The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) approved the text of the draft ship recycling convention for adoption at a conference in 2009, when it met for its 58th session at IMOs London headquarters. The MEPC conducted an article-by-article and regulation-by-regulation review of the draft new convention providing globally applicable regulations for ship recycling and for recycling activities. The text will now be circulated for consideration and adoption by a diplomatic conference to be held in , from 11 to 15 May 2009. The new convention will provide regulations for the design, construction, operation and preparation of ships so as to facilitate safe and environmentally sound recycling, without compromising the safety and operational efficiency of ships; the operation of ship recycling facilities in a safe and environmentally sound manner; and the establishment of an appropriate enforcement mechanism for ship recycling, incorporating certification and reporting requirements. Ships to be sent for recycling will be required to carry an inventory of hazardous materials, specific to each ship, while an appendix to the convention will provide a list of hazardous materials whose installation or use in ships is prohibited or restricted in shipyards, ship repair yards, and ships of parties to the future convention
Recent orders of classification services for six liquefied natural gas (LNG) ships have resulted in a milestone for Lloyd’s Register: more than 100 LNG ships now exist or are being built to Lloyd’s Register class, which is significant because the new ships (two for Teekay Shipping and four for BP Shipping at Hyundai Heavy Industries) will feature dual-fuel engines, a recent innovation in LNG ship propulsion. Lloyd’s Register currently classes 37% of the LNG fleet worldwide with a total of
Royal Caribbean orders another Sunshine class cruise ship Royal Caribbean has opted to exercise an option to build a second Sunshine-class cruise ship, to be delivered in Spring 2015. Royal Caribbean's decision to build the second of the yet-to-be-seen class of ships feel confidence in the project. The ship will be built by German shipbuilder Meyer Werft on substantially the same terms as its first Sunshine ship.
Shipowners and managers will gather in Singapore next week to examine the strengths of their relationship and consider the state of the global shipping industry during the first International Shipowning and Shipmanagement Summit. Taking place at the Singapore headquarters of international communications specialist Singtel on October 14, the Summit features thought-provoking presentations from industry leaders representing both the ship owning and ship management sectors.
China's biggest shipping line China Ocean Shipping Corporation (Coscocs) has revealed an ambitious plan to increase its container shipping capacity to hit a 2 million TEUs over the next three years, says China Daily. The company is raising the operational capacity in an effort to seize a larger slice of the cake, known as the East-West and South-North routes. Wan Min, general manager of China COSCO Shipping
Mitsubishi Heavy Industries, Ltd. (MHI) has received consecutive orders for large size container ships from the Evergreen Group of Taiwan, one of the leading container transportation operators in the world. Since 1992, MHI has received orders for 38 container ships from Evergreen without a break, of which 32 ships have either been built, or are to be built at MHI’s Kobe Shipyard and Machinery Works, and six at Nagasaki Shipyard and Machinery Works
The dry bulk shipowner Thoresen Shipping rolled out new subsidiary Thoresen Shipping Arabia as part of its expansion plan to the Middle East With a new office in Dubai for Thoresen Shipping Arabia DMCC, the dry bulk shipping company Thoresen Shipping announced its explansion to the Middle East. The office will be led by Baard Osland, a dry bulk shipping industry veteran. A press statement from Ian Claxton, managing director
As part of a Group re-organisation, V.Ships, the world's largest provider of ship management and related marine services, has appointed Richard Hext as Chief Executive Officer of the Groups' Marine Services Division. The move follows a restructuring of the Group into two operating divisions; Ship Management and Marine Services. The newly formed Marine Services Division will oversee all activities of the Group other than ship management, including commercial management, ship agency, consulting
The 2011 cruise shipping season in Kiel ended today with a visit by the “AIDAcara”. The port was visited 120 times this year by nineteen different ocean-going luxury liners. Some 375,000 cruise ship passengers embarked or disembarked in the port. Compared to last year, this is another 10% increase. Dr Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co. KG) said “we are looking at a successful season
German shipping company Thomas Schulte is implementing the requirements of the Hong Kong Convention on Ship Recycling well in advance. Germanischer Lloyd (GL) has been contracted to issue certificates for the fleet of 33 existing and 18 new container vessels according to the new IMO Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention). The Hong Kong Convention adopted at a Diplomatic Conference in Hong Kong (May 2009)
MidEast, West Africa rates hit 11-month low. Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next week amid a seasonal slowdown exacerbated by strong vessel supply, shipping executives said.
Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters.
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global
BMT Surveys (BMT), a subsidiary of BMT Group, the international maritime design, engineering and risk management consultancy, has been engaged by Friend of the Sea to investigate whether specialized reefer vessels comply with the broad set of requirements to qualify for certification.
The cloud is for “device-agnostic young slashers,” said Trond Bjorseth, marketing manager, of Oslo-based cloud consultancy, Tieto. His company offers an information management tool for subsea projects and “repositories” for the shipping sector’s operations
1861 - During the Civil War, the frigate, USS St. Lawrence, spots a schooner flying English colors and gave chase. Some four hours later, as she is overhauling the schooner, the fleeing vessel runs up the Confederate flag and fires three shots. Firing with her forecastle battery, St
Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1, the first such export of the light natural gas liquid from the U.S. Gulf Coast.
Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced. Brown will take up the post from November 2, 2016, replacing Philippe Boisson, who will retire after more than 25 years in the role
Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady as ship owners resist charterers' attempts to push rates lower amid a dearth of cargo
International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage. Corporate governance in shipping has been in sharp focus recently
Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier. The shipping company posted revenue of $8 million in the period. Net loss for the six months ended June 30
Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU) with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm.
In the next few years, demand for bandwidth on the high seas will grow, in no small part due to technology that is making operations more efficient and keeping crews and passengers healthy, happy and connected. Just a few years ago, a cruise-going family might have brought a single laptop computer
The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016. This briefing examines the risk management impact of this expansion on the maritime industry.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels