Month: October 2018

UK Tax Regime Continues To Provide Stability For Shipping And Offshore Maritime – Moore Stephens

shipping

International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will have a limited impact on what continues to be a stable tax regime for the maritime sector.

The Annual Investment Allowance (AIA) will increase from £200,000 to £1m per annum for all qualifying investments in...

https://www.marineinsight.com/shipping-news/uk-tax-regime-continues-to-provide-stability-for-shipping-and-offshore-maritime-moore-stephens/

LPG Tanker Escapes Pirate Attack Near Congo

counter-piracy

An LPG tanker successfully warded off an attack by pirates near the Republic of the Congo, on October 29, an IMB Piracy Reporting Centre report stated. IMB reported that armed pirates aboard a speedboat chased the tanker and fired upon it. The tanker was carrying out bunkering operations when the attack took place 101 nautical miles, West of Pointe Noire, off Congo.

Representation Image – Credits: nautilusint.org

On being attacked, the ship initiated emergency bunker stop procedures and cast off....

https://www.marineinsight.com/shipping-news/lpg-tanker-escapes-pirate-attack-near-congo/

Watch: Major Fire Reported In Barcelona Port After Ferry Slams Into Crane

barcelona major fire_2

Firefighters worked to extinguish a fierce fire that erupted in the port of Barcelona after a ferry operated by the Italian ferry company GrandiNaviVeloci(GNV) crashed into a gantry crane. The crane collapsed on impact and fell atop four nearby containers which caused a major fire. The fire was large enough to be visible from several kilometres.

pic.twitter.com/I7LSHxBOPr

— Aleix Badia (@Aleixbadia1) October 31, 2018

Major parts of the port have been closed since authorities are still working to...

https://www.marineinsight.com/marine/watch-major-fire-reported-in-barcelona-port-after-ferry-slams-into-crane/

Eaglestar Wins ‘Ship Operator Of The Year’ In The Safety At Sea Awards 2018

eaglestar representation

MISC’s ship management arm, Eaglestar won the Safety Conscious Employer/Ship Operator of the Year during the Safety at Sea Awards 2018 presented on 18 October 2018 in London. The award is a recognition of Eaglestar’s commitment to safety and excellent working practices which sets them apart from other industry players.

This is the first year that Eaglestar was shortlisted as a finalist under the categories of Safety Conscious Employer/Ship Operator of the Year as well as Crew of the Year. The...

https://www.marineinsight.com/shipping-news/eaglestar-wins-ship-operator-of-the-year-in-the-safety-at-sea-awards-2018/

Port Of Rotterdam Witnesses Growth In Containers Segment With Decrease In Bulk Throughput

Port Of Rotterdam

In the first three quarters of 2018, total throughput in the port of Rotterdam was 0.4% lower than in the same period the previous year. Container volumes continued to grow at a markedly higher pace than the first nine months of 2017 – even recording a new all-time high in August. Wet and dry bulk, however, showed a decline in volume – although LNG and biomass were two positive outliers within these product segments.

All in all, 350 million tonnes of cargo was handled in the port of Rotterdam, a...

https://www.marineinsight.com/shipping-news/port-of-rotterdam-witnesses-growth-in-containers-segment-with-decrease-in-bulk-throughput/

DP World And NIIF Win Concession To Build Free Trade Warehousing Zone At JNPT For $78m

Jawaharlal_Nehru_Trust_Port

Hindustan Infralog Private Limited (HIPL),a joint venture between DP World (65%) and the National Investment and Infrastructure Fund(NIIF) (35%), has won the bid to develop and operate the Free Trade Warehousing Zone(FTWZ) at India’s largest container gateway – Jawaharlal Nehru Port Trust (JNPT) for $78mn. HIPL is the recently created investment vehicle between DP World and NIIF to invest up to USD 3 billion in ports, logistics and related sectors across the country. This is the second...

https://www.marineinsight.com/shipping-news/dp-world-and-niif-win-concession-to-build-free-trade-warehousing-zone-at-jnpt-for-78m/

Fincantieri Signs €700m Contract To Build Fourth Ship For Virgin Voyages

Virgin-Voyages-vessel.-Image-courtesy-of-Virgin-Voyages_web

Fincantieri, a world leader in cruise ship construction, and global travel brand Virgin Voyages have signed a contract valued at approximately 700 million euros for the construction of a fourth cruise ship, which will be delivered at the end of 2023.

Representation Image – Credits: abb.com

The new vessel will be a sistership of the three ships on order with Fincantieri. Construction is underway at the Sestri Ponente shipyard (Genoa) and the first three ships will enter Virgin Voyage’s fleet...

https://www.marineinsight.com/shipping-news/fincantieri-signs-e700m-contract-to-build-fourth-ship-for-virgin-voyages/

ABS Awards AiP For MARIC’s Novel Dual Fuel Design For Bulk Carrier

ABS Awards AIP for MARIC Dual Fuel Newcastlemax

ABS granted Approval in Principle (AIP) to the Marine Design & Research Institute of China (MARIC) for a novel Dual Fuel Design for a 210,000 DWT Bulk Carrier.

MARIC, a subsidiary company of China State Shipbuilding Corporation group, is developing a 294m Newcastlemax bulker with an LNG fuel system consisting of a bilobe type C tank with about 6000 cubic meter capacity, located on the aft deck.

“ABS has a record of supporting Chinese shipbuilding and this project is yet another example of our...

https://www.marineinsight.com/shipping-news/abs-awards-aip-for-marics-novel-dual-fuel-design-for-bulk-carrier/

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