Business

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HOW TO ENSURE SUSTAINABLE SHIP RECYCLING GLOBALLY

As required under the European Regulation on ship recycling, the European Commission recently published a report on the feasibility of a financial instrument that would facilitate safe and sound ship recycling. Questions were raised on a number of issues, including the compatibility of such a financial instrument with E.U. and international law, …

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SALVAGE TUG TAKES M/V CHESHIRE IN TOW

Salvors with Resolve Marine have secured a tow line to the stricken bulker Cheshire, which has been drifting unmanned off the Canary Islands for over a week. On August 12-14, the Cheshire’s cargo of 40,000 tonnes of fertilizer overheated and began to emit clouds of fumes, forcing her crew to evacuate by helicopter. Persistent hazardous …

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STOWAWAYS – THE PROBLEM PORTS

West of England P&I Club reports that it has 60 cases involving 220 stowaways in the past 12 months, costing over $1.6 million to resolve. African ports continue to be the major problem areas for stowaways, with Lagos, Nigeria being the most prolific African ports. In recent years the Club …

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