Monthly archive

March 2015

The state of scrapyard flags: A serious economic incentive. But is it worth the trouble?

Until the 1960’s, shipbreaking generally occurred in industrialized nations.  However, environmental and human safety regulations jolted the industry when the Basel Convention, IMO, and ILO required newer, mechanized procedures for shipbreaking in the European Union. 

Bermuda Ship Registry secures fourteen commercial Team Tankers vessels

Earlier in 2015, Team Tankers International simultaneously registered of its vessels with the Bermuda Shipping Registry, according to a news source in Bermuda.  There were several possible explanations for why Team Tankers chose Bermuda, most all of which attest to the positive and reputable performance of Bermuda’s Department of Maritime Administration (DMA):

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Marshall Islands fleet sees staggering growth rates continue into 2015

The size of the Marshall Islands fleet tells a Cinderella story about one of the most modern open registries in the world today, Clay Maitland’s International Registries Inc. (IRI).

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LISCR appoints Gerry Buchanan as managing director for Hong Kong

Having recently retired as president of Genco Shipping & Trading, Gerry is taking on a new and different career. We wish hall the best.

From the LISCR press release:

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A Tale of Two Subsidies: Nigeria’s valiant domestic shipping initiatives look like night and day

Over the past decade, the Nigerian government has committed to two initiatives aimed at strengthening the nation’s maritime sector, one for its local seafarers and the other for its commercial fleet.  While some major African online media sites are reporting that its domestic seafarers’ training subsidy program is succeeding with flying colors, there seem to be dubious politics

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