Maritime News

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Meyer Werft: Impact of Coronavirus on New Cruise Ship Orders to Be Immense

Posted On: 27-03-2020

Apart from the ongoing health crisis caused by COVID-19, the cruise industry is currently also faced with an economic crisis. The entire industry and especially the cruise shipbuilding is now in a completely different situation than just a few weeks ago. Meyer Werft, one of the largest shipbuilders in the world which is based in Papenburg, Germany, is also feeling significant effects amid the cor..readmore

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Maersk Gjertrud Seafarers Suspected of Having Coronavirus

Posted On: 27-03-2020

A number of seafarers on board the containership Gjertrud Maersk, owned by the world’s largest shipping company Maersk, have been evacuated from the ship and taken to a hospital for treatment after experiencing symptoms linked to Covid-19. The seafarers started showing symptoms on March 23 and were immediately isolated on t..readmore

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Unifeeder Takes Majority Stake in The Feedertech Group

Posted On: 25-03-2020

Short-sea operator Unifeeder has acquired a 77% stake in The Feedertech Group,a Singapore-based feeder and shortsea operator the company announced. As informed,the remaining 23% shareholding in the group will be retained by the group’s Chairman, Ali Maghami. Established in 2003, the group operates two companies; ..readmore

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DFDS Adds Another Firm to Its Logistics Portfolio

Posted On: 25-03-2020

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..readmore

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In Depth: Oslo Set to Become Zero-Emission Port

Posted On: 18-03-2020

Being one of the leading maritime centers in the world, Norwegian Port of Oslo is looking to expand further, meeting at the same time its ambitious targets for reducing greenhouse gas (GHG) emissions. Clear targets are set for 2030, with an 85 percent reduction in current GHG emissions, and after that efforts will continue so that Oslo can become a zero-emission port in th..readmore

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Hunter Joins New Scrubber Pool for VLCCs

Posted On: 18-03-2020

Hunter Tankers, a part of Hunter Group ASA, has selected Tankers International Ltd as commercial manager for its fleet of very large crude carriers (VLCCs). The company said that Tankers International would establish “the world’s first scrubber- fitted VLCC pool.” In addition to the Hunter vessels the pool will consist of vessels from Hartree Maritime Partners..readmore

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Hudson Shipping Lines Says No to Scrubber-Fitted Ships

Posted On: 17-03-2020

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 would instead exclusively burn fuels that comply with the regulations.“We have thoroughly investigated the use and operation of exhaust gasscrubbers and have found that they sim..readmore

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Costa Group to Invest USD 54.8 Mn in Ship Rebranding

Posted On: 17-03-2020

Costa Group has unveiled an investment of over USD 50 million into turning one of its Costa Cruises vessels into a ship for the AIDA Cruise brand. Namely, the Carnival Corporation subsidiary said it plans to transform the 1999-built Costa neoRiviera, currently in service under the Costa Cruises brand, into the new AIDAmira, destined for the German-based A..readmore

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Global Ports Holding Commences Operations at Antigua Cruise Port

Posted On: 17-03-2020

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 inAntigua on an exclusive basis.“The addition of cruise port operations in Antigua and Bahamas to GPH..readmore

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Norden Creates Targeted Decarbonization Role

Posted On: 17-03-2020

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’s ambitious emission reduction targets. The new role will ac..readmore

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US Sanctions COSCO Companies over Iran Trade

Posted On: 11-03-2020

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 ShipManagement Co. were determined by the Secretary of State to meet the criteria for the imposition of sanctions. It was ..readmore

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Sixteen UK Ports Receive Funds to Prepare for Brexit

Posted On: 11-03-2020

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 infra..readmore

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ESL Shipping Becomes Owner of Bulker Alppila

Posted On: 10-03-2020

Finland-based dry bulk shipping company ESLShipping, part of Aspo Group, has acquired bulk carrier Alppila from SEB Leasing.As explained, the acquisition was made in accordance with the terms and conditions of the lease agreement signed in 2011.The 20,499 dwt Alppila is a self-unloading bulk carrier specially built for Baltic Sea operations.The ship i..readmore

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PSA Makes First Foray into the US with Penn Terminals

Posted On: 10-03-2020

Singapore-based port operator PSA International has completed theacquisition of Penn Terminals from Macquarie Infrastructure Partners, following formal approval by the relevant regulatory authorities. Located on the Delaware River, United States, Penn is one of the best equipped, privately owned multipurpose marine terminals on the Eastern Coast of the U.S.,according to PSA. “This acquisi..readmore

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

Posted On: 04-03-2020

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

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Singapore Arrests 11 Men for Illegal Transaction of Marine Fuel

Posted On: 04-03-2020

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 theMaritime 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 crewm..readmore

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

Posted On: 27-02-2020

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 inHong 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, theve..readmore

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Better Rates, New Ships Push Costamare’s Earnings Up

Posted On: 27-02-2020

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 36million 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 t..readmore

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Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered

Posted On: 26-02-2020

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 MarineEngineering (DSME) in South Korea in late March this year,Yakov Gakkel is the fifteenth and final Arc7 ice-class tanker built specifically for the project. ..readmore

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World’s 1st Liquefied Hydrogen Carrier Named in Japan

Posted On: 26-02-2020

Japanese shipbuilder Kawasaki Heavy Industries has named Suiso Frontier, the world’s first liquefied hydrogen carrier, at its yard Kobe Works, the 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 gas-state volume, cooled to –253°C, over long distances by..readmore


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