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
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
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.
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
CP Ships has taken the next step in its major fleet re-building program by signing a contract with China Shipbuilding Corporation of Taiwan for the construction of five geared 3,200 TEU containerships. They are designed to be employed in CP Ships' South American services. Delivery of the newbuildings will take place between mid-2002 and early 2003. The ships will measure 243 m long by 32.2 m wide, and will be equipped with 400 reefer plugs and operate at a service speed of 22.5 knots
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)
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. As long as the required energy-efficiency level is attained, ship designers and builders would be free to use the most cost-efficient solutions for the ship to comply with the regulations.
The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will continue until 2017 if a viable equilibrium is
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.
A cruise ship passenger suffering stroke symptoms was medevaced by U.S. Coast Guard personnel approximately 200 miles east of Wilmington, North Carolina. The Coast Guard received a call late Monday afternoon from the 959-foot, Panama-flagged cruise ship Carnival Pride
IACS member classification society the Korean Register (KR) informs it has overhauled its SeaTrust-HullScan software package, a ship design support solution that analyzes and appraises a vessel’s. According to KR, the update will deliver efficiencies when applying the incoming Harmonized
The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters. The growing vessel glut is battering sentiment in the shipping industry at a time when players
Taba, an Egyptian ferry, carrying passengers, cargo and trucks, sank in the Red Sea early on Sunday, according to state-owned news agency MENA. The 6,600-gt Taba (built 1985) had capsized because the trucks on board the ship were parked mainly on one side
China Merchants Energy Shipping (CMES), a Chinese international oil tanker operator, projects doubled profit in the first half of 2015 from a year ago. The Shanghai-listed Chinese ship-owner predicted on Friday that its net profits attributable to its shareholders would rise 110-130
MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project. A major cross-industry initiative led by MAN Diesel & Turbo, Wärtsilä, and Winterthur Gas & Diesel
AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings. Based on nominations from leading stakeholders within the voluntary carbon markets
Buoys stretched "as far as eye could see" - Philippine sailor. The Philippine navy recently found a large steel marker bearing Chinese inscriptions and hundreds of yellow buoys in waters near the Reed Bank, an area of the South China Sea where Manila has long explored for oil and gas
At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework Agreement on cooperation in the area of small scale LNG was signed by the two parties
Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday. Greeks have said No to austerity terms imposed by international creditors
GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards, reports Economic Times. Report says that the company is insisting foreign shipbuilders to build in
The Carnival Vista has completed its dry dock phase and was recently floated out to a new location at Italy's Fincantieri shipyard, Carnival Cruise Line has announced. Carnival Vista, currently under construction at the Fincantieri shipyard in Monfalcone, Italy
Shipments of limestone on the Great Lakes totaled 4,042,766 tons in June, an increase of 6 percent compared to May, and 9-plus percent compared to a year ago, according to figures reported by the Lake Carriers' Association (LCA). The June stone float is also the highest monthly total