SMI Newsdesk Archives

Global marine premiums up by 2% but challenges remain for marine underwriting, says IUMI

Against the positive backdrop of a benign claims environment in some sectors, IUMI’s statistics show an increasing mismatch between premium income, covered risk and claims costs. On a global average basis, buffers to cover extraordinary single or accumulation losses are non-existent.

Yesterday, IUMI – the International Union of Marine Insurance – presented its annual statistical report on the marine insurance market at this week’s annual conference in Cape Town. Whilst Read More…

Bernhard Schulte Shipmanagement launches a dedicated offshore division

Bernhard Schulte Shipmanagement (BSM) has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.

The dedicated expert team, comprising of technical and marine superintendents, crew managers and senior management members, will support owners and operators globally by providing integrated third-party ship management services specifically to the offshore market.

The services include technical management, crew management, newbuilding supervision, fleet maintenance and repair, Read More…

WE Tech Solutions brings its innovation to the first LNG dual-fuelled handysize bulk carrier in the world

Last month the first LNG dual-fueled handysize bulk carrier in the world – Haaga  – was delivered to her Finnish ship owner ESL Shipping from Jinling Shipyard in Nanjing, China.

The Finnish hybrid solutions company WE Tech equipped its innovative solutions in Haaga to reduce environmental footprint by minimising its energy consumption and emissions. The energy efficiency solutions, including Economical Operations and Boost Mode with the direct drive permanent magnet Read More…

IUMI proves concept for global large loss database

Speaking at this week’s IUMI (International Union of Maritime Insurance) conference in Cape Town, South Africa, Donald Harrell, Chair of IUMI’s Facts & Figures Committee, reported a successful conclusion to IUMI’s large loss database pilot project.

“For the past year, we have been running a project to understand if it is feasible for IUMI, through its member associations, to collect hull and cargo claims data for large losses. Once collected, Read More…

Research team works towards safer and more cost-effective crewing

At this year’s World Maritime Day on 27th September, the International Maritime Organization will celebrate its 70th birthday by addressing challenges in maritime transport in order to work towards continued growth in the industry.

One of these challenges is crewing, which affects not only the cost of transport – accounting for about 50% of the operational expenses onboard – but more importantly the safety and welfare of seafarers themselves. To Read More…

ICS launches free guidance on preparing for 2020 sulphur cap

To assist shipping companies prepare for implementation of the UN IMO global sulphur cap for ships’ fuel oil, the International Chamber of Shipping (ICS) has produced – free of charge – some comprehensive guidance on implementation planning, to help ensure compliance across the shipping industry with this regulatory game changer.

The free ICS guidance has been prepared for the vast majority of ships that will comply after 1 January 2020 Read More…

Spectacular Viking Jupiter naming ceremony to bring Nor-Shipping 2019 to a close

Nor-Shipping and Viking are promising visitors to Oslo a night to remember on 6th June 2019, with a spectacular naming ceremony party for Viking Jupiter. The 47,800 gt Fincantieri built vessel, the latest addition to Viking’s  growing fleet, will be celebrated with a public concert in front of Oslo’s imposing town hall, overlooking the city’s bustling harbour. The concert, which will be complimentary for all, will feature a range Read More…

The Maritime Standard reveals finalists for 2018 Awards

The full list of finalists for the fifth annual The Maritime Standard Awards, to be held on Monday, 15th October 2018, at the Atlantis, the Palm, Dubai, has been announced. Around 800 high level executives from the worlds of shipping, ports, shipbuilding and repair and other maritime sectors will attend the event, along with leading figures from governmental agencies and international industry bodies, to witness the presentation of these prestigious Read More…

UK Hydrographic Office appoints new Director of Customer Division

The UK Hydrographic Office (UKHO) has announced the appointment of Cathrine Armour as the new Director of its Customer Division.

Ms Armour brings experience in leading data, science and technology-centric organisations, and will be instrumental in developing the UKHO as a leading marine geospatial information agency and hydrographic office.

She joins the UKHO from Catapult’s South West Centre of Excellence in Satellite Applications, a partnership led by the University of Read More…

KVH pledges support to Maritime UK’s Women in Maritime campaign

KVH, a provider of maritime connectivity and content solutions, has pledged its support for Women in Maritime, an initiative of industry group Maritime UK. The Women in Maritime campaign aims to promote fairness, equality, and inclusion within the maritime sector, bringing together leaders from across the maritime sector to identify practical steps to increase the number of women in maritime, and crucially within senior roles across its shipping, ports, marine, Read More…

The Marshall Islands Registry recognizes Green Award ships

In support of quality shipping and promotion of high environmental standards, the RMI Registry has joined the Green Award scheme. Ships registered in the RMI and certified by Green Award will be granted a 30% discount on the annual marine services fee.

The news was announced on Tuesday at a festive welcome ceremony held in Athens. Green Award Chairman Captain Dimitrios Mattheou and Executive Director Jan Fransen presented a Green Read More…

GAC is first ship agent in UK to join Green Award Foundation

GAC is the first ship agency in the UK to evidence its commitment to the environment by signing up to the Green Award (GA) Foundation. Under the scheme, GA-certified ships that use GAC’s ship agency services at ports around the UK can claim a 10% discount on the company’s agency fees.

Green Award promotes best practices and elimination of sub-standard shipping to maritime organisations and companies on a voluntary basis. Read More…