Maritime News

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GMP Wins 34-Year Concession for Le Havre Container Terminal

Posted On: 24-02-2020

France’s Port of Le Havre supervisory board has decided to grant Générale de Manutention Portuaire (GMP) a concession contract for the and operation of the container terminal for the Port 2000 berths 11 and 12. Port handling company GMP is a joint venture between Dubai-based port operator DP World and Terminal Link, a subsidiary of French shipping major CMA CGM. Under the terms of this decisi..readmore

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Drewry: Indian Coal Imports Boost Panamax Rates

Posted On: 24-02-2020

Panamax rates have seen a significant surge in 2019, maritime research consultancy Drewry noted, pointing out that this could largely be attributed to the recent firmness in India’s coal imports. This situation is likely here to stay, according to Drewry’s lead dry bulk research analyst Rahul Sharan who added that the Indian government’s plan to invest heavily in infrastructure will underpin..readmore

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Global Ports Holding Commences Operations at Antigua Cruise Port

Posted On: 18-02-2020

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 f..readmore

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Norden Creates Targeted Decarbonization Role

Posted On: 18-02-2020

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 ambitious emission reduction targets. The new role will accel..readmore

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Danish Maritime Fair 2020 is opening in 3 months

Posted On: 17-02-2020

Now there are only 3 months until BellaCenter opens its doors tor the fifth edition of the international fair, Danish Maritime Fair. The fair, that takes place on the 13 th . and 14 th . of May, will give visitors the chance of visiting both Danish and foreign maritime companies, authorities and organizations. You will also have access to a great number of maritime me..readmore

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Scorpio Bulkers in Sale and Leaseback with Ocean Yield for Ship Trio

Posted On: 14-02-2020

Monaco-based dry bulk shipping company Scorpio Bulkers has decided to sell and leaseback one Kamsarmax and two Ultramax vessels to Norwegian shipowner Ocean Yield. The ships in question are SBI Cronos, SBI and SBI Lynx, built in 2015, 2016 and 2018,respectively. As informed, the ship trio will be acquired by Ocean Yield for USD 62.8 million net of pre-paid charter hire with nine, ten and twelve y..readmore

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OOCL Rauma Loses Containers off Dutch Coast

Posted On: 14-02-2020

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 GPHportfolio augurs well for the fut..readmore

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Diana Secures Work for Newcastlemax

Posted On: 14-02-2020

Greek shipowner Diana Shipping has entered into a time charter contract with BHP Billiton Freight Singapore for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is USD 14,500 per day for a period of minimum fourteen to maximum sevent months. The charter commenced on February 5, 2020. Previously, the 206,040 dwt bulker worked for Koch Shipping at a higher chart..readmore

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Euronav Buys VLCC Resale Trio

Posted On: 14-02-2020

Belgium’s tanker shipping company Euronav NV has entered into an agreement for the acquisition via resale of three very large crude carrier (VLCC) newbuilds. The three ships are currently completing construction at the Daewoo Shipbuilding Marine Engineering (DSME) shipyard in South Korea. As informed, the trio is being acquired for an aggregate purchase price of USD 280.5 million or USD 93.5 m..readmore

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MSC Cruises’ LNG-Powered Newbuilds to Feature Wärtsilä Equipment

Posted On: 21-01-2020

Finnish technology group Wärtsilä will supply French shipbuilder Chantiers del‘Atlantique with a comprehensive package of integrated solutions for MSC Cruises’ two new LNG-powered ships. As explained, the solutions “will support and enhance the efficiency and environmental sustainability” of the World-class cruise vessels. In October 2019, the steel cutting ceremony was held for th..readmore

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2 Ships Fail to Comply with IMO 2020 in Chinese Waters

Posted On: 21-01-2020

Since the beginning of January 2020, the Chinese Maritime Safety Administration(MSA) has found two ships in Chinese waters to be in breach of new sulphur regulations as they were using non-compliant fuel, the Standard P I club said. Asinformed, the first ship was under a port state in Qingdao China when MSA verified the use of fuel oil with a sulphur content of .6777% mm. The second ship was berth..readmore

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INMEX

Posted On: 21-01-2020

INMEX Vietnam, the largest and most established international maritime event in Vietnam, will return for its 8 th edition on 30 March to 1 April 2021 at the Saigon Exhibition & Convention Center (SECC), HoChi Minh City, Vietnam. Backed by its years of proven track records, INMEX Vietnam is the earmark even global maritime industry players to convene, forge new business ties, explore new market ..readmore

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Mammoet, ALE Merger Creates Heavy Lift Giant

Posted On: 20-01-2020

Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE.The businesses will now operate as one company under the Mammoet starting January 8, 2020. The merger truly creates an industry behemoth with unparalleled global coverage of over 140 offices and branches worldwide, as well as the world’s largest fleet of heavy equipment. ..readmore

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UECC Gets Green Financing for Battery Hybrid LNG PCTCs

Posted On: 20-01-2020

United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has secured green financing for its new pure car and truck carriers (PCTC). Obtained from Sweden’s Svenska SkeppsHypotek, the financing amounts to about USD 70 million. UECC, which is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, ordered earlier this year three next generati..readmore

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ENOC to Supply Marine Lubricants for Up to 16 Tankers

Posted On: 20-01-2020

The UAE-based energy group Emirates National Oil Company (ENOC) has signed a memorandum of understanding (MoU) with Greek bunker trader IMS Oil Trading to supply marine lubricants for up to sixteen product tankers. Lubricants will be delivered at IMS Oil’s Fujairah and Singapore ports. As informed, the partnership expands ENOC marine lubricants supply network to over 110 ports in 23 countrie..readmore

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Hudson Shipping Lines Says No to Scrubber-Fitted Ships

Posted On: 20-01-2020

US-based Hudson Shipping Lines will not employ vessels with scrubbers to comply with the IMO 2020 sulphur cap that comes into force on January 1, 2020. The company said it instead exclusively burn fuels that comply with the regulations. “We have thoroughly investigated the use and operation of exhaust gas scrubbers and have found that they simply transfer the pollution produced by vessels from ..readmore

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Mitsubishi Shipbuilding Christens New LNG Carrier for JERA

Posted On: 14-01-2020

Japan’s Mitsubishi Shipbuilding has named the latest Sayaringo STaGE LNG carrier being built for Trans Pacific Shipping 6 Ltd, a joint venture of JERA and NYK Line. The new 80,300 dwt ship was named Bushu Maru in a christening ceremony held at the Koyagi Plant of the Nagasaki Shipyard & Machinery Works on May 14. Completion and delivery is scheduled for June 2019,after which the unit would be pu..readmore

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Color Line’s Color Hybrid Named in Norway

Posted On: 14-01-2020

The world’s largest plug-in hybrid ship Color Hybrid, built for cruise and ferry company Color Line, was named on August 23 in Sandefjord, Norway. The vessel started sailing on its route from Sandefjord, Norway to Strömstad, Sweden as of August 16, 2019, after delivery from Norwegian shipbuilder Ulstein Verft on August 1. With the capacity to carry 2,000 passengers and 500 cars, Color Hybrid ..readmore

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Enterprise Teams Up with Enbridge on VLCC Terminal Development

Posted On: 09-01-2020

American midstream natural gas and crude oil pipeline company Enterprise Products Partners and Canadian energy transportation firm Enbridge Inc. have signed a letter of intent (LOI) to jointly develop a deepwater crude oil terminal in the Gulf of Mexico. The duo will focus on commercial development efforts on Enterprise’s Sea Port Oil Terminal (SPOT) project, designed to be capable of fully load..readmore

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Navios Acquisition Acquires Navios Europe Tanker Quintet

Posted On: 09-01-2020

Following the liquidation of Navios Europe I, Monaco-based tanker owner and operator Navios Maritime Acquisition Corporation has taken delivery of five product tankers. The ships in question are MR1 chemical/product tankers Perseus N, Star N and Hector N. The first two units were built at Hyundai Mipo Yard in South Korea in 2009 and 2008, respectively, and the third at China’s CSSC OME in 2008. ..readmore


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