Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."
The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships
The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai
The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917
Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter
Leading shipping accountant and business consultant Moore Stephens say draft EU Guidelines on state aid to maritime industries are creating uncertainty and problems for the UK Tonnage Tax scheme. The new guidelines, which must be accepted by member states by June 30, 2004, and enter into force one year later, will oblige owners with fleets in the UK Tonnage Tax regime to increase the proportion of their vessels under an EU flag.
As the leading French port for container traffic, has undergone recent and considerable expansion to increase its cargo handling capacity, with some 60% of all containers in the country being managed from its port terminals. This expansion will see a rise in maritime transport, which will further impact on inland navigation. With expectations of significantly increased brown water transport in the near future, has established an inland navigation program to enlarge the entire canal link
On 26 September, the maritime community celebrates the World Maritime Day established at the initiative of the International Maritime Organization (IMO). In his annual address on this occasion, Koiji Sekimizu, Secretary General to the International Maritime Organization emphasized that in order stable development of the maritime transport system could be achieved the efforts should be concentrated on safety
The shipping industry has welcomed a decision by the European Commission to keep in place unchanged guidelines relating to state aid to maritime transport, which include tonnage tax regimes, but seafarers' union Nautilus sees it differently, according to the UK maritime industry's latest 'Maritime London Newsletter'. Commission vice-president Joaquín Almunia, responsible for competition policy, recently decided to continue the 2004 Guidelines on State Aid to Maritime Transport without
The Annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Tokyo, October 17-18, 2013. The meeting unanimously welcomed the IMO theme for 2013 of 'a sustainable maritime transport system' and its recognition of the three pillars of sustainability;
The International Chamber of Shipping (ICS) has written to the French Government to raise concerns about a new requirement for foreign shipowners to provide information to their French customers about CO2 emissions. The new rules apply a detailed methodology that has not been discussed
In conjunction with the first meeting of the newly established European Sustainable Shipping Forum (ESSF), which is scheduled to take place today, the shipping industry in a joint statement urges the European Commission to provide support in meeting the IMO requirement for 0
The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2014-2015 biennium: Category (a) 10 States with the largest interest in providing international shipping services: China, Greece, Italy, Japan, Norway, Panama
The European Commission (EC) has set up the European Sustainable Shipping Forum (ESSF) to assess the developments towards compliance with the IMO 0.1% sulphur content in marine fuel, which are due to enter into force as from 1st January 2015 in the SECAs (Sulphur Emission Control Areas).
An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (September 26, 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system. The symposium reflected the world Maritime Day theme:
Gibraltar has used the provisions of the Maritime Labour Convention 2006 (MLC) – which lays down minimum standards for seafarers – to pay for the repatriation of crews left stranded after shipping contracts were cancelled. The 40 crew members on the Maersk Valletta
With the proposed introduction of the EU’s monitoring, reporting and verification of carbon dioxide emissions from maritime transport (MRV), the maritime industry is investigating the various allowable options to record and verify its CO2 footprint.
International accountant and shipping adviser Moore Stephens has welcomed a decision by the European Commission to keep in place in their current form the guidelines relating to state aid to maritime transport, which include EU tonnage tax regimes
CMA CGM, a container shipping company present in 150 countries with 650 agencies and 18,000 professionals worldwide, is investing in a new Information System that they say will enable the group to develop the first system totally dedicated to container shipping.
Two weeks before the doors open at Europort, Rotterdam, organizer Ahoy is finalizing arrangements for the event that promises to provide a benchmark for the “state of the global maritime and offshore industry” in late 2013. Alongside attendees at its Advanced Technology Conferences
Astrium Services, the global innovative provider of satellite enabled telecom solutions, is expanding its VSAT coverage with 100MHz of Ku-band capacity on the Intelsat 907 satellite, to serve customers on the North Sea and across European waterways.
'Adapting To Change: UK policy towards the Arctic' introduced by Mark Simmonds Minister for the Polar Regions Foreign and Commonwealth Office has been released. The document acknowledges that the scale of the challenges facing the Arctic is immense and compounded by the speed of the changes
GLOVIS, a Korean company and a newcomer as a shipping line, was at first expert in global automotive logistics. As a result of a tonnage agreement with Hoegh Autoliners, the latter market this shipping service on the Middle East trade with one vessel per month and GLOVIS manages the operations
The International Chamber of Shipping (ICS), the global trade association for shipowners, has written to the French Government to raise concerns about a new requirement for foreign shipowners to provide information to their French customers about CO2 emissions