Green Marine

Diana Offloads Capesize, Finds Work for Kamsarmax
Diana Shipping has disposed of a Capesize vessel and inked a time charter contract for a Kamsarmax bulker.

Euronav Taps Into Market’s Best Quarter in 10 Years
Belgian tanker shipping major Euronav has enjoyed strong tanker dynamics in the fourth quarter of 2019.

General Average Declared on Fire-Stricken Northern Jupiter
The ship experienced a main engine fire while it was sailing from Singapore to Port Klang on January 4, 2020.

CSAV Ups Stake in Hapag-Lloyd
CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major.

Study: LNG as Marine Fuel not Such a Cool Choice?
Study: LNG might not reduce greenhouse gas emissions on a life-cycle basis.

Seafarer Happiness Down amid Stress over New Regulations, Increase in Racism
Workload stress caused by changes in regulations among key reasons impacting the seafarers’ happiness level.

Tanker Revenues Boost Performance Shipping’s Earnings
Performance Shipping reported revenue growth in Q4 2019, which was mainly driven by tanker earnings.

Costamare Modernizes Fleet, Enjoys Higher Rates
Costamare buying larger and younger ships.

Global Ports Holding’s JV Acquires Remaining Stake in Malaga Cruise Port
A JV of Global Ports Holding completes the purchase of a minority stake in the Malaga Cruise Port.

Teekay Tankers Seals USD 533 Mn Loan, Sells Assets
Teekay Tankers has closed a new five-year, USD 533 million revolving credit facility to refinance 31 vessels.

Maritime Firms Team Up with Tech Startups to Drive Innovation
Rainmaking matched five maritime giants with eight startups to accelerate innovation.

IBIA: Still Too Early to Draw Conclusions on VLSFO’s Black Carbon Emissions
IBIA: still premature to draw valid conclusions on the level of VLSFO’s black carbon emissions.

Performance Shipping Sells Rotterdam Boxship
Performance Shipping has signed a memorandum of agreement (MOA) to dispose of Rotterdam, a 2008-built boxship.

Scorpio Bulkers Reports Lower Vessel Revenues
Monaco-based shipping company Scorpio Bulkers managed to return to profit in the fourth quarter of 2019.