Coast Guard News

November 24, 2020
Greek tanker heavyweight Tsakos Energy Navigation (TEN) has kept a steady course during the rollercoaster year of 2020, having delivered strong business results while pushing forward with fleet modernization plans. TEN’s net income for the three-month period that ended on September 30, 2020 reached $1.4 million compared to a net loss of $9.5 million in the same quarter of 2019.  For the nine months of 2020, TEN’s net income was $56.7 million, a major rebound from $697,000 in the same period from last year.... [Read More]
November 24, 2020
After exactly two months in operation, the shipbreaking cartel in Bangladesh has collapsed as it failed to secure enough tonnage, GMS, the world’s largest cash buyer of ships for recycling, said. During the sixty-day period ended 21 November, a few powerful local buyers of tonnage for demolition had tried to control prices in their favor – at a time when both India and Pakistan were kicking on, leaving Bangladesh trailing in their wake and doing very few deals. ... [Read More]
November 24, 2020
Danish bunker company Monjasa has acquired an oil and chemical tanker from Golden-Agri Stena to support the increasing demand for its fuel solutions. The 9,600-dwt vessel, formerly known as GS Adventure, has been renamed Monjasa Server and is set to start cargo and bunkering operations in the Arabian Gulf in November 2020.... [Read More]
November 24, 2020
Switzerland-based marine fuel logistics company Minerva Bunkering and Singapore-based tanker company Hafnia have completed the first-ever bunker delivery conducted entirely over Minerva’s new Advanced Delivery Platform (ADP). As explained, the platform provides real-time details of bunkering operations including quality of fuel delivered, operational timelines, and quantity received as per mass flow meter profiles.... [Read More]
November 24, 2020
Japanese shipping major Mitsui O.S.K. Lines has carried out a demonstration test of a microplastic collection device, jointly developed with compatriot boiler manufacturer Miura Co. The device has been installed on a newbuilding wood chip carrier and tested at the end of October. The microplastic collection device is activated during operation of the ballast water treatment system, with the assumption that collection takes place during cargo handling operations. ... [Read More]
November 23, 2020
The IMO member states have agreed to give further consideration to the industry-led proposal for the establishment of a $5 billion research and development fund aimed at accelerating the introduction of zero-emission technologies into the shipping industry. The fund is being proposed as the shipping industry attempts to centralize and streamline investment into research and development into relevant projects and scale them up in order to avoid significant amounts of money becoming stranded.... [Read More]
November 23, 2020
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history. The deal, revealed earlier today in a stock exchange filing, comes from an unnamed European shipowner and is worth $2.5 billion (KRW 2.8 trillion). As disclosed, the contracted ship blocks and equipment are scheduled for delivery by the end of 2025.... [Read More]
November 23, 2020
A Panama-flagged tanker has been towed to safety after it went adrift off the ecologically sensitive Nicobar Islands, India, on 20 November. The ship, identified as the 105,300 dwt Anastasia 1, suffered power failure and was afterward abandoned by its crew. At the time of the incident, the ship was en route to Dubai with 24 crew members on board and a cargo of bunker fuel. ... [Read More]
November 23, 2020
Three people have been kidnapped from the Togo-flagged bunkering vessel Stelios K which was boarded last week by a group of pirates while en route to Lagos. As Offshore Energy – Green Marine reported, the shipowner lost contact with the vessel on November 17 resulting in authorities seeking to establish the vessel’s location and make contact with the crew.  ... [Read More]
November 23, 2020
Daehan Shipbuilding Industry (DSIC), part of China Shipbuilding Industry Corporation (CSIC), has entered into a deal for the construction of up to two 155,000-ton shuttle tankers with Beihai Shipping. Under the contract, the Suez-max shuttle tankers include one firm order scheduled for delivery in 2020 and one optional ship. The shuttle tanker is intended for CNOOC Group’s Brazilian offshore oilfiel project.... [Read More]
November 23, 2020
The US Federal Maritime Commission has launched an investigation into cargo-related practices that are having a negative impact on congestion and amplifying bottlenecks at the ports of Long Beach, Los Angeles, New York and New Jersey.... [Read More]
November 23, 2020
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history. The deal, revealed earlier today in a stock exchange filing, comes from an unnamed European shipowner and is worth $2.5 billion (KRW 2.8 trillion). As disclosed, the contracted ship blocks and equipment are scheduled for delivery by the end of 2025.... [Read More]
November 23, 2020
Viking Grace, a ferry operated by Finland-based company Viking Line, ran aground in heavy winds outside the harbour of Mariehamn, the Åland Islands, on 21 November. At the time of the incident, there were 331 passengers and 98 crew members on board the 218-metre-long vessel. No injuries were reported. ... [Read More]
November 23, 2020
The IMO member states have agreed to give further consideration to the industry-led proposal for the establishment of a $5 billion research and development fund aimed at accelerating the introduction of zero-emission technologies into the shipping industry. The fund is being proposed as the shipping industry attempts to centralize and streamline investment into research and development into relevant projects and scale them up in order to avoid significant amounts of money becoming stranded.... [Read More]
November 23, 2020
Ocean Infinity has signed a contract for eight 78-metre, optionally crewed robotic vessels as part of the next phase of its ‘Armada‘ fleet. According to the company, these fuel-efficient, onshore-controlled vessels will initially only utilise a skeleton crew onboard. In due course they will work with no personnel offshore whilst also consuming solely renewable fuel such as ammonia.... [Read More]
November 20, 2020
The Clean Arctic Alliance slammed the decision by the International Maritime Organization (IMO) to approve a ban on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade. The ban was approved during a virtual meeting of the IMO’s Marine Environment Protection Committee (MEPC 75) which took place from November 16-20, 2020.... [Read More]
November 20, 2020
The Clean Arctic Alliance slammed the decision by the International Maritime Organization (IMO) to approve a ban on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade. The ban was approved during a virtual meeting of the IMO’s Marine Environment Protection Committee (MEPC 75) which took place from November 16-20, 2020.... [Read More]
November 20, 2020
The Clean Arctic Alliance slammed the decision by the International Maritime Organization (IMO) to approve a ban on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade. The ban was approved during a virtual meeting of the IMO’s Marine Environment Protection Committee (MEPC 75) which took place from November 16-20, 2020.... [Read More]
November 20, 2020
Product tanker major Hafnia Limited believes that further consolidation is needed within the product tanker sector to fully unleash value and synergies from additional operational scale. Hafnia Limited was set up in January 2019, following a merger between BW Tankers with Hafnia Tankers, a fellow subsidiary of BW Group. The merger was effected through a share swap arrangement, where newly issued shares of BW Tankers were exchanged for all outstanding shares of Hafnia Tankers. ... [Read More]

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