SMI Newsdesk Archives

Wallem’s commercial services expand to Europe

Wallem has returned to the financial heart of London, with Stephen Walker establishing the Commercial Services arm of Wallem Group in Europe.

He has joined Wallem after 10 years at the Structured Finance Division of the Royal Bank of Scotland. During the 1990s he worked in Germany with ship finance house Hansa Treuhand AG & Co. in Hamburg.

Mr Walker will be working closely with Richard Trythall and Michael Read More…

Major shipping companies fight Norwegian taxes in court

BW Gas and Farstad Shipping, two of the world’s major shipping companies, have commenced their court cases against the Norwegian Government’s demand for $2.3bn back-tax which is hammering the industry and damaging its flag reputation.

Imposed in 2007, the tonnage tax scheme has imposed an additional $2.3bn in back taxes on undisputed profits retained by shipping companies over numerous years, and Norwegian companies are seeking to reverse the back tax Read More…

First ever Grounding Avoidance System installed on BP vessel

Drydocks World-Dubai, subsidiary of Drydocks World, has created a revolutionary benchmark for the shipping industry with the first ever instalment of a new advanced Grounding Avoidance System on the 46,803 tonne oil tanker, British Tenacity, for BP Shipping.

Developed by Marine Electronics Ltd in conjunction with BP Shipping, the trial instalment of the Grounding Avoidance System consists of a three-dimensional, forward-looking sonar system that helps identify obstacles anywhere in Read More…

A jumbo vision at the Port of Montreal

The Bickerdike Basin at the Port of Montreal played theatrical host to an operational extravaganza as it witnessed the transhipment of a 784 tonne vacuum tower measuring 50.6 metres long, 16.8 metres wide and 13 metres in diameter – the largest ever piece of equipment to transit through the port.

This monumental piece of equipment, used by the oil industry to process crude oil, was loaded in Spain onto Read More…

The Chamber of Shipping hits back at Government slam on shipping industry emissions

In response to an attack on the UK shipping industry’s failure to address its climate change emissions from the House of Commons Environmental Audit Committee, the Chamber of Shipping has shunned the accusations as “unfounded,” writes Amy Kilpin.

With claims that the International Maritime Organisation has acted irresponsibly in the industry’s inaction against emissions and that it “is not fit for purpose” in its governing role, a defiant uproar Read More…

Bernard Schulte Shipmanagement raises €26,350 for cancer-sick children

In its dedication to charitable causes, Bernard Schulte Shipmanagement has extended the wing of opportunity to children affected by cancer by organising a 10km charity walk in aid of the “Make a Wish” Foundation.

Raising a total of €26,350 in donations to the fund, the event was held on 30th May in Limassol, Cyrpus and saw a hoard of committed charity-goers emblazoned with the slogan “BSM to make a Read More…

Scottish vessel awarded ‘Green Passport’

Caledonian Maritime Assets Limited’s passenger and vehicle ferry Canna has become one of the first ships in the world to receive an Inventory of Hazardous Materials (IHM) in accordance with the requirements of the new Ship Recycling Convention.

Underlining its commitment to environmental standards, the vessel has been issued with a Lloyd’s Register ‘Green Passport’, officially termed an IHM, followed by a training workshop for CMAL staff alongside a Read More…

Economou backs $300m Green Recycling Initiative

George Economou and broking house Banchero and Costa Spa have both invested in the Green Recycling Initiative launched two weeks ago. The $300m GRI aims to integrate the needs of steel producers to be able to produce ethically sourced steel from traceable scrap and the needs of shipowners to recycle ships in a more environmentally friendly manner.

The launch investors were Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management. The Read More…

SAMTRA hone up pilot training with new STCW compliant course

Tackling the crucial human factors involved in vessel operation, SAMTRA has launched its first Bridge Resource Management for Pilots course to focus specifically on the competency and performance of the pilot on the bridge.

Complying with new regulations and developed in accordance with the STCW 95 convention, IMO Resolution 960 and USCG Code of Federal Regulations, the three-day course incorporates use of simulator exercises in the effective use of integrated Read More…

Stratos deploys crew comms on 100 MISC Berhad vessels

Stratos Global Corporation is to provide a customised and cost-effective crew-communications solution for MISC Berhad’s entire fleet of more than 100 merchant vessels.

Underlining the importance to maintain crew numbers by providing them with the capacity to communicate remotely onboard their vessels, the AmosConnect Crew communications solution is part of MISC’s “We Care” crew-retention program.

The service complies with the latest ITF recommendation in providing MISC crewmembers with cards to Read More…

First ballast water treatment for tankers

In the first move for ballast water treatment for the tanker sector, Alfa Laval’s chemical-free ballast water treatment, PureBallast, is to be installed on two new bitumen tankers for petroleum product supplier Nynas.

One of Europe’s leading suppliers of bitumen, Nynas’ two petroleum tankers are to be built at China’s Wuhan Nanhua Huanggang Jiangbei Shipyard, scheduled for delivery in 2010, and will pave the future for ballast water Read More…

Stealth Maritime takes delivery of three newbuildings

Harry Vafias controlled Stealth Maritime has announced three more newbuildings to its managed fleet.

They are the Stealth Chios which is a 114,000 dwt Greek-flagged crude aframax which was delivered this week from the New Times shipyard and which starts a five year charter to a US-based charterer.

Secondly the Marshall Islands-registered Gas Astrid, a 3,500 cbm pressurized LPG carrier was delivered last month from Kanrei shipyard in Read More…