Green Marine
Royal Caribbean’s JV Pullmantur files for reorganisation
Cruises Investment Holding and Royal Caribbean Group (RCL) have filed for the reorganisation of their Pullmantur Cruceros joint venture under the terms of Spanish insolvency laws.
New TMS Cardiff Gas LNG carrier delivered to Total
Greece-based shipping company TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries. The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir. TMS Cardiff Gas took delivery of the newbuild LNG vessel on June 1. Qogir wa
Sea Intelligence: Carriers to see $9 billion profit in 2020 if they manage to keep current rate levels
Container shipping companies’ fight to maintain freight rates high through capacity management seems to have paid off, beating forecasts on carrier profitability. The liners’ ability to adapt to the new normal through a disciplined approach to the deployment of ships comes as a surprise as dwindling
Entire Maersk Line fleet to get Wilhelmsen SBA ropes
The entire fleet of Danish shipping major Maersk Line is to be equipped with Wilhelmsen’s Timm ropes featuring Snap Back Arrestor (SBA), the Norwegian maritime group said.
Stena Bulk to start offering low-carbon shipping options
Following up on the successful biofuel trial in April, Stena Bulk is to introduce low-carbon shipping options for its clients.
Knutsen’s small-scale LNG carrier gets third tank
South Korea’s shipbuilder Hyundai Mipo is continuing works on Knutsen’s small-scale LNG carrier and it has recently installed the third tank onboard the 30,000-cbm vessel. The newbuild will be one of the world’s first small and medium-scale LNG carriers to feature C-type bi-lobe cargo tanks. Hyundai
MPC Container Ships voices bankruptcy fears as it plots $15 million cash-raising to fight corona impact
Oslo-listed feeder owner and operator MPC Container Ships is looking to amend the terms of its $200 million bond issue and collect fresh cash in order to mitigate the negative impact from COVID-19 on the company’s liquidity. To that end, MPC Container Ships Invest B.V., the company’s wholly-owned su
Port of Marseille Fos looking to become LNG bunkering hub
France’s Marseille Fos port is boosting the use of liquefied natural gas as fuel as it aims to position itself as an LNG bunkering hub for the Mediterranean. The port said in a statement it hosted another ship-to-ship LNG bunkering operation last week following the first such operation in early May.
Hafnia says another tie-up in the making while praising Diamond S-Norden consolidation move
Product tanker owner and operator Hafnia, a member of the BW Group, will soon enter a new product tanker segment with industry peers, established under the name of Hafnia Specialized, the company revealed. This business will handle tonnage below 25,000-dwt, Hafnia said, adding that more precise info
Viking Line gets DNV GL verification for COVID-19 management
Finland-based ferry company Viking Line became the first shipping company in the world to get DNV GL’s verification in accordance with its My Care methodology for infection prevention. DNV GL launched the new certification for the maritime industry aimed at facilitating industry players to resume op
Hunter Tankers scores $157 million for refinancing
Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has received binding commitments for a $ 157.5 million loan facility from a syndicate of banks consisting of Danske Bank, DNB, Nordea, and SEB. The proceeds from the facility, along with available cash at hand, will be used
Brittany Ferries cancels contract for LNG-powered ferry at FSG
French shipping company Brittany Ferries and compatriot semi-public company Somanor SAS have confirmed the termination of the construction contract for an LNG-powered ferry with Germany’s Flensburger Schiffbau-Gesellschaft (FSG) shipyard.
Good news from Hapag-Lloyd as infected boxship crew recover and test negative for COVID-19
All crew members on board Hapag-Lloyd’s chartered container ship M/V Montpellier have fully recovered and tested negative for the COVID-19 virus, the company said in an update. To remind, the boxship, deployed by Hapag-Lloyd on its Middle East / India Africa Express (MIAX) Service, was ordered to re
Maersk Tankers launches digital spin-off ZeroNorth
A new digital company named ZeroNorth, a spin-off from Maersk Tankers, has been established, aiming to accelerate digitalization of shipping to address CO2 emissions and boost earnings. The company is making available the software Optimise (previously known as SimBunker) to vessel owners and operato