Top News
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New shipping line to link Omani ports with Iraq
Asyad Group has announced the launch of the first shipping line between Oman ports and Iraq’s Umm Qasr Port. This notable move bolsters the Group’s efforts to expand the maritime transport network between Oman and the world, facilitate cross-regional trade, boost direct export and import and provide logistics solutions to its customers.
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ADNOC enters VLCC sector with acquisition of Hunter pair
UAE-based Adnoc Logistics and Services, the shipping unit of Abu Dhabi National Oil Company, has acquired two VLCCs from Norwegian owner Hunter Group, marking its entry into the VLCC tanker segment.
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PORT OF FUJAIRAH EXPANSION CONTRACT AWARDED
Plans for the expansion of the Port of Fujairah are taking shape with the awarding of a design-and-build contract to boost bulk handling capacity and operational efficiency.
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Dubai-Based Start-up Targets Ship Owners with AI Paint Maintenance App
A Dubai-based start-up has unveiled an AI-powered app that aims to disrupt the paint maintenance industry.
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Itaqui Port expansion to drive trade with Arab countries
Modernization work at the Port of Itaqui in Maranhão, Brazil will enable added trade with the Arab countries.
Classification
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Mitsubishi Shipbuilding receives BV approval for new LNG fuel system
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has been granted a new approval in principle (AIP) *1 by Bureau Veritas (BV), a world leader in testing, inspection, and certification.
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China Classification Society hails strong annual performance as serviced fleet grows to 155 million GT
China Classification Society (CCS) grew its serviced fleet to 34,974 vessels in 2019, marking another strong annual performance for the Beijing-based group.
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Lloyd’s Register awards Digital Safe Security certification to Evergreen for its 12k TEU containership newbuilding
Ever Forward has been built to class in line with LR Digital Ship notations with elements of SVESSEL certified against LR’s Digital Safe Security notation
Insurance
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New sanctions regimes and compliance issues for marine insurers
There has never been greater focus by sanctions authorities on the maritime sector, with increasing pressure on owners, operators and insurers to adopt ever more extensive due diligence and compliance checks in order to manage these changing and complex risks.
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Steamship Mutual Europe opens office in Limassol, Cyprus
On 6 October Steamship Mutual Europe was delighted to welcome at their office in Limassol Mr. Vassilios Demetriades, the Shipping Deputy Minister.
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IUMI:Marine Cargo Insurance Market “Improving Amid Significant Change"
Sean Dalton, Chair of IUMI’s Cargo Committee reported the majority of marine cargo markets geographically can best be described as “hard” or “improving” amid significant change.
Oil & Gas
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TGS Adds to Offshore Nigeria Data with New Coring Project
TGS, a leading provider of multi-client geoscience data for exploration and production companies, today announced the recommencement of the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previously completed analysis of multibeam and backscatter data. This survey is being conducted in conjunction with Nigerian joint venture partner TGS-PetroData.
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Global oil supply and demand to rebalance by end 2021 –...
Occidental Petroleum Corp expects global oil supply and demand to rebalance by the end of 2021, its chief executive told the Energy Intelligence Forum on Wednesday.
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China’s strong Sept crude imports are more bearish than...
China’s imports of crude oil stayed above 11 million barrels per day (bpd) for a fifth straight month in September, something that sounds bullish for the market but in reality is far more likely to be bearish for coming months.
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ECO to build two Damen-designed tugs
Edison Chouest Offshore has contracted Damen Shipyards Group to design a new offshore terminal tug
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Singapore LNG Terminal to get total solar power
The new 600 kilowatts peak (kWp) system is expected to generate about 800 MWh of electricity
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Total and Mitsui O.S.K. Lines officially name the world’s...
The bunker has been officially named Gas Agility
Ports
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Belgian and Dutch inland ports plan to establish a single shore-based power...
The Port of Rotterdam Authority, the Port of Amsterdam, North Sea Port Netherlands, Drechtsteden, the Port of Antwerp and De Vlaamse Waterweg intend to set up a single shore-based power system for inland shipping and the river cruise industry.
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Developing Mega Container Port in Saudi Arabia
Efforts are proceeding to develop Saudi Arabia’s King Abdulaziz Port Dammam (KAPD) into a mega container terminal and regional hub for shipping.
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Construction begins for the new Ivory Coast Container Terminal
Following the signing of the contract with the China Harbour Engineering Company (CHEC) in August, construction works have now officially begun for the Côte d’Ivoire Terminal (CIT), Abidjan’s second container terminal, which is expected to be operational at the end of 2021.
Finance
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BIMCO Highlights Spike in Long-Term Freight Rates Far East to U.S.
Long-term freight rates are on the rise according to a new analysis from BIMCO. While the increase in long-term freight rates is in line with BIMCO’s expectations given the current strength of the spot market, they note that since most containers are shipped on long-term contracts the rate increase is more significant for shippers and contributes to the profitability of the carriers.
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Baltic index marks worst day in 2 months as capesize rates dip
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday to mark its worst day in over two months, hurt by falling capesize rates.
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Container losses: The Swedish Club identifies the catalysts
The Club’s statistics show heavy weather to be the major immediate cause of container losses
Shipping
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V.Group and Costamare Shipping Company S.A....
Global ship management and marine support services provider V.Group and Costamare Shipping Company S.A. (“Costamare”) have announced they have strengthened and expanded their existing strategic partnership.
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New shipping service delivers opportunities for...
COSCO SHIPPING LINES, one of the world’s biggest shipping liner conglomerates, today begins a new fortnightly service directly linking Townsville with destinations in China, Northern Australia and the South Pacific.
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Pacific Aria Sold; Leaving P&O Australia Fleet
P&O Cruises Australia has announced the Pacific Aria has officially been sold, and will leave the fleet immediately, as opposed to her scheduled departure early next year.
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Lloyd’s Register response to GMF comments on...
Lloyd’s Register (LR) is aware that there have been calls for greater regional regulation of the global shipping industry at this year’s virtual Global Maritime Forum (GMF) event.
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IGGS Group Announces its Most Ambitious Online...
2020 has brought many changes to the maritime industry. First, it is the year in which the IMO 2020 regulations came into effect. Second, it is the year of the pandemic – something that has changed the maritime industry and the way its business is conducted.
Legal & Regulations
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Ince Group expands its consultancy practice into the Middle East
International professional services firm the Ince Group has expanded its consulting business into the Middle East.
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Expat female lawyer Jasmin Fichte gets 10-year UAE golden visa
She has been living and working in the UAE for over 20 years.
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India joins the Djibouti Code of Conduct as Observer
Established in January 2009, the DCOC aims to repress piracy and armed robbery against ships in the Western Indian Ocean Region, the Gulf of Aden and the Red Sea
Environment
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Total Delivers its First Carbon Neutral LNG Cargo
Total has delivered its first shipment of carbon neutral1 liquefied natural gas (LNG) to the Chinese National Offshore Oil Corporation (CNOOC).
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Marine Biofuel Tests on Tankers Operated by Eastern Pacific Shipping
Singapore-based Eastern Pacific Shipping has become the latest shipping company to test marine biofuel as an alternative to lowering emissions. According to the company, the test project is in line with its Environmental, Social & Governance (ESG) Policy that calls for the testing and use of various alternative marine fuels to significantly lower greenhouse gas emissions.
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ABS Chairman, President and CEO Calls on Industry to Work Together to Deliver Decarbonization Ambitions
ABS Chairman, President and CEO Christopher J. Wiernicki has called on the industry to recognize that the successful decarbonization of the shipping industry will take teamwork and cooperation.
Education
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Training Program for the Emerging Offshore Wind...
With the rapid growth in the emerging offshore wind industry expected to continue there is a growing need for qualified, trainer personnel. A new partnership between the National Offshore Wind Institute (NOWI) at Bristol Community College and Maersk Training will seek to expand the level of training programs available for the emerging sector.
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Costamare takes maritime training to new heights...
The technology group Wärtsilä has received yet another order for its advanced Cloud Simulation solution. The Costamare Maritime Training Services (Costamare MTS) centre in Greece is the latest facility to take advantage of the technology developed by Wärtsilä Voyage, enabling its students to continue their training despite travel and assembly restrictions imposed because of the Covid-19 pandemic.
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The Arab Academy for Science, Technology and...
The Arab Academy for Science, Technology and Maritime Transport in Sharjah (AASTS) has successfully commenced talks for a collaboration with The Federal Transport Authority - Land & Maritime (FTA).
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Maltese Firms Partner on Maritime Training
The two entities will create a new set of courses covering both maritime training and the oil and gas sectors offering some of the highest training standards in these industry sectors from January 2021
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Seably: Democratising maritime training
Seably will collaborate with industry professionals, training centers, subcontractors, oil companies, insurance companies, and maritime universities around the world
Women in Maritime
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Empowering women in the maritime sector
Held on October 7, 2020, ShipTek Webinar - “Integrating Women In Leadership Amid Challenging Times” in collaboration with Marasi News and AWIMA, highlighted concerning issues about women working in the maritime sector.
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UAE female hiring data recovers after initial drop during Covid-19 lockdown
Data underscores importance of flexible working policies to support women’s employment and career progression
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Women in the Maritime Industry: ‘There is still a long way to go’
Webinar brings together female industry experts to discuss their experience of working in the sector
Techonology
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DCSA launches Just-in-Time Port Call programme to facilitate vessel speed...
Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers,
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Høglund Marine acquires two-thirds stake in Vindskip
Høglund Marine Solutions has acquired a two-thirds stake in Vindskip AS, a company engaged in the development of a car / truck carrier that integrates wind and gas power to achieve the lowest possible emissions in its market segment.
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Developing Large-Scale Hydrogen Fuel Cells Suited to Shipping
While numerous projects are underway to develop hydrogen fuel cell technology, pure hydrogen fuel cell systems developed for large modes of transport such as vessels, railroad vehicles, and construction machinery will require unique engineering and capabilities to withstand the requirements of the applications.
Dredging
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Boskalis secures multiple dredging contracts in...
Boskalis recently secured three contracts for coastal protection and port maintenance activities in Germany. These dredging contracts carry a combined value of EUR 45 million for Boskalis and will all commence in the coming months.
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Indonesian fishers opposed to dredging project...
Activists in Indonesia have slammed what they call the authorities’ campaign of criminalization against a fishing community protesting against the development of a port on their coast.
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Dredging project to give 30,000-ton vessels...
A project for dredging the internal and external canals of Bushehr port was inaugurated on Wednesday in a ceremony on the occasion of Government Week (August 23-29) to provide traffic and mooring for 30,000-ton vessels in this port.
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Jawaharlal Nehru Port Trust dredging contract...
India’s biggest channel deepening work at Jawaharlal Nehru Port Trust (JNPT) is heading for litigation with the team of Belgian and Dutch dredging contractors invoking arbitration to recover unpaid dues of ₹200 crore on the contract that was completed in February, 2019.
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DREDGING PROJECT READIES MISSISSIPPI RIVER FOR...
United Soybean Board-funded research is used to inform a dredging project in the Mississippi River, which will improve freight-based transportation of soybeans and create a more efficient supply chain.
OFFSHORE
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First Taiwan-built Offshore Installation Vessel...
Finland-based marine engine and technology provider Wärtsilä has been tasked to equip the first Taiwan-built offshore wind installation vessel - the Green Jade - with "a broad scope" of its solutions.
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MCS develops remote service for offshore...
MCS has introduced the Remote Inspection System, which it claims allows an entire offshore inspection campaign to be conducted remotely.
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Northern Offshore Services Adds Two More Vessels...
Crew transfer vessel specialist Northern Offshore Services (N-O-S) has expanded its fleet with two vessels SURE Diamond and SURE Dynamic from Sure Wind Marine Limited. The company's offshore support vessel fleet now stands at 41 vessels.
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Hermitage Offshore Services Ltd. Announces...
Hermitage Offshore Services Ltd. announced that it has executed a forbearance agreement (the “Forbearance Agreement”) to its $132.9 Million Term Loan Facility dated January 14, 2020 (the “Term Loan Facility”) with DNB Bank ASA and Skandinaviska Enskilda Banken AB (publ) (together, the “Lenders”) and DNB Bank ASA, as agent and security agent.
