SMI Newsdesk Archives

InterManager highlights importance of GDPR

New European regulations covering the processing and collection of personal data come into force in May next year and shipmanagement companies based in Europe and outside could face fines of up to €20 million or 4% of annual global turnover, whichever is the higher, in the event of a serious breach of the regulation.

A serious warning to the industry, which is why InterManager has earmarked the General Data Protection Read More…

S&P Global ratings affirms Britannia P&I’s ratings at ‘A’ (stable) while enhancing its liquidity rating to ‘exceptional’

S&P Global Ratings, the independent credit ratings provider, has affirmed its ‘A’ long-term financial strength (‘AAA’ capital) and counterparty credit ratings on the Britannia P&I Club.

It added that the outlook remains stable based on the expectation that Britannia’s capital adequacy will remain at a level consistent with S&P’s ‘AAA’ benchmark.

The Club’s stronger balance sheet also led it to revise its assessment of Britannia’s liquidity from ‘strong’ to ‘exceptional’.

Read More…

MISC releases its 2016 sustainability report

MISC Berhad (MISC) today announced its five-year Sustainability Strategy through the release of its 2016 Sustainability Report, highlighting the Group’s sustainability performance across a series of Economic, Social and Environmental (ESG) performance indicators over the 2016 financial year and an analysis of the Group’s response to issues that are most important.

MISC believes in the importance for the maritime industry to embrace the future of sustainable shipping whereby shipping companies Read More…

Epic Gas announces interim results

Epic Gas today announced its unaudited financial and operating results for the interim period ended June 30, 2017.

Second Quarter 2017 highlights show 3,731 calendar days, up 8% year over year; revenue of $33.9 million, up 4% year over year; time charter equivalent revenues of $8,022 per vessel calendar day, down 2% year over year; general and administrative expenses of $1,049 per vessel calendar day, down 5% year over year; Read More…

AkzoNobel supports Vine Trust medical ship set to transform thousands of lives

People living in remote and isolated Amazonian communities will now have access to primary healthcare, thanks to the support of a medical ship operated by Vine Trust and restored using coatings from AkzoNobel.

Vine Trust’s new vessel, Forth Hope, is expected to deliver more than two million medical consultations over the next 20 years to isolated communities on the Peruvian Amazon. Outfitted with dental facilities, an operating theatre, consultation rooms Read More…

Norton Rose Fulbright announces third Marshall Islands qualified attorney

Global law firm Norton Rose Fulbright has announced that partner and head of shipping for North Asia, Jonathan Silver, has been sworn in as a member of the Marshall Islands Bar.

Mr Silver is Norton Rose Fulbright’s third Marshall Islands qualified attorney, joining New York partner Brian Devine who was admitted to practise Marshall Islands law in 2016 and Singapore of counsel, Sung-Hwan ‘SD’ Choi who was also admitted to Read More…

BIMCO eLearning dramatically refreshed

BIMCO – the world’s largest shipping association – has launched the first of a range of updated eLearning courses tailored to meet shipping professionals’ needs, using the very latest content authoring technology and platform.

The first short documentary course is NYPE, which is based on one of the most popular individual contracts available through BIMCO, and only takes an hour.  The other two courses, one covers Time Chartering and the Read More…

New global project to address bioinvasions via ships’ hulls

A new global project to help protect marine ecosystems from the negative effects of invasive aquatic species has been given the go-ahead for preparation.

The GloFouling Partnerships project – a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and the International Maritime Organization (IMO) – will address the transfer of aquatic species through biofouling, in other words, the build-up of aquatic organisms on a ship’s Read More…

Norsafe secures its largest ever offshore LSA contract

Norsafe has secured its largest ever offshore contract to supply lifesaving appliances to ENI’s Coral South floating LNG (FLNG) facility located in Area 4, approximately 50 km from the Mozambique coast.

The order is to deliver eight freefall systems containing five GES 50 MKIII with HD-50 davits and three GES 45 with HD-45 davits, to the FLNG facility under construction by Samsung Heavy Industries. The davits will be delivered in Read More…

ICS publishes new Personal Training and Service Record Book for seafarers

The International Chamber of Shipping (ICS) has published a new edition of its widely used Personal Training and Service Record Book, to help qualified seafarers and their employers maintain a comprehensive record of training and seagoing service.

“Good record keeping of training and seagoing experience is essential to support a seafarer’s career at sea, and it is vital that shipping companies and seafarers are able to use a standard international Read More…

Indian Register of Shipping gains major recognitions from US Coast Guard and European Union

Classification society Indian Register of Shipping (IRClass) has gained important recognition from US Coast Guard as well as European Union.

Hot on the heels of its accreditation for EU MRV services from RvA (an EU notified body), Indian Register of Shipping has been recommended authorisation as a ‘Recognised Organisation’ to undertake statutory surveys and certification on behalf of US Coast Guard. Having received recognition from European Union in August 2016, Read More…

Multraship strengthens Black Sea presence with Multratug switch to Bourgas

Towage and salvage specialist Multraship is further strengthening its prominent position in the Black Sea region by transferring its state-of-the-art Damen-built tugboat Multratug 26 to the Bulgarian port of Bourgas for operation by its 100% owned subsidiary, Bourgas Tug Service.

Pepijn Nuijten, joint Managing Director of Multraship, said: “Multraship believes very strongly in the strategic importance of the Black Sea region, and its prospects for commercial and economic growth. It Read More…