Maritime Vessels Directory

Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.HRADF will sell majority stakes in the share capital of Alexandroupolis, Igoumenitsa, Heraklion and Volos ports, the agency said in an invitation to hire financial advisers for the sales released on this website.China's COSCO has bought a 51% stake in Piraeus Port, the country's biggest, in 2016. A German-led consortium also acquired a 67% share in Thessaloniki Port in 2018.Greece aims to raise 2.

Environmental DNA Emerging in the Ocean Science Community

16 hours ago

There is a new buzzword in the ocean science/sensing community. The word is eDNA, an abbreviation for environmental DNA. This refers to DNA that can be extracted from environmental samples without first isolating any target organisms. In the maritime community such samples are taken from water. All living organisms leave traces of DNA in their environments which is an indicator of their presence over time. This DNA is released into the environment through the biological process of living animals or by the decomposition of dead organisms. eDNA is a complex mixture of traces that enables the detection of a species regardless of its life stage or gender.

Oil Economics: Freight Rate Surge Cuts into Trader's Profits

19 hours ago

A jump in freight rates has shaved profits for oil traders seeking to store crude for sale towards the end of the year, even as the contango in the first six months for Brent futures stretched to its widest ever, trade sources said.While a sharp rebound in spot crude differentials could lift traders' profits, a broadening slump in global demand is stretching out the time that markets will need to digest bulging inventories and spark a price recovery, traders said.Unlike in previous contango plays -- where low oil prices eventually prompted major producers to tighten supplies

Ship with COVID-19 on Board Piloted Remotely through Suez Canal

19 hours ago

A cruise ship with at least reported 65 cases of coronavirus on board was piloted remotely through the Sueaz Canal.On March 23, a pilotage team aboard two escort tugs remotely piloted Italian passenger ship Costa Diadema during a northbound convoy through the new Suez Canal, while the ship was sailing without passengers from from the United Arab Emirates to Italy. In addition to four senior pilots to guide the vessel on two escorting tugs, one in the front and one astern, radar guidance and minute by minute follow-up were employed in full coordination with transit control offices and navigation monitoring stations along the Canal.

Carnival Brands Pause Cruises for Another Month

19 hours ago

Four of Carnival Corp’s cruise lines said on Monday they would extend the suspension of all voyages by a month to May due to the coronavirus crisis that has worsened over the past few weeks.The brands - Holland America Line, Carnival and luxury cruise ship operators Seabourn and Cunard - together operate 49 ships.Carnival Corp, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this month.

Maritime Reporter and Engineering News (March 2020)

Cruise Shipping Annual