Electronic payment for seafarers
Seafarers employed on vessels owned by the Greek carrier Tsakos, which are operated by Columbia ship management, will now be paid electronically as opposed to ‘cash-by-master’, under an agreement signed with global maritime payments provider Ship Money. The deal means that... more
Firms demand the expansion of the port of Riesa
Central Germany’s logistics network supports plans to expand the inland port of Riesa on the river Elbe. The trimodal container terminal already handles more than 40,000 teu per year, and has thus reached the limit of its capacities. A new port terminal would be beneficial... more
New East Africa service launched
Hamburg-based Maritime Carrier Shipping (MACS) and Universal Africa Lines, Limassol (Cyprus) are launching a joint multipurpose service from North Western Europe to East Africa. The service will transport containers, break bulk, project cargo, heavy lifts and neobulk cargoes... more
New bridgehead in Turkey for Aco Marine
Turkey’s increasing market share in the shipbuilding and repair sectors has led Aco Marine to appoint Istanbul-based Esko Marine as its agent for the region. Aco Marine, a company specialising in wastewater management solutions, has seen a shift in focus from Far Eastern yards... more
Good start of the year for Dunkirk
With a monthly throughput of more than 5 million t of goods handled in March, the French port of Dunkirk is approaching the monthly record mark established before the global economic crisis in April 2008 (5.29 million t). The volumes recorded at the LNG terminal contribute to... more
Joining forces to make "green hydrogen"
BP, Nouryon, and the port of Rotterdam have joined forces to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam (the Netherlands), which has the potential for a significant reduction of CO2 emissions. The refinery... more
GHG emissions study reveals fuel savings
An independent study on greenhouse gas (GHG) emissions, commissioned by SEA\LNG and SGMF and conducted by the data and consultancy provider Thinkstep, has revealed that GHG reductions of up to 21% are now achievable from the use of LNG as a marine fuel, compared with current... more
Spanish Ports continue on growth path in 2019
According to data published by Puertos de Estado, trade flows in Spanish ports grew to 89.9 million t in the first two months of 2019, 4.1% more compared to the same period in 2018. Goods in international transit increased by 7.4% to 24 million t. Some 44.4% of the goods... more
Bremenports invests in long-term project in Iceland
The development of the port at Finnafjord in northeast Iceland is now taking shape, following the establishment of the Finnafjord Port Development Company (FFPD). EFLA, an Icelandic consultant company, Bremenports (Germany) and Icelandic municipal governments are managing... more
Swedish Club reports volatility in investment
After Q1/2019, the Swedish Club stated that investments in the sector were very volatile with equity markets in free fall during December 2018. As a result, a negative investment return of -1.6% was recorded at the end of December. Profits in the underwriting business covered at... more