Green Marine
Coral Energy Unloads 1st LNG Cargo at Tornio Manga
The Tornio Manga liquefied natural gas (LNG) receiving terminal in Northern Finland achieved another milestone with the unloading of its first shipment of LNG on November 27, 2017. Built under a turnkey contract by the technology group Wärtsilä, the terminal received the shipment of 15,000 cubic met
Novatek, Japanese Firms to Work on Kamchatka LNG Complex
Russia’s Novatek has partnered up with Japanese shipping major Mitsui O.S.K. Lines (MOL) and Marubeni Corporation on developing an LNG complex in the Kamchatka Region. The parties signed a trilateral Memorandum of Understanding that defines their intentions and includes a specific action plan. Under
Thoresen Disposes of 15-Year-Old Ship
Thailand’s Thoresen Thai Agencies (TTA) has reached an agreement to sell its general cargo vessel MV Thor Horizon. The 47,111 dwt ship was sold to an undisclosed company at a price of USD 5.4 million. Following the completion of the sale, the Thoresen fleet will consist of 21 vessels with an average
Maersk Adds Top Brass Trio to Its Executive Board
As part of its efforts aimed at focusing its business operations on shipping and container logistics, A.P. Møller – Mærsk A/S has bolstered its Executive Board with three new members. “To further accelerate the development of customer oriented end-to-end transportation and logistics solutions the Bo
E.R. Group to Revive Blue Star Brand in 2018
Hamburg-based E.R. Group, which comprises ship managing and financing units, revealed plans to revive its Blue Star brand. Starting from 2018, the Blue Star Group will develop investment opportunities for institutional investors, the group said. As explained, the new activities will initially focus
Spotted: Royal IHC Delivers Largest Dredger Under IRClass
Shanti Sagar 17, the largest dredger under IRClass, was delivered to its owners by Royal IHC in the Netherlands on November 20. The 8,000 cbm vessel is a trailing suction hopper dredger (TSHD) constructed for Adani Ports and Special Economic Zone (SEZ) Limited under the special survey of Indian Regi
Platts: Aegean Marine Closing Six Singapore Entities
Marine fuel logistics company Aegean Marine Petroleum Network is winding up six of its inactive shipping companies in Singapore. S&P Global Platts cited Aegean Marine’s president Jonathan McIlroy as saying that the liquidation of the shipping entities was “procedural”, adding that the process had be
Korea Okays Maersk’s Hamburg Süd Takeover, Orders Corrective Measures
The Korean Free Trade Commission (KFTC) has given Maersk Line the green light for the acquisition of German counterpart Hamburg Süd. However, following the review, the regulatory authority has imposed corrective measures which will have to be met in order for the deal to be closed. These include an
Deutsche AM Buys Stake in RR’s Towage Business
Deutsche Asset Management (Deutsche AM) is to acquire a stake in a Rimorchiatori Riuniti (RR) business as part of their partnership deal in harbour towage business. The partnership, which aims to expand towage operations in Italy and the Mediterranean, would see Pan European Infrastructure II L.P. (
Bunkering Tanker Arrested in Singapore
The 4,000 dwt bunkering tanker UE Star has been detained in Singapore waters, Supreme Court of Singapore’s data shows. The 2014-built ship, owned by Focus Maritime Services, was arrested in the evening hours of November 24, 2017. Focal Investigation & Security Agency has been appointed for security
USCG Medevacs Crewman from Oil Tanker off Texas
A 27-year-old man in need of medical assistance was medevaced from an oil tanker off the coast of Texas on November 27. The United States Coast Guard sent a helicopter to meet the 40,158 dwt tanker Miss Claudia some 13 miles east of Galveston. An Air Station Houston MH-65 Dolphin helicopter crew arr
Teekay Tankers, TIL Close Merger Deal
Tanker owners and operators Teekay Tankers and Tanker Investments Ltd. (TIL) finalized their merger agreement on November 27. Upon the closing of the merger, each outstanding share of TIL common stock, other than shares held in the treasury of TIL or owned by Teekay Tankers or any of its subsidiarie
d’Amico Reaches Deal to Sell MR Tanker
Italy-based shipping company d’Amico International Shipping (DIS) revealed that its subsidiary d’Amico Tankers signed a memorandum of agreement (MOA) for the sale of MT High Presence. The 48,700 dwt medium-range product tanker, which was built in 2005 by Japan’s Imabari Shipbuilding, would be sold f
Canada: Stricken Bulker Towed to Safety
Bulk carrier MV Baby Leeyn, formerly known as MV Jana, got disabled and went adrift on November 26, south of Cape. St Mary’s, Newfoundland and Labrador. Carrying 35 tonnes of marine diesel fuel and 250 tonnes of heavy fuel on board, the small bulker set sail for Romania on Saturday, November 25 and