SMI Newsdesk Archives

Third super yacht management contract for Bibby

Bibby Ship Management’s Isle of Man division has landed a contract to manage and supply crew to a third Isle of Man registered super yacht. A total of 17 crew members are employed on the yacht for voyages around the Mediterranean and Caribbean. The vessel’s identity has not been disclosed, for security reasons.

“The super yacht sector represents a natural next step in our expansion plan and we are looking Read More…

Navios to buy seven VLCCs in $587m deal

New York-listed Navios Maritime Acquisition Corp is to buy seven very large crude carriers for $587m. The deal is expected to be completed in September and will involve $453m of bank debt, $123m in cash and $11m in stock.

Of the seven VLCCs being acquired, six are currently deployed on long-term time charters to Asia-Pacific-based shipping and oil groups. The seventh vessel is under construction and is due for delivery Read More…

Garrets free range initiative honoured by compassion in world farming

Garrets International , the London-based marine contract catering company, has been commended for its policy to supply free range eggs and chickens.

The company has been awarded The Good Chicken and The Good Egg awards by Compassion In World Farming, a global animal welfare organisation.

The award was presented by international TV star and wildlife campaigner Bill Oddie during a ceremony at London’s St Paul’s Cathedral last week (July 15th). Read More…


InterManager, the international trade association for the ship management industry, has extended its membership from within the influential Greek and Philippine shipping markets.

The Association is pleased to welcome two new full Members: Greek ship management company Thenamaris and Philippines-based crew manager Magsaysay.

Athens-headquartered Thenamaris is one of the world’s leading independent ship management companies providing quality management services to owners of large ocean-going vessels. The fleet under management comprises Read More…

Pirate attacks down in first six months, says IMB

Global attacks on shipping by pirates declined during the first two quarters of the year, according to the International Maritime Bureau. A total of 196 incidents around the world were recorded by bureau’s Piracy Reporting Centre, compared to 240 incidents in 2009. This included 31 vessels hijacked, 48 vessels fired upon and 70 vessels boarded.

“During this period, one crew member was killed, 597 crew members were taken hostage and Read More…

London P&I Club sees 22%-plus rise in free reserves

Claims and investment performance were the main factors behind The London P&I Club reporting a surplus of $25.9m and an increase of 22.4% in free reserves to $141.4m for the to year to Feb 20. This represents a 74.8% increase in free reserves since Feb 20 2008, the club’s annual report has revealed.

“The P&I industry had anticipated that depressed freight markets might lead to a moderation of claims and, Read More…

Bimco drafts Iran sanctions clause

Bimco, the world’s largest independent shipping association, has drafted a sanctions clause for time charter parties in response to the imposition of a fourth round of UN sanctions against Iran and by amended legislation expanding existing US sanctions against Iran that came into force on July 1.

The clause, drafted with the International Group of P&I Clubs, is designed to provide owners with means to assess and act on any Read More…

Largest French flag boxship takes to the seas

CMA CGM Group’s Christophe Colombe, at 13,800teu the largest boxship to sail under the French flag, has been christened by its godmother, Christine Lagarde, France’s minister of economic affairs, industry and employment at Terminal de France, Port 2000 in Le Havre.

The vessel, the first in a series of eight vessels named after explorers, will be deployed on the recently introduced FAL 5 (French Asia Line) service calling at Ningbo, Read More…

Vessel running costs are dropping says Frontline CEO

Vessel running costs are falling and could be as much as 5% lower than they were at the height of the economic crash in 2008, according to Jens Martin Jensen, CEO of  the management arm of leading independent tanker owner Frontline.

While shipowners still have to pay for good and experienced crews, the wage spiral that crippled the shipping industry and led to mass poaching of valuable sea staff Read More…

InterManager gathers Far Eastern views face-to-face

Far Eastern ship managers aired their views on the industry and current economic climate and were keen to learn about InterManager’s pioneering industry-wide KPI Project during the association’s recent tour of the region.

Meanwhile seafarers are concerned about job security, piracy and working conditions, reports InterManager General Secretary who has just returned from a two-week visit to the Philippines, Hong Kong and Singapore at the request of the association’s membership.

Read More…

Ulstein deliver seismic research vessel Oceanic Vega

Norway’s Ulstein Group has delivered the seismic research vessel Oceanic Vega to Eidesvik Seismic Vessels.

The 5,530dwt ship is the first of two SX120 type vessels from Ulstein Design & Solutions and has a number of features including the ability to operate in cold waters and to stay permanently at sea with five-year docking intervals. It has a towing force of 140 tons and is suitable for large 3D, 4D Read More…

Hellespont bolsters Hamburg shipmanagement activities

Basil Papachristidis’ Hellespont Group has set down its marker for the global recovery by buying out the 25% minority interests held by HCI Capital AG and Peter Döhle Schiffahrts KG respectively in Hellespont Hammonia GmbH & Co KG, its Hamburg-based shipmanagement company.

Hammonia has been renamed Hellespont Ship Management GmbH & Co KG and is now a wholly-owned subsidiary of the Hellespont Group parent company, which has been renamed Hellespont Read More…