Green Marine
CMA CGM Posts Third Quarter Financial Results
The Board of Directors of CMA CGM Group, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter 2013. During the period, consolidated revenue amounted to $4.1 b
AXSMarine Again Wins Best Marine IT Solution Award (France)
For the second year in a row, AXSMarine has been awardedthe Best Marine IT Solution. Robert Jervis of Multimodal, and Ray Girvan of IBJ, presented the award to Olivier Vigneron, AXSMarine’s technical director, to salute their AXSDryproduct, which is widely used by dry bulk professionals for commerci
Bomin Linde Starts Implementation Process for Germany’s First LNG Bunkering Terminals
After finalizing project preparations, Bomin Linde LNG has now decided to initiate the implementation process for both facilities in Hamburg and Bremerhaven. Subject to approval from the authorities, Germany’s first LNG bunkering terminals will be operational in 2015. The plans for building and oper
Siem and Harkand Enter Charter Agreement for OSCV ‘Siem Spearfish’
Siem Offshore and the Harkand have entered into a charter agreement for the Offshore Subsea Construction Vessel (OSCV) “Siem Spearfish”, which is under construction in Norway. The agreement is made at market terms and is for a firm period of five years with three yearly options. The charter shall co
Dr. Thomas A. Mensah Receives 2012 International Maritime Prize
Dr. Thomas A. Mensah of Ghana, former President of the International Tribunal for the Law of the Sea and Assistant Secretary-General and Director of the Legal Affairs and External Relations Division at the International Maritime Organization (IMO), has been awarded the prestigious International Mari
Greece: Diana Shipping Reports USD 3.2 Mil. Net Loss for 3Q 2013
Diana Shipping Inc, a global shipping company specializing in the ownership of dry bulk vessels, recently reported a net loss of $3.2 million for the third quarter of 2013, compared to net income of $12.3 million reported for the third quarter of 2012. Time charter revenues were $41.9 million for th
Market Survey on Eco-Shipping: Innovation Boost from Eco-Ships and Retrofitting
German and international shipping companies are currently building up new fleets with modern eco-ships while at the same time retrofitting some of their existing ships in order to make them more efficient. The aim is to meet the growing challenges facing global shipping with regard to efficiency and
DOF Subsea Awarded Several Contracts
DOF Subsea AS, a subsidiary of DOF ASA has been awarded several contracts, with a total value of approx. NOK 400 million (approx. USD 65.4 million). In the Brazil region DOF Subsea has been awarded an RSV contract with Petrobras. The contract has a firm period of 18 months and mobilization will comm
New Contract for Accommodation Vessel ‘Safe Caledonia’
Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the Safe Caledonia to provide accommodation support at the Eastern Trough Area Project (ETAP) in the UK sector of the North Sea. ETAP is located 240km east of Aberdeen in the Central North Sea. It is an integrated
Transas Secures Italian Tender to Supply Navigation Equipment
Transas Marine has won the famous Italian tender of “Consorzio degli armatori del mediterraneo” for supply of navigation equipment for 64 vessels. “Consorzio degli armatori del mediterraneo” is the Italian Shipowners Research Consortium which consists of 6 shipowners (Augusta Due, Marnavi, L.G.R. di
ESL Shipping Charters Dry Bulk Carrier MS Nassauborg
ESL Shipping Ltd, part of Aspo Group, responds to its increased sea transport demand by time-chartering dry bulk carrier m/s Nassauborg until next summer. Sailing under the Dutch flag, the 1A ice-strengthened 20,000 ton vessel is well-suited to complement ESL Shipping’s existing fleet within the sam
Improved Port Accuracy and Safety through Novel Technology
Galileo, the multi-billion euro global navigation satellite system funded by the EU, will soon provide highly accurate and precise position measurements on Europe’s roads. But the primary mode of international trade – the maritime industry, responsible for nearly 90 percent of world trade – still re
MEO Buys NAUTIS OSV Simulator
Miclyn Express Offshore Singapore purchased a NAUTIS Offshore Supply Vessel Simulator and Instructor Station for training of OSV activities within the Miclyn fleet. Miclyn Express Offshore has followed up this initial purchase with an order for an identical simulator destined for their Joint Venture
Oceanteam Shipping Extends Bareboat Charter for CSV Southern Ocean
Oceanteam Shipping ASA (OTS) confirmed the extension of tha bareboat charter with Fugro TS Marine Australia for the CSV Southern Ocean until the end of 2018. The extension of the bareboat charter will further strenghten Oceanteam’s contract backlog and secure future earnings. The original charter wa