News
Marine News, November 16, 2011: The International Chamber of Shipping (ICS) has issued a document titled “Shipping, World Trade and the Reduction of CO2 Emissions” for climate change negotiators, ahead of the Climate Change Conference of the United Nations, which is scheduled to commence at Durban towards the end of this month.
Marine News, November 2, 2011: UK Prime Minister David Cameron has decided to relax the ban on security personnel carrying arms on UK merchant vessels giving them the right to kill pirates as well. The Prime Minister arrived at this decision after discussing at length with leaders of the countries in the Horn of Africa at the Commonwealth summit in Australia.
Marine News, October 25, 2011: The shipping industry can take a sigh of relief, with some signs of improvement in dry bulk shipping stocks and the Baltic Dry Index rising 73% for the first time since August 8, 2011. The Baltic Index measures the demand for shipping capacity, as compared with the supply of dry bulk carriers.
Marine News, October 27, 2011: According to Douglas-Westwood’s World ROV Market Forecast 2011-2015, the total amount spent in a year on Remote Operated Vehicle (ROV) support of underwater operations will increase from $891 million in 2010 to $1,692 million in 2015. There are 641 units of ROVs in the world operated by 21 companies.
Marine News, October 21, 2011: After regaining control of MV Montecristo, an Italian merchant vessel from pirates last week, naval units of NATO’S Counter Piracy Operation traced and captured the pirate mother ship which is suspected to have attacked the Italian vessel on its way to the Somali coast.
Marine News, October 19, 2011: MEC Intelligence, a company that provides insight into the Maritime, Energy, and Cleantech industries, has published a report stating that LNG propulsion will be adopted by nearly 10,000 vessels by 2020, marking a surge from only 100 vessels using it at present.
Marine News, October 18, 2011: Prime Minister Manmohan Singh is expected to bring up the issue of Somali pirates at Pretoria where he has gone to attend the India-Brazil-South Africa (IBSA) Summit. Somali pirates have become a huge threat for ships sailing in the Indian Ocean.
Marine News, September 11, 2011 - Global piracy attacks have hit a record high of 266 during the first six months of 2011, according to the International Maritime Bureau (IMB). This compares with 196 attacks in 2010. Global piracy attacks cost the shipping industry up to $16 billion annually. Of the 226 attacks, more than 137 were off the coast of Somalia.
Marine News, San Francisco, October 10, 2011 - Owners and operators of the M/V Cosco Busan have agreed to settle the long-running oil spill suit. The settlement of $44.4 million marks the highest Oil Pollution Act settlement since the law was enacted.
Marine News, October 7, 2011 - The renowned shipping industry anti- piracy campaign - SOS SaveOurSeafarers - is taking its message to the big screen. It has launched a six-minute video depicting the human and economic loss related to the Somali piracy.