Green Marine
Maritime bodies release plan to resolve crew change crisis
Prompted by the growing crisis affecting around 150,000 seafarers stuck at sea and unable to sign off from their ships, the international maritime bodies have developed a set of protocols aimed at resolving the burning issue. The International Maritime Organization (IMO) has released the protocols i
Euronav posts massive surge in Q1 profit
Antwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker dynamics having reported $225.6 million of profit in the first quarter of 2020. The figure is a massive surge when compared to a profit of $19.5 million in Q1 2019. The company’s revenue almost doubl
Hyundai Heavy wins order for two crude carriers
Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has secured an order for two crude oil carriers.
Hapag-Lloyd CEO: We are well-positioned to weather the storm
The COVID-19 pandemic seems to have shattered the ability of analysts to predict the outlook for the global economy putting a veil of uncertainty on different market prospects including shipping. Predictions are being revised downwards ever more frequently as new metrics and factors are being consid
Port of Long Beach bags $500 million loan
The Port of Long Beach has secured a $500 million loan from the U.S. Government to help finance a massive infrastructural project aimed at allowing larger ships to enter the port. “This $500 million federal investment reflects the President’s continued emphasis on infrastructure that will reduce tra
Baleària eyes COVID-19 safe certification for its ships, terminals
Spanish ferry operator Baleària is working towards being the first shipping line in the world to obtain the Global Safe Site Covid-19 badge at the highest level (Excellence) from the international certification and inspection body Bureau Veritas.
Scorpio Tankers bolsters liquidity, defers scrubber projects on 19 tankers
Monaco-based tanker owner and operator Scorpio Tankers has secured additional liquidity having received new loan commitments for debt repayment. The company said it had received a commitment for a new credit facility for up to $225 million. The loan, still to be finalized, is expected to consist of
CMA CGM receives Sub-Panamax newbuild
French container shipping major CMA CGM has taken delivery of CMA CGM Sinnamary, a Sub-Panamax newbuild vessel.
Hamann technology for new US research ships
Germany’s Hamann AG is supplying sewage and wastewater management systems for three new US regional-class research vessels (RCRV) currently under construction at Gulf Island Shipyards in Houma, Louisiana, USA.
Norden had its best first quarter since 2015
Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted result of $29 million, compared to $7 million seen in Q1 2019.
DHT Holdings delays scrubber installations amid strong market
Crude oil tanker company DHT Holdings has postponed the installation of scrubbers on five of its ships, leaving the ships to trade for a while longer and reap fruit from a strong tanker market. The company currently has 13 ships fitted with scrubbers out of the planned 18 very large crude carriers s
HHLA receives two more mega-ship cranes
Two new container gantry cranes arrived at the HHLA Container Terminal Burchardkai (CTB) on 4 May, providing the terminal operator with additional capacities for handling 24,000 TEU+ ultra large container vessels (ULCVs).
Crowley to install Inmarsat’s Fleet Express on its ships
Florida-based ship owner and operator Crowley Maritime Corp. has signed a contract with satellite communications provider Inmarsat to install high-speed broadband service Fleet Xpress on a majority of its vessels. The deal was signed following successful trials in Alaska on Aframax tanker, Californi
ExxonMobil: Cylinder lubrication must adapt to a multi-fuel reality
The impending acceleration of decarbonization efforts to meet the IMO’s 2050 targets is expected also to speed up the development of new more environmentally-friendly engine designs. Aside from the very low sulphur fuels, engines of the future are expected to be powered by a number of alternative fu