Pacific Basin Closes New Credit Facility
Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has closed a new USD 115 million 7-year reducing revolving credit facility secured overā¦
Hunterston Port Reveals Masterplan
UK port operator Peel Ports has revealed its plans for the major port and industrial centre at Hunterston, one of Scotlandās most important development sites comprisingā¦
UK Flag Eligibility Opens Up for Others
UK Ship Register (UKSR) will now allow owners from a broader group of countries to register their vessels in the UK.UKSR announced that it is set to expand its ownership eligibilityā¦
VLGC Freight Rates Recover
The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S.
NGOs Furious on Lack of Arctic Action
The Clean Arctic Alliance expressed frustration over Members Statesā failure to address the risk to the Arctic from emissions of black carbon from international shippingā¦
Conrad Names Oceangoing Tug for Hawaii
The provider of shipbuilding services Conrad Shipyard christened the oceangoing tug KÄpena Bob Purdy for Young Brothers Ltd, of Honolulu, Hawaii, a subsidiary ofā¦
SeaDream Innovation Emphasizes Sustainability
Norway-based private cruise line SeaDream Yacht Club has released new details on its upcoming cruise ship, the SeaDream Innovation, which will incorporate a numberā¦
RINA Dolphin to Cut Marine Noise
Ships make a lot of noise. Much of the noise is emitted underwater, so passengers and the wider public are often unaware of this. Marine mammals, on the other handā¦
CMA CGM Launches Pharma Cargo Service
French container transportation and shipping company CMA CGM has announced the launch of a Reefer Pharma division that will focus on the temperature-controlled transportationā¦
North Sea Oil Production May Go Down
On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals contamination outages in Russia and maintenance in Kazakhstan, North Sea production is also strugglingā¦
Hamburg Süd Expands Service
The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Südāsā¦
NYK Intros Compliant Additive for LSFO
The Japanese Shipping Company Nippon Yusen Kaisha (NYK) have jointly developed a new fuel-oil additive for low-sulphur compliant fuel-oil that meets SOx emissionā¦
Shipping to Halve Carbon Footprint by 2050
The world's principal shipping organisation, representing around 80% of the worldās merchant tonnage, International Chamber of Shipping (ICS) remains confidentā¦
Cameroon Readies for IMSAS
Auditing International Maritime Organization (IMO) Member States to assess how effectively they enforce key IMO treaties is an important part of the Organization'sā¦
IMO Sets Stricter Emissions Targets for New Ships
The International Maritime Organization (IMO) on Friday agreed stricter energy efficiency targets for certain types of ships in an effort to speed up action to cut the sector's emissions.The IMO's Marine Environment Protection Committee has been meeting in London this week to discuss tougher rules on sulphur emissions and other measures towards meeting a long-term goal of cutting greenhouse gas emissions by 50% from 2008 levels by 2050.The international shipping sector accounts for about 2% of g
London P&I clubs Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market's Joint War Committee said in a statement that the additions cover areas of perceived enhanced risk for marine insurers and reflected enhanced regional risk."The situation will be kept under close reviewā¦
Marine Monitoring System Powered by Innovation
Innovation is driving advanced monitoring and control technologies for environmental and safety compliance in the marine sector, says Gérard Baldellou, marine business unit manager at CMR Group.The marine diesel power sector continues to face significant challenges, particularly in areas where emissions resulting from combustion inside engines, along with fuel consumption levels need reducing. Escalating operating costsā¦
Petropoulos New Baltic Exchange Chair
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at Braemar Shipping Services PLC. He most recently headed up Braemar's Singapore office for seven years, before returning toā¦
Steel Cut on De Beers Diamond Ship
Damen Shipyards Group and De Beers Marine Namibia (Pty) held a steel cutting ceremony to mark the beginning of construction on a new offshore crawler diamond recovery vessel for offshore operations in Namibia.At 177 meters (577 feet) long, the new vessel will be slightly larger than the current largest vessel in the De Beers Marine Namibia fleet, Mafuta (174 meters, 571 feet). Built from a Marin Teknikk designā¦
New Kotug Smit Tug Named Buffalo
On May 15, 2019, the naming ceremony of the new Damen-built tug āBuffaloā took place in the Port of Southampton, UK.Kotug Smit Towage has taken four newly-built Damen tugs into service for its European harbor towage activities, in 2017 and 2018. The latest of this quartet, the āBuffaloā is currently operating in the Port of Southampton.The āBuffaloā is an ATD Tug 2412 Twin Fin. With her 72-tonne bollard pull, the tug combines compactness with maneuverability.
