The Essential Tool For Today's Ship Owners And Ship Managers
The Panama Canal Authority (ACP) has extended the submission date for the proposals to build the new set of locks. The four consortia vying for the contract will now have until March 3, 2009 to submit their bids for what will be the largest and most important project under the $5.25 billion expansion program.
The ACP received requests to extend the bid submission due date and, with the success of … Read More…
Tensions heated up on the high seas, as the French Navy captured nine pirates near the Gulf of Aden and a Somali pirate warned Thursday that the crew of a hijacked Ukrainian arms ship would be killed if NATO forces attacked, according to a report by Associated Press.
The French Navy intercepted the pirates in two small boats about 115 miles (185 kilometers) from the nearest coast, finding … Read More…
Top Ships has pulled out of takeover talks with an affiliate of Greek Billionaire shipowner George Economou after it reduced its offer price from $6 per share to $3 per share in cash for Top Ships stock.
Top Ships said that “after consideration of numerous factors, including the recent volatility in global markets and decline in the company’s share price on the Nasdaq Stock Market, the company’s Board … Read More…
Leading classification society Germanischer Lloyd has spoken out to shipowners and operators to remain vigilant to maintaining safety and quality standards of vessels in a period of economic downturn, and has issued advice on how to save costs under widespread financial strain.
Concern is rife over the possible future construction of substandard vessels off the back of a global credit crisis, as the worry for shipyards to cut corners … Read More…
More and more ship owners are walking away from their newbuilding deposits leaving shipyards with the impossible task of finding takers for the uncompleted projects, according to Evangelos Pistiolis, head of Top Ships.
Speaking ahead of today’s expiration of an extention to an exclusivity agreement with an affiliate of George Economou, the Greek shipowner, involving a possible takeover of Top Ships, Evangelos Pistiolis said this will mean many … Read More…
The escalating financial crisis that has brought the global shipping industry to a standstill has taken a new twist after it was divulged that one German bank is reported to have paid a ship owner to get out of a newbuilding financing arrangement.
Shipowning sources contacted by SMI confirmed that the bank not only paid off the shipowner’s deposit at the shipyard but paid him an additional $3million … Read More…
The results of a three year study designed to draw up a pan-industry set of usable and comparable Key Performance Indicators to measure quality ship management services will be unveiled by InterManager, the trade association of in-house and third part ship managers, at its Annual General Meeting in Singapore on November 17th.
In a separate move, the AGM announcement will also mark the movement into ownership by InterManager of … Read More…
Singapore Telecommunications and Becker Marine Systems Communication, a leading maritime communications services provider, have signed a teaming agreement to offer cutting-edge managed Infocomm Technology (ICT) solutions for the global maritime industry.
Under the agreement, Becker Marine Systems Communication will seek to incorporate SingTel’s suite of Maritime Satellite solutions into its umc.global network managed services platform. By extending applications such as corporate email, Intranet and Internet access and voice … Read More…
Hong Kong-based Wallem Group has become the latest third party ship manager to install Blue Ocean Wireless (BOW) GSM communication capability across its managed fleet.
For the first time, all crew onboard Wallem-managed vessels will be able to call or text their friends and family from the privacy of their own cabins. The seafarers will also be able to receive phone calls and text messages. All crew members … Read More…
Breakthrough installations have been completed of a fail-safe ship technology that automatically prevents the negligent or wilful discharge of oil overboard.
A liquefied natural gas carrier and a car carrier, under completion at leading South Korean yards, will be the first ships at sea to feature SmartSafe, the shipping industry’s first working automatic ‘plug and play’ Bilge Overboard Security System to tackle those intent on using ‘magic pipes’ to … Read More…
The European Commission is to take the UK to the Court of Justice for failure to respect EU legislation on ship-source pollution and on penalties for those responsible for polluting discharges. It also decided to send a reasoned opinion to the UK authorities for incorrectly transposing into national law legislation on the European vessel traffic monitoring system.
According to Brussels sources, the UK has failed to notify its … Read More…
Anti piracy measures in the Gulf of Aden this week received a boost with the news that United Nations Secretary General Ban Ki-moon is backing calls for an extension of the UN Security Mandate enabling navies to enter Somali waters to confront piracy attacks.
Mr Ban has declared his support for the move and plans to convey it to the Security Council, together with an endorsement of the … Read More…
