May 2010

MTI Responds to Obama's Executive Order Regarding Somalia

Last month, President Obama issued an Executive Order regarding recent conflicts in Somalia. As the ISRR wrote when the order was first released, it is unclear what Obama's intentions were in releasing it, particularly with regards to ransom payments to Somali pirates.

Now the MTI Network, the leading crisis media response firm, has published the following release in response to the order:

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Somali Pirates Release Bermuda-Flagged Vessel

[caption id="" align="aligncenter" width="480" caption="The MV Talca"]Image courtesy of www.digitalseas.com[/caption]

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Filipino Seafarers Popular Choice for Norwegian Firm, Worldwide

Norwegian based Torald Klaveness Group (TKG) announced plans to hire hundreds of seafarers from the Philippines over the next few years as it invests in new vessels in hopes of a market recovery.

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Flags Worldwide Mount Joint Opposition to EU Class Legislation

Registries around the world have expressed opposition to Brussels' proposed new classification society regulation, which would enact a universal certification of marine safety equipment once it became certified on one vessel, on the principles of sovereignty and safety.

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German Owners Flag Out

Despite the German government's commitment to industry-friendly policies, notably the tonnage tax program, shipowners are finding it more cost-effective to register their vessels with flags of convenience, particularly in the current market.

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Spain Reforms Labor Laws to EU Standards

Spain has amended legislation regarding eligibility to serve as chief mate and captain on nationally-flagged ships to comply with European Commission requirements.

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OSG Forecasts Recovery in US Flag Market

US-based shipowning firm Overseas Shipholding Group (OSG), a strong supporter of the national registry, has predicted increasing demand for US-flagged vessels over the next couple of years.

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Trend toward Longer Drydocking Intervals

For practical reasons and a result of technological progress, several leading classification societies are increasing the length of time between required drydocking inspections for vessels they survey.

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