The Four Dominant Criteria of Yacht Insurance
It is generally understood that the insurance coverage of a luxurious Yacht can be a headache for her owner, not having the necessary knowledge and sufficient information to make an educated decision with confidence, especially in a changing and challenging international insurance market.Yacht insurance traces its roots in an official sense back to the 17th century and falls within a special category, specifically Marine Insurance, which requires advanced knowledge and experience…
Interview: John Waterhouse, EBDG - “Be Bold in Thinking but Cautious in Application”
John Waterhouse is a ubiquitous character in the U.S. maritime industry, a deep-thinker, a signature bow tie and more than three decades of naval architecture and marine engineering experience and success as co-owner of the Seattle-based Elliott Bay Design Group (EBDG).While growing up, John Waterhouse spent some time in Vancouver, BC, Canada, and it was as a young boy standing on the shores of English Bay, watching ships come in from around the world to load and unload their cargos, when he realized that a maritime career could be his future.
Maritime Medical: Keeping Ship Crews Healthy During a Pandemic
In the best of times, keeping ship crews mentally and physically healthy is a challenge premised on the inherent nature of and dangers in the job, plus the proximity of ship from ready, shoreside help. Add a global pandemic and the situation becomes untenable. We checked in with a select group of maritime medical care organizations for mitigating COVID-19 maritime medical risk.Seafarers are an essential workforce to the global economy with as many as 1.5 million working day and night…
ABS & the Future of Classification
The discussion of the ‘future of class’ seems more relevant today than ever, as the maritime industry navigates a transcendent period, with digitalization, decarbonization and a long list of related safety and risk concerns occupying the attention and budgets of shipowners globally.“There are many things going on in the industry, and in fact the world, and looking ahead I think we’re looking at a ‘new norm’,” said Christopher J. Wiernicki, ABS Chairman, President and CEO. “It’s…
PORT PROFILE: Big Baltimore
The Port of Baltimore is poised to muscle its way into the nation’s elite top 10 ports. How that happened really isn’t hard to understand. That’s because what comes next will be the dividend of many years of focused planning.The Port of Baltimore consists of state owned marine terminals managed by the MPA and privately owned marine terminals. Approximately 90 percent of all general cargo tons move through the MPA’s public terminals, while the private terminals handled most of the Port’s bulk commodities.In 2018, the Port of Baltimore (POB) experienced a record year in foreign cargo tons.
Admiral Schultz Emphasizes Maritime as a Driver of U.S. Commerce
Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River. As the U.S. inland waterway system has endured historic water levels for more than six months, the destination provided a perfect backdrop to discuss several key messages coming from USCG leadership: the maritime industry’s critical role in facilitating U.S.
New Agreement on Minimum Wage for Seafarers
The social partners, namely the International Transport Workers’ Federation (ITF) and the International Chamber of Shipping (ICS), convened in Geneva at the Joint Maritime Commission (JMC) subcommittee on seafarers wages to review the International Labor Organization (ILO) Minimum Wage for an Able Seafarer (AB) provided for in Code B of the Maritime Labor Convention, 2006 (as amended).The decision, following two days of negotiations, was to update the minimum wage for an able seafarer by $27 over the next three years.
Moore Stephens: Ship Operating Costs to Rise in 2018, 2019
International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance. The cost of drydocking is expected to increase by 2.1% in 2018 and by 2.3% in 2019…
Cyber Attacks Threaten Shipping & Dominate Maritime News
The maritime industry must redouble its efforts to secure IT systems and data. In June, Maersk Line A/S’s information systems were severely disrupted by the so-called Petya virus. FMC provided Maersk with relief to help them get through the difficult situation. In Mid-July, a researcher penetrated a ship’s internet system through its very small aperture system (VSAT). The ship was operating in the South America trade. An internet security researcher identified as “x0rz” discovered that many shipboard VSAT systems can be penetrated through the public internet…
ICS Pleased with IMO's Enviromental Progress
Commenting on the outcome of last week’s meeting of the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), the International Chamber of Shipping (ICS) – which represents the world’s national shipowners’ associations – says it is pleased with the progress made by IMO Member States on a number of critical environmental regulatory issues that will have a profound impact on the future structure of the global shipping industry. ICS says that IMO…
SCPA Making All the Right Moves
What does it take to become – and Stay – a World Class Port in a Post-Panamax world? The South Carolina Ports Authority thinks it has the answers. In late October, the South Carolina Ports Authority (SCPA) reported year-over-year growth during the first quarter of its 2017 fiscal year. Those numbers; bolstered by loaded container volumes, particularly on the import side, supported SCPA’s growth. Strong volumes on the breakbulk side of the business and record throughput at SCPA’s Inland Port at Greer, SC, provided a solid start to FY2017. And, where some ports – in particular on the U.S.
NOIA Congratulates Trump, Urges Path Forward on Offshore Development
NOIA President Randall Luthi today released the following statement on the election of Donald Trump as the next U.S. “On behalf of the National Ocean Industries Association (NOIA), I congratulate President-elect Trump on his victory at the polls. The American people have spoken, and this long and contentious election is finally over. Even though it appears the political divide in our Nation has widened, now is the time to work together to promote wise energy policies that will enhance our ability to create jobs and promote energy security.
Is OCEMA’s Terminal Weighing Approach SOLAS VGM Compliant?
The Ocean Carrier Equipment Management Association recently declared the Terminal Weighing Approach (TWA) an industry best practice. The lack of guidelines for shippers about how to comply with the SOLAS Verified Gross Mass (VGM) regulation that went into effect on July 1, 2016, has also led to a number of questions throughout the industry. Where should containers be weighed? How do shippers provide their signatures for these weights without slowing down the supply chain? Still, as of today, many of the 170 countries that have adopted the regulation have not published guidelines.
NOIA Applauds Passage of House Interior Appropriations Bill
“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009. Not only does the passage of the bill bring back regular order, the Fiscal Year 2017 Interior and Environment Appropriations bill includes smart policy provisions to limit the harmful impact of many short-sighted regulations targeting offshore oil and natural gas exploration and development and includes protections from other potential politically-driven regulations the Obama administration could levy on its way out of office.
NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing
NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R. “NOIA applauds Congressman Graves and Ranking Member Lowenthal for their bipartisan sponsorship of the Innovation in Offshore Leasing Act and thanks the Energy and Mineral Resources Subcommittee for holding today’s hearing. “Offshore energy development is a vital part of the U.S. economy, providing jobs, energy security and much needed government revenue.
[Op-Ed] Ballast Water Facts, Not Hype
An Op-Ed issued by the Lake Carriers’ Association, American Great Lakes Ports Association and Great Lakes Maritime Task Force addresses the “exaggerations and inaccuracies” surrounding the Vessel Incidental Discharge Act (VIDA), and explains how the legislation will best protect the Great Lakes from aquatic nuisance species. Recently, several articles, editorials and letters have perpetuated exaggerations and inaccuracies about the Vessel Incidental Discharge Act (VIDA). We believe the public deserves the rest of the story.
Austal Christens Manchester (LCS 14)
Austal officials joined ship sponsor U.S. Senator Jeanne Shaheen and many distinguished guests in celebrating the christening of the nation’s 14th littoral combat ship (LCS), the future USS Manchester, here Saturday, May 7, 2016. Manchester (LCS 14) is the fifth LCS in Austal’s 11-ship, contract worth over $3.5 billion. With its shallow draft of 14 feet, the Austal-built Independence-variant LCS is an advanced high-speed and agile 419-foot aluminium trimaran combat ship that combines superior seakeeping…
IMRF: People in Distress Should be Rescued by All Vessels
Recent reports that some would-be rescuers do not fully understand the legal context of rescue at sea, and may have been deterred from helping people in distress because of possible legal action by local authorities seeking to counter trafficking activity are misplaced, according to the International Maritime Rescue Federation (IMRF). Bruce Reid, IMRF’s Chief Executive Officer, says: “Great work is being done by professional rescue crews from all over Europe, coordinated by our friends in the Italian and Hellenic Coast Guards, with the assistance too of SAR colleagues in Malta and Turkey.
BIG DATA & Maritime: The Downside
There is no question that the era of "Big Data" -- and all that those two words encompass -- will be transformational in the maritime market for the coming generation. There is no stopping the data trend, and today's generation demands it from a social aspect and needs it to be efficient in business operation. While the upside to big data has been recorded often, the North P&I Club has warned its members that despite the enormous benefits of digital technology on and around ships, there may also be some downsides.
Interferry: Aiming High in the Cause of Common Sense
Interferry CEO Len Roueche reviews the latest regulatory challenges impacting the ferry industry. With U.S. origins dating back more than 40 years, Interferry is the trade association and main voice for the global ferry sector – a crucial but often forgotten part of the wider shipping industry. Historically this has been particularly true with regard to regulatory issues at the International Maritime Organization (IMO), but in recent times the association has emerged as an increasingly influential platform within the corridors of power.
ICS Issues Shipboard Bullying Guidance
Maritime employers and seafarers’ unions have joined forces to publish new international ‘Guidance on Eliminating Shipboard Harassment and Bullying’. The new Guidelines, developed by the International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF), can be downloaded from the ICS and ITF websites. These Guidelines have been launched in advance of an important International Labour Organization (ILO) Special Tripartite Committee on the Maritime Labour Convention (MLC)…
Shippers’ Confidence Dips Slightly -Moore Stephens
Overall confidence levels in the shipping industry fell in the three months to November 2015, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.6 on a scale of 1 (low) to 10 (high). This compares to the 5.9 recorded in August 2015. The survey was launched in May 2008 with a confidence rating of 6.8. All main categories of respondent recorded a fall in confidence this time, most notably charterers (down from 6.5 to 5.5).
ABS' Wiernicki: The Head of Class
The Head of Class: Christopher J. The global maritime industry faces myriad challenges in the ongoing quest to run safe, profitable operations in an oftentimes tumultuous environment. More than ever vessel owners are faced with daunting regulatory and technical challenges, and the world’s leading classification societies remain the foundation upon which successful marine operations are built. Last month we visited with Christopher J. Wiernicki, the head of ABS and the newly elected head of the International Association of Classification Societies (IACS), for insight and analysis.
Legislation to Keep USMMA Open During Government Shutdown
With only five legislative days left to avoid a government shutdown, Congressman Steve Israel (NY-03) announced legislation that will ensure United States Merchant Marine Academy (USMMA) midshipmen can continue attending classes in the event of a shutdown. The Midshipmen Education Certainty Act would automatically appropriate funding to USMMA for the duration of a government shutdown. If Congress does not pass a bill to fund the government by October 1, the government will shut down and USMMA will be forced to close its doors for the second time in two years. Rep.
Investing in Unsustainable EU Fishing is Risky
Recent changes to EU fishing and seafood legislation means that the financing of fishing operations reliant on overexploited stocks, or the use of destructive or unselective methods will prove a high risk to investors, Greenpeace warned today. The newly published Greenpeace briefing “Risky Business - Why Smart Investors Must Avoid Unsustainable Seafood Operations” outlines how a culture of overfishing, combined with sweeping changes in the European Union’s Common Fisheries Policy (CFP)…
ABS CEO Lays Out Vision for Technical Leadership at CMA Shipping
During the recent CMA Shipping 2015 conference in Stamford, Connecticut, ABS Chairman and CEO Christopher J. Wiernicki provided the conference's keynote address to set the agenda for discussion over the following two days. CMA Shipping is an annual meeting of nearly 1,300 leaders of the maritime industry from around the world, the largest gathering of maritime executives in North America. Wiernicki gave the attendees plenty to consider as he laid out his vision for how the maritime industry must embrace a new generation of technical leadership.