Archive for May, 2017

The BDI@878: Tempest ante portas and climate change in tatters…

The BDI@878: Tempest ante portas and climate change in tatters…
John Faraclas – picture credits Panagiotis Tsakos Photography – The BDI lost its 900 point-base threshold and things as you understand are becoming grave for the hoi polloi; the geopolitical issues with the president Trump’s position can cause tsunamis. John Faraclas’ mid-week market...
May 31st, 2017 | Breaking News, Charity, Chartering, Climate, Clubs, Dry Bulkcarriers, Environment, European Union, Events, Markets, News, People and Places, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, UN | Read More

Canadian company ProMIS Neurosciences targets Alzheimer’s disease

Canadian company ProMIS Neurosciences targets Alzheimer’s disease
Gene Williams of ProMIS Neurosciences. Canadian company ProMIS Neurosciences targets Alzheimer’s disease By James Brewer A Canadian development-stage biotech company is using precision medicine to target what it says is the root cause of Alzheimer’s disease and amyotrophic lateral sclerosis (ALS),...
May 31st, 2017 | Insight, Medical, Technology | Read More

Hot Port News from GAC

Hot Port News from GAC
31-May-2017 BERTHING/UNBERTHING HALTED Jubail, Saudi Arabia PORT MOVEMENTS SUSPENDED FOR SECOND DAY Dammam, Saudi Arabia HURRICANE SEASON BEGINS JUNE 1 Port Arthur, TX, United States Berthing/unberthing halted Wednesday, May 31, 2017, Jubail, Saudi Arabia From 0100 hours...
May 31st, 2017 | Port Conditions, Ports & Terminals, Weather | Read More

The Pursuit of Value

The Pursuit of Value
Lars Fischer, Managing Director of Softship Data Processing For a function that is so fundamental to the day to day operations of every shipping company, ship agency is an area of the maritime industry that is rarely subject to the same level of discussion, of ongoing scrutiny or analysis as other core...
May 31st, 2017 | Featured, News, Ports & Terminals, Ship Agencies, Shipmanagement | Read More

PERFECt phase II readies COGES LNG boxship for the order book

PERFECt phase II readies COGES LNG boxship for the order book
PERFECt II presentation at Nor-Shipping 2017 (from left to right): Thomas Eefsen, Chief Commercial Officer, OMT; Pierre Sames, Group Technology and Research Director, DNV GL; Barbara Stanley, Vice President Power Generation, Caterpillar Solar Turbines; Julien Bec, Vice President LNG as Fuel GTT; Juha...
May 31st, 2017 | Awards, Events, Conferences,Forums and Symposiums, Exhibitions, Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More

Anatomy of an Accident from the Swedish Club dissects major casualty response

Anatomy of an Accident from the Swedish Club dissects major casualty response
Anatomy of an Accident, a new publication from The Swedish Club, provides a unique insight into the huge coordinated exercise that surrounds a serious vessel casualty. Illustrating just how easily an incident can escalate; the guide explores the various parties and processes involved in dealing with...
May 31st, 2017 | Maritime Accidents, Maritime Education and Training | Read More

Wärtsilä introduces its Eniram SkyLight 2.0 monitoring & predictive analysis system update

Wärtsilä introduces its Eniram SkyLight 2.0 monitoring & predictive analysis system update
The Eniram Skylight 2.0 adds nautical maps, weather, and route implementation to aid predictive analysis. Eniram, a Wärtsilä company, has introduced a major update to its performance monitoring system targeted at commercial shipping operators. The Eniram SkyLight 2.0 adds nautical maps, weather layers,...
May 31st, 2017 | IT and Communications, Marine Equipment Products and Services, Shipmanagement, Technical, Technology, Weather | Read More

ClassNK Consulting Service launches support service for setting up EU MRV Monitoring Plan

ClassNK Consulting Service launches support service for setting up EU MRV Monitoring Plan
ClassNK Consulting Service Co., Ltd*1 just launched a support service for setting up an EU MRV (Monitoring, Reporting and Verification of CO2) Monitoring Plan (MP) in compliance with the EU MRV regulation. This regulation lays down rules for developing MP and submitting the emissions report for ships...
May 31st, 2017 | Associations, Classification Societies, Climate, Emissions, Environment, European Union, Organisations, Politics and Government, Pollution, Regulatory | Read More

Diana Containerships announces sale of post-panamax contship “Doukato”

Diana Containerships announces sale of post-panamax contship “Doukato”
Diana Containerships “Doukato” DIANA CONTAINERSHIPS INC. ANNOUNCES THE SALE OF A PANAMAX CONTAINER VESSEL, THE M/V DOUKATO ATHENS, GREECE, May 31, 2017 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships,...
May 31st, 2017 | Containers, Markets, Sales and Purchases, Stock Markets | Read More

Exams triumph results in four new Fellows of Association of Average Adjusters

Exams triumph results in four new Fellows of Association of Average Adjusters
Keith Martin (centre), chairman 2016-17 of Association of Average Adjusters, congratulates new Fellows Andrew Slade, Heather Robinson, Robert Tomlinson and Stelios Magkanaris Four marine claims experts have achieved one of the sector’s highest accolades in qualifying as Fellows of the Association of...
May 31st, 2017 | Academia, HR, Marine Insurance, Maritime Education and Training, News | Read More

Notice of Trade Name and Location of New Container Shipping Joint Venture-

Notice of Trade Name and Location of New Container Shipping Joint Venture-
.. Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture (JV) will operate under the tradename “Ocean Network Express.” The establishment of this new JV, which will integrate the three companies’ container shipping...
May 31st, 2017 | Liner Shipping and Trade, Markets, Mergers and Acquisitions | Read More

DNV GL awards AiP for new Oshima composite tween deck design

DNV GL awards AiP for new Oshima composite tween deck design
The new Oshima design could be used for a wide range of trades, carrying project cargoes and packaged goods, ranging from lumber, wood pulp and coils, to ingots and other bulk cargoes. Oslo, 31 May 2017: At Nor-Shipping today, DNV GL and Oshima Shipbuilding launched a new state-of-the-art 65k open-hatch...
May 31st, 2017 | Classification Societies, Events, News, Shipbuilding and Shipyards, Technical, Technology | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, May 31, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, May 31, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: German Bunds retained a firm tone in European trade as recent comments by ECB President Mario Draghi suggesting that the Central Bank is not in a hurry...
May 31st, 2017 | Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports | Read More

ITIC reimburses surveyor accused of negligence leading to ferry damage

ITIC reimburses surveyor accused of negligence leading to ferry damage
International Transport Intermediaries Club (ITIC) has reimbursed a marine surveyor accused of negligence by the owner of a ferry which sustained significant machinery damage while being towed to a shipyard. The ferry, which operated in North American waters, was due to be towed to a shipyard to undergo...
May 31st, 2017 | Marine Insurance, Maritime Accidents, P and I Clubs, Safety and Security | Read More

Bureau Veritas’ 27th Hellenic Marine Technical Committee meeting

Bureau Veritas’ 27th Hellenic Marine Technical Committee meeting
l to r: Nikos Argyros (Laskaridis Shipping Co Ltd),  Bill Stamatopoulos (Inspectorate Hellas), Michael Sterghiou (Inspectorate Hellas),  and George Andreadis. The 27th Marine Technical Committee Meeting of  Bureau Veritas Piraeus,  took place on May 23rd 2017 and hosted by  George Andreadis, Marine...
May 31st, 2017 | Classification Societies, Events, Technical, Technology | Read More

Oslo Børs: Listing of MPC Container Ships AS at Merkur Market

Oslo Børs: Listing of MPC Container Ships AS at Merkur Market
Listing date: 31/05/2017 Ticker: MPCC-ME MPC Container Ships AS was formed in April 2017 with a management that has been active in the shipping industry for decades. Its main business activity is to own and operate a fleet of container ships, focusing on the feeder segment between 1,000...
May 31st, 2017 | Container shipping, Containers, Markets, Statistics, Stock Markets | Read More

KVH Announces CHARTlink for ChartCo, Delivering Charts and Publications to Vessels at Sea Seamlessly

KVH Announces CHARTlink for ChartCo, Delivering Charts and Publications to Vessels at Sea Seamlessly
PassageManager, ChartCo’s application for chart management, voyage planning, and more. The charts depicted are delivered by KVH’s CHARTlinkTM for ChartCo. Gigabytes of ChartCo digital content will be multicast via KVH’s IP-MobileCast content delivery service, eliminating cost and delay MIDDLETOWN,...
May 31st, 2017 | IT and Communications, Marine Equipment Products and Services, Technology | Read More

The BDI@900 and messy geopolitics; it’s the nature of the beast…

The BDI@900 and messy geopolitics; it’s the nature of the beast…
John Faraclas As mention last Friday the eventuality of further frustrating losses particularly in the Dry market now creates the mess! Geopolitically the mess is here to stay. John Faraclas’ brief daily recap: With the BDI losing 12 points the Dry Market enters a very difficult and unpredictable period...
May 30th, 2017 | Dry Bulkcarriers, Energy, European Union, Events, Conferences,Forums and Symposiums, Markets, News, Organisations, Politics and Government, Reports, Shipping Indices, Statistics, Tankers, UN | Read More

Bespoke London unveiled as third Show for London Boat Show 2018

Bespoke London unveiled as third Show for London Boat Show 2018
A premium event targeting a global high net worth audience Offering a new opportunity for you to meet extremely affluent consumers British Marine Boat Shows is delighted to announce Bespoke London as the eagerly awaited third Show – another very special event to compliment the London Boat Show and...
May 30th, 2017 | Events, Conferences,Forums and Symposiums, Exhibitions, Marinas, Sailing, Sports, Yachting | Read More

Highly relevant industrial visit planned for MECSS 2017 delegates

Highly relevant industrial visit planned for MECSS 2017 delegates
The University of Strathclyde’s Power Networks Demonstration Centre (PNDC) is scheduled to play an important role for delegates at the third Marine Electrical and Control Systems Safety Conference (MECSS 2017) being held in Glasgow onWednesday 22 and Thursday 23 November, as it will host an Industrial...
May 30th, 2017 | Associations, Events, Conferences,Forums and Symposiums, Exhibitions, IMarEST, Technical, Technology | Read More

Platform supports banks’ introduction of responsible ship recycling standards

Platform supports banks’ introduction of responsible ship recycling standards
Ingvild Jenssen Oslo, 30 May 2017 – Today, during the first day of NOR-Shipping in Oslo, Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian SEB and DNB, announced that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The banks took...
May 30th, 2017 | Environment, Oceanology, Oil Spill, Pollution, Ship Demolitions | Read More

The “Ocean Victory”: clarification for charterers and those insuring their liabilities

The “Ocean Victory”: clarification for charterers and those insuring their liabilities
Gard Marine and Energy Limited (appellant) v China National Chartering Company Limited (respondents) and others [10.05.17] 26 May 2017 Andrew Purssell, Michael Biltoo Supreme Court decides in favour of the ship owner in a landmark case arising from the loss of a Capesize bulk carrier, The “Ocean...
May 30th, 2017 | Claims, Health and Safety, Legal, Maritime Accidents, Safety and Security | Read More

New era of technological evolution arrives with first Wärtsilä HY contract

New era of technological evolution arrives with first Wärtsilä HY contract
Rimorchiatori Riuniti’s new tug boat will be powered by the Wärtsilä HY hybrid power module. Shown here is the tug boat “Svezia”, owned by the same company, and which is also equipped with a Wärtsilä solution. The technology group Wärtsilä has received its first order for the recently introduced...
May 30th, 2017 | Marine Equipment Products and Services | Read More

Diana takes dely of new acquisition Post-Panamax “Electra”

Diana  takes dely of new acquisition Post-Panamax “Electra”
Diana Shipping Inc. Announces Delivery of the Post-Panamax Dry Bulk Vessel m/v Electra ATHENS, GREECE, May 30, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned...
May 30th, 2017 | Dry Bulkcarriers, Markets, News, Sales and Purchases, Statistics, Stock Markets | Read More

Framo delivers pumping systems to Höegh LNG

Framo delivers pumping systems to Höegh LNG
Höegh Grace Framo has signed a contract with Höegh LNG for the delivery of pumping systems to their new Floating Storage Regasification Unit (FSRU). The contract is for one unit, with option for three more units which are currently being built at Samsung Heavy Industries in Korea.  FSRU is a...
May 30th, 2017 | Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More