At the IMO Maritime Safety Committee meeting just held, it was decided to introduce mandatory regulations on the protection of seafarers against noise. One of the goals of the Danish Maritime Authority is to turn all important Danish regulations within marine engineering into international regulatio
On Monday 3rd December 2012 Regs4ships Limited is set to launch the sixteenth flag based product for their Digital Maritime Regulations service. Thousands of users worldwide currently subscribe to Digital Maritime Regulations, with numbers growing monthly. The new Denmark flag product contains flag
Scorpio Tankers Inc. announced Thursday that it has agreed to time charter-in two product tankers. The terms of the contracts are summarized as follows: A 2003 built LR1 product tanker will be time chartered-in for two years at $11,250 per day with a 50% profit sharing provision whereby the company
Immediately following announcement of the unsolicited intended offer of Royal Boskalis Westminster N.V. (“Boskalis”) for the acquisition of all outstanding shares of Dockwise Ltd. (”Dockwise”), Dockwise invited Boskalis to clarify its offer. Dockwise and Boskalis are scheduling a meeting to be held
A Cost Sharing Agreement (CSA) has been executed between Levant LNG Marketing, a subsidiary of Pangea LNG B.V., and Tamar Partners. This major milestone demonstrates the continuing progress toward the export of LNG from the Tamar and Dalit fields in the Eastern Mediterranean, 60 miles offshore from
SBM Offshore announced that the sale of GustoMSC, its non-core design and engineering subsidiary, became unconditional on 28 November 2012 and that the approximate $185 million transaction with Parcom Capital has been completed. The sale of GustoMSC is a further step in enabling SBM Offshore to purs
Mr. E.E. Mitropoulos, Secretary-General Emeritus of IMO, Secretary-General of the Organization from 2004 to 2011, has been awarded the prestigious International Maritime Prize, for his significant contribution to the work of IMO. IMO Secretary-General Mr. Koji Sekimizu presented the award, a sculptu
Greek shipowners seem to be continuing with their shopping spree of second hand bulk carriers . Two vessels, CURIA and MAHA AVANTI, became property of Greek shippers last week, Lion Shipbrokers said in their latest Weekly Report. Namely, 51,029 dwt modern supramax CURIA has been sold for USD 13.9 mi
Tanker owners continue to be deeply concerned that the current tanker market is seriously jeopardising the sustainability of the tanker industry. Speaking recently to INTERTANKO’s Council in London, the Secretary General of the International Maritime Organization (IMO), Koji Sekimizu, pointed out ju
International accountant and shipping consultant Moore Stephens has highlighted an imminent change to VAT rules by the UK government which could have significant implications for the shipping industry. With effect from 1 December 2012, the UK government will remove the VAT registration threshold for
Following a press release issued Monday morning regarding an intended offer for Dockwise Ltd. (“Dockwise”), Royal Boskalis Westminster N.V. (“Boskalis”) announces that it currently holds a 33.0% stake in Dockwise. As a result, Boskalis is now the largest shareholder in Dockwise. These shares acquire
Wilhelmsen Ships Service (WSS) AMB took home the Seatrade Middle East & Indian Subcontinent Award for Ships Agency services for the third year in a row at an awards ceremony on Monday evening (26 November) in Dubai. Nikolai Norman, Sales Director AMB, who received the award on behalf of WSS, said: “
Canadian and Chilean rescuers have been presented with the International Maritime Organization (IMO) Award for Exceptional Bravery at Sea 2012, during a special ceremony held on 26 November 2012 at IMO Headquarters in London. Sergeant Janick Gilbert (posthumously), Master Corporal Max Lahaye-Lemay a
SeaBird Exploration Plc announced that contract for M/V Hawk Explorer has been extended by Spectrum ASA for an estimated 45 days and will work under the new Framework Agreement. SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to
