The International Maritime Organization’s intentions to delist over 80 countries, including South Africa, from its STCW Whitelist has major implications for the country’s maritime sector.

Sobantu Tilayi, the CEO of the South African Maritime Safety Authority (SAMSA), confirmed that the agency was extremely concerned by IMO’s planned action.

“Even as we have a serious situation in our hands, and should never have found ourselves in this position, I am confident that we will act with speed and do so correctly to ensure that the intended action by the IMO’s Maritime Safety Committee is not finalized to South Africa’s disadvantage,” Tilayi said.

Read more

Knowledge is power and power is key. That’s why service provider

Viking Supply Ships takes every given opportunity to test their vessels. Join their AHTS Brage Viking on a series of full speed ice-breaking trials in the Baltic Sea.

In Depth: Consolidation in Container Shipping Getting More Challenging

The container shipping sector has seen a massive consolidation wave over the past few years, reducing the number of carriers considerably.

It is estimated that by 2021, 75% of the global containership fleet will be owned by only seven top-tier liner companies, compared to 37% in 2005.

Further consolidation in the sector through mergers and acquisitions cannot be ruled out, however, the window of opportunity for the trend to continue is closing amid ever tighter regulatory rules and less free players to absorb, according to Jeremy Nixon, CEO of Ocean Network Express (ONE).

Read more

The fire-stricken containership Yantian Express is likely to depart from Freeport, Bahamas during the first half of May 2019, according to German shipping major Hapag-Lloyd.

The repairs on the vessel are nearing completion and accordingly declaration of seaworthiness is expected shortly.

The company said that the ship’s departure is dependent on final technical approval of vessel class and refitting of hatch covers, after which Yantian Express would leave Freeport with the remaining cargo onboard.

The 7,506 TEU containership will then proceed to Halifax, Nova Scotia to deliver the containers. The exact date is currently unknown and will be confirmed once the company concludes forward schedule and terminal arrangements.

Read more

Hunter Tankers, a subsidiary of Norwegian investment company Hunter Group, has signed a short-term USD 3 million revolving credit facility agreement.

The loan, signed with the company’s largest shareholder, Apollo Asset, a company owned by board member Arne Fredly, does not include any financial covenants and may be used to partially finance the group’s current newbuilding program and for general corporate purposes.

Read more

Entries with this post type link to a different page with their headline. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.

South Korean shipbuilder Samsung Heavy Industries has secured another order for the construction of a liquefied natural gas (LNG) carrier.

The shipbuilder said that the deal, revealed on May 3, has a value of around KRW 221.6 billion (USD 190 million).

Read more