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UK-based classification society Lloyd’s Register has introduced a new interactive online service, of RuleOutlook Live, intended, LR says, “to keep ship owners and operators informed and up to date with the regulatory environment affecting the maritime industry”. RuleOutlook Live presents comprehensive and timely information on future legislation emana...
US-based classification society ABS has issued a completely revised and expanded edition of its Guidance Notes on Inspection, Maintenance and Application of Marine Coatings. The move anticipates the new IMO mandated Performance Standard for Protective Coatings (PSPC) (IMO MSC 215(82)) which takes effect on 1 July 2008 and will apply to the dedicated s...
UK-based shipping services group Clarkson PLC has reported half-year revenue up 53% to £73.2m (US$144.7m) and operating profit on continuing operations up 41% to £9.6m. Profit before taxation on continuing operations is up 32% to £12.3mand the company has announced an interim dividend up 17% to 14.0p. The six month period saw Clarksons take over three com...
STANDARD & Poor has raised its assessment of major Japanese shipowners Mitsui OSK Lines (MOL) and K Line. MOL went up one notch from BBB to BBB+. S&P cited the following reasons for the upgrade: 1. Improvement in cash flow stability through efforts to expand sources of stable income and moves to increase the number of long-term contracts, mainly in Dry Bulk ...
NORWEGIAN owner Belships made a Q2 operating profit of US$2.85m, up from $2.10m in Q2 last year on revenue of $13.37m, up from $11.77m. In a statement Belships says: “The increase in operating income and the positive result performance are mainly related to positive developments in Elkem Chartering's handysize operations.” It adds: “Growth in China co...
GREEK-based shipping company Marmaras Navigation has been fined US$8,500 under Washington state law for failure to have an approved oil spill readiness plan. The state's Department of Ecology imposed the fine, the first time it has has levied a fine under its new oil spill contingency plan rule adopted in October last year. Washington state requires t...
DUTCH specialist ship designer Sea of Solutions, partner in the Offshore Ship Designers group (OSD), has developed what it claims is a technically feasible and low-cost concept to exploit stranded gas fields. Stranded gas is in fields too far from main pipeline routes to make them economically viable. Sea of Solutions has developed the concept of a lo...
The management company of the Panama Canal announced the tender on the canal widening, reports RIA Novosti quoting the press-release of Panama Canal Authority (ACP). It is said that the company has issued the request to build the new stage of docks. At first the company will examine the projects of different companies and pick out 4 of them. At the sec...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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