Shipping
Fears of Nordics perfect storm unfounded says Swedish Club
(Posted on 13/11/22)Times are difficult but no need for despair, was the message from Tore Forsmo, Area Manager, Team Norway at The Swedish Club and Vice Chair IUMI, speaking at the Marine Insurance Nordics conference held in Oslo.Asked to assess the status of the Nordic Marine Insurance Market, and warnings of a perfect storm, Forsmo addressed the...
CSM and Marcap to focus on vessel performance optimisation
(Posted on 13/11/22)Columbia Shipmanagement (CSM) and Marine Capabilities (MARCAP LLC) have signed a Memorandum of Understanding in Abu Dhabi that will lead innovation and shape the technological future of the maritime sector in the Middle East Gulf region.The two organisations, who place quality performance, targets and goals at the heart of what...
Decarbonisation action plan launched at COP27 to upskill seafarers
(Posted on 09/11/22)A new Action Plan, launched at COP 27 by UN organizations, shipowners and unions, sets out recommendations to upskill seafarers to meet shipping’s decarbonisation goals. The plan is in response to findings from new research, the modelling of which cautions that as many as 800,000 seafarers will require additional training...
Algoma to exceed expectations in strong market
(Posted on 09/11/22)Algoma Central Corporation has reported its results for the three and nine months ended September 30, 2022. Revenues increased 14% during the 2022 third quarter to $199,327 compared to $174,734 for the same period in 2021 while net earnings increased 6% in the same period. The Company reported 2022 third quarter EBITDA(1) of $73...
ClassNK grants Innovation Endorsement to JRC developed J-Marine Cloud products
(Posted on 02/11/22)ClassNK has granted its Innovation Endorsement for Products & Solutions to a cloud service called J-Marine Cloud developed by Japan Radio Co., Ltd. (JRC).In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement as a swift certification service in cooperation with technological...
CCS opens first Portuguese office
(Posted on 26/10/22)China Classification Society (CCS) is expanding its European operations after staging the official opening of its first office in Portugal.CCS is headquartered in Beijing and is a full member of the International Association of Classification Societies (IACS). Its serviced fleet numbers more than 33,000 vessels exceeding 182.3 million...
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