The UK P&I Club, a provider of protection and indemnity insurance, agreed at its board meeting Monday that the General Increase for the 2016 renewal will be 2.5 percent.In announcing the increase, the UK Club board said it is mindful of…
With the critical need to attract, cultivate and train this country’s next generation of mariners, the role of primary and secondary maritime educational programs has taken on increased importance. As the number of K-12 schools in the United States with maritime courses has grown to more than 30…
Aaron Smith has been appointed as the new President and Chief Executive Officer of the Offshore Marine Services Association, Inc. (OMSA), the national trade association representing the U.S.-flag offshore workboat industry. Smith’s appointment follows the resignation of Ben Billings…
The annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Seoul, Republic of Korea on 16 and 17 October 2015. The meeting was attended by 100 high level representatives of the industry, including…
On 29 October 2015 the research icebreaker Polarstern will leave its homeport in Bremerhaven for Cape Town, South Africa, where it is expected to arrive on 1 December. It will take 32 students hailing from 19 countries on board, who will…
NYK Line (China) Co., Ltd. has donated 30 bunk beds and some sports supplies to NYK Wangping Middle School, which is located in the rural area of Luoyang in Henan province. On October 21, Yuji Isoda, a corporate officer at NYK and the company’s chief representative for China…
The Asian Shipowners’ Forum (ASF) warmly welcomes the tremendous effort made by ship recyclers in Alang, India that have recently received Statements of Compliance (SoC) with the Hong Kong Convention from ClassNK, one of the world’s leading classification societies…
Moses Kirkconnell, the Cayman Islands’ minister of tourism said that future off-shore tendering of cruise ships is out of the question in lieu of building a $150 million cruise pier and terminal in the Cayman Islands. Given that in 2014…
Singapore looks to pull ahead in the race to become Asia’s main gas hub by establishing a domestic gas trading market. Rising liquefied natural gas (LNG) supply and demand within Asia has prompted Singapore to to become a centre for energy trading…
The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period. Following restructuring efforts after a major acquisition…
Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk A/S, will cut 10% to 12% of its workforce as part of a plan to reduce operating costs by a fifth by the end of next year, amid weak oil prices. The oil business of Danish conglomerate sets to cut 1…
China Ocean Shipping (Group) Company (COSCO) plans to launch regular services through the Arctic Ocean to Europe, as global warming makes the route viable and Beijing steps up its northern ambitions, says a report in AFP. Cosco’s Yong Sheng…
The shipping industry emissions is back in the draft Paris COP 21 agreement following a meeting of negotiators in Bonn last week. Shipping was dropped earlier in October. However, on October 14, E.U. parliamentarians called for emissions…
Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million). The container lines are continuing to use very aggressive pricing strategies to win market share in the reefer segment. The specialist…
GTT, a the designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announces that its Board of Directors met on October 14 and appointed two new members, Andrew Jamieson and, following the proposal of ENGIE…
