Category archives for: Europe & Eurasia

Baltic Aframax Rates Nosediving

Baltic Aframax Rates Nosediving

Last week saw a distinct lack of activity for Aframaxes in the Baltic Sea, ultimately ending with a sharp downturn in Baltic-UK Continent 100,000 mt rates, Platts reports. Platts says that the rates on the route plunged Worldscale 25 to be assessed at w65 Friday, which equates to USD 6.10/mt, the lowest level since an identical assessment on […]

VIDEO: Future Ulyses Slips into the Water

VIDEO: Future Ulyses Slips into the Water

  Norwegian shipyard Kleven hosted a launching ceremony on Saturday, August 30 of the 107-meter long Exploration Support Vessel currently being built at Kleven Verft in Ulsteinvik. The high specification vessel is designed especially for long expeditions in rough waters, and blends a robust, hard-working character with luxurious added extras. The vessel is designed by […]

Grimaldi Beefs Up Southern Express

Grimaldi Beefs Up Southern Express

Grimaldi Lines, the Italian RoRo ship owner represented by Niels Winther in Denmark, is expanding its Southern Express route with weekly departures from Europe to West Africa. As of September, Grimaldi Lines is increasing the frequency of its Southern Express line, providing weekly departures from Europe to West Africa and back. The Italian ship owner will incorporate […]

Have Your Say on Green Agenda

Have Your Say on Green Agenda

Growing concerns about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. The Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling, are working together to investigate perceptions of the ‘Green Agenda’ and whether shipping companies […]

First MOAS Rescue Mission Bears Fruit

First MOAS Rescue Mission Bears Fruit

Malta-based Migrant Offshore Aid Station (MOAS) successfully coordinated two rescues at the Mediterranean Sea on Saturday, August 30, under the guidance of the Maritime Rescue Coordination Centre of Rome. On Saturday morning, MOAS was directed by MRCC Rome to a vessel in distress: a wooden fishing boat carrying 227 Syrians and Palestinians. The group consisted […]

Hamburg Süd Christens San Christobal

Hamburg Süd Christens San Christobal

Hamburg Süd celebrated on August 28 the christening of its container ship “San Christobal” at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The vessel is the second newbuild in the series of three new “San”-class ships. Each container vessel in the “San”-class has a nominal slot capacity of 9,034 TEU, and the “San […]

Rotterdam Port Congestion Easing Up

Rotterdam Port Congestion Easing Up

The congestion which troubled the Rotterdam container sector during the past few months seems to be decreasing, the Port Rotterdam Authority reports. Inland shipping operators report that increasingly more ships are being handled on schedule. According to ECT, the situation is now under control. Sector organisation CBRB with which most barge operators are affiliated, remains […]

Readers’ Picks of the Week (Aug 25-29, 2014)

Readers’ Picks of the Week (Aug 25-29, 2014)

Plastic Main Propellers Making Debut Plastic Main Propellers Making Debut Japanese classification society ClassNK and Nakashima Propeller Co., Ltd., have installed the world’s first carbon fiber reinforced plastic (CFRP) propeller on a main propulsion system of a merchant vessel.…Read more Deadliest Week in Mediterranean More than 300 people died while trying to make irregular sea […]

Volumes up, Profit down at CMA CGM

Volumes up, Profit down at CMA CGM

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014. In the second quarter, in a market environment shaped by diverging developments in different regions: Consolidated […]

Sovcomflot Navigates Back to Black

Sovcomflot Navigates Back to Black

OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year.  SCF’s interim report has revealed that: […]

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