Maritime News

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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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USD 1 Bn Worth of Cocaine Seized from MSC Ship in Philadelphia

Posted On: 04-10-2019

U.S. authorities have seized over 16 tons of cocaine from an MSC containership at the Packer Marine Terminal in Philadelphia, prosecutors said on June 18. The drugs were seized from the 2018-built Neopanamax MSC Gayane and represent the largest drug interdiction in the history of the Eastern District of Pennsylvania, according to officials. Mediterranean Shipping Company said it was aware of rep..readmore

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Cargo Ship Grounds off Sweden, Alcohol Influence Suspected

Posted On: 04-10-2019

There were no reports of oil leakages or other environmental damages, and crew onboard is safe, according to Finland-based ESL Shipping, the vessel’s charterer. After an initial investigation, the Swedish Coast Guard said it suspects the ship’s Master was under the influence of alcohol when the unit grounded north off Helsingborg. ESL Shipping noted that the company “has zero tolerance for..readmore

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International Conference on Marine Engineering and Technology Oman 2019

Posted On: 04-10-2019

Seven esteemed professionals from across the marine industry are confirmed to give keynote speeches at the highly anticipated inaugural International Conference on Marine Engineering and Technology Oman (ICMET Oman). The 2-day conference, organised by the Military Technological College (MTC), in collaboration with the Institute of Marine Engineering, Science & Technology (IMarEST), will be held..readmore

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Cryo Shipping Turns to Biogas, Hydrogen as Marine Fuel

Posted On: 30-09-2019

Bergen-based bunker supplier Cryo Shipping has received government grants for developing suitable infrastructure solutions for the supply of fully renewable energy as marine fuel. Although Cryo Shipping was established as a supplier of LNG, the company is now focusing on even greener energy sources such as biogas and hydrogen. It is developing hydrogen bunkering services optimized for the g..readmore

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PIL Gets Environmental Ship Index Certification for Its 500K TEU Fleet

Posted On: 30-09-2019

Singapore’s container shipping company Pacific International Lines (PIL) has obtained the Environmental Ship Index (ESI) certification for its fleet comprised of about half a million TEUs. As explained, this is a major milestone for the ship owner and operator ahead of the transition towards the International Maritime Organization (IMO) sulphur cap 2020 from January 1 next year. ESI certificat..readmore

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US Sanctions COSCO Companies over Iran Trade

Posted On: 27-09-2019

The U.S. Department of the Treasury has sanctioned a total of six Chinese companies, including COSCO subsidiaries, over alleged breaches of U.S. sanctions on Iran. COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. were determined by the Secretary of State to meet the criteria for the imposition of sanctions. It was further stated that the sanction..readmore

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Sixteen UK Ports Receive Funds to Prepare for Brexit

Posted On: 27-09-2019

Sixteen ports across England will receive a share of a multi million funding pot to help their preparations for Brexit on October 31. The UK’s Department for Transport (DfT) revealed the successful bidders of the GBP 10 million (USD 12.34 million) Port Infrastructure Resilience and Connectivity (PIRC) competition, which offers ports up to GBP 1 million each for infrastructure upgrades. The f..readmore

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IMC Golden Shield Excellence Awards 2019 makes a comeback with its 2nd Chapter in the United Kingdom

Posted On: 19-09-2019

United Kingdom, 13 September 2019: After the first successful edition in 2017, Biz Events Management organized the second edition of IMC Golden Shield Excellence Awards 2019 at Old Library Lloyd’s, United Kingdom on 13th September 2019. The award ceremony recognized the remarkable and noteworthy contributions of the veterans to the insurance industry. The recipients of these awards were ..readmore

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BESIX, Vanpile to Build LNG Terminal in Canada

Posted On: 04-09-2019

The Canadian unit of Belgian group BESIX and its joint venture partner Vancouver Pile Driving have been selected to build an LNG export facility in British Columbia, Canada. As informed, the contract was awarded to BESIX and Vanpile by the JGC-Fluor BC LNG Joint Venture (JFJV). This is the second project that BESIX will carry out in Canada. Construction of the facility in Kitimat, in the North C..readmore

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Canada to Support Development of Low-Noise Tankers to Protect Marine Species

Posted On: 04-09-2019

The Canadian government is set to invest up to CAD 30 million (USD 22.5 million) to support the development of a new vessel design that will be quieter and more environmentally-friendly than contemporary vessels. The government is working toward an agreement in principle with Vancouver-based Teekay Shipping under which the world’s first low-noise and low-emissions tanker would be developed. ..readmore

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Fincantieri Launches Carnival Cruise Line’s New Ship

Posted On: 30-08-2019

Carnival Panorama, the new ship of cruise ship operator Carnival Cruise Line was launched at the Fincantieri shipyard in Marghera, Venice on December 6. Interior fittings will now begin, leading the ship to its delivery, scheduled in autumn 2019. The new unit will be a sister ship of Carnival Vista, delivered in Monfalcone in April, 2016, as well as of Carnival Horizon, built in Marghera and deliv..readmore


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