Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."
The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships
The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai
Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter
Blue Denmark is also green. Therefore, Denmark’s official green brand, State of Green, is now launching a new theme on its website focusing on green maritime solutions. As a nation, Denmark has become well-known internationally in the green maritime field and now we intend to become even better at getting this across by means of State of Green’s new initiative that focuses on sustainable, green maritime transport and technological solutions.
The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917
On 26 September, the maritime community celebrates the World Maritime Day established at the initiative of the International Maritime Organization (IMO). In his annual address on this occasion, Koiji Sekimizu, Secretary General to the International Maritime Organization emphasized that in order stable development of the maritime transport system could be achieved the efforts should be concentrated on safety
The shipping industry has welcomed a decision by the European Commission to keep in place unchanged guidelines relating to state aid to maritime transport, which include tonnage tax regimes, but seafarers' union Nautilus sees it differently, according to the UK maritime industry's latest 'Maritime London Newsletter'. Commission vice-president Joaquín Almunia, responsible for competition policy, recently decided to continue the 2004 Guidelines on State Aid to Maritime Transport without
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities. ESPO explains that the verification of a containers’ weight can indeed play an important role in enhancing safety in maritime transport and the whole transport chain
Gaz Métro, a large LNG distributor, has commissioned the first ferry in North America to run on LNG, the NM F.-A.-Gauthier, through its subsidiary, Gaz Métro LNG L.P. The vessel was commissioned in Québec, Canada
International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project
Navantia and Maritime Transport Ondimar LDA (shipping company Ibaizabal Group) today ratified the contracts signed in late June and the financial structure for the construction of 4 Suezmax tankers, expandable to two. 4 boats will involve 3 million hours of work for Navantia and the
The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government, the consortium formed by the French companies - CMA CGM and Bolloré - and the Chinese CHEC (China
Effective from 27 May 2015, German Authorities will implement the reporting requirements for vessels according to EC-directive 2010/65/EU (national single window reporting formalities). This directive is designed to achieve harmonization and simplification of reporting formalities in
Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu. WMU is an international educational institute for the maritime community, operating under the auspices of IMO
European ports are real “multitaskers”: they combine different functions ranging from gateway to the world, nodes in the transport chain, hotspots for Europe’s industrial activity, safe and secure shelters, the link between Europe’s peripheral regions and islands to the
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a
According to a new EU regulation, ship operators will be required to monitor, report and verify (MRV) CO2 emissions. José Inácio Faria, Member, Group of the Alliance of Liberals and Democrats for Europe, European Parliament outlines the key features of new EU
London International Shipping Week 2015 (LISW15) is pleased to announce the line up, so far, of high level government and industry speakers for the official LISW15 Conference being held at the Grosvenor House Hotel on London’s Park Lane, on Thursday 10th September.
A recent accident near Busan, South Korea resulted in the sinking of a tugboat after one of the towing cables snapped and recoiled, striking one side of the tug boat. The crew members were found unconscious and were later pronounced dead in a nearby hospital
Maritime summit between European Union, U.S. and China boosts cooperation Representatives from the maritime regulatory authorities of the European Union, the People’s Republic of China and the United States met today in Brussels to discuss antitrust and regulatory issues in maritime
Even though the struggle for independence from Britain finally resulted in Ireland being declared “a sovereign, independent, democratic state” in 1937 there was little interest being shown in the maritime affairs of the country. This
The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R. Saadé, founder, Chairman and Chief Executive Officer of the CMA CGM Group
A Cambodian-registered container ship and a fishing boat sank in rough seas off Phuket on Wednesday morning, but the navy saved both crews. The cargo ship Sinaran Andaman reportedly suffers an engine problem en route from Tub Lamu and the heavy seas forced it onto the nearby rock