Monthly archive

May 2009

Shipping insurance skyrockets as pirate attacks increase

The increase in piracy off Somalia and a ten-fold hike in insurance premiums have sent the cost of sending ships through the Gulf of Aden soaring.

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US House Transportation & Infrastructure Committee holds hearing on response to piracy off the Horn of Africa

The hearings were held on May 20, 2009 in response to the attacks on the Maersk Alabama and Liberty Sun under the chairmanship of Congressman Elijah Cummings. Your editors thought the following quote summed up the situation:

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USCG issues a "Direct Final Rule" re: IAPP certificates (May 8, 2009)

The US Coast Guard issued a direct final rule adding the International Air Pollution Prevention (IAPP) Certificate to the list of certificates a recognized classification society may be authorized to issue on behalf of the United States. The rule will come into effect on August 6, unless the Coast Guard receives adverse comments on this rulemaking by June 22.

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Classification Updates

Lloyd's Register has sent us a number of Classification News alerts which point out upcoming regulatory requirements.

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Shipping firms asked to get tough on piracy (5/6/09)

Should shipowners/operators have primary responsibility for their vessels security or does the international community have a role to play?

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Ships Should Provide Their Own Pirate Defenses (5/6/09)

During recent congressional hearings, U.S. officials call for ship owner/operators to provide for their own security when transiting dangerous waters.

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MSC Signs Five-Year Pact with Charleston (5/5/09)

In a welcome turn of events for the beleaguered Port of Charleston, Mediterranean Shipping Co. signed a new agreement with the South Carolina State Ports Authority that will keep it in the port through 2017.

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Obama administration takes aim at offshore companies

One persons good corporate stewardship is another's "tax avoidance". U.S. President Obama's plan would eliminate certain tax deductions for companies and consider U.S. citizens who use tax havens such as the Bahamas or Cayman Islands guilty of violating tax laws.

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Hong Kong to host UN maritime meeting on ship recycling (4/30/09)

Hong Kong will host a diplomatic conference sponsored by a UN maritime group on ship recycling from May 11 to 15, 2009.

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