Green Marine
SAMSA releases bulker involved in throwing stowaways overboard from detainment
The Panama-flagged bulk carrier Top Grace, which was detained in South Africa last month after it was found that its crew threw overboard two stowaways has been released, according to the South African Maritime Safety Authority (SAMSA). The captain and the crew of the ship have pleaded guilty before
Tankers, gas carriers boost Milaha’s bottom line
Milah closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.
Cosco Shipping Heavy Industry delivers small LNG carrier
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier. This is the first-ever LNG vessel built and delivered by Cosco Shipping Heavy Industry’s Dalian shipyard, the shipbuilder said in a statement. Dalian Inteh Group placed an orde
27 oil tankers with nowhere to unload parked off Californian coast
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil. “Due to the unique nature of this situation, the U.S. Coast Guard is constantly evaluating and a
SeaQuest secures supervision contract for Finnlines’ zero-emission RoRos
SeaQuest Marine Project Management has been entrusted with the construction supervision job for three zero-emission RoRo newbuilds owed by Finnlines.
DP World says outlook concerning amid COVID-19 uncertainties
Dubai-based port and terminal operator DP World had a robust performance in the first quarter of the year with the like-for-like throughput broadly flat year-on-year. The port operator handled 17.2 million TEU across its global portfolio of container terminals in the first quarter of 2020, with gros
LR, UMAS: Not only one zero-carbon fuel is the most competitive
Different zero-carbon fuel options are more competitive in different decades and there is not one option which is the most competitive from today through to 2050, a new paper finds.
Clipper Bulk downsizing to mitigate pandemic’s impact
Danish bulker operator Clipper Bulk A/S has launched cost-cutting efforts to combat historically low freight markets caused by the Covid-19 pandemic, which will include job cuts. The company said it would axe 24 out of 91 jobs ashore by the end of April, with the majority impacting the head office i
Dry bulk’s overcapacity woes exacerbate road to demand recovery
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world
Wärtsilä to design Amundsen Expeditions’ cruise ship newbuilds
Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions.
The world’s largest containership named at DSME
South Korean shipping major HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The HMM Algeciras, described as the world’s largest boxship, was named at Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo shipyard in Geoje, Korea. The ceremony was presided by th
South Korea to give $1 billion to ailing shipping firms during COVID-19
South Korea is to provide financial assistance of ₩1.25 trillion (around $1 billion) to struggling shipping companies negatively affected by the coronavirus pandemic.
ITF: Two stranded bulkers with 25 seafarers on board just a drop in the sea
Two bulk carriers with at least 25 seafarers on board have been left to their own devices at anchor in the Port of Djibouti at the peak of the COVID-19 pandemic. According to the International Transport Workers’ Federation (ITF), the two ships have been arrested over unpaid debts and the ships have
CDB Leasing on bulker buying spree
Hong Kong-listed China Development Bank Financial Leasing has entered into a contract with New Ocean Shipbuilding in Jiangsu for the construction of eight bulkers. The 63,000 dwt bulkers will cost a total of $188.9 million. CDB plans to fund the investment via its own funds, bond issuance funds and