Green Marine
HHLA feels negative impact of COVID-19
German terminal operator Hamburger Hafen und Logistik AG (HHLA) reported decreases in both revenue and earnings in the first three months of this year due to the challenging market environment. The company also recorded a moderate decrease in its container throughput and a significant decline in con
TOP Ships buys scrubber-fitted MR trio
Nasdaq-listed tanker owner TOP Ships has acquired three Medium Range (MR) tankers that are being built at the Hyundai Mipo shipyard in South Korea. The ships were bought in an $18 million acquisition from a company affiliated with the company’s Chief Executive Officer Evangelos J. Pistiolis. The ult
Valmet hybrid scrubbers selected for Japanese ferry newbuilds
Finland-based company Valmet has signed a contract with Mitsubishi Heavy Industries’ Shimonoseki Shipyard to deliver hybrid scrubber systems and water treatment units to two ferries. Specifically, the delivery includes Valmet marine scrubber hybrid systems which can be operated both in closed and op
Panama Canal ensures steady draft and transit reliability
Panama Canal has secured a steady draft for the upcoming period ensuring an operational level of water and transit reliability in the second half of 2020, the canal authority said in the latest update. The announcement is being made as the canal resorted to water-saving measures earlier this year af
Odfjell sell stake in Dalian terminal to VTTI
Odfjell Terminals (China) Pte. Ltd. (OTC) has completed the sale of its 50 per cent interest in a chemicals storage terminal in the Port of Dalian to VTTI Terminals, a subsidiary of the Netherlands-based VTTI group.
Development of the world’s 1st zero emissions, autonomous feeder halted due to COVID-19
The development of the world’s first autonomous and electric container vessel Yara Birkeland has been paused due to the COVID-19 pandemic and the changed global outlook, Norwegian company Yara informed. The hull of the Yara Birkeland vessel was launched to sea at Vard Braila in Romania in February 2
BIMCO: The crash of the bunker market and post-IMO 2020 reality
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak tim
Ports in Europe more affected by fewer cargo ship calls, report shows
Many of European ports are already feeling a greater impact of reduced cargo vessel calls than other regions of the world, a new report finds.
Jotun reveals a ‘robotic lawnmower’ to keep ships’ hulls free of biofouling
The Norwegian headquartered firm Jotun has developed a solution that can offer shipowners “always clean hulls”, even in the most challenging operations and environments, the company claims. The unique approach named Jotun Hull Skating Solutions combines remotely operated robotic technology, a specia
Optimarin introduces BWT leasing to ease financial stress on ship owners, operators
Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid chall
Pirates board two ships, kidnap seafarers in Gulf of Guinea
Two new pirate attacks that resulted in the kidnapping of seafarers have been reported in the Gulf of Guinea. It appears that both incidents could be related.
Eagle Bulk installs scrubbers on 82% of its fleet
US-based shipowner Eagle Bulk Shipping has completed its scrubber installation program in early April, fitting exhaust cleaning systems on 41 ships, the equivalent of 82 percent of the company’s fleet. As such, the company expects its off-hire days to be historically low as ships continue trading wi
MISC posts quarterly loss, LNG revenue grows
Malaysian shipping company MISC reported a net loss in the first quarter of this year but the company’s liquefied natural gas business logged a 11.3 per cent rise in revenue. MISC’s 1 .16 billion ringgit ($270 million) loss in the quarter is mainly related to a 1.05 billion ringgit provision on liti
NRF: US container ports brace for double-digit imports decline
Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released by the U.S. National Retail Federation and Hackett Associate