Green Marine
Heerema Marine Axing 250 Jobs
Over 250 job cuts are planned within restructuring efforts announced on Tuesday by Heerema Marine Contractors (HMC), the Netherlands-headquartered owner of crane vessels. The marine contractor said the restructuring was needed amid continuing low oil price and historic low investments in the oil and
Moody’s Ups Capital Product Partners’ Rating, Outlook Stable
Ratings agency Moody’s has upgraded the corporate family rating of Athens-based Capital Product Partners with a stable outlook. The CFR was revised to B1 from B2 and the probability of default rating to B1-PD from B2-PD. “Our decision to upgrade CPLP’s rating follows an approximately USD 116 million
K Line Names New LNG Carrier for Ichthys Project
Japan’s shipping major Kawasaki Kisen Kaisha (K Line) has named a newly-built liquefied natural gas (LNG) carrier at Mitsubishi Heavy Industries’ Nagasaki Shipyard. The vessel, named Oceanic Breeze, will be time-chartered by INPEX Shipping, a fully owned subsidiary of INPEX, and will transport some
Uruguay Detains Stowaways Who Threatened Bulker Crew
Uruguayan Navy has detained four stowaways that threatened the crew aboard the bulk carrier Friederike. The four men reportedly boarded the 57,400 dwt bulker while it was in the Nigerian port of Lagos. In the morning hours of October 21 the authorities received a distress call from the ship’s captai
India Launches Its First Ro-Ro Ferry Project
India inaugurated its first Ro-Ro ferry project, set to decrease travel time between Gujarat’s Gogha and Dahej ports, on October 22. The Gujarat Maritime Board (GMB) project is expected to cut the travel time between the ports from 7 hours to 2.5 hours, according to Essar Projects, the project’s pri
Alphaliner: Global Container Trade Growth Bounces Back
Driven by strong volume growth across all main regions, the global container throughput growth is on track to exceed 6% in 2017, according to Alphaliner. Following a strong first half growth estimated at 6.7%, third quarter throughput figures have remained robust. Chinese ports (including Hong Kong)
Singapore: Two More Bodies of Dredger Crew Recovered, One Still Missing
Two more bodies of seafarers, former crew members of JBB De Rong 19 dredger, have been recovered in Singapore territorial waters since the fatal collision between the dredger and tanker Kartika Segara that occurred on September 13. This brings the total body count to four of the five persons that we
Stena Line, Port of Trelleborg Start With Onshore Power Supply
As the first ferry company in the Swedish Port of Trelleborg, Stena Line will now be connecting up its two vessels M/S Skåne and M/S Mecklenburg-Vorpommern to the electricity grid during their calls at the port. At present, four of the company’s six ports in Sweden are now connected to the local ele
Scorpio Bulkers Shrinks Net Loss, Initiates Dividend
Monaco-based dry bulk shipping company Scorpio Bulkers has managed to cut its net loss for the period ended September 30, on the back of an improvement in dry bulk rates. For the third quarter of 2017 the company’s GAAP net loss was USD 10.7 million, compared to a GAAP net loss of USD 21.3 million r
Six Crew Kidnapped from Containership off Nigeria
Six crew members, including the captain, were kidnapped from the Liberian-flagged containership Demeter while the ship was sailing some 50 nautical miles south-west of Bonny, Nigeria on October 21st. An armed group of eight pirates managed to board the boxship after an exchange of fire, a Dryad Mari
ULCV Number at Hamburg Port Rises Rapidly
The Port of Hamburg has seen a steep rise of ultra large container vessels (ULCVs) visiting the port over the past two years. In the first half of 2017, ships with a capacity of 18,000 TEU or more called at the port 54 times – more than five times as compared to the first half […]
Body of Man Found after Louisiana Rig Explosion
Authorities have located the body of a man who went missing following an oil platform explosion in Lake Pontchartrain, Louisiana on October 15. The Jefferson Parish Sheriff’s Office informed that the body of the 44-year-old man, Timothy Morrison, was recovered on October 20 on the lake’s shoreline i
Crew Member Missing from MSC Boxship
A crew member has been reported missing from MSC containership MSC Giannina, a Geneva-based spokesperson from the company confirmed to World Maritime News. The incident took place while the 2,054 TEU Sub Panamax containership was en route from Gioia Tauro to Genoa, Italy, last week, between the 19th
Noatum Ports Offloads Las Palmas Terminal
Noatum Ports, the terminal division of Swiss-based container shipping company MSC, has confirmed the sale of all shares in Operaciones Portuarias Canarias S.A. (OPCSA Las Palmas) to Terminal Investments Ltd. With the purchase of Noatum’s 45 pct shares, Terminal Investments Ltd has gained full contro