India: Dry bulk cargo shipowners lay up vessels, sell older ships
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Bangalore: Indian shipping firms engaged in carrying dry bulk cargo such as coal or steel have started laying up vessels and even selling older ones as freight rates plunge to record lows amid the global economic downturn and credit crunch. A lay-up happens when a ship is withdrawn from trading operations.
“The market for dry bulk [...]
Russian Register of Shipping - Guarantee for quality and safety
russian_register
Russian Maritime Register of Shipping (RS) has been awarded a golden medal ‘Guarantee for quality and safety’. RS has become a laureate of National Safety awards and has received a golden medal in the nomination “For the development of technical standards aimed at ensuring safety of offshore oil and gas facilities”. The National Safety awards [...]
2008 IMO Award for Exceptional Bravery at Sea presented to Brazilian seafarer
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The 2008 IMO Award for Exceptional Bravery at Sea has been presented to a Brazilian seafarer who saved fellow crew members from a dangerous fire on a ship.
Mr. Rodolpho Fonseca da Silva Rigueira, of the drill ship Noble Roger Eason, nominated by the Government of Brazil, for his decisive, selfless action to rescue six fellow [...]
Indian Maritime University ties up with global schools, IIMs for courses
Our Bureau
Chennai, Nov. 25 The newly formed Indian Maritime University (IMU) has tied up with five international institutions and with the IIMs in Ahmedabad and Bangalore to offer various maritime-related courses.
IMU has tied up with Dalian Maritime University (for MBA in port management), with Shanghai Maritime University and Antwerp University (for MBA in international [...]
Saudi says pirate “terrorism” will spark crackdown
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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 [...]
“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 [...]
Captain Derek Kruger Experience while passing Somalia coast.
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Dear Reader;
I am one of the very few that has out foxed the Somalia Pirates. During the Month of August of 1997 on or about, I was delivering a ship belonged to my former company in Quebec Canada “Transport Desgagnes”to Madagascar when off the horn of Africa (Somalia) we experienced a storm. I [...]
Shipping cos stick to ramp-up plans
NEW DELHI: Undeterred by the global meltdown, Indian shipping companies are going full steam ahead with their expansion plans. Major domestic shipping companies, such as Shipping Corporation of India (SCI), Great Eastern (GE) and Essar, have already placed orders for 58 ships in Korea and China worth $3.3 billion and are bullish on their future [...]
Melting polar ice cuts pollution in Straits of Malacca
KUALA LUMPUR: The polar icecap in the Arctic is melting away. Bad news for many scientists, but welcomed by shippers who see the fabled Northwest and Northeast Passages finally opening up.
And that could lead to fewer ships using the Straits of Malacca, causing less pollution and erosion of Malaysia’s coastline.
Maritime experts, though, believe Malaysia’s ports [...]
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 [...]
