Top News



  • Insurers await hull, clean-up claims from burning tanker

    Multiple marine hull and protection and indemnity insurers face claims from the collision of a tanker carrying Iranian oil and a cargo ship about 160 miles off China’s east coast on Sunday, which caused major damage and sent oil into the sea.

  • Cyber risks and the maritime industries: risk identification, mitigation and...

    Maritime industries are becoming increasingly reliant on technology and the use of data. On the one hand, this represents a shift towards industries that are safer, more efficient and more profitable – prime examples being the increasing use of e-bills of lading and automated systems for the operation of container ports. However, this greater reliance on technology also brings with it a range of increased risks.

  • Liquefaction leads to yet more loss of life and total losses

    The recent loss of Emerald Star in September this year, with the loss of another 10 seafarers lives, and the sinking of the Bulk Jupiter in 2015, with the loss of 18 lives, should remind us all of the inherent risks in transporting potentially hazardous goods such as nickel ore. Since 2009, there have been at least nine total loss cases attributable to liquefaction, resulting in the loss of over 100 lives.

Offshore - Oil & Gas

  • Belize Bans Offshore Oil and Gas Exploration

    In the closing days of 2017, as the Trump administration drafted a proposal to open most U.S. waters to oil and gas development, the legislature of Belize unanimously approved a bill to ban future offshore exploration. 

  • Investment of $83.4bn in top ten offshore gas projects

    Over $186bn in capital expenditure will be spent over the lifetime of the top 10 offshore gas projects to produce 299 trillion cubic feet (tcf) of natural gas, according to research and consulting firm GlobalData. These 10 projects, selected from 156 upcoming offshore projects globally, will contribute incremental capacity of 15,200 million cubic feet per day (mmcfd) to global gas supply by 2025. Barzan, a planned shallow water field in Qatar, is the largest with anticipated peak production at 5,580 mmcfd in 2030 at an estimated cost of $17bn.

  • Exxon Strikes Oil Offshore Guyana

    ExxonMobil announced Friday that its successful run of oilfield discoveries offshore Guyana continued in the last quarter with positive results at the Ranger-1 exploration well. Previous finds at the firm's Liza, Payara, Snoek, Liza Deep and Turbot wells are estimated to contain more than 3.2 billion barrels oil equivalent.

  • Saudi company wins Fadhili gas plant supply deal

    Electronic and Electrical Industries Corporation (EEIC), a power and automation solutions provider and a subsidiary of Abunayyan Holding, has won a major supply contract for the Fadhili gas plant project in Saudi Arabia.

  • KOC floats tenders for offshore oil exploration – Boost in...

    Kuwait Oil Company (KOC) in an unprecedented move has floated tenders for offshore oil explorations, reports Al-Anba daily. The daily quoting informed sources explained that contracts are expected to be signed in the second half of 2018 for implementation of the project. He explained the internal tenders committee at KOC went ahead and floated tenders for offshore oil explorations without resorting to the Central Tenders Committee based on specific conditions stipulated in the new Tenders Law.

  • Spectrum increases 2D seismic coverage offshore Argentina

    Spectrum, in partnership with BGP Marine, has started a multi-client 2D seismic survey covering the Austral and Malvinas basins offshore southern Argentina. Through the authorization of the Ministry of Energy and Minerals, the expected survey size is about 14,500 km (9,010 mi) but may vary based on input from participating clients.




  • DP WORLD marked Monday its 10-year public listing...

    DP WORLD marked Monday its 10-year public listing on Nasdaq Dubai with a ceremonial event at the Dubai Financial Market (DFM), attended by Sultan Bin Sulayem, chairman and CEO of DP World, Essa Kazim, governor of the DIFC and chairman of DFM, and Hamed Ali, CEO of Nasdaq Dubai.

  • Cement Carrier Lelie C returns to Damen...

    Two years after its previous visit the Lelie C, owned by Cebo Marine, has left Damen Shiprepair Oranjewerf (Oranjewerf) following a full maintenance programme and a significant upgrade to its cement carrying capacity. The three-week stopover included a full survey and a range of repairs and maintenance to prepare her for more years of reliable service.  

  • Bahri Dry Bulk secures SAR 360 mn financing from...

    New vessels being built by Hyundai Mipo Dockyard will be used to cater to the growing demand for the import of essential grains into Saudi Arabia

  • Hyundai Heavy sets 2018 sales target at KRW 7.98...

    Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said that it aims to achieve KRW 7.98 trillion in sales this year as its president warned of an unprecedented crisis due to declining order backlogs.

  • Tankers: The rate of newbuilding deliveries will...

    Ship owners active in the tanker market have entered 2018 in a numb state, as they have been looking for some positive news, after what proved to be a more than challenging year. In its latest weekly report, shipbroker Gibson said that “2017 was always expected to be a challenging year, however, for the crude sector at least, the first half of the year generated reasonable earnings. In contrast, product tankers suffered heavily during the first six months, but did at least witness increased volatility later in the year. 2018 looks set to be another painful period for tanker owners, with a continued wave of new tonnage and potentially challenging demand conditions”.

Legal & Regulations

  • Anti-piracy mission helps China develop its blue-water navy

    China’s 27th and 28th naval escort task forces have recently completed their mission handover in the Gulf of Aden. Anti-piracy operations by the People’s Liberation Army Navy (PLAN) have become a constant in the area. And this has both immediate and long-term strategic implications for Beijing’s military projection away from its traditional perimeter of action in East Asia.

  • US Proposes Easing Offshore Oil Drilling Safety Regulations

    The U.S. Interior Department on Dec. 28 proposed eliminating some safety regulations for offshore oil and gas drilling that the Obama administration put in place after BP’s massive Gulf of Mexico (GoM) oil spill, a move it said would reduce “unnecessary burdens” on industry.

  • Seafarer shore leave gets extra protection from 1 January 2018

    Seafarers' rights to shore leave have been strengthened through amendments which enter into force globally on 1 January 2018, under the revised treaty which aims to achieve the smooth transit in ports of ships, cargo and passengers. 



Women in Maritime




  • Bids sought from advisors for sale of Dredging...

    The government today invited bids from transaction advisors for the sale process of three PSUs, including Dredging Corporation of India

  • Canal dredging needs to be on a reliable schedule

    Dredging of the San Rafael Canal, an important commercial and recreational waterway, should be routine maintenance, regularly scheduled by the city and the Army Corp of Engineers.

  • Centre scouting for asset-valuer for Dredging Corp

    Unperturbed by workers’ protests and agitations — including an employee reportedly ending his life — the Centre is proceeding with the privatisation of Dredging Corporation of India Ltd (DCI), seeking bids to hire a firm to value the assets of the Visakhapatnam-based company.

  • Dredging underway in Muriganga ahead of...

    The state Irrigation department is carrying out a massive dredging work in Muriganga ahead of Gangasagar Mela on Sagar Island to ensure round the clock operation of vessels to ferry pilgrims from mainland to island and vice versa. Lakhs of people from different parts of the country visit Sagar Island to take a holy dip at the confluence of river Ganga during Makarsankranti every year. The state government makes an elaborate arrangement to ensure that the pilgrims do not face any inconvenience while they are headed towards Sagar Island and their safe return. 

  • CPA to dredge Karnaphuli River lightering jetties

    The Chittagong Port Authority (CPA) will undertake a Tk 2.42 billion ($29.1 million) capital dredging project to dredge the Karnaphuli River, which will enable four lightering jetties to start functioning – something that will help reduce congestion at the country’s prime seaport.