SMI Newsdesk Archives

Pedersen sets up Dubai-based 3rd party management body

A new ship management company specialising in the offshore vessel, bulker and tanker markets has been set up in Dubai by two shipmanagement heavyweights, ex-Thome and EMS Ship Management boss Svein Pedersen and past ITM Vice President Thomas Arakal.

Noah Ship Management was inaugurated in May 2010 and will start trading by the first week of June. It has already started third party management negotiations with local and overseas owners Read More…

EXCLUSIVE – Greek ship owners talk to SMITV about the Greek Euro crisis

Evangelos Pistiolis, Harry Vafias, Stamatis Molaris, Nicholas Papalios and Ion Varouxakis talk to SMITV about the Greek crisis. Please note that the video is 10 minutes long and may take a few minutes to load.


Criminalisation, piracy, transparency and a lack of unity across member states towards maritime issues were some of the subjects on the agenda for discussion today when senior representatives from InterManager met with top European Union officials in Brussels.

In addition, the InterManager team gave a presentation on its pan-industry KPI (Key Performance Indicators) Project.

InterManager was represented in Brussels by Secretary General Guy Morel and Secretary General elect Captain Kuba Read More…

RINA’s fleet rises

Italian classification firm RINA has announced an increased turnover and gross earnings for 2009, with growth in all three of its divisions marine, classification and industry.

2009 saw a 9.3% rise in turnover for the Genoa group to €200 million, while gross earnings grew more than 20% to 37m, a growth that RINA believes is based on shipowners valuing the service it provides. Its classified fleet grew to 3,820 ships.

Read More…

Hamburg Süd to cut fuel costs by up to 5%

More than half the 40-strong fleet of Hamburg Süd vessels owned and maintained by Columbus Shipmanagement is to use Eniram Group’s Dynamic Trimming Assistant under a deal struck by the German operator and the Helsinki-headquartered provider of shipping industry decision support systems.

A total of 26 vessels will eventually use the system which helps vessel officers optimise trim at all times, minimise water resistance, decrease fuel consumption and reduce emissions.

Read More…

A Seaside Rendezvous

Cannes is almost exclusively known to the world for its film festival and idyllic setting, but on May 4 and 5, nearly 400 delegates will descend on the French Riviera to attend the second Rendez-vous de Cannes, an event organised by French maritime and transport insurers.

Patrice Gilbert, chief executive of CESAM, the insurance services organisation, says that the aim of this year’s conference will be to establish and identify Read More…


Moore Stephens Isle of Man, leading providers of multi-sector wealth management services has today announced a comprehensive financial support service for Superyacht crew through one of its group companies, Moore Stephens Crew Benefits Limited.

Speaking about the service line, Clive Dixon, managing director said: “While this was the logical next step in the development of the product, we actually ended up with a brand new offering powered by the International Read More…


Today’s ship suppliers are raising their game to meet the needs of more discerning clients, says the UK’s leading ship supplier Hutton’s.

Hutton’s has noticed a recent step up in the expectations of clients who are increasingly requesting top notch supplies to meet higher onboard standards, notes Alex Taylor, Hutton’s Managing Director.

He says this call for quality is particularly loud in the burgeoning offshore industry – a Read More…

Gothenburg welcome new ‘cold ironing’ tax break

The Port of Gothenburg has welcomed a tax break granted by the Swedish government to boost the use of onshore power supply for ships.

The break, announced as part of the government’s recent fiscal policy bill, means that onshore power supplies will become financially attractive, says Magnus Kårestedt, chief executive of the port. The port’s management has long worked to create fiscal incentives for shipping companies and ports using the Read More…

Cruise parties for a pound

MSC Cruises has come up with the ideal solution for cruising with a friend by offering cruises for £1 when one adult orders a full price Mediterranean cruise for 2011. The deal is on condition that the two share a cabin and that the booking is made by May 10th , 2010.

Standard prices are £299 for three nights and £799 for seven or 11 nights. Though flights are not Read More…

Muuga Container Terminal granted certification

The Tallinn-based Muuga Container Terminal has become the first container terminal in the Baltic to be certified under the newly-introduced Container Terminal Quality Indicator guidelines.

Germanischer Lloyd Auditors were impressed by the transparency of operations at the terminal and commented on the mixture of modern technologies and well-trained staff, as well as loading and unloading efficiencies.

The Muuga terminal handled over 950 vessels in one year (including over Read More…

EMS’ ship management operations back in profit

Oslo-listed Eitzen Maritime Services has reaped the first dividends of the restructuring and cost-cutting initiatives taken in 2009 by returning to profit in the first quarter of this year.

EMS earned $800,000 in the first three months of 2010 after reporting losses of $18.3m in the final quarter of 2009. Revenue was up from $118.1m to $131.9m year-on-year thanks to a 16% increase in sales by the ship supply division, Read More…