International Transport Intermediaries Club (ITIC) has emphasised how avoidable errors can prove expensive for ship agents. In the latest issue of its Claims Review, ITIC recounts how a ship agent at a tidal port in Japan was asked to provide a tide table to enable the owner of a ship to calculate t
Norwegian training specialist Seagull AS has signed a licensing agreement with the International Shipping Federation (ISF), the global employers’ association for shipowners, which will allow Seagull to utilise electronic versions of the widely-used ISF Onboard Training Record Books in conjunction wi
SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximat
In view of the amendments to the Merchant Shipping Code of the Russian Federation introduced by the Federal Law No. 36-FZ of April 23, 2012 classification and survey of small craft used for commercial purposes is performed by Russian Maritime Register of Shipping or Russian River Register, depending
OAO NOVATEK announced yesterday that the Chairman of NOVATEK’s Management Board, Leonid Mikhelson, and the General Director of the State Atomic Energy Corporation ROSATOM, Sergey Kirienko, have signed a General Cooperation Agreement in Moscow. The Agreement formalizes the Parties intent to develop a
After nearly three years of development work, BIMCO has released the industry’s first standard pooling agreement for use by tramp pools operating in dry and liquid bulk trades primarily on a COA or spot basis. The POOLCON agreement is designed to provide users with a comprehensive and clearly worded
The leading provider of multipurpose and heavy lift shipping services, German based BBC Chartering, allocates more shipping capacity to its ‘Andino Express Line’, a liner service that was launched in 2005 connecting Houston with the West Coast of South America. This connection ever since plays a maj
Norwegian Car Carriers ASA has extended the current time charter contract for the 100% owned car carrier “NOCC Puebla” for a duration of about 6 months with commencement in mid December 2012. The concluded time charter rate is in line with the rate on the current charter and will generate an EBITDA
The trim optimisation software tool ECO-Assistant, has won the Environment Award at the Lloyd’s List Asia Awards 2012. Developed by FutureShip, the maritime consulting arm of classification society Germanischer Lloyd (GL), the award celebrated ECO-Assistant’s instant effect in reducing the fuel cons
BMT Nigel Gee, a subsidiary of BMT Group, is set to launch its latest technical paper in collaboration with the Cayman Island Shipping Registry (CISR). Developed to provide insight for a wide range of industry stakeholders, the paper examines aspects of the 2010 Passenger Yacht Code (PYC) which aims
Last weekend, the Port of Rotterdam Authority concluded the fourteen-day Port Management Programme which it organised for the third time. Twenty-two professionals from international partners from countries including China, Qatar, Brazil and Oman gained insight into all aspects of the Rotterdam port
Imtech Marine, global full-service provider of tailor-made, innovative marine technology solutions, opened a new office in Barcelona on November 1, just weeks after adding Valencia to its extensive global network. In October 2011, Imtech Marine opened its first Spanish office in Algeciras. With the
Tighter regulations for the prevention of pollution by garbage from ships are due to come into force on January 1, 2013. Almost all discharges of dry waste into the sea will be prohibited and the rules relating to discharge of food and galley waste will be more stringent. However, help is at hand! U
Höegh LNG has entered into an agreement to sell its wholly owned subsidiary Port Meridian Energy Limited for a consideration of USD 20 million to Meridian Holdings Co., an entity advised by West Face Capital Inc. and owned by a fund managed by West Face. Port Meridian Energy Limited has developed pl
