Control Risks awarded authorisation by Panama Maritime Authority

Control Risks Maritime Security Services has been awarded authorisation by the Panama Maritime Authority as a Private Maritime Security Company (PMSC), ahead of the 3rd October deadline to provide privately contracted armed security personnel onboard Panamanian flagged vessels transiting the High Risk Area (Resolution No.106-13-DGMM of 8th March, 2012). Control Risks was one of the first eight companies […]

Persistence pays off for shipbroker in recovering charter party commission

International Transport Intermediaries Club (ITIC) has illustrated how persistence can pay off for shipping intermediaries looking to pursue legitimate claims in today’s difficult financial climate. In the latest issue of its Claims Review, ITIC recounts the case of a ship broker owed outstanding commission by time-charterers who were widely thought to be in financial difficulties. […]

Piracy is on the wane but navies should not pull out, expert warns

US Navy Rear Admiral (Ret.) Terence E. “Terry” McKnight, the U.S. Commander of Task Force 151 off the coast of Somalia, has warned that caution ought to temper demands that the unique coalition of countries’ navies now be withdrawn, largely owing to a reported decline in piracy in the Gulf of Aden. “One thing I […]

ABB provides Azipod propulsion for wind turbine installation vessels

Power and automation technology group ABB has delivered four Azipod C propulsion systems for the Blue Ocean II Wind Turbine Installation Vessel, built by Samsung Shipyard in Korea, signalling improved manoeuvrability and transportation flexibility for the vessels. The two Wind Turbine Installation Vessels Samsung built will be delivered to Singapore based offshore oil and gas […]

Wärtsilä launches efficient Aframax tanker design

Power solutions provider Wärtsilä has launched a new Aframax tanker design, tipped to offer highly efficient solutions for current and forthcoming emissions legislation. Wärtsilä Ship Design has developed a double hull, single screw crude oil tanker featuring a CFD (Computational Fluid Dynamics) optimised hull to provide less resistance with higher propulsion efficiency. The minimum time at the […]