Archive for July, 2018

New IMB report shows persistent piracy risk in Gulf of Guinea

New IMB report shows persistent piracy risk in Gulf of Guinea
Captain P. Mukundan London and Kuala Lumpur, 24 July 2018 – The second quarterly report from the ICC International Maritime Bureau (IMB) shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in six separate incidents. A total of 107 incidents were reported to the IMB Piracy...
July 24th, 2018 | Arrest of ships, Bribery and Corruption, Claims, Corruption, Health and Safety, Maritime Fraud, News, P and I Clubs, Piracy and Terrorism, Reports, Safety and Security | Read More

Wildfires in Attica, Greece

Wildfires in Attica, Greece
Fire Smog covers the plain of Athens As you read these lines, there are over 500 burned down house and 200 destroyed cars only in Rafina, north east of Attica, Athens. The destruction according to the Mayor of the town of Rafina Vangelis Bournous is despicable. At the port of Rafina, crafts from the...
July 23rd, 2018 | Breaking News | Read More

BDI …err Capes “euphoria” but trade hiccups is on the cards…

BDI  …err Capes “euphoria” but trade hiccups is on the cards…
John Faraclas – picture by ecopack77 The BDI gained 29 points earlier on today and now reads 1,718 points; Geopolitics already shaking trade to its foundations.  We are not just in a Trade War, we are in  World War III. John Faraclas’ daily briefing: It’s all because of the Capes gaining...
July 23rd, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets | Read More

NAMEPA Annual Awards Nominations Open

NAMEPA Annual Awards Nominations Open
Scorpio Group receives 2017 NAMEPA Marine Environment Protection Award (l to r: USCG RADM John Nadeau, Scorpio’s President Robert Bugbee, NAMEPA Chairman Joe Hughes, NAMEPA Co-Founder and Executive Director, Carleen Lyden Walker) NAMEPA Marine Environment Protection Awards Nominations Open NAMEPA (North...
July 23rd, 2018 | Associations, Awards, Environment, Events, News | Read More

Chamber and TMG join forces for new maritime initiative

Chamber and TMG join forces for new maritime initiative
From left to right, Kevin Hawes, Elena Enciso, Paul Cherpeau, Jonathan Powis and Mark Rowbotham. A new initiative has been launched to provide support, training and consultancy services for maritime businesses in the Liverpool area of the UK. The Maritime Group (International) Limited, which is a UK-registered...
July 23rd, 2018 | HR, Maritime Education and Training, News | Read More

IUA comment on mutualisation of motor terrorism risks

IUA comment on mutualisation of motor terrorism risks
Chris Jones The IUA has welcomed a vote by UK motor insurers to mutualise risks for terrorism claims. The Motor Insurance Bureau (MIB), a not-for-profit body which deals with uninsured ‘hit and run’ accidents, will in future provide compensation for victims of vehicle-related terrorist events. Members...
July 23rd, 2018 | Insurance and Reinsurance, IUA, Piracy and Terrorism | Read More

CTS Offshore and MARPRO announces partnership

CTS Offshore and MARPRO announces partnership
.. London based CTS Offshore offering in-situ afloat asset integrity services for the offshore and marine industries worldwide and MARPRO have announced that they have entered into a strategic partnership with MARPRO representing CTS Offshore in Scandinavia on an exclusive basis. MARPRO is a specialist...
July 23rd, 2018 | Company Profiles, Energy, Jobs, Manning - Seafarers and Offshore | Read More

Kingsbridge Group announces senior promotions

Kingsbridge Group announces senior promotions
Left to right Liam Green James Ledingham Thomas Wynne 23 July 2018 –  Kingsbridge Group (“Kingsbridge”), the UK’s leading provider of specialist insurance services to contractors, freelancers and the recruitment industry, has announced a number of senior promotions within its Kingsbridge...
July 23rd, 2018 | Company Profiles, HR, Insurance and Reinsurance, Person Profiles | Read More

Daily Overview of Global Markets & the SEE Region (Monday, July 23, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, July 23, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Trade concerns prevail with US President Donald Trump explicitly threating in an interview on Friday to impose tariffs on all $500bn of imported goods from China. The US President also repeated his view that a strong USD puts the...
July 23rd, 2018 | Reports | Read More

KVH surpasses 8,000 VSAT Systems shipped for global connectivity

KVH surpasses 8,000 VSAT Systems shipped for global connectivity
KVH’s V7 HTS terminal The milestone highlights KVH’s position as maritime VSAT market share leader providing satellite broadband connectivity to yachts and commercial vessels around the world MIDDLETOWN, RI – July 23, 2018 – KVH Industries, Inc., (Nasdaq: KVHI), announced that it recently...
July 23rd, 2018 | IT and Communications, Marine Equipment Products and Services | Read More

IUA published Cyber Insurance and Business interruption report

IUA published Cyber Insurance  and Business interruption report
Matthew Hogg The market for cyber business interruption cover is complex and the protection offered by different policies can vary widely, according to a new report from the International Underwriting Association. Most current business interruption coverages are standalone policy extensions, the triggers...
July 23rd, 2018 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

Final chance to enter nominations for the IMRF Awards 2018

Final chance to enter nominations for the IMRF Awards 2018
… The IMRF Awards offer an invaluable way to raise awareness of the excellent work done by all those involved in maritime search and rescue “There are just a few days left before the deadline for nominations for the IMRF Awards 2018 on Tuesday 31 July. Nominations can be made online (http://www.imrfawards.org/nomination-form-imrf-awards)...
July 23rd, 2018 | Associations, Awards, Earthquakes, Tsunamis, Cyclones and Typhoons, Events, Health and Safety, Insurance and Reinsurance, Marine Insurance, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Damen Shipyards Group assumes operational control at Mangalia shipyard

Damen Shipyards Group assumes operational control at Mangalia shipyard
Damen Shipyards Mangalia To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a modest ceremony at the yard on Monday, July 23rd. The celebrations mark Damen’s successful completion of the transaction with Daewoo Shipbuilding & Marine Engineering (DSME) for...
July 23rd, 2018 | Company Profiles, Mergers and Acquisitions, Ship Conversions, Shipbuilding and Shipyards, Shiprepair | Read More

Lorina Limonade Tour Voile champion 2018

Lorina Limonade Tour Voile champion 2018
©Jean-Marie Liot / A.S.O Persistence and tactics won out in the end as Lorina Limonade Golfe du Morbihan (Quentin Delapierre, Kevin Peponnet, Bruno Mourniac, Tim Mourniac, Corentin Horeau) lifted the Tour Voile championship trophy for the second time in three years. Controlling their nearest rival...
July 22nd, 2018 | Sailing, Sports, Yachting | Read More

Hot Port News from GAC

Hot Port News from GAC
21-Jul-2018 WORLD HOLIDAYS: 22 JULY-4 AUGUST 2018 Worldwide TRAFFIC SUSPENSION FOR SWIMMING RACES Bosphorus, Turkey World Holidays: 22 July-4 August 2018 Saturday, July 21, 2018, Worldwide Public holidays around the world in the coming two weeks include the following: 23 Jul (Mon) – Revolution Day...
July 21st, 2018 | Holidays, Port Conditions, Ports & Terminals, Sports | Read More

Armada Engineering powers up for global growth

Armada Engineering powers up for global growth
The Superyacht Aquila moored off Falmouth for testing. Designed and built at Pendennis Shipyard, Armada worked on its advanced hydraulics systems. Hydraulics specialist Armada Engineering, which went through a management buyout late last year, is relaunching its services with a view to accelerating the...
July 21st, 2018 | Marine Equipment Products and Services, Yachting | Read More

A perplexed BDI@1,689 and turbulent Geopolitics…

A perplexed BDI@1,689 and turbulent Geopolitics…
John Faraclas The BDI (Baltic Dry Index) ended up “strangely” enough at 1,689 – 32 points plus since yesterday lifting the hopes… Geopolitics are becoming so crucial, enigmatic and indeed perplexed prompting us to warn you to be on guard 24/7 as things might turn sour. John Faraclas’ daily...
July 20th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
20-Jul-2018 DREDGING AT SAKRA BASIN Singapore MARINE WORKS AT JUNK BAY Hong Kong Dredging at Sakra Basin Friday, July 20, 2018, Singapore From 21 July to 20 October, dredging works will be carried out at Sakra Basin According to the Maritime and Port Authority of Singapore Port Marine Notice No.077...
July 20th, 2018 | Port Conditions, Ports & Terminals | Read More

Hyères today, gone tomorrow

Hyères today, gone tomorrow
©Jean-Marie Liot / A.S.O. Hyères hero of the day, claiming their fifth win of the contest and closing the gap with the leaders of the general classification to three points was Beijaflore. The team composed of Valentin Bellet, Guillaume Pirouelle and Valentin Sipan honed their craft throughout a long...
July 20th, 2018 | Sailing, Sports, Yachting | Read More

Appointments boost Fracino’s customer service team

Appointments boost Fracino’s customer service team
Enhancing customer care: l to r Peter Atmore, Mandy Bains and Ronica Kaur. Multi-award winning manufacturer and exporter Fracino has furthered strengthened its sales team with a duo of new appointments.  Key accounts manager, Mandy Bains, and export administrator, Ronica Kaur, will focus on front-line...
July 20th, 2018 | Company Profiles, Food and Drink, HR, Person Profiles | Read More

Crowley Takes Delivery of First LNG-Powered ConRo Ship Serving Puerto Rico

Crowley Takes Delivery of First LNG-Powered ConRo Ship Serving Puerto Rico
The “El Coqui” (PASCAGOULA, Miss.; July 20, 2018) ­– Crowley Maritime Corp. announced today that it has taken delivery of El Coquí, one of the world’s first combination container/roll on-roll off (ConRo) ships powered by liquefied natural gas (LNG), from shipbuilder VT Halter Marine...
July 20th, 2018 | Containers, News, Ro-Ro and Passenger Ferries, Shipbuilding and Shipyards, Trade and Commerce | Read More

U-Freight welcomes WCO publication REIGHT WELCOMES WCO PUBLICATION OF OF GLOBAL STANDARDS ON E-COMMERCE

U-Freight welcomes WCO publication REIGHT WELCOMES WCO PUBLICATION OF OF GLOBAL STANDARDS ON E-COMMERCE
The U-Freight Group (UFL), with its considerable involvement in e-commerce logistics, has welcomed the recent publication by the World Customs Organization (WCO) of guiding principles for cross-border e-commerce aimed at developing common standards and tools for customs clearance and data harmonisation,...
July 20th, 2018 | Logistics | Read More

Daily Overview of Global Markets & the SEE Region (Friday, July 20, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, July 20, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: UK retail sales (in volume terms) surprised negatively in June falling 0.5%MoM after a 1.4%MoM increase in May, as temporary weather-related factors eased. In reaction to the above, the GBP came under renewed pressure hovering around...
July 20th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Can ocean freight deliver demand for higher quality perishable products?

Can ocean freight deliver demand for higher quality perishable products?
… Shippers will call on carriers at the 10th Cool Logistics Conference & Exhibition in Antwerp this October to work with them for better solutions to raise product quality in the cold chain LONDON, 20.07.2018 – Worry that the current cost structure of the shipping industry is forcing...
July 20th, 2018 | Events, Conferences,Forums and Symposiums, Exhibitions, Logistics, Ports & Terminals, Reefer Containers, Reefer ships | Read More

Enablers of tax avoidance rules: the impact on shipping

Enablers of tax avoidance rules: the impact on shipping
Sue Bill New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and they can also be ‘named and shamed’....
July 20th, 2018 | Accountancy, News, Shipmanagement, Taxation | Read More