Green Marine
MSC Hires MacGregor to Upgrade 31 of Its Ships
Swiss-based Mediterranean Shipping Company (MSC) has hired MacGregor, part of Cargotec, to optimise the container carrying capabilities of the company’s 31 vessels from six different ship series. Upgrade work on the vessels will be carried out under a MacGregor Cargo Boost service, part of its PlusP
Total to Supply LNG for CMA CGM’s New Boxship Giants
French carrier CMA CGM has signed an agreement with oil and gas major Total for the supply of liquefied natural gas (LNG) to fuel the company’s recently ordered 22,000 TEU container ships. Under the deal, Total is to supply around 300,000 tons of LNG per year for a period of 10 years starting in 202
Cuxhaven to Get New Shore Power Supply System for RoRos
Siemens has received an order to supply the key components of a Siharbor shore power supply system for roll-on/roll-off (RoRo) ships in Cuxhaven. As informed, the order includes the complete transformer station as well as the cable feed system. With a power output of 630 kilowatts (kW), the plant –
13 Dead, 2 Missing as Fishing Vessel Sinks off South Korea
At least thirteen people have lost their lives after a fishing boat collided with a tanker and sank off the coast of Incheon, South Korea, Yonhap News Agency said citing the country’s coast guard. The South Korean coast guard has continued a search and rescue operation for two more people, who were
Höegh LNG Partners Closes Höegh Grace Acquisition
Norway-based Höegh LNG finalized the transfer of the remaining 49% interest in Höegh Grace to Höegh LNG Partners LP on December 1. Under the agreement, reached between the parties in mid-November, the Höegh LNG has transferred the remaining ownership interest in Höegh LNG Colombia Holding, the sole
Eight Gothia Tanker Alliance Ships to Carry Swedish Flag
The Swedish merchant fleet has witnessed growth for the first time in several years as shipowners Furetank, Älvtank and Erik Thun AB opted to fly the country’s flag on eight Gothia Tanker Alliance ships. The Swedish merchant fleet decreased from 254 vessels to 89 during the years 2001-2017. However,
Scorpio Bulkers Secures Loan for Ultramax Trio
Monaco-based shipping company Scorpio Bulkers has received a commitment for a loan facility to finance a part of the market value of the three Ultramax dry bulk vessels it recently agreed to acquire. Secured from an undisclosed European financial institution, the loan facility is for an amount of up
Spotted: Canada Receives Its Greenest Naval Ship
M/V Asterix, a former containership, has been retrofitted to a naval vessel at Davie Shipbuilding in Quebec. Commissioning of all the Asterix’s onboard systems and sea trials are underway and the ship will be heading to Halifax, Nova Scotia, in early December. The auxiliary oiler replenishment ship
DP World Takes Full Ownership of Santos Terminal
Dubai-based terminal operator DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP). Following the transaction, DP World’s shareholding was increased to 100% and the terminal will be reb
MHI to Reshuffle Shipbuilding Business into Two New Firms
Japan’s Mitsubishi Heavy Industries (MHI) has unveiled its plans to establish two new wholly-owned companies under the reorganization of its shipbuilding business. The move, effective January 1, 2018, would see the company split its shipbuilding business into Mitsubishi Shipbuilding, which will prim
Aegean Marine Fetches New USD 750 Mn Credit Facility
Greek marine fuel logistics company Aegean Marine Petroleum Network has reached an agreement for a new credit facility in the amount of USD 750 million for a term of three years. Seven of the nine participating lenders updated their commitments to Aegean at improved terms and increased tenor with tw
Maersk Line Closes Hamburg Süd Acquisition
Maersk Line’s acquisition of German container shipping line Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) from the Oetker Group was closed today, the liner company informed. The closure follows the final regulatory approval of 23 needed, which was obtained by the company o
COSCO SHIPPING Ports, PSA to Launch Third Singapore Berth
COSCO SHIPPING Ports and PSA Corporation (PSA) signed a memorandum of understanding (MoU) to mark the launch of a new mega berth at COSCO-PSA Terminal (CPT) in Singapore. Established in 2003, CPT has served as a hub for container shipping in the Southeast Asia region. The launch of the third berth f
Vessel Delivery Costs Push TEN into Q3 Loss
Greek shipowner Tsakos Energy Navigation (TEN) incurred a net loss of USD 3.4 million in the third quarter of this year amid challenging market conditions. Aside to softness in the spot markets during the summer months, the costs associated with the new deliveries and the bringing forward of three d