Moore Stephens Survey Reveals Inconsistencies in Risk Management Application
95% of insurers who responded to a recent risk management survey conducted by leading insurance accountant and consultant Moore Stephens said they identified regulatory risk as the single biggest challenge facing them over the next two years - ahead of operational and financial risk. And 93% of responses from brokers placed regulatory risk at the top of the two-year agenda, ahead of strategic and financial risk. The Moore Stephens risk management survey showed that most firms were aware of the risk management requirements demanded by the regulators relative to their own businesses. Only 6% of respondents considered that they were not as informed as they should be about the requirements.
Update #38: Kulluk Anchor, Hull Inspected in ROV surveys
• Assessment of the Kulluk drilling vessel in Kiliuda Bay continues. Two remotely operated vehicle (ROV) surveys have been completed. The first was for the Kulluk’s anchor and chain. That survey revealed the anchor is firmly embedded with the chain buried near the anchor. No hard formations were found in the area surrounding the anchor. The second began an assessment of the Kulluk’s hull. • Further assessment of the situation regarding the four dislodged survival boats and the one dislodged rescue boat determined that the potential exists for the release of approximately 316 gallons of ultra low sulfur diesel fuel. To date there has been no confirmation of any release. If any fluids are identified to have been released on the shoreline, Unified Command will be prepared to mitigate.
Princess Cruises Publish Annual Relaxation Survey
Wakefield Research nationwide survey reveals generational divide over relaxation habits. The 2012 Princess Cruises Relaxation Report, commissioned in celebration of National Relaxation Day on Aug. 15, revealed that Boomers and their adult children's generation of Millennials have very different vacation habits, from social media vices to work-life balance, with the latter finding it more difficult to, or simply refusing to, truly disconnect while on holiday. The national survey found that Boomers (approximately 48-66 years of age) take their vacation time seriously, with more than one in three finding it impossible to go an entire vacation without doing anything work-related.
CrewInspector.com: Change Crew Management Software
CrewInspector.com an online crew management software provider conducted an online survey asking its corporate website visitors crewing agents, vessel owners and managers to answer question if they are happy with their current crewing software they utilize within their company. Survey results provide interesting pattern, more than sixty percent of surveyed revealed they are not satisfied with the software they currently use and are looking for a replacement extensively in order to ensure being in line with market trends and technological development in maritime sector.
Coast Guard Completes Investigation of Oil Spill
The Coast Guard has completed the investigation into the cause of the oil spill from the Greek tanker Athos I that occurred on the Delaware River on the evening of Nov. 26, 2004. Coast Guard investigators concluded that the vessel came in contact with a submerged anchor while maneuvering through Anchorage #9 enroute to its berth at the Citgo Asphalt Refining Facility in Paulsboro, N.J. The anchor punctured the vessel’s bottom plating in a ballast tank and a cargo tank, resulting in the release of nearly 264,000 gallons of crude oil. Following the incident, surveys of the river bottom in the vicinity of the casualty were conducted by the Army Corps of Engineers and commercial surveyors contracted by the vessel’s owner.
Coast Guard: Submerged Anchor Caused Spill
The Coast Guard has completed the investigation into the cause of the oil spill from the Greek tanker Athos I that occurred on the Delaware River on the evening of November 26, 2004. Coast Guard investigators concluded that the vessel came in contact with a submerged anchor while maneuvering through Anchorage #9 enroute to its berth at the Citgo Asphalt Refining Facility in Paulsboro, N.J. The anchor punctured the vessel’s bottom plating in a ballast tank and a cargo tank, resulting in the release of nearly 264,000 gallons of crude oil. Following the incident, surveys of the river bottom in the vicinity of the casualty were conducted by the Army Corps of Engineers and commercial surveyors contracted by the vessel’s owner.
Shipping Confidence Levels Hold Up Amid Glut
Overall confidence levels in the shipping industry have stabilised, according to the latest Shipping Confidence survey by shipping account and adviser Moore Stephens, although a sustainable recovery in the markets still appears to be some way off. And the depression in freight rates seems likely to persist amid continued concerns about the level of newbuildings set to enter the market over the next two years. On a scale of 1 to 10, the average confidence level expressed by respondents in November 2009 in the markets in which they operate was 5.7, the same as in the previous survey in August 2009, which itself was the highest level recorded for twelve months. But this is still significantly down on the 6.8 recorded in the first Moore Stephens survey, in May 2008.
Moore Stephens says Shipping Must Improve Risk Management
Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall, when compared to last year, in the overall level of satisfaction on the part of respondents that sound risk management had contributed to the success of their organisations. The involvement of senior management in managing risk at the highest level also declined against last year.
UK Shipping & Transport OMBs Confident of an Up-Swing
A survey by leading accountant Moore Stephens has revealed that over three-quarters of owner-managed businesses (OMBs) in the UK operating in the shipping and transport sector are confident about their prospects for 2016. The survey revealed that, despite facing a number of major challenges and risks, shipping and transport (S&T) OMBs were particularly focused this year on training staff, expanding their UK customer base, investing in new technology and pursuing cost-reduction initiatives.
Survey Reveals Barge Struck Submerged Platform
The National Oceanic and Atmospheric Administration completed a survey today revealing that the double-hulled tank barge DBL 152 struck a submerged platform on Nov. 10, while en route from Houston to Tampa, Fla. The platform gouged a 35-foot long by 6-foot wide hole in the barge's starboard bow, puncturing both hulls and damaging the number one cargo tank. The platform West Cameron 229A, owned by Targa Midstream Services Limited Partnership, was a non-producing platform used to support pipeline inspection and operation. It is normally above the surface of the water but was damaged and sank during Hurricane Rita. Following the storm the company located their platform and marked it with unlit buoys. Response crews began lightering the fuel from the double-hulled tank barge DBL 152. At 4 p.m.
Survey: Majority Looking for Crew Management Software
CrewInspector.com crewing software provider conducted an online survey asking companies, which are currently searching the market for a new software, to answer the question “Why they are looking for crew management software”. Survey was conducted among participants from various industry sectors such as crew manning agents, crew recruitment agencies, ship management companies and others involved in crew management operations. Seventy percent (70%) having various reasoning revealed…
SHIPPINGInsight 2015 Set for October 13-14
SHIPPINGInsight 2015 to take place October 13-14 in Stamford, Conn. The annual technical symposium, exhibition and networking event for maritime industry professionals in North America, SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, will take place Oct. 13-14, 2015, in Stamford, Conn. “Now entering its fourth year, SHIPPINGInsight is the one event on the maritime calendar you can’t afford to miss,” said conference co-director Frank Soccoli. “It’s your opportunity to learn from experts and network with your peers. “SHIPPINGInsight has grown steadily in size and stature since the first conference in 2012,” said conference co-director Jim Rhodes.
Oil Spill in James River
Coast Guard Marine Safety Office Hampton Roads is responding to a report of a diesel fuel spill from the tank barge VB 53 on the upper James River below Richmond. The spill was reported to the Coast Guard National Response Center at 11:41 a.m. on Sunday, May 8, 2005. The barge was being pushed south on the James River in an area known as Kingsland Reach, about 2 miles northwest of the Interstate 295 bridge, when it sustained damage to two cargo tanks. The barge is presently aground and has a port list. The owners have submitted a lightering and salvage plan to the Coast Guard for approval. The amount of diesel fuel spilled has not been determined. The barge is surrounded by oil containment boom and other booms have been deployed upstream and downstream to limit the spread of the oil.
Seven Foreign Ships Detained in U.K. in April
The Maritime & Coastguard Agency (MCA) announced that seven foreign ships were under detention in U.K. ports during April 2002 after failing port state control safety inspection. Latest monthly figures show that four foreign ships were detained in UK ports during April 2002 along with 3 other ships still under detention from previous months. The overall rate of detentions compared with inspections carried out over the last 12 months is 6.4 percent which is a decrease of 0.2 percent on the 12-month rate to March. All the vessels detained in April were registered with flags targeted by the Paris MOU. In addition to those vessels detained…
Response to Grounding of Clipper Lasco
The U. S. Coast Guard continues to coordinate the response to the grounding of the 645-ft. cargo ship Clipper Lasco just west of the designated anchorage area off Fort Lauderdale Beach, Fla. The vessel remains aground this evening as members of the unified command work to ensure that planned salvage operations do not cause further disruption to the ocean floor, are conducted as safely as possible, provide adequate resources for any contingencies that could arise and mitigate the risk of damaging the ship. Divers from Resolve Marine Group, the salvor contracted by representatives for the Clipper Lasco, surveyed the ship's hull and the ocean bottom. The survey revealed that the vessel did impact the reef and some coral.
MarTID: The Global Maritime Training Survey
In a coming edition of Maritime Reporter & Engineering News, we explore modern training and “blended learning” techniques with Murray Goldberg, CEO of Marine Learning Systems, maker of MarineLMS. A researcher and developer of learning management systems, Goldberg’s software has been used by millions of people and companies worldwide. Here Goldberg explains the scope and important of a historic new annual survey, The Maritime Training and Insights Database (MarTID) (www.martid.org/survey).
Vessel Operating Costs on the Rise -Moore Stephens
Vessel operating costs are expected to rise in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are likely to rise by 2.1 percent in 2017 and by 2.4 percent in 2018.
Ship Operating Costs to Increase for 2017 and 2018
Vessel operating costs are expected to rise in both 2017 and 2018, according to Moore Stephens' survey. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are likely to rise by 2.1% in 2017 and by 2.4% in 2018.
Asian Maritime Sector Ready for More VSAT
A Marlink commissioned survey of Asian ship owners has confirmed that many shipping companies are ready to embrace the increased capacity and greater data usage enabled by maritime VSAT. Marlink initiated the survey to further deepen its understanding of the Asian markets, align its service development roadmap and ensure the specific needs of Asian customers are met with flexible, cost-effective and innovative new communication services. A key finding of the survey showed that…
NPREP: Pre-Exercise Public Outreach Events
LOS ANGELES — The Coast Guard announces its National Preparedness Response Exercise Program (NPREP) pre-exercise Public Outreach events to be held Sept. 13, 2011 in Ventura, Calif., free of charge. Government and Industry experts will be facilitating seminars on three topics of interest: Deepwater Horizon Response, Oiled Wildlife Care Network, and Sensitive Sites Strategy, from 5 p.m. until 8 p.m. Static displays such as communications trailers, a HASS-like boat, Patch technology for vessels, off-shore deployment of a Vessel of Opportunity Skimming System (VOSS) from Coast Guard Cutter George Cobb, and others, will be available for viewing from 2 p.m. until 6 p.m. The seminars and displays will be held at Robert J.
Greek Shipping Firms to Move Out?
Roughly one in two Greek shipping companies (56 percent) would consider relocating their administrative bases abroad, according to the findings of an Ernst & Young study. The results of the study titled “Repositioning Greece as a Global Maritime Capital” warn of a possible exodus by the country’s shipping enterprises at a time when global maritime centers are interested in attracting Greek shipowners. The Greek shipping industry has weathered the storm and the Greek-owned fleet…
Big Ship Slow Steaming: How Prevalent is It?
Much has been heard, said and read regarding the advent of Slow Steaming in the global maritime industry. But in reality, how prevalent is the practice? MAN PrimeServ set out recently to find some answers. Being a market leader with the lion’s share of big ship main propulsion installations has its benefits, particularly when seeking answers on operational trends from the world’s leading vessel owners and operators. The engines in the world fleet today were built to run constantly at full load…
Shipping Confidence, Newbuilding Glut
Overall confidence levels in the shipping industry have shown a slight improvement over the past three months, according to the latest Shipping Confidence Survey from international accountant and shipping consultant Moore Stephens. But there are high levels of concern about the harmful effects of the glut of newbuildings that will continue coming onto the market over the next year. The average confidence level expressed by respondents, on a scale of 1 to 10, was 5.5, compared to 5.4 in the previous survey in February 2009. Owners, managers and charterers all exhibited a small increase in confidence in connection with the shipping markets in which they operate. Confidence among brokers, meanwhile, was marginally down, and the lowest among all categories of respondent.