Green Marine
Construction Starts on New West Port in Kalundborg
The construction of the New West Port in Kalundborg in Denmark has officially begun with the ceremonial throwing of a gold-plated stone into Kalundborg Fjord at the place where the new port area is scheduled to be completed in a couple of years. The gold-plated stone was thrown over the railing by m
Celebrating 10 Years of Offshore Energy
Offshore Energy Exhibition & Conference brought together over 550 exhibitors and 12,145 visitors in halls 1, 2 & 5 of Amsterdam RAI. While the number of exhibitors slightly decreased compared to 2016, the visitor number increased. The conference attracted over 1,300 delegates who attended 20 session
Diana Sends Bulker Grounded in July to Scrap
Greek shipping company Diana Shipping has decided to scrap its 2004-built vessel Melite which sustained damage to its hull as a result of grounding earlier this year. The company informed that it has signed, through a separate wholly-owned subsidiary, a memorandum of agreement (MOA) to sell to an un
TOTE’s Productivity Increases at Port of San Juan
Jacksonville-based TOTE Maritime has reported an overall productivity rise at the Port of San Juan as more containers leave the terminal for communities around hurricane-stricken Puerto Rico. On October 9, the terminal’s productivity reached 87 percent with more than 330 loads of relief and commerci
Q3 2017 Bottom of Current Tanker Market Cycle
The third quarter of 2017 has seen tanker fleet utilization drop to levels last seen in 2013, according to the latest report from Clarksons Platou Securities. The fundamentally soft conditions in the market were further aggravated by seasonal weakness and reductions in Saudi Arabia’s crude exports i
MAIB: Alcohol May Have Led to PLA Pilot’s Fatal Fall
Alcohol consumption is likely to have contributed to an accident during cargo vessel boarding in October 2016, which led to the loss of life of a Port of London Authority (PLA) sea pilot, according to a report by Marine Accident Investigation Branch (MAIB). On October 5 the pilot Gordon Coates was a
Bulkers Crash in Brazil
Two bulk carriers, UK-flagged Eden Bay and Bahamas-flagged Mazury collided in the Fazendinha anchorage area, Amazon river, Brazil on Wednesday, October 11. The 2008-built Eden Bay is owned by Pioneer Marine, while Mazuri is listed as part of Polish shipping company Polsteam’s fleet. As informed, the
TSB: SBI Carioca Refloated at High Tide
The bulk carrier SBI Carioca, which ran aground around 8 am on October 11 off New Brunswick, was refloated with the help of two tugs at high tide in the evening hours the same day. The vessel is scheduled to dock at Belledune “sometime this morning,” Pierre Murray, Transportation Safety Board (TSB)
Contanda to Build Terminal on Houston Ship Channel
Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, has signed a multi-year commercial agreement with the Port of Houston Authority for 339 acres of deep-water access property located on the Houston Ship Channel. Contanda’s automated terminal facility w
Berth Productivity Rises at ICTSI’s Manila Terminal
International Container Terminal Services, Inc. (ICTSI) has seen record productivity at its flagship Manila terminal in the Philippines for August and September. The Manila International Container Terminal (MICT) posted an increase in berth productivity of 22 percent and 13 percent for the two month
Pacific Basin Eyes More Second-Hand Ships
Following the purchase of five dry bulkers in August, Pacific Basin Shipping Limited is exploring more acquisitions of second-hand tonnage lured by attractive prices. “We will continue to look at attractive secondhand ship acquisition opportunities if they can generate a reasonable payback at prevai
INTERCARGO’s Registered Ships Up by 48 Pct
The number of ships registered in the International Association of Dry Cargo Shipowners (INTERCARGO) has surged by 48 percent in the first three quarters of 2017. As a number of new members joined the association during the period and existing members added significant number of ships, INTERCARGO pa
Spotted: Cruise Ship Duo Checks In at DP World Limassol
As the autumn cruise season already kicked off at the DP World Limassol, two cruise ships called at the terminal on the same day, September 27. Mein Schiff 1, owned by German cruise line TUI Cruises, berthed overnight at the terminal. The 76,522 gross ton vessel features a length of 263.9 meters and
MarCy17: Profitability Is Around the Corner?
Regaining profitability in the freight transportation industry is a tangible target for the very near future, it was concluded during a panel on Market Forecasting on the final day of Maritime Cyprus 2017 conference in Limassol on Wednesday. The prediction has been based on improving fundamental bal