SMI Newsdesk Archives

Cover Story: Shipping at the heart of Cyprus’ growth

To describe Cyprus’ economic recovery as akin to a phoenix rising out of the ashes could be somewhat harsh yet you can get a sense of the reality when you plot the extent of the country’s economic recovery against the backdrop of economic recession following the banking crisis it faced only four years ago.

According to the country’s Minister of Transport, Communications and Works Marios Demetriades, the Cypriot economy Read More…

Crew Welfare: Fair treatment of seafarers

Change is in the air concerning the fair treatment of seafarers, believes Hilton Staniland, Professor of Maritime Law at the Institute of Maritime Law, University of Southampton and member of the Seafarers’ Rights International (SRI) Advisory Board.

His comments follow hard-hitting political commitments and an expert panel discussion at an international workshop held at the International Maritime Organization (IMO) to mark the 2017 Day of the Seafarer.

The Read More…

How I work: Simon Swallow

The maritime insurance world is watching with baited-breath to see if the recent terrible disasters of hurricanes Harvey and Irma could change the market.

Indeed Simon Swallow, Chief Executive of The Shipowners’ Club, which insures over 32,000 small and specialist vessels, believes the events will have a serious impact on the insurance sector as large losses capacity will be withdrawn and rates will go up.

“We are Read More…

Crew Training: Crew Management, Retention & Training

“You cannot develop an organisation. You can only develop people, who will develop the organisation. Together is better!”

The words of Roman Heil, Project Manager at TOPSIM-HEISS, which offers a new way of training – passing on real life scenarios to participants. It is an innovative way of turning learning into action and thereby focusing on creating a safety culture and developing a high performing crew.

Atria Learning Read More…

LISW17: Global Maritime Cluster Round Table Debate

SMI used the opportunity of LISW to bring together the heads, or leading representatives of many of the world’s maritime clusters to debate the issue of how clusters should work and cooperate with each other. The panel assembled before an audience of 85, in the London offices of maritime lawyers Hill Dickinson debated the issues. Chaired by SMI Editorial Director Sean Moloney, the panel consisted of Simon Doughty, CEO Read More…

Giant 20,000teu container ship berths at Port of Hamburg

MOL Triumph, one of the biggest containerships in the world, made fast in Hamburg at HHLA Container Terminal Burchardkai (CTB). The new flagship of Japanese shipping company Mitsui O.S.K. Lines (MOL) is the first vessel with a loading capacity of over 20,000teu in the Port of Hamburg. Some 10,000teeu will be loaded or discharged at CTB for the MOL Triumph that is provisionally scheduled to leave the Elbe conurbation again Read More…

Designers should not treat water treatment as an afterthought

“Wastewater management presents a challenging dilemma that if not addressed in the design stages can impact a vessel’s operational flexibility,” ACO Marine’s managing director Mark Beavis told delegates yesterday (Wednesday) at a Royal Institution of Naval Architects conference.

Providing an overview of the technical challenges faced when designing and building systems for prestigious projects, such as mega yachts, offshore and naval vessels, Mr Beavis said that while water treatment is Read More…

Epic Gas announces first quarter results

Epic Gas today (Thursday) announced its unaudited financial and operating results for the interim period ended 31st March, 2017.

Highlights from the results show vessel calendar days were up 7% year over year to 3,569 and revenue of $33.9 million, up 5% year over year. Time charter equivalent revenues of $8,423 per vessel calendar day were up 3% from Q4 2016, but down 3% year over year.

Adjusted EBITDA of Read More…

Oldendorff appoints Verifavia for EU MRV verification

Oldendorff Carriers, the owner/operator of dry bulk carriers, has appointed Verifavia, the emissions verification company for the transport sector (aviation and shipping), to verify its fleet of vessels in line with the European Union’s Monitoring, Reporting, and Verification (EU MRV) regulation.

Verifavia Shipping will provide EU MRV services to Oldendorff, including the assessment of monitoring plans and verification of carbon emission reports according to the ISO 14065 standard and regulation Read More…

Clyde & Co expands regional IP Network with Kuwait Launch

Global law firm Clyde & Co has announced the completion of its network of intellectual property offices across the Gulf Cooperation Council (GCC) countries with the addition of an office in Kuwait.

The office, which is part of the Clyde IP Services brand, provides trade mark and patent filing capabilities. It adds to the existing network, which also spans the rest of the GCC countries: Bahrain, Oman, Saudi Arabia, Qatar Read More…

Hyperloop arrives at Nor-Shipping 2017

Hyperloop Transportation Technologies (HTT), the company leading the charge to realise the concept of transporting people and cargo safely, efficiently and very quickly through vacuum tubes, is set to bring its own brand of disruptive thinking to Nor-Shipping 2017.

The firm, which encompasses more than 50 teams working together across 38 countries, is sending a delegation led by Co-founder and Chairman Bibop Gresta, who will speak at the maritime event Read More…

Posidonia Sea Tourism Forum opens way for East Med’s future cruise and yachting growth

The Posidonia Sea Tourism Forum, the biennial trademark event for the international cruise and yachting industries, will be held in Athens from 23rd to 24th May in the presence of key decision makers from some of the world’s largest cruise operators.

They will convene at the Megaron Athens International Conference Centre to discuss strategies designed to reinvent cruising in the extended region of the East Mediterranean and Black Sea, as Read More…