Industry News
Confidence levels hold up, but concern persists about newbuilding glut
Overall confidence levels in the shipping industry have stabilised, according to the latest Shipping Confidence survey by shipping accountant and adviser Moore Stephens, although a sustainable recovery in the markets still appears to be some way off.
BIMCO launches new Stowaway Clause
BIMCO’s Stowaways Clause for Time Charter Parties 2009 is now available for downloading from the BIMCO website.
Moore Stephens
An International Accounting Standards Board
(IASB) discussion paper on the accounting
treatment of leases could have major implications
for shipowners and charterers, says accountant
Moore Stephens...
UK Chamber of Shipping
The Chamber of Shipping has appointed Angus
Frew as chief executive...
Stena Bulk/Asahi Tankers
Stena Bulk and Asahi Tanker Co have formed
a joint venture company, Asahi Stena Tankers,
which will invest in tonnage of varying sizes.
Initially the focus will be on investments in
Suezmax tankers for global transportation of
crude oil...
RS Platou London
RS Platou opened an office in London at
the beginning of June. The office, headed by
Richard Fulford-Smith, commenced trading on 1
June 2009 as shipbrokers and marine advisors...
Ship Finance
Ship Finance International Limited has appointed
Ole B. Hjertaker as its new ceo. He was
previously cfo of Ship Finance...
Galbraith’s
Galbraith’s Ltd has appointed Nick Hubbard
as its new managing director. Hubbard has 25
years’ experience as a shipbroker, most recently
as a senior director and major shareholder at
Howe Robinson Shipbrokers in London...
Hebei Spirit unites industry
The most recent case, that
of the Master and Chief Officer of the Hebei Spirit, has united companies and organisations across the industry in protest
– with some success...
Worldscale Association
The Worldscale Association (New York) and
Worldscale Association (London) have announced
that Basil Mavroleon of C R Weber and John
Bodkin of Braemar Seascope will be chairing the
respective associations in 2009...
Tradition, Galbraith’s
Galbraith’s has established a joint venture wetfreight
brokerage service with Tradition, a leading
interdealer broker...
Imarex
Imarex and NOS Clearing have launched
electronic trading and clearing of TD16 tanker
freight futures...
Ernst Russ
Ernst Russ closed its freight derivatives
department at the end of December 2008. In
a statement...
Lloyds Register
Alan Gavin, marine director at Lloyd’s Register,
will retire at the end of June this year. He
will be succeeded by Tom Boardley, currently
senior representative of the CMA CGM shipping
group in the UK...
Thomas Miller
Specialist insurance manager Thomas Miller
has announced two top appointments. Charles
Fenton moves up from deputy chief executive
to chief executive of the TT Club...
ITIC
ITIC has advised shipbrokers against using the
term “first-class charterers” when conducting
fixture negotiations, following a claim made by
shipowners against one of its broker members...
London
The City of London’s Lord Mayor has
welcomed plans for a new approach to taxing
multinational companies as “a huge plus for
the UK” that could reverse 2008’s drift of
companies to more attractive tax regimes...
Hellespont
Hamburg-based Hellespont has launched
a pool for modern IMO 2 chemical/product
tankers...
Seaarland, Roxana
Seaarland Shipping Management and Athensbased
Roxana Shipping have established a new
pool for LR1 tankers...
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