Category archives for: Americas

KKR, Borealis Hustle Nine Container Ships

KKR, Borealis Hustle Nine Container Ships

The joint venture between KKR Special Situations Group of Kohlberg Kravis Roberts & Co. L.P. (USA) and Borealis Maritime Ltd. (UK) has signed an agreement with Frankfurt-based Commerzbank to buy nine container vessels financed by the bank. USD 216 million proceeds will be used  for the redemption of loans. “This transaction is the second successful capital markets […]

Much Bigger Fleet for LNG Shipping Needed in the Long Term

Much Bigger Fleet for LNG Shipping Needed in the Long Term

Continuing weak demand and excess tonnage are expected to depress LNG shipping earnings in the near term. But longer term the sector could face vessel shortages as ordering slows and liquefaction projects come on stream, according to the LNG Shipping Market Annual Review and Forecast report published by shipping consultancy Drewry. The global LNG trade fell […]

USCG Fires on Iranian Boat in Arabian Gulf

USCG Fires on Iranian Boat in Arabian Gulf

A U.S. Coast Guard vessel operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, the U.S. Department of Defence said.  A statement issued by […]

Container Carriers Bringing Down Carbon Emission

Container Carriers Bringing Down Carbon Emission

BSR’s Clean Cargo Working Group (CCWG) said in its latest annual CO2 emission performance data for the container shipping industry that on an average, its member carriers have reduced CO2 emissions per container transported in 2013 by 7.7%.   7.7% reduction of CO2 emissions per container in 2013 Clean Cargo Working Group is a business […]

Interview: Switch to Gas Needs Speeding Up

Interview: Switch to Gas Needs Speeding Up

Maritime transport is moving towards the use of gas as a prime source of energy for propulsion and power generation on board ships. As the ‘dash for gas’ takes hold worldwide, the maritime industry has a golden opportunity to leapfrog the increasingly strict regime governing emissions of harmful atmospheric pollutants, reduce the carbon footprint of […]

UK Warship Seizes 600 Kilo Cocaine Haul

UK Warship Seizes 600 Kilo Cocaine Haul

A UK Royal Navy’s warship HMS Argyll has seized nearly 600 kilos of cocaine with a street value of nearly USD 35 million after a 12-hour pursuit across the Caribbean. After receiving information that a suspicious-looking vessel had been spotted by a maritime patrol aircraft, HMS Argyll, which is on counter-narcotics operations in the region, […]

USA: NW Longshore Workers Going Back to Work

USA: NW Longshore Workers Going Back to Work

Longshore workers who load grain in the U.S. Pacific Northwest export terminals have voted to ratify a new collective bargaining agreement with several multinational grain companies. The contract will be in effect until May 31, 2018. Members voting in favor totaled 1,475; those voting against numbered 193. “Terms of the agreement include work rule changes […]

Keel Laid for Holland America’s Largest Ship

Keel Laid for Holland America’s Largest Ship

Seattle-based cruise company Holland America Line celebrated the keel laying of its new 2,650-guest Pinnacle Class ship on Aug. 22 at Fincantieri’s Marghera shipyard in Italy. A 680-ton block was lowered by crane into the yard’s building dock, marking the official beginning of construction. The 99,500-gross-ton ship is scheduled for delivery in February 2016. The […]

Image of the Day: Colossal Vigorous on Blue Marlin’s Back

Image of the Day: Colossal Vigorous on Blue Marlin’s Back

The heavy lift vessel Blue Marlin passes under the Astoria-Megler Bridge on its transit to deliver Vigorous, the largest floating dry dock in the USA, to Vigor Industrial in Portland, Oregon, August 24, 2014. The Blue Marlin is a 738-foot semi submersible heavy lift vessel from the Netherlands designed to transport large oilrigs. World Maritime News […]

Liberian-Flagged Bulker Busted for Cocaine Smuggling

Liberian-Flagged Bulker Busted for Cocaine Smuggling

The Colombian Navy has seized 39.8 kilograms of cocaine found aboard the Liberian-flagged bulk carrier “Ping May”, the Navy informed. Coast Guard Station Santa Marta and CTI personnel conducted the inspection of the vessel which was anchored in the sector Swamp – Magdalena. They found two bags with 40 packages containing drugs located in the […]

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