SMI Newsdesk Archives

New contracts for Dockwise in the military segment

Dockwise subsidiary Dockwise Shipping has entered into contracts worth $40 million with the Spanish naval shipyard Navantia for the shipment of two Canberra-class amphibious helicopter carriers (LHD) and with the Russian naval shipyard Zvezda for the movement of two nuclear powered submarines.

Navantia, located in Ferrol, Spain, a naval shipyard, is building the two LHD’s for the Australian Navy. The hull of the vessels and its outfitting will, Read More…

Greeks top Secondhand purchase markets

Greek ship owners once again dominated the S&P markets by acquiring a total of 146 second hand vessels woth $6.8 billion in the seven months to the end of July, according to data compiled by shipbrokers Allied Shipbroking.

Of them, 86 were dry bulk carriers, 51 were tankers and nine were container ships. These figures place the country’s maritime industry in the top spot for second hand sales, Read More…

Teekay scores first hit with TOTS

Teekay is the first shipping company in the world to be certified as complying with the requirements of the Tanker Officer Training Standard (TOTS), a programme set up by INTERTANKO to establish and evaluate tanker officer competence across the industry.

Teekay put its SCOPE (Seafarer Competence for Operational Excellence) competence management system up for this audit when INTERTANKO authorised DNV and other IACS members to conduct external audits of shipping Read More…

New Data Shows Growing Global Demand for Trained Merchant Mariners

Only months after graduation ceremonies were held on campuses across the nation, approximately 85% of 2008 graduates with merchant marine licenses from the United States Merchant Marine Academy and six state maritime academies have found employment afloat in the maritime industry or in the U.S. military, according to data released by the Maritime Administration today.

“This data indicates that the job market for merchant marine officers remains robust. There is a Read More…

New FFA broking group formed

Braemar Seascope Limited and Tullett Prebon PLC have announced a joint venture into the Forward Freight Agreements market. The two firms will today join forces to form TP Braemar, a joint arrangement that will broke FFAs from a base at Braemar’s London office. The new group says it will employ four FFA brokers to work on the wet FFA market.

Denis Petropoulos, joint managing director of Braemar commented: Read More…

JNG rejects ITF Georgia war demand

The Joint Negotiating Group (JNG) has rejected a demand from ITF, made on Monday 11 August, that the ports and Black Sea coastal waters of Georgia should be declared an area of warlike operations under Article 17 of the International Bargaining Forum (IBF) Framework Agreement.

Following consultation between the JNG members and with national shipowner organisations, the demand was rejected on the grounds that the recently agreed ceasefire Read More…

US cadets to train on Hapag-Lloyd ships

US merchant navy cadets can now undertake vital sea training onboard Hapag-Lloyd box ships under an innovative agreement signed between Washington and the shipping line.

The accord, signed by Maritime Administrator Sean Connaughton and John Murray CEO of Hapag-Lloyd USA, paves the way for the training programme to start from October.

“Cadets will receive excellent training from skilled maritime professionals on a variety of seagoing vessels,” said Read More…

Titanic restoration for SS Nomadic

The Nomadic Preservation Society is calling for financial assistance in the restoration of the SS Nomadic, most famously known for ferrying people out to the Titanic on its one and only voyage.

Built in 1911 alongside the Titanic at Harland & Wolff in Belfast, the SS Nomadic transported 147 passengers, including renowned names such as Molly Brown and Benjamin Guggenheim to the Titanic on its famous departure, but Read More…

London’s top six shipbrokers in £50,000 Cutty Sark donation

London’s top shipbrokers have backed the project to secure the future of the world’s most famous sailing ship, Cutty Sark, by donating a cheque for £50,000 to aid conservation work following last year’s fire.

Keith Amato, Director of ACM, Denis Petropoulos, Joint Managing Director of Braemar Seascope, Robert Knight, Managing Director of tankers at Clarksons, Martyn Burst from Galbraith’s, Kevin Rose, Director at Gibson and Michael Brown, Managing Read More…

Steamship Mutual appoints new Head of Underwriting

Leading P&I Club Steamship Mutual has appointed Stephen Quartermaine as Head of Underwriting. Taking over from Chief Operating Officer Gary Rynsard, Mr Quartermaine will oversee and coordinate Steamship Mutual’s global underwriting strategy.

James Stockdale, CEO, said: “Stephen’s appointment is integral to the Club’s future financial success. The P&I market continues to experience record levels of large claims and in such a challenging environment, we must pursue a strong Read More…

GL launches new risk management committee

German classification society Germanischer Lloyd has set up a new ‘Technical Committee on Risk Management’ in response to the growing significance of risk-based approaches by the maritime industry. The new committee’s main objective is to facilitate and consolidate industry’s needs relating to the application of risk-based methods.

It will comprises representatives from all stakeholders of the maritime industry, namely ship owners and operators, ship builders and maritime systems’ Read More…

Irish Fleets set for expansion

The Irish Maritime Development Office (IMDO) has announced that seven Irish-based shipping groups are investing over $1 billion in expansion plans.

In the first six months of 2008, 21 new and second hand vessels were acquired, with a further 27 expected to be delivered over the next two years, mostly new. The largest single investment, of $700 million, is being made by D’ Amico Ireland, a Dublin-based company Read More…