SMI Newsdesk Archives

UK P&I Club warns over loading iron ore fines in India

The UK P&I Club has warned owners of the safety hazards associated with loading iron ore fines in Indian ports.

The warning follows incidents last year when two vessels capsized while carrying iron ore fines loaded in Indian ports and, with the south west monsoon season closing closer, the club is advising ship owners of their safety responsibilities.

Peter Harris, a senior claims director at the club said ship owners Read More…

Accord claims new lease of life for single hull tankers after phase out

Hong Kong-based Accord Shipmanagement is forecasting a surge of interest in single hull tankers across the world as the vessels are phased out this year.

“We are receiving enquiries from countries around the world where owners want to utilise single hull tankers in their territorial waters for transhipment purposes. Demand is mostly for use in the crude oil sector,” said Sanjay Shesh, Managing Director of Accord Shipmanagement.

“We are working Read More…

Drydocks World wins Hallin Marine contract

Drydocks World has won a contract to build a new state-of-the-art oil well intervention Compact Semi-Submersible (CSS) vessel, representing a third order from integrated energy industries service provider Hallin Marine. The vessel will cost a total of $110m.

Designed by STX Canada Marine Inc, the diesel/electric CSS’s primary function is to facilitate repair and maintenance to an existing well, via chemical injection on braided lines, extending perforation tunnels Read More…

Thome expands in Indonesia on the back of a change in local cabotage laws

Singapore-based Thome Ship Management has opened its first office in Indonesia after the Indonesian government recently approved a law promoting internal seaborne trade.

“The new Indonesian cabotage law which will result in the increase in the number of Indonesian-flagged vessels trading in Indonesian waters is an opportunity for us to open our own office in Indonesia,” said Thome Group chairman and chief executive officer Olav Eek Thorstensen.

Thome Read More…

Mitropoulos tells UN that co-operation is key to beating piracy

Multilateral co-operation, with coordinated patrols in high-risk areas, information sharing, intelligence exchange and hot pursuit following attacks can provide the means of reducing pirate attacks, the secretary-general of the International Maritime Organization has told the UN General Assembly in New York.

Efthimios Mitropoulos said the global character of piracy and the “imperative” of combating it made it essential that states continued to establish effective co-operative mechanisms.

The informal meeting comprised Read More…

World push for piracy action launches tomorrow

An unprecedented coalition of organisations – from trade unions to shipowners’ associations and insurers – has joined forces to back a global e-petition demanding concrete action to end the piracy that is putting lives at risk and threatening world trade.

The petition www.endpiracypetition.org, which launches tomorrow (Thursday) is the centrepiece of a new campaign to persuade all governments to commit the resources necessary to end the increasing problem of Somalia-based Read More…

INTERTANKO calls for more aggressive approach to tackle the scourge of Somali piracy

Given the global strategic importance of keeping the international shipping lanes through the Gulf of Aden and Indian Ocean open, INTERTANKO calls on governments to step up their involvement and make it more effective.

The tanker industry appreciates the efforts of the naval forces, that have been protecting international shipping in the Gulf of Aden and the Indian Ocean from Somali-based pirates, for their involvement and support, and acknowledges their Read More…

VOLCANIC ERUPTIONS MAY CREATE A VITAL NEW ROLE FOR CONTAINERSHIPS

By Clay Maitland

Volcanic ash from the Icelandic volcanic eruption alone is increasingly disrupting the supply of airfreight in many countries in Europe, including the UK, France, Germany, Spain, Italy, Switzerland and Portugal. Many products are unable to reach their markets. It is also causing transatlantic airfreight to suffer long and expensive detours and delays.

All this disruption is being caused by just this ONE volcano, which shows Read More…

K-Line in Broadband link

Japan’s K-Line has announced a new partnership with Globe Wireless to implement Inmarsat FleetBroadband service onboard its ships. The agreement improves services for crews currently using the Globe Wireless network.

Globe Wireless president and chief executive Frank J. Coles said the company’s recent appointment as an Inmarsat FleetBroadband distribution partner, combined with the Globe Total IP solution, made it “the logical choice” for such a project.

Moore Stephens in tonnage tax deadline warning

Shipping companies have been advised to examine their UK tonnage tax deadlines as some reach expiry.

Sue Bill, tax partner at leading accountant Moore Stephens said: “In the UK, tonnage tax elections are made for a ten-year period. As the regime was first introduced in the Finance Act 2000, it is likely that many of the elections made at that time may now have either expired or be due for Read More…

A ‘revolutionary’ time for Brazilian yards

It has at times been a tortuous process but this month will witness in Brazil the launch of the first tanker for 23 years, and there are tons more on the way, writes Rob Ward from Rio de Janeiro.

The launch of the first (of 10) suezmax tankers built at the Estaleiro Atlantico Sul shipyard for Transpetro – marks the completion of the first round of a revolution Read More…

London-led piracy initiative becalmed

An initiative to forge an across-the-board alliance to combat piracy through the establishment of a private navy is still some way from coming to fruition though its instigator insists it will still go ahead with private rather than a combination of public and private equity.

The $15m initiative was mooted by Sean Woollerson, a partner at insurance giant Jardine Lloyd Thompson, who told SMI: “We hosted a round table for Read More…