Enforcement of the ILO Maritime Labour Convention in EU Law

Following a public consultation on the enforcement of the ILO MLC in EU law, in which the shipping industry indicated that it did not consider additional or specific EU rules for compliance and enforcement necessary, the European Commission, nevertheless, proposed that two new Directives should be adopted, as per below:

Developments in Greece

Although in its 6th year of recession, with unemployment running at 27%, and, shockingly, over 64% unemployment amongst its youth, Greece's economy is showing the first welcome, albeit faint, signs of recovery.

Fleet Statistics

THE WORLD FLEET

According to Lloyd's Register-Fairplay data, as of March 22nd, 2013, the world fleet of self-propelled, sea-going merchant ships, greater than 1,000 gross tons (GT), stood at 50,450 ships of 1,239,068,857 gross tons, including 4,631 ships, of 229,309,148 gross tons, on order.

PwC's 4th Annual Shipping Industry Briefing: Raising capital in the real world

PwC's annual shipping industry briefing, which took place for the fourth year in a row at the Yacht Club of Greece, focused on examining the sources of finance that are currently available to the Greek shipping sector.

Piracy: IMB Quarterly Report

The International Chamber of Commerce (ICC) International Maritime Bureau's (IMB) latest quarterly report on Piracy and Armed Robbery Against Ships recorded a total of 66 incidents worldwide in the first three months of 2013.

MPA and ITOPF renew a MOU to expedite oil spill compensation claims

The Maritime and Port Authority of Singapore (MPA) and the International Tanker Owners Pollution Federation Limited (ITOPF) have renewed a Memorandum of Understanding (MOU) aimed at expediting the processing of oil spill compensation claims.