ClassNK Issues First Type Specific Training Course Approval for ECDIS Certification to FURUNO INS Training Center Singapore. ClassNK issued its first Type Specific Training Course approval for an ECDIS(Electronic Chart Display and Information System) Training Course offered by FURUNO INS Training Center Singapore. The approval, which coincides with the grand opening of the new training center, certifies that the course offered by the center complies with the leading classification society’s new Standard for Maritime Education & Training New requirements for the installation of ECDIS systems will be phased in from 1 July 2012, after which vessels will be required to navigate using ECDIS as their primary chart system. As part of this process, masters and deck officers will be required to undergo adequate training and prove their understanding and proficiency in using the new systems. In addition to the generic ECDIS training required by the STCW Convention and Code, the governments of the UK and Ireland, as well as the Paris MOU, require masters and all deck officers on flag vessels which make use of ECDIS systems as their primary means of navigation undergo Type Specific ECDIS training for the ECDIS systems used onboard their vessels. In recognition of the growing demand for not only rigorous generic ECDIS training courses, but also high quality training programs for individual ECDIS Systems
Sinopacific's Crown63 class Bulk Carrier, JS Amazon, gains BV's first EEDI rating Leading international classification society Bureau Veritas has issued its first EEDI (Energy Efficiency Design Index) certificate to the ultramax geared bulk carrier JS Amazon, the lead ship in a new generation of ‘CROWN63’ vessels developed by China’s Sinopacific Shipbuilding Group with bulk carrier expert Setaf-Saget.
Malaysia International Shipping Corp (MISC) will raise about $600 million in global bonds by mid-2001 to partly fund the purchase of four ships worth some $1 billion. "We are first going to the market to be rated by international agencies like Standard & Poor's and Moody's and then will look at issuing bonds," MISC managing director Mohd Ali Yasin said. He said the credit ratings and the bond issue, the first by MISC globally, would be completed by middle of next year.
Bergesen d.y. ASA booked a net loss of $24.3 million from the sale of all of its shares and rights issues in Kvaerner. Bergesen sold Kvaerner A-shares at 107.45 crowns and rights issues in A-shares at 24.45 crowns. From the first quarter of 2000 Bergesen's accounting has been done in dollars. It said as a result of the conversion from Norwegian crowns, the book value of the shares in Kvaerner were set at the dollar value at the time of acquisition
THE Liberian Registry has carried out the first ship inspection for compliance with the ILO Maritime Labour Convention 2006 (MLC), ahead of its entry into force. The inspection was performed on board the 7,000 teu containership UASC Yanbu, owned by D Oltmann Reederei GmbH & Co KG of Bremen, Germany, and managed by Anglo Eastern Ship Management Limited, at the port of Hamburg on March 29, 2011. Commending Anglo Eastern Ship Management Limited and the ship’s master and crew for
Euronav NV will repay the US$235 million bond issued to finance the acquisition of 15 VLCC oil tankers from Maersk Tankers Singapore, following a closure of its Initial Public Offering (IPO) of ordinary shares on the New York Stock Exchange. According to press release, Euronav issued notice to exercise its right to request the contribution of 30 outstanding perpetual convertible preferred equity securities on January 30, 2015. It expects to repay the bond on or around February 19, 2015
The Federal Maritime Commission (FMC) issued an Order denying the appeal of Canaveral Port Authority whose earlier motion to stay discovery and expedite its appeal had been denied by the Administrative Law Judge (ALJ). The FMC has initiated two proceedings against the port authority: one alleging unjust refusal to establish reasonable regulations relating to towing services in the port and another alleging unreasonable refusal to deal or negotiate
Ocean Tankers Holdings PCL aims to raise about $13.38m from the initial public offering (IPO) that starts in the first such issue of a new company to list on the Cyprus Stock Exchange in two years. The company, presently privately owned by the Michael Ioannides Group and its affiliates, has a fleet of three double-hull tankers under the Cypriot and Maltese flags and the proceeds of the issue, that will reduce the principal shareholder’s stake to just below 70%
This site will serve as a communication channel to the membership and colleagues in the tanker shipping world. Over the next few weeks, content will be added and will include more of the issues INTERTANKO is working on. Public information is accessible via the top-bar menu, including general information, membership, press releases, book shop, useful links etc. Tanker facts, a press room and image gallery are soon to follow.
1815 - USS Hornet captures HMS Penguin in battle lasting 22 minutes 1882 - SECNAV Hunt issues General Order No. 292 creating Office of Naval Intelligence. 1917 - Launching of USS New Mexico, first dreadnought with turboelectric drive 1945 - Carriers begin pre-assault strikes on Okinawa, kamikaze attacks follow 1958 - First launching of simulated Polaris missile from submerged tactical launcher facility off CA.
In third-quarter 2015, CMA CGM once again outperformed the market average in an industry shaped by a sharp fall in freight rates and overcapacity in certain markets. Freight rates were especially weak on certain lines, including Asia-Europe
A new Polar Logistics Vessel being built for Terre Australes et Antarctiques Françaises (TAAF) and the French Polar Institute (IPEV), and which will be operated by the French Navy, is to be powered by Wärtsilä propulsion solutions
Could bolster claims by other countries against China; China boycotting proceedings, rejects court's authority. The Philippines asked global judges on Tuesday to recognise its right to exploit waters in the South China Sea, a case that could bolster territorial claims by other countries against
Dry bulk shipping firm Golden Ocean Group said on Tuesday it did not consider an equity issue to improve its liquidity and balance sheet following challenging markets conditions. "We are not considering equity issue. We are working on other options, including sale and leaseback
The Liberian Registry has launched a new service enabling shipowners and managers to apply online for certification under the major international liability conventions. Earlier this year, Liberia launched an online certification facility on its secure eMaritime website to expedite
China is not aware of any plan to discuss the disputed South China Sea at an Asia Pacific leaders' summit next week, a senior Chinese diplomat said on Tuesday, amid tensions between China and the Philippines over the waters. For its part
European shipowners have widened the scope of the former European Community Shipowners’ Associations (ECSA) Piracy Working Group, now renamed ECSA Maritime Security Working Group in a move aiming to keep the European shipping industry abreast of maritime developments.
The South China Sea issue is likely to come up on the sidelines of the APEC summit if it is not on the formal agenda, State Department spokesman Mark Toner said on Tuesday. The Asia-Pacific Economic Cooperation summit is scheduled for Nov. 17-19 in Manila
Verifavia, the world’s leading emissions verification company for the transport sector, has been tasked by five shipping companies with performing a pre-verification gap analysis against the European Commission’s (EC) Monitoring, Reporting and Verification (MRV) rules.
Boeing Co (BA.N) is in "very serious conversations" with five customers about its new Maritime Surveillance Aircraft, a long-range spy plane based on Bombardier's 605 business jet, an executive said on Tuesday. Robert Schoeffling
Minister of Petroleum, Bijan Zangeneh said that Iran and Belgium are in talks for possible floating production of liquefied natural gas (LNG) FLNG Unit off the Kharg Island in the Persian Gulf. The issue was brought up during Zangeneh’s talks with Belgian Secretary of
The United States Coast Guard (USCG) has issued the rule with regard to obligation of installation of ballast water management system for the vessels engaged in U.S. waters. The rule is entitled as "Standards for Living Organisms in Ship's Ballast Water Discharged in U.S
PwC Greece has introduced a new team of specialists focusing on sustainable business in the shipping sector, the Maritime Sustainability Center, led by the well-known shipping sustainability expert, Ms. Helena Athoussaki. Working within PwC’s Shipping Advisory Group
China's top admiral said his forces have shown "enormous restraint" in the face of U.S. provocations in the South China Sea, while warning they stand ready to respond to repeated breaches of Chinese sovereignty. Beijing, which claims almost the entire energy-rich South China Sea
China came under renewed criticism over its rising profile in the South China Sea at Asia-Pacific summit when Philippines President Benigno Aquino III warned China that “the world is watching” you, reports Reuters.