SMI Newsdesk Archives

Greek Shipping Council oppose emissions tax

The Greek Shipping Cooperation Council (GSCC) has reiterated its grounding opposition to any tax or ‘market based instrument’ on greenhouse gas emissions from shipping, despite the widespread push for the industry’s inclusion into an emissions tax regime endorsed by the IMO and the UN, to be discussed in Copenhagen later this year.

Epaminondas Embiricos, Chairman of GSCC, said: “The maritime sector, on the basis tonne miles of cargo carried, Read More…

InterManager hits back at ‘bank overcharging’ allegations

InterManager, the trade association for in-house and third party owners and managers, has hit back at allegations that ship managers view their relationships with the banks as a way of overcharging for the benefit of their services.

Responding to an article in the May/June issue of Ship Management International entitled “Lunde slams third party managers”, Roberto Giorgi, President of InterManager, said that ship managers, like banks and any other service Read More…

New face to head up Galbraith’s

International ship broker Galbraith’s has appointed Nick Hubbard as Managing Director, and with his 25 years experience in shipbroking as well as a previous Director and major shareholder at Howe Robinson, he hopes to lead the company to new growth.

“This is an exciting opportunity for me. Galbraith’s is an internationally known and highly respected company which operates with a strong team ethic and has more than its share Read More…

UKHO pushes for protection of marine environment

This year’s World Hydrography Day involved heavy enforcement of marine environmental protection as the drivers for navigational safety and pollution control go hand in hand in confronting the key issues facing the shipping industry.

Protection of the marine environment is seen as an imperative component of a recognised and increasing demand for non-navigational use of marine datasets, and as paramount an issue as navigational safety, the capacity to provide real Read More…

Accidents in European waters still significantly high

The European Maritime Safety Agency (EMSA) has underlined a great degree of concern as the levels of accidents and fatalities in European waters remain significantly higher than in the recent past, according to statistics from its latest annual Maritime Accident Review.

In spite of a global reduction in tonnage towards the end of last year due to lay-ups and scraps, a total of 754 vessels were involved in 670 Read More…

Nor-Shipping 2009 tops record levels

This year’s Nor-Shipping boasted record numbers of both visitors and exhibitors in direct paradox to the economic meltdown experienced across the shipping industry, with the exhibition proving the largest in the event’s history.

A staggering total of 15,999 visitors came to the exhibition venue during the four day period alongside a total of 17,780 exhibitor representatives; a considerable 15% increase in the number of Nor-Shipping delegates compared to 2007.

Read More…

Box trade still revealing significant global decline

Major global container port hubs have suffered yet further declines in box traffic, according to the latest figures for the month of May. The port of Singapore saw a sharp 20.3% drop in container volumes, while an 18% fall in container imports hit the Port of Los Angeles.

A clear indication that the container trade may not have yet seen the worst of its downward plight, the prolonged decline Read More…

Financial strength for Independent Tankers Corporation Limited

Independent Tankers Corporation Limited revealed a year on year financial profit in its annual report for 2008, with a net income of $15.3m from the preceding year’s $14m, despite a net drop in asset values of over $100m.

With business mainly concentrated on the ownership and operation of crude oil tankers on long term bareboat contracts, Independent Tankers owns or leases in six VLCCs and four Suezmax tankers, the main Read More…

GAC acts against rising piracy problem

A new solution to help combat the threat of piracy has been launched through an alliance between the GAC Group and Cerberus Maritime Services Limited, providing professional security and protective solutions for ships, cargo and crew.

As the number of piracy attacks increases exponentially, GAC Protective Solutions is one of a number of services coming in to play in merchant shipping to help counter the growing threats from regional Read More…

Fuel efficiency is top of the agenda

A new Technical Operations Performance (TOP) Monitoring service for vessels equipped with two-stroke diesel engines to operate at continuous peak efficiency has been developed by DNV to ensure maximum cost-savings for operators.

As fuel efficiency and operational performance form the key drivers for today’s cost-conscious owners and operators, extensive research has been undertaken by DNV, Marintek and several Norwegian ship owners in the development of TOP Monitoring.

A rigorous Read More…

Conditions will go from bad to worse, but rebound is imminent

Market conditions could get even worse for ship owners, with survival rates dependant on company strength and capital, according to Guy Morel, General Secretary of InterManager.

Addressing delegates at the 4th International Ship Management Summit in Oslo, he said: “Owners are only at the beginning of a long down period, and it will go from bad to worse in terms of rates and market conditions. Only the strongest and best Read More…

Online library for hazardous materials in line with new IMO requirements

An online library of material declarations has been established by DNV in early response to the future requirement for ships to possess an Inventory of Hazardous Materials onboard, as part of the IMO’s new Convention for the Safe and Environmentally Sound Reycling of Ships.

 As material declarations for ship’s structures and equipment will need to be compiled in line with the new requirements, DNV is providing an online database of declarations from manufacturers Read More…