SMI Newsdesk Archives

IRI opens offices in Houston and Dubai

International Registries, Inc. (IRI), Administrator of the Marshall Islands Maritime and Corporate Registries, has expanded its worldwide network by opening offices in Houston and Dubai. This expansion enables the Registry to further augment its services and will provide clients in these areas with the full expertise of the Registry in their local regions.

Bill Gallagher, President of IRI (pictured), said: “Opening offices simultaneously in Houston and Dubai is Read More…

Cost-cutting is making life at sea ‘miserable’

Danish officers believe that the shipping companies are cutting expenses so much at the moment that it makes the sailors’ life a misery. Savings include everything from the everyday laying of the table on board to therapy assistance, according to MaritimeDanmark.dk.

“It is always annoying when expenses must be cut. The sailors understand that the shipping companies have to save money, but they do not like it when provision of Read More…

Shipping confidence levels plummet

Confidence levels in the shipping industry have declined by more than 20% over the past twelve months, sparking fear among owners as markets continue to deteriorate and competition turns vicious.

A twelve month analysis of the Shipping Confidence Survey, produced by shipping consultant Moore Stevens, revealed that the average shipping confidence level expressed by owners and managers was down from 7.1 to just 5.4 against last year’s figures, Read More…

UK Shipping Minister opens Port of London Authority’s centenary celebration

Underlining a remarkable 100 years of crucial services to the history of British shipping, Jim Fitzpatrick MP, UK Shipping Minister, opened a commemorative exhibition on the history of the Port of London Authority (PLA), emphasising its imperative role in trade movement into and out of London over the past century, reports Amy Kilpin.

He said: “As Britain’s second largest port, it is an important reminder that the Port Read More…

StealthGas postpones LPG newbuilding delivery dates

Nasdaq-listed StealthGas Inc has finalised negotiations with shipyards that has resulted in the delivery of five of its ordered LPG Carriers being postponed until 2011 and 2012 with no vessels now being delivered to the Company during 2010.

In a separate move, it is also considering legal action against Genoa-based Societa Cooperative di Navigazione G. Giulietti, one of the charterers, to recover losses after it terminated the bareboat Read More…

Pirates detained after wrongfully targetting a naval vessel

Pirates proved their lack of intellectual worth as they misjudged a full-frontal piracy attack on a German tanker for a an attack on a fully-armed naval vessel. Forcefully rebuked by a collusion of EU and NATO naval forces, the pirate’s mishap culminated in the arrest of seven marine outlaws who now await a hefty trial.

Seven nations representing three task forces resisted the hostilities in the defence of the Read More…

IMO commissions African SAR coverage

Further key links in the plan to provide effective search and rescue (SAR) coverage off the coast of Africa have been established with the commissioning of two search and rescue sub-centres that will operate in conjunction with the existing regional Maritime Rescue Coordination Centre (MRCC) in Mombasa, Kenya.

The two sub-centres, in Dar es Salaam, United Republic of Tanzania and Victoria, Seychelles, were commissioned on March 25th and Read More…

Box ships are ‘idle’ not laid up

Not one vessel in the world’s container fleet has been laid up as a result of the financial crisis but are in active waiting mode ready to respond to changes in the market situation, according to Gerry Wang, CEO of Seaspan Corp.

Addressing the Capital Link Forum in New York, he said: “All are in an idle position rather than being laid up. When you talk about the Read More…

V.Ships questions KR boss’ credentials

The world’s largest shipmanagement company has upped the ante in the fight to clear the names of the officers at the heart of the Hebei Spirit case by questioning whether the head of the Korean Register had the authority to make the recent “injurious” comments he made in the press about the officers at the heart of the Hebei Two criminalisation case.

Kong-Gyun Oh, who is also Chairman Read More…

Writer’s block

They say there is a book in all of us but shipping financier Paul Slater has two: one a novel he is struggling to get organised with and another book idea about his life in shipping.

To say he is the next Barbara Taylor Bradford or indeed that he is planning to take a leaf out of Richard Branson’s autobiographical books (so to speak) is possible stretching it Read More…

Captain Fantastic wows CMA

They say that shipping is moving from west to east and it was nowhere more aptly demonstrated than Stamford Connecticut when CMA dubbed Cosco President and chief executive Captain Wei Jiafu its Commodore for 2009.

The smiles were out for the Cosco chief as he told the estimated 900 diners assembled in the ballroom of the Hilton Hotel as well as in the lobby downstairs where they saw Read More…

Manning crisis will get worse – Stene

The global financial crisis may have helped to keep seafarer wage increases in check but it has not, and will not, ease the manning shortage crisis that has blighted this industry for the past three to four years, a leading crew manager has claimed.

Addressing the CMA Shipping 2009 conference in Stamford Connecticut, Ole Stene, Aboitiz Jebsen Bulk Transport, said that unless the situation dramatically improves, “our ship Read More…