Indian Fishermen Hail US Supreme Court Decision to Hear World Bank Suit
Farmers and fishermen in western India have welcomed a U.S. Supreme Court decision to hear their lawsuit against a World Bank agency, which financed a power plant they blame for damaging the environment and their livelihoods.The U.S. Supreme Court on Monday agreed to hear an appeal by the villagers of a lower court ruling that the International Finance Corp (IFC) was immune from such lawsuits under federal law.The court must now consider for the first time whether international organisations are immune from such suits under federal law…
RINA Increases Access to PSC Detention Information
As part of a program designed to produce greater transparency and wider dissemination of information in the interests of improved safety, Italian classification society RINA has posted on its website details of its port state control performance (PSC). basis. the drive to make shipping a safer industry. available details of our port state control performance on the RINA website. a safer and cleaner industry. action and information relating to the detention of any RINA-classed ship. RINA-classed ships worldwide. had only one class-related detention in the last three years. by the US Coast Guard, with a zero rating. statistics during the past year. measured against the total number of inspections has fallen from 3.35 per cent in 2000 to 1.83 percent in 2001. detentions. classed ships.
Costa Mediterranea Awarded RINA Green Star
The Costa Mediterranea, which was delivered to Costa Crociere by Kvaerner Masa-Yards yesteday, has become the latest state-of-the-art cruise ship to be awarded the Green Star logo by Italian classification society RINA. The 85,700 gt newbuilding was awarded the Green Star notation, a dedicated environmental standard for shipping. The 2,114-passenger vessel, which is built to RINA class, is a sistership to the Costa Atlantica (delivered in 2000), which was the first ship ever awarded the RINA Green Star. Other sisterships are the Carnival Spirit (delivered 2001), Carnival Pride (2001), and Carnival Legend (2002). All meet RINA's high voluntary standards of construction and operation to maximize environmental preservation.
Shipping Boosts RINA
with the shipping sector once again emerging as the main contributor. 2002. twelve-month period. slowdown in the international economy during 2002. gross tons. - of the fleet to the highest possible standards. tonnage when compared with the previous year. shipyards. area of high added value. revenues. schemes, in the process increasing its market share in Italy. including quality, environment, safety and social accountability. revenues. per cent of total sector revenue. training and in Research and Development initiatives. the highest standards of quality and safety. classification criteria to naval units.
ABS Withdraws From RINA Negotiations
Citing irreconcilable differences in the structuring of a proposed alliance between ABS and RINA, ABS has withdrawn from further negotiations with RINA. "It is our understanding that RINA and Bureau Veritas will sign a letter of intent to merge certain of their operations," said ABS Chairman and CEO Frank J. Iarossi. ABS and RINA had spent more than a year exploring possible ways of structuring an alliance that would have strengthened the services offered to RINA's core constituency of Italian shipowners. "Throughout, we always had the interests of the shipowners at the forefront of our discussions," added Iarossi. ABS has maintained an office and operations in Italy for almost 80 years, with current headquarters in Genoa.
RINA Testifies In International Erika Probe
Officials of Italian ship safety inspector RINA, which approved the tanker Erika as safe before it sank off France in December, testified to an international inquiry into the disaster, judicial sources said. French judges traveled to the northwest Italian city of Genoa to question RINA’s top five officials in the presence of an Italian magistrate. RINA officials were expected to give the judge all Erika’s classification documents to date and all the documentation connected to the vessel’s life. RINA officials maintain that they have no responsibility for the accident. RINA said last week an internal inquiry had shown the 25-year-old Maltese-flag tanker broke up as a result of cracking of its hull, which had a small structural failure or leak.
Marine Rebound Strengthens RINA Results
International engineering, testing, certification and classification group RINA has reported improved results for 2013. Its performance was strengthened by an upturn in marine activities and a drive to improve efficiency and drive down costs. RINA turnover for 2013 increased 4% to €294 million, while EBITDA was up 6% to €37.2 million. Ugo Salerno, RINA Chairman and CEO said, “Returning confidence in the global marine markets and a new management team which took on their responsibilities with enthusiasm at all levels meant the group exceeded expectations in 2013.
RINA Appoints New Board of Directors
Italian classification society RINA has appointed a new board of directors and chief executive. Chairman of RINA Spa, and Ugo Salerno will be CEO. The shareholders meeting, held on May 23, has also taken the opportunity to thank the Chairman Saverio Di Macco, the CEO Nicola Squassafichi and all the other Board members for the very good work done in the past three years. "RINA is a keystone of the Italian maritime cluster. shipping. the last few years. evolution and will go forward in good hands. lately, but we have emerged stronger and more focused. Board with strong shipping experience. Gianrenzo Prati; Carlo Stagnaro and Manfredo Zanardi.
RINA appoints new Board
and chief executive. Chairman of RINA Spa, and Ugo Salerno will be CEO. years. "RINA is a keystone of the Italian maritime cluster. shipping. the last few years. evolution and will go forward in good hands. lately, but we have emerged stronger and more focused. Board with strong shipping experience. Gianrenzo Prati; Carlo Stagnaro and Manfredo Zanardi. RINA recently reported strong growth for its 2001 financial year. year's Euro85.2m.
Bureau Veritas and RINA Suspend Alliance Discussions
French classification society Bureau Veritas and RINA, of Italy, have acknowledged that discussions concerning an alliance between the two IACS members have been suspended. structuring such an alliance but, in the process of concluding the deal, late difficulties arose concerning corporate governance and certain guarantees requested by RINA, which made the deal unfeasible as initially agreed, and which could not be accepted by Bureau Veritas as they were. Bureau Veritas was prepared to discuss an alternative structuring of the agreement, but this did not meet the strategic objectives of RINA, which therefore decided not to continue negotiations at the present time.
U.S. Coast Guard Commissions RINA
Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in Washington yesterday, by Rear Admiral Paul F.
RINA: Energy, Marine Propel Growth
International testing, inspection, certification and consulting engineering group RINA reports it has grown strongly during 2014, propelled by an upturn in marine, acquisition in the energy sector and international diversification. Turnover for 2014 grew 13 percent to Euro 333 million. EBITDA (adjusted) grew to Euro 37.7 million. Ugo Salerno, Chairman and CEO of RINA S.p.A., said, “2014 was an important year for RINA. We were not only able to seize opportunities for new business around the world such as major development projects in Egypt and Turkmenistan, but we were also able to take advantage of signs of recovery in shipping and opportunities in energy.
RINA Obtains Kazakhstan Recognition
RINA has been officially recognized as a competent and authorized authority to carry out classification and statutory services for ships registered under the Kazakhstan flag. The authorization was formalised in a recently signed agreement between the Ministry of Transport and Communications of the Republic of Kazakhstan and RINA Services SpA, the parent company of the Genoa-headquartered RINA Group. Under the terms of this agreement, RINA is authorised to classify and survey Kazakhstan-registered ships…
RINA celebrates ties with China
International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification. Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region. Today in Shanghai RINA CEO Ugo Salerno and Vincenzo De Luca…
RINA Appoints Business Development Manager
RINA Services S.p.A., the international Classification Society, announces that Ches K. King joined RINA USA Inc. as Business Development Manager. Based in the Seattle area, Ches will support the RINA Services marine and industrial clients in the North and Central American markets, as well as engage clients in the development of new advisory activities and services. Ches has been active in the marine industry in the Pacific North West, Central and Eastern Canada and the USA in general since 1981, and comes to RINA with a wide breath of experience in various market segments.
Tirrenia Takes Rina High Speed COMFORT
Italian ferry operator Tirrenia has been awarded Rina’s COMFORT class notation for two high speed ferries. The 1,800-passenger 43 knot Scorpio, and the recently built 2,700-passenger 29 knot Bithya, have been recognized by Italian classification society RINA as compliant with COMFORT Class. The certification has been awarded to the two ships following a comprehensive series of tests carried out during normal operations at sea. Scorpio serves the Civitavecchia to Olbia route and Bithya serves the Genova to Porto Torres route. At the end of the tests, the ships have been found compliant with the noise and vibration limits established by RINA to ensure an outstanding level of passenger comfort.
RINA backs Cruise Ship Safety Forum
RINA joined forces with leading cruise lines and shipyards as a founding member of the Cruise Ship Safety Forum. The Cruise Ship Safety Forum (CSSF) is a consortium of cruise ship operators, ship yards, classification societies, and the Cruise Lines International Association (CLIA) who have come together to advance cruise ship safety in a co-ordinated and focused manner. RINA is a member of the steering committee. Antonio Pingiori, head of the marine division of RINA says, “We are delighted to give our full support to this initiative which will improve safety for cruise ships. We have committed Claudio Abbate, who is responsible for our activities in North and Central America, to the CSSF and he will be given the resources to play a key role.
RINA Grows Through Diversification
both turnover and net returns for 2007. return growth of 25 per cent compared to the 2006 financial year. its international outreach in every business area. the needs of the market. expertise. administrations and businesses to develop workable standards. 21.5m gt. That was an increase of 8 per cent on 2006. came from newbuildings, which lowered the average age of the fleet. there were also significant transfers in of good modern tonnage. classification society in the world. now it has reached about 50 per cent of the present classed fleet. , , and . and the . Centre in . a local design support facility. At a meeting the Registro Italiano Navale…
RINA Closes Edif Group Acquisition
RINA S.p.A, the holding company of the multinational testing, inspection, certification and consulting engineering group based in Genoa, Italy, has announced that it has closed its acquisition of the entire share capital of Edif Group Limited for £118.5 million (around $156 million). High levels of synergy can be seen between Edif and RINA’s services, complementing and expanding RINA’s existing industry services and geographic network. This strategic acquisition also allows RINA to branch into new areas within its industries and geographies, providing an enhanced service offering to new and existing clients. This growth will provide extensive global coverage and strengthen RINA’s presence in key sectors, including defence, energy, transport, built environment and infrastructure.
RINA Recognized by Turkish Administration
Italian classification society RINA has been recognized by the Turkish Maritime Administration to carry out statutory activity on Turkish-flagged ships. Present in Istanbul since 1996, RINA today has a staff of thirty exclusive personnel with a local plan approval work force of seven. Most of the employees are native Turkish, including newly appointed head of RINA operations in Turkey, Fuat Cakmak. The move into 800 sq m new office space last September coincided with the start of the RINA Academy in Turkey. The RINA reception was attended by 220 people, including members of several delegations attending the IMO Maritime Safety Committee meeting which was being held in Istanbul for the first time.
RINA Acquires CSM Materials Technology Center
Growing Italian engineering, testing, inspection, certification and ship classification group RINA has bought the major shareholding in Italy’s leading center for innovation in materials technology, CSM. According to RINA, the move strengthens its expertise in specialized steel processes and products, especially for the energy sector and in innovative waste to energy conversion technologies. RINA CEO Ugo Salerno said, “Bringing CSM into RINA is part of our long-term growth strategy of developing and widening our specialist competence. CSM CEO Mauro Pontremoli said, “Joining RINA gives us the financial platform and market outreach we need to deliver our skills and knowledge globally.
RINA Continues Steady Growth
Italy-based classification-society RINA has reported continuing growth in both turnover and returns for 2008. Turnover for the 2008 year was $252.2m, up 17 per cent on 2007, and EBITDA was $41.2m, up 18 per cent on the 2007 financial year. Ugo Salerno, ceo of RINA said, "2008 was a year of careful scrutiny of our services and client base to ensure that we are doing the right things, for the world we live in, for our clients and for ourselves. It was also a year for consolidation and careful attention to detail within the group, to ensure that we are doing things right. We had to consolidate the companies acquired in 2007, control costs and work hard to get the right people with the right skills and the right management support into the right places around the world.
Genoa-based classification society RINA has rationalized its organizational structure in order to improve efficiency. In future all RINA-branded operations will be carried out through a new company, RINA Services Sp A. The holding company RINA Sp A will provide staff services and strategic direction and control all non-RINA-branded services. The reorganization follows the approval by the board of directors of the holding company, RINA Sp A., of the 2009-2011 Strategic Plan. This involves considerable new investments in development and the new structure will enable RINA to consolidate its recent rapid growth while strengthening the RINA brand in Italy and abroad.