Green Marine
Lauritzen Kosan Entrusts Entire Fleet to OSM Crew Management
Ship management company OSM Maritime Group has been awarded full crew management of Lauritzen Kosan’s entire fleet of liquefied gas tankers. As informed, the agreement covers 26 refrigerated ethylene, semi-refrigerated and pressurized gas carriers. OSM Crew Management in Copenhagen will coordinate a
Nautilus Calls for Halt to Abuse of REG Ship Registries
Maritime trade union Nautilus has urged the UK government to clamp down on the operation of so-called Red Ensign Group (REG) ship registries from the same locations. In letters to foreign secretary Boris Johnson and shipping minister John Hayes, the union informed that the evidence of tax avoidance
RCL Buys Boxship Newbuild
Thailand-based shipping company Regional Container Lines (RCL) is continuing with fleet upgrade as it decided to acquire a containership newbuilding. The company will buy the 390 TEU boxship from Xinda (H.K.) Shipping Limited and Wenzhou Shenchang Shipping. As informed, the 4,827 dwt ship is expecte
Yang Ming Swings Back to Profit
Taiwan-based shipping company Yang Ming managed to close the third quarter of this year with a profit of TWD 1.26 billion (USD 42 million), compared with losses recorded in the same period of 2016. As explained, Yang Ming’s improved financial status can be attributed to “a combination of strategic a
Scot Navigator
On February 22, 2017, the 3700 DWAT GS Eco Freighter 3700, with yard number 169, was launched at the ‘GS Yard’ yard in Waterhuizen. In mid-June 2017, Scot Navigator left the harbour of Delfzijl in The Netherlands for her sea trials. At the end of that same month, almost immediately after the complet
Readers’ Picks of the Week (November 6-10, 2017)
Readers’ Picks of the Week (November 6-10, 2017)
International Yachts Face Biosecurity Checks in New Zealand
International yachts arriving in Northland this summer will face additional biosecurity checks by the Ministry for Primary Industries (MPI) and the New Zealand Defence Force (NZDF), the ministry informed. MPI is teaming up with New Zealand Customs and the NZDF focusing on Northland as the arrival po
Lithuanian LNG Platform Launched
A liquefied natural gas (LNG) platform aimed at strengthening and developing the LNG market and relevant activities was set up in Lithuania on November 8. The platform was developed by six partners, including AB Klaipėdos Nafta, UAB Ligas, AB Amber Grid, UAB Lietuvos Dujų Tiekimas, Klaipėda Universi
Pilot, Captain Sentenced for ‘Motion Illusion’ Collision
The pilot and the captain of the Panama-flagged car carrier City of Rotterdam, which was involved in a collision with a ferry in December 2015, have received suspended sentences of four months in prison each. Judge Jeremy Richardson of The Crown Court at Kingston Upon Hull, was cited by Hull Daily M
Wessels Reederei to Convert Three More Ships to LNG Operation
German shipping company Wessels Reederei has signed a letter of intent with compatriot engine manufacturer MAN Diesel & Turbo to convert three of its ships to dual-fuel gas operation. The document was inked at the Europort 2017 exhibition of maritime technology in Rotterdam, the Netherlands. The thr
Naval Dome, LR to Develop Cyber Defence Standards for Ships
Israeli cyber security specialist Naval Dome and UK’s Lloyd’s Register (LR) have signed a Memorandum of Understanding (MoU) aimed at establishing standards and guidelines for maritime cyber defence. As part of the collaboration agreement, LR will carry out a series of pilot tests using the company’s
Skangas, Titan LNG Join Forces on LNG Bunkering
Norway-based Skangas and Dutch supplier of liquefied natural gas Titan LNG reached an agreement to work together to provide more availability and optimization of LNG deliveries to the marine segment. The companies recognize that marine customers can benefit from a “one-stop-shop” for their LNG bunke
HMM Shrinks Loss amid Cost-Saving Efforts
Pressured by increased fuel costs and low freight rates, South Korean shipping company Hyundai Merchant Marine (HMM) continued to deliver net and operating losses in the third quarter. The company’s net loss for the quarter ended September 30 stood at KRW 60.3 billion, marking an improvement from a
Overseas Shipholding Cuts Loss in Q3
NYSE-listed Overseas Shipholding Group (OSG) managed to narrow its net loss to USD 6.3 million in the third quarter of this year from USD 98.7 million reported in the corresponding period of 2016. Shipping revenues were USD 93.3 million for the quarter, down 18.3% compared with the third quarter of