U.S. Imposes Venezuela Sanctions on shippers, tankers
The United States has imposed sanctions on two shipping companies and two tankers involved in trade with Venezuela, the U.S. Treasury Department said on Friday.The two companies are based in Marshall Islands and Liberia, and both tankers have Panama flags, the Treasury said in a statement on its website.Reporting by Makini Brice
Liberia Confirmed as World’s Second-largest Ship Registry
Liberia is the second largest ship registry in the world, according to leading shipping analyst Clarksons in its Clarksons World Fleet Monitor January 2019. This report confirms that, in gross tonnage terms, Liberia has overtaken and outgrown the Marshall Islands, which now languishes in third place.Alfonso Castillero, CCO of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry, says, “This is about quality of service, not…
India: Seafarer Jobs Growth whopping 42.3%
The last four years saw an unprecedented growth of 42.3 per cent shipboard jobs for Indian seafarers.The seafarers employed on ships worldwide increased from 108446 in 2013 to 154349 in 2017.India now provides 9.35 per cent of the global seafarers and ranks third in the list of the largest seafarer supplying nation to the world maritime industry."The Ministry of Shipping has strived to improve employment generation in the Shipping sector during the last four years," said Union Minister of State for Shipping Mansukh Mandaviya.He further added…
IMO Provides Fellowships for Women in Ports
International Maritime Organization (IMO) has provided fellowships to ten female officials attending a Port Senior Management Programme held at the Galilee International Management Institute (GIMI) in Nahalal, Israel, (14 -27 November). "A successful and well-run port contributes to the sustainable economic development of its region. But what is also an economic no-brainer is female empowerment. We provide fellowship to address both these points," said a statement from IMO.The two-week course provides participants with key information and updates on innovations in the port industry.
Liberia Becomes First Flag State to Join the MACN
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member.Alfonso Castillero, CCO of the Liberian Registry, says, “The organization has done great work fighting corrupt practices in some of the most difficult regions in the industry. MACN’s model of government and local partner collaboration, and industry-led collective action, is considered global best-practice. It’s not often the shipping sector gets that sort of recognition.“Effective flag states…
New Maritime Fuel Rules: Industry Frets About Cost, Strategy, Supply
There are studies and reports from classification societies, scientific organizations and governmental agencies assuring maritime industries that carbon-heavy fuel is peaking and will be replaced by 2050, if not by 2035, with zero carbon power alternatives. No question, they chorus, shipping can meet the IMO goals of a 50% reduction in 2008 levels of GHS by 2050.But as the hot breath of various deadlines bear down upon them, with the 2020 sulfur cap in the forefront, ship owners…
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) announced that the Republic of the Marshall Islands (RMI) Registry will not levy surcharges and commissions on vessel documents and certificates issued on its behalf by the classification societies."The RMI Registry will continue to provide its clients with a transparent pricing structure for the issuance of key certificates needed by shipowners," it said in a statement.Bill Gallagher, President of IRI, which provides administrative and technical support to the RMI Registry…
Verifavia Signs with Two Ship Managers
Verifavia, an emissions verification company for the transport sector (aviation and shipping), has announced major cooperation’s with two of the world’s largest ship managers, namely Wallem Ship Management in Hong Kong and Zeaborn Ship Management in Hamburg (a consolidation of E.R. Schiffahrt and Rickmers Shipmanagement), to conduct verification services for European Union (EU) Monitoring Reporting and Verification (MRV) and the International Maritime Organization’s (IMO) Data Collection System (DCS)…
Liberia Calls for Early Reporting on 2020-compliant Fuel Availability
Liberia has submitted a paper to the IMO Marine Environment Protection Committee (MEPC) calling for early reporting on the availability of fuel oil that is compliant with the new 0.50 percent global fuel oil sulphur limit well in advance of January 1, 2020, the effective date the new fuel oil must be used on board ships.David Pascoe, Senior VP, Maritime Operations and Standards, Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry…
Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens, London and New York offices advised Citigroup and certain other lenders (including China Exim Bank and Eurobank) on new money, take out and refinancing facilities, restructuring support agreements, debt for equity arrangements…
Liberia Becomes Fastest Growing Flag in Shipping
Liberia is the fastest growing major open registry in 2018 in both the shipping and offshore sectors, according to shipping services provider Clarksons in its Clarksons World Fleet Monitor June 2018.Alfonso Castillero, CCO of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry, said: “I am delighted to see that Liberia continues to be the leading flag in 2018. It has grown by 2.2 percent in terms of gross tonnage overall so far this year…
Panama Maritime Authority Authorises Verifavia
Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), announced that it has become the first independent verifier authorised by the Panama Maritime Authority to conduct the International Maritime Organisation’s (IMO) Data Collection System (DCS) verification services for vessels registered in Panama. Through this authorisation granted by Panama, Verifavia will offer its IMO DCS and EU MRV verification services to the world’s largest ship registry – with over 8…
TI Blames IMO’s Weak Governance on Climate Change Action
Weak governance at the International Maritime Organization (IMO) is delaying the shipping sector’s action on climate change, according to Transparency International. IMO is at risk of unresolved conflicts of interest due to shortcomings in its governance, according to preliminary key findings of a new study by Transparency International. Private shipping-industry concerns could have undue influence over the policymaking process at the IMO, concluded the anti-corruption organisation.
Abuja MOU to Enhance Shipping Standards in West, Central Africa
In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and 9th Port state Control Committee Meeting with the aim of developing a unified system of Port State Control inspection procedure for the region. The Memorandum of Understanding on Port State Control for West and Central African Region…
LISCR, NAMEPA, PROSEA Join Forces
The Liberian Registry, the North American Marine Environment Protection Association (NAMEPA), Netherlands-based ProSea Marine Education, and Maritime Training Services (MTS) of Seattle, Washington, have jointly developed a ground-breaking marine environmental awareness training program for seafarers and shoreside staff. The computer-based training program provides a comprehensive overview of the complex and diverse marine environment, explaining how it is impacted by shipboard waste, discharge and spills, and by shipping generally.
Tokyo MOU: Concentrated Inspection Campaign On Safety Of Navigation
The concentrated inspection campaign (CIC) on safety of navigation was carried out in the Tokyo MoU region from 1 September 2017 to 30 November 2017. Within the campaign, Tokyo MOU member Authorities verified vital points of compliance in accordance with SOLAS Ch. V on all types of foreign merchant ships. During the CIC, member Authorities inspected a total of 6,720 vessels, of which 36 (0.54%) were detained as a direct result of the campaign. In total 157 (2.34%) ships were detained during the campaign.
Liberia Opens Maritime Training Institute
The Liberia Maritime Training Institute (LMTI) was officially opened by Liberia President Ellen Johnson-Sirleaf during an inauguration ceremony in Marshall City, Liberia, on January 5. The facility is named after John G Bestman, former Liberian finance minister and a member of the board of governors of the Central Bank of Liberia. Under the management of the Liberian International Ship & Corporate Registry (LISCR), LMTI has undergone a massive renovation and facility modernization program over the past two years, resulting in the creation of a new campus and state-of-the-art facilities.
Panama Maritime Authority Authorizes Dromon Bureau of Shipping
Panama Maritime Authority has authorized Dromon Bureau of Shipping (DBS) as a Classification Society, Recognized Organization (RO) and Recognized Security Organization (RSO) to perform class and statutory certification services on behalf of the Flag Administration. The agreement was signed by Fernando Solorzano, General Director of Merchant Marine of the Republic of Panama and Andreas Nicolaou, Managing Director of DBS. The signing ceremony took place on 24th of November 2017 at the presence of Honourable Jorge Barakat Pitty…
NAMEPA to Honor Founding Chairman Maitland
The North American Marine Environment Protection Association (NAMEPA) announced that Clay Maitland will receive the organization’s Lifetime Achievement Award at an awards dinner in New York on October 26. Maitland, who is a Managing Partner of International Registries, Inc (Marshall Islands Ship Registry), is being recognized for his many industry accomplishments including being a NAMEPA co-founder. “Clay is one of the finest examples in our industry of a successful businessman who expends nearly as much energy on philanthropy,” said NAMEPA Chairman Joe Hughes.
BWMC Amendments Good for Shipping, Environment - Liberia
The Liberian Maritime Administration has welcomed an agreement reached by the IMO Marine Environment Protection Committee (MEPC) on an implementation schedule for the Ballast Water Management Convention (BWMC) which broadly incorporates the terms of an amendment initially proposed by Liberia. It was decided at the 71st session of the MEPC (MEPC 71) in London that ships built after September 8, 2017 should have a ballast water management system (BWMS) installed upon delivery. Existing ships…
ICS Urges IMO to Set Ballast Water Implementation Dates
The International Chamber of Shipping (ICS) has urged the International Maritime Organization (IMO) to back a proposal from a broad coalition of governments concerning the implementation dates for installing new ballast water treatment systems. “If this pragmatic proposal is agreed, this would allow shipping companies to identify and invest in far more robust technology to the benefit of the marine environment,” said ICS Secretary General, Peter Hinchliffe. ICS says that this IMO decision on dates…
MLC, 2006 Inspections Yield Positive Results
Aiming to verify that the minimum standards for working and living conditions have been implemented for crews working on board commercial vessels, as well as generate more awareness, Port State Control Officers in the Paris MoU region have carried out a Concentrated Inspection Campaign (CIC) on Maritime Labour Convention (MLC), 2006. A total of 3,674 questionnaires for the CIC have been completed during regular inspections over a period from September 1 to November 30, 2016. The campaign resulted in 42 detentions (1.1 percent) directly linked to the MLC, 2006 requirements.
Liberian Registry No 1 Choice for Greek Shipping
Liberia has confirmed its position as the leading flag of choice for Greek ship owners and operators, according to statistics produced by the independent research and information organisation Marine Information Services (MIS) in Greece. The MIS figures show that the Greek merchant fleet now includes 1,037 Liberian-flag ships. Liberia also leads the way in terms of total deadweight tonnage registered under its flag by Greek owners, aggregating 78m dwt. Michalis Pantazopoulos, Senior Vice-President of the Liberian International Ship & Corporate Registry in Greece…
Greece Tops World's Worst Shipping Nation
NGO Shipbreaking Platform Annual Report 2016 listed Greece as number one in World's Worst Shipping Nation followed by China. It may be surprising for a country whose industry is proud of green technology and engineering solutions, but in 2016 Germany was responsible for the worst shipbreaking practices amongst all shipping nations when one compares the size of its fleet to the number of ships broken irresponsibly. German owners, banks and ship funds had a staggering 97 ships rammed up on the beaches of South Asia out of a total of 99 vessels sold for demolition.
Hong Kong: Impressive Destination, Unfinished Journey
A truly global hub and still arguably the center of Asian trade and logistics, Hong Kong nevertheless faces many challenges. … the Port of Hong Kong saw in 2016 its lowest TEU throughput for more than a decade. Not even a late surge in throughput in December could prevent the less-than-rosy results. By the numbers, Hong Kong saw a monthly 1.8 million TEU, 14 percent increase from the same period just one year ago. But, 2016’s totals (19.6 million TEU) represented an annual drop of 2.5 percent.
Star Bulk Awarded USCG Qualship 21 for 30 Vessels
The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 30 bulk carriers owned and operated by Star Bulk Carriers Corp., the largest U.S. listed dry bulk operator. The Qualship 21 program rewards high quality ships sailing under qualifying flags. In a letter to Star Bulk, Rear Admiral Paul Thomas of the USCG stated, “Less than 10 percent of all [non-U.S. flagged] ships that operate in the [U.S.] meet the eligibility requirements of this program, putting [Star Bulk's] qualified vessels in an elite class.