BREXIT: North P&I Gets OK for Dublin Brexit Hub
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of senior…
This Day In Naval History: April 11
1783 - Congress declares the cessation of arms against Great Britain, just a few days after British Parliament passed a similar resolution, thus ending hostilities of the American Revolution. 1944 - USS Redfin (SS 272) sinks the Japanese destroyer Akigumo in the eastern entrance to Basilan Strait. 1945 - The kamikaze attacks during the Okinawa Campaign damage eight Navy ships. 1970 - Apollo 13 is launched, commanded by Navy Capt. James A. Lovell. The ship endures an explosion forcing an immediate return to Earth. Recovery is by helicopters from USS Iwo Jima (LPH 2). 1991 - The U.N.
Desulfurization of Exhaust Gases in Shipping
Are shipowners prepared to enter SECA zones? Due to existing regulations on air exhaust emissions from the International Maritime Organization (IMO), and with the European Union working towards an alignment with IMO MARPOL Annex VI, the marine industry will need to choose a path on how to achieve compliance, a choice that will have tremendous impact on shipping. Legislation has already had an effect on the fuel markets in regulated areas, as fuel prices are expected to increase even further in 2015 when the 0.1% fuel sulfur limit enters into force.
Emergence of Yacht Industry Brings New Training Standards
International Yachtmaster Training and Deliveries is the world's largest nautical college dedicated to the training of Megayacht crew. The megayacht industry has been expanding at a phenomenal rate over the last 5 to 10 years. A megayacht, both sail or power, defined as any yacht over 100 ft., is the large toy of the financial elite and corporations worldwide. The demand for these vessels has so escalated that newbuilds are now booked as far in advance as four to five years for new project commencement. With the development of these newbuilds, so to has come a development of new standards for construction, safety, and manning. With the smallest of the world's top largest 200 yachts being 178 ft.…
