Green Marine
Teekay LNG Sets Up New Multigas Pool
Teekay LNG Partners today launched the Teekay Multigas Pool, a new in-house commercial management structure for ethylene-capable liquefied petroleum gas (LPG) and small-scale liquefied natural gas (LNG) vessels. The Teekay Multigas Pool is expected to bring the company’s seven directly-owned ethylen
Astomos, Kuwait Petroleum to Study LPG Bunkering
Japan’s Astomos Energy Corporation and oil company Kuwait Petroleum Corporation (KPC) have agreed to further study the use of liquefied petroleum gas (LPG) as ship bunker fuel. The parties reached a Memorandum of Understanding (MOU) with the aim to enhance cooperation, share and research information
Ten Bulker Crew Members Saved from Pirate Hands off Nigeria
Armed pirates boarded a drifting bulk carrier around 17 nautical miles south-southwest (SSW) off Bonny Island, Nigeria on November 11 and kidnapped ten of its crew members. The pirates reportedly entered the bridge and fired their weapons damaging the bridge windows. “They stole ship’s properties, c
Maersk: Shipping Must Raise Its Game to Cut Pollution
The shipping industry must take responsibility for its fair share of carbon emissions in order to tackle climate change, according to global transportation conglomerate A.P. Moller – Maersk. “Raising the ambition for global regulation remains crucial to ensure shipping’s contribution to reach the Pa
Three Kidnapped Crew Rescued in the Philippines
Three crew members of the bulk carrier Giang Hai have been rescued by the Philippine government troops during a military operation in Kang Tipayan Island, Tawi-Tawi. Apart from the three seafarers, who were freed on November 10, the troops recovered the body of the fourth crewmember. The men were ta
FMC Receives Complaints on 5 Unlicensed Firms
The US Federal Maritime Commission (FMC) said it recently received questions and complaints about some companies shipping cargo between the US and Brazil. The companies in question are Fastway Moving and Storage Inc. DBA Dream Cargo, Fastway Moving and Services Corp., Fastway Moving and Trading Inc.
Navios Partners Delivers Profit in Q3
Greek owner and operator of dry bulk and container vessels Navios Maritime Partners closed the third quarter of this year with a net income of USD 9.2 million, recovering from a net loss of USD 33.9 million reported in the same period a year earlier. EBITDA for the three-month period was USD 41 mill
GTT to Design LNG Tanks for Dynagas’ New Ships
Chinese shipyard Hudong-Zhonghua Shipbuilding has hired France-based Gaztransport et Technigaz (GTT) to design liquefied natural gas tanks for two floating storage and regasification units (FSRUs). The contract is related to two dual purpose vessels, which are capable of operating as efficient LNG c
Impairment Charges Push Team Tankers Further into Loss
Tanker owner Team Tankers International saw its net loss for the third quarter of 2017 widen significantly, mainly due to vessel impairment charges as chemical tanker sector remained challenging. Net loss in the third quarter ended September 30 was USD 36.3 million, or USD 7.5 million excluding a US
Turk Loydu to Certify Panama-Flagged Ships
The Panama Maritime Authority has authorized Turkish classification society Turk Loydu to conduct survey and certification activities for Panama-flagged ships. The two parties signed an authorization transfer protocol in Istanbul on November 7, 2017. In accordance with the signed authorization, Turk
New REG Yacht Code Created
A new yacht code was launched at the Global Superyacht Forum in Amsterdam on November 13, the Red Ensign Group (REG) informed. As explained, the REG Yacht Code has taken into account all the expertise gained across almost two decades of regulating the large yacht sector since the first version was p
Integration of UASC Drives Hapag-Lloyd’s Q3 Profit Surge
German container carrier Hapag-Lloyd closed the third quarter of the year with EUR 54.3 million of net profit (USD 64.1 million), a significantly bolstered earnings when compared to the net profit of EUR 8.2 million posted in the same quarter a year earlier. The Q3 EBIT rose to EUR 180.6 million fro
MSC’s Training Program Pushes Crew Retention Rate Up
Seafarers today are increasingly attracted to sophisticated training, professional development, and long-term employment, a study by MSC Shipmanagement, a part of Mediterranean Shipping Company, showed. The results of the biannual crew engagement survey, which polled more than 4,500 cargo-ship seafa
ACO Marine Introduces New Wastewater Management System for Yachts
ACO Marine, part of German ACO Group, has unveiled a new Clarimar MF wastewater management system for yachts operating with no more than 12 passengers. Using the same technology applied to the larger models used in the commercial, offshore and military sectors, the new Clarimar MF (LY3) is designed