SMI Newsdesk Archives

Wartsila wins Pipavav contract

Wärtsilä, the marine industry’s major ship power system integrator, has signed a ship design contract with Pipavav Shipyard of India. The contract calls for a total of 12 Offshore Supply Vessels (OSVs) to be designed by Wärtsilä and built by Pipavav, for delivery to ONGC – Oil and Natural Gas Corporation Ltd, which is the largest oil and gas producer in India. The yard is scheduled to begin production of Read More…

Tax-filing alert for UK shipping non-domiciles

Leading international accountant and shipping consultant Moore Stephens says completion of the 2008/09 tax return for UK non-domiciliaries operating in the shipping industry is likely to be more complex than in previous years.

Gill Smith, a tax partner with Moore Stephens in London, said: “This is the first year for which most non-domiciliaries who have been resident in the UK for more than seven years have to choose whether to Read More…

Magnificent Seven

Seven cruise liners have sailed into Valletta’s Grand Harbour with 7,478 guests onboard. These ships included the MSC Musica, MSC Splendida, Coral, Island Sky, Prinsendam, Arion and Seven Seas Navigator. A total quay length of 1.36km was used to service these vessels.

The ships berthed at the Valletta Waterfront’s quays: Pinto 1 – 2, Pinto 3 and Pinto 4 – 5; on Deep Water Quay as well as Read More…

Stop imprisoning our seafarers

The Round Table of shipping associations has called on governments to stop imprisoning seafarers without charge claiming that that the spread of criminalisation and unfair treatment will only jeopardise the global recruitment and retention of seafarers.

In a joint statement, BIMCO, Intercargo, INTERTANKO and the ICS/ISF said the shipping industry abhored the unwarranted criminalisation of seafarers in any jurisdiction and called on port and coastal state authorities worldwide to respect Read More…

Bibby Ship Management passes training milestone

Bibby Ship Management has announced it has trained more than 1,000 graduates at its dynamic positioning training facility in Mumbai.

The company opened the Sir Derek Bibby maritime training centre in April 2006 in response to a lack of this type of training facility in India.

Offering DP, GMDSS and welding training to seafarers, the centre has now seen 1,112 mariners through its doors for its DP courses.

Conducted over Read More…

NATO flagship evacuates casualty from merchant ship in pirate waters

On 31 October, the NATO Flagship in the Gulf of Aden, HMS Cornwall, received an emergency call over the radio from MV APL Hamburg and as she was only some 40 nm away, sprang to her aid. A crew member was critically ill and needed medical assistance.

The Royal Navy frigate is currently part of NATO’s Operation Ocean Shield task group combating piracy off the coast of Somalia.

Read More…

LR cleared to issue anti-pollution certificates to US flag vessels

The US Coast Guard has delegated authority to Lloyd’s Register to issue MARPOL Annex VI International Air Pollution Prevention Certificates (IAPP) on their behalf to US flag vessels.

The IAPP delegation completes the full suite of delegated authorities available to Lloyd’s Register for marine vessels as a recognised organisation with the US flag administration.

To formalise the new statutory authorisation, Richard Sadler, Chief Executive Officer of Lloyd’s Register, Read More…

Increased VAT liability warning for European shipping companies

International accountant and shipping consultant Moore Stephens has warned that, under changes to the VAT international services rules which take effect on 1 January 2010, shipping companies in Europe could incur increased VAT liabilities and costs on certain services bought in from other countries.

Gwen Ryder, Head of VAT at Moore Stephens, said: “The changes will widen the services which currently attract VAT under the ‘reverse charge mechanism’, so that, Read More…

Up to 364,000 seafarer shortfall by 2050, says Tokyo think tank

The gloomiest forecast yet of the widening scarcity in skilled and trained seafarers has been delivered by the highly respected Tokyo-based think tank Ocean Policy Research Foundation which claims that a boom in global seaborne trade over the next 40 years will result in a shortfall of 364,000 seafarers by 2050.

Predicting that world seaborne trade will increase by a factor of 2.5 from 29,043 billion ton-miles in 2005 to Read More…

Ship destined for illegal breaking in India found a new career

A gas tanker that was detained under suspicion it would be dismantled illegally has today (Thursday 29 October) been released by the UK Environment Agency.

The Margaret Hill, a 50,700 tonne liquid natural gas tanker, was stopped from leaving Southampton docks in August this year. The Environment Agency took swift action after it received intelligence that the ship was bound for dismantling on the Indian subcontinent, where ships are routinely Read More…

New Yantian-Zhuhai feeder launched

The first feeder service connecting Yantian International Container Terminals (YICT) and Zhuhai International Container Terminals (Jiuzhou), has been officially launched.

The new service, an additional express feeder service for this region, links the largest export gateway in South China and the busiest river port on the west bank of the Pearl River.

YICT and ZICT(J), both members of the Hutchison Port Holdings (HPH) Group, are two very important Read More…

Financial reporting requirements undergo further change

International accountant and shipping consultant Moore Stephens has warned that changes to international financial reporting requirements could lead to alterations in the way in which shipping companies prepare their accounts.

According to Moore Stephens Technical Partner David Chopping, a few years ago, the International Accounting Standards Board (IASB) “took note of the complaint that it kept changing things. It therefore agreed to have a few years when standards didn’t change – Read More…