India's Ministry of Shipping has decided to rescind thirteen rules under the Merchant Shipping Act, 1958 (as amended), having found them to be obsolete and unnecessary. This in turn will declutter the legislative framework governing merchant…
Star Bulk Carriers has sold three vessels during the third quarter, a modern Supramax and two 90s built Panamax says Petros Pappas, Chief Executive Officer. Net sales proceeds for completed vessels sales were approximately $27.9 million in Q3 and we also received approximately $3…
Attendees of BIMCO’s Annual Conference in Hamburg will today hear the very latest findings on the potential vulnerabilities of ships to cyber attacks. In a session dedicated to the topic, BIMCO and industry experts will show three scenarios…
Lithuania’s Klaipedos Nafta has signed a deal with the port of Helsingborg to cooperate on the HEKLA – Helsingborg & Klaipeda LNG infrastructure facility deployment project (HEKLA). Klaipedos Nafta has also signed a Memorandum of Understanding…
The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Kostas Ladas as general manager of its London office.Ladas joins LISCR from London-based ship and insurance broker and agent Victoria Steamship Co…
Press release - Dr. Lars Landberg, a meteorologist at DNV GL, has written a book that will help non-meteorologists understand the critical concepts that underpin wind energy technology and project success. The fundamentals of meteorology dictate the success or failure of wind projects…
Stowaways onboard ships can often be a cause of significant costs for shipowners. Amanda Hastings, UK P&I Club Claims Executive, reviews shipowners’ liabilities and advises on the relevant actions to take to reduce incidents of stowaways…
On the eve of the Offshore Decommissioning Conference 2015, Decom North Sea (DNS), the offshore oil and gas decommissioning forum held its Annual General Meeting in St Andrews. Last night, the AGM saw five new board directors elected and five…
Coming in response to recently introduced STCW requirements, Transas has launched a high voltage training solution for marine engineering and electrical training.The new rules require training to be conducted using real equipment, leading…
IRClass has announced the release of new technical software, IR-CSR, for verification and compliance of oil tankers and bulk carriers against recently mandated Common Structural Rules (CSR) by the International Association of Classification Societies (IACS)…
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced Mike Celata as the Regional Director of the Gulf of Mexico Outer Continental Shelf (OCS) Region. Celata, who starts his position immediately, has been with BOEM and its predecessors since 1988…
The idle containership fleet has reached its highest level in five years, with over 1 Mteu of vessel capacity currently unemployed. Carriers are removing capacity on most main tradelanes in response to weak market demand, with the Asia to Europe route witnessing some of the most drastic cuts…
Neptune Orient Lines(NOL) confirmed that it is continuing in discussions with respect to a potential acquisition of the group as previously announced on Nov 7 on the local bourse, reports Business Times. This comes after the Singapore Exchange…
In October a number of trade bodies released a joint press release to formally announce a reduction of the High Risk Area (HRA). Insurance companies have said the reduction may not result in reduced insurance costs due to the assessment…
Chinese transport giant China Merchants Group looks set to takeover Sinotrans & CSC in the potential merger between the two shipping giants in China, reports Reuters. The two companies have been locked in reorganization talks, financial magazine Caixin said…
