SMI Newsdesk Archives

Ghana in drive to boost maritime traffic flow

The Deputy Minister of Transport has appealed to agencies to boost the flow of maritime traffic from ports through Ghana’s transit corridors, in a recent workshop organised by the Ghana Maritime Authority in collaboration with the International Maritime Organisation.

Madam Dzifa Aku Attivor, Deputy Minister of Transport, has pushed for the implementation of electronic data interchange systems to improve the clearing of goods from ports and increase the flow of Read More…

Sri Lanka sets sights on becoming major shipping hub

A new government plan for Sri Lanka’s maritime sector has been pushed for as the country is realising the port of Colombo’s potential to become a reliable maritime and logistics hub in Southeast Asia.

Sujeewa Samaraweera, Chairman of the Ports and Shipping Committee of the National Chamber of Commerce of Sri Lanka (NCCSL), said Sri Lanka had the potential to be the “number one shipping hub” in the region, Read More…

A.P Moller-Maersk Group reveals 9% reduction of CO2 emissions

Tackling the challenges of global climate change head on, the A.P. Moller-Maersk Group has revealed a 9% drop in CO2 emissions in 2008 compared with the preceding year, through its widespread adoption of environmental strategies.

Representing a fall of 5 million tonnes of CO2, lower fuel consumption on ships and reduced flaring from platforms are part of the Group’s drive to combat global warming and help to alleviate the Read More…

Globe Wireless launches cost-effective communications solution

Globe Wireless has released a brand new enhanced GSM system to provide onboard communications at significantly reduced rates for crew members. Its new GlobeMobile solution is not just a standard GSM system but “a way to use GSM as an interface method to access ship’s communications systems.”

Resulting in considerably improved services at much lesser costs, Frank Coles, President and CEO of Globe Wireless, explained that “other GSM systems available Read More…

Ship suppliers hurt by late payments

Late payment, and in some cases the non-payment of ship supply invoices, is a growing concern for ship chandlers in the world’s ports and is a focus of attention for the new Presidency of the International Ship Suppliers and Services Association (ISSA).

Not only does it affect the financial stability of what are in many cases, small to medium sized businesses working to tight profit margins, but Read More…

Morgan Stanley fund to invest in shipping

Morgan Stanley is to set up an opportunity fund to take advantage of the global downturn in shipping by investing up to $400m (£267m) in dry bulk and container ships. According to press reports over the weekend, the bank is working with two Greek shipping organisations to create the debt fund which will target distressed investments in shipping. The fund is aiming to invest in shipping debt that could be Read More…

Panama Canal in bid to help owners reduce costs

New measures providing cost-reduction for owners have been set in place by the Panama Canal Authority (ACP) in an attempt to help alleviate the financial strain on customers during the global recession.

Involving modifications to the Reservation System to increase flexibility and reduce costs and a redefinition of ballast for full container vessels transiting the canal, the ACP Board of Directors has confirmed that the measures will take effect Read More…

London Club continues to build on quality growth

THE London P&I Club’s mutual entry has continued to increase despite a period of unprecedented economic turmoil and turbulence in the shipping industry, and now stands at over 39m gt.

Michael Hill, Underwriting Director of the London Club’s management team, A Bilbrough & Co, said:“There is no room for complacency, but it is encouraging to see how the London has continued to make good progress during such a challenging time.

Read More…

GL passes the 80m gt mark

With the classification of the gas tanker Gaschem Nordsee, Germanischer Lloyd (GL) has passed the 80 million gross tons threshold. More than 6,870 ships are currently surveyed on a regular basis by Germanischer Lloyd and as a result, the fleet in service for the German class society has grown by 10 million gross tons since September 2007.

The Gaschem Nordsee, flying the German flag, was delivered in late Read More…

MES sets up Shanghai subsidiary

Mitsui Engineering & Shipbuilding (MES) has established a wholly owned local subsidiary MES Technoservice (Shanghai) Co. in Shanghai as an after-delivery service center for its marine diesel engines.

While ships equipped with engines from MES docking and entering ports in China are increasing, including those owned by Chinese shipowners, MES aims at reinforcing local service by streamlining a technical support system at the new center. This marks the company’s fourth Read More…

Ruling Won’t Slow Long Beach Clean Trucks

Federal Court Judge Christina Snyder issued a preliminary injunction Wednesday, April 29, blocking some provisions of the Port of Long Beach Clean Trucks Programme but allowed the Port to continue cleaning up the truck fleet and improving the health of the community.

While key elements of Long Beach’s Clean Trucks Program were left intact by Judge Snyder’s ruling, she enjoined the employee driver mandate in the Port of Los Angeles Read More…

Gothenburg sees cargo volumes drop

Import and export volumes, with the exception of oil, passing through the Port of Gothenburg continued to fall during the first quarter of this year as a result of the recession.

During the first quarter, 193,000 teus passed through the port, which is 9% down on the corresponding period last year. From an international point of view, the downturn is not dramatic and export volumes continue to be Read More…