SMI Newsdesk Archives

Make sure you know who is supplying your ship

Ship owners and managers should spend more time checking the validity and ability of suppliers servicing their ships and not just opt for the cheapest price, the President of the International Shipsuppliers & Services Association (ISSA) has warned.

Working only with quality assured ship suppliers can also guard against the supply of inadequately sourced supplies and pirated spare parts being sold on as the original, said Jens Olsen, Read More…

Finnish training centre wins accreditation

Aboa Mare University of Applied Sciences, located in Turku (Finland), has recently received the accreditation of the Nautical Institute as an official Dynamic Positioning (DP) training center. Dynamic positioning is becoming especially important for sophisticated offshore operations and the need for corresponding training facilities is increasing rapidly.

The new DP bridge simulator in Turku is based on the Navis NavDP 4000 Trainer Simulator. The DP training facility comprises Read More…

EU to train Somali forces in piracy fightback

The European Union has announced plans to train Somali security forces to tackle the pirates operating along the country’s coast. It will send a planning team to the region next month. The training will take place in neighbouring Djibouti, which has French and US military bases. EU nations have already sent ships to fight the pirates in the Gulf of Aden.

But Somalia’s embattled government has always argued that training Read More…

US and Philippines Agree to Fight Piracy

The US and the Philippines have agreed to work together to tackle the issue of piracy as attacks continue to threaten US vessels and put the lives of Filipino seafarers in danger.

US Secretary of Transportation Ray LaHood met with President Gloria Arroyo of the Republic of the Philippines and signed the first joint nonbinding Memorandum of Cooperation between the two nations to address the piracy issue. It is estimated Read More…

Lemissoler mulls $300m buying spree

Limassol-based ship owner and ship manager Lemissoler Shipping Group has $300 million to spend on the S&P markets and could start a buying spree towards the end of the year.

According to company CEO Philippos Philis, Lemissoler is already scrutinising the sale and purchase markets to ensure that when it does enter the fray, it will buy the units at the best price but also at the right Read More…

Richardson named as new V.Ships Group CEO

Global shipmanagement company V.Ships has appointed Clive Richardson as Group Chief Executive Officer with immediate effect. He will be based in the Group’s London office. David Hoare, who has been acting Group CEO, will return to his position as Non-Executive Chairman.

Mr Richardson joins V.Ships after spending 18 years with BAe Systems. Initially he was employed as Legal and Commercial Director of BAe Airbus, then in the Defence Systems Group, Read More…

Alaska primed for new emergency response resources

T&T BISSO has deployed new vessel emergency response resources around the Cook Inlet and Alaska areas in its efforts to meet the Coast Guard’s new Salvage and Marine Firefighting Regulations.

Specialising in vessel emergency response, salvage and marine firefighting services, T&T BISSO conducted equipment exercises in Kachemak Bay in partnership with Cook Inlet Spill Prevention and Response in preparation for its emergency response services to be permanently located in Read More…

There is worse to come

Next year will be a tougher year than 2009 with any ship owner bankruptcies likely to happen towards the end of the recession rather than at the beginning if the supply problems kick in, according to Paragon Shipping boss Michael Bodouroglou.

Talking to Ship Management International, Mr Bodouroglou said he was very confident about the health of the market fundamentals when it came to vessel demand but stressed Read More…

Liberia introduces new mortgagee act to safeguard maritime interests

The Liberian Registry has become the first ship registry outside the EU to introduce an initiative to significantly strengthen security for ship mortgagees, and for shipping generally, as it continues to proactively seek ways to help shipowners and financiers survive the current economic recession.

On May 22, 2009, the Government of Liberia enacted the new Insolvency of Foreign Mortgagees Act, which amends Liberian maritime law to address issues regarding the Read More…

DP World to open new Vietnam terminal

Global marine terminal operator DP World has set October 1st, 2009 as the date of the official inauguration of its state-of-the-art Saigon Premier Container Terminal (SPCT). A joint venture between DP World and Vietnam’s IPC, SPCT is located on the Soai Rap River 15 kilometres from Ho Chi Minh City. SPCT will further establish Ho Chi Minh City as the country’s main commercial hub.

The region’s second fastest growing economy, Read More…

Latvian seafarers returning to sea as recession bites

Latvia has suffered more than most from the economic ravages of the current global recession but its difficulties has lit a light of hope for crew managers as larger numbers of its ex-seafarers are now returning to sea in search of employment.

Crew managers in Cyprus and elsewhere have reported an uptake in interest from officers in this region and many are hopeful that the ex-seafarers can be introduced back Read More…

Drydocks World-Dubai and BP renew Alliance Agreement partnership

Drydocks World – Dubai, the flagship ship repair, conversion and new building yard of Drydocks World, has renewed its long-standing association with BP Shipping with the signing of a new Alliance Agreement.

According to the Agreement, signed by Nawal Saigal, Managing Director of Drydocks World – Dubai, and Dave Williamson, VP Fleet Operations of BP Shipping, the two companies will work closely to achieve optimum production levels based Read More…