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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

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

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

ITIC Urges Brokers to Call

Filing demurrage claims electronically could be costing shipbrokers significant sums of money, according to International Transport Intermediaries Club (ITIC). While e-mail may be quick, cheap and easy, brokers are being urged to ensure they have a system in place to confirm receipt of not only demurrage statements but all time sensitive documents. In the past, brokers have used courier services to send claim documentation

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

Delayed Evolution

While e-commerce continues to reshape international business, many industry insiders reason that maritime - as usual - will be slow to catch the wave. A frantic dash to set up tanker trading and information websites is being touted as the end of the traditional shipping marketplace, but insiders say there will be no overnight revolution. Two oil majors last week joined forces with the biggest shipbroker and leading agribusiness trading house to set up an online shipping exchange which

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 Eastbound Rates Fall

Photo: CMA CGM

 Transatlantic eastbound chemical freight rates dropped slightly this week on a continued lull in the spot market, ICIS reports  brokers as saying. It was the second drop in as many weeks.   The latest SSY Base Oil Shipping Report noted that eastbound rates “took a tumble

Volvo Ocean Race Partners with Yacht Racing Forum

Photo: Volvo Ocean Race

 The Volvo Ocean Race has agreed a three-year partnership with the Yacht Racing Forum.   "We are delighted to welcome the Volvo Ocean Race as a long-term partner,” said Bernard Schopfer, the event’s CEO.  

Yacht Adrift in the North Sea

A yacht has gone adrift in the North Sea after losing steering in difficult weather conditions, reports the U.K. Maritime and Coastguard Agency (MCA).   One man is believed to be aboard the yacht which was making its way from Lerwick to Norway when it encountered difficulties around 8:50 p.m

Icon Terminates Shipbuilding Contract

Image:  ICON Offshore Berhad

 Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS.    Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%

Transas’ iSailor for Android

AIS_target_april_s (Eric Haun) WEB.jpg

Transas’ chart plotter and AIS Viewer navigation app iSailor, available to iOS device users since 2010, is now also available in an Android version.   An easy-to-use navigational system for amateur seafarers, Transas said iSailor is used by hundreds of thousands around the world

International Yachts Under Biosecurity Spotlight in NZ

Image by Mediterranean luxury yacht charters

 The Ministry for Primary Industries (MPI) in New Zealand plans to turn the biosecurity spotlight on international yachts visiting Northland this season, says a government press release published in the Scoop.   Last season MPI introduced a range of new biosecurity checks following two

SSL, Streamlines Join Forces in Nordic, Baltic Regions

Joachim Lagerstedt, Managing Director, Scandinavian Shipping & Logistics

  StreamLines, a specialist carrier between Europe and the Caribbean and from the Caribbean, Colombia and Costa Rica to Europe, has appointed Scandinavian Shipping & Logistics as its agent in Norway, Denmark, Finland, Estonia, Latvia and Lithuania.  

SAILOR VSAT Antenna Systems Unveiled

Photo: Cobham SATCOM

Press release - The team at Cobham SATCOM is unveiling a new generation of 60cm Ka-band VSAT antenna systems at Monaco Yacht Show this week.   The new SAILOR 60 GX and SAILOR 600 VSAT Ka are based on a lightweight, high performance Ka-band VSAT platform designed for Inmarsat Global Xpress

RINA Launches New Services for Yacht

TANKOA 693 NAV-534.jpg

Press release - Italy-based classification society RINA has launched a series of new services and standards aimed at helping the growing global yacht industry to grow efficiencies and reduce its environmental footprint. The five new services being rolled out in the last quarter of 2015 are a

Fincantieri, Pininfarina Introduced “Ottantacinque”

Concept of a latest-generation luxury mega yacht.

  At the 2015 Monaco Yacht Show held this morning Fincantieri, leading western shipbuilding group, and Pininfarina, standard-bearer of the Italian design for 85 years, introduced the “Ottantacinque” concept of a latest-generation luxury mega yacht.

Damen’s New Yacht Range Sails to the Extremes

Image: Damen

Damen’s new SeaXplorer yacht range brings true capability to expedition yachting, from extreme polar to remote tropical areas.   The world’s first purpose-built, Polar Code compliant range of expedition yachts has been launched by Dutch shipbuilder Damen and its luxury

Barcelona Yacht Repairer Adds New Pearlson Shiplift

Barcelona Yacht Repairer

Yacht service, refit, repair and maintenance yard Marina Barcelona 92 (MB’92) has awarded a contract to Pearlson Shiplift Corporation (PSC) for the design and supply of a new ship lift and transfer system as part of an expansion project underway at its Barcelona shipyard.

DMW Marine Military Cranes


DMW Marine Group, LLC. completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally. Notable projects as listed by DMW include a personnel handling 500 ton meter knuckleboom crane

Baltic Exchange CEO Stepping Down

Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday. Penn, who took the helm as CEO in 2003 after previous top positions with international news agency Reuters, will leave next summer.

Asia Dry Bulk-Capesize Rates Impacted by China Holidays

Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said.

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