London - Although it is unwise to draw large conclusions based on league table results from a single quarter, one point which does stand out is that the volume of refinancings crept up considerably in the last three months compared to previous quarters
Baku - BP and partners have signed the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new offshore platform and facilities
Moscow - TransContainer, Obltransterminal and T1 have reached an agreement on launching daily block train from Moscow region to Siberia. The project branded as Kleschikha Daily by the name of the rail station in Novosibirsk is aimed to provide quality regular rail container service for cargo destined for Novosibirsk
London - The Shipowners’s Club, the leading mutual protection and indemnity insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2018
London - A new shipping simulation centre is under construction in Portsmouth, England. The centre is an expansion of the Maritime Skills Academy’s training portfolio serving the Solent region
Copenaghen - The European Maritime Safety Agency’s, EMSA, service of Remotely Piloted Aircraft Systems is now being used by the Danish authorities to monitor ship emissions
Gorinchem (The Netherlands) - The biggest European shipbuilders have announced a new cooperative initiative to develop and demonstrate a connected vessel platform
Brussels - The EU Social Partners in the maritime sector, ECSA and ETF, welcome the adoption by Members of the European Parliament of the proposal for a Regulation establishing a European Maritime Single Window environment
Oslo - Norway’s shipbuilder Vard, part of the Fincantieri Group, has delivered the new polar expedition cruise ship Le Bougainville to France’s Ponant cruise line
Rotterdam - In the first quarter of 2019, 5.1% more freight passed through the Port of Rotterdam than in the same period last year
Moscow - Novatek, Russia’s largest private gas producer, has started to export liquefied natural gas (LNG) from its newly built small-scale LNG plant in Russia’s Baltic Sea port of Vysotsk
Sofia - Italy’s Fincantieri, German shipyard Luerssen and Bulgaria’s MTG Dolphin have submitted bids in a 570 million dollars tender to build two patrol ships for the Bulgarian navy
Houston - Intermarine, Zeaborn and Rickmers Line have combined and consolidated operations to unite as Zeamarine, a new and trusted industry leader
Brussels - The Commission has launched a public consultation on a preliminary list of products from the USA on which the European Union may take countermeasures in the context of the ongoing Boeing dispute
Rotterdam - BP, Nouryon (formerly AkzoNobel Specialty Chemicals) and the Port of Rotterdam Authority are jointly investigating the possibilities of producing green hydrogen for the BP refinery in Rotterdam
Dubrovnik - China pledged to increase trade with Central European countries and provide more financial support for major cross border infrastructure projects to promote regional cooperation
New Delhi - India imported about 5 percent more oil from Iran in the last fiscal year despite Washington restricting its purchases from Teheran
Nanjing - China’s energy giant has partnered with a leading power company in France to jointly develop an offshore wind power project in east China’s Jiangsu Province
Marseillle - Following the close of the public tender offer launched on 12 February 2019, the CMA CGM Group announced today that it will hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for 16 April 2019
Bergen - Corvus Energy will supply a 550kWh Energy Storage System (ESS) for a new all-electric skimmer workboat. The ESS will allow the boat to be in full working mode for four to five hours, and a full battery charge will take just two hours. In addition, the vessel has solar panels on board
London - VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher
Mumbai - Costa Cruises, the first and only international cruise company to offer regular cruises directly from Mumbai to Cochin, Cochin to Maldives, Maldives to Mumbai, confirmed its strong interest in developing the Indian cruise market, by just completing their third successful India season
Brussels - The Commission has fined General Electric €52 million for providing incorrect information on its planned acquisition of LM Wind, the leading American supplier of blades to the offshore and onshore wind industry
Copenaghen - Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, a study commissioned by BIMCO shows
Piraeus - The annual briefing to the Hellenic Republic Asset Development Fund (HRADF)of the results of Piraeus Port Authority SA for the year 2018 took place at the headquarters of PPA S.A. in the presence of the CEO of PPA S.A. Captain Fu Chengqiu and Angelos Karakostas, Deputy CEO
Beijing - China is building the world’s largest liquefied natural gas carrier with a capacity of 270,000 cubic metres to cope with the rising demand for the clean fuel in the nation, said a top shipbuilder. Shanghai-based Hudong-Zhonghua Shipbuilding (Group) has joined hands with DNV-GL for construction of the carrier
Copenaghen - Claus V. Hemmingsen will step down as Vice CEO of A.P. Moller – Maersk and CEO of the Energy division
London - Strong headwinds are facing the industry, and the future of the sector has never been so unsure in the last decade
Frankfurt - Deutsche Bank came under increased pressure on Thursday to move forward on a tie-up with Commerzbank after Italy’s UniCredit was named as a potential alternative bidder for the German lender
Marseille - Annick Girardin, French Minister for Overseas Territories has christened the “Fort de France”, the first vessel belonging to CMA CGM’s new fleet
Genoa - Some regions, like Lombardy and Piedmont, promote the LNG trucks by removing the car tax. Some others, like Liguria, don’t.
Brussels - Spain has claimed victory in an argument with Britain over the status of Gibraltar, after the European Parliament passed a law that referred to the peninsula as a “colony of the British Crown”
Copenaghen - A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange
Genoa - The fourth “Shipowners and Shipbuilding” Forum will be held on May 21st at the Nautical Institute Auditorium in Genoa. The title of the fourth edition will be “Six months to 2020. The ships of the future, green and autonomous?”.
Beijing - China’s e-commerce company Jd.com, Alibaba’s major competitor, starts its new shipping business
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Genoa - With a 10% share, Glc, the sovereign fund of Singapore, becomes the third column of the second shipowner in the world
Philip Blenkinsop
Naples - The Port System Authority of the Central Tyrrhenian Sea has announced that in the first two months of this year the traffic of container handled in the ports of Naples and Salerno has increased by 8.4% in terms of TEUs loaded
Brussels - The Council and the European Parliament have agreed that, following Brexit, UK citizens coming to the Schengen area for a short stay should be granted visa free travel
Milan - A specialist fund run by BlackRock could be given extra time to bid for troubled Italian lender Carige, three sources familiar with the matter said
Bremen - German container-terminal giant Eurogate has suffered a decline in net earnings by 20.9%, with significant declines at the transshipment terminals in Italy
Marseille - The CMA CGM Group has announced the union of its Containerships and MacAndrews brands under the single Containerships brand
Milan - Agreement reached between Contship Italia and TiL for the control of Medcenter Container Terminal S.p.A. in Gioia Tauro
Rotterdam - The Port of Rotterdam has signed a partnership with the North Brabant region, the region of Eindhoven, north of Belgium, to realise increased container transport via inland shipping
Monaco - Scorpio Bulkers has reached agreements for a total of $41 million to finance the installation of exhaust gas cleaning systems on some of its vessels
London - May advised by some to call an election. “A laughing stock” - Siemens’ UK head.
Bordeaux - The coastline of New Aquitaine could be largely spared by pollution from the sinking of the freighter Grande America in the Bay of Biscay, the oil slick having curved its movement to Spain, as reported Thursday by the Atlantic Maritime Prefecture
Belgium, whose North Sea ports of Antwerp and Zeebrugge are the gateway for large amounts of goods trade with the United Kingdom, is one of the EU countries most exposed to the impact of Brexit
Oslo - Container shipping industry is experiencing small yet significant improvements, writes Xeneta, the company that publishes the monthly XSI Public Indices report on the the global market movements in the container shipping industry
London - Liquefied natural gas (LNG) vessel owner GasLog Ltd has agreed a 12-year charter contract with world’s largest LNG buyer, Japan’s JERA