GasLog’s 1Q15 profits more than double

Oslo-listed GasLog, the Monaco-based LNG carrier owner, has reported a sharp increase in profits in 1Q15, saying the sector’s medium- to long-term outlook remains encouraging.
Group net profits jumped to USD13.8 million in 1Q15 from USD6.4 million in the same period last year, as revenues rose to
Details

ILO Guidelines for Occupational Safety and Health

By MarEx 2015-05-06 10:45:28 By Brian Sherwood Jones, Process Contracting Limited In 2014, the ILO published Guidelines for implementing the occupational safety and health provisions of the Maritime Labour Convention. They were formally endorsed by the ILO Governing Body in March 2015. The Guidelines should bring about a more comprehensive approach to risk management than…

Details

Philippines, Japan Coast Guards Hold Anti-piracy Drills

By Reuters 2015-05-06 10:19:29 Philippine and Japanese coast guard teams staged an anti-piracy drill on Wednesday, featuring the storming of a cargo vessel after a mock hijack, in a show of maritime cooperation between the two nations amid rising tension in Asian waters. Both nations face a challenge from China’s growing assertiveness over territorial claims…

Details

US authorises Cuba ferry services

New licenses issued by the Obama Administration for US-Cuba passenger ferry operations could be a stepping stone to direct cargo services.
On 5 May the US Treasury Department’s Office of Foreign Assets Control approved specialty licenses to a group of American-based companies to operate passenger
Details

KDB eyes overseas port investments

Korea Development Bank (KDB), South Korea’s largest provider of ship financing, recently signed a memorandum of understanding (MoU) with the country’s Ministry of Oceans and Fisheries to co-operate with overseas port investments.
In a press statement KDB said, “The purpose of this MoU is to boost
Details