International accountant and shipping adviser Moore Stephens said that changes recently approved by the Greek parliament to the country’s tax laws will impact companies engaged in the shipping industry. There is a new requirement for Greek shipowners to pay tonnage tax on ships operating under flags
As international controversy continues about the “wheres,” “whys” and “how much” of maritime piracy in key international shipping areas, an important debate now focuses on the use of “floating armories” in efforts to restore security on the high seas. In particular, private security companies relyin
Global marine terminal operator DP World announced today that its flagship Jebel Ali Port has become the first port in the Middle East Region to achieve the United Nations Department of Safety and Security (UNDSS) Certificate, a benchmark for security management systems. The certificate was awarded
RasGas Company Limited’s (RasGas) second dedicated liquefied natural gas (LNG) carrier, ‘Milaha Ras Laffan,’ set sail last Monday from Qatar to Yung An, Taiwan on its 100th delivery voyage. Upon its arrival at Yung An on 8th June 2013, ‘Milaha Ras Laffan’ will have shipped almost 13,613,720 million
Dubai welcomed Mariner of the Seas, a member of Royal Caribbean International’s cruise line fleet, as it made its maiden call to the Emirate on 21st of May. The maiden call, which is another demonstration of Dubai’s increasing prominence on the cruise tourism map, was greeted with a traditionally wa
Genscape, the company that pioneered the placement of thousands of patented, in-the-field energy monitors to measure market fundamentals in real-time, today announced the acquisition of Vesseltracker.com GmbH. This acquisition significantly expands Genscape’s network of proprietary real-time energy
Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues including Hold Washing Water (HWW) from cargoes deemed “Harmful to the Marine Environment” (HME), have been substantially answered after an important decision at the IMO Marine
Under the auspice of HE Said Hamdoon, Undersecretary Ministry of Transport and Communication, Oman International Container Terminal ground breaking ceremony took place on May 16th to mark the start of the expansion of their container terminal capacity in Sohar. The construction will pave the way to
The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab Region by Forbes Middle East. Engr. Saleh Al-Jasser, Bahri CEO received the award during an event organized under the patronage of His Excellency Sheikh Nahayan Mabarak Al Nahayan, Minister for C
A new interactive display on Particularly Sensitive Sea Areas (PSSA) has been launched at IMO Headquarters. A PSSA is an area that needs special protection through action by IMO because of its significance for recognized ecological or socio-economic or scientific reasons and which may be vulnerable
The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organiz
Citadel Capital, the leading investment company in Africa and the Middle East, announced that core platform company Mashreq Petroleum has signed a 25-year concession agreement with the East Port Said Port Authority. The agreement is extendable by up to five years based on a 90% achievement rate of o
84% of port owners, operators and contractors said they would expect “increased safety” to be the primary benefit in specifying an automated system to monitor factors such as mooring line tension, approach speed and environmental conditions, according to a new independent market report by the marine
The National Shipping Company of Saudi Arabia (Bahri) was presented with “Seatrade 2013 Global Perform Award” during the prestigious 25th Seatrade Awards Ceremony Dinner held on 10th May 2013 at London’s historic Guildhall. The award was received by Engr. Saleh Al-Jasser, Bahri CEO in the presence o
