentini, Chairman of the Observatory, Sergio Ortelli, Mayor of Gig
APM Terminals Leads in Global Productivity Results
A study on global port and terminal productivity released by the US-based Journal of Commerce Group has named five facilities from the APM Terminals Global Terminal Network among the world’s ten most productive container terminals. The Top Ten Global Terminals, measured by berth moves per hour (MPH)
EBRD Invests in New Container Terminal in Turkey
The EBRD is providing a $92 million loan for Turkey’s first trans-shipment container terminal AsyaPort, as the country continues to improve its infrastructure to create the conditions for sustaining its strong economic growth. The Bank’s financing will be used to design, build, operate and maintain
Seafox 5 Finishes DanTysk Foundation Installation (Germany)
All of the 80 foundations for the DanTysk offshore wind farm are now installed. This was achieved by using the largest self-propelled installation jack-up vessel of the Workfox fleet, the Seafox 5. The vessel successfully completed the installation of 80 monopiles and transition pieces for the DanTy
Navios Partners Receives Three Dry Cargo Vessels to Its Fleet
Navios Maritime Partners L.P. (Navios Partners) an owner and operator of dry cargo vessels, announced today that the Hyundai Tokyo, the Hyundai Shanghai and the Hyundai Busan, all 2006-built container vessels of 6,800 TEU each, were delivered to Navios Partners’ owned fleet on December 10, 13 and 16