Maritime News

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DFDS Adds Another Firm to Its Logistics Portfolio

Posted On: 20-12-2019

In an effort to further expand its European logistics network, Danish ferry and logistics company DFDS has acquired 100% of the share capital of the Finnish logistics company Freeco Logistics. The transaction was closed on December 19, 2019, and Freeco Logistics will be consolidated in the DFDS Group. “Freeco Logistics is a fast-growing Finnish provider of transport services that brings critica..readmore

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Norden Creates Targeted Decarbonization Role

Posted On: 16-12-2019

Danish shipping company Dampskibsselskabet Norden A/S revealed plans to further intensify its efforts to drive the shipping industry towards a cleaner future and offer CO2 neutral transportation. Namely, the company has established a new, dedicated decarbonization position to drive Norden’s decarbonization efforts and meet the company’s ambitious emission reduction targets. The new role will a..readmore

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Global Ports Holding Commences Operations at Antigua Cruise Port

Posted On: 16-12-2019

Cruise port operator Global Ports Holding (GPH) is set to begin cruise port operations in Antigua following the signing of a concession agreement with the state government earlier this year. In February, GPH agreed the 30-year concession for cruise port operations in Antigua on an exclusive basis. “The addition of cruise port operations in Antigua and Bahamas to GPH’s portfolio augurs well ..readmore

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Kawasaki Delivers Bulker Amis Star to Wisdom Marine

Posted On: 12-12-2019

Taiwanese shipping company Wisdom Marine Lines has taken delivery of a newbuild 61,000 dwt bulker from China’s COSCO Shipping Heavy Industry (Dalian) shipyard. Delivery of Amis Star, as the bulker is named, was announced by Japanese shipbuilder Kawasaki Heavy Industries, who operates the Dalian yard jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping). The 199.9-meter ves..readmore

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US: Firms Given Time to Wind Down Business with COSCO Unit

Posted On: 12-12-2019

The U.S. Treasury Department has issued an almost two-month waiver providing companies that deal with COSCO units time to wind down their transactions. The waiver, issues on October 24, allows “maintenance or wind down of transactions” and is valid until December 20. This includes offloading non-Iranian crude oil involving COSCO Shipping Tanker (Dalian) Co. Ltd, according to a notice from t..readmore

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Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered

Posted On: 11-12-2019

OAO Yamal LNG has announced the operational start of Yakov Gakkel, a new Arc7 icebreaking LNG carrier. As informed, the 172,410 cbm newbuild loaded the 354th LNG cargo in the port of Sabetta bound to China. Named at Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea in late March this year, Yakov Gakkel is the fifteenth and final Arc7 ice-class tanker built specifically..readmore

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World’s 1st Liquefied Hydrogen Carrier Named in Japan

Posted On: 11-12-2019

Japanese shipbuilder Kawasaki Heavy Industries has named Suiso Frontier, the world’s first liquefied hydrogen carrier, at its yard Kobe Works, the company said. This vessel, owned by CO2-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA), is designed to transport large quantities of liquefied hydrogen at 1/800 of its original gas-state volume, cooled to –253°C, over lo..readmore

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DSME Nets Order for USD 380 Mn Trio

Posted On: 09-12-2019

South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of three new ships, worth an estimated USD 380 million. The ships include one 174,000 cbm LNG carrier set for delivery in the first quarter of 2022 and two very large crude carriers of 318,000 dwt, scheduled for completion in the second quarter of 2021. DSME did not disclose th..readmore

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Deltamarin, GTT Win AIP for Dual-Fuel Newcastlemax Design

Posted On: 09-12-2019

Classification society ABS has granted approval in principle (AIP) to Finnish ship designer Deltamarin and French engineering company GTT for a dual-fuel Newcastlemax bulk carrier design. The trio has been cooperating on the development of the LNG-fueled energy-efficient Newcastlemax bulker, which is intended to meet current and future environmental targets, by introducing GTT membrane type LNG ..readmore

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Wisdom Marine to Expand Fleet with Two More Bulkers

Posted On: 06-12-2019

Wisdom Marine’ Board of Directors has approved the purchase of two bulk carriers, the Taiwanese shipping company said in a regulatory filing. The approval relates to one 63,300 dwt bulk carrier to be ordered from Japanese shipbuilder Tsuineishi Group. The company has assigned USD 31 million for the acquisition. The second newbuild is a smaller bulker featuring 61,000 dwt and will be ord..readmore

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Mitsubishi Shipbuilding Christens New Sayaringo STaGE LNG Carrier

Posted On: 06-12-2019

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries, held a christening ceremony for the next-generation Sayaringo STaGE type LNG carrier on April 19. The vessel, which is under construction for Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line), was named Diamond Gas Sakura. It is the third Sayaringo STaGE unit for the two companies, featuring significantly imp..readmore

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2020 Bulkers Ties Up Trio in Charter Deals with Kochi

Posted On: 06-12-2019

Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its vessels with Koch Supply & Trading, a subsidiary of Koch Industries. The company’s Bulk Sandefjord secured a 36-month charter at an index linked rate, reflecting a premium to the Baltic 5TC index. The deal also includes a profit sharing of any economic benefit derived from operating the vessel’s scrubber..readmore

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Video: 14 Crew Rescued from Listing Cargo Ship in Greek Waters

Posted On: 06-12-2019

The Hellenic Coast Guard carried out a dramatic rescue operation on Wednesday, December 4, evacuating fourteen crew members of the Liberian-flagged general cargo vessel New Leo.The ship, loaded with steel, got into trouble while battling bad weather in the area between the Greek islands of Lesbos and Skyros in the Aegean Sea, the coast guard said. Namely, the vessel got stuck in the heavy sw..readmore

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TT-Line Ferry with 217 Passengers Catches Fire off Germany

Posted On: 22-11-2019

A TT-Line ferry with 217 passengers on board caught fire while en route from Trelleborg, Sweden, to Travemünde, Germany. The fire broke out just before the Peter Pan arrived in Travemünde, in the afternoon hours of July 9. The company said the fire on the 44,245 GT vessel was caused by mechanical damage on one of the five diesel generators. The 51 crew of the Sweden-flagged ferry managed to brin..readmore

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Russian Freighter Catches Fire off South Korea

Posted On: 22-11-2019

A freighter with 13 Russian crew aboard caught fire while transiting the Sea of Japan, near the South Korean Port of Pohang, on November 17. The fire outbreak on the 1991-built Silver Way was contained after several hours of efforts but no one was injured in the incident, according to a report by Russian news agency TASS. As reported, the fire was prevented from reaching the freighter’s cargo of..readmore

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MARITIME LEADERS ADDRESS TOMORROW’S SOLUTIONS

Posted On: 18-11-2019

FOR THE VESSEL INDUSTRY Asia Pacific Maritime 2020 returns from 18 to 20 March 2020 to focus on digitalisation SINGAPORE, 12 November 2019 – The digital evolution is shaping the maritime future in multiple aspects – both onshore and offshore – and shipping organisations are facing pressure to operate more efficiently and profitably while catering to the increasingly sophisticated customer ..readmore

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Oldendorff Carriers Secures Five-Year Coal-Shipping Deal in Bangladesh

Posted On: 04-11-2019

Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a long-term coal transportation agreement (CTA) with the Bangladesh Chinese Power Company (BCPCL). Under the five-year deal, Oldendorff will provide a full transportation solution to BCPCL which includes coal transportation from Indonesia or Australia with transshipment in Andaman & Nicobar to Payra power plant in Ban..readmore

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Singapore Arrests 11 Men for Illegal Transaction of Marine Fuel

Posted On: 04-11-2019

Singapore’s Police Coast Guard (PCG) has arrested eleven men, aged between 31 and 52, for their suspected involvement in an illegal transaction of marine gas oil (MGO). The joint operation with the Maritime and Port Authority of Singapore (MPA) was carried out on October 30, 2019. As informed, the PCG arrested six crew members of a craft belonging to a marine service provider and another five ..readmore

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Yang Ming to Charter Another 11,000 TEU Newbuild Quartet from Shoei Kisen

Posted On: 24-10-2019

Taiwanese shipping company Yang Ming Marine Transport Corp. has signed charter agreements with Japanese shipowner Shoei Kisen Kaisha, a subsidiary of Imabari Shipbuilding, for four 11,000 TEU containerships. The signing ceremony was held in Hong Kong on April 10, 2019. The four boxships have been ordered by Shoei Kisen Kaisha at Imabari yard, according to data provided by Asiasis. As informed,..readmore

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Better Rates, New Ships Push Costamare’s Earnings Up

Posted On: 24-10-2019

Greek shipping company Costamare witnessed a surge in its earnings for the period ended September 30, 2019. The company’s net income jumped by 157% to USD 36 million for the three months, compared to USD 14 million reported in the same period a year earlier. Voyage revenues were at USD 123.6 million in the quarter, up by 36% from USD 90.9 million seen in the previous year’s quarter. “As was ..readmore


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