Top News
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Abu Dhabi Ports Announces Concession Agreement with COSCO SHIPPING Ports Limited
Abu Dhabi Ports announced today the signing of a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of COSCO SHIPPING Ports Limited, one of the leading container terminal operators in the world and a subsidiary of China COSCO SHIPPING Corporation Limited.
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NMDC to enhance its competitiveness in the International Market
National Marine Dredging Company (NMDC) employs its international experiences and industry-leading achievements to enhance its position in this unique market. The Company’s successful projects provide new horizons for developing its service offerings and achieving its main goal of building an economic-maritime ecosystem based in the UAE and targets the Arab World.
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Mohammed Al Suwaidi to Marasi Yachts: We seek to enhance our services with “Innovation”
Since its establishment in Dubai in 2003, Al Suwaidi Marine has achieved a remarkable position in the boating industry. The company has long realized the role of the sea as a source of wealth for the Emiratis, its beginnings were focused on building fishing boats at highest international standards and affordable costs. Expanding to new markets, the company established a new line for leisure boats. The company’s designers presented unique designs, meeting the special requirements for this type of boats in the UAE, as well as the highest luxury and comfort standards.
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Marasi Yachts Traces Boat Building Phases at Al Yousuf Motors
Boat building process starts on the customer side, as he defines his needs and wishes, and makes the decision. Once the decision is made, a seasoned team of Al Yousuf Motors experts meet the customer to provide him with comprehensive consultation and help him develop his choices to best address his needs.
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Dubai's first “water homes” to feature in new “Marasi Business Bay”
An innovative waterside development, inclusive of a 12km promenade, will feature retail options, floating restaurants, leisure facilities, five palm tree-lined marinas and Dubai’s first ever water homes.
Classification
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DNV GL Review After COSLInnovator Death
DNV GL is reviewing its approval of around 100 semi-submersible rigs as a result of the incident involving COSLInnovator in December 2015. Preliminary assessments indicate that a limited number of rigs will be subject to modifications or operational limitations.
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DNV GL Review After COSLInnovator Death
DNV GL is reviewing its approval of around 100 semi-submersible rigs as a result of the incident involving COSLInnovator in December 2015. Preliminary assessments indicate that a limited number of rigs will be subject to modifications or operational limitations.
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TASNEEF continues to achieve impressive growth for the 4th successive year
Emirates Classification Society “TASNEEF” completed its 4th year with significant achievements in classification services that are tailored to the needs of the Arab world. This comes as a result of TASNEEF’s success in directing the world’s attention to the UAE’s added values in the marine industry. Commenting on Tasneef’s achievements, Eng. Rashed Al Hebsi, CEO of Tasneef said, “We are blessed to have achieved a wide acceptance in the Arab maritime community as the first Arab classification society, and we are considered the accredited society for issuing compliance certificates in accordance with GCC standards.”
Insurance
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Sh17bn windfall for Kenya marine insurers
Insurance firms are eying a Sh17 billion windfall from January 1 when a new law that compels importers to buy policy from local payers takes effect.
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IUMI details uncertain, challenging environment for marine insurance
The International Union of Marine Insurance (IUMI), unveiling its annual statistical report on the marine insurance market at a conference held in Genoa, announced global underwriting premiums for 2015 of $29.9bn. This is a 10.5% reduction on the 2014 figure.
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AKI welcomes rule on maritime insurance
The Association of Kenyan Insurers (AKI) is in the process of implementing changes in the insurance act to give Kenyan firms a larger share of the maritime business.
Offshore - Oil & Gas
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ADIPEC 2016 Unveils List of High-Level Speakers for...
The distinguished VIP Programme at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) is coming back stronger than ever this year, bringing a series of high-level speakers to the UAE capital in November to share their insights on critical industry topics shaping the future of energy.
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UK oil and gas production rises but exploration slumps
Production from UK oil and gasfields in 2015 increased for the first time in 15 years but investment in exploration hit a record low as companies cut spending in response to low energy prices.
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Existing coal, oil and gas fields will blow carbon budget
The world’s working coal mines and oil and gas fields contain enough carbon to push the world beyond the threshold for catastrophic climate change, according to a report released on Thursday.
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Libya exports first oil cargo from Ras Lanuf since 2014...
An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's oil output.
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Oil And Gas Majors Are Shipping ‘Dirty’ Fuels To African...
Oil and gas majors in Europe have been selling low-quality diesel and gasoline to African countries, according to the findings of a three-year investigation conducted by a Switzerland-based advocacy group.
Ports
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Oakland Sees No Impact from Canal Expansion
Bigger ships may be using the newly widened Panama Canal, but they’re not bypassing Oakland to get there, said the Port as it announced that the wider canal locks have not dented its business.
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Reducing emissions in ports
The US Environmental Protection Agency (EPA) has released a new report this monh focusing on emissions trends from diesel engines in ports.
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Ports ready to handle holiday cargo volume surge – PPA
The Philippine Ports Authority (PPA) yesterday gave assurance the country’s ports are ready to handle an increase in volume of cargo for the Christmas season.
Finance
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Tufton Oceanic Sheds Light on Maritime Financial Concerns
There has been a noticeable vacuum in the UAE’s maritime finance industry, due to the lack of enthusiasm expressed by local banks towards the sector. In the past, this attracted support from foreign banks for UAE ship owners and operators but most have now withdrawn from financing new transactions.
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Maritime firms race to restructure debt amid finance woes
Pressures mount in the hard-pressed offshore marine sector, with Marco Polo Marine seeking to restructure its debt, while beleaguered Rickmers Maritime Trust continues the race against time to secure its financial lifeline.
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Global firm advises on major maritime financing
DLA Piper has advised Hong Kong headquartered global satellite communications and maritime sector network service provider SpeedCast, on the financing for its successful acquisition of a European player in the same game.
Shipping
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World Maritime Day: Shipping is Indispensable
September 29 is World Maritime Day, an annual opportunity to increase awareness of the fact that shipping is "indispensable to the world."
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CNG PROJECTS – RULE FRAMEWORK AND TECHNICAL...
The traditional means for transportation of natural gas have, so far, been pipelines and LNG ships. An important innovation in the natural gas market is the transportation by sea without undergoing liquefaction, but simply compression.
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Aqua Diving Services awards Damen Shipyards...
Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services Ltd. Once delivered, it will be used primarily to deliver offshore support services, including the provision of accommodation facilities for personnel as well as operating as a work platform with crane facilities.
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Fitch: Maersk Gets Little Solace from Sectoral...
The decision by A.P. Moeller-Maersk A/S to split into two separate divisions – Transport & Logistics and Energy – reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle, Fitch Ratings says.
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Shares of troubled shipping firm Hanjin jump 28%
Shares of Hanjin Shipping have jumped by as much as 28% in South Korea.
Legal & Regulations
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Time Charter “Trip”: A red herring?
A recent judgment of the English court in SBT Star Bulk & Tankers (Germany) GmbH & Co KG v. Cosmotrade SA (The Wehr Trave) [2016] EWHC 583 (Comm) highlights the need to exercise care in using the word “trip” in the charterparties. This is an English law case but this word can also result in a dispute in the UAE courts as addressed below.
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Compliance with STCW Manila Amendments Fast Approaching: Ship-owners be...
The STCW Manila Amendments entered into force on 1st January 2012 and had a 5 year grace period until 1st January 2017. The comprehensive review of the STCW 78, as amended 95 had made major revisions identified in the Manila Amendments which come into effect on 1st January 2017.
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Procedural Errors Invalidating Ship Arrests
A vessel arrest is the manner in which a claimant obtains security for a claim which may possibly lead to the judicial sale of the vessel, should that become necessary. Vessel arrests arise as potential remedies for an assortment of creditors; for example, a ship owner that needs to repossess the vessel under the charterparty, or a mortgagee who has terminated a loan facility due to default, etc.
Environment
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Ports grapple with challenges wrought by climate change
Climate change is a growing concern for port and terminal stakeholders who are struggling to assess and adequately prepare for its impact on port structures, facilities, and operations.
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PH Coast Guard steps up patrols in Northern Mindanao
The Philippine Coast Guard (PCG) in Northern Mindanao has beefed up its patrol in the region in time for the Maritime Week celebration, said Joseph Covme, deputy commander of Coast Guard District Northern Mindanao.
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‘Application of human rights throughout the maritime environment at all times without exception’. IMHR 2016 Conference Review
The positive repercussions of the recent inaugural International Maritime Human Rights (IMHR) conference held at The Royal College of Surgeons, London continue to reverberate. Titled ‘Respect, Responsibility and Remedy in the Maritime Environment’ the event highlighted many of the abuses of human rights that have occurred in the sector recently.
Education
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MARINE EDUCATION CONFERENCE
Registration open for Mid-Atlantic Marine Education Association conference.
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Maritime Aquarium at Norwalk Receives $485,000...
The Maritime Aquarium at Norwalk has received a grant from the National Oceanic and Atmospheric Administration (NOAA), totaling $484,955, that will allow nearly 2,000 area students to "explore how severe storms, erosion and other environmental hazards threaten their communities."
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MARACAD 2016 - Strategic Platform for Maritime...
His Excellency Dr. Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure, Chairman of the Federal Transport Authority – Land and Maritime (FTA) inaugurated the second edition of MARACAD 2016 the Maritime Academic Conference and Expo at Sheikh Maktoum Hall, Dubai International Convention and Exhibition Center.
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Primary Schools' Marine Education Programme...
The Marine Institute’s Explorers Education Programme is growing and is now available in Galway, Clare, Mayo, Cork and Waterford, delivered by centres including Galway Atlantaquaria, Loop Head Summer Hedge School, Redrose Developments, Lifetime Lab and Oceanic Surf School and the Marine Education Centre.
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Russian institutions of maritime education...
Celebrations dedicated to the Day of Knowledge were been held yesterday, September 1st, at the largest institutions of maritime education, says press center of Federal Marine and River Transport Agency (Rosmorrechflot).
Women in Maritime
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Supporting Maritime Women of the Caribbean
Work to support women in the Caribbean maritime industry is underway with the first conference of the Women in Maritime Association Caribbean (WiMAC) taking place in Grand Cayman, Cayman Islands.
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WISTA Brazil formed as 36th National WISTA Association
Karin Orsel, President of the Women’s International Shipping & Trading Association (WISTA) announced the formation of the 36th National WISTA Association with the launch of WISTA Brazil. WISTA Brazil became official at an event attended by 44 founding members.
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Local Cayman women encouraged to pursue maritime study
Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This year government appropriated $152 million, or about US$190 million, for education purposes, which includes scholarships … I would be more than pleased if our young people saw fit to tap into this funding to pursue careers in the maritime industry.”
Techonology
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Siemens to demonstrate future of power supply at Wetex
Siemens, a global technology powerhouse, will illustrate the future of energy supply through its microgrid table and breakthrough energy storage solutions at the upcoming Water, Energy, Technology and Environment Exhibition (Wetex) in Dubai.
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Huawei to showcase smart city tech at Gitex
Huawei, a leading global ICT solutions provider, will showcase its ‘new ICT’ solutions that are helping to shape the future in a connected world at the upcoming Gitex Technology Week, a major ICT expo in Dubai, UAE.
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INFRARED THERMOGRAPHY COULD SAVE TIME AND MONEY WHILE REDUCING THE RISK OF A...
Infrared (IR) thermography has become a powerful tool for basic and applied scientific research, along with practical applications in various fields such as industrial, environmental, and maritime. Infrared thermography is applied in the marine field to identify and target equipment and systems which need attention, as well as to eliminate unnecessary work on board. Thermographic inspections with an infrared camera will instantly show the condition of electrical circuits, electronic systems and other installations on board, which helps to avoid costly and catastrophic failures.
Yachts
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SeaStar – The New Signature Series from Riviera
“SeaStar Boats” is a new Signature Series by Riviera - a UAE boat builder well-known for its previous signature series, “Integrity yachts”.
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Gulf Craft Launches Second Award-Winning Majesty...
Gulf Craft, the world’s innovative builder of luxury yachts and leisure boats, is excited to announce the launch of the second edition of its award-winning Majesty 122 superyacht (M/Y Ghost II).
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The Hipster 701 Attracts with its style and...
This range is a collaboration between Emocean Marine and High Boats Factory and is launched under the National Marine Alliance’s Phenom Powerboats brand as an ideal boat for day ventures on the water where it excels at being either a great island hopper or a super stylish run about, this boat, equipped with a fresh water point, aft ladder, a swimming platform, state of the arts wireless Navitainment system and a concealed bimini. All as standard.
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DESIGNER CREATES WORLD'S MOST EXPENSIVE...
Andy Waugh, a yacht designer from Hampton Court in south west London, has created an incredible 425ft long super yacht called Epiphany, which features a swimming pool, spa and a private deck for the owner. The extravagant design would take five years to build once commissioned, and depending on the final specifications, cost up to £500 million.
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Heesen Yachts Join Hull and Superstructure on...
Dutch shipyard Heesen Yachts have confirmed that YN 18151, a 51 metre (167ft) semi-displacement motor yacht currently in build, has had its hull and superstructure joined together.
Dredging
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EPA will provide Hudson River dredging update...
The U.S. Environmental Protection Agency will hold a local forum Oct. 13 regarding General Electric’s recently completed dredging of PCB contamination in the Hudson River and the status of monitoring in the past year.
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Ocean City Moves Ahead on Dredging Projects
Since starting work in September, Ocean City has already completed two of the three dredging projects scheduled this year as part of a multimillion-dollar program to clear out lagoons and channels choked with muddy sediment, a top city official said Thursday night.
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SLO council considering two options for Laguna...
The San Luis Obispo City Council voted unanimously Tuesday to further assess two potential options for dredging Laguna Lake.
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Osun State Begins Dredging Of Waterways After...
In the wake of the flood disaster that ravaged some communities in Osogbo, the capital of Osun State on Tuesday, the state government has commenced the dredging of major waterways in the state capital.
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U.S. Senate passes water bill that includes...
WASHINGTON • The U.S. Senate Thursday passed a $9 billion water resources development bill that includes $25 million to dredge Mississippi River ports.
