Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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
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
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
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.
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
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities. ESPO explains that the verification of a containers’ weight can indeed play an important role in enhancing safety in maritime transport and the whole transport chain
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
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.
Maritime New Zealand (MNZ) says it invites submissions on its draft updated New Zealand Marine Oil Spill Response Strategy 2014 (the draft Strategy). The draft Strategy, (available at http://bit.ly/1pe6p46) is based on the current version but substantially updated to include lessons learned
The International Chamber of Shipping (ICS) has submitted comments on behalf of the global shipping industry to a comprehensive competition policy review being conducted by the Australian Government. The ICS comments support the maintenance of important antitrust exemptions that currently apply to
The European Commission informs that a new global era for maritime transport will dawn in June 2015 when it will unveil harmonised e-reporting for all vessels entering in or departing from EU ports. Vessels will provide required information electronically via one single entry point – the
Freeman Freeman & Smiley say that its lead trial attorney Robert S. Crowder (assisted by attorneys Russell R. Fisk and John D. Van Ackeren) have celebrated a win with their client, Tesoro Refining & Marketing Company LLC in a lawsuit filed by Plaintiffs North of England Protecting
Kongsberg Norcontrol IT (KNC) will provide the core maritime surveillance, voice communications, port management and port community technologies for the new Algerian national Vessel Traffic Management and Information System (VTMIS). KNC is part of a consortium with Ericsson
The website www.lngbunkering.org is launched that features Liquefied Natural Gas (LNG) as a shipping fuel. The website is an initiative of the World Ports Climate Initiative (WPCI) LNG Fuelled Vessels Working Group under the auspices of the independent
Batumi State Maritime Academy (BSMA) and Transas Marine Black Sea today signed a contract for supply and installation of the Transas Full Mission Offshore simulator. The simulator complex will be one of the most advanced in the Black Sea region.
The Council of the International Maritime Organization (IMO) informs it decided at its recent meeting to award the International Maritime Prize for 2013 to Dr. José Eusebio Salgado y Salgado, Mexican academic and author of the Manual de Derecho Internacional Marítimo (Manual of
Russian Maritime Register of Shipping (RS) and the Estonian Maritime Administration signed an agreement on the delegation of authority to carry out statutory surveys on board ships flying the flag of Estonia. The agreement extends the scope of services provided by RS to Estonian vessels
The master of the 177m Singapore-flagged cargo vessel Lake Triview has been fined $2000 (plus $130 court costs) after pleading guilty to a charge of failing to notify Maritime New Zealand (MNZ) that the vessel had grounded off New Plymouth after dragging its anchor on Saturday, 24 May, 2014.
The International Chamber of Shipping (ICS) has published its latest Annual Review of maritime policy and regulatory developments in advance of its Annual General Meeting. The 2014 Annual Review covers the wide-ranging scope of ICS’s activities as the world’s principal
Joint 14,000 teu boxship LNG as fuel project will be ‘cornerstone’ of a broad sustainability strategy supported by LR Capital Ship Management Corporation is prioritizing a business strategy inspired by, and applying, the key principles and goals of the International Maritime
Inlecom Systems Ltd (Inlecom), is presenting, for the first time, its Maritime Single Windows solution to an exclusive group of shipping experts at the Yachting Club of Greece, in Athens, Greece on May 27th 2014. At the event, Inlecom will describe the methodology that it has developed
A new RS Branch Office has opened in Shanghai (People's Republic of China). In accordance with the requirements of PRC legislation the Branch Office was registered in December 2013, and in May it started to work with shipowners and manufacturers of materials and equipment.
Russian Maritime Register of Shipping (RS) said it is actively strengthening partnership in key areas of enhancing maritime transport safety. In 2014, meetings of four sections of the RS Scientific and Technical Council (STC) were held. Scientific and educational centers