Hamburg-based ship finance platform, Oceanis, predicts ship financing costs for 2023 in a new quarterly report.
This year looks set to be a positive year for shipowners seeking finance according to the report.
The ICC IMB’s annual report recorded 115 incidents of piracy and armed robbery against ships in 2022 – compared to 132 in 2021 – with half of them occurring in Southeast Asian waters, particularly in the Singapore Straits, where incidents continue to rise.
Listed here below are updates on the Statutory IMO requirements.
MARPOL Annexes I, II, IV, V and VI – regional reception facilities within Arctic waters: Amendments to MARPOL Annexes I, II, IV and VI were adopted to provide for regional arrangements as an acceptable way to satisfy MARPOL obligations to provide port reception facilities that cover ports within Arctic waters.
In terms of fleet value, Japan has moved back up to 1st after falling to 2nd last year, currently owning a total of USD 196.6 bn in assets. This is an increase of c. USD 9 bn year on year and is largely due to the current boom in the LNG sector.
As the International Seafarers’ Welfare and Assistance Network (ISWAN) reports a high demand for its helpline services over the last year, it is clear that accessible welfare and support services for seafarers worldwide remain a priority for the maritime industry.
The development and introduction of MASS is happening. To ensure their safe and secure operation it is important that regulations are updated to keep pace with innovation..
Nearly all world industries rely heavily on maritime shipping. Former Secretary-General of the United Nations Ban Ki‑moon once quipped, “Maritime transport is the backbone of global trade and the global economy.” Maritime shipping is also considered one of the safest and most environmentally-friendly modes of goods transportation.
Open letter from WSC CEOs to IMO Member State Governments
CEOs of global container and roro carriers appeal to governments: “Broad political action critical for shipping industry to meet climate challenge.”
The Sub-Committee addresses all aspects of safety of navigation, reliable communications and improved coordination to avoid maritime accidents; and ensuring a quick and efficient response in case of a search and rescue incident.
On 28 April, we celebrate World Day for Safety and Health at Work. This has always been an important day for the maritime sector and for the International Maritime Organization (IMO), which is responsible for the safety and security of shipping. This day is particularly significant in light of the ongoing COVID-19 pandemic.
The enduring feature of cyber threats is their ability to adapt and evolve, with new lines of attack developed as barriers are put in place, and strategies to expose vulnerabilities constantly emerging.
During MEPC 75 in November 2020, the IMO approved amendments to MARPOL Annex VI, introducing an Energy Efficiency Design Index for existing ships (EEXI). Subject to adoption at MEPC 76 in June 2021, the requirements will enter into force in 2023
2021 ushers in a new cyber era for the shipping industry with the introduction of the requirement to address cyber risks in a vessel’s safety management system. This is just one of the many regulations that enter into force this year.
2020 has been the year that all the maritime industry anticipated with mixed feelings due to the implementation of sulphur cap. Although all lights were shed on COVID-19 , once again the regulatory agenda was busy within 2020 in order the maritime industry to stay on the pulse and remain sustainable.
Message from our new President, Mr. Marcus Tan
This guidance provides information for shipowners and operators on managing ship and seafarer certificates during the Coronavirus (COVID-19) pandemic. It covers ship and seafarer certificates required by the certification provisions of international regulations, such as those of International Maritime Organization (IMO) and International Labour Organization (ILO) instruments, and highlights the current unique compliance issues and considerations relating to ship and seafarer certificates.
The stress and anxiety surrounding hashtag#COVIDー19 has taken its toll across the globe. The World Health Organization (WHO) has come up with several strategies to help everyone cope with what is an undeniably challenging time.
Kitack Lim has been given a second four-year term as Secretary General of the International Maritime Organization (IMO).
Shipowners have ordered or installed scrubbers for nearly 1,000 vessels as the uptake in exhaust gas cleaning systems rapidly accelerates ahead of the 1 January 2020 0.5% global sulphur cap from the IMO.
According to the Exhaust Gas Cleaning System Association (EGCSA) the number of ships with scrubbers either installed or on order stood at 983 as of 31 May this year.
Maritime law makers faces stiff challenges in their work on the future of the Global Maritime Distress and Safety System, writes Aline de Bièvre
This document published by LR, summarizes the most important IMO/ ILO requirements entering into force.
Any breakdown of the world fleet into ship type, ownership or any other parameter can only ever be a snapshot because it changes constantly as ships are scrapped, newbuildings delivered and vessels change hands all the time.
European Maritime safety Agency has issued the Annual Overview of Marine Casualties and Incidents. It consists in a high-level analysis of accidents reported by the EU Member States in European Marine Casualty Information Platform (EMCIP).
AMI Group Member TMQ International Pty Ltd are now ISO 9001:2015 QA compliant, having completed their Audit successfully on the 5th October 2017.
What’s on the regulatory agenda (Including news from 71th session of MEPC, 98th session of MSC and 29th IMO Assembly)
Cyber security is not just about preventing hackers gaining access to systems and information, potentially resulting in loss of confidentiality and/or control. It also addresses the maintenance of integrity and availability of information and systems, ensuring business continuity and the continuing utility of digital assets and systems.
Marine Environment Protection Committee (MEPC) 71 was a very busy week and ship owners can now benefit from having a firm view of the regulatory timeline for complying with the latest global require-ments for managing the ballast water from their vessels. Unfortunately, the timeline remains very crowded and for owners with ships trading to and from the U.S., compliance is more complicated.
The Maritime Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) decided to extend the time for compliance with the Ballast Water Management (BWM) Convention. As a result, only vessels built after its entry into force on September 8, 2017 will immediately be subject to the new ballast water performance standard.
Inmarsat said it has made progress on gaining IMO approval to expand mandated safety communications to its more modern services of FleetBroadband and Fleet One. It is hopeful that IMO will allow these services to become part of the global maritime distress and safety system (GMDSS) that is compulsory for shipping.
Over the next decade, the shipping industry will be impacted by a wide array of shipping regulations. These regulations aim to ensure that this vital sector is environmentally sound, energy efficient, safe and secure.
The International Association of Classification Societies is pleased to announce the release of the 2017 edition of its IACS Blue Book. The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology, innovation, research and development both at the classification and statutory levels.
the Ballast Water Management Convention, adopted in 2004, aims to prevent the spread of harmful aquatic organisms from one region to another, by establishing standards and procedures for the management and control of ships’ ballast water and sediments
The International Maritime Organization (IMO) has adopted the mandatory requirements for the electronic exchange of information on cargo, crew and passengers as part of a revised and modernized annex to the Convention on Facilitation of International Maritime Traffic (FAL).
Over half of ships trading internationally are living with ECDIS, according to the latest figures published by the United Kingdom Hydrographic Office (UKHO).
