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Top News
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DP World Slashes Carbon Emissions in UAE by Accessing Renewable Energy
DP World has cuts carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).
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AD Ports Group Certified a Great Place to Work® for Commitment to Investing in Employees Success...
AD Ports Group has been certified a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East.
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AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY
AD Ports Group announced its financial results for the third quarter of 2023, reporting revenue growth of 189% YoY to AED 4.24 billion, which included the effect of M&A activity and notably Noatum’s Logistics, Maritime, and Ports businesses. Revenue growth reached 113% YoY on a LFL basis, excluding effect from M&A activity.
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Aramco wins global Infrastructure & Building Award for smart city platform A’amer
Aramco has been recognized on the world stage for its adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology. The company’s A’amer platform, which revolutionized the management of residential and commercial facilities and services at the company’s Dhahran headquarters, won the Infrastructure & Building Award at the World Smart City Awards in Spain.
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AD Ports Group Acquires 10 Offshore Vessels for around US$200 million
AD Ports Group announced the purchase of 10 offshore vessels, that will bolster offshore operations in the Middle East and Southeast Asia.
Classification
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ClassNK releases "Guidelines for Cyber resilience of on-board systems and equipment" - describing new regulatory requirements for cybersecurity
ClassNK has released "Guidelines for Cyber resilience of on-board systems and equipment". The guidelines expound new IACS Unified Requirements (UR). For supporting the consideration of measures to ensure the cybersecurity of ships.
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EPE YACHTING receives DNV certification for TRITON FIT
EPE YACHTING received certification from DNV to confirm that its TRITON FIT sewage treatment plant (STP) fully complies with IMO Resolution MEPC 227(64).
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ERMA FIRST receives coveted Type Approval from South Korean flag for Ballast Water Treatment Solution
ERMA FIRST received the coveted South Korean flag Type Approval for its market-leading ERMA FIRST FIT BWTS.
Insurance
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NorthStandard to provide first ever Strike & Delay cover for adverse weather
NorthStandard’s Strike & Delay class has introduced Weather Cover into its suite of risks, providing shipowners and charterers with the first ever marine insurance protection to mitigate the threat posed to ships solely by adverse weather conditions.
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ICE Digital Trade announces IG P&I Approval for Local Law eB/L Solution
ICE Digital Trade, a part of Intercontinental Exchange, Inc. (NYSE: ICE), announced that its ICE CargoDocs Local Law eB/L solution has received approval by the International Group of P&I Clubs (IG), representing the 12 Protection and Indemnity (P&I) Clubs which insure 90% of the world’s ocean-going tonnage. The approval means that ICE Digital Trade can support eB/Ls governed by the law of any country which has enacted the Model Law on Electronic Transferable Records (MLETR) or equivalent, without the need for all participants to have signed its multilateral DSUA. The announcement is preceded by the recent issuance of IG P&I circulars to Club members, confirming the approval (a sample of which can be found here).
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New CII clause – advice to owners and charterers
BIMCO has just issued a new Carbon Intensity Indicator (CII) clause for voyage charterparties. Here are the main issues owners and charterers should be aware of.
Oil & Gas
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AD Ports Group Expands Shipping Operations in Kazakhstan...
AD Ports Group in collaboration with KazMorTransFlot (KMTF), national shipping company of Kazakhstan, fully-owned by the national Kazakhstan oil company – KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan's oil across the Caspian Sea.
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New Fortress Expects LNG from Mexico Altamira FLNG by Year-...
U.S. energy company New Fortress Energy NFE.N expects to produce the first liquefied natural gas (LNG) at its Altamira export plant in Mexico by the end of the year, it said on Wednesday.
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Guyana Says Another 'Significant Discovery' Made...
An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a "significant discovery" of oil and gas, the South American country's energy ministry said on Thursday.
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Pemex Agrees 7.82% Hike in Wages, Benefits with Union
Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.
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Suspected Leak Forces Shutdown of Strategic Gas Line Under...
Natural gas utilities in Estonia and Finland have had to shut down a subsea gas pipeline under the Baltic because of a suspected leak, operator Elering said in a statement Sunday.
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ADNOC Partners with EDGE to Use UAE-made Drones to Minimize...
ADNOC has announced a partnership with EDGE Group PJSC (‘EDGE’), one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations.
Ports
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MSC’s Offer to Acquire Hamburg’s Port Operator HHLA Proceeds to Next Phase
MSC Mediterranean Shipping Company has reached another key step in its proposed investment in HHLA (Hamburger Hafen und Logistik Aktiengesellschaft) which operates the port of Hamburg. The first phase of the tender offer process was completed on November 20 and is now moving into a mandatory second phase which runs until December 7 with the company reporting good progress to complete the proposed acquisition.
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Container Imports Volumes Defy Projections, But Retailers See Q4 Declines
Container import volumes at U.S. ports accelerated into the fall this year defying most expectations and historical peak season declines despite many reports of weak volumes and falling rates. The monthly data from logistics technology platform provider Descartes Systems Group points to surprising strengths while the National Retail Federation is warning that retail imports have likely peaked for 2023.
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Adani Gangavaram Port enhances infrastructure by inducting new cargo handling...
Adani Gangavaram Port announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment. The step is a part of Adani Gangavaram Port strategic investment plan to enhance capacity and productivity at the port. The cargo handling equipment’s include 2 new Grabs (capacity – 46 CBM each) & 2 new Cargo Hoppers (capacity – 60 MTs each). With a capital outlay of INR 6 Crores the new equipment’s will augment port capability to handle cargo with efficiency and result in shorter turnaround time.
Finance
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Bankrupt Retailer Bed Bath & Beyond Says MSC Owes it $315M in Compensation
Bankrupt former retailing giant Bed Bath & Beyond is continuing its battle against the shipping industry which it blames as a key contributor to the demise of its business. The company closed down earlier this year and as it works to resolve the creditor claims it is once again turning to the Federal Maritime Commission. This time it filed a whopping $300 million claim against MSC Mediterranean Shipping Company seeking compensation for the increased shipping costs and detention and demurrage charges the company incurred in 2020 and 2021 and now also for lost profits.
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Colombia Speeds Up Plan to Raise "Holy Grail" Wreck's $20B...
The Colombian government has launched an effort to recover the lost treasure of the Spanish galleon San José, the "Holy Grail of shipwrecks." The galleon went down in the 18th century and is believed to hold up to $20 billion worth of gold and jewels, but its fate has been caught up in litigation.
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Prysmian Group Inks €900 Million Cable Systems Deal with Clean Path New York
Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States.
Shipping
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ABB to power new Spanish Navy submarine rescue...
ABB has secured an order with Spanish state-owned shipbuilding company Navantia to supply the Spanish Navy’s forthcoming submarine rescue vessel, Poseidon, with high-performance, DC-based power and distribution. Following the delivery scheduled for 2026, the vessel will be the first of its kind equipped with this system., The ship will be responsible for executing and supporting submarine missions, including diving operations, intervention and rescue in accidents and shipwrecks and underwater surveillance, including protection of cultural heritage.
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Gibdock extends sustainability skillset to...
A seamless application of shipping’s first antifouling coating to successfully integrate highly durable graphene provides further evidence that Gibdock’s remains ahead of the curve as a shiprepair and conversion yard geared up for the sustainable maritime future.
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Team Electric expands in Poland with Remontowa...
Team Electric has signed an agreement with Remontowa Shiprepair Yard, Gdansk to provide electric systems consultancy and installation services for three Polsteam Ro-Pax ferries, in support of the project marking the extension of the Polish yard’s services to the newbuilding market. The three-year agreement coincides with the Finnish turnkey engineering solutions provider opening Team Electric (Poland), Gdynia as a subsidiary.
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DonJon-SMIT Refloats Grounded Cargo Ship Bonnie G
Salvors have successfully refloated the inter-island cargo ship Bonnie G from a coral shoal just off St. Thomas in the U.S. Virgin Islands.
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ABB and Carnival Corporation sign strategic...
ABB and Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) have signed a long-term partnership agreement to collaborate on continued operational excellence and ship performance across the cruise company’s fleet using systematic maintenance planning, critical spares management, and cutting-edge digital solutions for condition monitoring. The contract was booked in Q3 2023.
Legal & Regulations
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Deep-Sea Mining Company Sues Greenpeace to Remove Activists From Ship
A small group of protesters from Greenpeace have hung up the operations of the deep-sea mining research vessel Coco, prompting the vessel's charterer to file a lawsuit seeking an injunction, the activist group said Tuesday.
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CJC appoints trio to reinforce dual strategy for growth
Three senior appointments by Campbell Johnston Clark (CJC) have reinforced the international maritime law firm’s strategy to grow both its litigation and transactional activities. All three individuals join CJC’s London office from another maritime law firm.
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U.S. Coast Guard Offloads $450 Million in Cocaine in Port Everglades
The U.S. Coast Guard cutter USCGC James offloaded nearly $450 million worth of seized cocaine onto a secure pier at Port Everglades - not to supply Miami's partygoers, but to destroy it.
Environment
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Maersk Commits to Large, Green Methanol Offtake Deal with China’s Goldwind
Maersk signed what the company is calling a milestone deal for the offtake of green methanol fuel from China for its fleet. It is the latest in a series of steps the carrier has taken over the past few years to build a global supply chain for green fuel as it prepares to launch its first class of methanol dual-fueled containerships and is exploring the conversion of existing ships to the fuel.
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IMarEST UAE champions sustainable shipping in Tanker conference
The Institute of Marine Engineering, Science & Technology (IMarEST) UAE branch played a pivotal role in the 8th annual The Maritime Standard Tanker Conference. With a primary focus on environmental protection and sustainability, the conference explored how tanker shipping could lead in achieving the IMO’s ambitious GHG reduction targets. The theme ‘Net zero tanker shipping setting the global decarbonization agenda’ aligns well with the upcoming COP 28 Climate Conference hosted by the UAE.
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Wallem Group makes strides in decarbonisation
Wallem Group is proud to have welcomed two dual fuel vessels, Angleviken and Askviken, into management in the last few months. The two LR2 tankers, delivered by Guangzhou Shipyard International, demonstrate Wallem’s commitment to building its expertise in managing and operating the vessels of the future and being a partner to our clients who drive decarbonisation in the maritime industry. Wallem is also preparing to take delivery of multiple new build DF PCTC vessels in the near future.
Education
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UDST signs MOU to enhance maritime education in...
The University of Doha for Science and Technology (UDST) and DNV Hellas S.A. signed a Memorandum of Understanding (MOU) to advance training, competence, and knowledge in the maritime sector.
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Onboard Maritime to provide Clyde Marine Training...
Onboard Maritime (OM) has been appointed by the UK’s largest maritime training provider, Clyde Marine Training, to provide a digital training support platform to Officer Cadets when onboard vessels.
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Record Number of Women Admitted to Danish...
The number of female students admitted to Danish maritime education programs has increased by 67%.
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MPL signs maritime education agreement with...
The Maldives Ports Limited (MPL) and the Netherlands Maritime University College (NMUC) have signed an agreement to enhance maritime education.
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Sharjah Ruler issues a law regulating Sharjah...
H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Law No. (2) of 2023 AD regarding the organisation of the Arab Academy for Science, Technology, and Maritime Transport in Sharjah.
According to the Law, the name "Arab Academy for Science, Technology and Maritime Transport in Sharjah", wherever it appears in legislation and all administrative, financial, legal and other transactions, shall be replaced with the following name: "Sharjah Maritime Academy".
Women in Maritime
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Crowley Names Guthman VP of Business Development for Wind Services
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.
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Indian Girl sails on Efficiency to conquer the world of hardship.
Varsha, born as the only daughter of struggling paramedical staff parents working far away from home, was brought up by her Grandmother. With no fancy memories to remember except loneliness, books became her only companion. Despite securing 98% marks, her academic dreams seemed bleak. To get a job quickly and support her family, she decided to join the paramedical medical field like her parents. But her destiny changed when her parents got placed in Aries Group, the world's largest Ship design and inspection Firm. With an effective efficiency measuring system for their Staff and Children, Aries identified Varsha’s potential. They sponsored her to join the Naval Architecture course at Sree Narayana College, Cochin.
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DP World’s Mervel Kotzebue-Fleur Wins ‘2023 Maritime Award of the Americas’
Mervel Kotzebue-Fleur, General Manager of DP World Paramaribo, has been named winner of the 2023 Maritime Award of the Americas in the Outstanding Women in the Maritime and Port Sector category. The award recognizes “the leadership and dedication of an outstanding woman through significant achievements, as well as professional contributions for the development of the maritime and port sectors in the Americas.”
Techonology
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Marlink adds Starlink and Eutelsat OneWeb to PONANT hybrid network for first...
Marlink, the smart network and digital solutions company has completed the integration of Starlink and Eutelsat OneWeb LEO internet services on PONANT’s Le Commandant Charcot, the world’s only luxury icebreaker, to provide all three LEO solutions for the ship’s polar itineraries.
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New One Sea member MAHI adds expertise in maritime autonomy
In what is proving to be a period of significant growth for One Sea, MAHI is the fifth new member in the past 12 months alone. MAHI also becomes One Sea’s first member from Belgium, adding to a list that now includes representation from eight countries across three continents.
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Maersk Supply Service selects Inmarsat Fleet Data end-user API to enhance...
Maersk Supply Service has selected Fleet Data IoT platform from Inmarsat Maritime, a Viasat business, to help optimise the performance of its first vessel battery installation onboard Maersk Minder Offshore Supply Ship, in a solution which will also allow the owner to evaluate how best to optimise the use of zero-emission energy storage systems across its fleet.
Dredging
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Port of Morgan City Expansions and Dredging...
The Port of Morgan City’s Marine Terminal Dock Expansion Project at 800 Youngs Road is making significant progress, with six dredges contracted by the Corps of Engineers to support the ongoing work. Unprecedented funding has been allocated to ensure a consistent, navigable channel 20 feet deep by 400 feet wide for industrial use, driving economic growth for the Port District.
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DEME Secures Several Dredging Contracts in Asia
DEME announced it has won several capital and maintenance dredging contracts in India, the Maldives and Malaysia, worth €150 million-300 million combined.
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NMDC Group announces new brand identity
NMDC Group has announced the official launch of its new brand identity and architecture, unifying the visual essence across its subsidiaries with the unveiling of a new corporate image during a special event held yesterday in Abu Dhabi.
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Savannah seeks new dredging project to attract...
The Georgia Ports Authority (GPA) wants to deepen the Savannah River shipping channel to accommodate larger ships carrying the growing volumes of cargo from India formerly sourced from China.
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Salmon Harbor achieves milestone dredging project...
Douglas County Board of Commissioners Tom Kress, Chris Boice, and Tim Freeman are proud to announce the successful completion of a historic dredging project at Salmon Harbor Marina in Winchester Bay,.
LIFESTYLE
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Gulf Craft Explores Emission-Free Yachting
Gulf Craft, one of the worlds’ leading boat and yacht manufacturers, has announced the exploration of hydrogen technology for its superyacht fleet.
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Sandbank 111' Gulf Craft Yacht Hits the...
Gulf Craft's 34 meter Sandbank, is now available for purchase through Northrop and Johnson’s Yacht Broker Kristen Klein, with an asking price of USD14,000,000. Launched in 2023 from the Gulf Craft shipyard in the UAE, this Majesty 111 has already made waves in the industry. -
Barcelona Moves Cruise Ships Out of City Center
Barcelona has followed Venice's lead and relocated all large cruise ships out of its central core, reducing pollution and pedestrian traffic in a popular historic district.
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MSC Continues Introduction of Explora I, First of...
MSC is continuing the introduction of its new luxury cruise brand Explora Journeys with an event in New York City. The company has committed to an investment of more than $3.5 billion for the construction of six cruise ships as it works to build its vision of luxury cruising with a European flair.
OFFSHORE
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BERG Propulsion provides systems integration for...
Berg Propulsion has been selected to provide state-of-the-art control and propulsion technology for what will be one of the largest hybrid tugs ever delivered, after owner Buksér og Berging AS (BuBe) agreed specifications with Türkiye’s Uzmar Shipyard for its latest newbuild. The project will showcase Berg’s roles as an integrator of electric propulsion technology and a supplier of high performance propulsion equipment.
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Ahead of Schedule: ExxonMobil Guyana Takes...
Dutch FPSO leasing firm SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024.
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Subsea 7 Bags 'Major' Contract Offshore...
Offshore services firm Subsea 7 confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin.
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HD Hyundai to Build Offshore Platform for Korea’s...
HD Hyundai is accelerating its efforts to develop new business opportunities using its offshore expertise to develop a platform for South Korea's largest Carbon Capture and Storage (CCS) project. The shipbuilding division notes that it participated in the construction of the offshore gas field 20 years ago and now will again play a key role in the repurposing of the field for its new role.
