Hundreds of vessels around the world are essentially trading as a zombie fleet with scams growing when it comes to registering ships, the International Maritime Organization (IMO) has warned. Frederick Kenney, director of the legal and external affairs division at the IMO, speaking at this week’s International Group of P&I Clubs Correspondents’ Conference in London, said action was needed to tackle the growing number of fraudulently flagged ships. Kenney reported how around 10 flag states had revealed they had ships on their books that they had no idea about, registered from fake offices.
BIMCO has written a practical guide for officers who are responsible for managing new ballast water treatment systems. It coincides with the entry into force of the International Maritime Organization’s (IMO) Ballast Water Management (BWM) Convention. BIMCO’s new Shipmaster’s Ballast Water Manual is intended to provide accessible information for seafarers dealing with practicalities of daily ballast water management. The manual covers all aspects of the Convention including regulatory implementation, inspections by port state control and charterers and the latest guidance issued by the IMO.
Shipping confidence reached its highest rating in the past three years in the three months to end-August 2017, according to the latest Shipping Confidence Survey. The average confidence level expressed by respondents to the survey was up slightly from the 6.1 out of 10.0 recorded in the previous survey in May 2017 to a three-year high of 6.2. The improved rating was attributable mainly to increased confidence on the part of owners, up from 6.1 to 6.5. Confidence levels on the part of brokers, meanwhile, fell from 6.4 to 6.3, while managers and charterers recorded more substantial drops.
Synergy Offshore chief executive, Fazel Fazelbhoy, revealed the scale of the downturn facing OSV operators in Middle East waters. Generally, the picture was bleak although the Saudi market has shown signs of life recently as Saudi Aramco invites bids for various major offshore projects. Fazelbhoy, an offshore expert who is expecting significant restructuring across the sector as OSV companies and their bankers come to terms with plunging vessel values, says that an influx of tonnage from Southeast Asia has only added to the woes of local owners as utilisation levels and day rates have come under further pressure.
Shipping contributes a large volume of CO2 emissions to the environment and with an increase of cargo it is indispensable to step up our efforts to reduce this burden, according to Junichiro Ikeda President & CEO Mitsui O.S.K. Lines. In MOL’s latest Safety, Environmental and Social report, President Ikeda says that the environment presents a number of business opportunities and ways to gain competitive advantage. The report, which focuses on Bluer Oceans, Cleaner Environment and Sustainable Future, sets out MOL’s three strategies for its management plan.
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