Top News
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Gulf Craft leads the conversation on “The Future of Superyachts”
Gulf Craft has solidified its position as the leading manufacturer of composite superyachts during the 2021 edition of the Monaco Yacht Show. Putting the spotlight on its flagship superyacht, the Majesty 175 - the world’s largest composite production superyacht fully manufactured at its UAE shipyard – Gulf Craft hosted a special panel discussion at the Monaco Yacht Club where Gulf Craft Chairman, Mohammed Hussein Alshaali highlighted the benefits of composite yachts, including ease of maintenance and ability to navigate shallow waters.
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WinGD takes a holistic approach to marine decarbonization with ecosystem solutions
Engine developer WinGD has developed an ecosystem of solutions around the main engine that is expected to enhance energy efficiency and enable a seamless transition to new fuels, which are the two keys to reducing greenhouse gas (GHG) emissions in line with International Maritime Organization’s ambitions.
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ClassNK joins as signatory to Call to Action for Shipping Decarbonization
Signatories of the Call to Action for Shipping Decarbonization urge world leaders to align shipping with the Paris Agreement temperature goal. The private sector is already taking important steps to decarbonize global supply chains. It is indispensable that governments deliver the policies that will supercharge the transition and make zero emission shipping the default choice by 2030.
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LR, HHI and KSOE sign MoU to develop digital twin technology for an LNG carrier.
Lloyd’s Register (LR), Korea Shipbuilding & Offshore Engineering (KSOE) and Hyundai Heavy Industries (HHI) have signed a Memorandum of Understanding (MoU) at Gastech 2021, Dubai to develop digital twin technology to support the digitalisation of the maritime industry and the growing demand for large scale LNG carriers.
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Maersk calls Jafza home for its first Warehousing & Distribution facility in the UAE
Maersk Kanoo UAE, an integrator of container logistics, today signed an agreement with DP World’s leading trade and logistics hub, Jebel Ali Free Zone (Jafza) to set up its first Warehousing & Distribution (W&D) facility in the UAE. The agreement was signed by Christopher Cook, Managing Director, Maersk UAE and Abdulla Bin Damithan, CEO & Managing Director, DP World – UAE Region & Jafza, today at Maersk West & Central Asia regional headquarter in Dubai. The 10,000 sq. mt. facility will be located within Jafza in Dubai.
Classification
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Global trade at risk of disruption without urgent action on zero-carbon shipping, finds Lloyd’s Register report
New study from maritime professional services organisation points to potential future supply chain upheaval from energy transition uncertainty, with leaders calling for ambition to be turned into immediate action.
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Lloyd’s Register and Inmarsat form industry-first collaboration to develop a remote survey solution.
Lloyd’s Register (LR) and Inmarsat, the world leader in global, mobile satellite communications, have announced an industry-first collaboration between a satellite communications provider and classification society to provide a connectivity solution that will address challenges experienced during remote surveys.
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Windship Technology secures coveted Approval in Principle for innovative triple-wing design from DNV
Windship Technology, Britain’s leading True Zero Emission company for the shipping industry today announces their patented triple-wing rig has received a coveted ‘Approval in Principle’ (AiP) status from shipping classification society DNV.
Insurance
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UK P&I Club hosts Sailors Society webinar for maritime schools in India
The UK P&I Club is to host a Wellness at Sea webinar for international maritime welfare charity Sailors Society on Thursday 30th September for maritime colleges in India and their current students.
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Carriage of containers on vessels not specifically designed for the purpose
The shipping industry is currently witnessing an exceptional boom in the container trade, and due to the increasing demand, some freight forwarders and other parties are exploring unconventional methods to accomplish their targets and commitments.
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UK P&I Club announces promotion of Anuj Velankar to Regional Loss...
The UK P&I Club, one of the leading providers of P&I insurance and other services to the international shipping community, has appointed Anuj Velankar as Regional Loss Prevention Director.
Oil & Gas
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Lundin Energy's Lille Prinsen Appraisal Drilling a...
Swedish oil firm Lundin Energy has completed appraisal wells on the Lille Prinsen discovery, north of the Edvard Grieg field in the North Sea, offshore Norway.
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Ithaca Energy's North sea oil find 'a ray of...
Energy intelligence firm Wood Mackenzie has shared that Ithaca Energy has made an oil discovery at Fotla prospect in the UK North Sea, labeling it "a ray of light" in what’s been a tough year for UK exploration activity, with 2021 on track for the fewest number of completed wells since the 1960s.
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Oil tankers jam off Louisiana coast as ports assess storm...
More than two dozen oil vessels were clustered off Louisiana seaports on Tuesday as the U.S. Coast Guard and port operators assessed damages wreaked by Hurricane Ida, according to sources and Refinitiv Eikon data.
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Third time's a charm? ExxonMobil Spuds Sapote-1 well...
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons.
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Spirit Energy finds more gas at Grove Field, extending its...
UK-based oil and gas company Spirit Energy has said it has discovered more gas at its Grove field in the UK North Sea, close to the UK–Netherlands median line.
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Global Maritime, BP sign 3-year deal
Marine, offshore, and engineering consultancy Global Maritime has recently signed a Framework Agreement with BP to provide the oil firm with specialist marine services.
Ports
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Port of Felixstowe Welcomes World’s Largest Container Ship
The Ever Ace, the world’s largest container ship, has made its maiden call at the Port of Felixstowe, the UK's biggest container port. The Evergreen-operated vessel departed Qingdao, China in July, and she called in Rotterdam and Hamburg to offload a portion of her cargo before arriving at Felixstowe.
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Adani Ports handles cargo volume of 23.32 MMT in August 2021; Stock gains over...
Adani Ports & Special Economic Zone Ltd (“APSEZ”) has informed its operational performance for August 2021 on Thursday. The company’s stocks gain amid monthly data report.
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The making of a state-of-the-art terminal
Long Beach Container Terminal and the Port held a grand opening to celebrate the completion of the Middle Harbor Redevelopment Project. The modernization project has transformed two aging terminals into one of the world’s most technologically advanced container terminals.
Finance
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Evergreen Orders $1B in Feeder Ships as Orderbook Nears All-Time High
The rush to build new containerships is continuing with orders poised to set a record for the total orderbook before the end of 2021. With its new ultra-large containership, the Ever Ace, still on its maiden voyage, Evergreen Marine confirmed that it placed an order valued at nearly $1.1 billion for feeder ships as the Taiwanese carrier continues the rapid buildout of its fleet.
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Greece to Invest $1.2 Billion in Port and Ferry Service Upgrades
The Government of Greece with the support of the European Union is launching a $1.2 billion program designed to upgrade and enhance maritime operations in Greece. The projects will focus both on enhancement and repairs to the country’s ports as well as efforts to improve ferry service both inter-island and from the mainland.
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China Merchants Port 1H Net HK$4.71B Vs. Net HK$1.55B
Demand for container shipping is likely to rise in the second half of the year as the gradual recovery of the world’s economy leads to more global trade, China Merchants Port Holdings Co.
Shipping
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Two Cruise Ships Join New Orleans Hurricane...
Two cruise ships have joined in the efforts to aid New Orleans and Louisiana in the recovery from the damage left behind from Hurricane Ida. The cruise industry has a long history of working with both public and private enterprises in these situations and currently two ships have been chartered to act as housing for the relief efforts.
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Shipbuilding Boom Reaches Great Lakes: 10 “Super-...
The rapid growth in shipbuilding orders in 2021 has now reached the Great Lakes with one of the largest newbuilding orders for the waterways. Canada’s dry bulk shipping group Fednav placed an order for 10 new ocean-going lakers. It represents a nearly 10 percent increase over the company’s current fleet of 120 vessels with the order being a key element of fleet modernization and designed to support Fednav's sustainability goals.
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Seaspan increases its record orderbook as Zim...
The unabated strong demand in the container shipping markets and positive long-term is continuing to drive the orderbook towards an all-time high while also attracting new investors into the segment. Among the areas seeing the strongest growth is the charter market, which permits the shipping lines to expand without upfront capital outlays and provides a strong, steady income for investors building the new ships.
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Uzbekistan joins World Logistics Passport
In a boost to its global trade networks and partnerships, Uzbekistan has today joined the World Logistics Passport (WLP) as a Gateway. The signing event took place in Tashkent and was attended by H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy; H.E. Sardor Umurzakov, Deputy Prime Minister and Minister of Investment and Foreign Trade, Republic of Uzbekistan and Mahmood Ahmed Al Bastaki, Chief Operating Officer, DT World and General Manager of the WLP.
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With merger, Navios creates largest NYSE-listed...
Two of Navios' NYSE-listed shipowning companies are set to merge, and their combination will create the largest shipping firm by vessel count on an American stock exchange.
Legal & Regulations
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WFW Advises Lenders On Secured Term Loan Financings For Navios Acquisition
Watson Farley & Williams (“WFW”) has advised certain lenders in connection with newly arranged secured term loan financings used to assist Navios Maritime Acquisition Corporation (“Navios Acquisition”) finance part of the redemption price of its outstanding 8.125% First Priority Ship Mortgage Notes.
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New reporting requirements for foreign flag vessels entering China
Further to our recent update on China’s Maritime Traffic Safety Law (MTSL), the Maritime Safety Administration (MSA) has issued a new circular requiring foreign flag vessels to make mandatory reporting prior entering the territorial waters of China.
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Ince strengthens global brand with launch of Ince Corporate Finance
International legal and professional services firm, Ince, today announces its subsidiary business, James Stocks & Co, will begin trading as Ince Corporate Finance as of 1 September 2021. The business will continue to be led by Tim Stocks, Founder and Managing Director, who has over 30 years’ experience in private practice as a lawyer specialising in corporate finance and securities work.
Environment
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SEA-LNG: Orders for Dual-Fuel LNG Vessels Accelerating in 2021
SEA-LNG, the Industry coalition established to promote the advancement of LNG, issued an analysis of the new ship construction orders as an opportunity to focus on the growth in LNG-fueled vessels. The group is highlighting 2021 as a banner year for new LNG dual-fuel vessel orders saying that the deep-sea sectors of the maritime industry are increasingly ordering dual-fuel newbuilds as a near-term solution and to protect their investments.
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Ammonia bunkering technology company Azane Fuel Solutions and project partners receives public funding for World’s first green ammonia bunkering terminal
Azane Fuel Solutions’ first project “Ammonia Fuel Bunkering Network”, which will build a green ammonia bunkering terminal, have received confirmation that it will be granted NOK 89 million (EUR 8,600,000) through the Norwegian Green Platform Initiative. This was announced by Minister of Climate and Environment in Norway, Mr. Sveinung Rotevatn in Florø, Norway.
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EU Regulators highlight shipping's share of European carbon footprint
A new report from Europe's environmental regulators finds that shipping is among the EU's leading sources of greenhouse gas emissions, suggesting a need to accelerate the industry's decarbonization effort.
Education
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In-person academic year starts at the Arab...
The first semester of the academic year 2021/2022 has started at the Arab Academy for Science, Technology and Maritime Transport Sharjah Branch (AASTS) in Khorfakkan. This supports the Academy’s strategy to empower the Arab maritime sector with academically-and-professionally qualified personnel.
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The Arab Academy for Science, Technology and...
In line with its ongoing efforts to empower young Emiratis to work in the maritime sector, the Arab Academy for Science, Technology and Maritime Transport Sharjah Branch (AASTS) has signed a cooperation agreement with Zakher Marine International to train the Academy’s students on board its fleet. Zakher Marine is a leading marine services company based in Abu Dhabi and specialises in providing offshore support services. It has one of the biggest and most diverse fleets of marine support vessels in the UAE.
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The Arab Academy for Science, Technology and...
In line with its ongoing efforts to empower young Emiratis in the maritime sector, the Arab Academy for Science, Technology and Maritime Transport Branch in Sharjah (AASTS) has adopted the world's best simulation systems from Kongsberg, a prestigious international company that specialises in building and developing simulators. The state-of-the-art equipment will be used to train the Academy’s students to operate different marine vessels and ships, also giving them the experience of sailing in different weather conditions similar to ones encountered in real life.
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Port of Newcastle: Indigenous STEM Scholarship...
A young Aboriginal leader with an unshakable desire to help others in his community is a step closer to achieving his dreams thanks to Port of Newcastle’s inaugural Indigenous STEM Scholarship, awarded in partnership with the University of Newcastle.
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Ports & shipping ministry to set up maritime...
Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal on Friday said his ministry would set up a maritime institute in Assam, a step towards making the northeast an engine of growth for the country.
Women in Maritime
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Eaglestar signals equal opportunity with first female Malaysian Master
Malaysian ship management company Eaglestar has appointed its first female Malaysian master mariner as captain aboard one of its vessels.
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Swiger to Retire from ExxonMobil after 43 Years. Mikells to Become SVP, CFO
Andrew Swiger, senior vice president of Exxon Mobil Corporation, has announced his intention to retire effective September 1, after more than 43 years of service.
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Strategic partnership to empower port women
More women are joining the maritime ranks in a variety of professions within the industry. To encourage this trend and with a view to continuing the momentum to empower women in the maritime community, IMO supported two virtual training courses aimed at female officials from maritime and port authorities.
Techonology
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Hurtigruten Names New Hybrid Ship at Arctic Port of Svalbard
Hurtigruten Expeditions celebrated 125 years of operation with the naming of a hybrid battery-powered ship at the location where its expedition cruising began in 1896.
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Vladivostok Commercial Sea Port set to be transformed into Russia’s first ‘...
A major agreement between FESCO Transport Group, BINOM its IT partner, and NtechLab, a world leader in video analytics, will create landmark ‘smart’ shipping port.
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DAKOSY and dbh digitalize the release process for „German Ports“
A German joint solution for the digitalized release process of import containers is being developed by the service providers DAKOSY AG, Hamburg, and dbh Logistics IT AG, Bremen, both of whom specialize in port community systems. By the end of the year, the first shipping companies and forwarders will be connected to the platform, which will be henceforth marketed under the label “German Ports.”
Dredging
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Port of Morgan City reopens; dredging set to...
The Coast Guard on Wednesday reopened waterways in and around the Port of Morgan City, including the Atchafalaya and the Bayou Chene, from Amelia to the west.
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LCRA seeks public input on proposed Highland...
The Lower Colorado River Authority is taking public comments on a proposed dredging ordinance for the Highland Lakes through Friday, Sept. 24.
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Billion-dollar dredging work at Port Houston...
A significant milestone in the history of the Houston Ship Channel was recognized today with the formal presentation of the Project Partnership Agreement (PPA) between the U.S. Army Corps of Engineers (USACE) and the Port of Houston Authority (Port Houston) for the channel's billion-dollar widening and deepening program, Project 11.
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Port of Houston signs partnership agreement on...
A significant milestone in the history of the Houston Ship Channel was recognized with the formal presentation of the Project Partnership Agreement (PPA) between the U.S. Army Corps of Engineers (USACE) and the Port of Houston Authority (Port Houston) for the channel's billion-dollar widening and deepening program, Project 11.
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Federal funding secured for the dredging of the...
Connecticut Senators Murphy and Blumenthal announced that $2.8 million in funding for the dredging of the Saugatuck River has been secured in the Fiscal Year 2022 Energy and Water Development Appropriations Bill. While Westport is in a strong position to receive these funds, the Bill needs to be passed on the Senate floor and then signed into law.
LIFESTYLE
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Soneva in Aqua launches new series of rare on-...
Soneva in Aqua, the ultra-luxury yacht that sails from the Soneva Fushi and Soneva Jani luxury eco-resorts in the Maldives, has launched a series of exciting new on-board experiences, both above and below the waves.
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Regent Seven Seas Relauches Luxury Cruising
Regent is restarting its vessel operations, resolving the logistical requirements to bring its crewmembers back to its ships, and implementing strong health and sanitation protocols to ensure guest safety - including a 100-percent vaccination standard for passengers and crew. Its smaller ships and very high space ratios put Regent in an excellent position as the restart moves forward, according to Montague.
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60 SUNREEF POWER: THE INTERIORS REVEALED
Sunreef Yachts proudly reveals the interior renders of the new 60 Sunreef Power.
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Dubai welcomes unwanted cruise liners amid virus...
Dubai has welcomed thirteen foreign cruise ships that were at sea while most countries have closed maritime borders due to the coronavirus pandemic.
OFFSHORE
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Canada: Near Miss Incident on ExxonMobil's...
ExxonMobil Canada has reported that a near-miss incident occurred on the Hebron offshore platform in Canada earlier this week when a hoist hook fell on the deck. Nobody was injured but the incident had the potential for fatality.
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Hurricane Ida: Shell's offshore platform...
Oil major Shell said Thursday its U.S. Gulf of Mexico West Delta-143 (WD-143) offshore facilities had been damaged by Hurricane Ida.
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Pemex restores offshore production after fire...
Mexican state oil company Pemex says that it has fully restored 420,000 barrels of oil per day of production from the Ku-Maloob-Zaap offshore oilfield complex, just one week after a devastating fire tore through one of the field's production platforms and killed seven workers.
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CGX to drill another well in Guyana using Maersk...
CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed.
