Annet Koster New Director of KVNR
Association of Dutch Shipowners (KVNR) has appointed Annet Koster as its new director from 1 March 2018. Annet Koster will join the shipowners' association ass the face of the KVNR, will make a strong case for Dutch shipping, said the board chairmen Sibrand Hassing and Karin Orsel on 17 January during the New Year's reception of the association. "I especially want to get started to make Dutch shipping more broadly visible and to introduce people to this dynamic and traditional Dutch sector," says the brand new director.
Denmark is World's Sixth-Biggest Seafaring Nation
The Danish-controlled fleet is increasing. Taking the sixth place on the list of the world’s major shipping nations given as operated tonnage, Denmark has advanced one place. Already from early 2018, Danish shipping has a fair wind and has succeeded in advancing on the list of major shipping nations. This is demonstrated by the most recent overview from IHS Markit (Sea-web). At present, Danish shipping is undergoing positive developments. This is now directly deductible from the ranking list of the world’s major shipping nations.
FSL Trust Sells Vessel to Trim Debt
FSL Trust Management, as trusteemanager of First Ship Lease Trust (FSL Trust), announces that the Trust has sold its chemical tanker, FSL Tokyo, for a cash consideration of US$13.8 million. FSL Tokyo is a 2006, Japanese-built, 20,938 DWT chemical tanker that has been deployed in the spot market. The net proceeds from this Disposal will be applied in full to the outstanding loan facility in 1Q2018. FSL Trust will record a related impairment charge of approximately US$9.0 million in 4Q2017.
Norwegian Shipowners See Challenges Ahead
Falling oil prices, heightened geopolitical tensions and sluggish, uncertain growth in the global economy are directly impacting the maritime industry, causing Norwegian shipowners to be less optimistic than last year regarding both turnover and profitability, as the Norwegian Shipowners’ Association Outlook report for 2015 shows. “We have seen a marked negative shift in just a short time. 2015 will be a challenging year for Norwegian maritime companies, but we must be prepared for 2016 to be even more challenging,” stated Sturla Henriksen, CEO of the Norwegian Shipowners’ Association. Shipowners are far less optimistic than last year, anticipating growth in turnover of only 2.3 percent in 2015, up to NOK 268 billion, compared to 6 percent anticipated growth last year.
VIKING’s Top Safety Offerings at Nor-Shipping
Marine safety equipment leader VIKING Life-Saving Equipment will appear in force at Nor-Shipping 2015, displaying both innovative products and services that are proving popular with shipowners around the world. Few innovations in the safety equipment servicing arena have caught on as strongly as VIKING’s Shipowner Agreements. Based on the concept of fixed prices and centralized, single-source servicing for multi-brand safety equipment, these agreements have been rapidly adopted by forward-thinking shipowners across the globe.
Shipowner Not Liable for Acts of Amateur Chiropractor
The U.S. Court of Appeals for the Seventh Circuit ruled that a shipowner is not liable for the acts of a crewmember who is an amateur chiropractor. In the instant case, plaintiff crewman was severely injured when another crewmember twisted (tractioned) his neck without consent. The crewmember was an amateur chiropractor and was attempting, albeit unsuccessfully, to relieve perceived muscle ache. Plaintiff brought suit against the shipowner, alleging, among other things, vicarious liability and direct liability under the Jones Act. The court held that the shipowner is not vicariously liable because there was no evidence that the acts of the amateur chiropractor were within the scope of his employment (mate’s assistant).
Norwegian Shipowners Face Cash Crunch
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday. Since mid-2014, the price of crude has tumbled 66 percent, leading oil firms to cut investments to preserve cash and hence rent fewer drilling rigs, supply vessels, seismic ships and other equipment used in the search for oil and gas. In 2016, only 15 percent of the firms questioned by the association consider the access to capital as good…
Hvide New President of NSA
The annual General Assembly of The Norwegian Shipowners’ Association has today elected shipowner Johan G. Hvide, Seatrans DA in Bergen, as President for a two years period. Mr. Hvide was unanimously proposed and was elected by acclamation. Elisabeth Grieg from Grieg International AS in Oslo and Trygve Seglem from Knutsen OAS Shipping AS in Haugesund were elected Vice Presidents. President: Johan G. Kjell E.
S & P Credit Rating for Shipowners’ Club
Following a request by The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), as from 19 May 2017 AM Best will no longer provide a rating of the Club. This decision was taken by the Club in December 2016 following a review of the costs and benefits of maintaining two interactive ratings, coupled with a review of market practice and appetite for rating information. The Shipowners Board concluded that Members’ interests would be best served by having only one rating in future.
Recovery for European Shipowners?
European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly amid lower crude oil prices but some shipowners have been unable to take advantage of this because of the bunker clauses they agreed to. A bunker clause is an agreement between charterer and shipowner whereby the charterer pays for fuel at the port and then the shipowner reimburses the charterer for the fuel left in the vessel on its return…
NSA Applauds Government Plan For Shipowners
The Norwegian Shipowners Association (NSA), which for many years has bemoaned its government’s shipping policy, takes a positive view of a White Paper presented on April 2, 2004. According to NSA, For the first time in many years a government is proposing a new and dynamic shipping policy. The industry is pleased with the Government's ambitions to ensure European tax conditions for Norwegian shipowners, said Marianne Lie, Director General of the Norwegian Shipowners' Association.
Prominent Greek Shipowners Dies
Prominent Greek shipowner John Adamantios Hadjipateras died in Athens on Friday, the London-based Greek Shipping Co-operation Committee said. Hadjipateras, chairman of the committee for the past 18 years, died of heart failure at an Athens hospital at the age of 73. Hadjipateras had been in Greece to attend the twice-yearly meeting between directors of the committee and the Union of Greek Shipowners. That was due to be held on Tuesday but has been cancelled. In London Hadjipateras managed Hadjipateras Maritime Ltd and Pateras Shipbrokers. He was also the Union of Greek Shipowners representative at the International Shipping Federation since 1958, serving as vice-chairman in 1978.
Prominent Shipowner Dies
Prominent Greek shipowner John Adamantios Hadjipateras, chairman of the London-based Greek Shipping Cooperation Committee for the past 18 years, died of heart failure at an Athens hospital Sept. 17 at the age of 73. Hadjipateras had been in Greece to attend the twice-yearly meeting between directors of the committee and the Union of Greek Shipowners. The meeting was to be held on Sept. 21 but has been cancelled. Hadjipateras managed Hadjipateras Maritime Ltd and Pateras Shipbrokers in London. He was also the Union of Greek Shipowners representative at the International Shipping Federation since 1958, serving as vice-chairman in 1978.
Hiring Armed Guards Should be Left to Government
In the wake of an independent report recommending the Netherlands government to provide Dutch shipowners with better levels of protection against piracy, including the hiring of armed guards, Netherlands law firm AKD says that shipowners who directly hire armed personnel themselves could face criminal prosecution. The so-called De Wijckerslooth Committee report was designed to assess the desirability and possibility of deploying private sector armed security to help protect Dutch ships from the threat of attack by (mainly Somali) pirates. It recommends that the Dutch government moves towards a higher level of protection of its merchant fleet including, “if necessary”, the use of armed private security guards.
ICC: Beware Spurious Oil Fraud Claims
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own. Such scams were previously confined to West Africa, ICC said, but now appear to have spread to other countries, as a case reported recently to the ICC International Maritime Bureau (IMB) shows. It involves a vessel that trades regularly into the Arabian Gulf.
North P&I Club Advises Inclusion of Ebola-Specific Clauses
The 180 million GT, ‘A' rated North P&I Club is advising shipowner Members to take great care to protect the health of their crew members when calling at ebola-affected ports in west Africa. In the latest issue of its loss prevention newsletter Signals, it also recommends that shipowners incorporate ebola-specific clauses in their charterparties. According to head of loss prevention Tony Baker, ‘Members trading or being requested to trade to an ebola-affected area must consider both the health and commercial risks very carefully.
P&I Invests in Singapore Branch
P&I insurance provider, The Shipowners’ Club, continues to expand business in the Asia-Pacific region by investing in its Singapore branch. Growth in demand for its liability insurance cover for small and specialist vessels of all types is cited as a major imperative behind Shipowners’ moves to expand its team of underwriters and claims handlers at its Singapore branch. Improved customer service to members and their brokers based on local, time-zone-based expertise is another goal of the expansion, as is the development of new products and simplification of existing cover. Robert Hunt will moving from the London branch to Singapore in early-August.
Maritime Safety Committee Releases New Interim Guidance
Gray Page, a maritime intelligence, investigation and crisis management company, advised that the IMO's Maritime Safety Committee’s (MSC) recently-approved interim guidance on the employment of privately-contracted armed security personnel (PCASP) to combat piracy underlines the requirement for independent vetting of private armed maritime security providers (AMSP). The MSC guidance, issued in May, incorporates recommendations for flag States confirming that it is the responsibility of individual flag States to ordain the carriage of security personnel and their firearms onboard ships sailing under their flags. Further interim guidance for shipowners, ship operators and shipmasters, seeks to address the difficulties faced in selecting an appropriate provider of armed security services.
Denmark's New User-friendly Maritime Authority
Each shipowner is connected with a permanent team of ship surveyors with in-depth knowledge of that company & its special needs. The arrangement was established on the basis of a request from the industry and has since May 2012 been running as an experiment. But due to the positive evaluations, the Danish Maritime Authority decided to make the arrangement permanent. In addition to offering shipowners improved and more efficient service, the intention is to make it easier for new shipowners to set up business in Denmark or to transfer ships to the Danish flag.
Straightforward Safety from Schat-Harding
hooks and winches for any shipowner. designated by the shipowner. It is a new and unique service agreement. engineers authorised by the Original Equipment Manufacturer. with mixed equipment this is a particular problem. maintained equipment. status of their equipment online through the SHIELD database. system for lifeboats, davits and associated equipment. the life of the vessel. authorized by the Original Equipment Manufacturer. right parts, by the right people, on time.
DNV GL Launches LNG Fuel Finder
Just in time for Nor-Shipping, DNV GL will launch the LNG Fuel Finder - a new tool on its LNG business intelligence portal LNGi. The new LNG Fuel Finder service will allow shipowners and charterers to register their interest in using LNG as a ship fuel free of charge, connecting them directly with LNG suppliers. DNV GL has also introduced the option of signing up to a new lean version, where interested parties can access some of LNGi’s services and data free of charge. The question…
Being LNG Ready could be the Best Option for Many Ships
DNV now offers shipowners the support they need to make newbuilds and existing vessels LNG ready with class approved designs, ready for later, simple retrofit of LNG technology. The service enables shipowners to make smart choices and minimal investments now in readiness for when LNG bunkering becomes widely available. Shipowners are supported through all stages of the decision-making process as they prepare to meet the IMO air emission regulations entering into force from 2015.
ICS: Oil Pollution Compensation Regime under Threat
The running of the global regime for compensation from oil pollution from ships may be under threat, due to a decision by governments to wind up the 1971 International Oil Pollution Compensation Fund (IOPCF), says the International Chamber of Shipping (ICS), the global trade association for shipowners. At next week’s IOPCF meeting in London, ICS, in conjunction with BIMCO and Intertanko, will argue that it is premature to wind up the 1971 Fund when there are still outstanding claims not covered by the current 1992 Fund.