SMI Newsdesk Archives

Bibby to manage ACL ships

Bibby Ship Management has been appointed by Atlantic Container Line (ACL) to provide full service ship management across its fleet of container vessels.

The agreement will see the third-party ship management division of Bibby Line Group, headquartered in Liverpool, supply crew and technical management support to a total of five container vessels, which are some of the world’s largest roll-on/roll-off and container ships.

ACL operates weekly services between Europe and Read More…

Transport, handling and storage problems linked to biofuels

Demand for biofuels is estimated to increase at an annual compound rate of 15%, growing from 20 million metric tones in 2010 to an expected 45 million tones in 2015. But as the production and use of such fuels continues to expand, the UK P&I Club has warned that the shipping industry must learn from past experiences and observe safe and efficient practices when shipping, loading, handling and storing biofuels.

Read More…

DTTP Scheme May Benefit UK Shipping Companies

British shipping companies that negotiate loans with overseas corporate lenders may benefit from a new Double Taxation Treaty Passport (DTTP) scheme.

Sue Bill, a tax partner with accountancy firm Moore Stephens said: “Under the new scheme, which comes into operation on September 1 2010, an overseas lender in a country with which the UK has a double tax treaty can apply for a DTTP. If this is granted, the Read More…

Visa problems impact on superintendents getting jobs ashore

Visa and work permit restrictions are preventing former master mariners and chief engineers from obtaining jobs ashore, reports UK-based shipping, trading and energy recruitment company Spinnaker Consulting.

Phil Parry, chairman of Spinnaker said: “It’s not about race, it’s not even so much about immigration rules where the job’s based, but practicality – travel to visit vessels often happens at short notice. Some nationalities, particularly westerners, need fewer visas, some get Read More…

Paris MOU Announces Damage Stability Inspection Campaign

The Paris Memorandum on Port State Control will begin a Concentrated Inspection Campaign to check for correct damage stability on chemical tankers, gas carriers and oil tankers. Inspections are due to begin on September 1 and will continue until November 30.

The campaign was organised following concerns that tankers are frequently operating without due compliance with damage stability regulations or sailing in a loading condition not covered by the relevant Read More…

Multraship rescues damaged cargo vessel

Towage and salvage company Multraship has brought Janina, a St Vincent and Grenadine-flag cargo ship to safety after it was holed by a fishing vessel while at anchor.

The incident occurred at Buitenbanken, near Rotterdam on July 26 and resulted in a crack in the ship’s hull, leading to flooding of the engine room and crew accommodation. Crew left the vessel in lifeboats and there were no reported injuries.

The Read More…

Owners must move quickly to seize potential opportunity to elect into tonnage tax

Leading accountant and shipping industry adviser Moore Stephens says shipo wners paying conventional corporation tax should consider supporting a potential industry representation to ask the government to consider approving a new window to elect into UK tonnage tax.

Sue Bill, a tax partner with Moore Stephens, said: “There are a number of forthcoming changes to the capital allowances regime which will particularly affect shipowning companies that are outside tonnage tax. Read More…

Accord on course for MLC 2006 compliance

Accord Shipmanagement has confirmed its fleet will be Maritime Labour Convention 2006 compliant by the close of 2010. This announcement follows Accord’s concentrated efforts to build awareness with owners regarding new legal standards to safeguard working conditions onboard.

Managing director Sanjay Shesh said: “We have embarked on an International Labour Organisation gap analysis for our owners to prepare the way for the convention’s implementation in 2012.

“There needs Read More…

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 EXTENDS ITS MEMBERSHIP

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…