SMI Newsdesk Archives

Dubai’s GulfNav set to expand fleet

Dubai’s Gulf Navigation Holding, the sole maritime and shipping company listed on the Dubai Financial Market, has revealed its plans to rigorously expand its fleet of ships in 2010, grasping the opportunity to acquire tonnage while values are low.

The company has announced that it is in the process of purchasing four new tankers, and with 12 ships currently in operation in the crude oil and petrochemicals fields, GulfNav Read More…

Stolt-Nielsen suffers losses

Oslo-listed Stolt-Nielsen S.A. has revealed that it suffered financial losses for the fourth quarter and the full year of 2009 due to the continued squeeze on freight rates and increased competition, with the expectation for 2010 to be ‘another challenging year’ as the trend continues.

Stolt Tankers reported an operating profit of $11.3 million for Q4 2009, down from $14.2m the previous year, “primarily as a result of higher Read More…

London P&I Club raises alarm over out-of-date charts

The London P&I Club has raised concern that out-of-date onboard charts and other nautical publications are continuing to prove a contributory cause of shipping accidents, despite requirements laid down by international legislation.

On receiving reports from P&I ship inspectors that the charts or other nautical publications on an entered ship are out of date, including the review of two recent incidents, the Club has placed great emphasis on why Read More…

Charitable designs for Ulstein

Norwegian-listed ship design and shipbuilding entity, Ulstein Group, is to exercise charitable generosity with a planned liberal donation of NOK 3 million through a newly-established partnership with the SOS Children’s Villages, with an additional NOK 100,000 in contribution to the Haiti fund.

SOS Children’ Villages is the world’s largest aid organisation for orphaned and neglected children, and the organisation provides extensive medical/emergency aid and numerous education projects to 56,971 Read More…

World’s first MLC 2006 certification issued

Although not expected to enter into force until at least the end of 2011, the world’s first Maritime Labour Convention (MLC) certification has been issued to Thenamaris Ships Management’s vessel, the M/T Seacrown, following inspections by classification society DNV.

The International Labour Organisation’s (ILO) MLC 2006, to be a pillar in the international maritime regulatory framework in establishing a level playing field for seafarers’ working and living conditions, will not Read More…

Dales Marine expands facilities

Aberdeen-based ship repair and maintenance specialist, Dales Marine Services, has expanded its operations on Scotland’s east coast with the lease of a dry dock at the Port of Leith and a workshop at Montrose, in order to service growing demand in the sector.

Taking on the operation of the Imperial dry dock at Leith on an initial 10-year lease from Forth Ports, Dales Marine is to invest around £250,000 Read More…

IoM signs MOU to target the Japanese market

The Isle of Man Ship Registry has signed a Memorandum of Understanding with Toko Maruraku Transportation Co. Ltd in Tokyo to facilitate the registration and related services to its growing number of Japanese clients.

Toko Maruraku will undertake vessel and mortgage registrations and the Isle of Man Ship Registry has agreed to provide all the necessary support in order for the mutually high standards of both parties to be maintained.

Read More…

SMI TV talks to Jens Olsen ISSA President

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Jens Olsen, ISSA President, talks to SMITV from Copenhagen about the environment and the financian crisis

SMITV talks to OSM’s Jan Morten Eskilt

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Jan Morten Eskilt talks about the financial crisis, crew shortages and the year ahead for ship managers

Industry ‘not prepared’ for MLC

Alarming concern that the shipping industry is ‘not prepared for the huge challenge’ of the fast-approaching implementation of the Maritime Labour Convention (MLC) has been raised by the International Maritime Employers’ Committee (IMEC).

An issue that seems to have taken on a slightly secondary role at a time when shipping is already facing phenomenal challenges, the MLC mandation has been compared to a ‘train speeding down the track towards us’, Read More…

Don’t think the tanker industry is complacent

While tanker shipping continues to deliver ever-improving performance, the tanker industry is definitely not complacent and is wedded to maintaining its aims to develop and adopt best practices in shipping through its commitment to continuous improvement, said INTERTANKO’s Managing Director Dr Peter Swift.

Against a backdrop of reduced demand for most ship types coming at a time of rapid growth in fleet supply, and consequentially lowered freight rates, the challenges Read More…

MARAD sends ships to aid Haiti effort

The US Secretary of Transportation Ray LaHood announced that the Department’s Maritime Administration (MARAD) is sending five ships to assist with relief efforts in Haiti.

Gopher State, Petersburg, Huakai, Cornhusker State and Cape May are being prepared to sail to the Caribbean Ocean from different parts of the US. All are owned or controlled by MARAD, and will be crewed by civilian US merchant mariners.

“Sending these ships will help Read More…