Green Marine
Slovenia: Luka Koper Plans Extension of Pier I
At its meeting of 14th June 2013, the Luka Koper Supervisory Board was presented with, and endorsed, plans for the extension of the southern side of Pier I, an investment which will increase capacity at the Container Terminal by an additional 230,000 TEUs per year above the current 720,000 TEUs. In
Norway: Reach Subsea Enters Charter Agreement for MPSV ‘Bourbon Emerald’
Reach Subsea has entered into a charter party agreement with Bourbon for the MPSV “Bourbon Emerald” for 140 days + options. The vessel will be equipped with the company’s own ROVs for operations in the North Sea and under the Joint Venture with Marin Mætteknik. Further, Reach Subsea has entered into
BBC Chartering Strengthens Korean Business
German based BBC Chartering, announced intention to bolster business in Korea. BBC Chartering started with a first representation in Seoul back in 2003. Following a recent reorganization, the carrier aims at further strengthening its Far East presence. The local team of ten now covers chartering, op
Moore Stephens: Shipping Confidence Reaches Highest Level for Two and a Half Years
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The survey produced evidence of increased
The Netherlands: Kotug Celebrates Its 25th Anniversary
During this year’s well attended Rotterdam Herring Party (already the 18th of its kind) on June 5th 2013, KOTUG celebrated its 25th anniversary at the Cruise Terminal in Rotterdam. Since 1988 KOTUG has worked as a maritime service provider in the port of Rotterdam; an achievement that would not have
NHO Appoints New President
The general meeting of NHO (The Confederation of Norwegian Enterprise) has elected Tore Ulstein new president on 11 June 2013. Tore Ulstein is Chairman of the Board and Deputy CEO in Ulstein Group. “I would like to thank the members of NHO for their trust, and it is with humility that I take on the
Cargo Ship Runs Aground Off Tobermory
UK Maritime and Coastguard Agency (MCA) today reported that a cargo ship has run aground approximately 2.5 miles south of Tobermory, Sound of Mull. Stornoway Coastguard received a 999 call just after 6am this morning reporting that a 90-metre long vessel carrying wood had run aground on rocks. The R
MLC 2006 Helps Secure Seafarers Same Rights in Working and Living Conditions
A new version of Notice B from the Danish Maritime Authority, which enters into force on 1 August 2013, implements the recent provisions adopted by United Nations’ International Maritime Organization (IMO) and through EU cooperation. A new part on seafarers’ working and living conditions will, inter
RESOLVE Salvage & Fire Opens New Office at London (UK)
RESOLVE Salvage & Fire (Europe), Ltd., the European emergency response subsidiary of U.S.- based RESOLVE Marine Group, Inc., has added a new office at 23, Austin Friars, London, expanding the company’s UK operations base. The 34-year-old marine salvage, emergency response and wreck removal company h
‘Polar Duchess’ to Start Acquisition of New UtStord Multi-Client Survey
Dolphin Geophysical’s high-end 3D seismic vessel, the Polar Duchess, will commence acquisition of new UtStord Multi-Client Survey in the Norwegian North Sea. The 3,500km2 survey is highly prefunded by industry and will commence around June 14th. Acquisition is scheduled to take approximately 3-4 mon
Wärtsilä Inks Loan Agreement with EIB for R&D Activities
The European Investment Bank (EIB) has granted a EUR 150 million (approx. $200 million) loan to Wartsila to finance the company’s research, development and innovation (RDI) activities in several European countries. The contract for the 10-year loan was signed in Helsinki, Finland on 13 June 2013. Th
Update on Teekay’s 2012 Tanker Market Review (VIDEO)
2012 was a “year of two halves” for the conventional tanker industry. In this Teekay video update, Research Manager Christian Waldegrave gives his review of the 2012 tanker market and looks ahead to what can be expected in 2013. TeekayCorp, June 13, 2013
Greece: Diana Shipping Takes Delivery of Dry Bulk Carrier MV Baltimore
Diana Shipping Inc. , a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Baltimore” (formerly “Tamou”), a 2005 built Capesize dry bulk carrier of 177,243 dw
Russia: Rosmorport Charters Two Ferries from St. Peter Line
On June 10 2013 on board of the Princess Maria ship, FSUE “Rosmorport” and St. Peter Line Limited signed the time charters for the two ferries – the Princess Maria and the Princess Anastasia, which will be used by the enterprise as floating hotels from 5 to 24 February, 2014 in Sochi Seaport for the