Green Marine
Boxship, Bulker Sectors Taking a Turn for the Better?
As some of the shipping sectors are now moving into a new phase, Clarksons Research examined improvement indices for four main volume shipping sectors which indicate that bulkers and containerships are moving away from the bottom of the cycle. As explained, a helpful measure of the progress of the c
BigLift, Rolldock Shipping Pull the Plug on Joint Venture
Amsterdam-based heavy-lift specialist BigLift Shipping has decided to end its cooperation with compatriot Rolldock Shipping in the joint venture BigRoll Shipping as of January 1st, 2018, the company said. The reason behind the decision was not disclosed. However, BigLift pointed out that the ongoing
Franbo Lines Buys Supramax from Taiwan Navigation
Taiwanese shipping company Franbo Lines Corp has inked a contract to buy a 51,000 dwt bulk carrier from compatriot company Taiwan Navigation. Scheduled to be delivered by the end of November 2017, the unnamed bulker will become the company’s largest ship. Franbo Lines will pay USD 8.55 million for t
Tank Fire near Mumbai Port Disrupts Vessel Traffic
A massive fire at an oil tank at Jawahar Dweep oil terminal, which started in the evening hours on October 6, has been disrupting vessel traffic at India’s port of Mumbai. According to GAC India, the fire at the oil terminal’s tank started due to a lightning strike. Cargo operations at Jawahar Dweep
Libyan Coast Guard Fires upon Tanker Suspected of Fuel Smuggling
The Libyan Coast Guard has opened fire on a tanker suspected of smuggling Libyan fuel, the Coast Guard said on Saturday, October 7. The Comoros-flagged oil products tanker, identified as Goeast, is reported to have refused to obey instructions from the Coast Guard when approached on Friday while und
Naval Forces Thwart Piracy Attack on Indian Bulker
Indian-flagged bulk carrier MV Jag Amar with 26 crew members on board was rescued from pirate hands on Friday, October 6 while sailing in the Gulf of Aden. The ship was being escorted by INS Trishul, a stealth frigate of the Indian Navy, when a boat carrying out “suspicious manoeuvers” started to ap
Seven Tug Crew Arrested after Cocaine Bust in Atlantic
Seven seafarers have been arrested after Spanish authorities seized close to four tons of cocaine from an ocean-going tugboat in the mid-Atlantic on October 1. Following the arrest of the seven men, six of them from Turkey and one from Azerbaijan, the Comoros-flagged vessel Thoran was towed into the
Stolt-Nielsen’s Profit Down
Oslo-listed Stolt-Nielsen Limited reported USD 49.2 million-worth net profit for the first nine months of 2017, considerably lower from USD 90.3 million posted in the corresponding period of 2016. The company’s revenue in the reporting period stood at USD 1,490.2 million, against USD 1,416.9 million
Exmar Offloads LNG Carrier
Belgium’s owner and operator of gas carriers Exmar has sold the 2003-built LNG carrier Excel. The 138,107 cbm Excel was already delivered to its new owners on October 6, 2017, the company said. However, the identity of the buyer has not been revealed. The net cash proceeds realized by Exmar for its
US Navy Ship Spills Oil near Tijuana River
Hundreds of gallons of oil leaked from the San Diego-based guided-missile destroyer USS Dewey on October 4 while the vessel was near the mouth of Tijuana River, a US Navy spokesperson confirmed. Around 700 gallons of oil were spilled due to a mechanical failure aboard the ship, media reports suggest
Cargo Ship Carrying Broken Glass Refloated at Margate
A cargo vessel was refloated after it dragged anchor and ran aground off the Kent coast, the UK, on October 8, the country’s Maritime and Coastguard Agency (MCA) informed. The incident occurred near Margate Harbour between 30 and 50 meters from shore at around 3:00 a.m. local time. At 2.20 p.m. the
Readers’ Picks of the Week (October 2-6, 2017)
Readers’ Picks of the Week (October 2-6, 2017)
Offshore Energy Exhibition & Conference 2017 – Transformation through Collaboration
It is the time to join the tenth edition of Offshore Energy Exhibition & Conference (OEEC), the largest European event covering the whole offshore energy mix. With oil & gas, offshore wind and marine energy all assembling, the event creates the ideal place to display your products and services to th
Fincantieri Yachts, Claydon Reeves Unveil Linea
British design studio Claydon Reeves, together with Fincantieri Yachts, unveiled a new 90m concept called Linea during the Monaco Yacht Show 2017 held from September 26 to 29, 2017. The aim of the project was to create a superyacht that embodied classic Italian traditions combined with a modern desi