Denmark has compensated nine Somalis suspected of trying to hijack a Danish ship in 2013 because they were detained too long before being brought before a judge, the public prosecutor's office said on Monday.Each defendant received $3,247 for the 13 days they were detained…
Careless errors by ship agents are resulting in costly claims, according to ITIC.In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt…
ARENA today congratulated researchers at the University of New South Wales (UNSW) for being the first in the world to convert more than 40% of the sunlight hitting a solar system into electricity.The record efficiency was first achieved in outdoor tests in Sydney…
The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels.One of the vessels will…
Germany's new, lower targets for CO2 emissions will further curb demand for carbon permits and undermine Europe's already dysfunctional emission trading system, the EU's new energy commissioner told a German newspaper.'The agreed additional…
Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on.The fuel price reduction comes…
On 4 and 5 December, EUCAP Nestor Head of Mission, Etienne de Poncins, visited EUCAP Nestor’s Country Office in the Seychelles. During his visit, he met several high officials to discuss the way ahead for the exemplary and successful cooperation between the Seychelles and the Mission…
Specialist marine insurance intermediary Seacurus says that overall confidence in the successful implementation of the Maritime Labour Convention 2006 (MLC) should not conceal the fact that there is continuing concern over the risk of abandonment and the timely payment of crew wages…
Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October.Greek…
Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction.Oil refiners…
U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood.Both contracts…
ClassNK and leading global maritime software company NAPA have announced a new joint project to reduce the time and cost of designing vessels in accordance with the new IACS harmonised Common Structural Rules. The new project will enhance the…
The completion of the two new vessels, M/V Berlin and M/V Copenhagen, at the Danish shipyard FAYARD is progressing according to plan. It is expected that the two new passenger ferries can be put into operation on the Rostock-Gedser route in the second half of 2015…
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months…
Accessing the latest research findings or information on new technologies and incoming regulations as they emerge can prove challenging. To help make access easier, leading classification society ClassNK (Chairman and President: Noboru Ueda)…
