Green Marine
TORM’s Profit Dwindles due to Weaker Rates
Denmark’s TORM saw its earnings drop in the first quarter of the year, driven by weak freight rates.
ITF, UAE Sign Deal to Protect Seafarers in UAE Waters
ITF and UAE Federal Transport Authority agree to jointly protect the rights of all seafarers operating in UAE waters.
MAN Joins SEALNG Coalition
Germany’s MAN Diesel & Turbo (MAN) has joined the multi-sector industry coalition SEALNG.
Rolls-Royce, Finferries to Optimise Ship Safety and Efficiency
Rolls-Royce, Finferries agreed to work together to optimise safety and efficiency of marine operations.
Diana Containerships Disposes of Another Post-Panamax
Diana Containerships has signed a Memorandum of Agreement to sell its Post-Panamax vessel, the m/v Hamburg.
Scorpio Tankers Agrees Sale, Leaseback for Five Ships
Scorpio Tankers has agreed sale and leaseback deals for five of its product tankers with AVIC International Leasing.
Wärtsilä Starts Building Hamina LNG Terminal
Construction work on Hamina LNG terminal kick-started as all financial and regulatory hurdles are cleared,
Teekay Tankers Pens Sale-Leaseback Deal for 7 Tankers
Teekay Tankers has signed a term sheet for a sale-leaseback financing transaction for seven tankers.
TT-Line, Stena Line End Cooperation on Rostock-Trelleborg Route
Ferry companies TT-Line and Stena Line are ending their cooperation on the Rostock-Trelleborg route.
Fire-Stricken Maersk Honam Set to Berth Next Week
The hotspots on board Maersk Line’s ultra large containership Maersk Honam have been almost extinguished.
Teekay LNG in Refinancing Mood
Teekay LNG Partners has refinanced an outstanding debt facility of USD 58 million due in 2018.
Report: Biofuels the Most Affordable Zero-Emission Option for Shipping
Advanced biofuels may represent the most affordable zero-emissions alternative for the shipping industry.
Dynagas Partners Delays Purchase of LNG Tanker Duo
Dynagas LNG Partners reached an agreement to further extend the deadline for the purchase of two LNG tankers.
Maersk CEO: Our Q1 Result Was Unsatisfactory
Skou: Q1 performance was unsatisfactory, especially in the ocean-related part of the business.