ABS Raises Cyber Awareness To Marine Insurance Industry

    Christopher J. Wiernicki, Chairman, President and CEO of ABS, addressed the American Institute of Marine Underwriters (AIMU) today, describing the future of maritime safety and risk mitigation as it relates to cyber safety as well as outlining how the classification and insurance industries can strengthen their collaboration as the progression of cyber and […]

Posted by: on Nov 18, 2017 read more

MPA Singapore Introduces Service Enhancements For Singapore-Registered Companies

  More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive assistance in the form of training on sustainability reporting. These initiatives were announced by Chief Executive of MPA, Mr Andrew […]

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Clarksons: Recycling Market in Limbo

  The ship demolition market is plagued by a high level of uncertainty leaving the market analysts in limbo when it comes to discerning which direction the market will take.  Despite the lack of tonnage, reports suggest that there is a general apathy from the actual ship recyclers making it very hard to judge market […]

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Tomini Shipping Orders Kamsarmax Trio

  UAE-based Tomini Shipping, the shipping subsidiary of Tomini Group, has ordered three 82,000 dwt Kamsarmaxes from the Chinese shipbuilder Taizhou Kouan Shipbuilding. The vessels are scheduled for delivery in the second half of 2019 onwards and follow the company’s order from June for three newbuilding bulk carriers placed with China’s CIC (Jiangsu) shipyard. The 64,000 dwt […]

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Diana Containerships Slashes Q3 Loss

                          Greek container shipping company Diana Containerships has managed to trim its USD 126.8 million net loss reported in the third quarter of 2016, reducing it to USD 8.7 million in the third quarter of this year. The loss for the third quarter of […]

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Wison, Shanghai Electric Team Up on Floating LNG Power Barge

                    Wison Offshore & Marine and Shanghai Electric Power Generation Group are looking to join efforts in medium to large-scale floating LNG power generation barge, with regards to its product development, global marketing and technical services. The parties signed a Memorandum of Understanding (MOU) on strategic cooperation […]

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