SMI Newsdesk Archives

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Owners and charterers should liaise on vessel routeing

Ship owners and charterers should liaise more closely with their shipboard teams when calculating vessel voyage distances, as they could face increased operating costs associated with extra ‘unplanned’ days steaming or inadvertently entering expensive and time consuming Sulphur Emission Control Areas (SECA).

According to Captain Trevor Hall, Director of AtoBviaC, ship owners are not fully aware of what tools are available to them to make more effective time and money-saving Read More…

Zim employs ‘super slow steaming’ in emissions reduction bid

Israel-based ZIM Integrated Shipping Services is to employ ‘super slow steaming’ in two of its services, Zim Container Service (ZCS) and East Mediterranean Express Service (EMX), a measure designed to cut fuel consumption and substantially reduce CO2 and NOx emissions.

One of the first shipping companies whose owned fleet is Environmental Management (ISO 14001) certified, ZIM’s adoption of super slow steaming on two of its services is part of Read More…

Frontline reports $6m Q3 net loss

Frontline, the world’s largest independent oil tanker company headed by John Fredriksen, has come under severe pressure from the decline in global shipping rates and has reported a consequential 84% fall in third quarter operating profit amounting to a $6 million net loss.

With the expectation of clawing back and creating substantial free cash-flow for dividend payments as the tanker market begins to improve, Frontline remains relatively unperturbed by Read More…

Advance International helps power Bulgarian shipbuilding

Global project cargo forwarder Advance International Transport Inc has commenced a three-year contract to provide heavy lift transport management services for Japanese-built ship engines destined for a multi bulk-carrier order being undertaken at a leading Bulgarian shipyard.

The Bulyard Shipbuilding Industry EAD is the largest shipbuilding enterprise in Bulgaria and the company designs and constructs ships up to 100,000 dwt.

The 235-tonne engines are being built by Tokyo-based Read More…

Barbados launches owners and managers association

Barbados Maritime Ships’ Registry has mirrored the enthusiasm among other Caribbean flag states to maximise on opportunities that exit in the region by launching a ship owners and managers association it believes will, among other things, boost the flow of information and analysis of issues affecting its vessels, such as legislation.

In a presentation in London George Hutson, Barbados Minister of International Business and International Transport, said the launch represented Read More…

Louis-Dreyfus named as 2010 CMA Commodore

Philippe Louis-Dreyfus, President of Louis Dreyfus Armateurs Group has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2010.

Mr Louis-Dreyfus, who recently stepped down as President of the European Community Shipowner’s Association (ECSA) follows a long succession of influential maritime industry leaders as Commodore. The Award will be presented to Mr Louis-Dreyfus on March 24, 2010 at the Gala Dinner marking the conclusion of the annual Read More…

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…


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…