Over the coming decades, energy sources will continue to evolve and diversify, driven by changes in technology, consumer needs, and public policies. On the other hand liquid supplies, referring primarily crude oil, are projected to remain the single biggest source of energy and vital to transportation.
Calculation of written down values under the UK tonnage tax tonnage tax are not realistic in terms of their interaction with the capital allowances regime according to international accountant and shipping adviser Moore Stephens.
According to Wärtsilä the new inline scrubber system design that has been developed by the Company lowers cost, saves space, and eases installation.
The Norwegian designers at Lade AS, have come up with a new concept for a partly wind-powered merchant ship the Vindskip (Windship). According to Lade AS the ship’s design can cut fuel use by 60% and carbon emissions by up to 80%.
On the way to Tunisia from Izmir, the 1995-built 116-meter-long Turkish-flagged container ship Yusuf Çepnioğlu ran aground near the island of Mykonos.
Recently there is an increased threat of crew kidnap in the Gulf of Guinea with two new attacks on vessels taking place within a single week having also Nigerian-flagged vessels targeted by pirates and kidnapping six crew members.
As part of TORM’s 2012 Restructuring Agreement, Oaktree exercised its option rights for repayment of a related debt from TORM, leading to a sale of ten MR and three LR2 product tankers.
North of England P&I Association (North) and Sunderland Marine Insurance Company Limited have merged to form the North Group following approval by the Bank of England’s Prudential Regulatory Authority and other UK and overseas regulators.
Singapore-based ODFJELL and one of its senior crew members pleaded guilty a few days ago in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from Ships (APPS).
A few days ago USCG issued a Marine Safety Information Bulletin stating that U.S. Coast Guard Port State Control Officers will conduct unannounced examinations on a number of cruise ships for the remainder of 2014.
 |
 |
 |
 |
 |
 |
||||
Officer of the Watch 