SMI Newsdesk Archives

Baltic Exchange honours Maersk Mc-Kinney Møller

Left to Right: Jeremy Penn (Baltic CEO), Maersk McKinney Moller and Mark Jackson (Baltic Exchange Chairman)

The achievements of legendary Danish shipowner Maersk Mc-Kinney Møller (98) have been celebrated during a lunch held in his honour at London’s Baltic Exchange, in an occasion marking his 20 years as a Life Honorary Member of the Exchange.

Welcoming Mr Mc-Kinney Møller to the Baltic Exchange, its Chairman Mark Jackson said: “It Read More…

Former ECSA President takes piracy concerns to European Parliament

As piracy escalates and with 60 hostages so far losing their lives, the former President of the European Community Shipowners’ Association has called for tougher measures to tackle the growing problem including the formation of a Global Task Force.

Marnix van Overklift, speaking today (Wednesday) at a European Parliament seminar on piracy, also reminded the International Community of its obligation to ensure safe navigation in international waters as stated in Read More…

INDEPENDENT ASSESSORS SELECTED FOR MARITIME SECURITY ACCREDITATION PROGRAMME

The Security Association for the Maritime Industry (SAMI) has announced its selection of National Security Inspectorate (NSI) as its independent assessor of maritime security companies, after a competitive tendering process.

SAMI’s Accreditation Programme has three distinct stages: Due diligence of the company’s commercial standing, practices and supporting documentation; an office verification of the administrative, logistical and operational procedures to ensure that maritime security operations are conducted to a professional standard; Read More…

Liberian Registry co-operating fully in Rena salvage operation

The Liberian Registry is continuing its investigation and co-operating with maritime authorities and emergency response teams in New Zealand following the grounding of the containership Rena off the country’s coastline on October 5th.

The Rena has been entered with the Liberian Registry since November 2010, following its purchase by the current owners, who have a long-standing history with the registry. The vessel has taken part in regular voyages between Read More…

Law firms to merge

International law firms Clyde & Co and Barlow Lyde & Gilbert are to merge on November 1st.

The combined company will be known as Clyde & Co and will have 270 partners, 1,300 lawyers and fee earners and 2,350 total staff operating from 27 offices worldwide.

It claims it will be one of the top two dispute resolution practices of any leading UK firm offering in-depth focus and expertise in Read More…

Personality Award for Droussiotis

His outstanding contribution to the advancement and promotion of merchant shipping in Cyprus saw Bernhard Schulte Shipmanagement’s Non-Executive Chairman Andreas Droussiotis pick up the Personality Award 2011 at the recent Maritime Cyprus conference in Limassol.

The award, one of two bestowed every two years at the event, was presented to a surprised Mr Droussiotis by the Minister of Communications and Works, Mr Efthemios Flourentzou on behalf of the President. Read More…

“WE HAVE REACHED THE END OF OUR TETHER ON PIRACY ” ICS CHAIRMAN TELLS INDIA SHIPPING SUMMIT

“The world community cannot tolerate the abuse and the killing of seafarers,” ICS Chairman Spyros M Polemis told seafarers and maritime industry professionals in India today, adding that “India and its seafarers have truly been in the firing line”.

“This has to stop now. The pirates must get the message that we have reached the end of our tether and that any act of piracy will be severely dealt with,” Read More…

V.Ships in Martek BNWAS system contract

Martek Marine has secured a contract to supply its Navgard Bridge Navigation Watch Alarm System (BNWAS) to Seacom Electronics, a UK subsidiary of global ship management services giant V.Ships – with further orders expected to follow for installation on V.Ships vessels over the next three years.

Navgard is the world’s first BNWAS system fully type approved by all major classification societies, and this was a particularly important factor in Read More…

INTERTANKO’s Council focuses on tanker industry sustainability, air emissions and piracy

Current tanker market rates are consistently below ship owners’ operating costs according to INTERTANKO’s Council Members, who claim that continuing low rate levels could leave the oil transportation industry threatened.

Debating the sustainability of the tanker industry at INTERTANKO’s council meeting this week, Capt Graham Westgarth, who was re-elected as Chairman of the Association for another two years, said: “If these rate levels continue for a long period, then this Read More…

BIMCO to assist members’ assessment of EEDI implications

Advising its members against the building of new ships without Energy Efficiency Design Index (EEDI) compliance, BIMCO, the world’s largest shipping association, has confirmed it is “very satisfied” with the IMO’s adoption of technical and operational measures to reduce greenhouse gas emissions from ships.

Debating the IMO’s measures at its 22nd meeting, BIMCO’s Marine Committee discussed the implications of the recently adopted amendments to MARPOL Annex VI which imposes an Read More…

BRITAIN’S NEW GLOBAL PORT TO OPEN in 2013

London Gateway, the new global shipping port and logistics centre project, will open in the fourth quarter of 2013 with an initial capacity of 1.6 million TEU – paving the way for 36,000 jobs to be created.

By locating Britain’s most environmentally friendly major new port and what is set to become Europe’s largest logistics park on London’s doorstep, UK business will soon be able to take advantage of a Read More…

Hamworthy Acquires AW Flow Holdings

Offshore fluid handling systems manufacturer Hamworthy has acquired 100% of the issued share capital of UK based valve manufacturer for the oil and gas sector AW Flow Holdings (AW Flow) and its subsidiary undertakings.

The consideration was £24 million on a debt free/cash free basis, funded entirely from Hamworthy’s own cash reserves. £21.6 million was paid on completion with a further £2.4 million of deferred consideration payable over the Read More…