Green Marine
Stena Line, Doyle Shipping Group Take Dispute to Court
Ferry operator Stena Line and Doyle Shipping Group have launched legal proceedings before the UK’s Commercial Court over a dispute on the provision of services for ferry docking in Dublin Port, Stena Line spokesperson confirmed to World Maritime News. The move is being undertaken on the heels of Ste
Gallery: Southampton Hosts 20,568 TEU Maersk Newbuild
Image Courtesy: ABP Southampton ABP Southampton welcomed the 20,568 TEU newbuilding Milan Maersk on November 7, the largest containership to visit this port. In 2016, the largest container vessel calling in Southampton had a capacity for 16,000 containers. So far this year, the terminal welcomed MOL
ICTSI’s Net Income Edges Up
Philippine terminal operator International Container Terminal Services (ICTSI) saw a 5 percent rise in net income reported for the first nine months of the year. Net income attributable to equity holders stood at USD 149.3 million, against USD 141.9 million earned in the same period last year. The i
Finnish LNG Terminal to Receive First LNG Cargo Soon
After reaching the point of being technically ready to use, the Tornio Manga LNG receiving terminal in Finland is now scheduled to welcome its first shipment of liquefied natural gas. The next step of the project is expected to take place in November 2017 when the shipment is scheduled to arrive at
MOL Turns to Artificial Intelligence to Verify Vessel Performance
Japan’s Mitsui O.S.K. Lines (MOL) has teamed up with Fujitsu Laboratories, and Tokyo University of Marine Science and Technology to verify the accuracy of technology to estimate vessel performance at sea by applying Fujitsu’s artificial intelligence (AI) technology, FUJITSU Human Centric AI Zinrai.
Fincantieri Yachts Unveils New Yacht Concept
Fincantieri Yachts has unveiled a concept of Ganimede 110M yacht designed by Hot Lab. The 4,250 gross ton yacht will feature a length of 113 meters and a width of 15.7 meters. The vessel will have 6 decks and will be able to reach a maximum speed of 19 knots. On board Ganimede, owner and […]
Higher Cargo Volumes Push Finnlines’ Earnings Up
Finnish RoRo and passenger shipping company Finnlines reported an increase in its earnings in the third quarter of 2017, mainly driven by higher cargo volumes. The company’s revenue for the third quarter of 2017 was at EUR 145.2 million, rising by 11.4 percent from the EUR 130.4 million reported in
Aegean Anticipates Q3 Loss due to Tough Market
Marine fuel company Aegean Marine Petroleum Network Inc. expects to report a net loss for the third quarter of 2017 ranging between USD 3.4-4.4 million as a result of volatile market conditions dominating the first half of the year. The loss is being announced despite Agean’s efforts to cut costs as
Body Count Rises to Four in Bilal Bal Sinking
Another body of the crew of the sunken cargo ship Bilal Bal has been recovered, bringing the total body count to four, according to the Turkish Coast Guard. The authorities are continuing their search efforts for the remaining six seafarers who were reported missing after the 2,999 dwt ship sank on
SeaIntel: Container Shipping Industry Favours Tax Havens
Over the past 30 years, there has been a constant shift toward registering container carriers in countries dubbed as tax havens, according to the findings released by SeaIntel Maritime Analysis. The container shipping market data provider said that it has used the report: “Tax Havens: International
ICS: Port State Control to Abandon BGW Lists?
Port state control (PSC) regimes globally could move away from black, gray and white (BGW) performance lists, and focus on expanding an individual ship risk profile approach, according to Intermaritime Certification Services (ICS Class). The proposal was made at a recent workshop held at the Interna
Panama Canal Welcomes 1st Cruise Ship in 2017/18 Season
Image Courtesy: Panama Canal Authority On November 7, the Caribbean Princess became the first cruise vessel of the 2017/2018 cruise season to transit the Expanded Panama Canal. As part of its roundtrip itinerary, the Caribbean Princess, operated by Princess Cruises, did a turnaround transit through
Teekay, TIL Shareholders Advised to Back the Merger
Proxy advisory firms of Tanker Investments Ltd (TIL) and Teekay Tankers have recommended that the shareholders of the two companies vote for the merger the two tanker majors announced in June this year. Specifically, Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. advised Teekay
ICS: Zero Carbon Shipping Future Achievable
The International Chamber of Shipping (ICS) has a vision of zero CO2 emissions from shipping in the second half of the century, ICS Director of Policy, Simon Bennett said while speaking at United Nations Climate Change Conference (COP 23) in Bonn. “We are confident this will be achievable with alter