Shipping lawyer on new rules

A Hull shipping lawyer is urging vessel owners to get to grips with new legislation relating to the safety of workers.
Andrew Oliver, a shipping and transport partner at Andrew Jackson, said the two new Merchant Shipping regulations, which came into force on January 10, apply to UK ships and all other vessels when they are in UK waters.
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Source: Maritime Connector

Posted on 1/15/2011 / 0 comments / Read More

Supertanker Rates May Jump 57% Next Week, Owner Dynacom Says

Ody Valatsas, chartering manager of Dynacom Tankers Management Ltd., an Athens-based operator of supertankers, comments by e-mail today on supply, demand and freight rates for the ships.
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Source: Bloomberg

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New Century Shipbuilding Seeks Up To US$800 Million In Hong Kong IPO - Sources

Chinese shipbuilder New Century Shipbuilding Ltd. plans to raise US$500 million-US$800 million in an initial public offering ahead of a listing in Hong Kong in the first half, two people familiar with the situation said Friday.
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Source: NASDAQ

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103 MoUs in ship-building, ports signed

One hundred and three MoUs with proposed investments of Rs 1.03 lakh crore were signed in the ports and shipbuilding sector on the final day of VGGIS on Thursday. The MoUs were signed during a seminar, “Gujarat Ports: A catalyst to India’s Development,” organised by Gujarat Maritime Board at Mahatma Mandir.

Seventy MoUs with proposed investments of Rs 100 crore and upwards each were signed between GMB and various groups.

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Source: Indian Express

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China Gets First Overseas order for LNG Ships

China State Shipbuilding Corporation (CSSC) signed a contract with Exxon Mobil and Mitsui & Co., Ltd on Saturday to build four LNG ships (liquefied natural gas), the nation's first overseas order for such an advanced carrier.

Hudong-Zhonghua Shipbuilding (Group) Co., Ltd, a subsidiary of CSSC, will build the ships for Mitsui, a Japanese shipping giant.

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Source: CIR English

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South Korean cargo ship hijacked in Indian Ocean

Seoul, Jan 15 (DPA) A South Korean cargo ship with 21 crew was hijacked in the Indian Ocean, the Yonhap news agency reported Saturday citing a foreign ministry official in Seoul.

The 10,000-ton ship carrying chemicals was apparently hijacked by Somali pirates, the report said. The vessel belonged to Samho Shipping, based in the southern port city of Busan, and had eight South Koreans, two Indonesians and 11 others from Myanmar on board.

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Source: sify

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