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IMO Considers Armed Security In Piracy Hot Spots 5/25/2012 The International Maritime Organization's Maritime Safety Committee has commissioned a working group to produce interim guidance on the use of private maritime security companies to protect ships in areas prone to piracy.
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SES Welcomes Role In World-First Hybrid Ferry 5/24/2012 Leading UK-based supplier of marine electronics equipment Ships Electronic Services has been awarded a significant contract to supply all the navigation and communications equipment for the world's first hybrid diesel-electric passenger- and vehicle-accommodating ferries.
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IoM Hosts Red Ensign Conference 5/23/2012 The Isle of Man played host recently to delegates from the United Kingdom and the other Crown Dependencies and UK Offshore Territories which operate British Ship Registers.
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General Maritime Emerges From Bankruptcy Protection 5/22/2012 The second largest operator of oil tankers in the United States, General Maritime Corporation, has announced that it has successfully negotiated the terms of a financial restructuring package for the company to emerge from Chapter 11 bankruptcy protection.
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Cruise Line Returns To Gibraltar 5/4/2012 The Gibraltar government has welcomed the announcement that a Spanish cruise line
operator will return to operating in and from the Port of Gibraltar after a
three-year absence.
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Tax Guidance Issued For Foreign Ships Visiting Australia 5/4/2012 The Australian Taxation Office has recently issued guidance on the tax requirements
that must be met by foreign-based ship owners and charterers carrying passengers,
livestock, mail or goods shipped in Australia.
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Australian Billionaire Commissions 'Titanic II' 5/2/2012 Australian billionaire Clive Palmer has commissioned a Chinese government-owned
shipyard to construct a replica of the ill-fated RMS Titanic, 100 years after the ship
sank around 375 miles south of Newfoundland, Canada.
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Bahamas, US Discuss Maritime Boundaries 5/1/2012 The Bahamas government has commenced negotiations with the United States as part
of a larger program to reach a legally-binding, international understanding on what constitutes the maritime territory of the Bahamas.
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IoM Discusses Clean Tech Prospects 4/30/2012 As part of its efforts to develop the Isle of Man into a hub for clean technology
innovation, the Isle of Man government recently hosted round table discussions
to consider the significant opportunities for offshore renewable energy and associated
projects within the island's 4,000 sq km territorial waters in the Irish Sea.
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Chinese Authorities Spar Over South China Sea 4/26/2012 A new report from the International Crisis Group, 'Stirring up the South China
Sea', has analysed the reasoning behind continued international tensions on territorial
disputes in the South China Sea, despite China's earlier commitment to rebuild
friendly international relations.
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Sunreef Debuts Charter Offering At Croatia Boat Show 4/23/2012 Sunreef Yachts, the world leader in the production of bespoke luxury catamarans,
has for the first time attended the Croatia Boat Show, held in Split, Croatia,
on April 17-22, 2012, premiering its Sunreef 58 FREESTYLE catamaran.
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IMO Increases Liability Limits For Shipowners 4/20/2012 The International Maritime Organization has adopted a proposal to increase
the limits of liability for maritime incidents, laid out in the 1996 Protocol
to the Convention on Limitation of Liability for Maritime Claims. The new limits
are expected to enter into force on April 19, 2015.
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UK Showcases Marine Industry 4/19/2012 The UK Department for Business, Innovation and Skills has recently held an event
to showcase, and celebrate, the marine industry's multi-billion pound contribution
to the UK economy, as part of a series of events planned by the government to
promote the sector's development.
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India Must Make Maritime Investment 'More Appealing' 4/18/2012 Increased government support is critical to attracting the private sector investment needed to propel the development of India's emerging shipbuilding and ship repair industry, a new report from an Indian industry association urges.
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EU Seeks New Powers For Maritime Agency 4/16/2012 The European Agency for Maritime Safety is to be given greater authority under new powers being proposed to support its efforts to tackle piracy, mitigate maritime pollution, improve the training of seafarers, and help establish an EU maritime space without barriers.
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Climate Change Committee Pressures UK On Carbon Change Commitments 4/11/2012 A new report from the Committee on Climate Change urges the United Kingdom government to include the aviation and maritime sectors within ambitious emissions targets agreed for 2050.
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EFTA States Adopt EU Transport Regulations 4/10/2012 The European Free Trade Association has promulgated European legislation which deals with maritime security and airport charges, introducing numerous changes among
the four-nation bloc.
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Jersey Confirms Boat Show Schedule 3/30/2012 The upcoming Barclays Jersey Boat Show, now in its fifth year, is to play host
to the largest number of visitors and exhibitors to date.
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DIMDEX Maritime Defence Conference Proves Popular 3/30/2012 The third Doha International Maritime Defence Exhibition and Conference has been hailed a great success by its organisers, prompting the confirmation
of the next event, to be held from March 25-27, 2014.
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Norway Shares Maritime Expertise With African Nations 3/30/2012 Norway has confirmed that it is assisting two West African countries, Sierra Leone
and Guinea, in negotiations towards delimiting the maritime boundary between them to resolve
outstanding border issues. Both nations have signed an agreement committing to the
work program.
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Panama Canal Awarded For Ethical Operations 3/29/2012 For the second consecutive year, the Panama Canal Authority has been recognized
by the Ethisphere Institute as one of the World's Most Ethical Companies, the company securing a spot for 'demonstrating
leadership in ethical business practices'.
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DP World To Repay Debt Early 3/28/2012 The Dubai government-owned port operator DP World, has announced that it will repay USD3bn in outstanding debt six months earlier than anticipated.
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EU To Enforce Stricter Shipbreaking Rules 3/27/2012 The European Commission has proposed new rules to ensure that European ships are
only recycled in facilities that are safe for workers and environmentally sound.
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Tensions Rise In South China Sea 3/23/2012 As tensions with Japan build over the disputed ownership of the Spratly islands located in the South China Sea, the Chinese government has confirmed that it has increased patrols in the area.
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Maritime Inefficiency Holding Back Caribbean, Report Says 3/22/2012 The Caribbean's fragmented approach to the development and regulation of the maritime industry has meant the region has failed to keep pace with the evolution of the global shipping industry, a new report says.
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UK Signs Up To Asian Anti-Piracy Initiative 3/20/2012 The United Kingdom government has announced that, as part of efforts to protect the shipping industry,
it has applied to join a regional anti-piracy initiative in
South East Asia.
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Progress Made Towards Regulating Shipping Emissions 3/14/2012 The International Maritime Organization (IMO) has welcomed the adoption of a series of guidelines to support the uniform implementation of mandatory measures to increase energy-efficiency and reduce emissions of greenhouse gases from international shipping, and noted progress towards the introduction of market-based measures to support this goal.
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China Adds Tax Incentives For 'Green' Vehicles, Ships 3/9/2012 China’s State Administration of Taxation and the Ministry of Finance
have jointly disclosed that tax rates will be cut to encourage further energy
conservation and environmental protection through the increased use of vehicles
and ships with low emissions or those utilizing green energy resources.
|
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OECD Urges Massive Investment In Infrastructure 3/9/2012 A new report from the Organisation for Economic Cooperation and Development has
urged forward thinking from governments to ensure that improvements in aviation and maritime infrastructure
keeps pace with economic globalisation.
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Blohm and Voss Eyes IPO In 5 Years 3/5/2012 The incoming Managing Director of the newly-acquired Blohm and Voss shipyard,
Herbert Aly, has said that the company will target a possible Initial Public
Offering within the next five years as part of Star Capital Partners's investment
plan.
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IoM Seeks To Tap Maritime Opportunities In Singapore 3/5/2012 The Isle of Man's Department of Economic Development has announced
that it will launch a new representative office in Singapore to promote stronger
commercial relations with the nation and the region, especially in the area of shipping.
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St Kitts And Nevis Ratifies Maritime Labour Convention 3/2/2012 On February 21, 2012, the government of the Caribbean territory Saint Kitts
and Nevis notified the International Labour Office that it had ratified the
Maritime Labour Convention, 2006, making it the 23rd member state to ratify
the landmark seafarers' rights convention.
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Somalian Piracy Discussed At Key London Conference 3/1/2012 The International Maritime Organization has welcomed a recent conference hosted by the United Kingdom government on Somalia, which looked to identify solutions to the socioeconomic challenges the nation faces with a view to combating the threat of piracy.
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Fairline Prepares Launch Of Targa 45 OPEN 2/29/2012 British luxury motor yacht manufacturer Fairline has announced a new addition
to its Targa range with the Targa 45 OPEN, scheduled to launch during spring 2013.
|
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Maersk Confirms Container-Sector Losses 2/27/2012 Container shipping industry leader AP Moller-Maersk has blamed industry overcapacity for losses made by its container shipping division during 2011.
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Shipping Tycoon Plans Vessel Spending Spree 2/24/2012 Shipping tycoon John Fredriksen has announced plans to invest millions in ten
new energy-efficient medium-range oil tankers, mainly from South Korean manufacturers,
and will consider further purchases of larger vessels to capitalize on depressed market prices on overcapacity.
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African Nations Delimit Maritime Boundaries 2/23/2012 The African nations of the Seychelles, Comoros and Tanzania signed agreements
on February 17, 2012, to ease maritime border restrictions as a part of a
larger program to promote peaceful cooperation and prosperity between nations.
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Australia Consults On Maritime Tax Overhaul 2/22/2012 The Australian government has released for consultation an exposure draft on
proposed legislation that would revamp the nation's maritime tax policy to strengthen
the industry's international competitiveness.
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Argentina To Delay British Ships Over Falklands Dispute 2/20/2012 Argentina's Transport Workers' Union has announced its decision to impose up to
half-day delays on vessels that carry the British ensign in support of Argentinian
government calls for talks to begin with the United Kingdom on the sovereign status
of the Falkland Islands.
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China Bans Very Large Oil, Dry Bulk Vessels 2/16/2012 International iron ore extraction giant Vale SA has been dealt a significant blow following
China's decision to restrict the passage of very large oil tankers
and raw material transport vessels.
|
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Western Canada's Shipbuilding Action Plan Launched 2/15/2012 The Canadian government has presented the Western Canada's Shipbuilding Action
Plan aimed at promoting the growth and expansion of the region's maritime capabilities, including through the creation of a new training and research centre.
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Putin Eyes New Wealth Taxes 2/10/2012 Russian presidential candidate and current Prime Minister Vladimir Putin has announced
that, if elected, his government would increase taxes on luxury items as part
of a larger reform of the tax system to reduce the country's over-dependence on
oil revenues and fund ballooning government expenditure.
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US Congress Looks At Maritime Tax Issues 2/6/2012 The United States House of Representatives Ways and Means Subcommittee on Oversight
has held a hearing on harbour maintenance funding and maritime tax issues, with
a focus on the Harbour Maintenance Trust Fund and Harbour Maintenance Tax, and the tax treatment of foreign shipping operations.
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Hanjin Loss Demonstrates Tricky Shipping Market 2/3/2012 South Korea's largest shipping group, Hanjin Shipping, is the first major operator
to publish financial reports for last year. Its announcement of major losses,
in contrast to last year's record profits among many of its operations, demonstrates
the extreme pressure operators have faced as a result of ship overcapacity.
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Groundbreaking Maritime Internet Solution Launched 2/1/2012 Maritime Very-Small-Aperture Terminal market leader KVH Industries has announced
a major upgrade to its mini-VSAT Broadband network, which will provide Internet availability for 95% of the Earth's surface, including
all of the world's major shipping routes, offshore oil fields and commercial fishing
grounds.
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Oyster 625 Takes European Cruiser Of The Year 1/31/2012 The new Oyster 625 has been honoured with the prestigious title of 'Best Luxury
Cruiser' at the 2012 European Yacht of the Year awards.
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Maritime Piracy Fight-Back Yields Results 1/30/2012 Despite an increase in pirate attacks against vessels off East and West Africa, successful attacks fell in 2011 due to global prevention efforts, statistics published in a new report from the International Chamber of Commerce's International Maritime Bureau show.
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Australia Urged To Scrap 'Wasteful' Oil Tax Breaks 1/30/2012 The Australian Conservation Foundation has argued that the Federal Government could save up AUD2.3bn (USD2.4bn) in the 2012-13 Budget by scrapping wasteful and inefficient tax breaks to the oil and gas sector as well as other subsidies that promote the use of fossil fuels.
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Foundation Appointed To Recover HMS Victory 1/26/2012 The wreck of the historically-important HMS Victory from 1744, which was discovered on February 2, 2009, has been gifted
to the Maritime Heritage Foundation, which will undertake its protection and recovery.
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Cruise Industry Braced For Concordia Backlash 1/24/2012 Demand for cruises is expected to be dented during the prime marketing period
for cruise liners as operators suffer fallout from the January 13 capsizing
of the Costa Concordia.
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EU To Review Passenger Ship Safety Legislation 1/23/2012 Siim Kallas, the European Commissioner for Transport, has asked that the currently
on-going review of European Union passenger ship safety legislation take
fully into account any lessons to be learnt from the Costa Concordia incident.
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Canada To Invest In Saguenay Port 1/19/2012 Canadian Prime Minister Stephen Harper has announced support for the modernization
of the Port of Saguenay, to boost the port's role in international trade and
new business development.
|
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India Readies Investment For Major Port Projects 1/18/2012 The Indian government has begun implementing its maritime investment strategy,
presented in 2010, to undertake major port infrastructure improvements on the
nation's west and east coasts.
|
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SeaFrance Placed Into Liquidation 1/12/2012 English Channel-crossings ferry operator SeaFrance has been placed into official liquidation following
a ruling from the European Commission that the French government cannot contribute towards a financial bailout.
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Double-Digit Growth For Manx Shipping Registry 1/12/2012 The Isle of Man Ship Registry has reported that Gross Registered Tonnage increased
by 12% over 2011, evidence that
vessel registration in the Isle of Man continues to be in high demand.
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India's Busiest Port Praised For Safety Standards 1/3/2012 India's Jawaharlal Nehru Port has been awarded ISO 14001 and OHSAS 18001 certification,
making the port the first in India to achieve adherence with the three major safety and environmental awareness accreditations
from the International Organisation for Standardisation, confirming its
standing as a world-class port, India's Minister for Shipping, Shri Vasan has
said.
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India, Japan Agree To Boost Maritime Ties 1/2/2012 The Prime Ministers of Japan and India, Yoshihiko Noda and Manmohan Singh have
agreed to enhance maritime cooperation, to protect the ocean lanes the two nations utilise to undertake trade from the growing threat of piracy.
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Key STCW Amendments Enter Into Force 12/30/2011 Major revisions to the International Convention on Standards of Training, Certification
and Watchkeeping for Seafarers (the STCW Convention), and its associated Code
entered into force on January 1, 2012, with a five-year transitional period
until January 1, 2017.
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Somali Pirates Receive Robust US Sentencing 12/29/2011 Two more men have been sentenced to life for their part in the failed hijacking
of the 58-foot yacht, S/V Quest, which went awry in waters off the coast of Oman in February 2011, leaving 4 US citizens dead. The first life sentences handed down for piracy, in the same case, were given during sentencing in August.
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A Positive Year For Shipping Sustainability 12/29/2011 Carbon Positive, a leading carbon management consultancy practice, has summarised the
significant progress the maritime industry has made towards reducing its future carbon footprint during 2011.
|
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China Engages ASEAN Nations On Maritime Cooperation 12/23/2011 Transport ministers from the Association of Southeast Asian Nations and China have
agreed to a work programme to rebuild maritime ties, after several territorial
spats over the South China Sea, which have placed a strain on relations.
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Bahamas Gains Place On New IMO Council 12/20/2011 The Bahamas has welcomed the decision of the International Maritime Organisation Assembly to elect the nation to join the IMO Council.
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Jersey Updates Mooring Facilities 12/16/2011 Major refurbishments are under way at St Collette Marina, in St Helier, Jersey's capital, to replace the old marina pontoon system by early April 2012.
|
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Maritime Levy To Help Fight Climate Change 12/7/2011 The shipping industry would be a major contributor to a landmark climate change fund
being negotiated by the world's governments, to fund developing nations' efforts
to reduce their carbon footprints and overcome the challenges of climate change, it has emerged.
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IMO Adopts Anti-Piracy Resolution 12/5/2011 A resolution urging governments to continue their efforts to combat piracy and armed robbery against ships off the coast of Somalia was adopted at the 27th Assembly of the International Maritime Organization, attended by 1,200 delegates from IMO member states, which ran from November 21-30, 2011.
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UK To Permit Armed Security On Cargo Vessels 11/30/2011 Isle of Man-registered ships will be permitted to hire private sector security
personnel to protect ships against the threat of piracy following an announcement
from the UK government.
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MISC Berhad Plans Container Market Exit 11/29/2011 Asia's largest shipping company by market value, the Malaysia International Shipping
Corporation has announced that it is abandoning its container shipping operations
having made three years of successive sector-related losses, totalling USD789m.
|
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Antigua And Barbuda Targets Mega Yachts With New Registry 11/28/2011 The Caribbean territory of Antigua and Barbuda officially launched the Antigua and Barbuda
Yacht Registry at a ceremony held in November.
|
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Italy Taken To EU Court Over Ship VAT Exemptions 11/25/2011 The European Commission has decided to refer Italy to the Court of Justice
over the terms of the value-added tax exemption it grants to ships.
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UK To Revamp HM Coastguard Service 11/24/2011 The UK's Minister for Shipping, Mike Penning has announced that following a consultation in July, Her Majesty's Coastguard is to be overhauled in an attempt to improve coordination and boost the number of regular coastguard officers providing support to volunteers in coastal communities.
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New Rules Will Cut Shipping GHG Emissions 11/21/2011 A study commissioned by the International Maritime Organisation shows that recently-adopted mandatory energy efficiency measures for international shipping will allow
the industry to meet its targets in terms of significantly reducing the amount
of greenhouse gases from shipping.
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UK Consults On Maritime Red Tape Reduction 11/14/2011 The UK's Minister for Shipping, Mike Penning on November 10 launched a four-week
consultation to receive industry and public input on how the burden of shipping, maritime and port regulation can be mitigated.
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Jamaica Eyes Itself As Regional Shipping Hub 11/4/2011 The Jamaican government is seeking to position the Kingston Container Terminal
as a regional transshipment hub for goods being shipped to the Caribbean through
the Panama Canal.
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India And Japan Deepen Maritime Ties 11/3/2011 Indian Defence Minister Shri Antony and his Japanese counterpart Yasuo Ichikawa
have committed to deepening cooperation on maritime issues, in part to seek a
resolution of the ongoing disputes between Asian nations and China in relation
to maritime territory south and east of the Chinese mainland.
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Construction Of African Anti-Piracy Training Facility Begins 11/1/2011 Construction of a regional training facility which will better
enable African countries to tackle the issues of piracy and other violent crimes
against ships operating in the Indian Ocean and the Gulf of Aden commenced in Djibouti on October 29.
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US Industry Presents Case On Harbour Maintenance Tax 11/1/2011 The American Association of Port Authorities has welcomed progress made at the hearing
of the US House Transportation and Infrastructure Committee's Water Resource and
Environment Subcommittee, which focused on the heavily-criticized Harbour Maintenance
Tax.
|
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Singapore, China Sign Maritime MoU 10/26/2011 China and Singapore have signed a Memorandum of Understanding to deepen maritime
cooperation between the two countries.
|
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Cayman Islands Announces New Tonnage Tax Regime 10/26/2011 The Maritime Authority of the Cayman Islands is introducing a new Annual
Tonnage Fee structure, which will come into effect on January 1, 2012.
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Cunard Chooses Bermuda To Tap Wedding Market 10/24/2011 Cunard Line announced on October 19, 2011, that it will begin to offer marital
ceremonies onboard its three-ship fleet, the Queen Mary 2, the Queen Victoria
and the Queen Elizabeth, having re-registered its vessels to Bermuda to avoid stringent
UK marital laws.
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Gibraltar Expands Mooring Facilities 10/21/2011 The Gibraltar government has announced that it is to construct a purpose-built
municipal mooring facility for small boats.
|
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Italy Referred To ECJ Over Maritime Aid Scheme 10/20/2011 The European Commission has referred Italy to the European Court of Justice
for failing to comply with a 2007 Commission decision, which found an aid scheme
for Sardinian shipping companies incompatible with EU state aid rules.
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Sunreef Yachts Opens US Sales Office 10/18/2011 Leading luxury custom-made catamaran yacht maker Sunreef Yachts has announced the opening of its first US-based office offering sales and brokerage, in Fort Lauderdale, Florida, as the company ramps up its marketing strategy in the Americas region.
|
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Bahamas And Cuba Settle Maritime Boundary 10/14/2011 The Bahamas and Cuba have signed an agreement delimiting their maritime boundaries
after almost 40 years of negotiations.
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US Harbour Maintenance Tax Under Investigation 10/10/2011 The United States Federal Maritime Commission is to undertake an inquiry
into the tax and other disparities that may be causing US-bound cargo to be driven
to Canadian and Mexican ports.
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Gibraltar Plans Expanded Cruise Terminal 10/10/2011 The government of Gibraltar has announced plans for the expansion and upgrade of the territory's Cruise
Terminal.
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OECS To Give Effect To Single Yachting Space 10/7/2011 Guided by the mandates given by the Organization of Eastern Caribbean States
Council of Tourism Ministers at their last meeting held in April 2011 in St. Kitts,
the OECS Secretariat recently re-constituted the OECS Yachting Committee, which
held its inaugural meeting on September 28, 2011.
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Singapore Reports On GST Consultation 10/3/2011 Singapore’s Ministry of Finance has accepted for implementation 11 of the
22 suggestions on the draft Goods and Services Tax (Amendment) Bill 2011, which
were received during a public consultation exercise held during July this year.
|
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ST Shipping To Slash Loss-Making Charter Fleet 9/30/2011 ST Shipping, the shipping arm of Glencore and a leading player in crude oil transportation, has confirmed
that it will seek to slash the size of its fleet by up to a quarter in the short
term to reduce losses being generated on routes operated by crude oil transport
vessels that were chartered prior to the financial crisis.
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France In Court Over VAT On Ships 10/3/2011 The European Commission has announced its decision to forward infringement proceedings
relating to a value-added tax exemption applied by France to certain transactions involving
ships to the European Court of Justice.
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EU Court Rejects Appeal Against Danish Maritime Tax Scheme 9/30/2011 The European General Court has rejected an appeal by Danish maritime union
3F regarding a tax exemption scheme accorded to non-European Union resident
seafarers.
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Maersk Tests Sulphur-Cutting Device 9/29/2011 Shipping giant Maersk Line has announced that as part of its drive to reduce sulphur
emissions from its fleet toward zero, the company will be undertaking testing
of a new exhaust-gas cleaning system, which is expected to cut SOx emissions by
more than 97%.
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UK Ship Registry Could Lose Business Over UK Marital Laws 9/27/2011 Cruise ship operator Cunard is considering reflagging its vessels to a British
Overseas Territory in order to tap the valuable market for wedding functions.
|
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2011 PSP Southampton Boat Show Concludes 9/26/2011 The 2011 PSP Southampton Boat Show, one of Europe’s premier on-water boat
shows, drew to a successful conclusion on September 25, 2011.
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ICS Discusses Climate Change And Piracy 9/23/2011 The International Chamber of Shipping, whose membership includes national
shipowners' associations representing all sectors and trades and over 80% of the
world merchant fleet, met to discuss climate change issues as well as piracy on September 13.
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IMO Adopts Anti-Piracy Security Guidance 9/21/2011 Further interim guidance on the use of privately-contracted armed security
personnel on board ships to counter Somali-based piracy has been approved
by the International Maritime Organisation.
|
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Croatian Marina Receives TYHA Recognition 9/19/2011 The Yacht Harbour Association has awarded Mandalina Marina, a brand new facility
with 367 berths for vessels up to 75m, Five Gold Anchors.
|
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Jersey Chosen As America's Cup Port Of Registry 9/15/2011 The organisers of the most famous yachting challenge in the world, the 160-year-old
America’s Cup, have chosen Jersey as the Port of Registry for their race
management fleet.
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Tax Reforms To Revitalize Australian Shipping 9/13/2011 The Australian government is looking to boost the country’s struggling shipping industry by introducing major tax breaks and setting up an international shipping register.
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New MARPOL Pollution Control Rules In Force 9/5/2011 Amendments to the International Maritime Organization’s MARPOL Convention for the prevention of pollution from ships entered into force in August, banning heavy fuel oil use in the Antarctica region and creating a new North American Emission Control Area.
|
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Sunseeker To Debut New Yacht At Southampton 9/5/2011 Sunseeker International has announced it is to launch the brand new Manhattan 53 at the forthcoming PSP Southampton Boat Show.
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