International accountant & shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector.Measures which will have an impact on the shipping industry include a reduction in the main rate of UK…
The Michigan Boating Industries Association (MBIA) thanks the Michigan State House and Senate for speedy support of bills.The package included assistance to public and private marinas and helped streamline the regulatory process within the Michigan Department of Environmental Quality…
Mercator Lines (Singapore) Indian-owned international dry bulk shipping company cuts short charters, sell a ship.The sale of the vessel Sri Prem Putli was concluded on 21st March, 2013 resulting in net proceeds of USD 44.4 million. The proceeds…
Singapore-based Otto Marine contracted to fabricate 4 pre-erected columns & pontoon blocks worth S$6.3-million.Otto Marine Limited, an offshore marine company which specialises in building complex offshore support vessels, ship chartering…
Euronav, report a trading loss of almost US$ 119-million after tax in year-ending 2012 report, expect oil transportation market to re-balance in 2013.Prospects for 2013 On the supply side, given the current state of the tanker market and…
IMO & IPIECA, the global oil and gas industry association for environmental and social issues, jointly launch a new Global Initiative (GI).The GI programme, aimed at improving the oil spill preparedness and response capabilities in south east…
ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…
Drewry's latest 'LNG Insight' saw heating demand subside in major importing regions in February & cargo availablilty also tightened.Regarding cargo availability, a few unplanned shutdowns, caused a 4% decline in the LNG Freight Index.LNG shipping enjoyed a dream run during 2011 and 2012…
Several passengers in the bow pulpit of a 106-ft whale-watching vessel were injured when a large wave was struck & threw them backwards.Injuries ranged from cuts and bruises to a broken patella (knee) and jaw. Although there were many other passengers on board at the time…
The organisation will help implement the West and Central Africa piracy code adopted at a recent ministerial meeting.IMO has pledged its support to assist in the implementation of a new Code of Conduct concerning the prevention and repression of piracy…
Naval Sea System Command's (NAVSEA) Supervisor of Salvage & Diving (SUPSALV) continues to support the removal of the wreck.Guardian ran aground on the coral reef Jan. 17, while transiting the Sulu Sea. After the initial grounding, strong winds…
The Canadian Ferry Operators Association (CFOA) expresses approval of industry-related budget measures.“This government continues to demonstrate its commitment to transportation infrastructure,” said Serge Buy, CEO of CFOA. “We look forward…
Ferry operator Caledonian MacBrayne (CalMac) wins award for its support of trade union-led training in the workplace.The award, from Scottish Union Learning in the Highlands and Islands, was presented to the company at an awards dinner held…
American Maritime Partnership (AMP) member, Crowley Maritime Corp. distributes the following announcement:The long-awaited General Accountability Office (GAO) study on the Jones Act in Puerto Rico shows that the U.S. domestic container shipping fleet has provided regular…
Nothing Beats Reality As advances in computing power have made marine training via simulator more mainstream, the majority would contend that the most effective training is on the water, at the helm. While training on real-world vessels can be tough due to time and safety constraints…
