SMI Newsdesk Archives

Shell Marine launches Alexia 40 lubricant ahead of IMO 2020 regulation changes

In support of customer preparedness for IMO 2020, Shell Marine is introducing Shell Alexia 40 – a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content Very Low Sulphur Fuel Oil (VLSFO).

With a Base Number of 40, Shell Alexia 40 has been developed to optimise equipment performance and condition as ship owners and charterers prepare for the International Maritime Organization’s (IMO’s) 0.50% global Read More…

Indian Register of Shipping (IRClass) continues to grow its operations in Asia Pacific

Indian Register of Shipping (IRClass) is continuing to grow steadily in the Asia Pacific region – enhancing presence in key Asian shipping markets including Malaysia, Indonesia and China.

The classification society had earlier received authorisation as Recognised Organisation (RO) from the flag administrations of Malaysia and Thailand and expects to attain recognition from other key nations in the region.

The Singapore office remains the classification society’s regional headquarters as it Read More…

Sea Asia opens in Singapore

Global maritime leaders gathered at today’s Opening Ceremony of Sea Asia 2019, the 7th biennial conference and exhibition organised by UBM (Seatrade) and Singapore Maritime Foundation, as part of Singapore Maritime Week 2019.

Marking the beginning of the three-day maritime event, the Opening Ceremony was attended by Guest of Honour, Dr Janil Puthucheary, Senior Minister of State, Ministry of Transport and Ministry of Communications and Information, Niam Chiang Meng, Chairman Read More…

Joint industry program in Singapore aims to boost the use of additive manufacturing in the maritime industry

DNV GL has been appointed as the lead researcher of the first phase of a new Singapore-based program to study the feasibility of additive manufacturing (AM), or 3D printing, in the maritime industry. In a Joint Industry Program (JIP) initiated by the Maritime and Port Authority of Singapore (MPA) DNV GL will team up with 10 member companies of the Singapore Ship Association (SSA) to examine how spare parts produced Read More…

The Swedish Club reports robust underwriting performance in challenging market conditions

At the first quarter 2019 Board meeting, The Swedish Club reported that it had continued to deliver robust underwriting performance and preserve strong capital adequacy in 2018, amid challenging market conditions. A combined ratio of 99% was achieved.

The investment was very volatile with the equity markets in free fall during December 2018. As a result, a negative investment return of -1,6% was booked at the end of December. Profits Read More…

North P&I Club’s Captain Savraj Mehta honoured with Indian National Maritime Day Award

India’s National Maritime Day Celebrations Committee has conferred the Eminent Overseas Maritime Personality Award on North P&I Club’s Chief Underwriting Officer, Captain Savraj Mehta, on the occasion of the 56th National Maritime Day Celebrations 2019.

The Eminent Overseas Maritime Personality Award recognises and honours individuals for their sustained and outstanding contribution to the maritime sector.

Paul Jennings, CEO of North P&I Club, Chairman of the International Group of P&I Clubs, Read More…

Electronic information exchange now mandatory for ports

A mandatory requirement for national governments to introduce electronic information exchange between ships and ports came into effect from yesterday (8th April).

The aim is to make cross-border trade simpler and the logistics chain more efficient, for the more than 10 billion tons of goods which are traded by sea annually across the globe.

The requirement, mandatory under IMO’s Convention on Facilitation of International Maritime Traffic (FAL Convention), is part Read More…

EU ship recycling rules look like protectionism

Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows.

“The EU list is hard to take seriously. I called one of these “recycling shipyards” a few months ago, and they hadn’t even started building the yard yet,” said Read More…

The Mission to Seafarers awarded £110k grant from Seafarers UK to support growth and diversification of UK volunteer base

The Mission to Seafarers has been awarded a £110k grant by Seafarers UK to support the growth and diversification of its volunteer base in the UK.

The Mission will use the funding to design and develop a new UK volunteering outreach strategy for 2019, which aims to increase the number of young people (25-45) and female volunteers within the Mission, as well as those from different ethnic and religious backgrounds. Read More…

IEC Telecom launches Orion Edge+ to Asian maritime sector

IEC Telecom will launch its ground-breaking Orion Edge+ satellite voice and data communication solution during this week’s Sea Asia (April 9 to 11).

Orion Edge+ provides high quality, reliable broadband with the ultimate cost effective operational benefits. It also provides flexible data plans with no long-term commitment. This flexibility makes Orion Edge+ ideal for busy offshore support vessels, tugs, and oil and gas contractors.

Powered by Thuraya’s Orion IP broadband Read More…

Major shipowner trade associations agree to enhance cooperation

Yesterday (Monday) in Singapore, the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) signed a joint memorandum of understanding.

This new MOU codifies the extensive level of co-operation that already exists between these important international trade associations and provides a framework for their closer co-operation. The three associations collectively represent over 90% of the world merchant fleet. The agreement recognises their Read More…

ITIC says simple checks will defeat shipping industry fraudsters

International Transport Intermediaries Club (ITIC) says ship brokers and agents are among those most at risk of exposure to fraud in the shipping industry, and urges them to carry out simple checks in order to protect themselves. In the latest issue of its Claims Review, ITIC cites the case of a ship broker which received an emailed freight invoice from an owner for $120,000. The bank account detailed in Read More…