Green Marine
NCL’s Income Rises despite Hurricane Disruptions
Miami-based cruise company Norwegian Cruise Line Holdings reported a rise in its third quarter earnings, despite disruptions caused by an active hurricane season during the period. NCL delivered a net income of USD 400.6 million in the three months ended September 30, against a net income of USD 342
NRF: US Container Ports to Witness Flat November Imports
After months of record-setting volume ahead of the holiday season, imports at major US container ports should be essentially flat this month compared with the same time last year, the National Retail Federation and Hackett Associates said. “Retailers have been bringing in merchandise since late summ
ECSA: Seafarers, Operators Need Less Administrative Burden
European shipowners (ECSA) and the European Transport Workers’ Federation (ETF) have called for easing the administrative burden that seafarers and ship operators are now facing. “Crews and companies face a worse situation today than before. Rather than having a single European window, diverging nat
TOTE Teams Up with MAN to Retrofit 2 Orca Ships to LNG
TOTE Maritime Alaska, a daughter company of American marine transportation group TOTE, recently contracted MAN PrimeServ, a division of MAN Diesel & Turbo, to convert two roll-on/roll-off (RoRo) ships to dual-fuel operation on liquefied natural gas (LNG). The two 65,314 gross ton vessels, North Star
International Seaways Taps Second-Hand VLCC Market
In line with its previously revealed fleet-expansion plans the US-based tanker owner International Seaways has invested USD 53 million into a 2010-built very large crude carrier. Lois Zabrocky, President & CEO of International Seaways, said earlier that the company was planning to avail of the attra
Bulker Hits Bank in Kiel Canal
A general cargo vessel hit the bank of the Kiel Canal in the night from November 6 to 7, 2017, according to a statement released by German police department Itzehoe. As informed, the 2,400 dwt RMS Ruhrort ran onto the north part of the river embankment in the canal at around 2:00 A.M. local time. [&
ITF: Malaviya Seven Gets Acceptable Bid
The India-flagged platform support vessel Malaviya Seven has reached an acceptable bid and the ship will soon be sold, the International Transport Workers’ Federation (ITF) confirmed. The undisclosed bid has been accepted by the courts for the sale of the M7 from an undisclosed buyer. Irish auctione
Gener8 Maritime’s Loss Almost Doubled in Q3
New York-based shipping company Gener8 Maritime increased its net loss to USD 67.5 million in the third quarter of this year from USD 37.4 million posted in the corresponding period a year earlier. Operating loss for the quarter stood at USD 47.7 million, against an operating loss of USD 25.2 millio
Japan Starts New Whaling Mission in Southern Ocean
Japan started a new “research mission” in the Southern Ocean as the country sent its fleet to continue whaling operations in the area on November 9. The fleet departed from the port of Shimonoseki, Yamaguchi Prefecture, on a mission to catch 333 minke whales through March 2018. Japan’s Institute of
Teekay LNG Nets USD 327 Mn of Financing
Teekay LNG Partners has secured a USD 327 million long-term debt facility to finance a Floating Storage Unit (FSU), the company said. The FSU in question is intended to be chartered on a 20-year charter contract to the Bahrain regasification project commencing in the third quarter of 2018. In additi
Two MEGI LNG Carrier Newbuildings Start Working for Shell
Two MEGI LNG carrier newbuildings, the Macoma and Murex, which were delivered to Teekay LNG Partners in October and November 2017, have started their charters with Royal Dutch Shell (Shell). The pair has been chartered out on six and seven-year charter contracts respectively, with the options for ex
MacGregor to Cut 190 Jobs amid Cost Savings
MacGregor, part of Cargotec, has informed that it could lay off some 190 employees globally as part of its plans to achieve annual cost savings of around EUR 13 million. MacGregor, which employed globally 1,876 persons at the end of September 2017, said that the measures are estimated to affect espe
Indonesian Port Worker Crushed to Death at ICTSI Terminal in Jakarta
An Indonesian port worker was killed on the job at the International Container Terminal Services Inc (ICTSI) facility in Jakarta overnight, according to a statement from the International Transport Workers’ Federation (ITF). A 40-year-old man was fatally crushed at 22.10 local time when a refrigerat
ENGIE Selling Part of LNG Activities to Total
French utility company ENGIE has received a firm and binding offer from compatriot oil and gas firm Total for the sale of its upstream and midstream LNG activities. Under the deal, the company would sell its liquefaction, shipping and international LNG trading, for an aggregate value of USD 2.04 bil