Archive for the ‘Markets’ Category

Diana Containerships Inc., acquires two APL sister containerships

Diana Containerships Inc., acquires two APL sister containerships
Diana Containerships Inc., a NASDAQ Company (DCIX) announced yesterday the signing of  two MOA’s with APL (Bermuda) Ltd., for the acquisition of APL’s container-sisterships the APL Sardonyx and the APL Spinel built 1995 and 1996 respectively. The vessels are able to carry 4, 750 TEU’s each and...
January 12th, 2012 | News, Sales and Purchases | Read More

Pool agreement signed: Nova Tankers is the name of the new market leading VLCC pool

The pool agreement governing the formation of a market leading VLCC pool has now been signed by the four partners. Morten Pilnov, Maersk Tankers, will be the Managing Director for Nova Tankers Pool. In this connection, the pool management company, Nova Tankers A/S, has been incorporated with Kazunori...
January 11th, 2012 | Company Profiles, Trade and Commerce | Read More

Maersk Line, Limited brings the first of two Project Cargo ships under the US Flag

Norfolk, VA, January 10, 2012 – Maersk Line, Limited (MLL) completed the reflagging under US registry of “Maersk Illinois”, its newest multipurpose heavy-lift vessel. The ship is one of two sister vessels that MLL acquired in September 2011 and which will sail for Maersk-Rickmers US Flag...
January 10th, 2012 | Flags, HR, Liner Shipping and Trade, Manning - Seafarers and Offshore | Read More

BIMCO forecasts challenging times in 2012

BIMCO forecasts challenging times in 2012
Yudhishthir Katau – BIMCO has today published its Reflections 2012, which examines critical issues facing the shipping industry now and in the coming year. This concise but thought-provoking annual analysis of the world in which shipping operates considers the challenges facing one of the world’s...
January 4th, 2012 | BIMCO, Markets | Read More

MOL President Muto’s 2012 New Year Message

MOL President Muto’s 2012 New Year Message
MOL President Muto’s 2012 New Year Message “Do Not Quarrel with Providence, or Blame Others” A Happy New Year to everyone in the MOL Group. Looking Back on 2011 2011 has been a year of momentous events. We have witnessed the Jasmine Revolution, the floods in Thailand, and the sovereign...
January 4th, 2012 | Marine Equipment Products and Services, News, People and Places, Quote of the Day, Trade and Commerce | Read More

OSE on 2011 – A year marked by uncertainty

2011 – A year marked by uncertainty 2011 will be remembered by many principally for the uncertain and volatile macroeconomic conditions seen around the world. Financial markets have been particularly affected by the economic problems that several European countries have experienced as a result of a...
January 4th, 2012 | Markets | Read More

Wartsila to supply new design for state-of-art pipe laying vessels opearating in Brazil

An artist's impression of the pipe-Laying vessels Wärtsilä to supply new design for state-of-the-art pipe laying vessels operating in Brazil. Wärtsilä, the marine industry’s leading solutions provider, is to supply the design and propulsors/positioning system for a series of two new flexible...
December 22nd, 2011 | Energy, Logistics, Marine Equipment Products and Services, Oil Industry, Shipbuilding and Shipyards | Read More

Grand and New World shipping lines create new Far East – Europe alliance

 Six carriers, nine services with fast transit times, improved port coverage; More than 90 ships, covering more than 40 ports in Asia, Europe and Mediterranean; Includes Bohai and Baltic loops Tokyo, 20 December 2011 – Six leading container shipping lines have agreed to create one of the largest...
December 20th, 2011 | Logistics, Markets, Trade and Commerce | Read More

Latest from C. N. Zachopoulos Technical Consultancy

Latest from C. N. Zachopoulos Technical Consultancy
The heavylifter vessel 'Black Marlin' Last week the Russian interests oil/rig “Platform B-312” arrived in Kavalla, Northern Greece from Singapore loaded on Dockwises’ heavylifter vessel “Black Marlin”.  After arrival the platform was discharged, refloated and then a towage certificate...
December 19th, 2011 | Energy, Logistics, Oil Platforms and Rigs, Salvage, Towage, Wreck Removals | Read More

NITC – Tanker operator of the year

Iranian Company Gains Another Award – NITC, one of the world’s leading tanker owners, has added yet again to its long list of maritime industry awards. It was honoured when it was chosen as the best tanker company in the section of Tanker Operator Award at the recent Lloyd’s List Awards, Middle...
December 16th, 2011 | Company Profiles, Oil Industry, Shipmanagement | Read More

Ship Recycling continues to grow – the Role of the Intermediary Cash Buyer

The current amount of capesize tonnage on order for 2011 is estimated at approximately 103.2m. deadweight, and it is anticipated that in excess of 25m dwt for scrapping will have wound up on the beaches of India, Bangladesh and Pakistan by the end of this year. This is one measure of the rate of scrapping...
December 16th, 2011 | P and I Clubs, Ship Demolitions | Read More

Cocoa filled container vessels call at the port of Amsterdam

“A congestion-free intermodal port” Amsterdam, 16 December 2011 – The joint container promotion by the Ter Haak Group and Port of Amsterdam is paying off. Three container shipping companies have chosen the Amsterdam port for the supply of West African cocoa beans to the European market. The...
December 16th, 2011 | Ports & Terminals, Trade and Commerce | Read More

Gibdock takes major steps to fulfill rig strategy

Gibraltar-based Gibdock’s key strategic aim to carve a niche in the growing regional market for jack-up and semi-submersible drilling rig repairs, maintenance and modification work, has moved an important step closer. Following the arrival in October of the 22, 604gt Etesco Millennium, a modified semi-submersible...
December 16th, 2011 | Oil Platforms and Rigs, Shipbuilding and Shipyards, Shiprepair | Read More

Greencarrier Freight Services Finland has appointed Jarmo Halonen to be its new MD

Greencarrier Freight Services Finland has appointed Jarmo Halonen to be its new MD
  With effect from 13 December, Jarmo Halonen has been appointed Managing Director for Greencarrier Freight Services Finland.  Jarmo Halonen has wide experience of international freight forwarding and prior to joining Greencarrier from Itella Logistics, held the position of Managing Director at the...
December 15th, 2011 | Logistics, People and Places, Trade and Commerce | Read More

Ship Operating Costs: Current and Future Trends; Shipping Funds what’s next

Ship Operating Costs: Current and Future Trends; Shipping Funds what’s next
  Anthony D. Faraklas, President of the Propeller Club, Port of Piraeus at the podium The International Propeller Club of the United States, International Port of Piraeus, along with Moore Stephens, a leading international accounting and consulting association specialized in marine affairs,...
December 12th, 2011 | Accountancy, Clubs, Events, News, Ship Finance, Shipmanagement | Read More

Keep calm over China’s huge trade and shipping ambitions

Keep calm over China’s huge trade and shipping ambitions
 IMIF chairman Jim Davis offers his wisdom to Africa maritime professionals at London gathering – by James Brewer – African business has been advised to take a relaxed view of the rapidly growing stake built by China in the continent’s raw materials and shipping sectors. The guidance was...
December 11th, 2011 | Conferences, Seminars, Forums, Markets, Trade and Commerce | Read More

HATTA awards Navigator Travel & Tourist Services Navigator website awarded for a second year running!

HATTA awards Navigator Travel & Tourist Services Navigator website awarded for a second year running! Navigator Travel & Tourist Services’ website was recently awarded, for a second year running, by the Hellenic Association of Travel and Tourist Agencies (HATTA) at the 27th Philoxenia Exhibition,...
December 8th, 2011 | Holidays, IT and Communications, Maritime Tourism, Ship Agencies | Read More

New market leading VLCC Pool

Four large tanker owners have signed a Letter of Intent to set up a new VLCC pool, controlling around 50 modern VLCCs  Partners in the VLCC Pool will be MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS...
December 8th, 2011 | Markets | Read More

Brazil’s Belov switches to SAAB Seaeye

Brazil’s  Belov switches to SAAB Seaeye
For working Brazil’s vast oil fields – bigger in size than the State of Florida – Brazilian-based underwater operator, Belov Engenharia, has switched to Saab Seaeye ROVs. It is the first purchase of Saab Seaeye vehicles by Belov, founded in 1981 and a key provider of services across...
December 6th, 2011 | Marine Equipment, Oceanology, Oil Industry, Underwater Shipping | Read More

Wood Chip Carrier “Pro Grace” Makes 1st Post-Quake Call

Supplying key raw materials to Nippon Paper Group plant TOKYO, Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) yesterday announced that the MOL-operated wood chip carrier “Pro Grace” arrived at Minamihama No.1 Pier in the Port of Ishinomaki, Miyagi Prefecture, which was recently...
December 2nd, 2011 | Trade and Commerce | Read More

Coal Carrier “Shunwa” Makes 1st Post-quake Call at Port of Soma

 Coal Carrier “Shunwa” Makes 1st Post-quake Call at Port of Soma Supplying thermal coal to Soma Kyodo Power Company TOKYO – Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) yesterday announced that the MOL-operated coal carrier “Shunwa” arrived at the Pier No.2...
December 2nd, 2011 | Trade and Commerce | Read More

Challenges facing an independent shipowner

Challenges facing an independent shipowner
 An IMIF buffet luncheon was held on Wednesday 23 November 2011 hosted by Tom Boardley, Marine Director, Lloyd’s Register with the guest speaker’s presentation being made in the hallowed General Committee Room. There, in a surrounding of panelled walls inlaid with biblical nautical quotations...
November 28th, 2011 | Conferences, Seminars, Forums, Markets, News | Read More

Tanker Derivative traders move to dollar per tonne settlement

Tanker freight derivative traders meeting at the Freight Market Information Users’ group at the Baltic Exchange last Thursday,  agreed that from the New Year all Tanker FFA contracts which are traded in Worldscale would be converted to a dollar per metric tonne ($/MT) price when presented to...
November 20th, 2011 | Markets | Read More

Changes to the composition of the Oslo Børs Benchmark Index (OSEBX)

 Oslo Børs has revised the composition of the Benchmark Index (OSEBX). The number of companies included in the index will be 59. The Benchmark Index is intended to be an investable index that comprises a representative selection of all the shares listed on Oslo Børs. Since the index is meant to be...
November 15th, 2011 | Markets | Read More

Jörg Arndt leaving HSH Nordbank on the best of terms

Jörg Arndt leaving HSH Nordbank on the best of terms
After 29 years of service to the Bank, Jörg Arndt, Head of the Group Treasury Business Unit, has asked the Management Board to release him from his contract so that he can apply himself to new professional work. The Management Board has granted his request and Mr. Arndt will leave the Bank tomorrow  15...
November 14th, 2011 | News, People and Places, Ship Finance | Read More