S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger
By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
Lloyd’s Register has issued the first ILO Maritime Labour Convention (MLC 2006) certificate of compliance “pre-convention”, or ahead of entry into force, to Marshall Islands-flagged tanker Kraslava, operated by the Riga-based LSC Shipmanagement SIA.
The Marshall Islands was the first to help the ships in its registry to undergo the inspection process by completing part one of the Declaration of Maritime Labour Compliance process. Following an on-board inspection in Amsterdam, the MLC certificate was awarded on December 22 to the master of Kraslava.
The Maritime Labour Convention 2006 (MLC 2006) requirements will apply to all ships which trade internatnionally, replacing 40 existing conventions and 29 regulations, and will provide seafarers with fair terms of employment and guarantee them safe, secure and decent living and working conditions on board ship. Shipowners will benefit from having a clear, consistent set of standards with which all must comply.
Ratification of the convention is expected by the middle of this year, paving the way for entry into force by mid-2012.
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