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Wärtsilä awarded a major contract to design six offshore oilfield ships for Chinese COSL

Wärtsilä awarded a major contract to design six offshore oilfield ships for Chinese COSL
Wärtsilä Corporation, 19 December 2012 at 10 am EET   – Wärtsilä, the marine industry’s leading solutions and services provider, has signed a contract with China Oilfield Services Ltd (COSL) to supply the designs for a total of six new ships. The two Platform Supply Vessels (PSVs)...
December 19th, 2012 | Marine Equipment Products and Services, News, Oil Platforms and Rigs, Shipbuilding and Shipyards | Read More

The reform of insurance contract law:a Sisyphean task?

The Marine Insurance Act, 1906 is an astonishing piece of Victorian intellectual capital, the overwhelming bulk of the work being undertaken towards the end of Victoria’s reign. It took 12 years to find its way into the statute book, however, and is, in that sense, strictly Edwardian. The Act has arguably...
December 18th, 2012 | Marine Insurance | Read More

60 seconds with… Hugh Shaw

Tuesday 18 Dec. 2012 –  lloyds.com talks to Hugh Shaw*, the UK’s Secretary of States Representative for Maritime Salvage and Intervention (SOSREP) about keeping our seas safe and clean, and the complexities of removing ship wrecks from our waters. Briefly describe your responsibilities?   The...
December 18th, 2012 | Marine Insurance | Read More

New US$ 300 million revolving credit facility for CMB/Bocimar

CMB has signed a USD 300 million senior secured reducing revolving   credit facility with DNB Bank ASA and Nordea Bank Norge ASA as lead   arrangers and bookrunners, Belfius Bank nv/sa, Fortis Bank sa/nv, KFW   IPEX-Bank GmbH and Skandinaviska Enskilda Banken AB (publ) as lead   arrangers and ABN...
December 18th, 2012 | Shipfinance | 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 – Autonomous System Experiments off Tuas Bay     *Australia, all ports – AMSA & CSIRO join forces to improve maritime incident response. DATE: December 18, 2012 COUNTRY:...
December 18th, 2012 | Oil Spill, Ports & Terminals | Read More

Parliament Maintains European Perspective on TEN-T

Parliament Maintains European Perspective on TEN-T
Patrick Verhoeven Today, the Committee on Transport and Tourism (TRAN) of the European Parliament voted on the Trans-European Transport Network (TEN-T) guidelines and the Connecting Europe Facility (CEF) proposals. ESPO welcomes the fact that Members of Parliament gave their support to a TEN-T policy...
December 18th, 2012 | European Union, Politics and Government, Tourism | Read More

Major Incident Prevention at heart of IMCA safety seminar

Major Incident Prevention at heart of IMCA safety seminar
Jane Bugler The offshore oil industry has focused its safety efforts over the past 20 to 30 years on preventing incidents and injuries to people, basically preventing slips, trips and falls – the occupational health and safety aspects. In parallel there have been efforts to prevent major incidents...
December 18th, 2012 | Associations, Energy, Health and Safety, Manning - Seafarers and Offshore, Maritime Accidents, Safety and Security | Read More

Laying the groundwork for LNG: GL GasPax Forum

Laying the groundwork for LNG: GL GasPax Forum
GL’s Dr Pierre C Sames presents the GasPax project partners with approval in principle certificates. From left to right: Dr Pierre C Sames, Head of Research and Rule Development GL, Rolf Nagel, Flensburger Schiffbau-Gesellschaft, Dr. Bernhard Urban, Lürssen, Gerhard Untiedt, Meyer Werft, Hans-Christian...
December 18th, 2012 | Bunkering, Classification Societies, Energy, Events, Marine Equipment Products and Services, Shipbuilding and Shipyards | Read More

Fara delisting from Oslo Børs

18/12/2012  The shares in Fara ASA will be delisted from Oslo Børs. Last day of listing will be Friday 1 March 2013. Fara ASA has in letter dated 9 November 2012 pursuant to Continuing Obligations section 15.1 (4) cf. Stock Exchange Act section 25 (1), applied for delisting of the company’s shares...
December 18th, 2012 | Stock Markets | Read More

SEEMP Software sea trial delivers fuel cost savings of US$ 210, 000 per annum

SEEMP Software sea trial delivers fuel cost savings of US$ 210, 000 per annum
  m/v Bore Sea at sea loaded Electronic SEEMP solution from NAPA proves almost 6% annual reduction in fuel consumption for the 2860 lane meter Bore RoFlex vessel HELSINKI, 18 DECEMBER 2012 – In advance of International Maritime Organisation’s (IMO) ship energy efficiency management plan (SEEMP)...
December 18th, 2012 | Bunkering, Marine Equipment Products and Services, News, Regulatory | Read More

IUA sets out plans for 2013

Dave Matcham Two key regulatory developments are high on the International Underwriting Association’s list of priorities for 2013. The association will be tracking various initiatives aimed at converging international regimes for the supervision of re/insurance. It will also be seeking to ensure the...
December 18th, 2012 | Associations, Insurance and Reinsurance | Read More

ClassNK Tops 210 Million Gross Tons

Noboru Ueda speaking at the last Greek Shipping Awards earlier this month World Leading Class Society Adds 10 Million GT in 6 months Tokyo – Leading classification society ClassNK continues its remarkable growth in 2012, announcing today that its register topped 210 million gross tons for the first...
December 18th, 2012 | Classification Societies | Read More

The Markets, the World Economy, Shipping and the Greek saga…

The Markets, the World Economy, Shipping and the Greek saga…
John Faraclas’ live interview to Panos Thomakos at SBC TV last Friday the 14th of December 2012 tackled the following issues: 1. The continuation of the downward markets – wet and dry in dire straits! 2. The Markets, the free fall of the BDI at 784 points! He expressed his concern with the way shipbrokers...
December 17th, 2012 | Cruise Industry, Energy, Markets, News, Politics and Government, Ports & Terminals, Shipbuilding and Shipyards, Trade and Commerce | Read More

Dynamic Oil heralds succesful start to new trading operations

Strong liquidity and capital provide foundation for strong start and quick growth Singapore, 17 December 2012 – Dynamic Oil Trading, the newly launched global trading company for marine fuels and lubricants, today announced an successful start to trading, since it commenced operations in October...
December 17th, 2012 | Energy, Oil Industry, Trade and Commerce | Read More

A seasonal tradition continues at AtoBviaC

As far as seasonal customs go in the shipping industry, the advent of the New Year’s Wordscale tanker flat rates, currently arriving on desks worldwide, has proven to be one of the most reliable. And again, this reliability extends to the choice of AtoBviaC as Worldscale’s partner in calculating...
December 17th, 2012 | Fixtures, Oil Industry, Trade and Commerce | Read More

HOT Port News from GAC

Your daily news service from ports around the world. In this HOT PORT NEWS, read about:  * Singapore, all ports – Bunker supplier licence cancelled  * Hong Kong, all ports – Safe Navigation in Poor Visibility  * Australia, Port Kembla – Three-day maintenance shutdown  * Bunker Update...
December 17th, 2012 | Bunkering, Ports & Terminals | Read More

ICS sets out future for Arctic Shipping

Simon Bennett The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has issued a new position paper on Arctic shipping. As the Arctic becomes more accessible, ICS has set out some key principles with regard to the future governance of Arctic waters. Offshore...
December 17th, 2012 | International Chamber of Shipping, Trade and Commerce | Read More

Rickmers-Linie to take delivery of two newbuildings

One of Rickmers heavy lifters the m/v Rickmers Hamburg Rickmers-Linie is to take delivery of two 20, 000dwt newbuildings in 2015, built at Hudong-Zhonghua Shipbuilding in China. Both of these multi-purpose vessels will be equipped with two 450-tonne cranes and one 120-tonne crane. The two main cranes...
December 17th, 2012 | Shipbuilding and Shipyards | Read More

Meeting of the 19th Board of children-Representatives of the “HELMEPA Junior” program

Meeting of the 19th Board of children-Representatives of the “HELMEPA Junior” program
All on stage at the conclusion of the proceedings On Friday, 14th December, the 19th Board of Representatives of the “HELMEPA Junior” program that was implemented during the 2011-2012 school year, convened in Athens. The Board was comprised of thirteen children-members, aged between 5 and 13, who...
December 17th, 2012 | Charity, Environment, Events | Read More

EC Breaches International Law on Ship Recycling File, Independent Lawyers Say

NGO Platforms Calls for Public Disclosure of European Council Legal Analysis   17 December 2012 (Brussels) – The European Commission’s proposed regulation on ship recycling is illegal, according to two independent legal experts whose legal opinions were publicly released today. The NGO Shipbreaking...
December 17th, 2012 | Environment, Health and Safety, Ship Demolitions | Read More

American P&I Club sailing steadily ahead amid highly volatile global claims environment

American P&I Club sailing steadily ahead amid highly volatile global claims environment
Joe Hughes The size and volatility of very large insurance claims in the shipping market is unlikely to abate, Joe Hughes, chairman and chief executive of Shipowners Claims Bureau, which manages the American P&I Club, has warned. Speaking at his annual briefing for members and other shipowners and...
December 17th, 2012 | Events, P and I Clubs | Read More

Diana Shipping Inc’s latest t/c fixtures

Diana Shipping Inc., announces time charter contracts for m/v Norfolk with Clearlake, m/v Alcyon with EDF and m/v Melite with Cargill ATHENS, GREECE, December 17, 2012 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today...
December 17th, 2012 | Chartering, Fixtures | Read More

Homage to Britain’s coal-fired paddle steamers: poetry by Christine Sherlock

Homage to Britain’s coal-fired paddle steamers: poetry by Christine Sherlock
Christine Sherlock Homage to Britain’s coal-fired paddle steamers: poetry by Christine Sherlock By Christine Sherlock I was inspired to write a poem about one of Britain’s most popular paddle steamers, the historic Kingswear Castle, after an enjoyable trip down the River Medway from Rochester in...
December 16th, 2012 | Maritime Art, Maritime History and Museums, People and Places | Read More

An Italian ambassador for the avant-garde returns to London: Whitechapel Gallery opens its latest exhibition

An Italian ambassador for the avant-garde returns to London: Whitechapel Gallery opens its latest exhibition
Untitled (Film Still no 49) Black and white photograph By Cindy Sherman Courtesy Collezione Sandretto Re Rebaudengo An Italian ambassador for the avant-garde returns to London: Whitechapel Gallery opens its latest exhibition, By James Brewer Twenty years ago, an Italian business graduate, Patrizia Sandretto...
December 16th, 2012 | Exhibitions | Read More

Underwriters gain an edge with market insight

Managing agents are using insightful analysis from Lloyd’s Market Intelligence team to benchmark their performance and make more informed decisions when accessing new markets. Insurers and brokers are always on the lookout for useful data and analysis on insurance markets around the world, but reliable...
December 16th, 2012 | Insurance and Reinsurance | Read More