Bureau Veritas Solutions Marine & Offshore is encouraging the shipping industry to embrace higher standards in ship recycling and offering its guidance to help meet the challenge of compliance. BVS, with a network of trained experts world-wide, provides ship owners, ship managers and ship recycling facilities with a full scope of services to support compliance. […]
Petroleum tanker owner and operator AET today (Wednesday) named its newest vessels, two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40 to 48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization’s (IMO) target of reducing carbon (CO2) […]
The World Maritime University (WMU), founded by the International Maritime Organization (IMO), has widened its focus to include the marine hull and machinery insurance sector for the first time, thanks to a new cooperation with American Hellenic Hull Insurance Company (AHHIC). On the occasion of Maritime Cyprus 2019, hosted by the Deputy Ministry of Shipping […]
IBM announced today (Wednesday) that it has joined a global consortium of partners, led by marine research organisation ProMare, that is building an unmanned, fully-autonomous ship that will cross the Atlantic on the fourth centenary of the original Mayflower voyage in September 2020. The Mayflower Autonomous Ship (MAS) will use IBM’s servers, AI, cloud and […]
Clyde & Co has released its 2019 Middle-East Deal Study, which shows that both deal volumes and aggregate values have increased since 2017 despite relatively tougher market conditions: deal value is up 57% to $3.15 billion and the number of deals has increased by 14% to 89 deals. Now in its fourth edition, this annual […]
GAC has tapped into the psyche of its younger generation of employees to understand the issues that will drive growth and sustainability in the future. The GAC Millennials Ideas Forum was held in Dubai in late September when 21 millennials selected from across the globe came together to identify their big issues and provide insights […]
The Britannia Steam Ship Insurance Association Limited has declared a $15 million capital distribution to its mutual Members. In August 2019, S&P re-affirmed Britannia’s A (stable) rating with capital well above the AAA level and an ‘exceptional’ liquidity rating. However, the 2018/19 policy year was challenging, with lower than projected investment returns and claims being […]
The Schulte Group and the Cyprus Ports Authority signalled a new chapter in their 47-year-long partnership during the inauguration ceremony of the new façade of the BSM Maritime Training Centre Workshop Training Facility. Held in conjunction with the recently concluded Maritime Cyprus Conference on 7 October 2019, the inauguration ceremony was officiated by Yiannis Sykas, […]
