Green Marine
Cocaine Smuggled to New Zealand on Maersk Ship’s Hull
New Zealand authorities have seized the country’s largest cocaine shipment which arrived to the port of Tauranga hidden in a compartment attached to the underwater hull of Maersk Antares container vessel. A spokesperson from Maersk Line confirmed that the shipment was discovered on October 31, when
Canada Seeks to Ban Vessel Abandonment with New Bill
The Government of Canada has introduced the Wrecked, Abandoned or Hazardous Vessels Act in parliament, which aims to prohibit vessel abandonment. The act, also known as Bill C-64, will bring the Nairobi International Convention on the Removal of Wrecks, 2007 into force of law in Canada. It is one of
Platts: Restrictions Leave Over 100 Coal-Laden Ships Idle off China
Over 100 ships loaded with coal were stationary off the southern and eastern coasts of China as at October 31, up sharply from around 36 in mid-September, Platts’ C-flow vessel tracking software showed. The stationary coal ships include ten that are lying idle in the Zhoushan anchorage, three in the
Safe Bulkers Back in Black
Monaco-based dry bulk shipping specialist Safe Bulkers managed to return to profitability in the third quarter of 2017, after seeing losses for an extended period. In the three months ended September 30, the company’s net income reached USD 6.7 million as compared to net loss of USD 24.5 million rep
OOCL Most Reliable Carrier in Q3
In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3%
ACCC: Competition at Australia’s Container Ports Set to Heat Up
Competition between stevedoring companies at Australia’s three largest container ports is set to intensify as there are three stevedores competing at Sydney, Melbourne, and Brisbane, a report from Australian Competition and Consumer Commission (ACCC) finds. The fiercer competition is being announced
Aegean Pulls Out from Physical Supply Market in Singapore
Marine fuel logistics company Aegean Marine Petroleum Network has decided to exit the Singapore market as a physical supplier as of January 2018, after almost 11 years, amid pressure from competition. However, the company said that it would keep a trading presence in the Singapore market by continui
Caterpillar Marine Powers Grand Banks’ New Yacht
The Grand Banks Yachts’ GB60-03, powered by a pair of Caterpillar Marine’s Cat® C12.9 supercharged and turbocharged diesel engines, has completed sea trials. Featuring a length of 19.9 meters and a draft of 1.4 meters, the GB60-03 achieved a top speed of 33 knots during the trial. Caterpillar Marine
Ecospeed Coating to Enter Luxury Yacht Market
Following the introduction of stringent regulations aimed at reducing the impact of leisure craft operations on the marine environment, Subsea Industries is looking to introduce its Ecospeed coating in the luxury yacht market. The Antwerp-based sustainable coatings specialist will market its non-tox
Euronav Remains in the Red
Due to the challenging freight market, Antwerp-based tanker owner and operator Euronav recorded a net loss of USD 28.1 million in the third quarter of 2017, compared to a net profit of USD 0.1 million in the same period a year earlier. The company remained in the loss as it also posted a net loss [&
Armed Pirates Board Tanker off Indonesia
Five pirates armed with knives boarded an oil tanker, identified as GP T2, on Monday, October 30 while it was underway in the Singapore Strait, at approximately 6.5 nm North East of Terumbu Betata, Batam Island, Indonesia. The perpetrators tied up the duty oiler in the engine room, took away some en
AMSA Strips Livestock Carrier from Permit amid Multiple Defects
Australian Maritime Safety Authority (AMSA) found a number of issues on board the livestock carrier Al Messilah during a port state control and livestock pre-loading inspection at the port of Fremantle carried out on October 20. The surveyor found holes corroded in the decks and bulkheads throughout
MPA, Shell Team Up on Clean Fuels, Automation & Port Digitalization
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading (Shell) have signed a Memorandum of Understanding (MOU) to cooperate in the research and development of projects in areas of clean fuel technologies, automation and digitalization. Under the MOU, the duo plans to cooperate
NYK Line Swings to Profit
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) wrapped up the first six months of the fiscal year 2018 with a net income of JPY 6.29 billion (USD 55.5 million), compared to a net loss of JPY 231.8 billion posted in the same period last year. From April 1, 2017, to September 30, 2