Green Marine
Norway: TTS Appoints Temporary CEO
The Board of TTS Group ASA has entered into an agreement with Johannes D. Neteland regarding termination of his position as CEO of TTS Group ASA effective from today, November 5(th). The Board has decided to constitute Björn Andersson in the position until further notice. The Board of TTS Group ASA
BMT Completes Studies for Port of Liverpool’s New Container Terminal
BMT has completed a series of studies for the Port of Liverpool’s new Seaforth ‘Liverpool 2’ (L2) Container Terminal Construction, which promises to bring 5000 new jobs to the area. The new facility will provide capability for a further half a million containers, taking its total annual capacity to
NOCC Extends Charter Contracts for Two Car Carriers
Norwegian Car Carriers ASA has extended the current time charter contracts for “NOCC Kattegat”, a 5,253 CEU car carrier built in 2004, and “NOCC Caspian”, a 5,387 CEU car carrier built in 1987. For “NOCC Kattegat” the new time charter contract has a duration of about 12 months and is in direct conti
MOL to Open New Office in Switzerland
Mitsui O.S.K. Lines (MOL), one of the world’s largest global multimodal transportation companies, will open its own office in Switzerland as part of its strategy to grow closer to customers. The new office will be located in Basel and will be operational on 1st January 2014. Jochen Veldmann, Area Di
ICS Questions France about CO2 Reporting Requirements for Ships
The International Chamber of Shipping (ICS), the global trade association for shipowners, has written to the French Government to raise concerns about a new requirement for foreign shipowners to provide information to their French customers about CO2 emissions, using a detailed methodology that has
IMS to Focus on Liquefied Gas Transportation
I.M. Skaugen (IMS) has agreed terms, and signed a binding Equity Transfer Agreement, for the sale of its 50 per cent holding in the Chinese manufacturing company Shenghui Gas and Chemicals Systems Co Ltd (SGCS). The buyer is Liangzhong Investment Co. Ltd, China that is also a major shareholder with
Transas ECDIS and Chart Service for Hellenic Carriers Corporation
Transas Hellas will supply ECDIS and Official Charts to Hellenic Carriers Corporation S.A. according to agreement recently signed between two companies. Hellenic Carriers Corporation’s fleet will be equipped with the Transas Navi-Sailor 4000 ECDIS in Premium configuration and Transas Admiralty Data
Germany: Rickmers Bond Increased by 50 Million EUR
Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased its corporate bond placed in June 2013 by 50 million Euros to 225 million Euros in a private placement to institutional investors. The notes have a maturity of five years and an annual coupon of 8.875
Expro’s Activities Highlighted at Offshore Energy 2013
During Offshore Energy 2013 held in Amsterdam RAI on 15 and 16 October, our reporters spoke to Stuart Ross, Europe CIS Regional Technical Manager for Well Test at Expro. Stuart highlighted Expro’s activities in pioneering well flow management: “Expro provides our clients with the services, products
Alewijnse Project Wins KNVTS Ship of the Year Award 2013
Staff and managers at Alewijnse Marine Systems are celebrating the success of the first of twin innovative LNG Greenstream tankers at the 16th Maritime Awards Gala that took place on the 31st of October 2013. The award of the KNVTS Ship of the Year Award to the Greenstream tanker marks the fifth yea
CPLP: Third Quarter 2013 Financial Results
Capital Product Partners L.P. (CPLP), an international diversified shipping company today released its financial results for the third quarter ended September 30, 2013. The Partnership’s net income for the quarter ended September 30, 2013, was $33.2 million, including a $24.8 million gain from barga
Ardmore Shipping Buys MR Product Tanker
Ardmore Shipping Corporation announced on 28th October the acquisition of a 45,726 Dwt MR product tanker built in October 2006 at Minami Nippon Shipbuilding Co., Ltd., Japan, for a purchase price of approximately $20.5 million. The vessel is expected to deliver to Ardmore in December 2013, and is in
Statoil: New Sailing Routes from Supply Bases in Southern Norway
Statoil has decided to alter its sailing routes from the supply bases in Southern Norway to the platforms in the North Sea. The decision is a result of several years’ work aimed at optimising use of supply vessels and bases. The current sailing routes to the platforms in the North Sea from the bases
Navios Partners to Acquire Five Containerships with 10 Year Charters
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, today reported its financial results for the third quarter and nine months ended September 30, 2013. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: “I am pleased with the results of this qu