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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

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.

Asia Dry Bulk-Capesize Owners Remain Confident

File Image: typical bulk carrier underway (BSM)

Number of idle ships down to around 15, from 70 in early 2016 - broker. Freight rates for large capesize dry cargo ships on key Asian routes could nudge lower next week although they are generally expected to remain around the current levels, ship brokers said. "Owners still have confidence in the market," a Shanghai-based capesize broker said on Thursday. That was reflected through the number of idle capesize ships, which were down to 15 vessels this week, the broker said

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.

Mega Yacht Shipped from Lavrion to Dubai

(Photo: Rickmers-Linie)

In early October, cargo vessel MV Rickmers Dalian made a stop-over at the anchorage off Lavrion in Greece to load a mega yacht for shipment to Dubai, where she was discharged on October 19.   The shipment of the 50-meter-long, 340-metric-ton yacht was coordinated and booked by

Excess Tonnage Weighs on Asia Dry Bulk-Capesize Rates

File image: a so-called ValeMax bulk carrier (Credit: Vale)

Capesize market "absolutely dead" on Thursday - broker. Vale says no new cargoes but owners sail empty vessels to Brazil. Freight rates for large capesize dry cargo ships on key Asian routes will continue to fall next week as too many ships chase available cargoes

Florida's First Ocean-to-Air Transhipment

Innovative programs such as this one also help  business community strengthen ties within the global marketplace Photo Crowley

Already the busiest port of entry in America for international air freight, Miami International Airport will soon be able to receive perishable freight imports by sea as well – a first for any Florida airport – through a permit approved in September by the U.S

MSC Active in 8th World Rice Conference

Photo: MSC

 Mediterranean Shipping Company S.A (MSC) considers the the 8th World Rice Conference, in Thailand is a perfect opportunity to meet customers, detail our enhanced offering for the commodity, and provide further information about our weekly services to major rice cargo destinations around the

VLCC Rates to Hold Firm as Owners Await MidEast Cargoes

File photo: Euronav

Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday.  

Asia Dry Bulk-Capesize Rates could slide as Tonnage Outweighs Demand

A typical Capesize Bulker (credit: BSM)

Many vessels available for charter put pressure on freight rates. Freight rates for large capesize dry cargo ships on key Asian routes are set to slide next week as the number of ships available for charter outpaced cargo demand, ship brokers said on Thursday.

Post-Brexit, Lawmakers Call for Royal Yacht's Return

(Photo: The Royal Yacht Britannia Trust)

As Britain sets sail in uncharted waters on the lookout for post-Brexit trade deals, lawmakers and a former diplomat have earmarked two key weapons: the Duchess of Cambridge and a new royal yacht.   Following the vote in June for Britain to leave the European Union

Globus Maritime Mulls 1-for-4 Reverse Stock Split

Photo: Globus Maritime Limited

 Globus Maritime Limited, a dry bulk shipping company, announced that its Board of Directors has determined to effect a 1-for-4 reverse stock split of the Company's common shares.    At the Company's annual general meeting of shareholders on September 8, 2016

Korean Register CEO Park Passed Away

Dr. B. S. Park ( Photo: Korean Register)

Dr. B. S. Park, Korean Register Chairman and CEO, has passed away after a short illness.   Dr. Park graduated from Korea Maritime and Ocean University in 1976 and joined Pan Ocean Shipping where he worked in a number of capacities until 2001

Manslaughter Charges Sought in Yacht Tragedy

Following the U.K. Maritime & Coastguard Agency’s more than two-year-long investigation into the circumstances surrounding the fatal loss of the yacht Cheeki Rafiki in May 2014, the Crown Prosecution Service (CPS) has decided to bring charges against Douglas Innes and Stormforce Coaching

Asia Tankers-VLCC Steady After Bumping Four-Month High

File photo: Euronav

Power struggle breaks out between between owners and charterers; West Africa cargoes hit a monthly record. Freight rates for very large crude carriers (VLCCs), which surged to a four-month high on Thursday, to hold steady as ship owners await the release of November cargoes

Barcelona Port Encourages Partnering for Development

The Port of Barcelona is pursuing an active policy to increase the competitive edge of its customers, fostering the development of efficient and operational services that respond to their needs for international shipping and logistics services

Asia Dry Bulk-Capesize Rates to Remain Steady

File Image (Credit BSM)

Owners seeking to push rates higher, close to year-long highs; dry bulk sector to see greater consolidation - BIMCO. Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain steady next week even as owners try to push rates up close to year-highs

Asian Crude Demand Pushes Charter Rates

A typical VLCC uinderway (file image: EuroNav)

Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their

Bimco Publishes Dry Bulk Crisis Report

Philippe Louis-Dreyfus. Photo: BIMCO

 BIMCO has published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties.    The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the

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