NTSB Issues Report on 2016 Columbia River Bulker Grounding
The National Transportation Safety Board (NTSB) issued a report on its investigation into the November 2016 grounding of the bulk carrier Nenita in the Columbia River. The Marshall Islands-flagged vessel was fully laden when it suffered an engine failure that impacted its ability to maneuver and subsequently ran aground at Three Tree Point on the Washington State side of the river. The ship’s bulbous bow and hull were damaged, but no injuries or pollution were reported. The vessel was towed to Longview, Wash.
Union Maritime Tanker MT Barrett Disappeared in Gulf of Guinea
London-based tanker owner company Union Maritime vessel stated that, MT Barrett, a product tanker which was at anchor off Benin, West Africa has not been heard from since late on Tuesday 9th January. "On Wednesday we alerted local maritime authorities and are exploring all possible options and efforts as we continuously monitor the situation. Whilst we are tirelessly working to locate the vessel, our primary concern is for the 22 crew on board and ensuring their safety," said a press release from the company.
Dive Support Vessel Delivered to Stapem Offshore
The first of two new 18-meter catamaran dive support vessels built for Paris-based Stapem Offshore has been delivered by South African shipbuilder Legacy Marine Group. The Marshal Island-flagged vessel, Stapem Beluga, will operate in the coastal waters of Angola in support of oil and gas exploration and production. The vessel, designed by Incat Crowther, has been customized to suit Stapem’s specific operational requirements. The aft exterior deck utilizes available space by combining deck lockers and racks for diving equipment storage with a covered dive prepping area.
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).
Marshall Islands Register Grows 29 Percent
The Marshall Islands register announced that its fleet has grown 29 percent in tonnage terms, or 4 million gross tons (gt), over the past 12 months in a mid-year report released. At the mid-year point of June 30, 2003, there are 569 ships totalling 17.69 million gt flying the Marshall Islands flag, in contrast to the 429 ships of 13.69 million gt on the register on June 30, 2002. The Marshall Islands flag has been one of the fastest growing registries in the world in recent years, and the latest figures show that this trend is continuing. In April 2003, for example, almost 1 million gt of new ships was registered with the Marshall Islands, just short of a record monthly total for the flag.
Capital Product Partners Buys Aframax
Capital Product Partners has announced that its Board of Directors has approved the acquisition of the eco-type crude tanker ‘Aristaios' (112,800 dwt, Ice Class 1C, built 2017, Daehan Shipbuilding, S. Korea) for a total consideration of $52.5 million from the Partnership's sponsor, Capital Maritime & Trading. The M/T ‘Aristaios' is currently employed under a time charter to Tesoro Far East Maritime Company (‘Tesoro') at a gross daily rate of $26,400. The Tesoro charter commenced in January 2017 with duration of five years +/- 45 days.
MINTA, Tyco Subsea Cable for Marshall Islands
The Marshall Islands National Telecommunications Authority (MINTA) and Tyco Telecommunications, a business unit of Tyco Electronics, announced the Marshall Islands-flagged Tyco Durable has returned to Majuro, RMI, and will begin to lay cable as part of a regional subsea cable project that will ultimately deliver high-bandwidth connectivity between the island nation and the rest of the world. In commemoration, the companies will host government delegates from the Republic of the Marshall Islands for an event on board the cable ship. “The Tyco Durable’s arrival back in port marks a significant step toward the completion of the MINTA Extension to the HANTRU-1 System, which will have a profound impact on our community,” said Tony Muller, president of MINTA.
Marshall Islands Observe ISM Code Before Deadline
The Marshall Islands can confirm that all vessels on its ships register affected by Phase II of the International Safety Management (ISM) code were in full compliance ahead of the July 1 deadline. Those vessels registered with the Marshall Islands that do not comply with ISM are exempt by virtue of the Safety Of Life At Sea (SOLAS) compliance definitions, are in lay-up or have been foreign bareboat charter registered in another flag-state jurisdiction. The 2001 annual report of the Paris Memorandum of Understanding on Port State Control (Paris MOU) has put the safety records of flag states back in the spotlight once again when it showed that safety management deficiencies on vessels have risen by 150% in three years.
Marshall Island Touts Cost Free Registration
International Registries (IRI) is extending its cost-free registration for all vessels registering under the Marshall Islands flag until December 31, 2000. This special deal includes registration, documentation and mortgage recordation fees - as well as marine inspection, investigation and international participation fees. Vessels registered under the Marshall Islands flag included in this special offer will be lifted from the annual tonnage tax until January 1, 2001.
How the Marshall Islands became a top U.S. Crude Destination
Best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit, the Marshall Islands is now gaining attention as a top-five destination for U.S. crude exports despite the lack of a refinery to process the oil. The shipments to the Marshall Islands, a tiny atoll nation in the middle of the Pacific Ocean, are a quirk of U.S. regulations, providing a vivid example of how traders carry out arbitrage opportunities and how fuel is supplied to some of the world's most remote regions. Since the removal of restrictions on exporting U.S. crude in December 2015, the oil has gone to a rising number of countries, with an average monthly volume of over 500,000 barrels per day (bpd), according to figures from the U.S.
Marshall Islands To Combat Money Laundering
At a time when the actions of open registries and offshore jurisdictions are under unprecedented scrutiny, the Republic of the Marshall Islands is demonstrating its resolve and commitment to transparency and accountability by accepting an invitation to join the Egmont Group. The Egmont Group is an international network of financial intelligence units set up to promote global communication to prevent and investigate money laundering and the financial background of known and suspected terrorists, including open ship registries, some of which, in the past, have been allegedly involved in dubious financial transactions. The Marshall Islands was invited to join the Egmont Group despite only having enacted anti-money laundering legislation with the Banking (Amendment) Act…
Renaissance Cruiseships Reflagged To Marshall Islands
Six of the former Renaissance cruiseships now owned by Cruiseinvest LLC, a Marshall Islands-incorporated company, have been reflagged to the Marshall Islands, Cruiseinvest, and International Registries Inc, the managers of the Marshall Islands maritime and corporate registers, said in a joint announcement on December 5. "We required a register and flag administration known for its integrity to match the quality of our superb new cruiseships and to give us business flexibility, and the Marshall Islands fulfilled these needs," said Dominique Prunier, chief executive of Cruiseinvest Management S.A., a Marshall Islands company which manages the Cruiseinvest fleet and which has an office in Paris to oversee the management of the fleet.
Renaissance Cruiseships Reflagged to Marshall Islands
Six of the former Renaissance cruiseships now owned by Cruiseinvest LLC, a Marshall Islands-incorporated company, have been reflagged to the Marshall Islands, Cruiseinvest, and International Registries Inc, the managers of the Marshall Islands maritime and corporate registers, said in a joint announcement today (Wednesday 5 December 2001). "We required a register and flag administration known for its integrity to match the quality of our superb new cruiseships and to give us business flexibility, and the Marshall Islands fulfilled these needs," said Dominique Prunier, chief executive of Cruiseinvest Management S.A., a Marshall Islands company which manages the Cruiseinvest fleet and which has an office in Paris to oversee the management of the fleet.
Marshall Islands Expands, Tightens Documentation
2003. By June 30, 2004 some 32,389 documents had been issued by the Maritime Administration, comprising 3,651 officer certificates of competency, 7,157 seafarer identification record books (SIRBs) and 21,581 special qualification certificates (SQCs). The rise in the volume of crew paperwork highlights not only the current growth of the Marshall Islands flag fleet, which has expanded by 23 percent in tonnage terms, reaching 22 million gross tons in the second quarter of 2004, but also the increased vigilance the Maritime Administration is giving to the issue of seafarer documentation. ³We believe that prevention is better than cure,² states Capt. Robert A. Fay, Vice President, Seafarers¹ Documentation with International Registries, Inc.
Marshall Islands Maintains USCG Qualship 21 Status
International Registries, Inc. (IRI), the Maritime and Corporate Administrator of the Republic of the Marshall Islands, learned of its continued United States Coast Guard (USCG) Qualship 21 status last week. This marks the third consecutive year that the Marshall Islands Registry has maintained its listing status with the USCGâ€™s Qualship 21 initiative. The Qualship 21 program was initiated by the USCG in January 2001 to motivate the industry to eliminate substandard shipping. This initiative provides positive rewards to high-quality ships from qualifying registries. These rewards range from a two-year certificate of compliance for tankers with less thorough mid-period exams to two years of limited Port State Control (PSC) oversight for freighters.
Eagle Bulk Shipping Adds New Ultramax
U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax. The acquisition has been funded by cash on-hand and new debt of USD 8.6 million. This loan, which equates to approximately 40% of the purchase price, represents an upsize to the existing Eagle Bulk Ultraco LLC Debt Facility which carries an interest rate of LIBOR plus 2.95% and has a maturity of October 31, 2022.
Republic of the Marshall Islands Maritime Administrator Media Statement
"The Republic of the Marshall Islands acknowledges the Commandant's conclusions. The United States Coast Guard's report, with final Commandant action, reinforces many of the findings contained in the flag State’s report released previously," said Bill Gallagher, Senior Deputy Commissioner of Maritime Affairs. "The Marshall Islands looks forward to working closely with the United States and other member States at the International Maritime Organization to implement the lessons that can be learned from this casualty and improve maritime safety going forward," he concluded.
Pirated MV Samho Dream Released
On 6 November 2010, the Marshall Islands-flagged MV Samho Dream was released from under pirate control. The MV Samho Dream, a Marshall Islands-owned crude oil tanker, deadweight 319,360 tonnes, was pirated on 4 April 2010 approximately 600 nautical miles off the Somali coast. The MV Samho Dream has a crew of 24, of which 19 Filipinos and 5 South Koreans.
Marshall Islands Registry Passes Test
International Registries, Inc. (IRI) was reportedly notified by the U.S. Coast Guard (USCG) that the Marshall Islands ship registry which IRI administers is the only major open registry to pass the Port State Control (PSC) detention ratio test, which is a qualifying prerequisite for an award under the USCG's new QUALSHIP 21 program. QUALSHIP 21, which came into effect on 1 January this year, provides incentives to reward high-quality vessels not under the U.S. flag. These range from a two-year certificate of compliance for tankers and less thorough mid-period exams, to two years of limited PSC oversight for freighters and public recognition for qualified passenger ships. Future incentives may include reduced port fees for vessels meeting additional quality standards.
Captain Issued RMI’s First Unlimited Yacht License
Private maritime training school Maritime Professional Training (MPT) announced it recently graduated Captain Roberto Beretta who is the recipient of the first Republic of the Marshall Islands (RMI) Master (Yachts) - Unlimited license. Captain Beretta is the first in the world to achieve this certification, which he attained through MPT’s first of its kind, expedient superyacht-specific assessment for captains wishing to gain their unlimited license from the RMI Maritime Administrator.
Marshall Islands Urges Cap on Shipping Emissions
The Republic of the Marshall Islands (Marshall Islands) Monday issued an emailed press release calling for the International Maritime Organization (IMO) to set a new global target to reduce greenhouse gas emissions from the international shipping industry. The tiny South Pacific nation is the world's third biggest shipping registry, but is increasingly threatened by rising sea levels linked to climate change. Now the Islands is using its position as the world's third largest shipping…
Warde Joins Blank Rome
Blank Rome LLP announced that Conor T. Warde has joined the as an Associate in the maritime group. Warde brings experience in international maritime law and will be based in Blank Rome’s Washington, D.C. office. Prior to joining Blank Rome, Warde served as Associate General Counsel of International Registries, Inc., which administers the Marshall Islands Maritime Registry. In this capacity, Warde guided the Registry on the interpretation and enforcement of national and international laws and regulations affecting the maritime industry, including International Maritime Organization and International Labor Organization conventions. During this time…
Marshall Islands Accedes to Key IMO Conventions
One of the world's largest shipping nations, the Republic of the Marshall Islands, has acceded to five major IMO Conventions. Mr. Joseph A. Bigler, Counsellor to the Maritime Administration, Republic of the Marshall Islands, has deposited with IMO Secretary-General, Efthimios E. Mitropoulos, instruments of accession to the 1996 Protocol to the Convention on the Prevention of Marine Pollution by Dumping of Wastes and Other Matter, 1972 (1996 London Convention Protocol); the International Convention on the Control of Harmful Anti-fouling Systems on Ships, 2001 (AFS Convention); the Protocol of 2005 to the Convention for the Suppression of Unlawful Acts against the Safety of Maritime Navigation…