Green Marine

MAIB: European Causeway’s Severe Rolling Blamed on Improper Consideration of Weather Forecast
The ro-ro passenger ferry rolled heavily in very rough seas resulting in cargo shift.

Vale’s Recovery to Be the Biggest Swing Factor for Iron Ore in 2020
Wood Mackenzie forecasts an accelerated recovery in shipments from Q1-20.

Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC
Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance.

BIMCO: Low-Sulfur Fuel Sales Rise as Shipping Industry Responds to IMO 2020
The final quarter of 2019 marked a massive decline of HSFO sales as IMO2020 entered into force.

Safe Bulkers Agrees Sale and Leaseback for Eight Ships
Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

Diana Shipping Secures Work for Kamsarmax Bulker
Diana Shipping inks a time charter contract with Aquavita International for a Kamsarmax ship.

THE Alliance Upgrades Service Network as It Welcomes HMM
THE Alliance has unveiled an expanded service network for 2020 as it is welcoming HMM.

MSI Predicts Dismal Q1 for Bulker Operators
Dry bulk carrier operators don’t seem to have a lot of reasons to be jolly as they enter 2020.

Suez Canal Authority Bans Scrubber Wash Water Discharge
Discharging scrubber wash water in the Suez Canal is strictly forbidden.

Pyxis Tankers Wraps Up MR2 Ship Sale
Greek product tanker company Pyxis Tankers has completed the sale of one of its MR2 chemical/product tankers.

iContainers: Shipping Industry Needs to Tackle Misdeclared Cargo in 2020
Onboard fires caused by misdeclared cargoes is a growing issue that needs to be addressed this year, iContaines says.

One Sea Alliance Welcomes New Chairman
One Sea, the industry alliance promoting autonomous shipping, has appointed Capt Eero Lehtovaara as its new Chairman.

Unprecedented Rise of Crew Kidnappings in Gulf of Guinea
The number of crew kidnapped in the Gulf of Guinea increased by more than 50% y-o-y.

TORM Nets USD 496 Mn for Debt Refinancing
TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders.