Top News
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UED and Neutral Fuels partner to deliver maritime biofuel in Port of Fujairah
In the UAE, Uniper Energy DMCC (UED), part of the Germany-headed international energy company Uniper SE and Dubai-based biodiesel producer Neutral Fuels LLC, a subsidiary of UK-headed The Neutral Group, have announced that they will collaborate to provide maritime biofuel in the Port of Fujairah.
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MINA RASHID RETAINS ITS TITLE AS THE WORLD’S LEADING CRUISE PORT AT THE WORLD TRAVEL AWARDS 2020
The port successfully defended its title for the 13th consecutive year with its consistent achievements
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Jebel Ali Port receives first container from Israel for Jafza-based Kimoha
DP World’s flagship Jebel Ali Port, the leading port in the Middle East, received a container carrying an export shipment from Israel via the Ashdod Port, one of Israel’s primary cargo ports for Jafza-based Kimoha Entrepreneurs FZCO.
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Maqta Gateway and TruKKer to Collaborate on Digital Truck Booking Services through “MARGO”
MoU provides guaranteed truck availability, Real-time GPS Tracking, Fleet Management and access to the largest network of verified transporters in the Middle East
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Finalists announced for Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2020
The judging panel of experts and industry thought-leaders focused on selecting companies with exceptional success stories in facing COVID-19, to present their best practices as benchmarks to the maritime sector regionally and globally
Classification
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ClassNK Grants Japan's First Digital Smart Ship Notation to NYK Vessel
Japan’s classification society, ClassNK, has granted its first Digital Smart Ship (DSS) notation. The Sakura Leader, an LNG-fueled PCTC (pure car and truck carrier) built by the Shin Kurushima Dockyard Co. for NYK Line was the first vessel marked with the DSS on its notation in ClassNK’s registry.
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Lloyd’s Register launches dedicated Maritime Decarbonisation Hub.
Lloyd’s Register initiative to enable the accelerated decarbonisation of maritime trade.
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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.
Insurance
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ABS and American P&I Club Continue Close Collaboration On Loss Prevention...
The close collaboration between ABS and the American P&I Club continues to deliver new loss prevention initiatives for the industry.
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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.
Oil & Gas
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Pacific Drilling Latest Offshore Driller to Seek...
The ongoing restructuring of the offshore drilling sector is continuing with Pacific Drilling becoming the latest company in the sector to announce it would use the courts to complete a reorganization of its business. Analysts believe that the sector will continue to undergo fundamental changes.
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ADIPEC, the World’s Largest Gathering of Oil and Gas...
The Abu Dhabi International Petroleum and Exhibition Conference (ADIPEC) 2020 Virtual Conference, the world’s largest gathering of oil and gas industry players, is set to begin on Monday, November 9, 2020.
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ADNOC Awards $324 Million Contracts to Optimize Onshore...
The Abu Dhabi National Oil Company (ADNOC) announced today the award of contracts worth $324 million (AED 1.19 billion) to optimize onshore field operations and enhance efficiencies as it continues to invest responsibly to drive smart growth.
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India allows UAE's ADNOC to export oil from strategic...
The Union cabinet has allowed Abu Dhabi National Oil Co (ADNOC)to export oil from its Mangalore strategic petroleum reserve (SPR), a minister said, marking a policy shift that could enhance foreign participation as India seeks to expand its storage capacity.
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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.
Ports
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AquaChemie breaks ground on $40 M Petrochemical terminal at Jebel Ali Port
AquaChemie Middle East - a leading chemical sales and services company and part of the UAE-based AquaChemie Group - today broke ground on its strategic, world-class petrochemical terminal in DP World’s flagship, Jebel Ali Port, Dubai.
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Antwerp: Drones to help with port area controls
Drones will be used to support enforcement and control in the Antwerp port area. To this end, Port of Antwerp and the European Maritime Safety Agency (EMSA) have joined forces.
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Georgia Ports Authority Sees Booming Volume Thanks to Regional Growth
The Georgia Ports Authority holds an annual "state of the port" address to highlight the region's growing economy and its growing cargo volumes, but like so many events this year, the gathering has gone virtual for 2020. On Thursday, GPA executive director Griff Lynch addressed online attendees from the authority's headquarters at the Port of Savannah. Despite the challenges of the COVID-19 era, he had good news to report.
Finance
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Port of Gothenburg freight volumes signify stability and revival
Freight volumes at the Port of Gothenburg have remained stable, despite the ongoing effect the Covid-19 pandemic is having on world trade. Container volumes remain unchanged while other segments are regaining lost ground following the downturn earlier in the year. This can be seen from the volume report for the year to September.
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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.
Shipping
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P&O Ferries Offers to Carry COVID-19 Vaccine...
DP World-owned ro/ro and freight ferry operator P&O Ferries is offering to transport import shipments of COVID-19 vaccines into the UK, free of charge.
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Fincantieri Delivers Second New Cruise Ship Since...
Fincantieri delivered the new cruise ship the Silver Moon to Silversea Cruises, one of the brands owned by the Royal Caribbean Group. Built at the shipyard in Ancona, Italy, it is the second cruise ship that Fincantieri has completed since resuming operations after work was suspended in the spring due to Italy’s effort to mitigate the spread of the coronavirus.
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Hyundai Heavy Industries wins orders to build...
Hyundai Heavy Industries (HHI) Group has signed a 240 billion won contract for three ships, breaking sales drought that has continued since the beginning of the year.
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COVAXX and Maersk enter partnership to supply...
The goal is to bring a much needed COVID-19 vaccine to emerging and developing nations. The agreement establishes integrated logistics to enable efficient worldwide distribution of COVAXX’s COVID-19 vaccine. The aim is to distribute up to a billion doses of the COVAXX synthetic vaccine worldwide in 2021.
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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.
Legal & Regulations
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The Ince Group launches new consultancy business from the Middle East
The Ince Group is pleased to announce the launch of a new consultancy business in the Middle East, adding to an already impressive array of legal and consulting businesses under the Ince umbrella.
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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.
Environment
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Researchers Explore Concept for UK Zero Carbon Costal Shipping Network
A team of UK maritime researchers have set out their vision for a fleet of zero carbon coastal ships to transport goods around the UK via its ports by 2030.
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Research for Singapore's First Floating Energy Storage System
Research is getting underway to develop Singapore’s first floating energy storage system (ESS). Designed to incorporate new technologies in batteries and other areas, the project is part of an ongoing partnership between Singapore’s Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) to develop innovative energy solutions in the marine sector. The technologies that are being developed will also contribute to the future of electric and hybrid ships.
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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).
Education
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Dutch Research Team Builds World's Smallest...
Researchers at Leiden University in The Netherlands have built what they believe to be the world's smallest vessel. The unnamed boat was created with a micro-3D printer, and it measures all of 30 micrometers in length (about 1/1000th of an inch). This is about one third the width of a single human hair.
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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
Women in Maritime
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Breakbulk Middle East empowers women in the breakbulk sector
The sixth annual edition of BBME promotes women in leadership through an increase in female involvement in the segment
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Continuing her outstanding work in the UAE’s maritime sector, H.E. Eng. Hessa Al Malek takes on a new role
Marasi News congratulates H.E Eng. Hessa Al Malek on her new role that will further empower the maritime sector in the country
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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.
Techonology
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Lloyd’s Register, Anemoi and SDARI join forces on rotor sail designs.
Collaboration on commercial adoption of emission abatement technology for multiple ship types.
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Lloyd’s Register, Anemoi and SDARI join forces on rotor sail designs.
Collaboration on commercial adoption of emission abatement technology for multiple ship types.
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i4 Insight integrates LAROS™ sensor data into platform for complete real-time...
Alliance partnership with Prisma Electronics to help operators improve operational efficiency and fleet performance
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.
