Shipping confidence hits 18-month high

Confidence in the shipping industry rose in the last quarter to its highest level for 18 months, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. The average confidence level expressed by respondents to the survey was 6.4 out of 10.0, compared to 5.8 Q3 2019. This is the highest […]

BIMCO publishes new sanctions clauses to meet geopolitical challenges

BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments. Sanctions have become a widely used geopolitical tool by governments. The rules are complex, imprecisely drafted, often changing, and the risks of […]

Lloyd’s Register’s certification validates Wärtsilä Marine’s cyber security measures

The technology group Wärtsilä has been awarded Lloyd’s Register (LR) system-level cyber certification for its network architecture relating to Wärtsilä’s integrated main and auxiliary machinery. The LR’s ShipRight SAFE AL2 certification, which is with Wärtsilä’s Data Collection Unit (WDCU), gives Approval-in-Principle (AiP) for the entire Wärtsilä integrated system network, rather than for any individual component. […]

Nippon Paint Marine’s LF-Sea hull coating wins Global Warming Prevention Award

Nippon Paint Marine Coatings low-friction hull coating system LF-Sea has won a 2020 Japanese Government Award for Global Warming Prevention Activity. Japan’s Parliamentary Vice-Minister of the Environment, Tetsuya Yagi, presented the award to NPMC President Seiichiro Shirahata after a Select Committee found the coating system met all the criteria in the Countermeasure Technology category. In […]

Bahamas is re-elected to IMO Council

The Bahamas Maritime Authority (BMA) has announced that The Bahamas has been successfully re-elected to Category C of the IMO Council for the period 2020-2021.  This will be the 20th consecutive year that the Bahamas has been a part of the IMO Council which is the executive organ of the IMO and is responsible for […]

Indian Register of Shipping receives major shipping accolades

The Indian Register of Shipping (IRClass) received major shipping accolades in December 2019, cementing its growing influence as an international ship classification society as the year draws to a close. IRClass continued to be featured in Lloyd’s List’s ‘Top 10 classification societies 2019’, validating its growing presence across Asia Pacific and Europe as it adds […]