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647, good heavens – the market deeps down to…Hades!

647, good  heavens – the market deeps down to…Hades!
John Faraclas 647, yes you read correct! The 25 plus years low of the BDI on the 3rd of February is yet another milestone of an otherwise predictable market by the writer, …err John Faraclas, and the continuation of erroneous market predictions, assessments and failures by the hoi polloi of the...
February 27th, 2012 | Markets, News, Politics and Government | Read More

HARRIS PYE – First order for complete Turnkey HFO to dual fuel boiler conversion

The Harris Pye Group – a high profile FPSO conversion company, one of the world’s leading specialists in the repair of marine and industrial boilers and an IMarEST Marine Partner – announced today that it has secured its first order for the design, supply, installation and commissioning of its...
February 26th, 2012 | Marine Equipment Products and Services | Read More

UK Club debuts innovative maritime risk management scheme in Asia at Shipping Hong Kong Week

Karl Lumbers Marine mutuals like the UK P&I Club are committed to reducing the number and size of insurance claims they receive. After all, in the P&I world, members own their respective clubs and through pool arrangements within individual clubs, they in effect pay their own claims. The...
February 25th, 2012 | P and I Clubs | Read More

Mysteries of the markets: some shares at odds with commodities, others contrary with freight rates –

Mysteries of the markets: some shares at odds with commodities, others contrary with freight rates –
  Dione, one of the panamax bulkers in the Diana Shipping Inc fleet – Mysteries of the markets: some shares at odds with commodities, others contrary with freight rates, By James Brewer – Gold! The precious metal is in fevered demand, and the commodity price is at record levels of...
February 24th, 2012 | Markets, News | Read More

London Somalia conference welcomed by IMO chief

London Somalia conference welcomed by IMO chief
UN Secretary-General Ban Ki-moon (left) visited IMO Secretary-General Koji Sekimizu at IMO HQ prior to the London Somalia conference The outcome of a UK-hosted conference on Somalia has been welcomed by IMO Secretary-General Koji Sekimizu. The conference, held at Lancaster House, London yesterday...
February 24th, 2012 | IMO, News, Piracy and Terrorism, Safety and Security | Read More

HOT Port news from GAC

Your daily news service from ports around the world. In this HOT PORT NEWS, read about: United States, Delaware Bay, Delaware – Mantua Creek Anchorage opened Singapore, Singapore – Construction works at SAF Yacht Club (Sembawang) Australia, Melbourne – Williamstown, Nelson Pier...
February 24th, 2012 | Ports & Terminals | Read More

HSH Nordbank pools financing for five wind farms in Hesse and Lower Saxony

Hamburg/Kiel, 24 February 2012 – HSH Nordbank is assisting five wind farms in Germany with portfolio debt financing amounting to EUR 32 million. The borrower is Hurrikan Power Funding Holding GMBH, an affiliate of ArcLight Capital Partners, LLC. The 38 windturbines have total power generation capacity...
February 24th, 2012 | Banking, Energy | Read More

One million horsepower produced by Qingdao Qiyao Wartsila MHI Linshan Marine Diesel Co., a jointly owned marine engine factory in China

Qingdao Qiyao Wartsila MHI Linshan Marine Diesel Co. (QMD) in Qingdao, China, celebrates its rapid growth as an engine builder with its achievement of having produced one million horsepower of two-stroke marine engines. The celebration took place on 24 February 2012 at QMD’s premises in Qingdao....
February 24th, 2012 | Marine Equipment Products and Services | Read More

Groundbreaking ruling shows way forward for asbestos victims

Groundbreaking ruling shows way forward for asbestos victims
  Chittagong scrap yard – photo by Maro Kouri Asbestos still a threat to thousands of workers in the shipbreaking industry   Brussels, 23 February 2012 – On 13 February 2012 in a historical ruling an Italian court sentenced two former top managers of multinational construction...
February 23rd, 2012 | Breaking News, Environment, Pollution, Ship Demolitions | Read More

Breakthrough order for DC technology

ABB wins order to install the first ever DC-based electric solution for a vessel. The Onboard DC Grid will allow vessels to cut fuel consumption and emissions by up to 20 percent. Zurich, Switzerland, February 22, 2012 – ABB, the leading power and automation technology group, has won an order from...
February 23rd, 2012 | Energy, Marine Equipment Products and Services, Pollution | Read More

Revised garbage discharge regulations for ships

The Shipowners’ Club advises on the subject of Polluton Worldwide: We would like to advise Members of new requirements to come into effect from 1st January 2013, which will prohibit the discharge of garbage waste into the sea from ships, except in very limited circumstances. QUOTE The Marine Environment...
February 23rd, 2012 | Pollution | Read More

HOT Port news from GAC

Your daily news service from ports around the world. In this HOT PORT NEWS, read about: Germany, Kiel Canal – Lock chambers back in service United States, Sabine, Texas – Channel closure due to fog United States, all ports – California No Discharge Zone to come into effect Chile,...
February 23rd, 2012 | Ports & Terminals | Read More

SOS SaveOurSeafarers welcomes piracy conclusions of Somalia Conference but disappointed that seafarers not mentioned.

SOS SaveOurSeafarers welcomes piracy conclusions of Somalia Conference but disappointed that seafarers not mentioned.
SOS SaveOurSeafarers ** welcomes the London Conference on Somalia which was attended by 55 delegations from Somalia and the international community, and willingly supports its focus on unifying the international community in its coordinated support to Somalia, in the hope that a new era of Somali politics,...
February 23rd, 2012 | Associations, Conferences, Seminars, Forums, HR, Organisations, Piracy and Terrorism, Safety and Security, Shipmanagement | Read More

Dr Mark-Ken Erdmann joins Rickmers Group as Deputy CFO

Dr Mark-Ken Erdmann joins Rickmers Group as Deputy CFO
Dr Mark-Ken Erdmann will join Rickmers Holding in Hamburg as Deputy CFO as of 1 July 2012. In this position, he will be responsible for a broad range of corporate functions including Accounting & Controlling, Tax, IT, Human Resources, Legal Affairs, as well as Mergers & Acquisitions. He will...
February 23rd, 2012 | Company Profiles, People and Places | Read More

New Rules for Chamber Systems in Tunnelling

Hamburg/Germany 23 February 2012 – Personnel air locks are essential pieces of equipment for compressed air work, particularly in tunnelling projects. Currently for simple personnel airlocks there exist some basic national requirements in individual countries as well as a European standard. To...
February 23rd, 2012 | Classification Societies, Marine Equipment Products and Services, Regulatory, Safety and Security | Read More

Collision of Containership MOL Maneuver

Collision of Containership MOL Maneuver
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the MOL-operated containership MOL Maneuver collided with the containership Zhen He while under way on the open seas southeast of Hong Kong, on February 22, 2012, at around 17:45 p.m., Japan time. None of the crew was...
February 23rd, 2012 | News, Safety and Security | Read More

Security Council calls for large increase to African peace force in Somalia

Security Council calls for large increase to African peace force in Somalia
UNODC Executive Director Yury Fedotov addresses the Security Council on the situation in Somalia -UN Photo by Devra Berkowitz The Security Council today called on the African Union (AU) to increase the size of its peacekeeping force in Somalia (AMISOM) by almost 50 per cent to deal with continued...
February 22nd, 2012 | News, Organisations, Piracy and Terrorism, Safety and Security | Read More

HOT Port news from GAC

Your daily news service from ports around the world. In this HOT PORT NEWS, read about: Singapore, Singapore – Installation & maintenance of an ADCP Sensor Buoy Australia, Port Kembla – Coal Terminal dispute resolved Libya, all ports – Libya oil infrastructure assessment DATE:...
February 22nd, 2012 | Ports & Terminals, Safety and Security | Read More

Videotel, Safebridge and MSG join forces…

 … to offer a blended learning approach to ECDIS – one of the marine industry’s biggest training and education challenges today.- Videotel, the world’s largest multi-media producer of high-quality maritime safety training software and materials serving the maritime community on board...
February 22nd, 2012 | IT and Communications, Manning - Seafarers and Offshore, Marine Equipment Products and Services, Maritime Education and Training | Read More

What does the ‘polluter pays principle’ mean? How has it been applied its specific legal measures and how effective has its implementation been in practice?

On the Environmental Law we have Spyros D. Kintas’ work, an interested work for this important aspect of the Environment which is top of the Agenda with Piracy and Terrorism, particularly when it comes from the new generation! As we have said, this is a platform for all, your plattform and we...
February 22nd, 2012 | Environment, Featured, Legal | Read More

Statement from SOS SaveOurSeafarers

Statement from SOS SaveOurSeafarers
Wednesday 22 February 2012 – Following Tuesday’s conference on Somali piracy organised by the UK’s Foreign & Commonwealth Office and held at the IMO’s London headquarters, Giles Heimann, Chair of the SOS SaveOurSeafarers ** campaign, said: “We welcome the acknowledgement of the...
February 22nd, 2012 | Associations, Conferences, Seminars, Forums, HR, IMO, Piracy and Terrorism, Politics and Government | Read More

PD Ports completes first phase of investment programme

PD Ports completes first phase of investment programme
First phase of Teesport expansion is now complete PD Ports has taken the next step in its programme to almost double its container handling capacity at Teesport, with the completion of the ground works in January. The works, which began in January 2011, involved the complete reconstruction of more...
February 22nd, 2012 | Logistics, News, Ports & Terminals | Read More

IMO -preview: Marine Environment Protection Committee (MEPC), 63rd session, 27 February to 2 March 2012

IMO -preview: Marine Environment Protection Committee (MEPC), 63rd session, 27 February to 2 March 2012
Market-based measures for greenhouse gases from ships on agenda as IMO Marine Environment Protection Committee meets Market-based measures to reduce greenhouse gas emissions from international shipping will be among the key items on the agenda of the Marine Environment Protection Committee (MEPC) of...
February 22nd, 2012 | Conferences, Seminars, Forums, Environment, IMO | Read More

Round Table associations believe the timing is not right for an MBM

As it issues its latest position paper on greenhouse gases from ships and market-based measures (attached below), the Round Table of international shipping associations (RT) is of the view that Market Based Measures (MBMs) are not justified at this particular time. The RT fully supports the adoption...
February 22nd, 2012 | BIMCO, IACS, Intercargo, Intertanko | Read More

Round Table associations recommend against the application of EEDI to existing ships

The Round Table of international shipping associations (RT) supports the adoption of the new energy efficiency regulations for ships by the IMO in July 2011, which demonstrated the effective role of IMO in regulating worldwide shipping CO2 emissions. The measures include the Energy Efficiency Design...
February 22nd, 2012 | BIMCO, Intercargo, Intertanko | Read More