Owners, insurers, say Dutch ships at risk in piracy waters ought to be allowed to employ armed private security guards Last year the number of cases of piracy off the coasts of East and West Africa doubled, with 800 crew members being taken hostage, NRC.informs 'Dutch News'. The Netherlands' government does not allow ship owners to hire armed guards but it does provide soldiers as protection. However, the two organisations say there are not enough of them to protect all the ships sailing in the area. Other countries, such as Cyprus and Malta, do allow their ships to employ armed guards and the organisations say this will lead to Dutch ships choosing to sail under foreign flags which would be detrimental to the government as ship owners pay their tax to the country under whose flag they sail. Piracy costs insurers and ship owners a great deal, in ransom money, repairs to ships and damaged goods. In the past two years, the global insurance sector paid out €300m in claims as a result of piracy, says the NRC.
Global Marketing Systems (GMS) cooperates with Germanischer Lloyd (GL) on green ship recycling. GMS, one of the world's biggest cash buyers, purchases vessels from ship owners before delivering them to ship recycling facilities. GL will help GMS to implement green ship recycling according to the Hong Kong Convention and independently proves to ship owners that GMS and the chosen recycling facility comply with the requirements
More and more ship owners turn to Becker Marine Systems for rudder conversions of vessels already in service. The easy installation of a new Becker Rudder System can dramatically improve manoeuvring performance and reduce fuel consumption. Becker Marine Systems’ After Sales Team has long been known for quality and flexibility when it comes to refurbishing Becker Rudders that have been in service for decades. In case of a general overhaul of a Becker Rudder
Gulf Harbor Shipping announces the opening of their New Orleans, La. office located in the World Trade Center, suite 2101, No.2 Canal Street, New Orleans, La., 70130. Founded by a former executive and manager of a major shipping agency company, Gulf Harbor will target charterers and ship owners needing customized representation on the lower Mississippi River and the U.S. Gulf Coast. Charterers and Ship owners responsible for sending ships to the lower River have special needs in
Resurgence Software, Inc. announced that London Ship Managers, Ltd. (LSM) has implemented its Wave Software System in a portion of its fleet. This agreement is a direct result of the Resurgence Software joint marketing alliance with Lloyd's Register, and marks LSM's continued commitment to improving operational efficiency and customer service through the strategic use of technology. "The adoption of our system by LSM demonstrates the continued acceptance of equipment reliability software
Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas
OW Bunker, a supplier and trader of marine fuel, issued a statement encouraging ship owners and operators to focus their energies on effectively planning for the new Emissions Control Regulation (ECA) regulations in 2015. Speaking on the ‘changes and challenges’ that the industry faces at the 5 International Istanbul Bunker Conference, Søren Christian Mayer, Global Sales Director, OW Bunker, said: “There are factions within the industry that continue to lobby the IMO
Raytheon Anschütz announced the establishment of the new subsidiary Raytheon Anschuetz Singapore Pte Ltd. With the new company, Raytheon Anschütz expands its sales and service activities in Southeast Asia. It started operation on March 1, 2009. “The new service center is an important step to secure best possible customer support in this region,” says Jan-Christoph Lötzsch, Managing Director of Raytheon Anschuetz Singapore
COSCO Singapore subsidiary COSCO Guandong to construct two Platform Supply Vessels (PSV's). The contract is with a European ship owner for the construction of two PX121 PSV's at a value of approximately US$54-million in total. Delivery of the two vessels is expected in the first quarter of 2015. Additionally, the ship owner has an option, to be exercised within six months, for construction of two more of the same type of PSV.
Greek ship-owners bought 72 ships within the first three months of 2013, invest US$848-million in their companies. While the Greek government continues to mull plans to tax the country’s shipping industry to raise money during a crushing economic crisis, Greek ship-owners bought 72 ships within the first three months of 2013 and invested $848 million in their companies, a $244 million increase and an additional 32 ships from the previous year, reports the 'Greek Reporter'.
By Jonathan Saul and Oleg Vukmanovic, Reuters Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. The liquefied natural gas (LNG) tanker market was until recently
The ICC International Maritime Bureau is asking ships to be extra vigilant when transiting West Africa as piracy in the region becomes a growing concern. Since the beginning of the year, one vessel, MT Kerala, has been hijacked and six were boarded in West Africa
A changing tax landscape doesn’t have to mean bad news – at least not just yet. A Changing Landscape Historically, bonus depreciation has had a significant effect on construction of new vessels, allowing businesses to initially expense 30 percent
By Peter Polack, Reuters Twenty-four Cubans were rescued from a rickety wooden boat by a passing cruise liner which took them to the Cayman Islands, ship owner Carnival Corp said, as growing numbers of migrants try to sail to Central America and eventually reach the United States.
The initial implementation of the United States Environmental Protection Agency’s (EPA) Vessel General Permit (VGP) is now theoretically astern of the marine industry, but unlike any other new regulatory effort, this one has numerous unintended consequences
Reuters – Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, according to a recent survey. Ship owners ordered large numbers of vessels between 2007 and 2009
The Federal Maritime and Hydrographic Agency of Germany (Bundesamt für Seeschifffahrt und Hydrographie- BSH) has granted type approval for the SeaCURE Ballast Water Management System. The SeaCURE system is now a product of Evoqua Water Technologies, formerly Siemens Water Technologies.
Fisher Maritime Consulting Group said project manager's professional development courses specifically developed for the marine industry are being presented again in several venues in 2014. To date, more than 4,000 persons from approximately 500 organizations in 24 countries have attended Fisher
The Nigerian Ship Owners Association, NSA, has informed that some of its members are currently grappling with huge financial indebtedness to some banks, which has been aggregated at over $3billion (N480bn) reports the country's National Mirror.
Greece-based container ship & drybulk ship owners and operators Euroseas have released its results for the three month period and full year ended December 31, 2013, with the following highlights: Full year 2013 Net loss of $103.4 million, or, $2
Parker Kittiwake, the global provider of asset control and protection technology, has announced a breakthrough in onboard cold corrosion testing with their new portable test kit. In less than five minutes per test, Parker Kittiwake’s Cold Corrosion Test Kit monitors specific levels of
Swedish shipping company Erik Thun A.B. has granted Shipyard Ferus Smit the order for building an LNG powered cargo vessel, with two more units on option. The first vessel will be delivered in autumn 2015 from the yard in Westerbroek, Groningen.
The Switch, a supplier of megawatt-class permanent magnet generators, motors and frequency converters, received an order from WE Tech Solutions Oy of Vaasa, Finland for four permanent magnet (PM) shaft generators. Coupled together with WE Tech’s WE Drive
Since January 2014, the marine lubricant specialist LUKOIL Marine Lubricants Ltd. offers bulk supply of lubricant main grades in Novorossiysk, Russia’s main port on the Black Sea. On January 15, 2014 the first large order of Navigo 70 MCL was successfully delivered by barge.
Regs4ships announced the launch of its 18th flag to Digital Maritime Regulations (DMR) product. From February 18, 2014 Regs4ships will be able to offer an Australian regulations product that contains all relevant flag state documentation along with digital copies of SOLAS, MARPOL and STCW