Maritime businesses face a broader range of risks than most. A look at some recent business transactions is proof enough.Risk is a critical element of every maritime-related business transaction from a financial risk management perspective…
Outside investors and other variables change the way that shipping firms manage risk. Investable assets include ships, freight and even the hedging of bunkers.'Shipping is now an investable asset,” was an important observation by analyst Tyler Rosenlicht…
Proposals to protect the world’s oceans have been welcomed by the International Chamber of Shipping (ICS), principal trade association for merchant shipowners. ICS advises that the Global Ocean Commission’s (GOC) ideas should be taken seriously…
Well-established local criminal syndicate diversifying its targets rather than undertaking new operations says Denmark-based security advisory and intelligence company Risk Intelligence.The recent hijacking cases of coastal product tankers…
Nick Brown appointed Marine Chief Operating Officer (COO) while EMEA area is split into two operating regionsin Lloyd’s Register announced the appointment of Nick Brown, previously Director Business Development & Innovation, as the group’s new Marine Chief Operating Officer…
“There is a large potential for Germany to cut its climate emissions in a cost-effective way through the increased use of natural gas”, said Statoil CEO Helge LundSwitching from coal to gas as the power sector is a significant opportunity to cut emissions…
The dedication and character of the men and women of the U.S. Coast Guard provide inspiration for many across the nation. Some of the most inspired are Coast Guard artists who belong to the Coast Guard Art Program.The Coast Guard Art Program…
A Port Tariff increase will come into effect for New South Wales ports covering Sydney (Gore Bay, Port Botany and Kurnell) from August 1, 2014, GAC reported in its daily Hot Port News report.Sydney Ports has determined that an increase in Statutory Charges of 9…
The class of 2014 from the U.S. Merchant Marine Academy (USMMA), which included 225 new Merchant Marine and Military Officers, graduated in Kings Point, New York on Saturday. Vice Admiral Michelle J. Howard, Deputy Chief of Naval Operations for Operations…
Minister of Transport, Works and Housing, Dr. the Hon. Omar Davies, MP, will be giving the opening address at the 19th annual meeting of the Caribbean Port State Control Committee (CPSCC 19), put on by the Secretariat of the Caribbean Memorandum…
Organized every two years among the FORAN users, the Eight FORAN Users Meeting (FORUM 2014) took place from June 11-13 in the Parador de la Granja, Segovia.The event started on Wednesday, June 11, with a guided visit to the Royal Palace and Gardens of La Granja…
Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean.Shares of the company, which operates the Carnival, Holland America and Costa cruise lines…
MOL (America) Inc. welcomes Junya Nakamura as Senior Vice President of Transpacific, Caribbean, Latin (West Coast South America) Trade. For the Transpacific Trade, he will report to Richard Hiller, executive vice president, MOL Line and for the Caribbean and Latin Trade…
Tideworks Technology, Inc., a full-service provider of comprehensive terminal management and planning software solutions, announced that it is moving to a newly renovated office space at the World Port Building in Rotterdam to accommodate growth and better serve its customers in the European region…
Reducing accidents depends on knowledge, skill and just as importantly, attitude, says the Indian Maritime Administration. And, human error is not always just seafarer error. As the government of India strives to raise India’s share of the global seafaring community from 7 to 15 percent by 2020…
