Green Marine
Tanker Owners: Not an Endangered Species Yet
The shifting winds in the oil industry heralding a decline in oil demand amid global shift to renewable sources of clean energy do not necessarily mean that the need for transporting oil and oil products would disappear anytime soon, it was heard at a panel held within the framework of the Maritime
New Initiative to End Use of HFO in the Arctic Launched
The Our Ocean Arctic Commitment, an international initiative to end use of heavy fuel oil (HFO) by Arctic shipping, was launched at the Our Ocean conference in Malta on October 6. As explained, the aim of the initiative is to expand collaboration between the cruise industry, environmental NGOs and i
GSL Targets Up to USD 400 Mn in Notes Offering
Marshall Islands-incorporated containership charter owner Global Ship Lease (GSL) is gearing up to launch its proposed notes offering aimed at collecting between USD 350 and USD 400 million. The company said it has mandated advisors to arrange a series of investor meetings relating to the non-regist
Video: LNG Vessels’ Journey in the New Panama Canal
Liquefied natural gas (LNG) vessels have found a new shortcut through the Expanded Panama Canal and now represent about 9 percent of transits through the new locks. LNG ships, which have an average canal water time 20.5 hours, including waiting and transit times, have one guaranteed reservation slot
Statoil Hires Gas4Sea for LNG Bunkering in Rotterdam
Norwegian oil major Statoil has selected Gas4Sea partners to be its liquefied natural gas (LNG) marine fuel supplier in the Dutch port of Rotterdam for four crude shuttle tankers. The four planned dual fuel vessels are scheduled to come into service in early 2020. They will be operated by Statoil in
Mercator Lines Disposes of Panamax Bulker
Singapore-incorporated Mercator Lines has sold its vessel Prem Poorva to Natalia Shipping Limited. Under the deal concluded on October 9, 2017, the 69,300 dwt Panamax bulk carrier has been sold for INR 247 million (USD 3.8 million), according to the company. As disclosed, Mercator Lines will use the
Port Ban Imposed on Four Ships for Violating North Korea Sanctions
The United Nations Security Council has imposed a global port ban on four ships due to their violation of sanctions against North Korea. The said ships are Petrel 8, Hao Fan 6, Tong San 2 and Jie Shun, which have been designated pursuant to paragraph 6 of the Resolution 2375, a document from the UN
Bahri, DNV GL Team Up on Big Data to Bolster Safety
Bahri Data, one of the six business units within Bahri, has signed a contract with classification society DNV GL to co-develop and jointly leverage their Big Data capabilities for safety, quality and compliance innovation. As part of the partnership, data scientists from Bahri Data and Veracity, DNV
CCS: WMS-DMTS Merger Raises Concerns
The Competition Commission of Singapore (CCS) has raised competition concerns on the proposed merger between Wilhelmsen Maritime Services (WMS) and Drew Marine Technical Solutions (DMTS). Having completed its Phase 1 review of the proposed acquisition by WMS of Drew Marine’s technical solutions, fir
FSL: Deal with Navios Not Feasible
After it terminated an earlier agreement to sell its shares to Navios Maritime Holdings, FSL Trust Management said that the move was made as the proposed transaction “would not be feasible.” The company, a trustee-manager of Singapore-based First Ship Lease Trust, signed a term sheet with Navios in
ITF Puts Spotlight on Labour Violations at ICTSI
An emerging pattern of labour rights violations has allegedly been found at Philippine-based terminal operator International Container Terminal Services (ICTSI), according to an analysis conducted by International Transport Workers’ Federation (ITF). The ITF claims that the report shows that labour
Report: Oman Shipping Adding 10 Bulkers for Aggregate Exports?
Oman Shipping Company (OSC) intends to increase share in the transport market for aggregates and acquire up to ten bulk carriers for that purpose, Tarik Mohammed Al Junaidi, CEO of Oman Shipping Company was cited by the Times of Oman as saying. As explained, the move comes due to a significant growt
Nautilus: Smart Ships Could Change Seafaring
Seafaring could see a transformation amid the new generation of high-tech vessels, which are likely to operate with increasingly reduced crew levels, Nautilus International’s UK branch seminar on maritime automation heard. “Where there are seafarers on ships, they will be in small numbers but will b
d’Amico Tankers Sells Product Tanker Oldie
Ireland-based d’Amico Tankers, a subsidiary of Italian shipping company operating in the product tanker market d’Amico International Shipping S.A., has signed a memorandum of agreement for the sale of MT High Prosperity. The 48,700 DWT medium-range product tanker, built in 2006 by Japan’s Imabari Sh