Shipping Management News

Advanced Polymer Coatings (APC) confirmed a series of new contracts to apply its MarineLINE tank coating system to newbuild and existing tankers, including:A deal with Genka Shipbuilding will see MarineLINE applied to a newbuild 2,000-DWT oil and chemical tanker. Construction of the vessel at the Pendik Naval shipyard will get underway in January 2023.APC also signed a contract with Okan Ogullari Shipping to coat its latest new build 10,500-DWT tanker. Construction work is also scheduled to start in January 2023.In another deal…

On October 31, 2022, global maritime leaders of tomorrow graduated from the World Maritime University (WMU). The Class of 2022 has received the education required to contribute to maritime and ocean matters in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs). Overall, the graduating class includes 276 graduates from 70 countries, and sets a record of 94 women graduates.WMU President Dr. Cleopatra Doumbia…

As coronavirus infection rates are again on the rise, Nor-Shipping has taken the decision to postpone its upcoming exhibition and event program. The Nor-Shipping management team is engaging with stakeholders to plot the path forward, and an announcement on the timing of the next Nor-Shipping is expected before the end of this week.“In a very fluid pandemic situation, with rapidly rising infection rates here in Norway and elsewhere, we believe the time has come to postpone our January program and try and create some clarity for our exhibitors and participants,” Director Sidsel Norvik said.

The organizers of Nor-Shipping said the maritime trade show will be held in January as scheduled despite new coronavirus restrictions enacted in Norway.New, temporary national restrictions have reintroduced one meter distancing guidelines and face masks, where necessary, and limited numbers for social gatherings. Exhibitions are still permitted to be held with appropriate public health measures in place, and Nor-Shipping's organizers say the demand for a full-scale, international…

Aegean Shipping Management announced Thursday it has exercised an option for a third Aframax tanker from Chinese shipbuilder COSCO Heavy Industry (Yangzhou) Co. Ltd. At the same time, a letter of intent (LOI) for a fourth vessel was signed.The initial deal for the series' first two vessels was signed in September 2020.The four ECO friendly tankers are scheduled to be delivered sequentially from June 2022 through March 2023.Piraeus-based Aegean Shipping, who owns only newbuilds from China, said the average age of its fleet will be 2.9 years upon completion of the latest newbuild series.

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat, bringing the company's managed fleet to 27 vessels, comprising of 22 LNG, 4 LPG carriers, and 1 FSRU.The FSRU Exquisite has a cargo-carrying capacity of 150,900 cubic meters and a peak regasification rate of 690 million cubic feet per day.

Chinese shipping index organization Shanghai Shipping Exchange (SSE) and  shipping management software provider CargoSmart have signed a memorandum of cooperation (MoC) to develop a new shipping index for ocean carrier schedule reliability.Both parties will work together to create a new methodology to calculate schedule reliability for key trade lanes to help shippers optimize their supply chains and for the industry as a whole to improve service quality.SSE has been playing a significant role in providing up-to-date and accurate shipping information for the global shipping market, including publishing the China Containerized Freight…

Navig8 Product 2020, an international shipping company,  has announced that it has taken delivery of the Navig8 Promise.Its the seventh 110,600 DWT scrubber-fitted LR2 tanker from New Times Shipbuilding.The Navig8 Promise will be entered into and operated in Navig8 Group’s Alpha8 commercial pool.The crude oil tanker built in 2019 will sail under the flag of Marshall Islands.Navig8 is a fully integrated provider of shipping management services and the world’s largest independent pool and commercial management company.

International trade is subjected to diverse and wide controls and customs regulations that need to be met to ensure that traded goods are entering and exiting legally.If a delay occurs, the entire plan gets affected. A delay causes increased expenses such as storage costs, fines, and penalties, resulting in additional problems for importers and exporters."This new one-stop-shop allows us to timely and efficiently handle export and import declarations for our customers. The solution provides downstream benefits of full governance and compliance…

The World Maritime University (WMU) signed an enhanced Memorandum of Understanding (MoU) with the Maritime and Port Authority of Singapore (MPA), to cooperate on global maritime leadership training and capacity building for the international maritime community. The enhanced MoU was signed by Ms. Quah Ley Hoon, Chief Executive, MPA, and Dr. Doumbia-Henry, President of WMU.The agreement provides for cooperation between the two partners on the education of maritime leaders, leadership development programmes, as well as exchange of faculty members.Under the agreement, MPA Academy will continue to host week-long field studies in Singapore…

French ferry operator La Méridionale and Eniram, a Wärtsilä have taken notable steps on digitalising La Méridionale’s fleet with the help of the latest energy management technology."This partnership is in line with Wärtsilä’s Smart Marine vision, which through the extensive use of digitalisation, will enable the efficient use of resources with the least possible impact on the environment," said a press release.The ‘Piana’, a ro-pax ferry that travels between Marseille and Corsica, was equipped with Eniram Trim and Speed solutions in April 2017. The evaluation period, which ended in summer 2018, resulted in annualized fuel savings of around 2%. These savings enable payback on the investment in just two years.

Korea Maritime Promotion Corporation (KMPC), a dedicated support organization for the shipping industry, will be established in Busan in June of next year with capital of 5 trillion won (US$4.5 billion), reported BusinessKorea. KMPC is set to offer financial and industrial policy support, in order to reform and upgrade the shipping industry in Korea, in response to the Hanjin Shipping bankruptcy. At Seoul meeting of the ministers of economic affairs, on 24 August, South Korea’s Ministry of Oceans and Fisheries announced a plan to establish Korea Maritime Promotion Corporation, a support organization for the shipping industry, in Busan, in June 2018.

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales. The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial businesses. It is reporting a 27pc sales hike on last year’s figures between January to June. Growth has steadily been recorded across the board with a notable increase in servicing work, spare parts sales and a massive surge in engine sales.

One of Australia’s most important economic gateways will soon house a state-of-the-art shipping management control system to be installed at Port Hedland, the world’s largest bulk export port. The system includes a command and control system integrated with advanced radar, long-range closed circuit TV and voice radio technology to safely manage and guide thousands of ship movements in and out of the tidally constrained port with pinpoint precision. The Vessel Traffic Service (VTS)…

Aegean Shipping Management S.A. announces the appointment of Apostolos Poulovassilis as Chief Executive Officer with immediate effect. Mr. Poulovassilis joins the company at an important point in its development, with the upgrade of its tanker fleet in full progress with a clear focus on operational and environmental excellence. Mr. George Melissanidis, Chairman of Aegean Shipping Management said: “We are very pleased to be appointing someone of Mr. Poulovassilis’ caliber and experience to Aegean Shipping. He has demonstrated throughout his career the ability to develop and lead successful teams and deliver impressive results. Mr. Poulovassilis…

Inlecom Systems Ltd (Inlecom) has launched i-Ship, an innovative software application, enabling ship representatives to fulfil their reporting obligations to European and International maritime and custom authorities with greater speed and efficiency. Developed as part of the part EU-funded FP7 eMAR project, i-Ship has been designed specifically to automate reporting formalities in a timely and correct manner taking into account the type of ship and/or voyage and is fully compliant with Directive 2010/65/EU.

Narottam Morarjee Institute of Shipping (NMIS) held a simple ceremony yesterday to celebrate the upgradation of its premises in Mumbai and for having updated the study material in line with the latest developments. Set up in 1969 under the joint auspices of the Ministry of Shipping, government of India and the Indian Shipping Industry, the institute continues to be the only center in the country conducting a course in commercial shipping. The Director General of Shipping Gautam Chatterjee was the chief guest, the Chairman of JNPT, N.N. Kumar and the CMD of Shipping Corporation of India (SCI) A. K. Gupta were the Guests of Honor. While…

Global shipping management company, PV Enterprises International, Inc. "We realized people are the most profitable cargo," said Mr. Peter Villiotis, CEO of PVEC. "We are very excited about our focus on tourism in undeveloped areas, a much larger market where my unique experience as Chief of Technical Operations for two major Cruise lines for 25 years can be effectively utilized. "PVEC has recognized the huge potential in specialty cruises coupled with ecotourism. This relatively new, immature and inefficient segment of this $36 billion market presents enormous potential. "Consistent with our firm commitment to build a global integrated maritime services company, we have accomplished much this year to develop this plan.

The operator of the South Korean ferry that capsized and sank this month with the loss of about 300 lives was apparently being squeezed by competition from budget airlines and had to increasingly rely on its cargo business. The Sewol ferry sank on a routine voyage south from the port of Incheon to the holiday island of Jeju on April 16. Investigators have not determined the cause of the accident but media has reported that the ship was overloaded with cargo and it may have been poorly stowed. The ship was carrying 476 passengers and crew and had a capacity for 956. The Korean Register of Shipping, which tested and certified the Sewol, stipulated that it should be loaded with no more than 1,070 tonnes of cargo and passengers combined. It is not clear how much cargo it was carrying.

Martek Marine reported a significant increase in marine defibrillator sales in 2013, up 475% on 2012, with over four months of the year remaining. These sales include an order of more than 100 AEDs to Swire’s entire China Navigation fleet, as Swire beat the new Maritime Labour Convention’s (MLC) August deadline to have a marine defibrillator on every vessel, with crew trained in its use. Other customers include Bernhard Schulte Management, Chemikalien Seatransport and Topaz Energy & Marine.

"Germany and the EU cannot possibly have world-class efficient commercial ships manned by Filipinos today, and world-class efficient ships without Filipinos onboard tomorrow", said Vice President of the Philippines Jejomar Binay at a Maritime Round Table held at the Head Offices of Classification Society Germanischer Lloyd (GL) recently. One of the most critical factors to ensuring safety at sea is the human element, without an able and experienced crew and officers the most modern and well designed vessel cannot promise safety. Filipino seafarers are at the heart of the maritime industry, making up almost one third of working seamen on trading vessels.

WaveSentry, a Technology Strategy Board funded project backed by a consortium of industry and academic experts, successfully concluded at the end of April with an event to present the key outcomes of the project explore technologies and opportunities for further development of wave measurement and maritime forecasting. The WaveSentry project consortium aimed to develop a new information and forecasting tool for managing the risks of marine operations in adverse sea states. Delegates…

CrewInspector signs a partnership agreement with Latvian Maritime Academy to provide lectures and training courses in crewing and crew management. Theoretical knowledge and practical tasks with crew management software enable students studying ports and shipping management bachelor program to understand the process of crew management from different angles. Crew Management is part of the vessel management lecture course where students are able to gain basic knowledge of practical part of crewing day to day issues. CrewInspector provided an overview of global trends and practices in crew management industry by outlining differences in Asian, Middle East and European markets.