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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


Transatlantic Panamax Rates Hit Six-Week Lows

Panamaxes for transatlantic round voyages fell to six-week lows on Wednesday as trade was limited by a series of European holidays in the month of May, brokers said. "It's not looking good, every region is down. To say it's a disaster for owners would not be an understatement," a broker said. Transatlantic round voyage returns are edging closer to the $11,000-a-day mark. Brokers said that commodities trading house Cargill booked a 1997-built panamax at $11,500 a day


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.


New CEO at the Helm of Crystal Cruises

Tom Wolber (Photo: Crystal Cruises)

Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15.   Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development


Amsterdam Port Partners with HISWA Holland Yachting Group

Photo: Port of Amsterdam

 Port of Amsterdam officially joined the HISWA Holland Yachting Group as a partner on, presenting itself as a new partner to the members during the annual HISWA summer event.    The event was held on the wharf of yacht manufacturer Royal van Lent (Feadship) on the Kaag waterway


The Shipowners' Club Reports Steady Half Year Results

Photo: The Shipowners Club

 The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported steady financial results for the six months ended 30 June 2017, despite challenging market conditions.    The Club recorded a 99


More Cargo, Slower Steaming Support VLCC Rates

File Image (CREDIT: AdobeStock / (c) Carabay)

VLCC rates from MidEast to Asia gain around $3,000; higher chartering volumes for peak winter season could lift rates.   Freight rates for very large crude carriers (VLCCs) on Asian routes may have found a floor this week as a combination of increased chartering activity and some tankers


DMA Approves Tests Providers for Yachtsmen

Photo: Danish Maritime Authority

 Currently, the Danish Maritime Authority is in the process of approving test providers and issuers of certificates for yachtsmen.  ​The approval is made in accordance with new regulations that entered into force earlier this year


ABB to Power the ‘Anti-cruise Ship’

(Image: ABB)

ABB will provide the power and propulsion for the first in a series of vessels that mark Ritz Carlton’s first foray into the maritime sector. The 190-meter long vessel has been dubbed the “anti-cruise ship” because it can accommodate just 298 passengers and is aimed at providing


Exmar sells Belgibo to JLT

Photo: BELGIBO NV

 Ship management company EXMAR has reached an agreement to sell insurance broker BELGIBO NV to Jardine Lloyd Thomson Group plc (JLT), one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services.  


Harvey Produces Rare Jet Fuel Exports to U.S.

File Image: a product tanker loads at berth (Transnet)

Traders are shipping jet fuel from Europe to the United States, where Tropical Storm Harvey has sparked concern over possible shortages of the aviation fuel.   French oil major Total has booked the Maersk Misumi and Butterfly to load 37


VLCC, Product Tanker Rates Headed in Opposite Directions

File Image (CREDIT: AdobeStock / (c) Carabay)

No impact on VLCC rates yet from Hurricane Harvey, even as rates for smaller product tankers double.   Freight rates for very large crude carriers (VLCCs) on Asian routes continue to sink on a glut of available tonnage as owners wait for supply disruptions caused by Hurricane Harvey to help


MAN Engines for the Latest Riviera Luxury Yacht

The strongest version of the twin engine system for the 68 Sports Motor Yacht produces 3,800 hp (2,794 kW). (© Riviera)

Riviera 68 Sports Motor Yacht to be powered by MAN V12 engines.   Australian yacht builder Riviera Yachts is equipping its new 68 and 72 Sports Motor Yacht models with V12 diesel engines from MAN Engines. Customers have the choice of the V12-1550 or V12-1800 models


Asia VLCC Rates Fall to Four-year Low

© Jose Gill / Adobe Stock

Freight rates for very large crude carriers (VLCCs) on Asian routes show little sign of reviving although Hurricane Harvey, which threatens to ravage the U.S. Gulf coast oil refining industry over the weekend, could provide a fillip, brokers said.  


Bay Ship and Yacht to Perform Maintenance on Balclutha

Bay Ship & Yacht has been chosen for the third time to perform maintenance on the 131-year-old historic ship, Balclutha. (Photo: Business Wire)

Bay Ship and Yacht Co. has announced it has once again been honored with the contract to perform maintenance on the historic sailing ship Balclutha. This is the third time the reputable ship yard has been chosen to perform much-needed detailed maintenance on the 131-year-old ship


Diana Containerships Reports 1-for-7 Reverse Stock Split

Photo: Diana Containerships Inc

 Diana Containerships, a global shipping company specializing in the ownership of containerships, today announced that its Board of Directors has determined to effect a reverse stock split of the Company’s common shares, par value $0.01 per share, at a ratio of one-for-seven. 


MAN Engines Expands Sales & Service Network

(Photo: MAN Engines)

MAN Engines said it is expanding its sales and service network for marine engines with bases in the U.K., Poland, Sweden and Chile. These partnerships will build on existing commercial ties between the service companies and MAN Engines, some of which go back decades.  


Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut

File Image: A VLCC Underway in the Suez Canala (CREDIT: Suez Canal)

Around 90 ships charter free for early September loading.   Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month, facing strong headwinds from a glut of tonnage, brokers said.  






 
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