Green Marine
Durban Update: MSC Boxship, Others Refloated. One Killed by Shipping Container.
The giant boxship MSC Ines which got grounded on Tuesday due to heavy weather in the entrance of the Port of Durban has been refloated, Transnet National Ports Authority (TNPA) informed. The heavy weather has seen winds reach the strength of up to 50 knots South Westerly at peak in places, and heavy
Video: OEEC 2017 Compilation October 10
OEEC 2017 Compilation October 10th from Navingo BV on Vimeo. Offshore Energy Exhibition and Conference (OEEC) 2017 kicked off in Amsterdam RAI on October 10, marking its tenth anniversary. While the event is still in its full swing, you can take a look back at yesterday’s exhibition and conference w
Maersk Tankers Sale Wrapped Up
Danish shipping and energy conglomerate A.P. Møller – Mærsk A/S (APMM) has completed the sale of its tanker business Maersk Tankers A/S to one of its subsidiaries APMH Invest A/S. “Today, the sale has been completed and the shares in Maersk Tankers A/S have been transferred to APMH Invest A/S,” the
SeaIntel: Capacity Not Shrinking in 4th Quarter?
The fourth quarter of 2017 is currently slated for massive overcapacity, contrary to expectations, as the traditional seasonal culling of capacity has not yet been scheduled, according to data provided by SeaIntel Maritime Analysis. When looking at the past five years, SeaIntel informed that 25 sail
Wärtsilä Acquires Guidance Marine
Finland-based technology group Wärtsilä has acquired Guidance Marine Limited in an effort to strengthen its position in vessel position technology. Guidance Marine, a privately owned company with offices in the UK, Singapore and the USA, specializes in sensor solutions relating to dynamic positionin
Milaha Considering Ship Investments Across a Few Sectors
Qatari maritime and logistics company Milaha is evaluating tonnage acquisitions across several sectors at the moment, Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, revealed in an exclusive interview with World Maritime News. Speaking of the strategic investment plans in vessels, takin
AMELS Wins Yacht Order from Espen Øino
Dutch yacht builder AMELS has received an order from Espen Øino for a 78-meter AMELS Full Custom yacht. The contract between the two parties was signed during the Monaco Yacht Show 2017. With a gross tonnage of 2,850 tons, the newbuilding will be the largest yacht constructed at the yard so far, acc
Port of Durban Grinds to a Halt, Three Ships Grounded
Three vessels have run aground in the Port of Durban, South Africa, amid heavy weather that has resulted in the suspension of all vessel movements in the port, Transnet National Ports Authority informed. MSC Ines containership, owned by Switzerland-based MSC container line, is said to be among the a
Video: John S McCain Secures Ride to Yokosuka
US Navy’s Arleigh Burke-class destroyer USS John S McCain (DDG 56) has been moved in preparation for on load to the heavy lift vessel MV Treasure. MV Treasure will transport McCain to Fleet Activities Yokosuka, where it is scheduled to undergo repairs when it arrives at the site in October. John S.
Stolt Tankers Ready to Seize Merger & Aquisition Opportunities
As the separation of Stolt Tankers as a stand-alone company from Belgium’s Stolt-Nielsen Limited (SNL) nears completion, the company is ready to pursue merger and acquisition opportunities that might come its way. “Now we are ready to do another deal, meaning either acquiring a competitor or merging
Spotted: 1st Ever Floating LNG Ship-to-Shore System Launched
As the LNG industry is looking at a new era in LNG distribution, Gas Natural Fenosa and Connect LNG have made the first ever floating LNG ship-to-shore system a reality. During the sea launch of the first full-scale Universal Transfer System (UTS) on October 7, the duo carried out a complete operati
SIU Urges Canada to Uphold Labour Rules for Foreign Crew
The Seafarers’ International Union of Canada (SIU) has called on the Federal Government to uphold labour standards for foreign sailors after it found that the crew onboard a Singapore-flagged vessel were being paid less than CAD 2 per hour. Seafarers aboard the chemical tanker Bro Anna, which has be
BW Gas Gets Financing for BW Integrity FSRU
Credit Agricole Corporate and Investment Bank (CA-CIB) and KfW-IPEX Bank (KfW) have provided a USD 191.8 million post-delivery financing to a subsidiary of BW Gas regarding the company’s second FSRU, BW Integrity, law firm Watson Farley & Williams (WFW) informed. CA-CIB and KfW acted as mandated lea
Clipper Group Sells 16 Ships as Part of Financial Deal
Dry bulk shipping firm Clipper Group has sold 16 vessels as part of its financial agreement, the company confirmed to World Maritime News. The vessels sale included Clipper’s last four multipurpose carriers, a company representative said, adding that the sold bulk carriers remain in Clipper’s commer