Green Marine
Scorpio Tankers Sinks Deeper into Red
Monaco-based tanker shipping company Scorpio Tankers posted a net loss of USD 36.9 million for the third quarter of this year, further widened when compared to the net loss of USD 27.1 million for the three months ended September 30, 2016. For the nine months ended September 30, 2017, the net loss s
Report: USCG Investigating Death aboard Chemical Tanker
The United States Coast Guard has launched an investigation into the circumstances surrounding the death on board the tanker Argent Sunrise, moored off the coast of Richmond, California the local media report. The body of a man in his 30s was recovered from the vessel on Monday, following a report f
Beijing Discovers Anti-Trust Violations at Several Ports
A two-month investigation launched in April this year by China’s National Development and Reform Commission (NDRC) has found various anti-trust violations at the country’s seaports. As a result, Shanghai, Tianjin Port, Ningbo Zhoushan and Qingdao port groups have been ordered to cut the container ha
Spain to Receive USD 1.8 Bn in Damages for Prestige Oil Spill
The Provincial Court of A Coruña, a northwestern city in Spain, upheld on Wednesday the ruling of the Spanish Supreme court from January 2016 over the Prestige oil spill case 15 years after the environmental disaster. As a result, the captain of the ill-fated ship Apostolos Ioannis Mangouras and the
MPA: North Korean Ships Cannot Bunker in Singapore
The Maritime and Port Authority of Singapore (MPA) has informed the shipping community that Singaporean ships may lose their licence if dealing with North Korean individuals. Under the latest update to the sanction against North Korean, Singapore unveiled a prohibition against using the country’s sh
Higher Charter Rate for Diana’s Panamax Bulker
Greek owner of dry bulk vessels Diana Shipping has entered into a time charter contract with Phaethon International Company for one of its Panamax dry bulk vessels, the M/V Naias. The gross charter rate is USD 10,000 per day for a period of about fifteen to maximum eighteen months. The charter is ex
Shipping Leaders Join Forces to Drive Decarbonization Agenda
A group of international shipping industry leaders has decided to work together to drive the decarbonization agenda with a business-focused approach that pushes ahead of regulatory mechanisms. The 150+ group of shipping’s leaders, strategists and entrepreneurs gathered in Bonn, Germany, as part of t
ABB: Electric Propulsion to Become Essential in Shipping
Electric propulsion will become a maritime imperative rather than an alternative, according to Finland-based technology company ABB. The company believes the automotive industry’s wider adoption of hybrid electric systems and autonomous control sets the stage for the anticipated developments in the
Bulker’s 1st Officer Blamed for Collision at Port of Brake
The first officer of Mount Hope, a bulk carrier which collided with a pier at the German Port of Brake on November 11, is in the center of a criminal investigation related to a misconduct, German water police inspection informed. The first findings of the investigation revealed that the first office
US Court: ILWU Guilty of Labor Violations
The International Longshore and Warehouse Union (ILWU) has been found guilty of violating U.S. federal labor laws by the U.S. Court of Appeals for the District of Columbia Circuit. Namely, the court affirmed two National Labor Relations Board (NLRB) decisions based on which the ILWU “engaged in deli
Vietnam Transshipment Operations Kick Off
On November 12, 2017, the Babycape Richard Oldendorff arrived at the Go Gia buoys in South Vietnam with the largest ever bulk cargo to be discharged in Vietnam. The 118,532 dwt bulker berthed at the transhipment platform Lena with a cargo of about 115,000 mt to unload a part cargo of 74,634 mt of co
Höegh LNG Partners Takes Remaining Stake in Höegh Grace
Norwegian-based Höegh LNG has reached a deal to transfer the remaining 49% interest in the entities that own and operate the floating storage and regasification unit (FSRU) Höegh Grace to Höegh LNG Partners. The share in Höegh LNG Colombia Holding, the sole owner of the entities that own and operate
UK Unveils Industry Code of Practice for Autonomous Vessels
UK’s maritime sector body Maritime UK has launched a new Industry Code of Practice for the design, construction and operation of autonomous maritime systems. Seeking to provide practical guidance for autonomous and semi-autonomous vessels less than 24 metres long, the Industry Code of Practice will
NSRI Evacuates Seafarer from Bulker
An ill crewman was evacuated from a bulk carrier which was sailing 3.5 nautical miles off the Port of Port Elizabeth, South Africa, on November 15. The crew member was suffering hypertension, according to a report issued by the National Sea Rescue Institute (NSRI). Justin Erasmus, NSRI Port Elizabet