SMI Newsdesk Archives

Duncan Dunn appointed new Baltic Exchange Chairman

Duncan Dunn has been elected Chairman of the Baltic Exchange Advisory Council with effect from 2nd January 2018 replacing Lambros Varnavides who has held the position since November 2017.

Mr Dunn is a Senior Director at SSY Futures and has served as Baltic Exchange Vice Chairman since 2017.

Commenting on the appointment Baltic Exchange Chief Executive Mark Jackson said: “Duncan Dunn has been an energetic member of the Baltic Board Read More…

VIMC welcomes Tim Protheroe to Vancouver and Greystoke Marine Management

The Vancouver International Maritime Centre (VIMC) has welcomed Tim Protheroe to Greystoke Marine Management, head-quartered in Vancouver.

Based in Houston, Texas, Mr Protheroe is a Master Mariner who came ashore with Lloyds Register in 1992 and worked in several senior positions before being appointed President, Lloyds Register America’s Inc. in 2014.

Greystoke partner Robert Hedley said: “We are delighted to have Tim onboard with Greystoke. Tim is very well known Read More…

ShipServ launches latest monitoring and analytics tool to enhance supplier relationships

ShipServ, the maritime e-procurement platform, has announced the launch of the ‘Supplier Performance Report’, the latest addition to its monitoring and analytics tools.

The Supplier Performance Report provides ship owners and managers using ShipServ with a host of key data on the procurement performance of every supplier that they use, enabling them to analyse trends, and identify where improvements can be made, so that relationships with suppliers can be enhanced Read More…

Middle East PSC Inspectors given training in indicative ballast water testing

Inspectors from Saudi Aramco’s Environmental Protection Department have been given guidance on how to verify that ships entering the Kingdom’s ports are discharging ballast waters in accordance with the D1 and D2 ballast water discharge standards.

While the Kingdom’s port state control authority has yet to confirm which class-approved ballast water testing system it will use to analyse the water, aqua-tools has revealed it has provided a series of training Read More…

Merchant Navy Officers Pension Fund secures £490 million of members’ benefits in buy-in agreement with Legal & General

The Trustee of the £3 billion Merchant Navy Officers Pension Fund (MNOPF) has secured £490 million of members’ pension benefits through a buy-in transaction with Legal & General Group.

The MNOPF was an early and significant adopter of innovative de-risking transactions, having completed its first bulk annuity transaction back in 2009 with Lucida Limited, which was acquired by Legal & General in August 2013.

Today’s announcement follows a £1.5 billion Read More…

Marine environment protection in Southeast Asia gets fresh backing from Norad

A new IMO-Norwegian Agency for Development Cooperation (Norad) environmental project in Southeast Asia is set to begin, to support seven countries to protect the marine environment from shipping operations.

The four-year project will focus on enhancing the countries’ capacity to implement a number of high-priority marine environment conventions, including the International Convention for the Prevention of Pollution from Ships (MARPOL); the Anti-Fouling Systems Convention; the London dumping of wastes convention Read More…

BIMCO CEO extends contract five years

BIMCO’s Secretary General and CEO, Angus Frew (pictured), will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Mr Frew has been instrumental in modernising BIMCO and in increasing its member-focus.

“Right now, is a very interesting time for shipping, and I am very happy to be offered the opportunity to extend my contract. I can continue Read More…

Company celebrates 40 years of excellence and environmental commitment

Environmental Protection Engineering (EPE), the largest marine environmental protection services and equipment provider in Greece celebrates, this year, 40 years since its establishment.

The Polychronopoulos family, along with its associates and more than 800 representatives of the Greek and global shipping and industry sectors, celebrated at an event held on Tuesday (5th December) at Stavros Niarchos Foundation Cultural Center.

The glamorous evening was organised by Environmental Protection Engineering, ERMA FIRST Read More…

Zero per cent general increase marks The Swedish Club’s 145th anniversary

At its Board Meeting yesterday (Thursday), The Swedish Club marked the 145th anniversary of the inaugural meeting of The Swedish Steam Ship Insurance Association, where the Club, internationally known today as The Swedish Club, was officially formed.

The Club confirmed at the Board Meeting its long term commitment to its members with the announcement of a 0% general increase in P&I for the third year running, demonstrating the value of Read More…

Liberia re-elected to IMO Council

Liberia has been re-elected to the Council of the International Maritime Organization (IMO), a position it has held continuously since 2012.

Commissioner of the Liberia Maritime Authority, Dr James Kollie, said: “It is very gratifying to see Liberia reconfirmed in its position as a leading maritime nation and decision-maker at the IMO. Liberia is among the most proactive and responsible maritime nations in the world, in accordance with its position Read More…

North P&I Club celebrates 10 years in Singapore

Marine insurer North P&I Club marked the 10th anniversary of its office in Singapore with a reception in Duxton Hill, attended by ship owners and representatives of the Singaporean and Asia-Pacific shipping community.

The Club’s Singapore office has expanded to 17 staff over the past decade, providing P&I, freight, demurrage and defence (FD&D) claims, and loss prevention services that complement its additional Asia-Pacific offices in Hong Kong and China, as Read More…

Wärtsilä enters joint project agreement for shuttle tanker development

The technology group Wärtsilä has signed a joint industry project cooperation (JIP) undertaking with Dalian Shipbuilding Industry Company (DSIC), a part of the China Shipbuilding Industry Corporation. The objective of the JIP is to develop a preliminary production level design for a 127,000dwt shuttle tanker that may be built by DSIC with DNV-GL classification. The agreement was signed in October 2017.

The demand for shuttle tankers is forecast to increase, Read More…