Archive for May, 2009
Indian shores lure more foreign cos
Recessionary winds blowing across the globe have directed overseas shipping and logistic companies to sail on the Indian shores sensing a business opportunity in midst of a slowdown.
In the past two months, at least three international shipping companies have entered India to tap the market in the country. Even the existing overseas companies, which had [...]
NORTH’S LOSS-PREVENTION BLITZ
NORTH of England P&I club says it is stepping up its already wide-ranging loss-prevention campaign by identifying opportunities within its entered fleet to develop risk-avoidance measures and providing members involved with direct advice and support.
The initiative is one of a series of proactive loss-prevention measures discussed by the club’s loss-prevention working party during its recent [...]
U.S. Shipping Vessels Achieve Remarkable Safety, Environmental Milestones
U.S. Shipping Partners L.P. announced yesterday that it has received a commendation by the American Maritime Officers for its strong safety and environmental record. Collectively, 10 vessels in the U.S. Shipping Partners fleet have gone a total of 44.5 years without a lost-time accident (LTA). The company and its fleet have also been recognized with [...]
BW AND ASRY EXPAND REPAIR DEAL
BAHRAIN-based ASRY and tanker operator BW Fleet Management have “renewed and expanded” their existing fleet repair agreement.
The new repair agreement was signed by Morten Steen Martinsen, managing director of BW Fleet Management and Chris Potter, CEO of ASRY, in April in Bahrain. The Norwegian company, which operates out of both Oslo and Singapore, manages a [...]
Shipping insurance sky-rockets as pirate attacks increase
Piracy in the waters off the coast of the failed East African state - particularly in the critical Gulf of Aden which connects the Red Sea to the Indian Ocean - set a record of 120 attacks in 2008. Attacks in 2009 are on course to top those records.
The dramatic increase in activity by [...]
Piracy off Somalia high on agenda as IMO Maritime Safety Committee meets
imo
IMO’s Maritime Safety Committee (MSC) is to meet at the Organization’s London Headquarters for its 86th session from 27 May to 5 June.
The packed agenda includes discussion on piracy and armed robbery against ships off the coast of Somalia and in the Gulf of Aden, the implementation of the Long Range Identification and Tracking (LRIT) [...]
WARSHIPS INTERVENE AGAINST PIRATES
FOREIGN warships have intervened successfully at least twice in recent days to prevent Somali-based pirates hijacking merchant ships.
On Friday the Italian warship Maestrale arrested nine pirates after they fired on the St Vincent and the Grenadines-flag handysize bulker Maria K and had also threatened the nearby US-flag Maersk Virginia. The Italian warship is reportedly waiting [...]
JAMAICAN FLEET GROWS
THE Jamaica Registry has set itself the target of reaching 1m gt within the next four years. Currently there are 68 merchant vessels and 664 small craft registered under the Jamaica Flag which equates to a tonnage of 264,392 gt.
The Jamaican Flag is said to be enticing European owners to its register. Over the first [...]
Piraeus Port limits losses in first quarter of 2009
The Board of Directors of P.P.A S.A on 25 May 2009 approved the Financial Reports of the Company for the first quarter of the financial year 2009. From the Report, the following are raised: 1. The Company’s turnover increased by 46.60% amounting to €27,85mil. Against €19mil. in the relevant period of 2008. Although personnel mobilizations [...]
Shipbreaking volumes grow in China
Shipbreaking is accelerating in China, by common consent the world leader when it comes to recycling vessels in the most environmentally friendly way.
Jiangyin in the Yangtze river delta is the leading area for breaking in China. A spokesman from Changjiang Shipbreaking yard said recently, following the scrapping of 44 ships in the first quarter of [...]
