Saudi says pirate “terrorism” will spark crackdown
piracy
ATHENS (Reuters) - Saudi Arabia’s foreign minister said on Tuesday the hijacking of a Saudi supertanker with $100 million of oil onboard would trigger an international crackdown on piracy, which he compared to terrorism.
Prince Saud al-Faisal said Saudi Arabia would throw its weight behind a European-led initiative to step up security in the busy shipping [...]
Shipbreaking set for healthy turnaround amidst gloom
cargo
Amidst the all pervading recessionary trends, at least one segment of maritime industry is jubilant. Shipbreaking industry, Indian or global, is
up and going and is expected to post a remarkable turnaround this fiscal. The turnaround is more pronounced in the case of India, where it had been in doldrums during the last couple of years. [...]
“Go to sea!” campaign launched at IMO to attract entrants to the shipping industry
imo
A campaign to address the global shortage of seafarers, especially officers, which threatens the very future of the international shipping industry, has been launched by the International Maritime Organization (IMO) in association with the International Labour Organization, the “Round Table” of shipping [...]
InterManager condemns lack of action on piracy
InterManager, the International Ship Managers’ Association which represents a worldwide fleet of more than 2,500 ocean‐going ships and some 100,000 crew, has condemned the lack of a co‐ordinated international effort to tackle the escalating piracy problem in the Gulf of Aden.
With more than 200 seafarers now being held hostage off the coast of Somalia, some [...]
More casualties, fewer losses
THE combined total of losses of and serious casualties to merchant ships continued to increase in 2007, with over 1,000 incidents, a record number, delegates at the annual conference of the International Union of Marine Insurance in Vancouver were told. Incidents have shown a steady upward climb since 2006 when 600 were reported.
However, there has [...]
Crew crunch may compromise shipping safety standards
Safety standards within the shipping industry risk being compromised further as the world grapples with an increasing shortage of skilled ship crew, believe senior industry players.
Specialist shipping sectors such as LNG (liquefied natural gas), oil and chemical shipping that require highly skilled and experienced seafarers are some of the worst hit sectors in the industry.
Besides [...]
Shipping cos not hiring trainees face Rs 20-lakh fine
Shipping firms that do not have at least 15% of their crew as trainees will be liable for a penalty up to Rs 20 lakh per vessel. They may even lose tax benefits from next year. The government has made it mandatory for shipping companies availing tonnage tax benefits to employ trainees passing out from [...]
Seaspan takes delivery of new containership.
Seaspan Corporation (NYSE:SSW) announced that it has accepted delivery of its 31st vessel, the CSCL Sao Paulo. The 2500 TEU newbuilding, which was constructed by Jiangsu Yangzijiang Shipbuilding Co., Ltd., is the second of its size in Seaspan’s fleet. The CSCL Sao Paulo was delivered August 7, 2008, approximately sixteen weeks ahead of the original [...]
STX and SCI Sign Contract.
Shipping Corporation of India (SCI) has signed contracts for construction and delivery of four Panamax bulk carriers with STX Shipyard, reports said.These vessels would be of higher capacity in the Panamax size range with 80,655 DWT each compared to the conventional Panamax vessels of 75,000 dwt.. SCI has embarked upon a fleet acquisition plan and [...]
Permission to foreign seafarers to be employed on Indian flag vessels.
Background:
1. Shipping industry is one of the most globalized industries operating in a highly competitive business environment that is far more liberalized than most of the other industries and is, thus, intricately [...]
