SMI Newsdesk Archives

PMA ratifies Passenger Yacht Code of Red Ensign Group

The Panama Maritime Authority (PMA) has announced that the Registry has ratified the Passenger Yacht Code (PYC) of the Red Ensign Group.

The Code prescribes standards of safety and pollution prevention which are appropriate to the size and type of yacht. The standards applied are either set by the relevant International Conventions or by equivalent standards where it is not reasonable or practicable for yachts to comply.

The idea for Read More…

BSM Singapore relocates to new office to accommodate continued growth

More than 200 senior representatives from the global shipping community were present yesterday (Thursday) at the inauguration ceremony of the new Singapore offices of Bernhard Schulte Shipmanagement (BSM) in the Republic’s Central Business District.

To celebrate the opening of the new wholly-owned building, named ‘Bernhard Schulte House’, consisting of nine floors and a gross floor area of 41,806 square feet, Bernhard Schulte, Bernhard Schulte Shipmanagement (BSM) and MariApps Marine Solutions Read More…

Helm Operations joins Volaris Group

Marine operations software company Helm Operations has been acquired by Toronto-based Volaris Group. Volaris specialises in strengthening and growing technology companies and is a leader in the marine software space.

Founded in 1999, Helm Operations is widely known as the leading developer of marine operations software for the workboat market. Following an acquisition by ClassNK in 2014, the company released its newest platform, Helm CONNECT, in 2016, achieving tremendous growth Read More…

Harwich International welcomes Polar Research Ships

Hutchison Ports Harwich International has become a new base for the British Antarctic Survey’s two ice-strengthened Royal Research Ships, the RRS James Clark Ross (pictured) and the RRS Ernest Shackleton.

The two ships are making their inaugural calls at the port in September before deploying to the Antarctic, where they will remain until summer 2019.

Commenting on the calls, Mark Seaman, Finance Director, Hutchison Ports (UK), said: “Harwich International is Read More…

Kongsberg Digital on course to deliver an extensive simulator package to LNG fleet owner/operator GasLog

Kongsberg Digital (KDI) and GasLog have agreed on the terms of a contract through which KDI will deliver a comprehensive LNG simulator package designed to enable new levels of safety and operational training for GasLog’s professional crews.

GasLog, an international owner, operator and manager of LNG carriers, operates 27 LNG vessels through its subsidiary, GasLog LNG Services and seven ships currently on order. The KDI contract represents a major commitment Read More…

Richard Turner elected President of IUMI

Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI).

In accordance with the Articles of Association, IUMI’s Council formally elected Richard at their annual meeting which was held today, the final day of the IUMI annual conference in Cape Town. Richard, who has been closely associated with the global marine insurance market for 35 years, Read More…

GoodFuels Marine and BLOC announce world’s first bunker delivery using blockchain technology

GoodFuels Marine, the supplier of sustainable low carbon marine fuels, and blockchain technology and governance experts Blockchain Labs for Open Collaboration (BLOC), have successfully completed the world’s first bunker delivery and transaction using blockchain technology.

The delivery, made to a Samskip vessel via a Reinplus Vanwoerden bunker barge in Rotterdam on 7th September, represents a landmark moment for the shipping industry, which has traditionally been beset by quality and quantity Read More…

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI

Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income.

IUMI’s 2017 statistics showed global cargo premiums amounting to $16.1 billion. Globally, the cargo line has been unprofitable for several years with rising loss ratios and expense ratios and this is of great concern to underwriters.

Speaking at IUMI’s Read More…

Frank Coles appointed as new CEO for the Wallem Group

Former Inmarsat President Frank Coles has agreed to join Wallem as its new Chief Executive Officer.

Mr Coles brings with him a wealth of experience which spans across the sector and includes maritime law, shipping services and maritime communications. He will replace outgoing CEO Simon Doughty, who announced his decision to step down earlier this year. The handover will take place at the end of October.

Wallem Chairman Nigel Hill Read More…

Portugal joins WISTA International

The Women’s International Shipping & Trading Association (WISTA) continues to grow worldwide, welcoming Portugal to the global network of executive women in shipping.

The launch of WISTA Portugal was announced this week by Ana Paula Vitorino, Portugal’s Minister of the Sea at Portugal Shipping.  WISTA Portugal joins 44 other National WISTA Associations (NWAs).

“WISTA International has had a strong relationship with Portugal’s women in shipping,” said WISTA International President Despina Read More…

Freight association fumes over sulphur surcharge

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering.

It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1st January 2019, a full year ahead of the global sulphur cap on marine emissions Read More…

Naval Dome calls on insurers to revoke Clause CL 380

Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems.

Speaking in Cape Town, South Africa, today (Wednesday) during the International Union of Marine Insurance’s (IUMI) annual conference, Naval Dome CEO Itai Sela said that with the maritime industry increasingly moving towards connected, cloud-based technologies and autonomous operation, a 15-year-old Clause that excludes Read More…