Marine link
 

Yacht Broker

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


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


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


Yacht Club Takes Delivery of New Dredger

Photo: Ethan VanMatre, Rose City Yacht Cub

Rose City Yacht Club, a long-standing private marina and social club along the Columbia River in Portland, Ore., recently took delivery and startup of a new 8-inch Badger Class dredge from Reserve, La.-based DSC Dredge, LLC.   The Badger dredge was a much-needed replacement for an older


Peak Shipping Season Is Approaching For United Yacht Transport

Image: United Yacht Transport

 Spring is the busiest season for United Yacht Transport, the North American leader in boat transport. The international boat transporters are set to complete various shipments in the upcoming months.   In the beginning of the year


Asia Dry Bulk-Capesize Rates Should Remain Flat

Western Australia-China rates hit near 17-year low; owners explore laying-up ships. Freight rates for capesize bulk carriers on key Asian routes should remain flat next week as the Lunar New Year holiday in China will curtail chartering activity, shipbrokers said on Thursday.


Italian Yacht Maker Ferretti Creates Defence and Security Unit

Italian luxury yacht builder Ferretti, owned by Chinese industrial conglomerate Weichai Group, has created a new unit to build boats for the patrol and defence of international waters, lands and coastlines, it said on Wednesday.   Ferretti Security and Defence (FSD) will design


Large Yacht Code for Super Yachts - AMSA

Courtesy AMSA

From March 1, the Australian Maritime Safety Authority (AMSA) will adopt the Large Yacht Code for super yachts and training vessels of 24 metres or more in length in a first for the Australian yachting community. Marine Order 52 will change the way large yachts in Australia are regulated in


IMTRA Acquires Custom Product Sales Talent

Prentice Weathers

Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team.


Microsoft Mogul's Yacht Destroys Coral Reefs

MV Tatoosh. By Comiquaze

 The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands.   It destroyed almost 14,000 square foot, or about 80 per cent


SS United States: Deal Reportedly brokered to Save Historic Ship

(Image: Maritime Reporter & Engineering News)

A deal has been brokered to save the historic liner SS United States, with full details scheduled to be announced in New York City on Thursday, February 4, 2016.   Once the queen of the express liners, and the fastest, safest and biggest passenger liner in history


Asia Dry Bulk-Capesize Rates Likely to Remain Flat

File Image: a so-called ValeMax Bulk Carrier

Chinese iron ore and coal imports to fall in 2016 - Clarkson Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday


Fredriksen forms ship broker with Arctic Securities

Norwegian-born billionaire John Fredriksen has teamed up with investment bank Arctic Securities to form a ship broking company aimed at taking on bigger rivals and betting on a recovery in the global shipping market. Many segments of the shipping industry, including dry bulk commodities


Russians to Acquire Fairline Boats

Photo: Fairline Boats Limited

 Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors.    A new company, Fairline Acquisitions, funded by two UK-based Russian investors with a background in the marine sector


Super Yacht Bursts into Flames

Image from Youtube video

 The GBP4million super yacht Princess 95 Queen Anna has been destroyed after it went up in flames in Turkey.   The 90-foot superyacht yatch was completely gutted by the blaze in Ege Saray marina in Fethiye on Thursday.   Smoke then completely engulfed the vessel and there were


Global Insurers Plot Cautious Course to Iran

Image - Iran Photo OPEC

* Iranian insurers see tie-up interest from foreign players * Local insurance market worth $7.4 bln in premiums * Iranian players seeking credit ratings to help partnerships * Caution remains over U.S. restrictions still in place By Bernardo Vizcaino and Carolyn Cohn


Kuo Oil Looks to Lift Two Iranian Fuel Cargoes

U.S. lifts 2012 Iran sanctions against three trader companies; Kuo Oil seeks to load two Iranian fuel oil cargoes. Kuo Oil, a Singapore-based oil trading company, is seeking ships to load Iranian fuel oil, according to a shipping broker report, now that it is finally clear of U.S


Safe Harbor Pollution Insurance Broadens In-house Capacity

Safe Harbor Pollution Insurance broadens panel of security, increases marine pollution capacity    Vessel pollution liability insurance company Safe Harbor Pollution Insurance announced it has expanded its carrier partnerships to include Berkshire Hathaway Specialty Insurance Company






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright