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
Hudson Shipping Lines Says No to Scrubber-Fitted Ships
Posted On: 16-03-2020
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
Costa Group to Invest USD 54.8 Mn in Ship Rebranding
Posted On: 16-03-2020
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
Global Ports Holding Commences Operations at Antigua Cruise Port
Posted On: 16-03-2020
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
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
US Sanctions COSCO Companies over Iran Trade
Posted On: 10-03-2020
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
Sixteen UK Ports Receive Funds to Prepare for Brexit
Posted On: 10-03-2020
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
ESL Shipping Becomes Owner of Bulker Alppila
Posted On: 09-03-2020
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
PSA Makes First Foray into the US with Penn Terminals
Posted On: 09-03-2020
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
Oldendorff Carriers Secures Five-Year Coal-Shipping Deal in Bangladesh
Posted On: 03-03-2020
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
Singapore Arrests 11 Men for Illegal Transaction of Marine Fuel
Posted On: 03-03-2020
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
Yang Ming to Charter Another 11,000 TEU Newbuild Quartet from Shoei Kisen
Posted On: 26-02-2020
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
Better Rates, New Ships Push Costamare’s Earnings Up
Posted On: 26-02-2020
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
Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered
Posted On: 25-02-2020
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
World’s 1st Liquefied Hydrogen Carrier Named in Japan
Posted On: 25-02-2020
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
GMP Wins 34-Year Concession for Le Havre Container Terminal
Posted On: 23-02-2020
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
Drewry: Indian Coal Imports Boost Panamax Rates
Posted On: 23-02-2020
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
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
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
Danish Maritime Fair 2020 is opening in 3 months
Posted On: 18-02-2020
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
