Green Marine
NY court allows Maersk to move services from GCT to APMT
A New York District Court has ruled against the Global Container Terminals’ (GCT) request for a restraining order against Maersk’s plans to transfer three services from GCT’s New York container terminal over to APM Terminals Elizabeth, New Jersey. The decision comes after GCT tried to stop the prema
Meyer Turku in talks to lay off 450 workers
Finnish shipbuilder Meyer Turku shipyard has launched talks with its employees on the layoff of 450 people as a result of the coronavirus crisis on the yard’s operations. The company said the temporary layoffs would differ in length and that additional 900 people would be affected by other types of
Port of Oakland: We will be facing a new normal due to COVID-19
The coronavirus pandemic could permanently alter container transportation practices, Calfornia’s Port of Oakland cautioned.
Norwegian Cruise Line targets half a billion worth of cost cuts
On the heels of a significant economic blow from the suspension of global cruises due to the COVID-19 pandemic, Norwegian Cruise Line Holdings has had to launch a serious cost-cutting mission to stay afloat. In its latest business update, the cruise line company said that it was targeting a $515 mil
SCHOTTEL propulsion for Hornsea Two service operations vessel
Louis Dreyfus Armateurs (LDA) has selected SCHOTTEL to supply a range of propulsion systems for its service operations vessel (SOV) Wind of Hope. The propulsion system of Wind of Hope is powered by four diesel generators, which drive the electric motors of the SCHOTTEL propulsion package. Two SCHOTT
Klaveness: Fifth CLEANBU newbuild launched in China
The fifth CLEANBU vessel being built for Klaveness Combination Carriers (KCC), part of Norway’s shipping company Torvald Klaveness, has been launched in China.
BW LPG: First LPG retrofit candidates to enter the yard in June
BW LPG, the world’s largest liquid petroleum gas shipping company, has adapted the LPG retrofit schedule for its Very Large Gas Carriers (VLGCs) to the prevailing market conditions leaving the ships to trade a bit longer in the strong near term market. “The four first retrofits are still planned to
Gondan begins construction of Østensjø Rederi CSOVs
Gondan Shipbuilders has started the construction of two commissioning service operation vessels (CSOVs) for Østensjø Rederi. In October 2019, Østensjø Rederi signed a letter of intent for the construction of four CSOVs to meet the increasing demand in the offshore wind market. According to the lates
United States: Carriers get service contract filing relief amid COVID-19
The US Federal Maritime Commission (FMC) will temporarily allow parties to file service contracts up to 30 days after they take effect.
Q1 demand for Alfa Laval’s scrubbers down
Swedish engineering group Alfa Laval saw a significant drop in demand for its exhaust gas cleaning systems (scrubbers) during the first quarter of this year, the company said in its quarterly report. The order intake was down year-on-year amid general uncertainty around retrofit yard slot availabili
ASP Ships Group acquires 50 pct stake in Coastal Bulk Shipping
Australia-based shipping group ASP Ships Group (ASP) has acquired a 50 per cent shareholding in New Zealand’s Coastal Bulk Shipping Ltd (CBS).
Sea-Intelligence: We are at the peak impact of the pandemic in terms of blank sailing
Danish consultancy Sea-Intelligence believes that the container shipping market has reached the peak impact of the pandemic in terms of blank sailings. Voiding of sailings has been a dominating technique adopted by liners to adapt to the drop in demand caused by the COVID-19 pandemic, to cut costs a
ClassNK awards AIP to Imabari’s LPG dual-fuelled bulker
Japan’s classification society ClassNK has granted an Approval in Principle (AiP) to Imabari Shipbuilding Co. for the concept design of a 180,000 DWT LPG dual-fuelled bulk carrier developed in cooperation with Mitsubishi Shipbuilding Co. This was the first LPG dual-fuelled bulk carrier in the world
Ernst Russ wants to further grow within the shipping segment
Germany’s Ernst Russ Group closed the 2019 financial year with positive overall business performance, completing a number of strategically important projects and further expanding as a maritime asset and investment manager.