There is apprehension that the grim news from Brussels, Berlin, Rome, Paris and Athens could lead to a weakening, partition or breakup of the Eurozone, and perhaps the European Union itself.
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As we all know the ISM Code was adopted by IMO in 1993. The Code was drafted as a self-contained document. However, its provisions were bought into force internationally when, at the Safety of Life at Sea (SOLAS) Conference in 1994, compliance with its provisions became mandatory under a new Chapter IX to the SOLAS Convention. The Code differs from other quality assurance systems in that it is mandatory; it has been amended over the years, and is generally incorporated in OPA ’90.
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In my last post I began looking at risk management and would like to elaborate further and see how this applies to shipping, the offshore oil industry, and particularly oil spills?
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Do you recognize the name Oswald Grübel? Mr. Grübel was until recently CEO of the Swiss Banking Group UBS.
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On an morning in late August, on the Aegean Sea near the Turkish port of Bodrum, a number of us joined the crew of the Exploration Vessel Nautilus in search of ancient shipwrecks.
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The United States has granted Royal Dutch Shell conditional approval of its plan to begin drilling exploratory wells in the Beaufort Sea, off the North Slope of Alaska, next summer.
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There is growing evidence that the American campaign against Somali "militants" - the current term applied by the great and the good to all sorts of thugs - is having an impact on anti-piracy countermeasures.
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Maritime history buffs may remember the story of the Marie Celeste, a sailing ship found abandoned in the Atlantic Ocean, which seemingly had managed to sail for months without reaching land, and whose crew were mysteriously absent. To this day, her mystery remains the subject of speculation.
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I have a friend (let's call him Larry, though that's not his real name) who is a well-known lawyer specialising in ship finance in the States. Of a pronounced gloomy worldview, as befits his Polish heritage, he was one of the few skeptics I know who warned of a gathering economic storm, back before the Lehman Brothers collapse.
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The true state of the world economy was shown on August 1, with the release by JPMorgan of a series of indicators making up the global manufacturing purchasing managers’ indices (PMI).
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