Ual News

An international shipping company will install revolutionary solar cells on its vessels to manage and store renewable energy following successful trials in Equatorial waters.Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed a letter of intent with Anglesey and Manchester-based Grafmarine to utilize the cutting-edge NanoDeck AI Solar tile management solution.The companies have worked in partnership over the last 12 months…

Vessel sales for February 2016 (as of March 1) as prepared by Shipping Intelligence, Inc., New York.

Below is a list of vessel sales for August, 2013 prepared by Shipping Intellegence, Inc., New York. All sale Prices are listed in Millions USD.

There is growing acceptance of Lloyd’s Open Form as the optimum contract for response to serious marine emergencies in US waters according to SMIT Salvage. A number of cases over the past few years have provided demonstration of the efficacy of LOF when responding to vessels with a potential to cause significant environmental damage. The effectiveness of the LOF system relates to the fact that the contract, once agreed, gives a set of very clear responsibilities to the salvor.