SMI Newsdesk Archives

Concern over trade wars impacts shipping confidence

Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.

The average confidence level in the three months to May 2019 was 6.1 out of a possible maximum of 10.0. This is slightly down on the figure of 6.2 recorded Read More…

Sailors’ Society announces new Director General

International maritime charity Sailors’ Society is welcoming a “dynamic and effective leader” as its new Director General.

Prasanta Roy, who has 25 years of experience in leadership and governance within the banking and finance industry, is stepping down as a trustee of the charity to take the key role.

Sandra Welch, previously the Society’s deputy CEO and director of programme, has been promoted to Chief Operating Officer. She will continue Read More…

ICS to push for rapid action on further CO2 reduction by international shipping

Representatives of the world’s national shipowners’ associations met last week to review the priorities of the global shipowners’ association, the International Chamber of Shipping (ICS).

The ICS Annual General Meeting was overshadowed by the attacks against two oil tankers in the Gulf of Oman and the very serious threat this presents to the lives of seafarers and maritime trade.

ICS agreed a suite of actions in support of the UN Read More…

Lloyd’s Register in maritime drive for sustainable financing principles

Eleven major shipping banks, supported by a number of industry strategic partners including Lloyd’s Register (LR), will launch the Poseidon Principles – a pioneering set of principles that will integrate climate considerations into lending decisions in line with IMO’s Greenhouse Gas (GHG) strategy.

Poseidon Principles will give owners and operators more opportunity and freedom to explore different technologies and projects to decarbonise, knowing there will be financial incentives to support Read More…

The Swedish Club closes its 2019 AGM on a high note

The Swedish Club welcomed members from around the world to its 147th AGM held in Gothenburg last week. More than 250 member representatives and business associates joined the Club to share in the combination of business and Swedish hospitality that makes the Club’s AGM such a unique event.

The Guest of Honour this year was Andrew Bardot, attending one of his final events as Executive Officer of the International Group Read More…

More big hitters join LISW19 Conference line-up

High profile speakers from Government and industry have committed to speak at the headline conference of this year’s London International Shipping Week 2019 (9th to 13th September).

Taking a global perspective on the shipping industry, the overarching conference theme is International Trade in a Changing World. With world markets adapting to new political regimes, the opening discussion will question whether current rhetoric matches reality.

Frank Chan Fan JP, Secretary for Read More…

Palau welcomes the world of shortsea shipping to Greece

Panos Kirnidis, CEO of Palau International Ship Registry (PISR) was one of the first speakers to welcome shortsea shipping experts, owners, charters and sector professionals to the 2019 Shortsea Shipping Day at the Piraeus Yacht Club in Greece yesterday (Thursday).

As the lead sponsor for the event, organised with among others the European Shortsea Network and the Hellenic Short Sea Shipowners Association (HSSA), Mr Kirnidis stressed the importance of short Read More…

World Maritime University President to speak at East Med Maritime Conference 2019

World Maritime University (WMU), the maritime university serving the global maritime community, will participate in the upcoming East Med Maritime Conference EMMC 2019, taking place on 19th and 20th June in Beirut, Lebanon.

Dr Cleopatra Doumbia-Henry, President of WMU, told Robban Assafina magazine that she views WMU’s participation in this event as an important opportunity to nurture the University’s outreach to Lebanon and the Eastern Mediterranean region.

Citing the position Read More…

International Chamber of Shipping expresses concern over tanker attacks

The Board of the International Chamber of Shipping (ICS) has expressed concern at the serious incidents involving the Marshall Islands-flagged ship Front Altair and the Panama-flagged Kokuka Courageous, in the Gulf of Oman. Addressing the issue at the ICS Annual General Meeting in the Faroe Islands, the Board has expressed the international shipping industry’s alarm at recent incidents in the region affecting ships and their crews.

“This suspected attack is Read More…

BIMCO urges nations to co-operate after new Hormuz attacks

BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13th June.

The attacks occurred just east of the Strait of Hormuz, involving a Marshall Island flagged ship and a Panama flagged ship.

“We strongly call for nations to do what they can to de-escalate tensions and ensure the safe passage of merchant shipping in Read More…

London P&I Club’s capital position remains strong despite heavy cost of claims

The London P&I Club has issued an advance summary of its result for the 2018/2019 financial year, ahead of the publication of its annual report.

With free reserves of $168.8m, the club’s capital position remains strong, despite an overall deficit for the financial year of $25.8m. Net earned premiums increased by 3.3% but there was an  increase in the cost of claims, which included two International Group Pool claims involving Read More…

Nor-Shipping 2019 sets new records

Organisers have revealed that the latest Nor-Shipping was the most successful ever, with a record number of delegates attending the Lillestrøm-based exhibition halls and associated activities in Oslo. In all, almost 50,000 people participated in Nor-Shipping 2019 official events between 3rd and 7th June – a 34% increase over 2017 figures.

Although Nor-Shipping has been operating for the past 54 years, this was the first time organisers extended its remit Read More…