Maersk Line announces the launch of ECUMED, the weekly liner service connecting Ecuador directly with Spain, Turkey and the Black Sea. ECUMED will provide the fastest transit time in the market along with the best in class reefer facilities and schedule reliability. “Investment in the new ECUMED ser
Optimal ship routing is understood to entail reducing voyage costs while maintaining safe passage. However, seaway and weather conditions can pose variables that require modification of the initially planned route. GL Maritime Software’s navigational decision-making support system GL SeaScout 2.0 ha
DREWRY’s latest annual report predicts big increases in vessel operating costs with oil prices remaining high, pirates driving up insurance… (Exim) [mappress] Source: Exim, August 29, 2011;
North Sea Tankers announces the latest addition to their fleet, M/T Bomar Mercury (Ex. Görkem Bey), recently purchased by North Sea Tankers tonnage partner Borealis Maritime Ltd. The delivery to NST is expected for the second week of September and M/T Bomar Mercury will be Borealis Maritime’s third
The Group’s strong cash flow and healthy balance sheet make it possible to invest in long term profitable growth of our core businesses in spite of short term market volatility and risks. In the first half-year of 2011 alone, the Group has executed and committed to new investments of more than USD 1
Yesterday the Prirazlomnaya offshore ice-resistant stationary platform has been delivered to the Prirazlomnoye field in the Pechora Sea. Experts are to fix the platform on the seafloor at a previously prepared site. Afterwards, they will start to surface the platform perimeter with crushed rock and
Somali pirates on Friday freed a Greek-operated oil products tanker and its crew after holding them hostage for nearly 10 months… (Reuters) [mappress] Source: Reuters, August 28, 2011;
The Georgian Border Police detained a vessel flying under the Marshall Islands flag in the Kulevi port, the department reported on Friday… (TrendAZ) [mappress] Source: TrendAZ, August 26, 2011;
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk… (barentsobserver) [mappress] Source: barentsobserver, August 26, 2011;
Last weekend the platform supply vessel Durga Devi (ex VOS Prevail) was taken over by the Singapore-based ship owner Chellsea Pte Ltd in the port of Esbjerg. Niels Winther acted as owner’s agent and handled the local formalities. In addition to this, a ceremony in connection with the handover of the
The National Science Foundation (NSF) yesterday announced it has reached an agreement with a Russian company to charter a diesel icebreaker to create a channel through the sea ice of Antarctica’s McMurdo Sound that will allow the annual refueling and resupply of two U.S. stations in Antarctica. NSF
The fishing guilds from Cadiz and the Andalusian autonomous government have rejected the proposed reform of the Common Fisheries Policy… (FIS) [mappress] Source: FIS, August 26, 2011;
TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an equity line financing agreement in the amount of $10 million with Sovereign Holdings Inc., a comp
Westmark BV’s anti-piracy product, P-Trap®, has been shortlisted for the Lloyd’s List Awards, Global 2011. The ceremony, taking place September 20 in London, is considered the shipping industry’s most acclaimed, credible and well-supported event. Each year, the Lloyd’s List Awards, Global acknowledg
