SMI Newsdesk Archives

Sulphur cap chaos in 2020 warn world’s ship owners

The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International Maritime Organization (IMO) urgently resolves some serious issues concerning the successful implementation of the 0.5 percent sulphur in marine fuel cap, which is scheduled to come into effect globally overnight on 1st January 2020.

Such chaos would have serious consequences for the movement of the world’s energy, raw materials and manufactured products – about 90% of Read More…

Ministry of Foreign Affairs of Japan and ReCAAP Information Sharing Centre jointly organise Capacity Building Executive Programme 2018 in Tokyo

The Ministry of Foreign Affairs of Japan (MOFA Japan) and the ReCAAP Information Sharing Centre (ISC), the first regional government-to-government agreement to promote and enhance cooperation against piracy and armed robbery against ships in Asia, have jointly launched the Capacity Building Executive Programme 2018 in Tokyo, Japan.

Building on the success of the inaugural edition in 2017 which was specially organised for ASEAN maritime regulatory and enforcement agencies on the Read More…

Eniram signs MoU to participate in Project Forward for developing new generation of bulk carriers

Eniram, a Wärtsilä company, has signed a Memorandum of Understanding (MoU) with Athens-based Arista Shipping to participate in the Project Forward initiative, which is led by Arista. The project has developed a dry bulk carrier vessel that features an unprecedented high level of energy efficiency. The carrier’s design is based on LNG fuelled propulsion. Eniram’s contribution will be to assist in the development of monitoring and optimisation tools.

The selection Read More…

2018 Financial Statements – Britannia declares another $20m capital distribution to Members

Britannia has released its 2018 Financial Statements which report another strong financial performance, with an aggregate $80.6m post-tax surplus for the year.

The Board approved a further $20m capital distribution, to be paid to P&I mutual Members with ships on risk as at midnight 15th May 2018.

In the past 18 months, Britannia’s Members have benefited from $61m (or 32.8% ETC) of deferred call waivers and capital distributions, as well Read More…

Canadian Coast Guard selects ABS for fleetwide contract

ABS has been awarded a contract by the Canadian Coast Guard to provide classification and certification services for an existing fleet of 114 vessels and future vessel acquisitions.

“Last year, ABS was selected as the exclusive classification organisation for all non-combatant vessels in service with the Royal Canadian Navy and now, we are expanding our class and certification services to the entire Canadian Coast Guard fleet,” said ABS Chairman, President Read More…

UAE commits to protecting seafarers in signing of historic memorandum with the ITF

The International Transport Workers’ Federation (ITF) and the United Arab Emirates (UAE) Federal Transport Authority (FTA) have signed a ground-breaking Memorandum of Understanding to work together to protect the rights of all seafarers operating in UAE waters.

On signing the memorandum at the International Maritime Organisation (IMO) in London, ITF general secretary Stephen Cotton said: “We at the ITF are committed to ensuring seafarers are protected all around the world. Read More…

UK ‘at risk’ of losing its global maritime reputation

As the countdown to the UK’s planned departure from the EU passes the one year mark, maritime trade union Nautilus International is warning that the nation’s maritime reputation could be at risk if the Government does not ensure essential EU legislation is retained after Brexit.

The Union, with 22,000 members, is seeking the support of political parties and the industry to do more ahead of the departure from the EU, Read More…

KR launches business continuity management certification service

Marking a first for the Korean maritime industry, Korean Register (KR) – an IACS member classification society – has awarded ISO 22301, an international standard for business continuity management systems to a shipmanagement company in Korea. STX Marine Service is the first company in the Korean maritime industry to apply for and successfully achieve the ISO 22301 certification.

A formal presentation took place at STX Marine Service’s headquarters in Busan, Read More…

How Northern Maritime Powerhouse can boost global trade to be debated at International Business Festival

The Northern Maritime Powerhouse, digitalisation in ports, coastal shipping and the importance of maritime clusters will all be debated by a high-quality line up of speakers at a major maritime conference being held next month as part of the International Business Festival in Liverpool.

The International Maritime Forum, organised by Shipping Innovation, creator of London International Shipping Week, is designed to spark lively debate among key ports, shippers and supply Read More…

Steamship Mutual releases financial update and 2018 renewal information

At their Board Meeting in London yesterday (15th May), the Directors of Steamship Mutual approved the Club’s Report and Accounts for the 2017/18 policy year.

Free reserves increased by $5.7 million to $516 million and the financial year combined ratio was 112.8% ­- or 102% excluding the return of premium credited in November 2017 – reflecting a higher level of retained and pool claims in the 2017/18 policy year.

For Read More…

Sailors’ Society announces expansion into China

The world’s oldest maritime welfare charity Sailors’ Society has announced an expansion into China, home to the largest number of seafarers globally.

The charity, which celebrates its 200th anniversary this year, is working with the support of Shanghai Maritime University to gain NGO status in China.

Sailors’ Society’s Chief Executive Stuart Rivers (pictured) and deputy CEO Sandra Welch are in China this week holding talks and identifying local partners to Read More…

Tenth batch of students receive Howe Yoon Chong PSA Scholarship

PSA International hosted the Howe Yoon Chong PSA Scholarship awards ceremony this afternoon (Wednesday), where 38 deserving students received their Scholarships.

PSA Group Chairman Fock Siew Wah was the Guest of Honour at the ceremony, and presented the students with their award certificates. This is the 10th batch of students receiving the HYC PSA Scholarships. Over the last 10 years, 196 students have now benefited from the HYC PSA Scholarships.

Read More…