The French State has implemented new provisions regarding tax exemptions on commercial vessels of at least 15 meters in length, including yachts. The provisions came into force on the 1st January 2016. These provisions can be found in…
Aquatic Engineering & Construction Ltd, an Acteon company, has marked 1 million working hours without a single Lost Time Incident (LTI). This milestone follows on from Aquatic’s achievement of 1,000 days without an LTI in December 2014. The…
Borets, a company in engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has named David Langley as North American HSE manager. Based at Borets’ U.S. corporate office in Houston, Langley will be responsible…
Independent naval architecture and marine engineering consultancy ICE has expanded the design facilities of its subsidiary in Galati, Romania and is recruiting 50 additional engineers to help deliver its order book, the firm announced today…
A number of claims and disputes have arisen where cargoes of Distillers Dried Grains with Solubles (DDGS) originating from the United States have been rejected by Chinese receivers.The cargoes were rejected on the basis of color. If the color of the DDGS is dark…
The Navy is aligning limited duty officers (LDO) who support the nuclear enterprise under the 640X designator into the 62XX nuclear power series, according to NAVADMIN 006/16 released Jan. 6.This change aligns all submarine and nuclear enterprise LDOs' job functions…
The “Rules and Regulations for Construction and Classification of Indian Coast Guard Ships”, developed by the Indian Register of Shipping (IRS) were formally released by the Director General Indian Coast Guard, Vice Admiral HCS Bisht AVSM…
Over the course of the year the extent of the shipping industry’s confusion – some would say delusion – on how to clean up its emissions became clear, says Sotiris Raptis, shipping and aviation officer, European Federation for Transport and Environment…
The Shanghai International Shipping Institute (SISI) predicts a surge in bankruptcies within China's dry bulk shipping industry, Reuters reports. The overall business climate in China continues to deteriorate and dry bulk shipping companies…
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4…
Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, has started initial trial operations of its Port Community System, ‘Maqta Gateway’, following the successful completion of Stage1 of the overall project development…
A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy. Continued interest…
International accountant and shipping adviser Moore Stephens believes slashing capacity is the only way to achieve stability in the dry bulk and container ship sectors. The shipping industry is expected to remain volatile and indispensable in 2016…
Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co…
Maritime Administration announced funding availability for small U.S. shipyards; grants aim to help yards modernize and improve efficiency The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the availability of $4…