Author: admin

9 Sep by admin

Bunker spill detected from burnt VLCC off Sri Lanka

Indian Coast Guard Adam Polemis’s New Shipping and his recently selected P&I Club are facing a sizeable bill for the ongoing operation to avert an ecological disaster in the Indian Ocean off Sri Lanka. The laden New Diamond VLCC suffered a boiler explosion in its engine room on Thursday, killing one seafarer and starting a […]
9 Sep by admin

Hartnoll confirms talks to invest in TransLiner

X-Press Feeders Tim Hartnoll, the executive chairman of X-Press Feeders, part of the Sea Consortium group, has confirmed his family’s private equity business is in negotiations to invest in NVOCC TransLiner. Splash reported earlier this week that X-Press Feeders was close to sealing the acquisition of TransLiner. “The Hartnoll family private equity business, which has […]
9 Sep by admin

FSL Trust settles dispute with Torm

Singapore-based First Ship Lease Trust has announced that it has reached a final settlement agreement with Torm over a legal dispute regarding the condition of two vessels, Torm Margrethe and Torm Marie. The two vessel were redelivered to FSL by Torm in the summer of 2018 with FSL claiming that Torm Margrethe, now named FSL […]
8 Sep by admin

Fire reignites on laden VLCC off Sri Lanka

Sri Lanka Air Force Sri Lankan authorities have spent the last 20 hours fighting to contain a reignited fire on the laden Panamanian-flagged VLCC New Diamond. The blaze, which had initially thought to have been brought under control on Sunday after more than three days, started again on the starboard side near the funnel on […]
8 Sep by admin

X-Press Feeders denies TransLiner speculation

X-Press Feeders The next round of consolidation within the feeder space may not be happening quite as fast as reported. X-Press Feeders, the world’s largest container feeder company, has distanced itself from speculation carried on this site yesterday that it is close to sealing the acquisition of Singapore-based NVOCC TransLiner. A spokesperson for the company […]
8 Sep by admin

Swedish consortium unveils wind-powered vessel capable of carrying 6,000 vehicles

Wallenius Marine A Swedish consortium including Wallenius Marine is set to give a sneak peak of its revolutionary new wind-powered car carrier design this Thursday. The Oceanbird, capable of carrying 6,000 vehicles, has been created by the the KTH Centre for Naval Architecture, maritime tech developer SSPA and Wallenius Marine. The Swedish Transport Administration agreed […]
7 Sep by admin

Search resumes as final moments emerge of stricken livestock carrier off Japan

Japan Coast Guard The Japanese Coast Guard resumed aerial search operations for missing crewmembers of the Gulf Livestock 1 today after a typhoon-hit weekend made search and rescue operations impossible. Forty crew are still missing from the ship, a converted boxship, which lost power, took on water, capsized and sank with more than 5,800 cattle […]
7 Sep by admin

Golden Ocean appointment leaves Avance Gas without CEO

John Fredriken’s bulker outfit, Golden Ocean Management, has announced the appointment of Peder Simonsen as its new chief financial officer, replacing Per Heiberg who has resigned. Simonsen moves from his role as CFO and interim CEO of pure-play VLGC owner Avance Gas, a company that lists Fredriksen’s Hemen Holding as its largest shareholder. After Simonsen’s […]
7 Sep by admin

FESCO appoints new president

Russia’s Far Eastern Shipping Company (FESCO) has appointed Arkady Korostelev as the new president of the company, effective from September 4. Korostelev has replaced Maxim Sakharov, who had only been in the position for about six months. Sakharov will continue with the company as first deputy president. Prior to the appointment, Korostelev was vice president […]
4 Sep by admin

Blazing fully laden VLCC towed away from Sri Lankan coastline

Indian Coast Guard Naval ships and airplanes from India, Sri Lanka and Russia continue to douse the blaze on the fully laden New Diamond VLCC as sad news from Sri Lanka emerges that one Filipino crewmember died from the inferno. Fearing the worst, authorities are now attempting to tow the ship away from the Sri […]

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