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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

Liberian Registry Appoints London GM

Kostas Ladas (Photo: Liberian Registry)

The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Kostas Ladas as general manager of its London office. Ladas joins LISCR from London-based ship and insurance broker and agent Victoria Steamship Co. Ltd

Asia Dry Bulk-Capesize Rates Could Slip Again

A ValeMax Bulk Carrier (file image: Vale)

Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next week as Brazil's Samarco iron ore mine disaster and uncertain ore demand from China weigh on cargo volumes, brokers said.

Maritime Cook Islands Expands Network to India

  Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”), Mr Faust Pinto Jr and Ms Fereshte D Sethna, to serve the growing yacht owning community in the Indian

Scripps Sells Oceanographic Research Vessel

New Horizon (Photo: Marcon International)

Purpose-built oceanographic research and survey vessel New Horizon has been sold from the Scripps Institute of Oceanography to private interests, announced ship broker Marcon International, Inc.   New Horizon will continue to work under her new ownership as a U.S

Hong Kong - Daya Bay Yacht Race

Yachting Photo Wikipedia

  A yacht race from Hong Kong to Daya Bay in the Mainland will take place on 30 October 2015 (Friday). About 60 yachts are expected to participate in the race. The race will start in the vicinity of Steep Island, Sai Kung at 1000 hours on 30 October 2015.

Dry Bulk-Capesize Rates Could Slide Further

A ValeMax Bulk Carrier alongside during loading (file image)

No sign of Q4 cargo rush; Capesize and panamax rates barely covering opex. Freight rates for capesize bulk carriers could slip further next week as too many ships available for hire weigh on the market despite reasonable cargo volumes, brokers said on Thursday.

Man Rescued From Sinking Yacht in Wrightsville Beach, NC

Courtesy USCG

The Coast Guard rescued a 59-year-old man Saturday from a yacht taking on water in Masonboro Inlet. A 29-foot Response Boat-Small (RBS) crew from Station Wrightsville Beach received a mayday call at 9:37 a.m. while on patrol. The 60-foot yacht Somewhere in Time was taking on water with one

Asia Dry Bulk-Capesize Rates to Slide with Voume Drop

File Image: a Valemax bulk carrier alongside the pier.

Capesize rates nearing the bottom - Shanghai broker; Global iron ore demand to hit 3 bln tonnes by 2030 (Rio Tinto) Freight rates for capesize bulk carriers could hold around current levels or nudge slightly lower next week as cargo volumes fail to match the number of ships available for charter

MOL Containership Rescues Castaways

Scenes of rescue operations

  Mitsui O.S.K. Lines, Ltd. today announced that on October 29, 2015, the MOL-operated containership MOL PROFICIENCY safely rescued all two survivors 400 km offshore of Canary Islands. Details of the rescue follow: ・ At 09:05 (all times in local time) on October 29, 2015

Triton 1650/3 LP Introduced at Boat Show

New Triton Submarines 1650 -Low Profile- designed to Fit in a Superyacht Tender Garage

  Triton Submarines LLC, America’s leading builder of personal submersibles designed for yacht deployment, provided details of its new Triton 1650/3 LP (Low Profile) submersible model at a press conference at the Fort Lauderdale International Boat Show today

Tanker Futures Market Booms as Rates Rally

Freight forward agreement (FFAs) trade rises. The market for hedging oil tanker freight has revived sharply this year to a value of $4.5 billion after years of torpor, with ship owners looking to profit from a freight rally and more energy companies scramble to cover risk, industry sources say

Glander Appoints Hawkins as Trader & Team Leader

Joshua Hawkins

  Glander International Bunkering, a leading marine fuel, lubricant trading and brokering company welcomes Joshua Hawkins as Bunker/Lubricant Trader and Team Leader for the Geneva office.   Joshua Hawkins brings five years industry experience to Glander International Bunkering along

FarSounder 3D Sonar for NACOS Platinum

MULTIPILOT station showing FarSounder sonar and ECDIS. (Image: FarSounder)

FarSounder, a developer of 3D forward looking sonar systems for navigation and obstacle avoidance, announced it has entered an integration partnership with Wärtsilä SAM Electronics.   The partnership will see 3D sonar data from FarSounder’s navigation systems visualized and

Glander Hires Bunker & Lubricant Trader

Ankita Batra

  Glander International Bunkering, a leading, global marine fuel, lubricant trading and brokering company hires Ankita Batra as Bunker and Lubricant Trader for the India office. Ankita Batra joins Glander International Bunkering with a post graduate in the domain of Energy Trading 

GIB India Adds Bunker and Lubricant Trader

Ankita Batra (Photo: Glander International Bunkering)

Global marine fuel and lubricant trading and brokering company Glander International Bunkering (GIB) has hired Ankita Batra as a trader for its India office.    Batra joins (GIB) with a post graduate in the domain of Energy Trading  from  the University of Petroleum and

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