pre-purchase
Buying Boat Insurance: The Fine Print
Know your policy details about these 6 coveragesDoes your insurance policy cover this? It all depends on the fine print. As boat owners prep for the season, it’s time to dust off the boat’s insurance policy and grab a magnifying glass to read the fine print. Unlike auto or homeowner’s insurance, recreational boat insurance has…
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TOP TIPS WHEN HIRING A YACHT SURVEYOR
It goes without saying that choosing a yacht surveyor and commissioning them for a survey is vitally important in the ongoing management of a yacht. Yacht surveys are crucial in ensuring that a vessel, whether commercial or private, is seaworthy, compliant with the relevant maritime standards and in line with all the necessary insurance and…
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SURVEYING THE SUPERYACHT INDUSTRY
Types of surveys Pre-purchase or condition survey This is by far the most common survey and will in most cases, be the most detailed and in-depth. The client is frequently a first-time buyer with little or no previous knowledge in this field and has total reliance on the surveyor’s expertise. This survey is normally, but…
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Shipping Industry Job (In)Security Causes Concern to Employees, Study Reveals
Over half of shore-based maritime employees are actively looking to change jobs and nearly two-thirds are worried about job security, a new survey shows. On March 26, 2019, Halcyon Recruitment, in collaboration with Coracle, published its 10th annual Maritime Employee Survey in which 2,800 respondents took part. The results show that 62% of shore-based shipping…
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K Line Moves Ahead with New System for Ship Hull Inspection
Japanese companies Kawasaki Kisen Kaisha (K Line) and Technos Mihara have launched a development project using “an innovative method” for ship hull inspection and maintenance by a drone and image analysis system. According to K Line, the company had difficulties in the past while inspecting ship parts that are hard to access, such as the top…
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Korean Register to Inspect Ships with Drones
Ship classification society Korean Register (KR) is now conducting inspection services using drones, responding to the industry-wide trend to use more unmanned technology. Inspections are conducted onboard, in and around ships, and many of the inspected areas are high risk and difficult to access safely. As explained, the inspections will be carried out using drones…
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Saudi Aramco, McDermott sign EPCI agreement for fabrication facility in Saudi Arabia
DHAHRAN, Saudi Arabia — Saudi Aramco has signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia. This is pursuant to a Memorandum of…
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Açu Petróleo signs contract with Equinor for ship to ship in Port of Açu
RIO DE JANEIRO — Açu Petróleo (a partnership of Prumo Logística and Oiltanking) and Equinor signed a contract for oil transshipment services at the Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro. The contract lasts 36 months, from January 2020, for the…
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Equinor Brasil president wants an open gas market according to Quest Offshore
BRASILIA — Margaret Øvrum recalls that investment depends on viability, “With a monopoly, you do not get the right price.” Norwegian Equinor (formerly Statoil), the second largest oil and natural gas producer in the country, behind only Petrobras, is waiting for a new regulation of the gas market to expand its investments in Brazil. The president…
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