Greece News

01 Apr 2019

Navios Acquisition Disposes Oldest VLCC

Pic: Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation, an international shipping company, said that it  has sold the oldest vessel of its fleet, the C. Dream.According to a press release from the US-listed, Greece-based company, the 299,000-dwt very large crude carrier (VLCC) C. Dream (built 2000) is sold for $21.75m.The 323,967 cbm vessel, with a length of 332 meters and a width of 60 meters, was built in Hitachi shipyard in Japan.Navios Acquisition is an owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

31 Mar 2019

TMS Cardiff Gas Charter Pact with Vitol

Pic: TMS Cardiff Gas

Greece-based TMS Cardiff Gas, an operator and manager of 16 liquefied natural gas (LNG) Carriers, announced that it  has entered into a ten year time charter contract with Vitol, a energy & commodities company, for one of its X Carrier Series vessels.The 174,000 cubic meter vessel with efficient XDF propulsion is being constructed at Hyundai Heavy Industries (HHI). The LNG carrier company has now secured term employment for ten of its eleven X Carrier Series vessels and maintains options for further growth.The vessel will be built to the highest industry specifications…

29 Mar 2019

Report: Collision Caused by Turning Error

A report issued by the Maritime and Port Authority of Singapore (MPA) found that a February 9, 2019 collision between a Greece-registered bulk carrier and a Malaysian Government vessel within Singapore Port Limits off Tuas was caused by a turning error.As the collision took place in Singapore Territorial Waters, the Maritime and Port Authority of Singapore (MPA) launched an investigation into the facts surrounding the collision.The MPA investigation showed that an error in the turning maneuver carried out by PIREAS caused it to collide with POLARIS, which was anchored at the time in a non-designated anchorage within Singapore Port Limits.  MPA has issued a stern written warning to the master of PIREAS for the collision.

27 Mar 2019

American Club: Four Senior Appointments

Shipowners Claims Bureau, Inc. (SCB), Managers of the American Club, has announced several senior appointments which have been made to enhance the capabilities of its global service teams.At the Club’s headquarters in New York, Margaret Lee has been appointed as Lead Counsel. With 20 years of experience in the industry, Lee is a New York-admitted attorney who worked in private practice before joining the Club’s management several years ago. Lee has particular expertise in occupational disease claims and, in addition to overseeing the wide – and diverse – range of legal matters which attend the operation of the Club and its Managers,…

27 Mar 2019

Solar Solve Wins 40-Ship Order from S.Korea

Image: Solar Solve marine

The UK-based manufacturer of sunscreens for navigation bridge windows scored order for SOLASAFE anti-glare roller sunscreens that will be installed on 40 vessels that are being built in South Korea during 2019.The Type Approved screens will be fitted at the navigation bridge windows to protect ship’s personnel from heat, glare and uv light that is radiated by the sun to create a safer and more comfortable working environment.Included in the order is a series of 14 massive VLCC 320…

26 Mar 2019

Piraeus Port Wins Environment Award

Photo (left to right): Mr. Nikos Avlonas, President of the Centre for Sustainability & Excellence (CSE) and Mr. Nektarios Demenopoulos, Deputy Manager of Public Relations, Investor Relations & Company Announcements Department.

Piraeus Port Authority SA (PPA) was honored with a Special Award in the "Environment" category for the "Environmental Quality Monitoring Programs in collaboration with Academic Institutions and Special Scientific Associates” during the 4th Annual Sustainability Summit 2019, organized by the Centre for Sustainability and Excellence (CSE) in cooperation with the MBA International of the Athens University of Economics and Business.Upon receipt of the award, Mr. Nektarios Demenopoulos…

19 Mar 2019

Cruise Meet at Posidonia Forum

Photo: Posidonia

The biennial Posidonia Sea Tourism Forum will be held from May 28-29, 2019, at the Domotel Kastri Conference Center, in Athens’ northern suburbs. Here there will be more than 30 senior cruise executives responsible for ports and destinations from the world’s biggest cruise lines, including MSC Cruises, Royal Caribbean Cruises, Holland America Group, Disney Cruise Line, Silversea Cruises, Fred Olsen Cruise Lines and Celestyal Cruises among others.Elisabetta De Nardo, VP Port Development…

18 Mar 2019

ARC Loads Cargo in Thessaloniki

 Image:  American Roll-on Roll-off Carrier Group

The largest U.S.-flagged roll-on roll-off (Ro-Ro) carrier American Roll-on Roll-off Carrier (ARC) said that its M/V Patriot loaded equipment for the Army’s 4th Combat Aviation Brigade (CAB) at the port of Thessaloniki.M/V Patriot moved a mix of helicopters, vehicles, containers and support equipment used to take part in Operation Atlantic Resolve for 4th CAB, which is returning to Fort Carson, Colorado. 4th CAB is being replaced by 1st CAB from Ft. Riley, Kansas, said a press release.Operation Atlantic Resolve has been ongoing in Europe since 2014…

17 Mar 2019

Top Ships Adds Tanker to Fleet

Pic: Top Ships

Top Ships Inc, which owns and operates tanker vessels worldwide, said that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco Marina Del Ray.According to the international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, Eco Marina Del Ray is constructed at the Hyundai Mipo shipyard in South Korea.The Greece-based company also said that the vessel is scheduled to commence its five-year charter employment with Cargill on March 18…

15 Mar 2019

Submarine Cables Writing Award

Each year, the International Cable Protection Committee (ICPC) sponsors the Rhodes Academy Submarine Cables Writing Award for a deserving paper addressing submarine cables and their relationship with the law of the sea.

Each year, the International Cable Protection Committee (ICPC) sponsors the Rhodes Academy Submarine Cables Writing Award for a deserving paper addressing submarine cables and their relationship with the law of the sea. With the award, the ICPC seeks to foster scholarship regarding submarine cables and the law of the sea and promote the rule of law as applied to submarine cables. In 2018, the selection jury chose Ms. Liao Xuexia of China as the winner for her paper titled: “Protection of Submarine Cables against Acts of Terrorism.”Each year…

14 Mar 2019

"The best expedition cruise ship ever"

“ ... the best expedition vessel ever built ... ” 
Nikolaos Doulis, Senior Vice President, New Buildings, Lindblad Expeditions, and the model of National Geographic Endurance at the tank testing facility, sporting Ulstein’s signature ‘XBox’. Photo: Lindblad Expeditions

A cruise industry veteran of more than 25 years, Nikolaos Doulis, Lindblad Expeditions’ SVP, New Buildings, discusses with Maritime Reporter & Engineering News the build plan for “the best expedition cruise ship ever built.”Born in Greece to a seafaring family, Nikolaos Doulis was destined for a maritime career. His father was a ship captain and eventually a ship owner, and to support the family business he wanted his son to have an engineering education. So at the age of 14, Doulis started spending more time in and around ships…

13 Mar 2019

Iran's Oil Tanker Fleet Being Squeezed as Sanctions Bite

© alexyz3d / Adobe Stock

Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled and Panama has also removed at least 21 Iranian tankers from its registry forcing Tehran to put the vessels under its own flag…

08 Mar 2019

Wärtsilä to Provide BWMS for Eletson's Tankers

Eletson Vesssels (Photo courtesy of Wärtsilä)

The technology group Wärtsilä’s dual technology option for Ballast Water Management Systems (BWMS) will enable Greece based operator Eletson Corporation to have its entire fleet retrofitted from a single provider. A total of 23 product oil, chemical, and LPG carriers of the company’s fleet will be retrofitted with up to 69 Wärtsilä BWMS units, comprising of both their Aquarius UV (ultra-violet) and Aquarius EC (electro-chlorination) systems. The order was booked in February 2019.The…

28 Feb 2019

Turkey Launches Largest Naval Exercise

© Cristal Oscuro/AdobeStock

Turkey's military launched the largest naval exercise in its history on Thursday, February 28, carrying out drills with frigates, corvettes and submarines in the Black Sea, Aegean and eastern Mediterranean.The nine-day exercise is aimed at testing the readiness of command bases and operation centers throughout Turkey's territorial waters, the defense ministry said.On board the frigate TCG Barbaros, gunners fired live ammunition at mock targets floating on the waves. Nearby, helicopters lowered soldiers onto a ship's deck…

28 Feb 2019

New Book on Ship Stability

Dr. Vadim Belenky, a naval architect in the Simulations and Analysis Branch at Naval Surface Warfare Center, Carderock Division, holds a copy of Contemporary Ideas on Ship Stability: Risk of Capsizing on Jan. 23, 2019. The book is a compilation of papers from engineers, naval architects and professors from around the world, for which he was the editor in chief. (U.S. Navy photo by Kelley Stirling/Released)

To say this book is a collection of research would be an understatement. “Contemporary Ideas on Ship Stability: Risk of Capsizing” is more like a preservation of knowledge covering the last nine years.Dr. Vadim Belenky, a naval architect in the Simulations and Analysis Branch at Naval Surface Warfare Center, Carderock Division, was the editor in chief for the book, the chapters of which are papers from engineers, naval architects and professors from around the world. Belenky himself co-authored four of the papers…

26 Feb 2019

IRClass Taps opportunities in Greece

Pic: Indian Register of Shipping (IRClass)

Since opening its Greek office in 2010, the Indian Register of Shipping (IRClass) has made inroads into the Greek shipping market, said a press release from the company.Based in Piraeus, the IRClass office has been actively engaged with Greek shipyards and owners to offer its full range of classification services.It has recently certified three Ro-Ro vessels in Greece for the Theodoropoulos shipyard and has also taken several other vessels into Class.Currently, IRClass is working on seeking authorisation from Greek maritime authorities to survey and certify all types of Greek flagged vessels…

26 Feb 2019

INSIGHTS:

U.S. hopper dredge companies visit Washington, DC for a CEOs/Owners Roundtable with General Semonite and staff at U.S. Army Corps of Engineers Headquarters. (L-R, Maj. Gen. Scott Spellmon, Richard Weeks (Owner, Weeks Marine), Frank Belesimo (EVP, Cashman Dredging), William P. Doyle (CEO, DCA), Harry Stewart (EVP, Dutra Group), Lasse Petterson (CEO, Great Lakes Dredge & Dock), Mark Sickles (Sr. Director, Weeks Marine), General Todd Semonite, Dan Hussin (VP, Manson Construction), Fred Paup (Chairm

William P. Doyle, CEO & Executive Director of the Dredging Contractors of America (DCA).William P. Doyle is the CEO & Executive Director of the Dredging Contractors of America (DCA). Twice a U.S. Senate confirmed Presidential appointee to the U.S. Federal Maritime Commission (FMC), Doyle has, over the course of a long and celebrated career, successfully worn many hats. Prior to his FMC appointment, Mr. Doyle served on cabinet and executive level boards and committees under both the Obama and George W. Bush Administrations. Before that, he served as an officer in the U.S.

22 Feb 2019

Bilfinger Sees Huge Potential in Scrubber Market

Tanker with Bilfinger Scrubber. Photo: Bilfinger SE

The international maritime shipping industry is increasingly using emission-reducing flue-gas desulfurization systems provided by Bilfinger, claimed the German engineering company.Following additional orders in recent months, the industrial services provider now has contracts for its scrubber technology with a value in excess of €100 million on its order books, said."This brings a total of 70 vessels belonging to national and international shipping companies in line with stricter future environmental requirements imposed by the International Maritime Organization (IMO) and the European Union…

20 Feb 2019

Hedge Funds Hunt for Shipping Debt

Image CREDIT: AdobeStock / © Kasto

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector.World economy worries and cost pressures are dampening prospects for a proper recovery in many segments of the shipping sector, which has struggled with tough markets for a decade.Meanwhile European banks, particularly German lenders, are trying to offload distressed and performing loans…

17 Feb 2019

DSME Bags LNG Carrier Order from Maran Gas

File Pic: Daewoo Shipbuilding & Marine Engineering

South Korea’s shipbuilding giant  Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for a liquefied natural gas (LNG) carrier from Greece-based shipowner.According to Yonhap News Agency the South Korean shipbuilder received an order to build an LNG carrier for Maran Gas Maritime, a unit of the Angelicoussis Shipping Group.The newbuilding - 174,000 cbm ship - is expected to be delivered to its owner by the first half of 2021. The value of the contract has not been disclosed.Daewoo Shipbuilding has obtained US$740 million worth of orders so far this year to build seven ships…

12 Feb 2019

Piraeus Port Signs MoU with Italian Ports

Image: Piraeus Port Authority S.A.

The Greek port of Piraeus signed a memorandum of understanding (MoU) with Italy’s port authorities from the cities of Venice and Chioggia.The agreement seeks to develop port services and promote increased trade flow between Europe, the Mediterranean and the Far East.The MoU was signed during a meeting between the chairman and CEO of Piraeus port Fu Chengqiu and the president of the Northern Adriatic Sea Port Authority (Venice and Chioggia) Pino Musolino.The MoU envisages cooperation in improving the exchange of best practices and knowhow in port management…

10 Feb 2019

Polaris-Pireas collision Near Singapore

Photo credit: Singapore Police Force

Malaysia government (Marine Department Malaysia) vessel Polaris and Greece-registered bulk carrier Pireas collided in territorial waters within Singapore port limits off Tuas on Feb 9, 2019.Pireas was on its way from Singapore to its next port of call at Tanjung Pelepas when the collision took place.After refuelling at Singapore’s eastern bunkering anchorage south of Bedok, Pireas declared to Maritime and Port Authority of Singapore (MPA) that its next port of call was to be Tanjung Pelepas. At 1355 hrs, Pireas entered Singapore Port Limits off Tuas (“the area”).

07 Feb 2019

Satcom Services by Telespazio, Grimaldi

Image: Telespazio a Leonardo/Thales Company

European spaceflight services company Telespazio and the shipping company Grimaldi Group have recently signed two contracts to strengthen the satellite communications capabilities of the Neapolitan shipping group on its fleet of cargo and passenger ships.Telespazio, a joint venture between Leonardo and Thales, said in a press release that the first agreement provides for managing on-board communications for RO/RO, RO/RO multi-purpose and PCTC (Pure Car & Truck Carrier) vessels in the Grimaldi Fleet that operate between Northern Europe…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News