Winner of the 2023 Lüddeke Prize announced by The Nautical Institute

The Nautical Institute (NI), the international representative body for maritime professionals, is pleased to announce Rei Misa (pictured) as the winner of its 2023 Lüddeke Prize. The Lüddeke awards were made possible by a generous legacy endowment from the estate of Captain Christof Lüddeke. The prize recognises an exceptional maritime student – many previous winners […]

Voluntary seafarers’ charter is a step forward but must be made mandatory: Nautilus

Nautilus International, the UK’s largest maritime union, has called the government’s Seafarers’ Charter “a step forward” but continues to urge the government to make the charter mandatory.  On Monday 24 July 2023, Minister for Aviation, Maritime and Security Baroness Vere of Norbiton launched the voluntary Seafarers’ Charter, part of the government’s nine-point plan in response […]

Ground-breaking ABS study explores potential of commercial nuclear propulsion

The transformational impact of nuclear propulsion on the design, operation and emissions of a 14k TEU container vessel and a 157k DWT Suezmax tanker have been modelled by ABS and Herbert Engineering Corp. (HEC) in a ground-breaking study. ABS commissioned HEC to carry out the study to explore the potential of advanced modern reactor technology […]

UK announces historic boost to seafarers’ rights and welfare

Thousands of seafarers will be guaranteed fair wages, proper rest periods and suitable training thanks to a new Seafarers’ Charter launched by the UK Government today. Building on government action already taken, the charter – backed by DFDS Ferries, Condor Ferries, Brittany Ferries and Stena – is part of the Government’s wider nine-point plan to […]

WFW advises DNB on landmark US$900m Vroon restructuring

Watson Farley & Williams (WFW) has advised DNB Bank ASA on the first-of-its-kind US$900m restructuring of international shipping company Vroon’s senior secured debt by way of a debt-for-equity swap. The restructuring was implemented using an English scheme of arrangement and a Dutch WHOA procedure, the first time that these two restructuring procedures have been used […]

Morten Engelstoft elected as new Chairman of TT Club as Ulrich Kranich retires

The liability insurance provider to the international cargo and logistics industry has announced that Morten Engelstoft (pictured, right) is to take over as Chairman of both Through Transport Mutual Insurance Association Limited (Bermuda) (‘TTB’) and TT Club Mutual Insurance Limited (UK) (‘TTI’) on the retirement of the present incumbent, Ulrich Kranich (left). Engelstoft spent thirty-six […]