Green Marine
Norway: KOTUG Celebrates 25th Anniversary
Over the past 25 years international maritime service provider KOTUG has been transformed from a European to a global player in the maritime industry. KOTUG’s family history goes back more than a century. In 2013 KOTUG is celebrating its 25 years jubilee. From European to global player As a fast gro
Shipping Confidence Reaches Highest Level for Two Years
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. There was improved expectation of freight r
Germany: AIDAbella Calls at Lloyd Werft
Nine day stay for “AIDAbella” from April 2nd. Order prospects improve after Kaiserhafen shipyard re-organisation. “She’s an eye-catching ship but not a big job“, says Rüdiger Pallentin. That however will not be the most important thing for the Member of the Executive Board of Lloyd Werft Bremerhaven
Höegh LNG Swaps Ownership Obligation with Option to Buy 100 Pct of STX Frontier
Höegh LNG and STX Pan Ocean (STXPO) have renegotiated the initial agreement and reached a new agreement whereby Höegh LNG foregoes the right and obligation to take delivery of 50% of the vessel in exchange for an option to buy 100% of the vessel. The option expires in 2Q 2013. STXPO confirmed today
Russia: Gazprom, Sovcomflot Discuss LNG Marine Shipping
Gazprom’s CEO Alexey Miller and Sergey Frank, Director General of Sovcomflot met at the company’s headquarters in Moscow. “The parties discussed the cooperation in arranging marine shipping of liquefied natural gas (LNG), among other things, to Asia-Pacific markets,” Gazprom said in a statement. In
Lloyd’s Register Publishes New Guide on How to Manage Asbestos on Ships
Lloyd’s Register has published a new guide, Asbestos on ships – how to manage it safely, to help shipowners, operators and all stakeholders understand how to deal with asbestos on ships and to support compliance with maritime asbestos regulations which, since 2002, have widely prohibited the continu
Transas Marine Launches Remote Worker Tracking System
Transas Marine launches its brand-new Remote Worker Tracking System (RWTS), enabling clients to substantially increase OHS levels in construction works on offshore structures such as wind and wave generators or any other offshore platform, by offering an innovative and easy-to-use personnel tracking
‘Santa Cruz’ Sailing under Luxembourg’s Flag
Previously operated by Hamburg Süd under the Liberian flag, the container ship “Santa Cruz” (7,100 TEU) is now flying Luxembourg’s flag. The change of flag was carried out in the Port of Hamburg yesterday. The “Santa Cruz”, which sails in the Europe – South America East Coast liner service, is the f
DeMaCo to Build LNG Transferlines for Skangass (Norway)
DeMaCo, the Dutch specialist in cryogenic infrastructures, has acquired an order to build the LNG transferlines for a ferry bunker system operated by Skangass. The system will be realized in the Norwegian port of Risavika, near Stavanger. DeMaCo’s direct client is Cryonorm Systems from Alphen aan de
FoundOcean Wins Major Contract to Help Raise Costa Concordia Wreck
Scottish-based FoundOcean has been working at the Costa Concordia wreck removal site since October 2012, having been awarded the scope of work to design, manufacture, and grout 2,500 fabric formworks, which will support the ship’s hull during the up-righting phase of the salvage operation. FoundOcea
Drewry: Coal Continues Capesize Problems
A decline in demand for Capesize vessels has been countered by an improvement in demand for Panamax vessels, according to the latest Dry Bulk Insight, published by Drewry Maritime Research. This left the Drewry Hire Index unchanged from January’s level. Panamax was the sole segment to record an impr
OTS Takes Part in Costa Concordia Removal Project
The Concordia shipwreck shall be parbuckled – a term for “rolling over” a ship – using the synthetic Dextron 12 Plus fiber rope, produced by the Norwegian company Offshore & Trawl Supply (OTS), as an important component of the parbuckling system. The synthetic fiber ropes are manufactured at the com
Hellenic Carriers Enters Charter Contract for MV Konstantinos D (Greece)
Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, announces that the vessel M/V Konstantinos D has been fixed for a period of 5-8 months at a daily gross hire rate of US$ 8,900. The charter commenced on 20 March 2013, the earliest expiration
Drewry: VLCCs Continue to Struggle
The market continues to struggle and Drewry’s latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February. Weak demand hammered freight rates on major routes, especially for the larger vessel segments. The impact of weak rates was amplified by high bunker p