Green Marine
Wison, Shanghai Electric Team Up on Floating LNG Power Barge
Wison Offshore & Marine and Shanghai Electric Power Generation Group are looking to join efforts in medium to large-scale floating LNG power generation barge, with regards to its product development, global marketing and technical services. The parties signed a Memorandum of Understanding (MOU) on s
Diana Containerships Slashes Q3 Loss
Greek container shipping company Diana Containerships has managed to trim its USD 126.8 million net loss reported in the third quarter of 2016, reducing it to USD 8.7 million in the third quarter of this year. The loss for the third quarter of 2016 reflected the result of impairment charges for seve
Weak Product Tanker Market Pushes Hafnia to Loss
Denmark-based shipping company Hafnia Tankers ended the third quarter of this year with a net loss of USD 7.3 million, compared to a profit of USD 2.3 million posted in the corresponding period a year earlier. “The overall product tanker market weakened further during the third quarter of 2017, refl
J. Lauritzen Takes Four Ships on Time-Charter
Danish shipping company J. Lauritzen added more vessels to its chartered fleet during the third quarter of 2017, as the dry cargo markets strengthened in the period. The company said that it took three handysize bulk carriers on medium-term time-charter up to two years, with options to extend. Addit
DNV GL: Standardisation to Drive Shipping’s Digital Transformation
Standardisation can enable the effective collection, storage, exchange, analysis and use of data, while contributing to improved data quality and sensor reliability in the maritime industry, a new paper by classification society DNV GL shows. The position paper sets out the importance of standardisa
ABS: Class, Insurance Should Jointly Work on Cyber Safety
Chairman of the classification society American Bureau of Shipping (ABS) has called upon marine insurance and classification industries to work closer together in addressing the next-generation safety system. Christopher J. Wiernicki, Chairman, President and CEO of ABS, addressed the American Instit
New CEO Takes the Helm of Marenave
Fresh from its financial restructuring German Marenave Schiffahrts AG dismissed its Chief Executive Officer Ole Daus-Petersen, who headed the process, the company said on Thursday, November 16. “Newly formed Supervisory Board terminated Ole Daus-Petersen’s appointment as sole member of the Managemen
Port of Hamburg to Profit from CETA Free Trade Agreement
Germany’s Port of Hamburg is set to profit from the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada as the deal will simplify foreign trade. Once ratified by the parliaments of EU countries, the agreement, which provisionally came into force on September 21, w
Ships Arriving from Crimea Can No Longer Visit Turkish Ports
The Turkish government has issued a decision prohibiting ships arriving from or calling at Crimea and its ports from visiting a Turkish port, GAC said. Turkish ports, marine agents, operators and shipowners have been informed that ships arriving from Crimea and its ports are not allowed to enter the
MPA Singapore Turning to Drones for Ship Survey
The Maritime and Port Authority of Singapore (MPA) is developing the acceptance criteria for the usage of aerial drones for ship survey on board Singapore-registered ships. The acceptance criteria will be ready by first quarter next year, according to the port authority. The move was prompted by inc
iContainers: Improving Schedule Reliability Still Far from Reality
Container carriers’ schedule reliability has seen a slight increase in the third quarter but there has not been a strong enough push to prioritize schedule integrity due to the high costs involved, online freight forwarder iContainers said. On-time performance was up by a mere 0.2% to 74.7% in the t
Acorus Banned from Paris MoU Region for the 2nd Time
The Paris MoU organization detained a general cargo vessel in Piraeus, Greece, on November 10. As explained, the 5,400 dwt Acorus was arrested during a re-inspection for lifting the refusal of access order which was imposed on July 11, 2017. The ship flies the flag of Moldova, which is black on the
Bahri to Sell Part of Its Stake in Petredec
The National Shipping Company of Saudi Arabia (Bahri) is looking to sell a part of its 30.3% stake in Bermuda-based liquefied petroleum gas transporting and trading firm Petredec Limited. As part of the deal, Haydock Holdings Limited, the other partner in Petredec, will also sell part of its 69.7% s
Eagle Bulk Prices 200 Mn Bonds, Secures Loan
US-based operator of dry bulkers Eagle Bulk Shipping is, through its subsidiaries, looking to secure net proceeds to repay its debts. The company’s subsidiary Eagle Bulk Shipco has priced USD 200 million in senior secured bonds which will carry a coupon of 8.25% and be due in November 2022. Addition