SMI Newsdesk Archives

Dockwise wins $42m shipment contracts

Dockwise Shipping has won nine near-term contracts worth $42 million to ship a jack-up drilling rig, dredging equipment, military and various other cargoes as well as the previously announced first quarter transportation of the HMS Endurance.

Together with industry partners, it will to transport the drilling rig Soraya to its new assignment in Thailand. On behalf of various clients, Dockwise Shipping has been contracted to transport three dredging Read More…

DMC launches industry fora

Dubai Maritime City Authority has underlined its role as guardian of the maritime industry in Dubai by launching a series of industry forums that will focus on changes to regulation around the world. The first forum, which covered shipping and the environment, was hosted by the Environmental, Health, Safety and Security (EHSS) department at the DMC Authority and looked at the key issue of discharges by vessels trading Read More…

Anglo Eastern opens Mumbai Academy

A new maritime academy designed to accommodate up to 240 High School graduates has been set up by the Hong Kong-based Anglo Eastern Group in Mumbai and the first students are due to settle in by this August.

It is “a long-time dream come true,” said Peter Cremers, Anglo Eastern CEO.

Under the deal, Anglo Eastern acquired an existing school set on a 53 acre site, including hostel Read More…

Maersk Tankers diversifies in fight against climate change

Maersk Tankers has taken a leap of environmental responsiveness by entering into the CO2 transportation market, which promotes the wider use of Carbon Capture and Storage (CCS) – a technology identified as key to mitigating the effects of climate change.

Martin Fruergaard, Senior Vice President of Maersk Tankers, said the initiative was designed to “act on the global challenge that is climate change and to develop innovative and creative ways Read More…

Insurance business models may fall short of Solvency II requirements

Leading accountant and consultant Moore Stephens has warned that some existing internal business models in the UK insurance industry may not meet the standard required under Solvency II, the EU project to create a system of risk-based prudential regulation in the insurance sector.

Simon Gallagher, head of the Moore Stephens Industry Group, says, “Insurers face a variety of challenges in achieving Solvency II compliance, some of them entirely new to Read More…

Norway hits troubled waters

Norway’s major maritime players have expressed deep concern over their sustainability through the troubling years ahead, as the global financial crisis hits the country’s shipping activity head-on, reports Amy Kilpin from Oslo.

Classification society Det Norske Veritas (DNV) has warned that as many as 8,000 vessels could be affected by cancellations and lay-ups in the next few years, and has stressed that the Norwegian maritime sector has suffered Read More…

IMB identifies fake frozen fish shipments

The ICC International Maritime Bureau (IMB) has uncovered a number of suspicious shipments of frozen fish, all containerised and bound for mainland China.

Whilst carrying out routine checks on behalf of members on the authenticity of Bills of Lading, the Bureau identified several fraudulent shipments that shared a number of similarities. All of the shipments were bound for mainland China, but they originated from a number of different Read More…

Ice load monitoring makes Arctic Navigation safer

A three-year research project initiated by DNV has led to the development of an ice load monitoring system that provides bridge personnel with real-time information about the actual ice loads on the ship’s hull and shows satellite information about the ice integrated into electronic navigation maps.

According to the Norwegian class societyu, shipping activity in ice infested waters is increasing and seasonal variation, combined with the effects of climate change, Read More…

Unitor owner freezes prices as credit crunch bites

Wilhelmsen Ships Service, one of the world’s largest ship suppliers, has bowed to market pressure and announced a price freeze on thousands of its products with immediate effect.

In a statement, the company said it reflected its continuing policy to adjust prices to reflect market conditions and to share reduced operating costs and cost savings with customers wherever possible.

David Tandy, President of Wilhelmsen Ships Service (pictured), said: Read More…

Wallem gets talking with its seafarers

Wallem has joined Bernhard Schulte and Maersk in realising the benefits of installing more crew-specific telecommunications onboard their ships by rolling out the Blue Ocean Wireless GSM solution to about a quarter of its managed fleet. As of 6th March, 58 vessels had been successfully installed with the service.

Following the move, seafarers from more than 50 vessels will be able to call and text their loved ones Read More…

Iridium replaces ‘lost’ satellite

Satellite Communications airtime provider Iridium has completed the replacement of the operational Iridium satellite lost in the collision three weeks ago with a non-operational Russian satellite. The unique architecture of Iridium’s fully-meshed network of 66 satellites enabled the continuity of service to Iridium’s customers while one of Iridium’s in-orbit spares was prepared and maneuvered into the constellation.

“I am particularly proud of the Iridium and Boeing teams that manage our Read More…

Danish shipping in continuous growth

The large decline in the shipping industry will not make the Danish shipping companies lower their expectations. The crisis means that it may take a longer time to reach the ambitious goals, but they will be reached, according to Danmarks Rederiforening.

“Danmarks Rederiforening expects to see Danish shipping industry come through the international economical crisis strengthened and to keep on expanding its market share”, said Jan Fritz Hansen, CEO of Read More…