Top News
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UAE demonstrates its Maritime contributions and competencies at IMO
Presenting its profile for category B candidacy in the International Maritime Organisation (IMO) Council at the organisation’s focus group in London, the UAE’s delegation has displayed very powerful contributions made to the sector over the years, that have influenced the industry globally.
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UAE showcases its maritime industry’s competencies during the IMO Council election’s reception
The UAE is currently regarded as one of the most significant maritime hubs across the globe. Capitalizing on its strategic location, beneficial practices, decisions, and legislations, the nation is now considered to have one of the most developed maritime infrastructures, safety standards, and marine environments globally.
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SAFEEN Feeders Bolsters UAE-Coastal Feeder Service Fleet with Addition of SAFEEN Pearl
SAFEEN Feeders, a leading container feeder operator of AD Ports Group, has today announced acquisition of a container ship that will join its feeder service fleet in the Arabian Gulf.
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Jebel Ali Port and JAFZA set to showcase their offerings at GPCA
DP World's flagship Jebel Ali hub including Jebel Ali Port and Jebel Ali Free Zone (Jafza) plays an integral role in enabling the petrochemical sector in the UAE and the Middle East. The entity will highlight the growth prospects in the sector and their competitive offerings with their participation in the 15th edition of Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum.
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AD Ports Group’s Mugharraq Port Wins International Port Tag
AD Ports Group today announced that Mugharraq Port, a strategic port located in the Al Dhafra Region, has been recognised as an international port facility.
Classification
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LR and InterManager share new insights into the main causes of lifeboat accidents.
Working with InterManager, the international trade association for the ship management industry, Lloyd’s Register (LR) has used its SafetyScanner machine learning technology to identify new, previously unseen insights surrounding lifeboat accidents, which will help improve lifeboat safety at sea.
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ClassNK adds liquefied hydrogen carrier to its register
ClassNK has added the world’s first liquefied hydrogen carrier built by Kawasaki Heavy Industries (KHI) to its register.
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Wärtsilä partners with China Classification Society and Tianjin Port Group to advance China’s intelligent vessel standards and next-gen tug technology
The intelligent marine technology company, Wärtsilä Voyage, has signed an MoU with the China Classification Society (CCS) and Tianjin Port to advance China’s intelligent vessel technology and deploy next-generation tugboat technology at one of the busiest ports in the world. The project’s scope includes delivering advanced situational awareness technology, and providing highly advanced digital simulators, which will significantly enhance and expedite vessel concept testing, including intelligent and autonomous algorithm testing, training, and safety. The next-generation intelligent tugboat is expected to begin operation in the fourth quarter of 2023.
Insurance
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Ratings Agency S&P Global revises UK P&I Club’s rating from A (negative...
The UK P&I Club (“The UK Club”), a leading provider of P&I insurance and other services to the international shipping community, has had its rating revised from A (negative) to A-(Stable) by the rating agency S&P Global.
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IUMI: Global marine insurance premiums for 2020 increased by 6.1% from 2019 to...
The International Union of Marine Insurance (IUMI) releases its 2021 analysis of the global marine insurance market – known as IUMI Stats Report.
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The American Club: Development Of Closed And Open Policy Years, Premium And...
At its meeting held virtually from New York yesterday, your Board reviewed the American Club’s present and prospective circumstances by reference to a variety of factors. This Circular describes the issues discussed by your Board, and the decisions it reached in consequence of those discussions.
Oil & Gas
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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.
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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.
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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.
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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.
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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.
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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
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First Berths at Singapore's Gigantic Tuas Port Set Enter Service
Singapore is cementing its position as a Far East maritime powerhouse with the announcement that the first two berths at its futuristic Tuas Port will commence operation this month.
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Port of Tianjin Signs Up for Semi-Autonomous Tugs
China’s Port of Tianjin has plans to deploy next-generation tugs with decision-support systems, thanks to the support of Wärtsilä and China Classification Society.
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HAROPA PORT and Brittany Ferries inaugurate the new Ireland-Le Havre freight...
In Le Havre, Brittany Ferries is launching a new freight service between Normandy and the town of Rosslare in Ireland. Underpinned by the dynamic generated by reorganisation of trade between Ireland and the European continent, this service provides one weekly return trip, beginning on 12 November.
Finance
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After Wakashio, MOL Sets Up Blue-Economy Fund for Mauritius
MOL plans to support the development of Mauritius' blue economy after a massive oil spill by one of its chartered-in bulkers left devastating impacts on the Island nation.
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Soaring Boxship Prices Make China the Top Shipowner by Value
China has become the world’s top shipowning nation by fleet value, displacing longtime leader Japan, according to consultancy VesselsValue.
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WFW advises CA-CIB and HCOB on US$140m financing for GSL
Watson Farley & Williams (“WFW”) has advised Credit Agricole Corporate and Investment Bank (“CA-CIB”) in its capacities as facility agent, security agent, joint mandated lead arranger and lender and Hamburg Commercial Bank AG (“HCOB”) in its capacities as joint mandated lead arranger and lender on a US$140m financing made available to members of the Global Ship Lease, Inc. (“GSL”) group to finance part of the acquisition costs of twelve container vessels. The transaction involved a fleet acquisition from funds managed by Borealis Maritime Limited.
Shipping
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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.
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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.
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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.
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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.
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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
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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.
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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).
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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
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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.
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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
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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.
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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.
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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.
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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.
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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
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Teens make Pilbara history as first female marine cadets for world's largest bulk port operator
Two Pilbara teenagers are embarking on the biggest journey of their lives as they prepare to spend six months at sea working aboard a Rio Tinto bulk-carrier vessel.
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International Day for Women in Maritime will be observed on 18 May every year
The IMO Council, meeting from 8-12 November, today decided to establish an International Day for Women in Maritime, to be observed on 18 May every year.
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Biden White House Nominates its First Maritime Administrator
The Biden administration announced the long-awaited nomination of its first Maritime Administrator, the director of the U.S. Department of Transportation's Maritime Administration.
Techonology
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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.
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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.
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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
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Dredging Starts for $32M Southwest Louisiana...
Dredging has begun for a marsh creation project in southwestern Louisiana.
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Owners Can Arrange to Have Private Boat Slips...
Ocean City’s 2021-22 back bay dredging program will include maintenance dredging at North Point Lagoon, Snug Harbor, Carnival Bayou, Venetian Bayou, Sunny Harbor Lagoon, South Harbor Lagoon and Clubhouse/Bluefish Lagoons.
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Paradise Foreshore Commences Dredging, Land...
Paradise Foreshore Estate, an urban living redefined property has commenced dredging and sand-filling on-site in Lekki-Lagos, keeping to the promise of providing a pristine waterfront living experience for Nigerians.
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Augustine Beach Boat Ramp Continues Temporary...
Periodic closures of the Augustine Beach Boat Ramp near Port Penn and adjacent intertidal beach located on the south side of the existing rock groin will continue through Nov. 11 due to weather conditions delaying completion of the maintenance dredging project for the boat ramp access channel, the Delaware Department of Natural Resources and Environmental Control announced today.
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Dredging contractors honor Alabama senator
The Dredging Contractors of America (DCA) honored U.S. Sen. Richard Shelby, R-Ala., with its Lifetime Achievement Award in recognition of his leadership in support of critical maritime infrastructure investments..
LIFESTYLE
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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.
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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.
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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.
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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.
OFFSHORE
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Samsung Heavy Finds a Buyer for Unwanted...
Samsung Heavy Industries has found a buyer for an unwanted high-spec drillship that was canceled three years ago.
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Volvo Penta's Propulsion for American...
Volvo Penta has secured a contract to provide quad IPS propulsion systems for the four new offshore wind farm crew transfer vessels (CTVs) that will be built at Blount Boats for American Offshore Services (AOS).
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DeltaTek's Cementing Tech Saves Petronas...
Well construction firm DeltaTek said Tuesday that Petronas had recently used its cementing technology offshore Mexico for the first time.
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Contract Awarded for First U.S. Subsea Rock...
Seeking to realize the opportunities emerging in the offshore wind industry, Great Lakes Dredge & Dock Corp. confirmed that it is moving forward with the construction of the first Jones Act compliant subsea rock installation vessel. It represents an expansion for the company, which has been in the dredging industry for more than 130 years, as it seeks a role in the emerging offshore sector.
