Monthly archive

March 2013

Cyprus Officials Affirm 'Business As Usual'

Both the Cyprus Department of Merchant Shipping and Shipping Chamber have issued statements affirming they will remain open for business despite public questions raised by the state's current financial situation.

Nigerian Shipowners Unable to Secure Funding Despite Cabotage Legislation

Nigerian shipowning companies have found themselves struggling to secure funding in recent years.

The primary reasons for this stagnation include a lack of jobs available and an inability to enforce cabotage laws designed to protect Nigerian owners.

New Zealand Reflagging Process Efficient

Maritime New Zealand's recent reflagging of a foreign-chartered vessel into its registry demonstrates the system's efficiency.

The registry incorporated the Ukranian FV Mainstream, previously flagged in Dominica, into its fleet March 6, 2013 following the accomplishment of these requirements:

EU Agrees to Cyprus Bailout

The EU has agreed to bail out its member state of Cyprus in a deal reached this past Monday.

Finance ministers from the 17 member states within the Euro zone approved to a bailout package that will reduce Cyprus' banking industry in exchange for keeping some of its largest banks in business.

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Shipowner Outlines Maritime Labor Convention

The following article by Captain Bally Duggal of Sanko Kisen Corporation originally appeared in the February 2013 edition of the Connecticut Maritime Association Newsletter.

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Panama Enhances Reputation in Registry Market

Panama's commitment to improving its record has seen the flag "shed its negative reputation."

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One on One with Registries at CMA Shipping

As is customary the OGSR staff took time to speak with representatives from the various ship registries throughout CMA Shipping this past week.

MLC, Regulations Discussions Continue at CMA Shipping 2013

Maritime regulations including the upcoming Maritime Labor Convention (MLC) continue to serve as a major discussion theme at Shipping 2013.

CMA Shipping 2013 Underway

CMA Shipping 2013 has kicked off to an excellent start.

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Registries Speak About Marshall Islands Maritime Amendment Act

Following the Marshall Islands announcement of its Maritime Amendment Act, the OGSR followed up with other registries to see if they had adopted or planned to implement similar legislation.