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 (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).
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.
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 International and Broadcast Solutions recently completed a live proof-of-concept (POC) demonstration of a maritime mesh network for coastal operations.
Classification society ABS continues its series of alternative fuels guidance with the publication of its latest whitepaper examining the potential of biofuels in shipping.
Lloyd’s Register (LR) has granted Seaplace Approval in Principle for its active ballast control system, designed specifically for the company’s floating offshore wind platforms concept, CROWN, a novel technology that includes both buoy and reduced-draft spar operational concepts, expected to reduce CAPEX costs of the floating wind generation.
Achieving the ambitious goals addressing the climate contained in the Paris Agreement and other efforts requires developing strategies to address carbon emissions. Technology for the collection and storage of carbon emissions is a cornerstone of carbon negative strategies.
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.
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.
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.
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 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.
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.
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.
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 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.
Data on goods movements and container traffic from Valenciaport for the month of April show that the port facilities managed by the Port Authority of Valencia (PAV) have closed the crisis generated by the COVID-19 pandemic. In April 2021, the Valenciaport docks operated 479,171 containers, i.e. 26,687 TEUs (standard 20-foot container) more than in April 2019, the year without the pandemic. In relative figures, this represents a growth of 5.9%, while compared to April last year, the increase is 9.9%.
A port has begun “pioneering” work to allow cruise ships to plug into the National Grid.
Cargo container throughput from export and import transactions in the Subic Bay Freeport unexpectedly increased in the first quarter of this year, although fewer ships called here due to trade slowdown amid the Covid-19 pandemic.
Watson Farley & Williams (“WFW”) has advised Euromont Shipping Company S.p.A. (“Euromont”) and Navigazione Montanari S.p.A. (“Navigazione Montanari”) on c.€35m loan granted by illimity Bank S.p.A. (“illimity”) for the renewal of Navigazione Montanari’s fleet.
Spot ocean container rates are up triple digits year on year, therefore, they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact that this premise has already been proven wrong, and that container rates could theoretically have a lot more room to run if the upper limit is defined the same way it is in non-containerized shipping.
Listed firm Asian Terminals Inc. (ATI) said its net income went up by 19 percent in the first quarter this year due to improved cargo volumes and cost savings.
Shipping Corporation of India on Thursday reported a 23 per cent decline in its consolidated profit to Rs 85.76 crore for the fourth quarter ended March 2021. The state-owned company had clocked a consolidated profit of Rs 111 crore for the corresponding quarter in 2019-20, it said in a regulatory filing.
China’s index of export container transport went up in the past week ending Friday, according to the Shanghai Shipping Exchange.
All ships arriving or entering ports from India are not required to undergo a 14-day quarantine at sea, says the Marine Department of Malaysia (JLM).
The engine room fire aboard the boxship NYK Delphinus is under control and a commercial tug has taken the vessel in tow, bound for Oakland.
One of the largest single pieces of machinery to be brought into the Port of Newcastle will arrive tomorrow, Sunday 16 May.
A former director at BP Singapore and an executive at a Singapore-based marine fuels supplier were each sentenced on Tuesday to four and a half years in jail for corruption.
CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships.
In a voice vote, the U.S. Senate this afternoon approved the Alaska Tourism Recovery Act that would permit large cruise ships to operate cruises to Alaska this summer. The act provides a waiver of the U.S. cabotage laws. The measure goes to the U.S. House for approval before it can be sent to President Joe Biden for his signature.
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.
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.
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.
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.
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.
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.
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.
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.
Britannia P&I has appointed Kate Kim as B Korea’s General Manager. She will take up her position on 1 May 2021 where her key focus will be to build and further strengthen relationships with Members and provide them with tailored, high quality services.
The White House has nominated Vice Adm. Linda L. Fagan to be the next Vice Commandant of the U.S. Coast Guard, marking the first time that a woman is set to become a four-star admiral in the service.
Kimberly Jones was in her third year of studying mechanical engineering as an undergraduate student at Tuskegee University in Alabama.
As technology development continues at pace in the subsea space, a young innovative group out of Switzerland—Hydromea—unveiled the prototype of what it is calling the "world’s first" wireless underwater drone in a pool demo.
It is difficult to imagine today’s world without the ease of electronic salary payments, online and mobile banking. While the COVID-19 pandemic has further accelerated the digitalisation of banking, the shipping industry is still slow to ride on this wave. With BSM NiumPay, Bernhard Schulte Shipmanagement (BSM) intends to make digital payment more accessible to seafarers across the globe.
The shipping industry is responsible for more than 2.5% of the world’s emissions. If the shipping sector were a country, it would be the sixth largest polluter in the world.
The Town of Cobourg would like to advise residents that the Cobourg Marina has begun its annual spring removal of built-up sediment by dredging the Harbour and area.
America’s largest provider of dredging services, Great Lakes Dredge & Dock Corporation today reported that it had received major dredging awards totaling $112.8 million.
The Suez Canal Authority (SCA) has started dredging work to extend a second lane that allows for two-way traffic in a southern section of the canal near to where a giant container ship got stuck for six days in March, it said on Saturday.
The dredging of the Parana River, Argentina’s grains superhighway, will continue for another 90 days, according to a government resolution issued on Wednesday aimed at ensuring that the country’s export hub of Rosario will stay open for business.
Dredging has started off the Argentine port of Bahía Blanca this week to restore the main channel so that ships up to 45 feet deep or 50 50 feet at high tide can be allowed in.
Sunreef Yachts proudly reveals the interior renders of the new 60 Sunreef Power.
Dubai has welcomed thirteen foreign cruise ships that were at sea while most countries have closed maritime borders due to the coronavirus pandemic.
Stranded on superyachts or confined to their sprawling mansions worrying about their wine cellars, the world's super rich have invited ridicule throughout the coronavirus pandemic with their apparent insensitivity to the plight of ordinary people.
In a rare bright note for the troubled cruise sector, technology group Wärtsilä announced Thursday that it is providing Amundsen Expeditions with a custom design for up to six new luxury expedition cruise vessels.
Offshore drilling company Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the Norwegian Continental Shelf using the Borgland Dolphin semi-submersible drilling rig.
Drilling equipment maker MHWirth has received a notice from Singapore's Keppel FELS to resume work under the order Keppel had suspended in December 2020.
Natural gas equipment and logistics company New Fortress Energy has purchased two Maersk Drilling jackup rigs, and it says that it plans to convert them into mobile LNG liquefaction plants.
Angolan offshore drilling firm Sonadrill, the 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a twelve-well contract in Angola for the Sonangol Quenguela drillship. The contract includes one option for nine wells and eleven one well options, Seadrill said Friday.
Norway-based TGS, a provider of seismic data for oil and gas exploration, has this week started the acquisition of Pelotas 2D multi-client phase 3 offshore Brazil.
McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field development offshore Mexico.
