Maritime News

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Meriaura Group Wants to Create Zero-Waste Fleet

Posted On: 20-08-2019

Finnish shipping group Meriaura Group has revealed its ambitions of creating a zero-waste fleet in the coming period. In late 2018, the group, which comprises Meriaura and VG-Shipping, announced the research collaboration with the Finnish Transport Safety Agency (Trafi) for reducing ship-generated waste. As explained, the purpose of the study was to assess what measures could be taken by the shipo..readmore

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World Ports Sustainability Program Welcomes Baltic Ports Organization

Posted On: 20-08-2019

The Baltic Ports Organization (BPO) has joined the World Ports Sustainability Program following the signing of the WPSP declaration by BPO Secretary-General. Guided by the UN’s 17 Sustainable Development Goals (SGDs), the program aims to enhance and coordinate future sustainability efforts of ports worldwide, fostering international cooperation with partners in the supply chain. “We are deligh..readmore

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Avance Gas Fetches USD 515 Mn Refinancing

Posted On: 08-08-2019

Norway-based LPG shipping firm Avance Gas Holding has received commitments for a USD 515 million credit facility. The company said that the new loan would enable full refinancing of its outstanding debt, evidencing the strong support from the shipping banks and maintaining attractive cash break-even of USD 22,500/day. The commitments are subject to documentation and customary closing procedures. A..readmore

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FSL Trust Pens Pool Deal with Heidmar for LR2 Pair

Posted On: 08-08-2019

FSL Trust Management, the trustee-manager of Singapore-based First Ship Lease Trust, has sealed a new pool agreement for two LR2 vessels with U.S.-based tanker operator Heidmar. The ships in question are 2006-built FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie), which have recently returned from their bareboat charters and have now been renamed. Under the arrangement, the two 109,67..readmore

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Construction Begins on Hapag-Lloyd Cruises’ Third Hanseatic Unit

Posted On: 13-08-2019

Construction of the third unit in the Hapag-Lloyd Cruises’ Hanseatic series is officially underway, the Germany-based company has announced. Hanseatic Spirit, as the ship will be named, started construction after a contract for its design and construction was awarded to Vard in July 2018. The hull for the expedition cruise vessel will be built by Vard in Romania and the ship is scheduled to be d..readmore

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Ponant Plans to Acquire Paul Gauguin Cruises

Posted On: 13-08-2019

French cruise company Ponant has revealed its plans to acquire Paul Gauguin Cruises, the operator of cruises in French Polynesia and the South Pacific. The cruise line operates the 1997-built luxury cruise ship Paul Gauguin, which currently sails year-round to Tahiti & Society Islands, Cook Islands, French Polynesia, Fiji, Marquesas, Tonga, Tuamotus, Australia & New Zealand. Paul Gauguin Cruises..readmore

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ADNOC Logistics & Services joins SHIPTEK 2019 Singapore as MAIN SPONSOR

Posted On: 10-07-2019

02.07.2019, Sharjah, UAE: ShipTek 2019 is proud to announce that ADNOC Logistics & Services (ADNOC L&S), the maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) has joined Shiptek2019 as main Sponsor. The company is the Gulf’s largest fully integrated maritime logistics company, providing shipping, marine services, offshore logistics and onshore services to deliver oil, g..readmore

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Marking a year of growth and success - Azimut reinforces its global market leadership at Cannes Yachting Festival

Posted On: 14-09-2018

Returning once again to the Cannes Yachting Festival, running from 11 to 16 September, Azimut reveals exclusive models that combine luxury with comfort UAE- 13th of September 2018: With the new boat show season that has just started in Cannes, Azimut Yachts, the world’s leading yachts manufacturer with 7 offices in the Middle East including UAE, achieved an excellent year as Azimut Benetti..readmore

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As per the latest industry recommendations to reinforce UAE’s prominent position - The second “Maritime Leaders Roundtable” seeks to strengthen the UAE ports’ leadership

Posted On: 10-09-2018

The first event of its kind that gathers decision makers in the maritime industry to discuss methods to develop the legal and procedural framework of the UAE ports in addition to improving the efficiency of its infrastructure and technology Dubai – United Arab Emirates – 10th of September 2018: Under the patronage of the Federal Transport Authority for Land and Maritime “FTA”, Tactics Mar..readmore

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Announcing Shipping2030 Europe, co-located with Green Ship Technology

Posted On: 17-02-2017

Creating the future of shipping New technologies, shifts in the global economy and demographics, rapidly evolving consumer demands and environmental pressures are reshaping the market shipping serves. The industry’s regulatory structure, communications, financing, commercial and operational practices are all out of synch with the digital age and are also failing to optimise its benefits. Tak..readmore

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Croatian FLNG Terminal Delayed

Posted On: 27-01-2017

Croatia's FLNG terminal in the northern Adriatic will take a year longer to complete than initially expected, reports Reuters. The capacity of the terminal, now expected to be finished in 2019, is seen at around 2 billion m3 of gas a year, with Croatia targeting central European markets as well as domestic. The terminal, to be built on the northern Adriatic island of Krk, is among projects th..readmore

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India Steamship to Sell Four LR2 Tankers

Posted On: 27-01-2017

Kolkata-based shipping company India Steamship has reached an agreement to sell all four of its LR2 tankers to Greek Enterprises Shipping and Trading, according to data provided by VesselsValue. Under the deal, the company will sell the 2008-built Ratna Namrata, Ratna Shradha, Ratna Shruti and the 2010-built Ratna Shalini. Each featuring 105,800 dwt, the tankers were constructed by the South Kore..readmore

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CMA CGM, COSCO Shipping Ports Enter Cooperation Deal

Posted On: 27-01-2017

China-based COSCO Shipping Ports and CMA Terminals Holding, the CMA CGM port subsidiary, have signed a memorandum of understanding (MOU) to reinforce cooperation in port operations and investments. Under the deal, signed on January 20, the two parties said they would cooperate in ports worldwide and preference will be given to ports that the Ocean Alliance calls. Both sides have also agreed to p..readmore

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New LNG-Powered Ferry Megastar

Posted On: 25-01-2017

Estonian shipping company Tallink took delivery of its new liquefied natural gas (LNG)-powered fast ferry Megastar from Finland-based Meyer Turku Shipyard on January 24. Built under an EUR 230 million investment, Megastar is 212 meters long and capable of carrying up to 2,800 passengers. Dubbed the most advanced fast ferry in the Baltic Sea, the new vessel is scheduled to start operating between..readmore

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Acta Marine Orders Wind Farm Vessel

Posted On: 25-01-2017

Netherlands based ship owner Acta Marine B.V. has placed an order with Ulstein Verft AS for the construction of a DP2 construction support vessel (CSV) primarily aimed at the offshore wind market. The vessel, which carries the new SX195 design from Ulstein Design & Solutions AS, offers in-field flexibility, winter workability, safe transfer of people and cargo, optimized on-board logistics, hi..readmore

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FSDEA to Invest in First Deep Sea Port in Angola

Posted On: 17-10-2018

The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has committed to invest USD 180 million in a strategic deep-sea port in Cabinda, Angola as part of its USD 1.1 billion infrastructure fund. This investment will create the first deep sea water port in Angola, which will be built in two phases. Phase 1 will result in a terminal of 630-meter length connected to the shore via a ..readmore

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Ulstein Delivers Its Largest Offshore Construction Vessel

Posted On: 20-01-2017

Norwegian shipbuilder and ship designer Ulstein delivered an offshore construction vessel (OCV), Island Venture to Island Ventures 5 LLC, a joint venture between Edison Chouest Offshore from the USA and Island Offshore from Norway on January 17, 2017. The 14, 248 dwt Island Venture is said to be Ulstein’s largest OCV yet, can accommodate 239 persons, with length of 160 meters and a width of 30 ..readmore

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Tata to Invest in Swan LNG project

Posted On: 20-01-2017

Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867 mln) floating LNG import terminal being set up by Nikhil Merchant led Swan Energy in Gujarat. This will be the first investment by Tata Group in gas business. TRIL was established in 2007 to pursue opportunities in the real estate and infrastructure sectors. It is a wholly-owned subsidiary of Tata Son..readmore

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HMM Acquires 20% Stake in Long Beach Terminal

Posted On: 20-01-2017

Hyundai Merchant Marine Co. (HMM) South Korea said that it will buy 20-percent stake of the company that runs the biggest container terminal at Long Beach Total Terminals International terminal (TTI), Calif., the U.S. HMM will now become the No. 2 stakeholder in TTI after Geneva-based Mediterranean Shipping Co (MSC). TTI operates terminals at Seattle and Long Beach. HMM will receive the same..readmore

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Höegh LNG Firms FSRU Orders in South Korea

Posted On: 19-01-2017

Norway-based owner and operator of floating liquefied natural gas (LNG) import terminals Höegh LNG Holdings has signed contracts with two South Korean shipbuilders for the construction of two floating storage and regasification units (FSRUs), with an option for additional three FSRUs. The first shipbuilding contract (SBC) was inked with Samsung Heavy Industries (SHI) for the construction of one ..readmore


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