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Ship Broking

Braemar Opens Crude and Products Ship Broking Operation

Denis Petropoulos

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: Further Consolidation for Insurance Industry

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


JHC Launches International Hull Clauses

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.


Galbraith's appoints three new directors

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,


Eagle Turin Delivered to AET

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


New Tech Saves Time for Shipbrokers

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


Cruise Ship Design: Propulsion Choices, Space Optimization Key To Ship Profitability

Technical development in ships has been tremendous during the past 10 years. New technology has been introduced faster than ever before in the shipbuilding history. The new stricter rules have been the generator for many new solutions, but especially the total economical, conceptual approach has made it possible to introduce new systems, equipment and arrangements into a typically conservative market. Investments are considered on basis of lifetime cycle costs


Diana Shipping joins IPO Shipping Fleet

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.


Liberian Registry Launches Internet-Based Inspection

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


Ship Valuation, Brokers Under Pressure

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


Syrian Chemical Arsenal Due for Italian Port Ship-to-Ship Transfer

MV Cape Ray: File picture

The transfer of some 500 tons of Syria's chemical agents to the US special purpose vessel 'MV Cape Ray' will take place in the port of Gioia Tauro, reports Xinhua, citing a hearing before the Italian parliamentary commissions of foreign affairs and defence.


Houston Ship Channel Collision: Tank Barge & Cargo Ship

Hull damage: Photo credit USCG

The cause of a collision between the cargo ship 'Genius Star VII' and a barge loaded with 840,000 gallons of #6 fuel oil in the Houston Ship Channel is being investigated by the US Coast Guard. Watchstanders with Coast Guard Marine Safety Unit Texas City received a report at approximately 8:30 p.m


Ship, Kirby Tug/Barge Collide in Houston Ship Channel

A barge loaded with marine fuel oil sits partially submerged in the Houston Ship Channel, March 22, 2014.

The Coast Guard along with state and local partners are responding to a collision near Texas City, in the Houston Ship Channel, Saturday, March 22, 2014. At approximately 12:35 p.m., watch standers at Coast Guard Sector Houston/Galveston received a call from the captain of the 585-ft


Mobile Ship Channel Reopens Following Ship Grounding

The container ship MSC Kyoto heaves-to aground outside the Mobile Ship Channel, April 7, 2014. The MSC Kyoto reportedly experienced a steering failure. (USCG photo)

The U.S. Coast Guard (USCG) reopened the Mobile Ship Channel to all deep-draft commercial vessel traffic at approximately 5 p.m. Monday. The USCG restricted vessel traffic at about 3 a.m. Monday, after the container vessel MSC KYOTO grounded outside the channel.


International Shipping Week Launched in London

Norman Baker

London’s crucial central role in the global shipping industry was highlighted when members of the international maritime community and representatives of the U.K. Government gathered to officially launch the first ever London International Shipping Week (LISW) last night.


Clarksons PLC Maintain Profits in H1 2013

Clarkson PLC (Clarksons) a leading worldwide shipping services group, releases its unaudited interim results for the 6 months ended 30, June 2013. Summary     •    Robust performance delivered in challenging markets


Markel Appoints Managing Director in Singapore

Matt Cannock

Markel International, a specialist insurer with a worldwide product portfolio, appointed Matthew Cannock as Managing Director of Markel International in Singapore. The Monetary Authority of Singapore has approved his appointment as Managing Director and as Principal Officer.


Alion Ramp Makes for Safer Ship-to-Ship Transfers

Alion Transfer At Sea Live Test EH WEB.jpg

The ability to readily transport personnel and equipment from one ship to another is vital to the success of many U.S. Navy operations, particularly when it comes to seabasing. But tumultuous waters and weather conditions can make the transfer process extremely difficult


AAIB Granted License to Operate in Somalia

William Wakeham

Regional insurance brokerage and risk management company AAIB first to be granted license to operate in Somalia as economic opportunities drive demand. Regional specialist in broking, risk management and consultancy Anglo Arab Insurance Brokers (AAIB), has broadened its footprint


Braemar Adjusting Makes Several New Appointments

From left: Ian McInroy, Jeremy Palmer and Vincent Marrot

Braemar Adjusting continues its global expansion with the addition of one director in London, two directors in Houston and an energy adjuster in Singapore. Ian McInroy re-joins Braemar’s London office as a Director in October 2013 from a leading international insurance broking and


Clarksons' Report Buoyant Financial Progress

Shipping services group Clarksons has released its Interim Management Statement published in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1, July 2013 to 6, November 2013. Excerpts as follows: Trading


American Club Strengthens Management

Michael Hansen

The American P&I Club is reorganizing its underwriting and business development functions into a regionalized structure comprising the Americas, EMEA (Europe, Middle East, Africa), South and Southeast Asia, and Greater China and North Asia.


USCG Extend Ship-to-Ship Oil Transfer Comment Period

The US Coast Guard (USCG) inform it has extended the comment period related to proposed new measures to reduce the risks of oil spills in oil transfer operations from or to a tank vessel. The original deadline for feedback to be submitted to the online docket via http://www.regulations


V.Ships to Take Over OSG's International Shipping

Overseas Boston

Overseas Shipholding Group, Inc. (OSG) today announced that it intends to outsource the technical management of its international flag shipping business to V.Ships, a third-party ship manager. The outsourcing contract with V.Ships is subject to the approval of the bankruptcy court


Hong Kong Plans to Add High-Value Maritime Services

Image credit HK PDC

In his annual policy address to the Hong Kong SAR Legislative Council, Chief Executive C Y Leung pledged that the Government would continue to improve port facilities and enhance the efficiency of port operations, thereby seizing the opportunities brought by the growth of trade in the


 
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