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Damen performs float-out of Australian icebreaker

Damen has carried out the successful floating of the Antarctic Supply Research Vessel (ASRV) RSV Nuyina currently under construction at Damen Shipyards Galati. The carefully executed procedure was achieved by raising the water level in the yard’s dry dock by six metres; a process taking two days to complete. Once afloat, the vessel was manoeuvred […]

Europe has capacity to recycle its ships, new data shows

Brussels, 24 September 2018 – Ship recycling yards approved by the EU will have enough capacity to handle demand from EU-flagged ships that need to be scrapped, a new analysis shows. The shipping industry wants low-cost ship ‘breaking’ yards outside the EU – with dangerous working conditions and poor environmental standards – to be added to the EU […]

Bulgaria: Rossen Jeliazkov succeeds Ivaylo Moskovski in MTITC management

Continuity within the Ministry team is of utmost importance for the ongoing reforms, said the Minister of Transport, Information Technology and Communications, Rossen Jeliazkov, upon assuming the new position, and thanked the outgoing Minister Moiskovski. Ivaylo Moskovski commented that upon Jeliazkov’s succession, the Ministry is in stable condition, yet there are a few issues that […]

Freight association fumes over sulphur surcharge

It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020. According to the shipowner, it could lead to prices of […]

IUMI proves concept for global large loss database

Speaking at this week’s IUMI (International Union of Maritime Insurance) conference in Cape Town, South Africa, Donald Harrell, chair of IUMI’s Facts & Figures Committee, reported a successful conclusion to IUMI’s large loss database pilot project. „For the past year, we have been running a project to understand if it is feasible for IUMI, through […]

Global marine premiums up by 2% but challenges remain for marine underwriting, says IUMI

Against the positive backdrop of a benign claims environment in some sectors, IUMI’s statistics show an increasing mismatch between premium income, covered risk and claims costs. On a global average basis, buffers to cover extraordinary single or accumulation losses are non-existent. Today, IUMI – the International Union of Marine Insurance – presented its annual statistical […]

Seafarer skills will remain an essential component in the long term future of the shipping sector

In a major piece of research, the IMarEST’s Maritime Autonomous Surface Ships Special Interest Group sought to gauge the potential impact of self-governing ships and plot out a new course for the shipping industry’s valued workforce. Autonomous technologies could create a competitive advantage for shipping companies but adoption will vary significantly between market segments. This […]

CMA CGM celebrates today 40 years of a unique entrepreneurial story

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. This day marked the beginning of an extraordinary humane and entrepreneurial adventure. 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence […]

Partnership to deliver drone training to the maritime industry

In a world first for the maritime industry, AMC Search, Australia’s leading provider of maritime training, and The Institute for Drone Technology™ have signed a memorandum of understanding to bring drone technology training into the maritime training environment. The partnership will be launched at the MIAL SEA18 conference in Canberra on 16thOctober and the first three […]