Top News

  • Dubai's DP World agrees amendments on deal to develop Congo port

    Dubai-based DP World is set to start the development of a deep sea port at Banana following agreement on amendments to the initial contract between it and the Government of the Democratic Republic of the Congo.

     

  • Abu Dhabi Ship Building wins $952m contract with UAE Navy

    Abu Dhabi Ship Building (ADSB), a leader in the new build, repair, maintenance, refit and conversion of naval and commercial vessels, has been awarded an AED3.5 billion ($952 million) contract by the Ministry of Defence (MOD) and UAE Navy, to build Falaj 3-class Offshore Patrol Vessels (OPVs).  
     

  • Massive power-to-H2 plant in Oman may boost shipping's e-fuel supply

    InterContinental Energy, the developer of the Australian Renewable Energy Hub (AREH) megaproject, has announced a new combined wind and solar plant in Oman. With the backing of Kuwaiti and Omani state-owned energy companies, InterContinental plans to build a 25 gigawatt renewable power-to-hydrogen plant that will leverage the intense sun and regular winds of central Oman to manufacture valuable, transportable H2 and ammonia. The announcement has potential implications for shipping, as it significantly increases the confirmed supply volume for one of the industry's most-anticipated future fuels. 

     

  • Gulf Marine Services losses sink by $124.3m due to Covid and boat repairs

    Offshore industries boat provider Gulf Marine Services reported losses of $124.3m this morning, despite its revenue sinking by just six per cent last year.

     

  • Elcome and Broadcast Solutions complete successful maritime mesh network trials

    Elcome International and Broadcast Solutions recently completed a live proof-of-concept (POC) demonstration of a maritime mesh network for coastal operations.

     

Classification

Insurance

  • Preventing COVID-19 onboard

    At a time when the number of COVID cases increases and many ports and countries operate with differing COVID-19 regulations, we encourage ship operators to review their crew change management plans, implement all relevant recommendations set out in the revised IMO supported protocols for crew changes and travel, and continue to promote compliance with proven health measures such as physical distancing, hand hygiene, cough etiquette and use of masks.

     

  • Russian transport operators must insist on comprehensive insurance cover

    Recent changes to regulations in Russian law now make it possible for forwarders and road hauliers to access full liability cover, similar to that enjoyed by those in the global supply chain. However, most insurance products on the market don’t offer comprehensive protection. Executives from Panditrans, TT Club’s Network Partner in Russia, have outlined the improved regulatory situation but emphasized the inferiority of the cover available in the market. Valuable risk management advice on temperature controlled and tank container cargoes was also presented at the recent TransRussia trade show in Moscow.

     

  • Onboard connectivity critical for crew welfare, reveals latest Seafarers...

    As part of the Standard Club’s continuing commitment to safety at sea and focus on seafarer wellbeing, this year the Club has partnered with the Mission to Seafarers, alongside Wallem Group to support the 2021 Seafarers Happiness Index report.

     

Oil & Gas

  • Upstream spending won't reach pre-crisis levels any...

    Spending in the upstream oil and gas sector is expected to gradually begin to rise from 2022, however, it will not reach the pre-crisis period any time soon as the toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, Rystad Energy said Wednesday.

     

  • Ineos books Maersk resolve drilling rig for UKCS project

    Ineos Oil & Gas UK has hired Maersk Drilling's harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. 

     

  • Petropars to develop Farzad B offshore gas field in Iran

    Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.

     

  • Actemium, Semco Maritime to deliver commissioning services...

    French oil firm Total has awarded a commissioning services contract for its Tyra Redevelopment Project in the Danish North Sea to a consortium comprised of Actemium Oil & Gas Commissioning and Semco Maritime.

     

  • BP hires Petrofac for Greater Tortue Ahmeyim operational...

    Oil major BP has hired oilfield services company Petrofac to develop operational procedures for the company's Greater Tortue Ahmeyim project offshore Mauritania and Senegal.

     

  • Iran gears up for return to oil market as US talks advance

    Iran is preparing to ramp up global oil sales as talks to lift sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual.

Ports

Finance

Shipping

Legal & Regulations

Environment

  • Methanol advances as alternative bunker fuel with barge-to-ship operation

    Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the Port of Rotterdam, highlighting the ease with which bunkering could occur for methanol powered vessels.

     

  • EU focus on blue economy targeting marine pollution and ship recycling

    The European Commission is calling for a new approach in developing a sustainable blue economy, telling all member states that they need to develop plans in 2021 addressing the maritime sector. The EC said that a sustainable blue economy is essential to achieving the objectives of the European Green Deal and ensuring a green and inclusive recovery from the pandemic. They are calling for developing offshore renewable energy, decarbonizing maritime transport, and greening ports, while the Commission said it will increase its efforts on pollution including possibly further tightening the restrictions on ship recycling and plastics entering the maritime environment.

     

  • NGOs call on EU to exclude Biofuel and LNG from new Clean-Fuel Program

    A coalition of NGOs led by Transport & Environment has called on the European Commission to "explicitly exclude" biofuels and natural gas from a new clean marine fuel initiative, advocating for investment in electricity-based fuels instead.

     

Education

  • Consolidating courses for user friendly, secure...

    Over the past 12 months, here at Ocean Technologies Group we have been reviewing and consolidating all of Videotel’s and Seagull’s certified eLearning courses into the new Ocean Learning Library. 54 of our most popular have been consolidated with each course designed, as ever, to make seafarers safer and better at what they do. These courses can be taken through a company subscription, via the Ocean Learning Platform, or Pay-As-You-Go from our website.

     

  • AASTS organized virtual orientation sessions to...

    The Arab Academy for Science, Technology and Maritime Transport branch in Sharjah (AASTS), recently organized virtual orientation sessions under the initiative titled “Connecting maritime professionals with leaders of tomorrow”. The primary goal of the event was to connect government school students with leading names in the maritime sector.

  • ACICT partners with Logix to build the largest...

    The Academy Company for Information Communication Technology (ACICT), the technological investment arm of the Arab Academy for Science Technology & Maritime Transport (AASTMT), has launched a strategic partnership with Logix, a leading company in smart transformation and information security, to launch the largest smart and secure educational platform in Egypt and the Arab World. This is part of ACICT’s efforts to support Egypt Vision 2030 in developing knowledge, innovation and scientific research.

     

  • Digital tools: e-learning for DESMI’s ballast...

    Marine engineers and crew members can now train and learn about DESMI Ocean Guard’s CompactClean ballast water management system with two digital offline tools. One is a computer-based training (CBT) program and the other is a mobile app. 

     

  • Entrepreneurship Center, AASTMT organised an...

    The AASTMT Entrepreneurship Center held an online workshop titled “How to Become an Entrepreneur”, which is the first in a series that aims to prepare AASTMT students, who are willing to participate in the “Arab Rally for Entrepreneurship”. This year, the annual competition focused on entrepreneurship in the maritime sector. The virtual workshop was hosted by Dr. Wael El-Desouky, Director of the Entrepreneurship Center, AASTMT, with the participation of more than 50 students representing the academy from Egypt, UAE, Syria and Greece.

     

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