News
16 January 2012
Korean Register wins contract to develop Port State Control software
The Korean Register of Shipping has won a contract to develop a new software application to assist port state control officers working within the Mediterranean MoU jurisdiction. More
12 January 2012
Shipping industry faces its "Deepwater Horizon moment"
The shipping industry has been warned by a leading maritime lawyer that it may soon face its "Deepwater Horizon moment" in the event of a mega containership casualty. More
12 January 2012
KR staff give 1 million baht to Thai flood victims
The Korean Register of Shipping (KR) and its staff have donated 1 million baht (US$31,500) to the victims of the recent floding in Thailand. More
19 December 2011
KR's Christmas gift to the World Maritime University
The Korean Register of Shipping (KR) has donated 150 copies of its award winning KR-CON software application to the World Maritime University in Malmo, Sweden. More
5 December 2011
AET awards Marine Capture Vessel conversion contract to Drydocks World Dubai
AET has awarded a contract to Drydocks World Dubai LLC to convert two of its newest tankers into Marine Capture Vessels. More
29 November 2011
Navigate Events announces dates for its 2012 shortsea event
Navigate Events - part of the Navigate Group - has announced that its 2012 shortsea event will be held in Antwerp, 19-20 June. More
18 November 2011
Tanker derivative traders move to dollar per tonne settlement
Tanker freight derivative traders meeting at the Freight Market Information Users' group at the Baltic Exchange yesterday (17 November 2011) agreed that from the New Year all Tanker FFA contracts which are traded in Worldscale would be converted to a dollar per metric tonne ($/MT) price when presented to the clearing houses. More
17 November 2011
Shipbuilding should look offshore for growth, says KR Chairman
According to Oh Kong-gyun, Chairman and CEO of the Korean Register, the global shipbuilding sector should seek growth opportunities from the offshore industry. More
17 November 2011
Lord Mayor of London commends UK maritime services
Newly elected Lord Mayor of London David Wooton highlighted the GBP26bn contribution made by maritime businesses to the UK economy during a visit to London's Baltic Exchange yesterday (Weds 16 Nov). More
7 November 2011
IBIA to engage in LNG issues
The International Bunker Industry Association's (IBIA) board has taken a formal decision to "become more closely engaged in LNG matters". More
25 October 2011
80% of mining professionals seeking new roles
The manpower challenge facing the global mining industry has been underlined by the results of a survey of 4,200 mining professionals conducted by leading mining recruitment job board jobs4mining.com and specialist mining recruiters Faststream. More
13 October 2011
Navigate wins bid to communicate European Project
Navigate has sucessfully won a competetive tendering process and has been chosen as the PR and communications agency to promote the prestigious Euro 8 million EU INTERREG project, WEASTflows. More
12 October 2011
Baltic Exchange honours Maersk Mc-Kinney Moller
The achievements of Maersk Mc-Kinney Moller (98) were celebrated at a lunch attended by the legendary Danish shipowner and held in his honour today (Weds 12 October) at London's Baltic Exchange. More
6 October 2011
World's first purpose built offshore lightering support vessel joins AET
Cementing its leadership position in the US Gulf lightering sector, international petroleum tanker owner-operator AET has accepted delivery of the world's first purpose built lightering support vessel (LSV). More
29 September 2011
Baltic Exchange elects new Vice Chairman
The Baltic Exchange Board of Directors has elected Quentin Soanes to serve as its Vice Chairman with immediate effect. More
21 September 2011
AET earmarks latest delivery for MVC conversion
Eagle Texas, the 61st aframax to be delivered into AET's rapidly growing fleet, will be the company's second tanker to take up duties as a modular capture vessel (MCV). More
15 August 2011
KR opens regional headquarters in Singapore
The Korean Register (KR) - an IACS member classification society - formally opened its Asia-Pacific Headquarters in Singapore on 25th July. More
2 August 2011
IBIA appoints interim Chief Executive
Trevor Harrison has been appointed as Acting Chief Executive of the International Bunker Industry Association (IBIA). More
25 July 2011
Ian Adams resigns as IBIA Chief Executive
Bunker trade association IBIA regrets to announce the resignation of its Chief Executive Ian Adams, effective from 31 July 2011. More
6 July 2011
Baltex approaching critical mass
Four weeks after its launch, the Baltic Exchange's electronic marketplace for dry freight derivatives, Baltex, is close to achieving the critical mass needed for success with 15 principals and 5 broker members now using the system. More
5 July 2011
IBIA's Chong Kam Wah retires
One of the architects of the International Bunker Industry Association's (IBIA) Asian expansion, Singapore based Chong Kam Wah, has retired after six years as its regional manager. More
24 June 2011
AET to supply surface vessels for Marine Well Containment Company
AET has signed a 20-year contract with the Marine Well Containment Company (MWCC) to supply two modular capture vessels (MCVs) for hydrocarbon capture services in the event of a deepwater well control incident in the US Gulf of Mexico. More
23 June 2011
IBIA announces ambitious annual convention programme for Barcelona 2011
Bunker industry trade association IBIA has announced details of its packed three day annual convention taking place in Barcelona 2-4 November 2011. More
21 June 2011
New Faststream business leader for Americas
Maritime recruitment specialist Faststream has appointed a new Vice President to manage its team of recruitment specialists in the USA. More
20 June 2011
Faststream warns of LNG staff shortages
Shipping recruiter Faststream warns that shipowners taking part in the LNG vessel order spree could face serious difficulties in finding experienced superintendents to run these vessels in the coming months and years, particularly in Europe. More
16 June 2011
New Baltic User Group chairmen
The Baltic Exchange's Freight Market Information User Group (FMIUG) has elected two new chairmen for its dry and wet market sections. Philippe van den Abeele, Managing Director of Castalia Fund Management (UK) now heads the dry section and Jeremy Harris, Freight Derivatives Trader - Crude at Shell Trading & Shipping leads the wet section. More
13 June 2011
2011 UK Maritime Services Directory now available
The 2011 issue of the UK Maritime Services Directory, published by Navigate PR in conjunction with Maritime London is now available. Click here to view online version. To enquire about advertising in next year's issue please email directory@navigatepr.com
8 June 2011
Baltex executes its first trade
The Baltic Exchange's electronic marketplace for dry freight derivatives, Baltex, commenced trading today (8 June 2011) and executed its first trade at 0733. Principals signed up and ready to trade include AM Nomikos, Cargill, CTM, Morgan Stanley, M2M, Pacific Basin and Toepfer. More
20 May 2011
Faststream reports rising demand for technical shipping candidates
The latest report by shipping industry recruiters Faststream reveals that there is a rising global demand for ex-seafarers in shore based positions. In its Maritime Employment Review - Technical Shipping published today (20 May 2011), Faststream reveals an upsurge in candidate placements in 2010/11. Globally speaking, the average age of a technical shipping candidate in the past 12 months was 42 and the average salary of GBP 55K (USD $89K / SGD $111K). More
18 May 2011
Baltex to launch 8 June
The Baltic Exchange has announced that its Multilateral Trading Facility for dry freight derivatives, Baltex, is set to go live on 8 June 2011. More
5 May 2011
Call for changes to SOLAS to supress piracy at sea
Prominent UK and US maritime lawyer and maritime author Dr John A.C. Cartner is calling on the International Maritime Organization (IMO) to enact changes to the Safety at Life at Sea Convention (SOLAS) to combat the continuing problem of piracy facing the global merchant fleet by allowing ships to carry armed guards. More
4 May 2011
FSA approves Baltex - launch imminent
The UK's Financial Services Authority (FSA) has authorised the Baltic Exchange's subsidiary Baltic Exchange Derivatives Trading Ltd (BEDT) to run a Multilateral Trading Facility to offer trading in Forward Freight Agreements (FFAs). More
4 May 2011
IBIA announces appointment of Officers on Board of Directors
The International Bunker Industry Association (IBIA) has announced at its first meeting of the new board of directors, that Nigel Draffin of LQM Petroleum Services was elected to the post of Vice Chairman until March 31st 2012, upon which he will succeed Robert Lintott, ISO Bunkers LLC, as Chairman of IBIA. More
28 April 2011
Softship sails into Sydney
As part of its continued expansion, Softship - the leading global provider of liner shipping software - has established a new presence in Sydney, Australia to provide support and professional services to regional ship-operators and agents. More
28 April 2011
Navigate PR wins IBIA contract
Navigate PR has won a tender to provide corporate communications services to Southampton based International Bunker Industry Association (IBIA). IBIA is the trade association of the global bunker industry. Activities under the contract will include handling the association's media relations and providing promotional support for its annual conference.
30 March 2011
Baltic Exchange magazine - opportunity to tender
Navigate is handling the tender process for the contract to publish the Baltic Exchange's quarterly magazine. More
22 March 2011
Navigate appointed to communicate two EU projects
Following a competitive tender process, Navigate PR has successfully won a contract to communicate two EU funded INTERREG IVB projects. More
22 February 2011
Softship to streamline systems at Hoegh Autoliners
Global maritime software provider, Softship, has won a major contract with Hoegh Autoliners to replace their core business systems with a company-wide, state-of-the-art software solution. More
19 January 2011
AET accepts 59th aframax
AET - one of the world's largest tanker owner-operators - took delivery of its 59th aframax vessel at a naming ceremony held today. The new vessel, Eagle Kinabalu, was formally delivered by Tsuneishi Shipbuilding Company and is the fifth in a series of eight aframax tankers currently being built for AET by the Japanese yard. More
11 January 2011
David Moorhouse appointed Maritime London Chairman
UK maritime services promotional body Maritime London has appointed
David Moorhouse CBE as its Chairman. The former Lloyd's Register Chairman
replaces Robert Woods CBE who has served a three year term of office.
More
15 December 2010
New FFA Brokers' Association chair
Janet Sykes of Clarkson Securities and Andrew Jamieson of ACM-GFI have
been elected the chairs of the FFA Brokers' Association (FFABA) dry
and wet sections respectively for 2011.
More
2 December 2010
Softship signs-up Swires Shipping
Global maritime software provider, Softship, has won a major contract with The China Navigation Company Pte Ltd (CNCo)'s liner shipping arm, Swire Shipping, to install its LIMA (Liner Management) package across Swire Shipping's global network.. More
30 November 2010
Port Centric distribution model faces scrutiny
The concept of locating distribution centres within UK and European ports comes under the spotlight at Navigate Events' second Port Centric Logistics conference in Birmingham 1-2 March. More
25 October 2010
Faststream finds strong demand for ship operators and freight traders
Global shipping industry recruiter Faststream reports that demand for ship operators and freight traders remains strong in Europe and Asia in its annual Maritime Employment Review for the commercial shipping market published today (25 October). More
7 October 2010
KR celebrates 50th anniversary with Greek shipping community
The Korean Register of Shipping (KR) - an IACS member classification society - continued a year of celebrations to mark its 50th anniversary with a dinner in Greece on Tuesday evening (5 October) . More
8 September 2010
Baltic Exchange training course dates 2011
The Baltic Exchange's freight derivative trading course dates for 2011
have been confirmed. Marketed and administered by Navigate PR, the courses
are held in London, Singapore and New York.
Freight Derivatives
& Shipping Risk Management
Advanced Freight
Modelling & Trading
1 September 2010
UK maritime industry feeling impact of immigration cap
The British government's drive to lower net migration by reducing the
availability of Tier 2 visa certificates is already having an impact
on a wide range of UK based shipping companies and maritime services
providers, according to specialist shipping industry recruiter Faststream.
More
31 August 2010
Baltic Exchange introduces market reporting during Asian working day
The Baltic Exchange will report and publish a selection of its existing
dry supramax routes during the Asian working day from 1 September 2010.
More
11 August 2010
AET adds two new product tankers to its clean fleet
Continuing its expansion into the clean markets, AET formally accepted two newbuild 6,600dwt product tankers into its fleet at a naming ceremony in Haydarpasa Port, Istanbul on 7 August 2010. More
30 July 2010
Changes to the Baltic Exchange’s Tanker TCE assessments
In a move designed to stimulate freight derivative trading, the Baltic Exchange will be calculating its Tanker Time-Charter Equivalent Assessments (TCEs) based on bunker prices which are in line with the bunker swaps market. More
20 July 2010
AET orders four VLCCs from Daewoo
AET today signed a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) of Korea for the purchase of four new 320,000 dwt very large crude carriers (VLCCs), hull numbers S5380 to S5383, for delivery between December 2012 and October 2013. More
6 July 2010
Honorary Baltic Exchange life membership for IMO Secretary-General
International Maritime Organization (IMO) Secretary-General Efthimios Mitropoulos was awarded honorary life membership of the Baltic Exchange yesterday (Tuesday 6 July) in recognition of his services to the shipping industry. More
25 June 2010
AET signs contract for four suezmax from Sungdong
AET today signed a contract with Samsung Heavy Industries of Korea for the purchase of four new 158,500 dwt Suezmax tankers, hull numbers 1962 to 1965, for delivery between April and October 2012. These vessels will become the first owned Suezmax class vessels in AET's fleet. More
22 June 2010
AET takes delivery of 53rd aframax
At a ceremony held today (22 June 2010) at the Tsuneishi shipyard in Japan, AET celebrated the naming and delivery of its 53rd aframax tanker, Eagle Kangar. The new 107,000 dwt vessel is the third in a series of eight sisterships being built for AET by Tsuneishi, with delivery of the final vessel scheduled for September 2011. More
8 June 2010
Navigate launches UK Maritime Services Directory
Navigate and Maritime London have launched a print and online directory of UK professional service providers. More
19 May 2010
Baltic Exchange outlines dry FFA screen trading plans
The Baltic Exchange has applied for Multilateral Trading Facility (MTF) status with the UK's Financial Services Authority (FSA) for BaltEx, a central screen based trading solution for the dry Forward Freight Agreement (FFA) market, to be run by a new subsidiary, Baltic Exchange Derivatives Ltd. More
11 May 2010
AET takes delivery of 51st aframax
At a ceremony held today (11 May 2010) at the Sungdong shipyard in Korea, AET formally named and took delivery of its 51st aframax tanker. More
22 April 2010
Faststream focuses on freight traders
Global shipping recruitment firm Faststream has opened a new desk to focus on finding freight traders for banks, commodity and energy trading houses. More
6 April 2010
KR classed fleet reaches 40 million gt
For the first time in its 50 year history, the classed fleet of the Korean Register of Shipping (KR) - an IACS member classification society - has reached 40 million gt. More
1 April 2010
Faststream reports improved job market
The latest employment review by global recruitment company Faststream covering wide range of technical roles for shipping companies, oil majors, flag states, classification societies and consultancies shows that salaries have remained steady and that experienced and well qualified candidates remain hot property. The company is placing candidates more quickly than before, in an average of 9 weeks, down from 11 weeks in 2009. More
30 March 2010
AET takes delivery of 49th aframax tanker
At a ceremony held at the Tsuneishi shipyard in Japan last week (25 March 2010), AET formally named and took delivery of its 49th aframax tanker. The new 107,000 dwt tanker was named Eagle Kuantan. More
16 March 2010
Korean Register breaks ground in Busan
At a ceremony in Busan, Korea on Thursday (12 March), the chairman and CEO of the Korean Register - an IACS member classification society - together with over 300 VIP guests, formally broke the ground to start construction of KR's new head office. More
1 March 2010
Oh re-elected as head of Korean Register
At a vote held in Korea on 24 February, Oh Kong-gyun was re-elected to serve as Chairman and CEO of the Korean Register - an IACS member classification society - for a further three years. More
18 January 2010
AET flags first vessel in India
AET - one of the world's leading owner-operators of petroleum tankers - has become the first major foreign shipping company to be given permission by the Indian Government to operate a ship flying the Indian flag. This is a major development as AET's global operations continue to expand. More
7 January 2010
Korean Register to verify emissions trading
The Korean Register of Shipping (KR) - an IACS member classification society - has been authorized by the Ministry of Environment of the Republic of Korea as a verification body for its pilot greenhouse gas emissions trading scheme. More
7 December 2009
Navigate & Helix Media announce tie up
Specialist maritime public relations agencies Navigate PR and Helix Media today announced a strategic partnership which will see them extend their reach by providing seamless corporate communications activities to maritime industry clients in Europe and Asia. More
31 October 2009
Navigate Events case-studied in The Times
Our sister company, Navigate Events, is case-studied in the prestigious UK broadsheet, The Times. More
16 October 2009
Greek shipowners show support for Korean Register
Over 70 Greek shipowners supported the Korean Register of Shipping's (KR) 5th Hellenic Committee meeting held in Athens yesterday (15th October). Chaired by Adam Polemis, this important gathering meets annually to discuss KR's performance and to guide the classification society to further its twin aims of ensuring quality shipping and safeguarding the natural environment in which its vessels operate. More
22 October 2009
Space available in Maritime London Pavilion, Posidonia 2010
Two stands are currently available within the Maritime London pavilion which is once again being managed by Navigate PR. For further details please contact Bill Lines.
E: blines@navigatepr.com
22 September 2009
Asian shipping interests must speak up, says Korean Register CEO
According to Mr Oh Kong-Gyun, Chairman and CEO of the Korean Register of Shipping (KR), the size of the Asian shipping and shipbuilding industries is such that they should occupy a more prominent and influential position in the international regulatory process than they currently do. More
2 September 2009
Proposed changes to Jones Act already impacting seafarers
The impact of proposed changes to the Jones Act and the use of foreign flagged vessels in the US offshore sector is already being felt by seafarers according to international shipping recruitment agency Faststream, with companies rushing to replace their non-US crews. More
2 September 2009
Baltic Exchange warns on over-zealous European derivatives regulation
The Baltic Exchange has called on the European Commission (EC) not to lose sight of the benefits of over-the-counter (OTC) trading in the freight derivatives market and warns that over-zealous regulation could drive business away from Europe. More
1 July 2009
Significant change to Baltic Exchange Dry Index
In a move designed to help boost derivative trading, the Baltic Exchange will be implementing changes to the way in which the Baltic Exchange Dry Index (BDI) is calculated. As of 1 July 2009, the BDI will be calculated taking the timecharter components of the Baltic's capesize, panamax, supramax and handysize indices. More
17 June 2009
Opportunities still available for experienced commercial shipping people
The latest Faststream employment report has revealed that base salaries for experienced shipbrokers are up, but bonus expectations down. On average an experienced shipbroker placed by Faststream between October 2008 and May 2009, was hired for a basic salary of GBP77,240. More
