SMI Newsdesk Archives

ClassNK sets out new guidelines for expected increase in Arctic shipping

Nippon Kaiji Kyokai (ClassNK) has released new guidelines for ice-bound navigation in anticipation that “the Arctic Ocean will become a regular sea route for international trade between East and West due to the effects of global warming,” it has stated.

Its new ‘Guidelines for Navigating Ice Covered Seas in Russian Territorial Waters’ have been published as a result of a rapid rise in global demand for energy and an Read More…

Odense Steel Shipyard terminates shipbuilding activities

Odense Steel Shipyard is closing down its shipbuilding capacity having run up considerable annual deficits, and despite a continued struggle to stay afloat it has realised the impossibility of attracting orders which are commercially sound, A.P. Møller – Mærsk has announced.

Expansion of shipyard capacities in low cost countries in the Far East has created a competitive situation for the shipbuilding industry which has proved fatal for Odense Steel Shipyard, Read More…

Grandweld makes grand tug delivery to Bourbon Supply Investissements

Grandweld, part of the GMMOS Group, has delivered the Bourbon Yack to Bourbon Supply Investissements, France, the first in a series of four high-performance ASD terminal escort tugs scheduled for delivery throughout 2009.

Designed for berthing and unberthing large ships, particularly oil and LNG tankers at exposed terminals, the vessels provide a high standard of tanker escort capability alongside emergency response and fire-fighting facilities in the vicinity of oil Read More…

Arklow Shipping deploys ECDIS in line with industry change

Arklow Shipping, short-sea dry cargo specialist, is increasing its implementation of ECDIS (Electronic Chart and Display Information) systems onboard its ships as part of a major fleet expansion programme and in response to upcoming changes in legislation.

With cost savings of around 10% to 15% a year being one of the prevailing benefits, investing in ECDIS has also helped the company cope with pressure on manpower, according to Captain Dave Read More…

Shipmanagement will be stronger than ever before

Shipmanagement will emerge from this crisis far stronger than ever before as owners continue to battle with high operating costs levels, according to Peter Cremers, CEO of Hong Kong-based manager Anglo Eastern.

Talking to SMI, Mr Cremers said cost was a higher driver than before in shipmanagement and while managers would have to prove they could hold onto the business when the markets improved, they would be in Read More…

Top takes delivery of last product/chemical carrier

TOP Ships has taken delivery of the Hongbo, the last of six 50,000 dwt product/chemical tankers delivered within 2009 but has had to issue shares as security for its financing.

The vessel has entered into a bareboat time-charter employment for a period of 10 years at a daily gross rate of $14,550. In addition, the company has issued 12,512,400 shares of its common stock to its wholly-owned subsidiary, Hongbo Shipping Read More…

Make sure you know who is supplying your ship

Ship owners and managers should spend more time checking the validity and ability of suppliers servicing their ships and not just opt for the cheapest price, the President of the International Shipsuppliers & Services Association (ISSA) has warned.

Working only with quality assured ship suppliers can also guard against the supply of inadequately sourced supplies and pirated spare parts being sold on as the original, said Jens Olsen, Read More…

Finnish training centre wins accreditation

Aboa Mare University of Applied Sciences, located in Turku (Finland), has recently received the accreditation of the Nautical Institute as an official Dynamic Positioning (DP) training center. Dynamic positioning is becoming especially important for sophisticated offshore operations and the need for corresponding training facilities is increasing rapidly.

The new DP bridge simulator in Turku is based on the Navis NavDP 4000 Trainer Simulator. The DP training facility comprises Read More…

EU to train Somali forces in piracy fightback

The European Union has announced plans to train Somali security forces to tackle the pirates operating along the country’s coast. It will send a planning team to the region next month. The training will take place in neighbouring Djibouti, which has French and US military bases. EU nations have already sent ships to fight the pirates in the Gulf of Aden.

But Somalia’s embattled government has always argued that training Read More…

US and Philippines Agree to Fight Piracy

The US and the Philippines have agreed to work together to tackle the issue of piracy as attacks continue to threaten US vessels and put the lives of Filipino seafarers in danger.

US Secretary of Transportation Ray LaHood met with President Gloria Arroyo of the Republic of the Philippines and signed the first joint nonbinding Memorandum of Cooperation between the two nations to address the piracy issue. It is estimated Read More…

Lemissoler mulls $300m buying spree

Limassol-based ship owner and ship manager Lemissoler Shipping Group has $300 million to spend on the S&P markets and could start a buying spree towards the end of the year.

According to company CEO Philippos Philis, Lemissoler is already scrutinising the sale and purchase markets to ensure that when it does enter the fray, it will buy the units at the best price but also at the right Read More…

Richardson named as new V.Ships Group CEO

Global shipmanagement company V.Ships has appointed Clive Richardson as Group Chief Executive Officer with immediate effect. He will be based in the Group’s London office. David Hoare, who has been acting Group CEO, will return to his position as Non-Executive Chairman.

Mr Richardson joins V.Ships after spending 18 years with BAe Systems. Initially he was employed as Legal and Commercial Director of BAe Airbus, then in the Defence Systems Group, Read More…