SMI Newsdesk Archives

US Department of Transportation awards $17.1 million in shipyard grants

The US Department of Transportation’s Maritime Administration has announced $17.1 million in grants to 14 small shipyards in 10 states. The grants are part of the Assistance to Small Shipyards program.

“Small shipyards are vitally important for the health of the maritime industry, and for the nation’s economy,” said Secretary of Transportation Ray LaHood.

The purpose of the grants is to make capital and infrastructure improvements that facilitate the efficiency, Read More…

Shipping ponders changes to accounting treatment of leased assets and liabilities

The shipping industry has until July 17th this year to respond to an International Accounting Standards Board (IASB) discussion paper on the accounting treatment of leases, according to the leading international accountant and shipping consultant Moore Stephens.

Richard Greiner, a partner with the Moore Stephens shipping group, said: “Although it is likely to be at least two years before any new standard comes into effect, the big decisions on what will Read More…

Schat-Harding sets world record freefall drop height

Leading lifeboat and davit manufacturer Schat-Harding has set a world record for a lifeboat freefall drop by successfully launching its new FF1200 offshore lifeboat from a drop height of 55 metres.

Fully loaded and with an all up weight of 30 tonnes the FF1200 was dropped into the sea from a 55 m test rig at Schat-Harding’s Rosendal facility in west Norway this week. The boat surfaced with Read More…

Shipyard coating practice completes 100th analysis

Lloyd’s Register and International Paint have celebrated the completion of the 100th gap analysis, which assesses shipyard coating practices against Performance Standard for Protective Coatings (PSPC), at STX France Cruise SA, Saint-Nazaire.

Two years after completing the first PSPC in a Chinese shipyard, the PSPC gap analysis was conducted over a two day period at the yard, followed by a presentation to shipyard senior management and departmental managers designed Read More…

Onboard outbreaks leave swine flu medication in short supply

Ship owners and managers are struggling to source the anti-viral drug Tamiflu for the escalating number of swine flu outbreaks onboard ships, according to UK ship supplier Hutton’s.

As swine flu proliferates across the globe, ship owners and managers are grappling to stock up on Tamiflu to protect their ships and crew from the potentially dangerous virus, yet where the drug is sourced, it is being sold at extortionately high Read More…

Stolt-Nielsen concerned about the future despite doubled profits

Stolt-Nielsen S.A (SNSA) has recorded a $27.7 million in net profits attributable to shareholders for the second quarter of 2009, a staggering increase from just $14.4 million in its first quarter results, yet in spite of this, the company remains “concerned about the economic outlook.”

While revenue proved essentially unchanged at $393.3 million, compared with $392.3 million in the first quarter, the company has warned that the industry is Read More…

Shipping confidence up but concern builds over newbuilding glut

Overall confidence levels in the shipping industry have shown a slight improvement over the past three months, according to the latest Shipping Confidence Survey from leading international accountant and shipping consultant Moore Stephens. But there are high levels of concern about the harmful effects of the glut of newbuildings that will continue coming onto the market over the next year.

The average confidence level expressed by respondents, on a scale Read More…

VIzada launches FleetBroadband 150

Vizada, the independent satellite communications provider, today launches Inmarsat FleetBroadband 150, a new service for the maritime community delivering voice, IP data and SMS, at speeds of up to 150 kbps. Additionally, Addvalue Technologies has appointed Vizada as its first Tier 1 distributor partner for Addvalue’s SkipperTM 150 FleetBroadband terminal.

With a mobile satellite terminal measuring 29 cm, the Inmarsat FleetBroadband 150 (FB150) service is designed for smaller vessels with Read More…

UK shipping industry welcomes Government’s new focus on skills

The focus of the UK Draft Legislative Programme (due to be launched today) “New Industry, New Jobs” – on improving skills, supporting low-carbon services and industries, the continued openness of the global trading system and ensuring Government action across departmental boundaries – has been welcomed by the Chamber of Shipping.

“The Government’s Draft Legislative Programme certainly suggests that we should see a more positive and joined-up approach to the needs Read More…

Welcome Home Hebei 2- but still much to be done.

After 500 days, the Hebei 2 were finally released by Korea to fly home earlier this month.

In Mumbai and Chennai, celebrations were held in a massive display of support for the officers whose only crime was to be in Command of their anchored very large crude oil tanker when it was hit by a huge runaway Samsung Crane barge in 2007. At the celebrations, representatives of the Read More…

Brussels launches €3 million programme to boost shipping’s image


By Sean Moloney

The European Commission has heeded industry concerns about the poor image of shipping and launched a €3 million programme it hopes will boost seafarer recruitment and open up awareness about the industry to the general public.

The programme, which should get underway by the middle of next year, will last three years and involve significant participation by interested parties from the shipping industry.

Addressing Read More…

Singapore Shipping Association roots for bunker levy

The Singapore Shipping Association (SSA) has backed the establishment of a greenhouse gas (GHG) compensation fund through taxation on bunker usage to tackle shipping’s emissions, in opposition to a widely-proposed emissions trading scheme.

S. S. Teo, President of the SSA, revealed that a bunker levy scheme would be “more fair, practical, easier to implement and is likely to be more transparent” than an emissions trading scheme (ETS).

He indicated Read More…