Report by MB92 looks at challenges for the superyacht industry to become sustainable

The superyacht industry is running out of time to course-correct on sustainability if it and its playground – the oceans – are to survive the century, a new report finds.

“The cost of inaction is evident and will be extremely dire for our oceans and industry,” said Pepe García-Aubert, president and CEO of the MB92 Group. “However, I am convinced that through a collaborative approach, our industry can rise to the challenge and achieve our goal of a sustainable future for superyachting.” Continue reading “Report by MB92 looks at challenges for the superyacht industry to become sustainable”

Small cargo losses increasing, larger losses on the decline reveals IUMI 2021 Stats Report

The IUMI 2021 Stats Report is available to download
The IUMI 2021 Stats Report is available to download

The International Union of Marine Insurance (IUMI) has published its 2021 analysis of the global marine insurance market. The report presents a range of statistical data to give an insight into the marine insurance market within the context of global trade and shipping.

Global premiums reported from the offshore energy sector in 2020 were USD 3.6 billion representing an 8.6% increase on 2019. Premium income mirrors the global oil price and it is thought that the bottom of the premium decrease cycle has been reached and that income is now on the rise. However, the oil price remains volatile and was impacted negatively in 2020 due to the pandemic. 2021 has seen an oil price rally but the effects of events such as Hurricane Ida are yet to be known. Continue reading “Small cargo losses increasing, larger losses on the decline reveals IUMI 2021 Stats Report”

Specialist aluminium boatbuilder recognised

The UK’s Wight Shipyard Co has been formally presented with a Queen’s Award for Enterprise for International Trade. The award was presented by Mrs Susie Sheldon JP, Her Majesty’s Lord-Lieutenant of the Isle of Wight, to Peter Morton, Chief Executive of The Wight Shipyard Co. in a ceremony at the thriving yard in East Cowes. The award was in particular recognition of their outstanding short-term growth in the export market.

Said Peter Morton, “We are delighted to accept this prestigious Queen’s Award for Enterprise in the International Trade category on behalf of everyone at the yard who are very much part of the re-birth of the British shipbuilding industry. We set out to stem the tide of orders Continue reading “Specialist aluminium boatbuilder recognised”

Improper maintenance procedures can cost lives

UK P&I Club has released a video describing the dangers of refrigeration machinery following an enclosed space casualty. During a third-party survey, the surveyor made a request to test the emergency fire pump, which was arranged with the assistance of the chief engineer. The emergency fire pump was located in a recessed well in the steering gear compartment, approximately 3 metres deep and accessed by an inclined stairway.

At the commencement of the test, the surveyor asked to observe the pump being started locally and operating before proceeding on deck to check the hoses rigged fore and aft. Shortly after descending into the fire pump well, the chief engineer urgently ordered the surveyor to Continue reading “Improper maintenance procedures can cost lives”

Constellation Cyber Consultancy scoops Seatrade Cyber Security Award

At the recent Seatrade Awards Virtual, (Middle East, Indian Subcontinent & Africa), held online on Wednesday 3rd November, fifteen more outstanding winners joined maritime’s greatest roll of honour and were recognised for their outstanding achievements; unwavering resilience and inspiring dedication over the last 18 months. The Seatrade Awards, which take place in association with Lloyd’s List, was sponsored this year by ADNOC Logistics & Services, Bureau Veritas and DNV.

Constellation Cyber Security, (part of the Constellation Marine Services Group), managed by IIMS Past President, Capt Zarir Irani was announced as the winner in the prestigious Cyber Security category, beating off strong challenges from CyberOwl and GTMaritime. This Continue reading “Constellation Cyber Consultancy scoops Seatrade Cyber Security Award”

Most sustainable electric Spirit yacht handed to new owner

Spirit Yachts, located in the UK, has launched its new Spirit 30. This 9.15m fully electric yacht is the company’s first hull to have flax lay-up and bio-resin incorporated into its build. Responding to demand for a smaller Spirit design, the first Spirit 30 has now been handed over to its new owner in the UK.

“The Spirit 30 is the ideal yacht for coastal or lake sailing, or competitive racing. She has all the style and beauty of the larger Spirits, with the fun-factor of a fast and easy to handle day sailor,” says Spirit CEO and head of design, Sean McMillan.

Spirit Yachts MD and head of production, Mike Taylor, adds: “Not only is the Spirit 30 much-admired and a joy to sail, but she is also the Continue reading “Most sustainable electric Spirit yacht handed to new owner”

MPC offers advice to personal watercraft regulation consultation

The Maritime Professional Council (MPC) of the UK has responded to a recent Department for Transport (DfT) consultation on whether personal watercraft (PWC) users should be subject to the same safety obligations that exist for the operators of ships.

In principle, the MPC supports the DfT’s proposals that would ensure PWC come within the scope of the Merchant Shipping Act 1995 (MSA) and has made a number of constructive observations aimed at achieving regulations that are fit for purpose.

Since being formed in September this year, the MPC has been busy working on various areas of maritime policy and has engaged with a Continue reading “MPC offers advice to personal watercraft regulation consultation”

Superyacht builders invest in ocean conservation

A group of shipyards has committed to reinvesting in the regeneration and conservation of the oceans and is urging others to join them.

Abeking & Rasmussen, Ameryachts, Baglietto, Feadship, Gulf Craft, Heesen Yachts, Horizon Yachts, Lürssen Yachts, Oceanco, Royal Huisman, Sanlorenzo, Silveryachts, Southern Wind, Tankoa, Turquoise Yachts and Vitters are the first builders so far to agree to reinvest based on the gross tonnage (GT) of yachts they deliver.

“An innovative approach towards ecological transition is about acknowledging the ocean-climate nexus and the central role of marine ecosystem conservation for a healthy planet,” said Dr Vienna Eleuteri, Water Revolution Foundation’s initiator and sustainability scientist. “I am very pleased with this group of builders taking the lead in setting up structural reinvestment by the yachting sector to regenerate our Continue reading “Superyacht builders invest in ocean conservation”

Pre-load steel surveys – recommended only for finished steel products

For their mutual members, Gard P&I Club covers the cost of pre-load steel surveys (after any contribution from charterers). Only finished steel cargos justify the costs. In this short article, the Club highlights the type of cargo that is covered by the pre-load recommendation.

As a general guideline, the Club will cover the costs involved in owners’ entries pre-loading survey on finished steel products. Accordingly, it is normally recommended that pre-loading surveys be carried out on the following products:
• Hot rolled steel in coils or bundles
• Cold rolled steel in coils, packs or bundles Continue reading “Pre-load steel surveys – recommended only for finished steel products”

Conducting an oil tanker operational risk assessment

Oil tanker operations are extremely critical due to the significant impact they can have on life, property and the environment should anything go wrong, Shipowners Club has said.

To assist in mitigating the risk involved with this trade, several measures are already in place including regulations governing the carriage of oil and the mandatory requirement for all crew to undergo specialised training courses prior to sailing on tankers.

However, despite this regulatory framework, Shipowners’ Loss Prevention Team continues to receive notifications of operational-related Continue reading “Conducting an oil tanker operational risk assessment”

Tristar Safety at Sea Conference – Promoting welfare and well-being of seafarers

Tristar Group will host its Third Annual “Safety At Sea” conference on 8th December 2021 (1330 UAE time) at the Dubai Expo Site in the India Pavilion. This continued initiative by Tristar, supported by IIMS, Nautical Institute, and IMarEST, is to draw industry and global attention to crew mental health issues and to improve the general well–being of all seafarers.

As business owners and leaders in the maritime industry, the onus is on us to take a leading role to ensure that the mental health of seafarers is no longer a taboo subject and that we create platforms to discuss and put in place an ecosystem that will enable seafarers to Continue reading “Tristar Safety at Sea Conference – Promoting welfare and well-being of seafarers”

Broadreach Marine and IIMS announce the launch of the Shipbuilding Acquaint Course

The Shipbuilding Acquaint Course has been developed by Broadreach Marine Ltd and is presented exclusively in conjunction with the International Institute of Marine Surveying, the leading worldwide professional body for the marine surveying profession. The course is recognized by the Nautical Institute for CPD points. The aim of this unique one-week online course starting from 7 February 2022 is to provide an opportunity for the student to gain an understanding of modern shipbuilding procedures, from placing a contract to delivering a completed ship.

Click to download the full press release.

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