Maritime News

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US OFFSHORE WIND 2020

Posted On: 12-04-2020

US Offshore Wind 2020 (USOW20) is an event for companies that are exploring to invest,want to discover new partners or try to acquire contracts in expected US offshore wind projects. This is the fifth year USOW20 will be organized. New Energy Update and Reuters Events are organising US Offshore Wind. At this event the visitors have the opportunities to contact ..readmore

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Drewry: Low-Sulphur Fuel to Cost 30% More Than the Current Fuel

Posted On: 05-04-2020

Early indications of prices for low-sulphur fuel oil 0.5% compliant with the IMO 2020 rule showed that the new fuel costs about 30% more than the current, high-sulphur IFO380 fuel at Asian ports which have started selling it. According to shipping consultancy Drewry, the price is based on actual bunkering transactions for shi..readmore

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IMO 2020: Hapag-Lloyd Implements New Charge to Cope with Additional Costs

Posted On: 05-04-2020

German shipping major Hapag-Lloyd has revealed plans to introduce an IMO 2020 Transition Charge (ITC) for short-term contracts as of December 1, 2019. As explained, the move comes in an effort for the company to mitigate fuel price volatility and transitional operational expenses. The introduction of the International Maritime Orga..readmore

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DHT Holdings Inks Charters for 6 VLCCs

Posted On: 01-04-2020

Crude oil tanker company DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs). All six ships have contracts with firm periods of 12 months at an average fixed daily hire of USD 67,300 per day with prompt delivery. The VLCCs in question include DHT Lake, DHT Raven, DHT Scandinavia, D..readmore

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IRClass: 1st Ship Classed under Lebanese Flag

Posted On: 01-04-2020

Ship classification society Indian Register of Shipping (IRClass) has classed its first vessel under the Lebanese flag. Named Jouri, the ship was converted from a vehicle carrier to a livestock carrier under the survey of IRClass which included structural modification, plan approval and reapproval of stability conditions. Jouri..readmore

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Emergency USD 1.23 Mln Fund to Support Seafarers Impacted by Covid-19

Posted On: 30-03-2020

A UK-based charity the ITF Seafarers’ Trust (ITFST) is launching a USD 1.23 million (GBP 1 million) emergency fund to address the impact of the global pandemic on seafarers and their families. Seafarers are being retained on vessels after sign-off, left ashore in foreign countries unable to return to their families, and dep..readmore

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Crew Members of Maersk Boxship Test Positive for Covid-19

Posted On: 30-03-2020

Five crew members of a Maersk owned and operated containership docked in Ningbo, China, have tested positive for coronavirus. Maersk spokesperson told our publication that the tests from a total of seven seafarers evacuated from the ship last week came in yesterday, March 30. To remind, the seafarers on board the Danish-flagged containership ..readmore

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Meyer Werft: Impact of Coronavirus on New Cruise Ship Orders to Be Immense

Posted On: 26-03-2020

Apart from the ongoing health crisis caused by COVID-19, the cruise industry is currently also faced with an economic crisis. The entire industry and especially the cruise shipbuilding is now in a completely different situation than just a few weeks ago. Meyer Werft, one of the largest shipbuilders in the world which is based in Papenburg, Germany, is also feeling significant effects amid the cor..readmore

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Maersk Gjertrud Seafarers Suspected of Having Coronavirus

Posted On: 26-03-2020

A number of seafarers on board the containership Gjertrud Maersk, owned by the world’s largest shipping company Maersk, have been evacuated from the ship and taken to a hospital for treatment after experiencing symptoms linked to Covid-19. The seafarers started showing symptoms on March 23 and were immediately isolated on t..readmore

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Unifeeder Takes Majority Stake in The Feedertech Group

Posted On: 24-03-2020

Short-sea operator Unifeeder has acquired a 77% stake in The Feedertech Group,a Singapore-based feeder and shortsea operator the company announced. As informed,the remaining 23% shareholding in the group will be retained by the group’s Chairman, Ali Maghami. Established in 2003, the group operates two companies; ..readmore

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DFDS Adds Another Firm to Its Logistics Portfolio

Posted On: 24-03-2020

In an effort to further expand its European logistics network, Danish ferry and logistics company DFDS has acquired 100% of the share capital of the Finnish logistics company Freeco Logistics. The transaction was closed on December 19, 2019, and Freeco Logistics will be consolidated in the DFDS Group. “Freeco Logistics is a fast-growing Finnish provider of transport services that..readmore

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In Depth: Oslo Set to Become Zero-Emission Port

Posted On: 17-03-2020

Being one of the leading maritime centers in the world, Norwegian Port of Oslo is looking to expand further, meeting at the same time its ambitious targets for reducing greenhouse gas (GHG) emissions. Clear targets are set for 2030, with an 85 percent reduction in current GHG emissions, and after that efforts will continue so that Oslo can become a zero-emission port in th..readmore

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Hunter Joins New Scrubber Pool for VLCCs

Posted On: 17-03-2020

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

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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

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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

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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

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Norden Creates Targeted Decarbonization Role

Posted On: 16-03-2020

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

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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

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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

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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


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