UK cements Chinese maritime ties at International Shipping Strategic Development Forum

The UK’s £2bn maritime services sector cemented its ties with China’s shipping industry at the 3rd International Shipping Strategic Development Forum in Shanghai organised by the trade promotional body Maritime London.  With high profile support from the Lord Mayor of London David Wooton who opened the forum, the event was attended by 450 and brought […]

Moore Stephens calls for rethink on capital gains exchange rate distortions on ships

International accountant and shipping consultant Moore Stephens has urged the UK government to remove exchange rate distortions when calculating capital gains on ships Moore Stephens tax partner Sue Bill said: “Currently, all capital gains and losses subject to UK corporation tax are calculated by reference to sterling, with the result that capital gains and losses […]

Sea Marshals gains ISO approval in record month

Private Maritime Security expert Sea Marshals has gained ISO9001:2008 approval in a month which saw the company protect a record number of vessels transiting the Gulf of Aden – up 22% on the previous month. To cope with this increasing demand, the company has hired 20 additional qualified ex-military British security operatives this month and […]

Alternative Environmental Ratings Systems are premature and often inaccurate – Intercargo

Following the recent announcement from charterers applying an ‘Existing Vessel Design Index’ (EVDI : TM) to the ships they charter, Intercargo, the trade Association representing the interests of the bulk shipping industry, has today called for further dialogue to ensure that charterers remain connected with ongoing environmental IMO discussions. Intercargo believes that failure to appreciate […]

DDW and PCS in new shareholder pact

Drydocks World LLC (DDW LLC) & Pacific Carriers Limited (PCL) a fully owned subsidiary of the Kuok (Singapore) Limited Group have entered into a shareholders agreement in respect of the Drydocks World-Southeast Asia Pte. Limited (DDW SEA) Group. Under this agreement which was signed on September 26th 2012, PCL acquired & subscribed to 67% of […]

Charterers take lead on carbon reductions for the existing fleet

Cargill, one of the world’s leading international transporters, producers and marketers of food, agricultural, financial and industrial products, Huntsman Corporation, the global manufacturer and marketer of differentiated chemicals and UNIPEC UK Company Ltd, trader of crude oil and oil products, have announced they will only charter the more efficient vessels operating in the shipping market. […]

IP calls for standardised rules for clean technologies

International Paint, one of the world’s largest suppliers of marine paints and coatings, has called on the International Maritime Organization’s Marine Environment Protection Committee (MEPC) to work with independent, vessel performance monitoring organisations to develop a standard methodology to determine the energy saving and eco-efficiency impact of clean technologies fitted to new and existing vessels. […]