Green Marine
Abu Dhabi Ports Inaugurates Trade Digitalization Platform
Maqta Gateway, Abu Dhabi Ports’ digital platform which aims to digitalize trade and streamline the exchange of information, was officially inaugurated in Abu Dhabi on October 3. The platform offers ports, exporters, importers, shipping lines, customs and government agencies a single point of contact
Cochin Port Suffers ‘Huge’ Loss due to Sunken Vessel
The recent sinking of a fishing vessel in the navigational channel of Cochin Port Trust has caused a number of losses to the port. The direct loss incurred for salvaging the sunken vessel was INR 2.95 million (around USD 45,150), the port said in a statement, adding that the indirect loss due to can
Operations at Barcelona, Tarragona Ports Hit by Catalonia Strike
The strikes being staged in Catalonia following the Spanish government’s crackdown on voters of Sunday’s independence referendum in Catalonia is affecting operations at Spanish ports of Barcelona and Tarragona. Workers in Catalonia took to the streets protesting the violence of the country’s police
Finnlines Offloads Ro-Pax Vessel
Finnish RoRo and passenger shipping company Finnlines Plc has sold the ro-pax vessel, MS Finneagle, to the Grimaldi Group, the company said. The sale is said to be part of a strategy aimed at optimising the use of the company’s vessels and routes in order to improve its profitability. MS Finneagle w
Seafarer Electrocuted aboard Bulker in Australian Port
A seafarer was electrocuted on board the bulk carrier Efficiency OL while the ship was at berth in the port of Bunbury, Western Australia. The incident occurred in the evening hours on Saturday, September 29, a spokesperson for Southern Ports told World Maritime News. The ship’s Chinese crew discove
Safe Bulkers Secures Fresh Funds to Pay Back Loans
Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company said. The refinancing was carried out via a new loan facility of USD 49.6 million and USD 17 million cash on hand, resulting in a debt write-off of about USD 8.3 million. “We continued
India’s Paradip Port Receives 1st Cargo of Crude Oil from the US
The first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation arrived from the US at Paradip Port on October 2, 2017. The cargo was carried on board New Prosperity, a very large crude carrier (VLCC). The ship, having a capacity of 2 million barrels of crude, left US Gulf Coast
Diana Shipping Agrees Higher Rate for Panamax
Greek dry bulk ship owner Diana Shipping has secured a charter contract for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia, at a higher rate. Under an agreement, reached with Rotterdam-based Glencore Agriculture, the 77,525 dwt vessel will be chartered at a gross charter rate of US
Libya’s Port of Benghazi Reopens
After a three-year-long closure due to the military conflict in the country, Libya’s Port of Benghazi reopened on October 1, 2017. The port opening was marked with the arrival of an oil tanker from Tobruk with Abdullah al-Thinni, the Prime Minister of a government based in the east, on board the shi
Gener8 Maritime Cuts Contract Price for New VLCC
US-based Gener8 Maritime has reached an agreement with Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to cut the price for the company’s final VLCC newbuilding. Under the amendment, entered into on September 26, the parties agreed a USD 19.3 million reduction in the contract price,
BaltNav to Operate Part of Pioneer Marine’s Fleet
Singapore-based dry bulk shipping company Pioneer Marine entered into a cooperation with Danish charter operator BaltNav A/S on October 3. As informed, part of Pioneer Marine’s bulk carrier fleet will be commercially operated by BaltNav which already operates a fleet of about 15 Handysize vessels. “
C Star’s Crew Left Unpaid in Barcelona
The crew of the vessel C Star have been caught in between a dispute which left them abandoned unpaid in Barcelona. The rightwing youth group Defend Europe, which chartered the vessel, informed that they paid their charterer accordingly, adding that they left the ship after the charter contract ended
DP World Chief Visits Africa to Discuss Development Projects
Dubai-based port and terminal operator DP World revealed plans to participate in a number of infrastructure development projects in West and North Africa. This was confirmed during recent visits of Ahmed Bin Sulayem, DP World Group’s Chairman and CEO, to Senegal, Mali, Ghana, Algeria and Gambia. The
CSAV Wants 25 Pct Stake in Hapag-Lloyd
Chilean shipping company Compañía Sudamericana de Vapores (CSAV) has set sights on increasing its stake in German counterpart Hapag-Lloyd to at least 25 percent. CSAV is one of the primary shareholders in Hapag-Lloyd and based on the information from July this year it held 22.6 percent share in the