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Issues Statement

ClassNK Certifies More Indian Ship Recyclers

Classification society ClassNK has issued Statements of Compliance (SoC) to two ship recycling facilities in Gujarat, India, Shree Ram Vessel Scrap Pvt. Ltd and Leela Ship Recycling Pvt. Ltd, verifying that the facilities are in line with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (HKC).   Although the HKC has yet to enter into force, Shree Ram and Leela have both carried out substantial improvements to their facilities in a bid toward safer and greener ship recycling as well as developed the Ship Recycling Facility Plans (SRFPs) required for a competent authority’s certification according to the HKC, according to the class society.   ClassNK reviewed the SRFPs prepared by Shree Ram and Leela, which comply with requirements of the HKC, and confirmed that their ship recycling processes follow their respective SRFPs in addition to conducting on-site inspections before issuing the SoC.   The SoC are issued based on purely technical verifications of the facilities by ClassNK, which has so far done the same for ship recycling facilities around the world.


China Slams G7 on Maritime Disputes

Photo: Council on Foreign Relations

 China reacted with anger Tuesday after the Group of Seven foreign ministers released a statement a day earlier voicing strong opposition to “unilateral actions” in the East and South China seas.   "China is strongly dissatisfied with relevant moves taken by G-7," Chinese Foreign Ministry spokesman Lu Kang said.   His statement added: “We urge the Group of Seven member states to honor their commitment of not taking sides on issues involving


Marad Responds to Labor Critics

U.S. Maritime Administrator David Matsuda

The U.S. Maritime Administration issued a Report Comparing U.S. and Foreign-Flag Operating Costs. The U.S. maritime labor union(s) responded with pointed criticism. Marad issues its own statement in reponse.   Text of Marad Chief Matsuda's Prepared Statement: “The U.S. Maritime Administration’s top priority is to promote the growth and sustainability of America’s maritime industry. The first-of-its-kind ‘Comparison of U.S


Recently Acquired Dockwise Did Well in 2012

Dockwise publish audited annual accounts for 2012, having earlier published an unaudited version. The unaudited 2012 results were first disclosed as part of the publication by Dockwise of the Q4 2012 results on 13 February 2013. Performance highlights: Revenues USD 539 million Adjusted EBITDA USD 181 million Adjusted Net Profit USD 40 million Fleet Utilization 74% As indicated in the position statement of Dockwise regarding the mandatory cash offer by Boskalis for


Two Indian Shipbreakers Deemed HKC Compliant

Photo: Priya Blue Industries

ClassNK issues Hong Kong Convention Statements of Compliance to two ship recycling facilities in India    Two ship recycling facilities in Gujarat, India, R. L. Kalthia Ship Breaking Pvt. Ltd. and Priya Blue Industries Pvt. Ltd., have received Statements of Compliance (SoC) from classification society ClassNK verifying that the facilities are in line with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (HKC).  


U.S: No ASEAN South China Sea Consensus is Telling

The inability of a forum of Southeast Asian defence ministers to agree on a joint statement at the end of a forum on Wednesday reflects their concern about China's activity in the South China Sea, U.S. Defense Secretary Ash Carter said. "It was clearly an issue of discussion and an issue of concern by countries in the meeting, because everybody raised it," Carter told a news conference. The Association of South East Asian Nations held its defence ministers meet this week


Hornbeck Offshore Files Shelf Registration Statements

Hornbeck Offshore Services, Inc. has filed a universal shelf registration statement on Form S-3 and an acquisition shelf registration statement on Form S-4 with the Securities and Exchange Commission. Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will enable the Company to sell from time to time, in one or more public offerings, up to $350 million of its common stock, preferred stock, debt securities or warrants to purchase common stock


USACE Issue Impact Statement on Ecosystem Restoration Project

The US Army Corps of Engineers issued a notice stating that the draft integrated feasibility report and environmental impact statement for the Mid-Chesapeake Bay Island Ecosystem Restoration Project is available for consideration. Public meetings will be held in Cambridge (October 11) and Taylors Island, Maryland (October 12). Written comments should be submitted by October 23. 71 Fed. Reg. 53090


FMC's William P. Doyle Issues Statement on EL FARO Tragedy

FMC Commissioner William P. Doyle

On Thursday evening, October 1, 2016, the ship EL FARO went missing. The ship was en route from Jacksonville, Florida to San Juan, Puerto Rico. On Monday, four days after the ship vanished, the Coast Guard concluded it sank near the Bahamas in about 15,000 feet of water. One unidentified body in a survival suit was spotted, and the search continued until today for the other 32 crew members.   Commissioner Doyle, a 1992 Massachusetts Maritime Academy graduate


MARAD’s Jaenichen Issues Statement on El Faro

Paul Jaenichen (Photo: MARAD)

U.S. Maritime Administrator Paul Jaenichen has issued a statement following the U.S. Coast Guard’s announcement that it will suspend the search for survivors from the missing cargo ship El Faro.   “All of us at the Department of Transportation and the Maritime Administration mourn for the loss of all those on board the U.S. container ship, El Faro. We express our deepest condolences to their family, friends and co-workers in the maritime industry. U.S


Wärtsilä Offloads its WinGD Stake to CSSC

5X72DF engine cut-out view. (Photo: Winterthur Gas & Diesel Ltd. (WinGD))

In a prepared statement China State Shipbuilding Corporation (CSSC) and Wärtsilä announced that Wärtsilä transferred its 30% shareholding in Winterthur Gas & Diesel Ltd. (WinGD), headquartered in Winterthur, Switzerland, to CSSC


Philippines, Malaysia, Indonesia Mull Joint Maritime Patrols

The Philippine Navy Turn-over Ceremonies at the PNP Headquarters, Naval Station. Photo: Philippine government

 Indonesia, Malaysia, and the Philippines have agreed to conduct coordinated maritime patrols as part of a broader plan to tackle rising security challenges in the waters bordering the three countries, report local media.   This plan was sent in a joint statement following the


Vittoria Shipyard Partners with Peru

Terminal Callao (Photo: APM Terminals)

Vittoria Shipyard has extended its horizons to the South American market; the Adria-based firm – an Italian builder of military, paramilitary, commercial, transport and working ships – has signed an agreement to work with SIMA Perú, a publicly-owned company that plans


Lenders Deny BHP Port Debt on Coal Worries

Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify


Chinese Navy Ship Irks Japan

Map: Chinese Defence Ministry, Yonap, EIA, BBC

 Japan has lodged a protest with the Chinese ambassador in Tokyo, after a Chinese ship sailed close to contested islands in the East China Sea.   Chinese navy has made an unprecedented entry into waters around the disputed Senkaku Islands, called Diaoyu in China.  


Seoul's Effort to Calm Shipping Sector Storm

Photo: Hyundai Heavy Industries

 South Korea will pump $9.5bn (11 trillion won) into state-run policy lenders reeling from huge losses on loans made to the beleaguered shipbuilding and shipping sectors to help them deal with further corporate distress, says FT.  


Gas Leak on INS Vikramaditya Kills 2 on Board

INS Vikramaditya. Photo: Indian Navy

 Two people, including a sailor, were killed and two others injured after inhaling toxic fumes on board India's aircraft carrier INS Vikramaditya at Karwar Naval base in Karnataka.    The condition of two others injured was stable and constantly being monitored in the Naval


USS Mississippi Enters Korean Port

The USS Mississippi. Photo: U.S. Navy

 The US Navy’s USS Mississippi nuclear-powered submarine has arrived in South Korea as part of its maiden voyage to the Indo-Asia-Pacific region, says US military statement.   With a crew of approximately 141 Sailors, Mississippi will conduct a multitude of missions while


CGT Union Calls for French Port Strike

France's CGT union is calling for a nationwide port strike on June 23 and June 28 as part of ongoing protests against the government's labour reform bill, the union said in a statement on Wednesday.   Port workers have participated in rolling nationwide strikes in recent weeks


IRISL launches Direct Container Service from Incheon to M.E.

Courtesy IRISL

THE Incheon Port Authority said a regular container service connecting the port directly to the Middle East has been launched for the first time, backed by the Islamic Republic of Iran Shipping Lines (IRISL). According to MANA,The Iranian state-run IRISL will deploy its 5


USMMA Stops Sea Training: UPDATED

U.S. Maritime Administrator Paul Chip Jaenichen

As posted on the Kings Point Alumni Web Site:   Announcement from the Academy While the Department of Transportation (DOT), the Maritime Administration (MARAD), and the United States Merchant Marine Academy (USMMA) have made consistent efforts to address sexual assault and sexual


Star Bulk Sets Terms on Reverse Stock Split

Pics: Star Bulk Carriers Corp

 Athens-based Star Bulk Carriers Corp has determined to effect a 1-for-5 reverse stock split of the Company's common shares.    The Company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and proceed with the


Indonesian Navy fires on Chinese boat, injures fisherman

An Indonesian naval vessel fired on a Chinese fishing boat on Friday, injuring one person, China's foreign ministry said, the countries' third reported confrontation this year near a chain of islands as regional tensions mount in the South China Sea.


Industry Unprepared for New Container Weighing Rules, says IUMI

Pic: IUMI

 Helle Hammer, Managing Director Cefor & Chair of the International Union of Marine Insurance (IUMI) Political Forum discuss about Container Weighing Rules.   As of 1 July 2016, only containers with a verified gross mass will be allowed to be loaded on board a vessel (although IMO


Southeast Asian Nations Designate Safe Shipping Corridor

Indonesia, Malaysia and the Philippines on Monday agreed to designate a transit corridor for commercial vessels crossing a maritime zone hit by a spate of hijackings by Islamist militants in the southern Philippines. Nearly 20 Indonesian and Malaysian tugboat crew have been kidnapped by the Abu






 
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