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Insurance

Oil & Gas

  • ATC Signs MoU with Oman’s OQ for Energy Business...

    The Aramco Trading Company’s (ATC) signed today a non-binding Memorandum of Understanding (MoU) with Oman’s global integrated energy company, OQ SAOC, to explore joint commercial opportunities in the energy sector between the two companies.

     

  • UK North Sea: Exploration Well Count on Decline. Success...

    The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved. OGA has also highlighted opportunities for oil firms to boost production through well interventions.

     

  • Brazil's Economy Minister Says Oil Firm Petrobras...

    Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.

     

  • SNOC lauds national development program graduates

    Sharjah National Oil Corporation (SNOC) and its Italian partner Eni, have conducted the graduation ceremony of participants in its third National Development Program (NDP). The ceremony took place on October 28th and was attended by H.H. Shaikh Mohammed Bin Ahmed Bin Sultan Al Qasimi, Deputy Chairman of the Sharjah Petroleum Council (SPC), as well as senior management from SPC and SNOC.

     

  • Lukoil Makes Oil Discovery Offshore Mexico

    Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. 

     

  • Petrobras Extends Safe Notos Flotel Charter

    Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil.

     

Ports

Finance

Shipping

  • GRSE Kolkata launches large survey ship ‘...

    Garden Reach Shipbuilders and Engineers Ltd (GRSE) on Sunday launched the first large survey vessel of the GRSE-class, named Sandhayak. The Indian Navy will receive the ship in 2022.

     

  • MSC is Surpassing Maersk as World’s Largest...

    Analysts have been forecasting since the spring that MSC was on track to become the world’s largest container carrier surpassing MSC. It apparently happened this week as MSC continued to take delivery of recently acquired secondhand tonnage as well as the completion of newbuilds that will be operated by the carrier. MSC either moved ahead or tied with Maersk based on rated total capacity.

     

  • Synergy Group expands European footprint with...

    Synergy Group, one of the world’s leading ship managers, has further expanded its global footprint with the opening of a new office in Germany.

     

  • RRS Sir David Attenborough Departs on Maiden...

    A year after her delivery and several delays during her construction, Britain’s new polar research ship, the RRS Sir David Attenborough, is beginning her first research trip to the Antarctic. Costing more than £200 million ($268 million), the program to build the new research vessel represents the U.K. Government‘s largest investment in polar science since the 1980s.

     

  • Damen launches the ‘Multibuster 8020’

    Damen is set to launch a new vessel type - the multifunctional Multibuster 8020. With its unique shallow draught and DP2 capabilities, the Damen Multibuster (DMB) 8020 is a versatile vessel, suitable for a wide range of nearshore and offshore activities.

     

Legal & Regulations

  • The Eternal Bliss – Appellate decision clarifies the meaning of demurrage

    The judgment by the Court of Appeal in The Eternal Bliss means that parties should now turn their attention to consider exactly what damages/losses they want demurrage to cover.

     

  • U.S. EPA fines two commercial ships over Vessel General Permit violations

    The U.S. Environmental Protection Agency (EPA) has assessed penalties totaling $81,474 against two commercial ships over inspection, monitoring, and reporting violations in California and Louisiana. The MSC Aurora container ship and the Western Durban bulk carrier both violated EPA’s Vessel General Permit (VGP) issued under the Clean Water Act (CWA).

     

  • WFW advises BPER Banca on FINAV tanker refinancing

    Watson Farley & Williams (“WFW”) has advised BPER Banca S.p.A. (“BPER Banca”), as lender, regarding a US$6.1m loan granted to FINAV Group, held by FINAV Holding S.p.A. and supported by Premuda S.p.A. (“Premuda”), for the partial refinancing of an Italian flagged medium range tanker.

     

Environment

  • Design Approval for Large Dedicated CO2 Carriers from ABS

    Efforts are continuing to develop a new, dedicated shipping operation that will play a key role in the proposed carbon capture storage and reuse projects currently proposed to help large industrial companies meet the goals to reduce harmful CO2 emissions. A Danish startup company, Dan-Unity CO2, reports that it has received design approvals from the American Bureau of Shipping for what may become the first dedicated CO2 carrier.

     

  • WinGD Expects Methanol and Ammonia-Fueled Engines By 2024 and 2025

    Swiss engine designer WinGD (Winterthur Gas & Diesel) has become the latest major engine manufacturer to provide its timeframe for the expected introduction of methanol and ammonia engines. The company reports that it is making strong progress, projecting that methanol-fueled engines will be available by 2024 and ammonia will follow a year later in 2025.

     

Education

  • Professional Diploma in Maritime Security study...

    The study programme for the Professional Diploma in Maritime Security from the Arab Academy for Science, Technology and Maritime Transport Sharjah branch (AASTS) has started this week. Twenty Dubai Police personnel are taking part in the programme, which in line with the Memorandum of Understanding (MoU) signed between Dubai Police and AASTS to promote cooperation in education, training and specialised studies in maritime security, as well as training personnel and exchanging expertise.

     

  • AASTS successfully participates at the...

    With the aim of training and inspiring a new generation of maritime leaders, the Arab Academy for Science Technology and Maritime Transport, Sharjah Branch (AASTS) have successfully participated in the 17th International Education Show 2021 scheduled from 19-21 October 2021 at the Expo Centre in Sharjah. Several hundred visitors including students, parents and professionals from government and private entities have visited  the AASTS pavilion that showcased the Academy’s advanced capabilities.

     

  • AASTS showcases latest digital solutions in...

    In their quest for contributing to an advanced digital economy, and to achieve digital transformation in the maritime industry, the Arab Academy for Science, Technology and Maritime Transport Sharjah Branch (AASTS) successfully participates at the 41st edition of GITEX, the UAE’s largest tech show scheduled to be held from 17-21 October at the Dubai International Convention and Exhibition Centre. At the event, AASTS demonstrates its latest offerings in maritime education and training, and the latest systems and technology implemented at the educational facility.

     

  • PRRD gives nod to limited face-to-face class in...

    After more than a year, maritime institutions have been given the go signal by President Duterte along with other schools to conduct limited face-to-face classes for qualified students of BS Marine Transportation (BSMT) and BS Marine Engineering (BSMarE) programs.

     

  • Abu Dhabi’s ASPIRE Launches Over US$3 Million...

    The Mohamed Bin Zayed International Robotics Challenge (MBZIRC) will be held in the UAE capital, Abu Dhabi, in June 2023, where tech innovators will participate to seek marine safety and security solutions to take home more than US$3 million in prize money.

     

Women in Maritime

Techonology

  • Fuel Cell Systems Discussed as MSC’s Newest Cruise Ship Floats Out

    MSC Cruises and Chantiers de l'Atlantique celebrated the beginning of the float out for the company’s newest and most technologically advanced cruise ship today, along with the placing of the first keel block for the company’s next cruise ship. Both of the ships will use liquified natural gas, making them the first ships built both in France and for MSC Cruises to operate on LNG, as well as outfitted with other new environmental technologies.

     

  • Simulations Used to Model Hybrid Battery Systems with Shaft Generators

    A group of companies from across the maritime industry is conducting a new research project designed to optimize ship design to incorporate battery hybrid systems into the main engines of large, ocean-going commercial vessels. In this joint research, which is being undertaken with NYK Line and MTI Co. of the NYK Group, along with ABS and engine manufacturer Winterthur Gas & Diesel (WinGD), they will seek to create an integrated simulation model for ships as a first step to the deployment of the battery technology on an NYK ship.

     

  • Inmarsat offers future-proof remote control connectivity for latest SEA-KIT...

    Inmarsat, the world leader in global, mobile satellite communications, has installed a new connectivity solution using virtualised networks that will establish higher standards for over-the-horizon uncrewed vessel control.

     

Dredging

LIFESTYLE

  • Google billionaire Larry Paige’s former yacht got...

    Similar to Steven Spielberg’s former superyacht, Seven Seas, Larry Paige’s Senses luxury yacht was a famous vessel known for its impressive silhouette and design. Built in 1999 by the German Fr. Schweers Shipyard, the 194-foot (59 meters) boat featured a luxurious interior styling by renowned designer Philippe Starck.
     

  • Meyer completes transfer of new AIDA Cruise Ship

    Meyer Werft completed the transfer of its 115th cruise ship from the building facility in Papenburg, Germany to Eemshaven in the Netherlands on Saturday, October 23. The challenging 25-mile journey, known as the conveyance, lasts approximately 18 hours requiring the massive cruise ship to fit through several narrow passages and a lock as it travels along the Ems river.

     

  • How the UAE could be home to floating shopping...

    Dubai-based Aqua Pod recently unveiled a mobile expanding fully self-sustained floating lounge and a marine e-commerce smart application – and has now set its sights on creating mobile floating shopping malls, residential communities and even cities.

     

  • 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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