(New) Maritime Security Transit Corridor for Gulf of Aden, Bab-el-Mandeb and the Southern Red Sea announced

Recent attacks against merchant shipping in the Gulf of Aden and Bab Al Mandeb have highlighted the risks associated with transiting these waters.  The multiple types of risks and the broad expanse of ocean on which these attacks can occur dictate that Naval Forces must be used in the most efficient manner possible.  To assist…

LNG: the meeting point for Marine, Transport & Energy sector in Cyprus, Sept. 29th 2017, Limassol

EU co-financed Programs POSEIDON MED II and newly launched CYnergy, are joining forces to explore potential synergies between marine, transport and energy sector, arising by the use of LNG. The Conference entitled “LNG: the meeting point for Marine, Transport & Energy sector in Cyprus”, will be a platform of discussion between government and EU officials,  local authorities, international organizations and…

Controversy Rises Again over Future Prospects of Shipbuilding Industry

Controversy over future prospects of the shipbuilding industry is rising again. This has come after Hyundai Heavy Industries lost an ultra large container vessel (ULCV) deal to Chinese shipbuilders. According to shipbuilding industry sources on September 6, SK Securities, including analyst Ahn Young-jin, released a 52-page research paper under the title of the “Effects of…

ISO 37001 – Anti-bribery management systems in Shipping

Bribery is one of the world’s most destructive and challenging issues. With over US$ 1 trillion paid in bribes each year (source: OCDE), the consequences are catastrophic, reducing quality of life, increasing poverty and eroding public trust. Yet despite efforts on national and international levels to tackle bribery, it remains a significant issue, especially in the maritime/shipping…