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Global Entities Convene for Maritime Career Day

Maritime Careers Day - Flyer

The Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging. These will be ICOMIA - the International Council of Marine Industry Associations, SNAME - The Society of Naval Architects and Marine Engineers - based in Virginia, U.S. and the IMO International Maritime Law Institute. The objective of the Malta Maritime Careers Day is to bring together professionals, educators and leading industry players to discuss and encourage the improvement in academic and practical training for the common benefit of interested students, the industry in general and Malta’s economic sustainability. Another primary aim of the event is to increase visibility among students and parents of the career opportunities in this industry. The Malta Maritime Careers Day, to be held at the Grand Hotel Excelsior on September 4, is being hosted by Wilfred Sultana & Associates (WSA) publishers of Yachting in Malta. The organizers will be also involving various panelists from the local and the international maritime arena to discuss and debate the various topics on the agenda. The event is presented under the Distinguished Patronage of the Hon. Joe Mizzi, Minister for Transport and Infrastructure and of the Hon. Evarist Bartolo, Minister for Education and Employment. Both Ministers will be addressing the ‘Day’.


Platinum SuperYachts Enters with Shipbuilder

Platinum SuperYachts Inc. announces the formation of a strategic alliance with Custom Marine International Inc. (CMI Yacht), a U.S. based corporation. CMI is strategic to Platinum's business plan because of its unprecedented joint venture with China Shipbuilding Industries (CSI) for constructing state-of-the-art, large steel, aluminum, and fiberglass yachts at CSI's facilities in the Peoples Republic of China. The CSI shipyard boasts state-of-the-art facilities complete with leading


ISA Establishes U.S. Office

Edward R. Sacks

Edward R. Sacks Named as President of North American Operations     On 10 May 2013, International Shipyards Ancona (ISA) announced the grand opening of its North American operations with an office at the Portside Yachting Center on at the 17th Street Causeway in Fort Lauderdale. It was auspicious timing for ISA as the day marked its 12th anniversary. ISA President of Sales and Marketing, Marcello Maggi


Fraser Yachts' 5th Sale in 10 days

Columbus Classic 65M

Fraser Yachts announced this morning its fifth yacht sale in just ten days. Whilst the summer period is traditionally a quieter time for yacht sales 2014 seems determined to continue the positive path it set out on at the beginning of the year. Last week the 26m ELENA B from Cantieri di Pisa was sold by Oscar Romano, quickly followed by the 35m Benetti PARADIGM sold by Michael Selter in San Diego, the 44m CRESCENT 144 currently under construction at Crescent Yachts in Canada which was sold


US Obamacare Impacts the Global Marine Industry

The Affordable Care Act (ACA), otherwise known as Obamacare, the recent healthcare plan in the United States, is affecting the international superyacht industry, according to yacht insurance expert Eva Maria Karlsson of Superyacht Insurance Group (SYIG). Maria, who is president/broker at SYIG, said, “The biggest challenge presently is Obamacare. Interestingly enough, it’s actually affecting the international marine industry


RINA New Environmental & Security Standards

Genova-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its Technical Committee it approved a series of new standards aimed at improving security standards for yachts. The new notation HVSC - High Voltage Shore Connection - sets standards to design into a newbuilding or modify an existing ship so that electricity can be supplied from


Damen-built GARÇON Wins Innovation Award

GARÇON (Photo: Damen)

The 67m Fast Yacht Support vessel, GARÇON, built by Damen, has won the ISS Awards of Distinction for Innovation at the International Superyacht Society Awards Gala in Fort Lauderdale. GARÇON came out top of an industry-led voting process that assessed five shortlisted entries in the competitive and broad-ranging Innovation category. According to the International Superyacht Society: “The Excellence in Innovation award is given to an individual or business that has


Transatlantic Panamax Rates Hit Six-Week Lows

Panamaxes for transatlantic round voyages fell to six-week lows on Wednesday as trade was limited by a series of European holidays in the month of May, brokers said. "It's not looking good, every region is down. To say it's a disaster for owners would not be an understatement," a broker said. Transatlantic round voyage returns are edging closer to the $11,000-a-day mark. Brokers said that commodities trading house Cargill booked a 1997-built panamax at $11,500 a day


Asia Tankers-VLCC Rates Fall on Reduced Demand

MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers (VLCCs) may drift lower next week on weaker sentiment among owners and reduced chartering demand ahead of the release of May's Middle East loading programme, brokers said on Friday. Rates plunged this week from a two-week high hit on April 1 on slower chartering activity that is expected to extend into next week.


Asia Tankers-VLCC Rates Face Pressure

Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under further pressure next week if the current sluggish chartering activity continues, ship brokers said on Friday. Charter rates from the Middle East to Japan fell about 9 points on the Worldscale measure this week as an expected raft of fixtures for loading in Basra and Saudi Arabia failed to materialise, brokers said.


This Day In Naval History: June 27

1861 - While commanding a gunboat flotilla, Cmdr. James Harmon Ward is mortally wounded by a musket ball while aiming the bow gun of his flagship, USS Thomas Freeborn at Mathias Point, Va. Ward is the first US Naval officer casualty of the Civil War.   


Asia Tankers-VLCC Rates to Climb Slowly

File image: a so-called SuezMax oil tanker (Suez Canal Authority)

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers (VLCCs) are set to nudge higher next week after moving above nine-month lows on increased charters this week, ship brokers said on Friday


Asia Dry Bulk-Capesize Rates Could Rise in Short Term

File Image: a so-called ValeMax bulk carrier, commonly used in th Brazil-Asian trades (credit: Vale)

Shipowners seeking $10 per tonne from Brazil-China; dry cargo demand to remain subdued this year. Freight rates for large capesize dry cargo ships on key Asian routes may firm up next week on increased chartering activity, tighter tonnage supply and possible port disruption caused by bad


Shetland Race Yachts Due at Lerwick

Yachting - Lerwick  Courtesy Lerwick Port

The annual Shetland Race from Bergen will be at Lerwick from Thursday 23 to Saturday 25 June. 2016 marks the 30th annual race which started in 1987 – that first year with only one competitor actually making the trip but it still ranked as a qualifying race


New Cargo Ship MV Frijsenborg Calls Port Everglades

Welcoming Frijsenborg Master Francesco Rafanelli to Port Everglades are, from left: John Mullins of Portus, and from Port Everglades: Deputy Port Director Glenn Wiltshire, Business Development Manager Robert Barcel ó, Chief Executive Steve Cernak and Assistant Director of Business Development Jean Elie. (Photo: Port Everglades)

Broward County's Port Everglades today welcomed Nordana's newly built cargo ship MV Frijsenborg on the vessel's maiden call to South Florida. Port Everglades Chief Executive & Port Director Steve Cernak and Deputy Port Director Glenn Wiltshire presented a traditional plaque and port challenge


Asia Dry Bulk, Capesize Rates Set to Diverge

File Image: a so-called ValeMax bulk vessel, commonly used to move bulk from Brazil to Asian markets (Vale)

Rates from Australia to fall, Brazil rates to nudge higher. Freight rates for large capesize dry cargo ships on key Asian routes could diverge next week with rates from Australia to China trending lower on weaker sentiment while prices from Brazil to China could rise on tight vessel supply


Merchant Ship Rescues Yachties near NZ

Southern Lily. Photo by Ministry of Defence, New Zealand

 The container ship Southern Lily  sailing around 500km north of New Zealand were able to save two men and a womanfrom the battered yacht Platino.   Five crew members were sailing the multi-million dollar yacht Platino from Auckland to Fiji on Monday when foul weather tore down


Containership Joins Rescue Effort

A containership is rerouting to assist three people aboard the battered yacht, Platino, 550 kilometers north of New Zealand, after a crewman was lost overboard and another died when hit by rigging yesterday morning.   An RNZAF P3 Orion is already out searching again this morning for the man


Skytech's BB75 Ka-band Antenna Ready for THOR 7 Services

Telenor Satellite announced that is has approved the BB75 Ka-band antenna, produced by telecommunications company, Skytech, for use with Telenor’s new THOR 7 Ka-band payload.  Skytech is the latest antenna supplier to receive approval from Telenor Satellite for its recently launched


Team Oracle, Airbus Team up to Build Flying Yacht

Oracle Team USA  has won the last two America’s Cup competitions. Photo: Airbus S.A.S

 European planemaker Airbus Group SE has forged a technology partnership with Oracle Team USA as this championship sailing squad prepares to defend its title in the 2017 competition for America’s Cup – which is the oldest international sporting trophy of the modern era (born in


Asia Tankers-VLCC Rates Strengthen on June Charters

30-40 Mid-East VLCC cargoes still to be contracted for June; Posidonia shipping event next week in Greece may dampen activity. Freight rates for very large crude carriers (VLCCs) could rise next week as charterers complete their June loading programme


Nine Rescued from Yacht Fire near Shetland

Photo: Maritime and Coastguard Agency

 A skipper and his crew have been rescued from a life raft after their yacht - The Miracle - caught fire off the coast of Shetland, Scotland.    According to a BBC report, nine people have been rescued after a yacht caught fire off Shetland


Asia Dry Bulk-Capesize Rates Firming on Cargo Volumes

File Image: a so-called ValeMax bulk vessel (Vale)

Tough measures needed to achieve profitability -BIMCO. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold around current levels or nudge slightly higher next week on buoyant cargo volumes, likely supported by a raft of off-market charters, ship brokers said


Diana Containerships Announces Reverse Stock Split

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that its Board of Directors has determined to effect a reverse stock split of the company’s common shares, par value $0


Dubai Eyes 1 Million Cruise Tourists

Mina Rashid. Photo by DP World

 Dubai plans to build a marina for luxury yachts in response to high demand as the emirate is targeting one million cruise passengers per year by 2020, said Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation.  






 
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