SMI Newsdesk Archives

New premium finance vehicle launched

A new venture aimed at easing premium flow for the often hard-pressed international marine market and its clients has been launched in London.

Major insurers are reported to have confirmed that they will support what is said to be the first premium finance scheme in the sector. It is managed by a new independent company, Insurance Premium Finance Ltd (IPFL).

The company has secured a line of credit from a Read More…

Schat-Harding records rise in lifeboat orders

Despite a rapidly contracting global shipbuilding orderbook, the world’s leading lifeboat and davit manufacturer, Schat-Harding, has secured a healthy $10.6m of orders for new equipment in the last three months.

The orders cover all types of shipping and offshore units, including orders for new ferries, FPSOs, containerships and warships. The contracts also have a good geographical spread as clients in Korea, Singapore, Mexico, Norway, Germany and China have shown their Read More…

MARLINK PROVIDES MORE POWER TO VIKING

One of the leading cruise ferry operators in the Baltic Sea, Viking Line, has entered into a new five year contract with Marlink continuing its existing agreement for the supply and operation of its satellite communications and the enhancement of its Sealink (TM) systems onboard the company’s fleet of ferries.

From its head office in Åland, an island in the Baltic Sea between Sweden and Finland, Viking Line operates seven Read More…

Scotland ‘to lead’ global seafarer training

Plans are underway to create a transnational maritime university which will help address a major skills shortage in the maritime sector.

The Northern Maritime University (NMU) project will build a transnational network of universities in the North Sea region and is being led by the Transport Research Institute (TRI) team at Edinburgh Napier. It will culminate in December 2010 with the launch of the Northern Maritime University, offering transnational, multidisciplinary Read More…

RINA secures new Condition-Based Maintenance agreements

Genoa-based classification society RINA has teamed up with specialist certification services provider SPM Instrument SRL of Italy and the Italian Ship Research Centre CETENA to help cope with an increase in demand for Condition-Based Maintenance (CBM) programmes by RINA clients.

Having issued new CBM rules and guidelines in 2008, RINA has introduced a number of new class notations this year for clients who implement RINA-approved CBM programmes in respect of Read More…

London P&I Club sets 5% general increase

The London P&I Club’s Committee has set a general increase of 5% for P&I premiums for the 2010/2011 policy year.

The Club’s open policy years are developing in line with expectations, and the general increase for the forthcoming P&I year reflects the Committee’s determination to consolidate improvements made to the Club’s financial position.

Ian Gooch, Chief Executive of the Club’s Management team, said: “It is still too early to assess Read More…

Giuseppe Bottiglieri celebrates fourth vessel delivery this year

Giuseppe Bottiglieri has celebrated the addition of another vessel to the fleet, marking the fourth newbuild delivery this year as part of a rigorous investment programme totalling $600 million.

The new 93,500 tonnes dwt post-panamax bulk carrier, the Bottiglieri Challenger, is the fourth sister vessel among ten units ordered at Chinese ship yard New Jiangsu Yangzijiang, launched just a few weeks after the recently delivered Bottiglieri Ambition.

Set to Read More…

Antwerp Port Authority freezes port dues and concession fees

Antwerp Port Authority is to keep the port dues and concession fees in 2010 at the 2009 level. In fact, most of the dues will be frozen at the 2008 level, it admitted yesterday.

Furthermore, a 10% reduction will be granted for transhipment of conventional/breakbulk cargo, provided employers and labour unions manage to make more efficient use of dock labour.

With these measures the Port Authority seeks to Read More…

US warns seafarers against pirate attacks after Maersk Alabama is attacked again

US Transportation Secretary Ray LaHood today reminded mariners about the importance of taking necessary precautions and implementing best practices in the wake of recent attacks on the Harriett and Maersk Alabama off the coast of Somalia.

“These ships’ successful defence against pirates should serve as a reminder to the maritime industry of the best practices that can keep crews safe on the seas,” said Secretary LaHood. “Mariners should heed the Read More…

Gory accidents set to video

The Standard Club has joined forces with Videotel to produce a set of 10 short video clips that show in graphic and sometimes shocking detail, what can happen when the correct procedures and working techniques are ignored when carrying out a task.

Hazards Series 1 is aimed primarily at cadets, deck and engine crew, students at maritime colleges and training officers. The clips are eye catching and confront the potential Read More…

Cargoship Maritime BV to restructure time charters

Cargoship Maritime BV, a Netherlands-based vessel operating company, has entered into talks for restructuring its time charter portfolio. The aim is to renegotiate the time charters of the vessels in the company to better reflect market prospects. The renegotiation will affect time charters of 22 ships currently trading, mostly tankers, and thirteen different owners.

All of the vessels affected by the renegotiation are commercially managed by Netherlands-based Seaarland Shipping Management Read More…

Westgarth ‘in favour’ of more industry cooperation

INTERTANKO has given its clearest indication yet that it wants to liaise more closely with other industry associations outside of the much envied Round Table of shipping associations and is likely to table a proposal calling for such action at the next Round Table meeting.

Addressing reporters only weeks after taking over the INTERTANKO chairmanship from Nick Fistes, Capt Graham Westgarth said it was important to create the Read More…