Top News
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Abu Dhabi inaugurates new port to boost trade
Abu Dhabi Ports Company, the master developer of ports and industrial zones, has announced the inauguration of Delma Port, located about 40km off the coast of the Western Region of Abu Dhabi.
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Abu Dhabi Ports Officially Inaugurates the 170 million Dirham New Delma Port
Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in “Al Dhafra Region”, H.E. Staff Major General Pilot Faris Khalaf Khalfan Al Mazrouei, Chief of the General Authority for the Security of Ports, Borders and Free Zones, and Board Member of Abu Dhabi Ports, officially inaugurated Delma Port today. Strategically located on the eastern side of Delma Island, the new port will better serve the community as an upgraded multipurpose port capable of handling cargo, passenger ferries and fishing vessels.
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Damen successfully organises Dredging Seminar in Bangladesh
Damen successfully hosted a dredging seminar in Dhaka, Bangladesh. The event was attended by over 100 enthusiastic representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions, various customers of Damen and other industry stakeholders.
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Maritime industry experts to discuss cyber security
WannaCry cyberattack and other huge IT outages prompt warnings on vulnerability of shipping industry, as cost of average attack rises to US$4 million per incident
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Azimut Yachts Worldwide Premiere at the Cannes Yachting Festival 2017
Azimut Yachts Worldwide Premiere at the Cannes Yachting Festival 2017
Classification
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Digitalizing class services
The digital transformation of assets and information flows is currently one of the greatest changes in shipping, spurring automation of existing processes and functions and positively impacting upon safety and environmental performance. Ships are becoming sophisticated sensor hubs and data generators, and advances in satellite communications are improving ship connectivity, allowing for a massive increase in the volumes of data transferred at ever-lower cost.
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Digitalizing class services
The digital transformation of assets and information flows is currently one of the greatest changes in shipping, spurring automation of existing processes and functions and positively impacting upon safety and environmental performance. Ships are becoming sophisticated sensor hubs and data generators, and advances in satellite communications are improving ship connectivity, allowing for a massive increase in the volumes of data transferred at ever-lower cost.
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APL reduces CO2 emissions by 48% since 2009
Container line APL has reduced its CO2 emissions by 48% since 2009.
Insurance
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United Arab Emirates: The Unintended Consequence Of Insurance
Last week, the UK's Supreme Court gave a decision by the closest of margins (3 to 2) which will have significant implications for Middle East projects where the parties have agreed a common approach to insurance.
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China central bank told by Xi to play bigger role in managing financial risk
China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that ended.
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Singapore Shipping Association to increase focus on marine insurance
A leader of the Singapore Shipping Association (SSA), an organisation composed of the country’s shipowners and members of allied industries, said that the group will focus its efforts on improving the field of marine insurance to better protect its members and further Singapore’s status as a global maritime hub.
Offshore - Oil & Gas
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Global Energy Giants To Convene At ADIPEC For Dialogue On...
World energy leaders will converge in the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference, Adipec 2017, to discuss an unprecedented number of opportunities for strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends.
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Lebanon Eager To Award First Offshore Contracts, Become Gas...
Lebanon, a country that unlike many of its neighbors has faced high energy prices for a generation, wants to become a natural gas exporter by the end of this decade.
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GE Oil & Gas and Eni East Africa sign long-term...
GE Oil & Gas has signed a long-term agreement to collaborate with Eni East Africa (EEA), on the offshore Mozambique developments it operates
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Iran and Saudi Arabia offer clashing accounts of offshore...
Iran says Saudi navy opened fire on fishing boats as Saudi navy says it captured boat and detained three members of Revolutionary Guards
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UTEC AUVs set to support Saipem at Zohr offshore project in...
Italian oilfield contractor Saipem has contracted UTEC, a global survey company in subsea services group Acteon, to support Saipem’s operation for deepwater Zohr gas field development project in Egyptian sector of the Mediterranean sea
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Italy's Eni to explore offshore block in Oman
Italian major Eni has acquired rights over the only maritime block offered during Oman’s latest licensing round, launched late last year, according to a report by Your Oil and Gas News.
Ports
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DP World and Indonesian government sign agreement to develop port and trade...
An agreement was signed Sunday between global trade enabler DP World and Indonesian government and port officials to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra.
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Dubai group wins French port management contract
Dubai-based P&O Ports, a leading shipping and ports services provider, has won a three-year management contract to operate the container terminal in the Port de Sète in the south of France under an agreement which can also be converted to a long-term concession in the future.
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COSCO Shipping signs agreement with DP World Australia
COSCO Shipping Lines has made DP World Australia its preferred stevedore of choice on its major services into Australia, after inking a new agreement.
Finance
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Expect Crude oil to trade sideways: Sushil Finance
According to Sushil Finance, expect crude oil prices to trade sideways on the back of profit booking after up move.
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“Finance friendly” France scores late points in Brexit bank contest
A government push to make France more “finance-friendly” is raising Paris’ chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said.
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ING bank says it will not finance major Canadian pipeline projects
Dutch lender ING Groep NV has said it would not finance any of Canada's major pipeline projects, including TransCanada Corp's Keystone XL and Energy East and Enbridge Inc's Line 3, after pressure from activists.
Shipping
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Greece As A Shipping Cluster Needs More Work To...
Over the last decades, the global shipping industry has been one of the major factors of the globalization process. At the same time, the shipping industry is itself being transformed by growing international trade, market integration and the shifting balance of economic power from developed economies to rapidly growing lower wage economies. As shipping-related economic activities are also becoming more globalized, cities and states have to compete to attract international maritime companies.
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OPEC, Non-OPEC Global Oil Supply
The 13 OPEC countries produced about 36.4 MMbbl/d of crude oil and condensate in 2016, the highest in the past several years. Threatened by the U.S. shale boom, the group led by Saudi Arabia decided to fight for market share in 2014, resulting in an industry downturn as oil prices completely collapsed.
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More VLCCs tankers use for crude oil storage
Yet another time in recent months, oil tankers are being used for oil storage. In its latest weekly report, shipbroker Charles R.
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Ethiopia eyes role in DP World-managed...
Country is in talks to acquire a 19% stake in joint venture administering Berbera port
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Saudi energy minister says no immediate need to...
There is no evidence a pact by global oil producers to curb output needs to be adjusted, Saudi Arabia’s Energy Minister Khalid Al-Falih said on Saturday, describing the recent weakness in crude prices as an overreaction to statistical glitches.
Legal & Regulations
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EU MRV Regulations
The European Union Monitoring, Reporting and Verification (EU MRV) of CO2 emissions from maritime transport regulation entered into force in July 2015. The regulation contains three parts
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Ballast water saga: regulation requiring chlorination causes confusion
A number of indications suggest that shipping compliance in Argentina can be stressful. The requirements for operators regarding inward clearance are usually unclear and patience is required to understand how regulations are likely to apply.
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Port Klang used as dumping ground
Millions of ringgit in storage and disposal costs are lost due to irresponsible parties making Malaysia their dumping ground for unwanted waste.
Environment
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NGT notice to Centre on air pollution caused by ships
A plea alleging rising air pollution by diesel-run ships in the Indian territorial waters today prompted the National Green Tribunal to seek replies from the Centre and others.
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European shipowners welcome the progress made at the IMO environmental meeting
ECSA representing the European shipowners believe that important progress was made last week at the International Maritime Organziation’s (IMO) Marine Environment Protection Committee (MEPC) meeting.
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Shipping Losses Continue to Drop Despite ‘Perfect Storm’ Risk Environment
Shipping losses dropped 16 percent overall in 2016, amounting to a 50 percent decrease in the last 10 years, according to a new report. Despite the positive news, a “perfect storm” risk environment continues to plague the industry due to political instability, regulatory constraints and increasing cyber risk, the report says.
Education
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Oil response course accredited
Danish oil recovery solution manufacturer DESMI has obtained Nautical Institute accreditation for its IMO Oil Pollution Preparedness and Response (OPRC) training courses, allowing it to claim to be a ‘one-stop shop’ for its customers around the world.
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Effective onboard training on the Ballast Water...
Following the ratification of the Ballast Water Management Convention in September 2016, Seagull Maritime has worked towards releasing a revised onboard course, as well as a completely redesigned e-learning module. Using the latest technologies and a combination of different media, these ensure your crew are fully prepared for compliance with the requirements.
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WISTA International and Institute of Chartered...
Women’s International Shipping and Trading Association (WISTA International) and Institute of Chartered Shipbrokers (The Institute) are partnering to increase the professional competence and enhance educational opportunities for women in the maritime industry.
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Fremont Maritime merges with MITAGS-PMI
Seattle-based Fremont Maritime Services has merged its wide range of Coast Guard-approved basic training and safety programs, including its India Tango Marine Firefighting Training Program, into the larger MITAGS-PMI educational organization.
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USA officials talk future
Utica Shale Academy officials are looking at ways to enhance the shale program so students can benefit even more — both in the classroom and eventually the workplace.
Women in Maritime
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E.U. Ministers Agree Maritime Transport Policy
E.U. Ministers of Transportation sent a strong signal of continued support for the European maritime sector at a meeting of the Council of Ministers this week and adopted their priorities for the maritime transportation policy until 2020.
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Tototheo Maritime’s CEO included in the 10 Women to Watch in the shipping industry List
Despina Panayiotou Theodosiou, CEO of Tototheo Maritime has been included in the 10 Women to Watch in the shipping industry, during the NorShipping Exhibition, one of the leading shipping events globally, that is held in Oslo from 01-04 June 2017. The list was compiled by Nor-Shipping and Youngship International and includes 10 women under 40 years old who have shown commitment to the industry and its development, are engaging and sharing knowledge and showing leadership skills.
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Hingham Maritime Center announces new president
Hingham Maritime Center’s Board of Trustees recently announced that long time board member Nancy Clapp Kerber has been chosen to serve as President of the Board. Kerber succeeds Rick Pedone, who joins Peter Dolphin as co-chair of HMC’s Capital Campaign.
Techonology
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Oil and Gas Technology Centre backs North Sea projects
A new oil and gas technology body is to co-fund three projects which aim to slash the cost of inspecting and maintaining offshore infrastructure.
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From the limited capabilities to send SOS messages to full video streaming and...
New technology always contributes in making a positive difference in our lives. For many years, we have enjoyed the wide broadband internet connectivity that made our lives much easier. Through this technology, the whole world became a small village in our hands. We were privileged enough to witness this revolution and enjoy “what is possible” in the broadband satellite connectivity world. However, 5 years ago this was not the case for people who were working in the sea and spending long time off land. They had very limited connection services, they could only send the SOS messages, text emails without attachments and very limited browsing ability.
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Three European firms join robot ship project
Three European companies are to work on a pioneering project to build a fully-automated supply ship, the French member of the scheme announced.
Lifestyle
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My Song: The Baltic sailing yacht that’s music to...
My Song’s designers, Mario Pedol and Massimo Gino, call this a “Dr Jekyll and Mr Hyde boat”. That’s almost true, except for one important distinction: Dr Jekyll spent a lifetime trying to repress his inner beast. Here, they’re trying to harness it.
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GULF CRAFT DELIVERS THE SUPER MAJESTY 100 (M/Y...
Gulf Craft has delivered the first Majesty 100 superyacht (M/Y Nahar) to its new owner, company executives have revealed.
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10 Exclusive things you will find in Maldives
Scuba diving - Scuba diving is open for beginners and pros alike in the Maldives. There are hundreds of dive centers and dive schools offering world-class diving courses. These dive centers will offer the services of PADI licensed instructors, who will be eager to teach you the skills of scuba diving. Once you complete an open water dive course or scuba diver course in the Maldives, you will be certified to dive anywhere in the world, as these courses are licensed by PADI.
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10 reasons why a Business Traveller should stay...
Due to increasing demand, Taiwan has gradually been increasing MICE venues that meet international standards to add to the already existing TWTC Hall 1
Dredging
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Oil edges above $49 on U.S. drilling slowdown
Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts.
U.S. drillers added two oil rigs in the week to July 14, bringing the total to 765, Baker Hughes said on Friday. Rig additions over the past four weeks averaged five, the lowest since November. -
‘Reach’ reviews dredging of river Jhelum
‘Reach Dredging Ltd’ which is busy in dredging the river Jhelum from Srinagar to Baramulla, Tuesday held meetings to review the progress of the work of dredging at various places.
Managing Director ‘Reach’ Sunil Patwari convened the meetings at Srinagar and Baramulla, a statement said. -
Dredging of Kankra khadi in Udhna, Athwa zone to...
Surat Municipal Corporation (SMC) plans to undertake dredging of Kankra creek in two phases. The dredging of the 4.5 km creek area would be done at the cost of Rs 10.5 crore for increasing its water carrying capacity. The sand and muck from the creek will be used for filling up land on both sides of the creek to make land usable.
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USPA, Novadeal LTD to sign contract for...
The Ukrainian Sea Ports Authority (USPA) will sign the agreement with Novadeal LTD (subsidiary of the DEME Group, Belgium) to conduct operational dredging of the internal water area and the internal approach channel of Yuzhny port.
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USPA, Novadeal LTD to sign contract for...
The Ukrainian Sea Ports Authority (USPA) will sign the agreement with Novadeal LTD (subsidiary of the DEME Group, Belgium) to conduct operational dredging of the internal water area and the internal approach channel of Yuzhny port.
