Kiel’s First Shore-Based Power Supply Plant for Shipping
Port of Kiel's first shore-based power supply plant for shipping was officially inaugurated at the Norwegenkai.
The building contractor for the shore-based power plant, which was built by Siemens, is the Port of...
ExxonMobil Puts $100 Million in Fuel Research
DOE National Labs Partner with ExxonMobil for $100 Million in Joint Research in a ten-year agreement.
The agreement will foster research collaboration on scalable technologies that improve energy efficiency, minimize greenhouse gas emissions,...
Global Ship Lease Sees Profits and Charter Coverage Rise
In a major development, Global Ship Lease (NYSE: GSL), a company that leases out mid-sized and smaller container ships, has reported improved earnings in its first full quarter since completing a transformative merger with...
Ballast Water Microbes Shows a Ship’s Journey
In one of the largest geographic surveys of ballast and harbor water to date, Claudia Gunsch and William Gerhard, scientists at Duke University in North Carolina, showed that they can identify the source of...
Greek Shipowner Has Ordered Its Sixth 174,000-m3 LNG Carrier
An article published in LNG World Shipping reports that the Greek shipowner Capital Gas has ordered its sixth 174,000-m3 LNG carrier from South Korea’s Hyundai Heavy Industries (HHI), as some UK-based BRL Shipping Consultants...
Belships ASA Acquires Supramax Bulk Carrier for $12.0 Million
Belships ASA has agreed to acquire the 55,866 dwt bulk carrier M/V Sephora from Prospero Marine Ltd, a company controlled by Greek shipowner Elias Kulukundis, says an article published in Dry Cargo International.
MV Sephora
MV...
What Sinking Ship Finance Means To Future Ocean Freight Markets?
Two key indicators of vessel finance – securities sales by U.S.-listed ship owners and global marine syndicated loan activity are both flashing red.
U.S.-listed ship owners grossed only $650 million from sales of...
DryShips (DRYS) Announces Acquisition of Vessel
According to an article by Street Insider, DryShips Inc., a diversified owner, and operator of ocean-going cargo vessels, today announced that it has agreed to acquire from an entity.
Fair market value
It is deemed to...
Drewry: Boxship Scrapping To Rise Ahead of IMO 2020
The United States has ceased granting waivers for the import of sanctioned Iranian oil will contribute to carriers’ rising operating expense in the short-term.
IMO 2020 will trigger much greater scrapping of containerships...
[Watch] 13 Indians Aboard a Burning Cargo Vessel Off Khalid Port
According to an article published in Khaleej Times, the quick-acting Sharjah Civil Defence, firefighters rescued a crew of 13 Indians from a burning cargo dhow anchored at Sharjah Creek near Khalid Port.
What happened?
The vessel...