Shipping
Songa Bulk to merge with AGS
(Posted on 18/04/19)Songa Bulk ASA and Axxis Geo Solutions AS have entered into a joint merger plan, pursuant to which Songa Bulk will assume the assets, rights and obligations of AGS against issuance of shares in Songa Bulk to existing shareholders of AGS.Key terms of the Merger and timeline: The exchange ratio in the Merger is based on an equity...
ClassNK’s Cyber Security Management System
(Posted on 18/04/19)Leading Classification Society ClassNK has released its Cyber Security Management System for Ships.As part of the ClassNK Cyber Security Series, ClassNK regularly releases guidelines and standards that outline cyber security measures based on the recently-released ClassNK Cyber Security Approach that outlines ClassNK’s basic...
Industry supports IMO’s anti-corruption agenda
(Posted on 18/04/19)The International Maritime Organization (IMO) has agreed to address maritime corruption by including this important issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption agenda came at the latest meeting of the IMO’s Facilitation Committee (FAL) in response to a submission from...
Global mobilization for seal repairs
(Posted on 18/04/19)Hydrex has developed a flexible mobdock repair method that enables the underwater replacement of all types and sizes of shaft seals. This technology has been successfully used by their diver/technicians for over a decade. It allows ship owners to keep their vessel sailing, saving precious time and money. Damaged stern tube...
Singapore still on top
(Posted on 18/04/19)The Leading Maritime Capitals report for 2019 is has been published, with fresh insight on which maritime metropolises provide the best support for companies in shipping and related services. Criteria include soft and hard infrastructure and access to world-class talent and services – all key components that maritime businesses...
IRClass continues Asia Pacific growth
(Posted on 18/04/19)Indian Register of Shipping (IRClass), continues to grow steadily in the Asia Pacific region – enhancing presence in key Asian shipping markets including Malaysia, Indonesia and China.The classification society had earlier received authorisation as Recognised Organisation (RO) from the flag administrations of Malaysia and...
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