Green Marine
Drunken Master Suspected of Gross Negligence after Freighter Grounds off Sweden
Master of the freighter that got grounded on a sandbank off the Swedish coast said to be drunk.
Yilport Gets Nod for Italian Terminal Concession
Yilport Holding has moved closer to its concession of the container terminal at Italy’s Port of Taranto.
Ordeal of 57 Abandoned Ukrainian Seafarers Finally Over
MTWTU: 57 Ukrainian seafarers return home after being left high and dry at sea.
Star Bulk Closes Acquisition of 16 Bulkers
Star Bulk closed purchase of 16 bulkers from Augustea Atlantica, York Capital Management entities.
Volvo Penta Sets 2021 as Deadline to Introduce Electric Power
With the aim of becoming a driving force in sustainable power solutions, Volvo Penta is going full charge into hybrid and all-electric drivelines, offering electrified solutions in both its marine and industrial segments by 2021. Volvo Penta has issued a statement of intent with the news that by 202
Thun Tankers Adds Ship for Deliveries into Restricted Ports
Thun Tankers has reached an agreement to strengthen its fleet with the 2011-built tanker Wisby Teak.
EU’s Anti-Piracy Operation Gets Extension
European shipowners: EU decides to extended the anti-piracy Operation Atalanta until the end of 2020.
Hapag-Lloyd: Carriers Would Need to Choose Low Sulfur Fuel
Hapag-Lloyd: The bulk of global container fleet will have no other choice than to switch to low sulfur fuel for IMO 2020.
GasLog Shrinks Loss, Remains Optimistic
GasLog managed to cut its net loss amid a seasonal weakening in demand for LNG shipping.
SC Lowy Acquires Shipping Loan Portfolio from Italian Bank
SC Lowy acquires the portfolio of bad shipping loans from Banca Monte dei Paschi di Siena.
DP World Says London Court Ruled against Djibouti
DP World: Court found that Djibouti’s concession termination for Doraleh Container Terminal was illegal.
Ardmore CEO: MR Charter Market Took an Unexpected Hit in Q2
The MR product tanker market took an unanticipated blow from a number of one-time events in q2 2018.
Navios Partners Buys Two Bulkers, Delivers Loss
Navios Partners reached a deal to buy bulk carrier duo from its affiliate, Navios Maritime Holdings.
Drewry: Container Port Utilisation Levels Set to Rise
Drewry: Average utilisation levels are expected to rise markedly across almost all regions of the world by 2022.