(http://www.MaritimeCyprus.com) 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…
(http://www.MaritimeCyprus.com) The two long-standing companies E.R. Schiffahrt and Rickmers Shipmanagement have been consolidated under the umbrella of ZEABORN Shipping, thus combining two world-leading ship managers into one young and dynamic company that offers its clients a comprehensive cutting-edge product portfolio. The company is based in Hamburg and is bringing together Rickmers Shipmanagement, which was acquired…
(http://www.MaritimeCyprus.com) Working on a vessel can be extremely high-risk. Seafarers are reportedly up to 27.8 times more likely to suffer work related fatal injuries compared to the general shore based workforce. A recent study has uncovered new insights into seafarers’ safety and wellbeing by examining the influence of organisational safety culture. The study, conducted by…
(http://www.MaritimeCyprus.com) The “Letter of regret” is a classic piece of dry humor that has been kicking around the maritime community for a long time. We could all use a little more humor in our lives. Consider this contribution from Dennis L. Bryant. Letter of regret Dear Sirs: It is with regret and haste that I write this…
(http://www.MaritimeCyprus.com) Maritime Companies (Owners, Managers, Charterers) are increasingly concerned about achieving and demonstrating sound performance on Health and Safety, Environmental, Quality, Energy management as well as Social Responsibility issues. Video 1: Video 2:
(http://www.MaritimeCyprus.com) By Dennis L. Bryant. Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh) where they were cut apart and the…
(www.MaritimeCyprus.com) When a cancelled order freed up nine slots at the Ulsan shipyard in South Korea in late 2007, the news set off a frenzy of activity 6,000 miles away in Hamburg. MPC Capital, keen not to lose the slots, scrambled to arrange finance for its latest set of funds. Within weeks, it had a US$1.1bn…
