SMI Newsdesk Archives

IB Influencing Business signs up as Inmarsat Fleet Data application provider

IB Influencing Business and Inmarsat, the world leader in global, mobile satellite communications, have signed an agreement for IB to join the fast-growing group of application providers to provide a dedicated application for Inmarsat’s Fleet Data service.

Developed by Inmarsat and Danelec Marine, and made commercially available earlier this year, Fleet Data collects data from onboard sensors, pre-processes that data, and uploads it to a central cloud-based database, Read More…

ECSA considers the European State Aid Guidelines for maritime transport highly successful and key to maintaining a strong European shipping sector

Today, the International Transport Forum (ITF) published a report on Maritime Subsidies in OECD countries. The main conclusions mostly address the EU state aid guidelines (SAG) and their application in EU Member States. The ITF report questions the effectiveness of the SAG and makes recommendations for improvements. 

ECSA is of the firm opinion that the SAG are a profoundly effective instrument to maintain and strengthen the European shipping sector Read More…

HFW To Launch Monaco Office With Hire Of Market-Leading Team

 

Global, sector-focused law firm HFW is launching an office in Monaco with the hire of a market-leading team to be led by partners Ian Cranston, Andrew Charlier and Marco Crusafio.

The team, which will also include legal directors Ian Fisher and Ruth Monahan, associate George Kaye and trainee legal executive Laura Pike, specialise in shipping, yachts, business aviation, international trade, commodities, energy and insurance.

They will join HFW Read More…

AHHIC, the first marine insurance signatory company of the UNEP FI Principles for Sustainable Insurance

American Hellenic Hull Insurance Company is among the leading signatory companies to the Principles for Sustainable Insurance (PSI) and a member of the global community of banks, insurers and investors of UN Environment Finance Initiative (UNEP FI).

Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks Read More…

LISCR appoints Humera Ahmed as VP of Legal and Business Development

F Humera Ahmed has been appointed Vice-President of Legal and Business Development of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry.

Mrs Ahmed brings to her new role at LISCR nine years of experience as an attorney at Blank Rome LLP where she focused on maritime transactions, finance issues and business development. She holds a law degree from the School of Law at Read More…

WinGD launches new engines in response to increasing eco-engine demand

In response to the growing demand for more efficient and reliable marine propulsion that serves the needs of an increasingly environmentally sustainable industry, WinGD (Winterthur Gas & Diesel Ltd.) has introduced three new low-speed, two-stroke engines that are capable of operating on low emission fuels.

Building on the proven WinGD technology the new additions to the portfolio; X40DF, X82D and X82DF engines, will provide a wider variety of Read More…

Indian Register of Shipping targets the European market at Nor-Shipping

The Indian Register of Shipping (IRClass), a leading ship classification society, is seeking growth opportunities in the European market.

Having already established a strong presence in Asia and Middle East with several new offices opened during the last two years in Saudi Arabia, Qatar, Abu Dhabi, Malaysia and Indonesia, IRClass is now planning to target Europe.

IRClass received recognition from European Union in 2016 and has offices Read More…

Failure to incorporate terms and conditions could find shipping out of its depth

International Transport Intermediaries Club (ITIC) has warned its members of the need to incorporate terms and conditions into their business dealings in order to limit their potential exposure to liability.

ITIC cites the case of the agent at a discharge port who advised a shipper with cargo on board an inbound vessel that that the maximum draft was 40ft. Since the vessel’s draft was just under 41ft, it made an Read More…

Xeneta reveals jump in contracted freight rates for containership segment as new contracts are finalised

Oslo-based Xeneta, the leading ocean freight rate benchmarking and market analytics platform, has revealed a jump in long-term contracted rates for containership operators during the month of May, as 2018 rates expire and new contracts push the index upwards.

According to the latest XSI® Public Indices report – based on crowd-sourced data covering over 160,000 port-to-port pairings, with 110 million data points – global rates leapt by 11.5% across Read More…

ICS Launches Definitive Guidelines on MLC Convention

Responding to changing regulations the International Chamber of Shipping (ICS) has launched of the third edition of its essential Guidelines on the Application of the ILO Maritime Labour Convention, the only fully up to date guide to the Maritime Labour Convention (MLC) for all involved with the employment of seafarers.

Focused on today’s MLC, the publication covers all amendments made to the Convention since it entered into force in Read More…

West of England P&I Club’s overall financial position and capital strength remain robust

West of England P&I Club today announced its results for the year ending 20 February 2019. The Club’s capital has strengthened and remains considerably in excess of the ‘AAA’ capital strength requirement under Standard and Poor’s model. This has been re-affirmed in its financial strength rating of A-, reflecting its view that the Club will sustain its ‘extremely strong’ capitalisation. The free reserve has been maintained in excess of $300 Read More…

IRClass Hosts Multi-Stakeholder Seminar on IMO Sulphur Limit Compliance and GHG Emissions Strategy

Indian Register of Shipping hosts multi-stakeholder seminar on IMO sulphur limit compliance and GHG emissions strategy

MUMBAI, INDIA, 28 May 2019 – The Indian Register of Shipping (IRClass), a leading ship classification society, recently hosted a seminar in which industry stakeholders discussed the impending 2020 IMO fuel sulphur regulation and the Read More…