Helle Hammer, Managing Director Cefor & Chair of the International Union of Marine Insurance (IUMI) Political Forum discuss about Container Weighing Rules. As of 1 July 2016, only containers with a verified gross mass will be allowed to…
One of the most common areas of bulk oil cargo claims is cargo contamination which occurs during the transfer of bulk liquid cargoes, says Captain Paul D. Hall, Director, London Offshore Consultants, IUMI Professional Partner, LOC Group. Cargo…
Neil Roberts, Manager, Marine and Aviation, Lloyd’s Market Association (LMA), United Kingdom, and International Union of Marine Insurance (IUMI) Ocean Hull Committee Secretary and Political Forum Liaison discuses about the position paper published by IUMI…
Navig8 Chemical Tankers Inc. has signed sale and leaseback agreements with CMB Financial Leasing Co. Ltd. (CMB) for three of its IMO2 37,000 dwt Interline coated tankers. The company said that the expected net proceeds from the transaction are USD 91…
DVB Group Merchant Bank (Asia) Ltd, a unit of Germany’s DVB Bank SE, can now go ahead and seek bids for selling six ships of GOL Offshore, earlier known as Great Offshore Ltd, to recover their part of outstanding loans, says a report in the Livement…
Panama Canal expansion opens June 26 amid much fanfare and one of the worst shipping industry slumps ever. WSJ says, while it won’t do anything to help the dire state of the industry near-term, the changes are critical to Western trade in the long run…
The U.S. Merchant Marine Academy (USMMA) at Kings Point graduated 229 new Merchant Marine and Military Officers as part of its Class of 2016 commencement ceremony today.The keynote speaker, Gen. Darren W. McDew, Commander, U.S. Transportation Command (USTRANSCOM)…
On September 24, 2016 the Houston International Seafarers Centers will host their Annual Maritime Gala . Niels Aalund, Senior Vice President, West Gulf Maritime Association, will be honored as the ' Bronze Anchor Award” recipient. Niels Aalund…
An Indonesian naval vessel fired on a Chinese fishing boat on Friday, injuring one person, China's foreign ministry said, the countries' third reported confrontation this year near a chain of islands as regional tensions mount in the South China Sea…
Standing near Greenland's Jakobshavn glacier, the reputed source of the iceberg that sank the Titanic over a century ago, U.S Secretary of State John Kerry saw evidence of another looming catastrophe.Giant icebergs broken off from the glacier seemed to groan as they drifted behind him…
The International Maritime Bureau (IMB) is asking shipping and maritime companies to be vigilant to the potential commercial impact that cyber-attacks can cause.IMB says that cyber security is not only about trying to identify and to prevent…
USCGC Sequoia (WLB-215), homeported in Apra Harbor, Guam, is scheduled to arrive in Saipan today, for a port visit before continuing aids to navigation operations in Western Oceania. The Sequoia will be open to the public for tours Sunday from 12 p…
Crowley Maritime Corp.’s Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of Maine Maritime Academy (MMA). The four recipients, J.T. DiGuglielmo, Jordan Harmon, Sean O’Connor and Luke Olson…
The container ship-leasing company Seaspan Corp declined Hanjin Shipping Co.’s request for a cut in charter rates by about 30 percent, dealing a blow to efforts by South Korea’s biggest liner to revamp debt amid a prolonged trade slump, reports Bloomberg…
Indonesian navy officials detained a Chinese boat along with seven Chinese crew members for allegedly fishing in Indonesian maritime territory in the disputed South China Sea region, Ap reported quoting Indonesia's navy spokesman. The Indonesian…