Lloyd’s Register to Collaborate with IDS International
Lloyd’s Register is pleased to announce its collaboration with Initiative Development Services International Ltd (IDS International), a maritime and corporate security specialist based in the UK. The alliance with IDS International will play a key role in Lloyd’s Register’s preparations for attaining recognized security organization (RSO) status under the International Ship and Port Facility Security (ISPS) Code included in the recently adopted amendments to the Safety of Life at Sea Convention (SOLAS). IDS International will help Lloyd’s Register meet the RSO criteria, boosting the organization’s maritime security service capability.
Lloyd’s Sets Initiative for Industry Security
flag states and class - will be unable to cope with the workload within the deadline. Safety Management (ISM) Code. ISPS Code into a mere ‘paper exercise’. industry’s security requirements. important role in the Association’s ad-hoc working group on maritime security. ensure consistent application. 2003. Marine Director. forward. conjunction with training. possible. are in place. security plans. party do the entire job.
Oil Firms To Keep Spending Tight Despite High Prices
The absence of quality new merger opportunities will force oil companies to keep spending tight even though this year's oil price recovery has given them far more cash to work with, analysts said. Oil companies are now locked into the regime of tighter financial discipline they promised share investors during last year's crash, and will be unable to embark on the usual rush for production growth as the market recovers, they added. "The pendulum cannot swing quickly back and capital spending is not going to rebound," Fergus Macleod of Deutsche Bank said. "Oil companies have got to deliver on the agenda they set themselves. Fears of losing equity confidence mean oil companies will take around two years to raise spending in pursuit of market share left open by OPEC producers' supply cuts…
