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Maritime World News

Simpson Spence Young grows suezmax team Simpson Spence Young grows suezmax team Simpson Spence Young (SSY), the world's largest independent shipbroker, has strengthened its tanker desk by hiring two experienced brokers to bolster its London suezmax team. The addition of Oliver Rae and Dean Abrahams brings the size of SSY's global team dedicated to the suezmax market to 17. Oliver Rae has 10 year's broking experience, with much of that.. 더보기
OCIMF issues update of key assessment guide for floating oil facilities OCIMF issues update of key assessment guide for floating oil facilities OCIMF today publishes the second edition of its Guidelines on the Marine Assessment of F(P)SOs. The publication is a complete framework for assessing the marine sections of Floating (Production) Storage and Offloading (F(P)SO) facilities against international legislation and industry best practice. It can also supplement any.. 더보기
Chris-Marine Launches Advanced Camera for Cylinder Liner Condition Monitoring Chris-Marine Launches Advanced Camera for Cylinder Liner Condition Monitoring “The launch of our Cylinder Liner Condition Camera LCC is an important step for us and for our customers,” says Alexander Malt, Global Sales & Marketing Director at Chris-Marine. “We know that at least 10% of newbuildings need to have their cylinder liners replaced already before the first dry-docking, a costly consequ.. 더보기
SFL - Delivery of VLCC with 5-year charter and DNB Markets interview SFL - Delivery of VLCC with 5-year charter and DNB Markets interview SFL Corporation Ltd., (NYSE: SFL) (“SFL” or the “Company”) announces that it has taken delivery of the VLCC “Hunter Atla” today. The vessel is the first of three vessels in a transaction announced in September which added more than $100 million to SFL’s fixed-rate charter backlog. Upon delivery, the vessel commenced a 5-year ba.. 더보기
NaviGate to the next generation of Nordic Maritime NaviGate to the next generation of Nordic Maritime The Nordic Maritime Expo 2020, Turku, set to host the latest digital and cleantech ideas from the world’s leading digital country and the final search for the next generation experts set to enter our changing industry. Finland, the heart of global digitalization and green technical developments is preparing for one of the maritime sectors most f.. 더보기
North American acceptance of LNG marine fuel emphasised with latest Wärtsilä LNG Cargo System order North American acceptance of LNG marine fuel emphasised with latest Wärtsilä LNG Cargo System order The technology group Wärtsilä will supply its LNG Cargo Handling System for a new 5400 m3 LNG bunker barge being built in the USA. This latest order further endorses Wärtsilä’s leading position in LNG systems for the marine sector, and its key role in supporting the growing acceptance of LNG fuel .. 더보기
Despite some positive indicators, concerns remain for offshore energy underwriters, reports IUMI. Despite some positive indicators, concerns remain for offshore energy underwriters, reports IUMI. At today's IUMI (International Union of Marine Insurance) conference in Toronto, Canada, James McDonald, Chair of the IUMI Offshore Energy Committee reported a further reduction in global offshore energy premiums. Global premiums in this sector were reported to be USD 3.4 billion which represented a.. 더보기
No growth for Ocean Hull insurance premiums in 2018 but indications might suggest a modest recovery. No growth for Ocean Hull insurance premiums in 2018 but indications might suggest a modest recovery. IUMI (International Union of Marine Insurance) conference in Toronto, Canada heard from Rama Chandran, chair of IUMI's Ocean Hull Committee who reported zero change in the sector's global premium base in 2018. Global hull premiums were recorded at USD 7 billion which represented 24.4% of the tota.. 더보기
IUMI calls for more action to improve cargo theft prevention measures IUMI calls for more action to improve cargo theft prevention measures IUMI (the International Union of Marine Insurance) has published a revision of its position paper containing recommendations aimed at improving the prevention of cargo theft and countering this growing issue. Cargo crime has reached alarming proportions, and IUMI urges further steps to better facilitate the safe and secure flo.. 더보기
Marine cargo market characterised by "accelerating change" as underwriters take action to address continuing unprofitability, says IUMI Marine cargo market characterised by "accelerating change" as underwriters take action to address continuing unprofitability, says IUMI Speaking at today's IUMI (International Union of Marine Insurance) annual conference in Toronto, Canada, Sean Dalton, Chair of IUMI's Cargo Committee reported a 2.5% increase in 2018 global premiums to USD 16.6 billion. However, the increase was largely attribut.. 더보기