Green Marine
Former Maersk CEO Becomes Unifeeder’s Board Chairman
Pan-European feeder and shortsea operator Unifeeder has appointed Nils Smedegaard Andersen, former CEO of A.P. Moller – Maersk A/S, as new Chairman of the Board of Directors. Andersen succeeds former Hapag-Lloyd CCO Jesper Præstensgaard who instead takes up the position as Deputy Chairman. Born in 1
Amsterdam Trade Bank, Mid-Ship Capital Join Financing Forces
Dutch financial institution Amsterdam Trade Bank N.V. has entered into a cooperation agreement with a merchant banking firm based in New York, MID-SHIP Capital LLC. Under the agreement, the parties informed that they will expand their individual businesses by offering specialized credits and loans,
Shipping Still a Moving Target for Cyber Threats
The shipping industry is becoming ever more reliant on technology, making it at the same time more vulnerable to cyber attacks. Protection from cyber threats is key, although there are a lot of uncertainties in this field as well. Obtaining insurance for a company’s assets in case of a cyber attack
Rolls-Royce Presents Yacht with Digital Technology, Hybrid Propulsion
UK-based engineering company Rolls-Royce has unveiled a luxury yacht concept with advanced ship intelligence solutions and hybrid propulsion based on LNG fuel and battery power. Introduced during the Global Superyacht Forum (GSF) in Amsterdam on November 13, the Crystal Blue yacht and its attendant
Fire Forces Passenger Ship to Change Course to Majorca
The 1995-built passenger vessel Tariq Ibn Ziyad suffered a fire in its cargo hold on November 12, which forced the vessel to divert its heading to Majorca, according to the Ministry of Finance and Public Administrations of Balearic islands. The fire started in the early morning hours while the 5,125
Westports’ Nine-Month Container Volumes Down
Malaysian port operator Westports Holdings Berhad saw its container volumes drop in the nine-month period ended September 30, mainly due to the industry’s recent mergers and acquisitions. Container operations handled a total throughput of 6.8 million TEU during the nine-month period, dropping by 8 p
VesselsValue: US Firms Buy Most Auction/Bank Sale Ships in 2017
2017 has seen US owners top the list of buyers of distressed tonnage, snapping up vessels sold at bank sales and at auction deals, VesselsValue said. Asset values reached a 25-year low for bulkers, containers and offshore vessel types in 2016, with a spike in the number of bankruptcies and vessel se
Unions to Fight Against Boskalis’ Fairmount Crew Replacement Plans
Dutch marine services and dredging company Boskalis is planning to lay off 20 crew members and replace them with a cheaper workforce, Dutch union Nautilus NL/FNV Waterbouw said. The Dutch workers are employed with Fairmount Marine, a subsidiary of Boskalis, and have been deployed on five separate ve
Euroseas Delivers Loss as Revenues Rise
The Greek ship owner and operator Euroseas remained in red, despite an improvement in the drybulk and container vessels market witnessed in the third quarter of the year. The company reported net loss for the period of USD 4.8 million, as compared to a net loss of USD 4.6 million for the third quart
Drewry: More ULCVs to Hurt Chances of Supply, Demand Balance
Following a recent spate of ultra large container vessel (ULCV) orders, the addition of any further boxship giants to the orderbook would damage carriers’ chance of reaching a supply and demand balance, shipping consultancy Drewry said. The current containership orderbook is very top-heavy with ship
Nigerian Pirates Free MV Demeter’s Crew
The crew of the Liberia-flagged containership MV Demeter has been released by Nigerian pirates, the spokesman for Peter Doehle Schiffahrts-KG, Cor Radings, confirmed to World Maritime News. According to Radings, the “seafarers are in good condition and have returned to their families” after more tha
Houthis to Target Ships Off Yemen If Ports Don’t Reopen?
The closure of Yemeni ports by the Saudi-led coalition is heating up tensions in the region as Houthi movement threatens to target commercial ships in the region as a sign of retaliation. “The battleships and oil tankers of the aggression and their movements will not be safe from the fire of Yemeni
Grounded Kea Trader Splits in Half
The grounded containership Kea Trader developed a crack and split on the Durand Reef over the weekend, according to New Caledonia’s government. “Four months of continual pounding in sometime storm-force seas and the stress of sitting hard aground a flat rock reef resulted in the m/v Kea Trader fract
Body of Final Missing JBB De Rong 19 Crew Member Found
The body of the last missing crew member of dredger JBB de Rong 19 has been recovered two months after the fatal collision between the dredger and tanker Kartika Segara, the MPA Singapore said in its latest update. “The body was found inside the accommodation structure of the dredger by divers durin