Largest open ocean clean-up takes place with sponsorship challenge launched for phase two

Mission Resolve Foundation announced it has gifted Ocean … >>

Singapore Digital Debate

Singapore Digital Debate May 27th, … >>

Covid-19 impacts ability to properly debate dry bulk sector quality scheme

INTERCARGO tells SMI the time is not yet right to launch a … >>

SMI Newsdesk

WFW advises TUIC on financing and implementation of US$1.3bn acquisition of HL Cruises

Watson Farley & has advised TUI Cruises GmbH (TUIC) on the financing and implementation of its acquisition of Hapag-Lloyd Cruises (HL Cruises) from TUI AG for US$1.3bn, excluding net debt. The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL … Read More...

Governments pledge action for seafarers at crucial crew change summit

IMO Secretary-General Kitack Lim has welcomed the commitment of 12 countries to facilitate crew changes and achieve  key worker designation for seafarers, following a virtual ministerial summit hosted by the UK Government on 9 July. This step represents significant progress to help resolve a growing crisis facing the maritime industry, and enable hundreds of thousands … Read More...

American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance

ABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on safety and risk management, and American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) have joined forces to provide education, training and insurance guidance that address maritime cyber security. As digital transformation in the maritime industry brings … Read More...

Gibdock services Shearwater survey vessels in testing times

Mediterranean shiprepair facility Gibdock is overcoming the challenges posed by the current global health crisis, completing an extensive two-vessel drydocking and maintenance project for returning customer Shearwater GeoServices. The Gibraltar-based repair and conversion specialist worked on the seismic research vessels Oceanic Sirius, drydocked for 14 days in … Read More...

New international commitment to improve seafarers’ rights

Seafarers will get enhanced rights as key workers following a joint commitment made at yesterday’s  International Maritime Summit. Representatives from over a dozen countries including Norway, Denmark, Indonesia, Saudi Arabia, United Arab Emirates, Greece, Philippines and the US attended the summit. They agreed to new international measures to open up foreign … Read More...

AHHIC records ‘outstanding’ underwriting performance in first half of 2020

American Hellenic Hull Insurance Company (AHHIC) recorded outstanding underwriting performance during the first half of 2020, amidst a challenging global environment mainly due to the Covid-19 pandemic. The company’s success derives from the timely and well executed implementation of its Business Continuity Plan, as well as the recognition of AHHIC as one of the … Read More...

Thomas Miller’s record results point to a bright future at its first virtual AGM

Thomas Miller, the international provider of market leading insurance and professional services, underlined its extremely robust financial position at its first virtual Annual General Meeting at the end of June. Attended by over 100 current and past employees, the board also announced Hugo Wynn-Williams will step down as Chairman of Thomas Miller Holdings in June … Read More...

North P&I Club Calls for Collective Action on Crew Repatriation

Leading International Group (IG) Protection and Indemnity member, North P&I has urged maritime stakeholders to seize the opportunity provided by a UK Government summit on July 9th to establish an international action plan to deal with the crew repatriation crisis resulting from COVID-19. Led by UK Maritime Minister Kelly Tolhurst, the virtual event is the first … Read More...

NCB calls for urgent reform to stem increasing number of container-related incidents

The National Cargo Bureau (NCB) – a US inspection body authorised to certify compliance with Dangerous Goods regulations – reports that a recent inspection initiative revealed an alarming number of containers carried by sea include misdeclared dangerous cargoes that represent a serious safety risk to crew, vessel and the environment. In a white paper published this … Read More...

Marshall Islands Registry scores top rankings by all three major Port State Control regimes

The Republic of the Marshall Islands (RMI) is ranked sixth on the white list of the Paris Memorandum of Understanding (MoU) Current Flag Performance List 2019. The Paris MoU’s “white, grey, and black (WGB) lists are based on the total number of inspections and detentions over a thee-year rolling period for flags with at least 30 inspections in the period.” This … Read More...

Genting Cruise Lines announces Explorer Dream as the first cruise ship to receive the CIP-M certification by global healthcare and classification body DNV GL; Setting new safety standards for the cruise industry

Genting Cruise Lines is pleased to announce that Dream Cruises’ Explorer Dream is the first cruise ship in the industry to receive the Certification in Infection Prevention for the Maritime industry (CIP-M) from the world’s leading classification society, DNV GL. The CIP-M certification of Explorer Dream is timely and in conjunction with Dream Cruises’ recent … Read More...

Operators could save millions by leveraging technology to identify unnecessary maintenance, according to new findings by LR

 Lloyd’s Register (LR), the specialist energy consultancy, has today released new findings revealing as much as 40% of maintenance work carried out by Floating Production Storage and Offloading (FPSO) vessel operators is unnecessary. By reducing these unwarranted manhours, operators could save on average almost £600,000 per asset each year, which is equivalent to £15m … Read More...

More Industry News