SMI Newsdesk Archives

Wilhelmsen challenges the established management fee system

Wilhelmsen Ship Management is to challenge the established management fee system by moving away from a lump sum basis in favour of charging for individual services within the total management service chain.

The move, which was put in train by outgoing Wilhelmsen Ship Management President Geir Sekkesaeter and will be continued when he has left and a new successor has been found, is a new direction for the Read More…

UGS pledges support for global CO2 solution

Greek shipowners have reinstated their intention to follow the directives of the International Maritime Organisation (IMO) on issues pertaining to environmental regulations and have emphasised their decision to work hard so that any new policy will be fully embraced by the global maritime community.

The IMO should be the sole body authorised to dictate environmental policies for the shipping industry which will be adhered by Greek shipowners, according Read More…

Posidonia 2010 – Piraeus or Glyfada?

Posidonia’s organisers are still uncertain where the 2010 event will be held and while there is a desire to move back to Piraeus, there are still no guarantees that a venue capable of accommodating an exhibition the size of Posidonia will be secured.

Themistocles Vokos, Chairman of Posidonia Exhibitions, said he wanted to move the event back to Piraeus but only as and when the infrastructure was in Read More…

Credit crunch – what credit crunch!

Leading tanker owner Peter Georgiopoulos is confident there is still money available for fleet expansion by the larger well capitalised owners but the credit crunch could be biting for lesser quality owners.

Speaking to SMI at one of the Posidonia parties, the General Maritime boss was hopeful this would create a divide between the ‘haves and the have nots’. “Hopefully this will happen and the effect will be Read More…

DNV launches CO2 roadmap

A shift from traditional fuels to natural gas is necessary if the shipping industry is to meet expectations of substantial reductions in CO2 emissions, according to DNV COO Tor Svensen

Launching its road map for how the shipping industry can reduce its CO2 emissions, he said: “Only a common effort of the industry can keep regulators from imposing damaging new requirements on shipping to achieve environmental improvements.

“The Read More…

Greece checks Brussels’ regulatory card

Greece has reiterated its claim that current negotiations on two outstanding issues relating to the third maritime safety package ‘hold no added value’ and it has urged that any future regulatory initiatives should be conducted so the purpose is achieved with minimum side effects.

It also added its support to the claim that EU member states should retain their sovereignty when debating at the IMO rather than agreeing Read More…

Lloyd’s Register readies shipping for “seafarers’ bill of rights”

Lloyd’s Register has developed a voluntary assessment programme designed to support the practical implementation of the forthcoming ILO Maritime Labour Convention (MLC, 2006) on new and existing ships.

Not yet mandatory, the MLC, a significant development in international shipping described as a ‘bill of rights’ for maritime labour, is expected to come into force by 2012. But ratification may take place even earlier.

The convention has been drafted Read More…

Posidonia shines as Greece turns on the heat to lure its owners back

Greek Prime Minister Kostas Karamanlis was the most prominent of the invited VIPs as Posidonia 2008 opened its doors to the world’s shipping industry.

And he used the occasion to press home Greece’s eagerness to lure home the large number of London-based Greek ship owners who have become disillusioned with the British government’s recent non-dom tax reform plans.

Addressing invited guests at the opening ceremony, Mr Karamanlis said: Read More…

Top two managers to set up in Dubai

V.Ships and Bernhard Schulte Shipmanagement have agreed to open offices in the much heralded Dubai Maritime City as Dubai steps up its efforts to attract managers and owners away from established maritime clusters like Cyprus.

John Ewing, Chief Commercial Officer at the Dubai Maritime City, told SMI that the world’s top two ship managers had agreed to open up a small presence to begin with but they would Read More…

BIMCO presses the ‘green’ button

BIMCO is to prove that the shipping industry is as green as it says it is by initiating a study aimed at documenting that the sector, preferably going back 35 years, has acted increasingly environmentally consciously and must stand out as an environmentally responsible industry with the focus on sustainable development.

The owners’ association, which is headed up by its President Philip Embiricos, also pledged to stay proactive Read More…

MARAD survey says there are US shipping jobs a plenty

There are jobs a plenty in the US maritime industry according to a survey by the US Department of Transportation’s Maritime Administration, with almost two-thirds of the operators of US-registered vessels claiming they had trouble in the past year finding enough qualified people to fill all their posts.

“The maritime industry is a great place to look for long-term employment now,” said Maritime Administrator Sean Connaughton. “It used Read More…


Jamaicaʹs flag is flying high in China with the launch of two new container ships which will operate in the Chinese coastal trade.

Jamaican ambassador to China, His Excellency Wayne McCook and Calvin Chen, deputy registrar for China, are pictured beside one of the new Jamaican‐registered ships: the newly named, 7,545 gross tonne container ship CCL Moji (ex‐Panjang).

The CCL Moji and its sister ship the CCL Osaka Read More…