Rotterdam Joins Start-ups for Port of the Future
The Port of Rotterdam Authority has signed partnership agreements with four recent participants in the annual PortXL innovation programme. The products developed…
MOL's Coal Carrier OI MARU to Serve JERA Trading
Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier OI MARU, which will serve JERA Trading , was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018.
Oosterhout Container Terminal Joins West-Brabant Corridor
Oosterhout Container Terminal (OCT) has now joined the West-Brabant corridor, the partnership launched in February 2018 between deep-sea terminals, inland shipping…
Port of Dunkerque Obtains EcoPorts’ Environmental Standard (PERS)
ESPO congratulates Port of Dunkerque (France) for obtaining for the first time EcoPorts’ environmental management standard (PERS). Isabelle Ryckbost, ESPO’s Secretary General…
MSC Cruises Orders Another Newbuild at STX France
MSC Cruises has ordered a fifth Meraviglia class cruise ship at STX France. Due to be delivered in 2023, the vessel will be equipped with a new generation of dual-fuel engines designed to run on liquefied natural gas (LNG).The agreement for the new Meraviglia-Plus vessel represents an additional investment of €900 million (approximately $1.06 billion).With today’s order, MSC will be adding 13 new ships through 2026.The announcement was made at a ceremony held at the Saint-Nazaire shipyard…
Number of Ships Waiting to Load Soy in Brazil Jumps 60%
The number of ships waiting to berth at Brazilian ports to load soybeans and its byproducts is currently almost 60 percent larger than in the same period last year, according to data from shipping agency Williams compiled by Reuters.At the same time, the amount of ships that are berthed and currently loading is 42 percent smaller than seen at this time last year.Associations representing soy processors…
Deutsche Bank Sells $1 Bln Non-performing Ship Loan Portfolio
Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said.Germany's flagship lender has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion to investors Oak Hill Advisors and Varde, one of the sources said.Deutsche Bank and Oak Hill declined to comment…
FUELTRAX Plans EFMS Event in Nigeria
FUELTRAX will host a free one-day electronic fuel monitoring solution (EFMS) symposium in Lagos, Nigeria on June 28, to demonstrate the impact of FUELTRAX technology…
22 Rescued from Containership Ablaze in the Bay of Bengal
The Indian Coast Guard said it has rescued all 22 crew members from a containership that caught fire around midnight in the Bay of Bengal.Coast Guard vessels arrived on scene Thursday morning and rescued all crew and the captain from Indian flagged SSL Kolkata, Coast Guard Commander Inspector General (NE) Kuldip Singh Sheoran said.SSL Kolkata was sailing from Krishnapatnam in Andhra Pradesh to Kolkata when the fire broke out due to an explosion in one of the containers…
Royal Caribbean Buys $1 Bln Stake in Silversea Cruises
Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more than $5,000.In contrast, the most expensive cruises run by Royal Caribbean under its Azamara Club Cruises brand cost around $3…
INTERVIEW: Natasa Pilides, Cyprus Deputy Minister of Shipping
Natasa Pilides, Cyprus Deputy Minister of Shipping, has held this newly created political post for only three months, but already she has big plans to facilitate the growth of her country’s stature in world maritime circles. In Athens at Posidonia we discuss with her Cyprus’ plan for the development of the its maritime infrastructure and blue economy. Coming in the July 2018 edition of Maritime Reporter & Engineering News, read our interview with Ms.
SAL Heavy Lift Inks Deal for Horns Rev 3 Shipments
SAL Heavy Lift said it signed a contract with GeoSea NV for the shipment of a total of 49 transition pieces for the Horns Rev 3 Offshore Wind Farm.The assignment compiles transportation of TPs from fabrication yards in Aalborg, Denmark and Vlissingen, Netherlands to the project port of Esbjerg in Denmark. SAL must prepare a full HSSE and Quality plan, create the technical design and finalize the engineering work…
Tanker Captain Fined for Safety Violations
The captain of a Russian oil tanker is forced to pay £25,761.99 (more than $34,300) in the U.K. for breaching the International Safety Management (ISM) Code in a…
Rock Seven and Blue Sky Network Partner
Communications technology and services developer Rock Seven said it has partnered with Blue Sky Network, a provider of mission-critical, satellite-based fleet management, tracking and operational analytics solutions serving private, commercial and government customers worldwide.This long-term cooperation will support growth in Blue Sky Network’s maritime strategy, but additionally has ramifications…
MES-S Delivers 66,000 DWT Bulk Carrier
Japanese shipbuilder MITSUI E & S SHIPBUILDING CO., LTD. (MES-S) said it has completed and delivered a 66,000 dwt bulk carrier M.V. Kedros at its Tamano Shipyard on June…
Wight Shipyard Delivers Catamaran for Scotland
U.K. shipbuilder Wight Shipyard Co has delivered its latest vessel to Scottish tourism operator Loch Ness by Jacobite. The new 20-meter day-cruise passenger catamaran Jacobite Maverick is joining the company’s fleet sailing between Dochgarroch, just outside Inverness, Clansman Harbour and the ruins of Urquhart Castle.Designed by Australia’s One2three Naval Architects, the hullform of the new catamaran…
Saudi Arabia, UAE to Establish Shipping Lane to Yemen's Hodeidah Port
Saudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen's Hodeidah port and surrounding areas on Wednesday, after a Saudi-led alliance of Arab states launched an attack on Yemen's Houthi-held main port city.As part of the plan, the two coalition states aim to establish a shipping lane to Hodeidah from the UAE capital, Abu Dhabi, and Jizan, a city in southern Saudi Arabia, officials told a news conference in Riyadh.They will also distribute food, provide medical suppli
Stronger Rates Lift Baltic Index for Third Day
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the third consecutive session on Thursday supported by stronger rates across capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 29 points, or 2.1 percent, to 1,433 points.The capesize index climbed 93 points, or 4.5 percent, to 2,184 points.Average daily earnings for capesizes, which typically transpor
HSH Nordbank Aims to Buy Shipping Loans from Other Banks
Germany's HSH Nordbank, once the world's biggest ship financier, aims to buy shipping loans from other banks and make new investments in the industry as it emerges from years of turmoil, a top bank official said.The bank's regional government owners are selling the lender to buyout groups Cerberus Capital Management and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG also taking stakes."HSH…
EIA: Oil Barrel Price Steady Around $70
EIA expects Brent prices will average $71 per barrel in 2018 before declining to $68 per barrel in 2019. In the June 2018 update of its Short-Term Energy Outlook (STEO), the U.S.
