The pollution to the remote shores of Nightingale Island off Tristan da Cunha after the wreck of the two year old bulker Oliva is particularly nasty in that it is a large breeding ground for rare sea birds, hundreds of which have been fatally oiled. Continue reading
After the fun of CMA at the beginning of last week, it was back to New York and the Capital Link Partner finance conference on Thursday.
My speech was an elaboration of my favourite topic over the last twelve months- risk management.
When there is an oil spill, the industry has been caught on the back foot by the cost of government intervention.
Those who say that the Deepwater Horizon episode was irrelevant to the tanker industry are incorrect, in that the greatly increased costs to the principal defendants – BP, Halliburton and Transocean – serve as a cautionary tale for tanker vessel operators as well.
The potential commercial impact of regulatory pressure on the shipping industry has become much greater in the past year. Last April 20th’s Deepwater Horizon oil… Continue reading
It may look all smiles but this was actually a pretty serious piracy debate. Watch this space for an edited version in the next few days. Continue reading
One of my twitter followers, @zouthapper submitted a couple of questions for our piracy panel and I thought I would answer them with a blog post rather than try and condense it to a concise 140 characters. Continue reading
I will be taking to the stage today to take part in a panel discussion at CMA that looks at piracy and what can be done to stop it.
Readers around the world can view the webcast live at the following link: http://www.ustream.tv/channel/piracy—the-scourge-worsens?lang=0
You can also see my interview with Tradewinds TV at yesterday’s conference here Continue reading
It seems sinful, in the face of the tragedy unfolding in Japan, to relate today’s news to commercial matters.
But as CMA Shipping 2011 kicks off in Stamford, there is, however, much to reflect on in the dramatic events of recent months. Continue reading
LNG is rapidly becoming established as the “acceptable alternative” in the spectrum of marine fuels, with heavy fuel oil being regarded as too filthy for the future and distillates likely to break the bank. This might seem strange if you try and buy the stuff, as it is singularly unavailable at present, outside the environs of Oslo (where the best buses are so propelled) and a few remote ferry berths where some small craft operate in the clean air of the fjords. Continue reading
The oil price crunch that is now upon us, together with tougher emissions regulation, are a “double whammy” for operators, engineers and yards. Continue reading
This month, at the IMO Sub-Committee on Ship Design and Equipment, there is a chance for distinguished delegates to make an immediate impression on the number of seafarers killed or injured in lifeboat accidents. Continue reading
Frank Dunne, Chairman of Watson, Farley & Williams, a major London maritime law firm, has warned that “a lot of owners pay lip service to environmental issues. The industry needs to change, or it will face serious consequences”. Continue readingkeep looking »