Braemar Seascope said it is strengthening its ship broking activities by opening a new division within the group’s Houston offices focusing on the large crude and products tanker trades. The new operation will launch following the employment of four tanker brokers: Nelson Hebert, Clint DeAtley, Chip Kelman and John Anderson have all come across town to the Braemar office. They will be joined by ex-MJLF broker and past Tanker Pacific chartering executive, Lynne Rutherford.
Moore Stephens says that current trends in the UK insurance industry point towards further consolidation and convergence in the underwriting and broking sectors over the next twelve months. In the latest issue of the Moore Stephens’ newsletter Insured Interest, Simon Gallagher, head of the firm’s Insurance Industry Group, says, “Consolidation has been a feature of the insurance industry for some years now, but there may be still some way to go
The Joint Hull Committee's (JHC) project to produce a new set of hull insurance clauses which is intended to reflect the needs and requirements of today's shipowners and insurers has been completed on time. The new clauses, which have been drafted following extensive consultation with shipowners and other interested parties, will be available for use from November 1 and will be known as the International Hull Clauses.
International shipbroker and shipping consultant Galbraith's Ltd has appointed three new directors with effect from January 1, 2005 - Bjorn Andersen, Peter Bartleet, and Richard Harmsworth. Bjorn Andersen is a Norwegian national, 35 years of age, who started his shipping career in New York before moving to Galbraith's in 1999. He focuses on the crude oil sector and in particular on VLCC and Suezmax trades. Bjorn,
Tanker owner-operator AET welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the Imabari Shipyard at Koyo Dockyard in Japan. Eagle Turin, which will fly the Singapore flag, becomes the 49th aframax vessel operated by AET and brings the company’s total fleet of tankers to more than 70. Guests of honour at today’s naming ceremony were Andy Viens, General Manager Global Marine for AET customer ConocoPhillips
Stelvio has reacted to demands from the shipbroking sector for faster and more accurate vessel positioning and cargo order data by developing software which it claims will cut the workload by half. ShipDecision from Stelvio is designed to eliminate the need for brokers to search manually through the thousands of incoming daily emails. The Vessel Position feature of the system examines each incoming message and automatically extracts the critical vessel
State-owned China Shipping Group has joined forces with France-based CMA CGM to bid for Canadian Pacific Ships (CP Ships), a move, experts say, which will greatly enhance the Chinese shipping giant's global network, as reported by Asia Pulse. A department official at Shanghai-based China Shipping yesterday confirmed the information, but declined to be named and offered no further comment. A division leader surnamed Zhang at CMA CGM Shanghai refused to disclose detailed information about the
Diana Shipping on Tuesday filed to sell 12.375 million shares at $15-$17 each in a bid to raise up to $210 million in its initial public offering. It's the latest in a series of shipping companies to float shares in the U.S. market. Based in the Marshall Islands and Athens, Greece, Diana Shipping is going public via underwriter Bear Stearns. The operator of dry ships that transport iron ore, grain and coal plans to trade on the New York Stock Exchange under the symbol DSX.
The Liberian Registry has launched a unique Internet-based vessel inspection application based on technology developed by the Wallem Group. The Internet-based inspection application will allow inspectors to compile inspection reports during annual safety inspections and will create a historical database of the vessel's condition. This secure database will be confidential to the registry and the relevant shipowner. Owners will however be offered the option of providing the vessel's condition
The International Transport Intermediaries Club (ITIC) said the fall in the shipping markets has created a number of difficult issues for ship valuers, with brokers in some cases even declining to provide valuations. ITIC’s Andrew Jamieson said, “It is inevitable that some principals will simply be disappointed by the broker’s view of what the ship is likely to obtain in the current market. But brokers have also been challenged as to whether it is really possible to assess
Diana Shipping Inc. signs up to buy the 'M/V Tamou', a 2005 built Capesize dry bulk carrier of 177,243 dwt. The purchase price is US$27,020,202, less one percent address commission to the buyers. The vessel, to be renamed "Baltimore
Braemar Seascope will add to its shipbroking division by opening a new tanker chartering office in Oslo. Following the recent establishment of a deep sea tanker chartering desk in Houston, the new Oslo office will focus on the specialized tanker sector forming part of Braemar’s existing
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, appointed Rob Atkinson as Vice CEO for the group and Jesper Rasmussen as Managing Director for its North American operations. Rob Atkinson has held a senior position in the company
Braemar Shipping Services plc., an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced its full year results for the year ending February 28, 2013. Financial Highlights
Tanker owners continue to be deeply concerned that the current tanker market is seriously jeopardizing the sustainability of the tanker industry. Speaking recently to Intertanko’s Council in London, the Secretary General of the International Maritime Organization (IMO), Koji Sekimizu
Shipping software company AXSMarine has announced the release of AXSTanker 3.1, an enhanced version of its AXSTanker product. New options will enable Tanker brokers to access AIS and Fixtures information. AXSTanker 3.1 is optimized to produce a great user experience
IMO inform that regulations to improve the energy efficiency of international shipping entered into force 1, January 2013. The EEDI is a non-prescriptive, performance-based mechanism that leaves the choice of technologies to use in a specific ship design to the industry
Growth in specialist ship management services leads HK-based Wallem Group to open its first ship management & broking operation in Singapore. The move into Singapore comes six months after Wallem formed a ship management joint venture with mainland shipowner Nanjing Tanker in Singapore
The UK Club has launched its “iPANDI” iPad based app to provide up to date underwriting information for members and their insurance brokers, even when on the move. The iPANDI app downloads underwriting data via the Club’s IT systems and presents it conveniently in both graphic
ITF carried out 67 ship inspections in one week in Thailand, Singapore, Indonesia & Philippines. Uncover a 'ghost ship'. The inspections led notices of warning being issued to errant companies and concerning unpaid wage claims. Described by ITF as a 'ghost ship'
The UK P&I Club (the UK Club) announces that it has attracted over three million gross tons of new tonnage, following the closure of the renewal season on Wednesday, 20 February, 2013. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons
The UK P&I Club (the UK Club) has attracted over three million gross tons of new tonnage, following the closure of the renewal season. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons. This represents net growth over the past year of 7
KPI Bridge Oil has appointed Mr. Araki Takanobu as Senior Bunker Trader at its Singapore office. Araki Takanobu has more than 13 years experience in various bunker- and cargo trading roles and has previously been working in Japan, Korea and Singapore
China Shipping Development Co. to order six liquefied natural gas (LNG) to tap the nation’s rising demand for cleaner fuel. The addition of the tankers comes as the world’s largest energy consumer plans to more than double natural gas consumption to cut its dependence on coal and oil
Ports of Stockholm claims first in the world to provide infrastructure for liquefied natural gas (LNG) fuel for large passenger ferries. A successful collaboration involving AGA, Viking Line, Ports of Stockholm and the appropriate government agencies has made an infrastructure for bunkering