Golden Union News

Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme, who passed away from cancer in July.George Logothetis, Chairman and CEO of the Libra Group, says, “This announcement has long been in our succession planning, with Achim due to have become Chairman of Lomar. Achim’s tragic passing left us with a huge void but also a tremendous legacy…

ABS, a leading provider of classification services to the global marine and offshore industries, has completed a project with a group of leading Greek shipowners to support preparations for implementing the European Union’s Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions. The result of this initiative is a clear interpretation of the regulation that allows companies to understand how they will be affected and what steps have to be taken to achieve and demonstrate compliance. “The EU MRV Regulation establishes a regional regime that requires owners to put in place systems and practices that provide clear and precise evidence of compliance,” says Dr. Kirsi Tikka, ABS Executive Vice President, Global Marine.

Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to reduce costs in a fragmented market, the firms said in a joint statement. The firms, including Golden Ocean, Bocimar International, CTM, Golden Union Shipping and Star Bulk Carriers will form Capesize Chartering Ltd., aiming to start up operations by the second half of February. "The parties operate in the highly competitive and fragmented capesize industry, and neither party owns, controls or manages sufficient capesize vessels to provide competitively priced bids and efficient trading and operations to serve its customers," the firms said.

Clarkson Hellas understand that Golden Union have declared options for three further 81,200 DWT Kamsarmax at AVIC Weihai Shipyard for deliveries throughout 2016 and 2017 to add to their existing two units currently under construction. Clients of Sealink Navigation have contracted two firm 63,000 DWT Ultramax with Imabari Shipbuilding in Japan for deliveries in 2016 for the first unit and in 2017 for the second. Also, although understood to have been signed last month, it came to light this week that they have also placed an order for two firm 34…

Dubai Maritime City's facility & services were introduced at a specially convened Ship Owner’s meeting at The Capital Club at the Dubai International Financial Centre. The recent meeting was attended by Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, Nikolas Veniamis, President of Hellenic Shipping Association, Greece and also the Owner & Chairman of Golden Union Shipping in Greece, Vinod Shah from ADANI Group, Gujarat India, Robert Murhead, CEO of Mur Shipping and Tahir Lakhani, Chairman, DTA Ship Trading LLC. and Ali Lakhani, Managing Director – DTA Ship Trading.

LNG-fuelled bulk carrier design developed by COSCO Shipyard Group, Golden Union & Lloyd’s Register moves industry along. Lloyd’s Register has provided approval in principle (AIP) for the new ‘Clean Sky’ bulk carrier design incorporating an LNG-as-fuel system. COSCO, Golden Union and Lloyd’s Register started the project in June 2011 to investigate the potential to develop a commercially viable bulk carrier design based on an existing COSCO conventional design, but employing gas powered propulsion systems.

‘Clean Sky’ design Kamsarmax project moves industry far beyond the concept stage for gas powered bulk carriers. Lloyd’s Register has provided approval in principle (AIP) for the new ‘Clean Sky’ bulk carrier design incorporating an LNG-as-fuel system. COSCO, Golden Union and Lloyd’s Register started the project in June 2011 to investigate the potential to develop a commercially viable bulk carrier design based on an existing COSCO conventional design, but employing gas powered propulsion systems.

Some 250 shipping executives from 24 companies unraveled their football talent on the turf of Greek Superleague champions Olympiacos during the Posidonia Shipsoccer Tournament, the last of the three sporting events which comprised this year's recreational and networking calendar of the Posidonia 2012 Exhibition week. The five-a-side event, which was organized by Posidonia Exhibitions S.A and Naftiliaki Filathliki Enosis, attracted over 300 spectators who enjoyed a football feast…