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Issues First

ClassNK Issues Approval for ECDIS Training

NK_Hardhat web.jpg

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


Liberia issues first Maritime Labour Convention Certificate

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


MISC To Raise $600M To Buy Ships

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 Books Big Loss On Kvaerner Sale

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


Bureau Veritas Issues First EEDI Certificate

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.  


Euronav Pays Bond to Buy 15 Maersk Tankers

Photo: Euronav NV

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


FMC Declines to Expedite Appeal Process

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 to Raise $13m from IPO

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%


Intertanko Launches Website at www.intertanko.com

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.


This Day in Naval History – March 23

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.


Stolt-Nielsen Completes Bond Issues

Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.1 percent. The placement was oversubscribed.   The settlement date for the bonds will be April 8, 2015


Long Beach, LA Collaborate to Improve Cargo Flow

Photo: Port of Long Beach

Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies that will enhance velocity and efficiency throughout their gateway’s supply chain.  


Damen joins World Ocean Council

Image: Damen Shipyards Group

 Dutch-based Damen Shipyards Group has become the latest member of the World Ocean Council (WOC).    The global shipbuilder headquartered in the Netherlands is the first European shipbuilder to join the WOC, the international business leadership alliance on ocean sustainability


Indonesia Partners with China on Maritime

Chinese President Xi Jinping holds a welcoming ceremony for Indonesian President Joko Widodo. Photo Credit: Zhang Duo

 Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint statement issued after his meeting with Xi noted that “the 21st Century Maritime Silk Road


Palau Reports Increase in WRC Applications

Palau International Ship Registry (PISR) has received a high volume of applications from owners looking to have the correct documentation in place prior to the imminent entry into force of the Nairobi Wreck Removal Convention. Marisabel Arauz Park


CMA to Host Cyber Security Panel

U.S. Coast Guard, shipping industry professionals, to speak on cyber security issues at CMA Conference   Jeffrey G. Lantz, Director of Commercial Regulations and Standards for the United States Coast Guard’s Assistant Commandant for Marine Safety


China Criticizes US over Maritime Patrol Proposal in South China Sea

Vice Adm. Robert Thomas, commander of U.S. 7th Fleet: US Navy Photo

 China asked the United States to take no position on the South China Sea issue after US Navy Officer Robert Thomas promised to back the Association of Southeast Asian Nations (ASEAN) in patrolling areas of the waterway.   "We hope the United States will strictly honor its


Indonesia, Japan Defense Agreement to Tackle South China Sea Issue

Australian Strategic Policy Institute (ASPI)

 Indonesia will sign a non-binding defense agreement with Japan next week when President Joko Widodo visits Tokyo for talks with Prime Minister Shinzo Abe.   Tokyo is forging closer security ties with Southeast Asian nations and builds a counter-balance to China


Pakistan's Port Qasim to Receive First Cargo of LNG from Qatargas

LNG Floating Terminal: Port Qasim Authority

 The first load of Liquefied Natural Gas (LNG) traded by Qatari supplier, Qatargas, is planned to reach the Port Qasim LNG terminal on March 26, says a report in Reuters.   Qatargas is providing the LNG to Pakistan at $8 to $9 per Million British Thermal Units (MMBTU)


Legally China Can't Claim South China Sea: Indonesia

Indonesian President Joko Widodo (Photo:  The national association for Amateur Radio)

 Indonesian President Joko Widodo said China'a claims to the majority of the South China Sea have "no legal foundation in international law," he told Japan's Yomiuri newspaper.   "We need peace and stability in the Asia-Pacific region


BOEM Issues Offshore Wind Energy Research Lease

 BOEM issues first wind energy research lease in Federal offshore waters   The U.S. Bureau of Ocean Energy Management (BOEM) has executed a wind energy research lease with the Commonwealth of Virginia’s Department of Mines, Minerals and Energy (DMME), BOEM announced today.


ABS Updates Guidance on LNG Bunkering

Image courtesy of Harvey Gulf

  ABS has updated its guidance on LNG Bunkering in North America to support the transport sector's increasingly rapid transition to the use of cleaner fuels. The second edition of ABS' Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America was released today


World Ocean Council Welcomes Damen

WOC Logo.jpg

Damen Shipyards Group  has become the latest member of the World Ocean Council (WOC). Damen is the first European shipbuilder to join the WOC, the international business leadership alliance on ocean sustainability, science and stewardship.


Resilience & the Maritime Industry

Dennis L. Bryan

Resilience is defined generally as the ability to recover quickly from setbacks.  Setbacks are inevitable.  Individuals and entities are best judged by their resilience – their ability to get back on track after experiencing a reversal. 


Salvage, Wreck Removal Beset with Chronic Problems

  The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever






 
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