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Top News
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Breakbulk Middle East 2023 unites industry leaders to identify opportunities for growth and...
Held under the patronage of the UAE Ministry of Energy and Infrastructure (MOEI UAE), Breakbulk Middle East (BBME), the leading breakbulk and project cargo event in the region, held its official press conference today in anticipation of the upcoming 2023 edition of its conference and exhibition. Notable industry leaders from the Ministry, DP World, Abu Dhabi Ports Group, DSV Solutions Abu Dhabi, and other esteemed organisations in the UAE gathered to reaffirm BBME’s commitment to facilitate the expansion of the industry in new markets, and catalyse the progress of the sector across the globe.
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EGYPS 2023 set to drive the energy transition conversation and address the reshaping of global...
With the global energy transition underway, the 6th edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from 13-15 February 2023 at the Egypt International Exhibition Center to propel the dialogue on energy security and climate action through collaborative industry efforts.
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Registration opens for Seatrade Maritime Logistics Middle East
Held under the patronage of the UAE Ministry of Energy and Infrastructure, Seatrade Maritime Logistics Middle East (SMLME), the leading maritime and logistics event in the region, announced the opening of registration for its 2023 edition. Taking place on 16-18 May 2023 at the Dubai World Trade Centre, this year's conference and exhibition aims to bring together industry leaders, experts, and decision-makers from across the region to share ideas aimed at driving innovation and progress in the sector.
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AD Ports Group Announces Inauguration of Aqaba Cruise Terminal
Under the patronage of Prime Minister H.E. Dr. Bisher Khasawneh, H.E. Sheikh Khalifa Bin Mohammed Bin Khalid Al Nahyan, UAE Ambassador to Jordan, and H.E. Tawfiq Kreishan Deputy Prime Minister and Minister of Local Administration in Jordan, inaugurated the first and only cruise terminal in Aqaba today, coinciding with the arrival of the cruise vessel MSC Splendida carrying more than 2,000 visitors to Jordan. The new Aqaba Cruise Terminal marks the launch of the first of five strategic mega-projects planned between AD Ports Group - the global facilitator of logistics, industry and trade - and Aqaba Development Corporation to advance the coastal city’s tourism, logistics and transport sectors.
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DP World's Jebel Ali Port and Jebel Ali Free Zone (Jafza) win accolades at The Business...
Hamad Al Sayegh, Head of Strategic Accounts, received the “Best Integrated Free Zone” award on behalf of Jafza.
Classification
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The Panama Ship Registry Continues To Adapt Its Processes For 2023
The Panama Ship Registry continues its leadership position worldwide, ranking first among the 10 most important merchant fleets by flag registry and gross tonnage, according to the latest World Fleet Monitor from the Clarksons Research database.
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NEW SURVITEC MES RECEIVES TYPE APPROVAL CERTIFICATION FROM BUREAU VERITAS
Following the launch at SMM last year, global Survival Technology solutions provider Survitec has announced that its new Marine Evacuation System (MES) Life Ark has received full-type approval from classification society Bureau Veritas.
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DNV awards AiP to Sumitomo and Oshima for innovative ammonia-fuel ship design
The AiP confirms that the vessel design meets the technical requirements and safety standards following a Hazard Identification Study on the associated risks of using ammonia as a fuel. The award comes as a result of a collaboration agreement Sumitomo Corporation and Oshima Shipbuilding signed in December 2021.
Insurance
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TT Club signs up to the Principles for Sustainable Insurance Initiative
Through Transport Mutual Insurance Association Limited (TT Club) is acutely aware of the requirements of all enterprises to take responsibility for achieving a sustainable future for the natural environment and to go further by adhering to the wider environmental, social and governance (ESG) aims. By applying the principles of this United Nations’ initiative, TT Club is underlining its commitment in a way that is relevant to its global risk management and insurance operations.
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Formal approvals keep merger plan on course to establish NorthStandard as...
Approvals from Competition and Regulatory Authorities are a major step in plan to merge North and Standard Club and establish NorthStandard.
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Formal approvals keep merger plan on course to establish NorthStandard as...
NorthStandard’s planned launch on 20th February 2023 will immediately see the merged organisation becoming one of the largest providers of mutual cover in the maritime industries, with over 300 years of shared P&I heritage and consolidated annual premiums of around US$750 million.
Oil & Gas
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Japan 2022 crude import volume up 8.5%, first y/y rise in...
Japan's customs-cleared crude oil imports rose 8.5% in 2022 from a year earlier, while the value of imported crude oil jumped 91.5% to 13.27 trillion yen due to soaring oil prices and a weaker yen, the Ministry of Finance (MOF) said on Thursday.
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Japan, ADNOC sign ‘Japan-UAE Collaboration Scheme for...
Japan’s Minister of Economy, Trade and Industry (METI) Nishimura Yasutoshi recently met with Abu Dhabi National Oil Company’s (ADNOC) CEO Sultan Al Jaber to discuss potential collaboration.
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Shell Starts Drilling High-Impact Gas Well Off UK
Supermajor Shell has started drilling operations on a high-impact gas prospect in the North Sea using a Noble-owned rig.
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Guyana’s oil exports double, with Europe taking half of...
Guyana’s oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer’s light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies.
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Norway awards 47 oil and gas exploration permits
Norway has awarded 47 new offshore oil and gas exploration permits to 25 firms in its latest mature areas licensing round, the energy minister said on Tuesday.
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Oil and gas major sector of cooperation for India with...
In a special media briefing at the outset of the 17th Pravasi Bharatiya Divas in Indore, Madhya Pradesh, the Ministry of External Affairs on Tuesday said that Oil and Gas cooperation are major sectors of cooperation for India with Guyana and Suriname amongst others. Skill development has been put in focus because it is an important subject.
Ports
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DP World's Jebel Ali Port and Jebel Ali Free Zone (Jafza) win accolades at...
Ahmed Badri, Senior Manager - General Cargo & RORO, received the "Best Port Operator” award on behalf of Jebel Ali Port.
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Business Continues to Grow as Port Processes Heavy Imports and Sets Volume...
The Port of Virginia® continues processing record-setting amounts of cargo having handled nearly 318,000 TEUs (twenty-foot equivalent units) in July and in doing so making it the most productive July in the port’s history.
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Jeddah Port adds North America-Indian Ocean connection to its network
The Saudi Ports Authority has added another new shipping service to its Jeddah Islamic Port as the Kingdom moves ahead with its plan to position the city as a major east-west hub.
Finance
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First Citizens Bank Arranges $44.2 Million of Debt Financing for Navios...
First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Proceeds from the financing, which is secured by product tankers, will be used by Navios Partners to refinance existing debt.
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$1.9bn expansion project launched at Dammam’s King Abdulaziz Port
The Saudi Ports Authority, also known as Mawani, on Tuesday, launched a project worth SR7 billion ($1.9 billion) to upgrade and develop two container terminals at the King Abdulaziz Port in Dammam.
Shipping
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OSM Maritime and Thome to merge to strengthen...
OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces, the companies will be building an even stronger platform on which they will continue to deliver world-class ship management services to their customers and continue to improve. The combined company will be named OSM Thome.
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LNG Delivering Decarbonisation
SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2022-2023 with you. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines what progress is anticipated in 2023. The document is illustrated with infographics and contains key statistics on the sector that we encourage you to use.
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KSOE wins W971b order for 3 LNG carriers
South Korea’s top shipbuilder Korea Shipbuilding & Offshore Engineering said Tuesday it has landed its first contract of the year worth 971 billion won ($784 million).
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Campbell Shipping extends relationship with...
Campbell Shipping will now be able to carry out remote maintenance, support and repairs, and comprehensive network protection, on top of global coverage already supplied by Fleet Xpress.
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Quinto Shipping orders 'Parsifal' type...
Last week, Dutch inland shipping yard Concordia Damen was commissioned to build and equip an inland shipping tanker for Quinto Scheepvaart B.V. from Zwijndrecht. At This also marks the switch, after 25 years, that family business Quinto makes from container shipping to tanker shipping.
Legal & Regulations
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New shipping regulation to combat global warming is under fire
The ocean shipping industry is just days away from the debut of the Carbon Intensity Indicator (CII), a new regulation meant to combat global warming. Even as an initial baby step, the CII is not inspiring confidence in the future decarbonization of shipping.
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Shura Council makes comments about draft version of Maritime Law
The Shura Council on Monday presented its comments about the draft version of the Maritime Law forwarded by the government for review.
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Maritime Developments in the Kingdom of Saudi Arabia
By: Khurram Ali, Partner, Ince
As a vast country with a maritime industry that straddles the Red Sea, the Arabian Gulf, three continents and countless shipping routes, the Kingdom of Saudi Arabia is swiftly becoming a leading global maritime hub.
Environment
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“K” LINE and KEPCO Signed MoU on the Joint Study of Liquefied CO2 Shipping for Developing CCS Value Chain
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has signed the Memorandum of Understanding (MoU) on the joint study of liquefied CO2 shipping for developing Carbon dioxide Capture and Storage (CCS) value chain with The Kansai Electric Power Co., Inc. (KEPCO) today. The two companies will jointly study optimal marine transportation schemes and shipping costs of liquefied CO2 emitted from KEPCO’s thermal power plants and aim to develop the CCS value chain in future.
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SAAM Towage completes five years certifying its carbon footprint
For the fifth year in a row, SAAM Towage was recognized by the Ministry of the Environment’s Huella Chile program for measuring and assuring its greenhouse gas (GHG) emissions during 2021.
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IRENA Helps Maritime Sector Ramp-up Decarbonisation Efforts
The maritime shipping industry contributes 3 per cent of the world’s greenhouse gas emissions and is heavily reliant on fossil fuels. Accounting for over 90 per cent of global trade volume, the maritime sector is regarded as the world economy’s backbone. As business expands, emissions are anticipated to rise even further. If the shipping industry is to travel on the path towards zero emission, urgent action is needed that is coordinated and all-encompassing.
Education
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Saudi Fund for Development expands operations in...
The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda, signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a significant milestone, with Antigua and Barbuda being the 85th state to receive funding for a major development project from SFD.
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Hamdan bin Zayed inaugurates EAD’s marine...
H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), launched the marine research vessel ‘Jaywun’, developed by EAD, which is considered the UAE’s first and the most advanced in the Middle East.
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University of Piraeus Researchers Publish New...
A new study on risk management is now available. According to news reporting out of Piraeus, Greece, by NewsRx editors, research stated, “The main objective of this study is to highlight the internal risk factors associated with maritime transportation accidents and the important role of presenting them in the dataset at the time of the incident.”
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Simulator transforms research into marine and...
A state-of-the-art facility which could play a critical role in the global offshore renewable energy sectors has been installed at the University of Plymouth.
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The Nautical Institute introduces free membership...
The Nautical Institute (NI), the global professional body for mariners, is delighted to introduce free membership to students and cadets undergoing initial maritime training or education.
Women in Maritime
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WISTA : Giving voice to women in shipping
Liana Kouimtzi is part of a team of four female shipping professionals behind the establishment of the UAE branch of the Women's International Shipping & Trading Association (WISTA) in 2022.
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Kuantan Port First Female Vessel Traffic Information Management System (VTIMS) Operator
Working in a male-dominated industry can be daunting for women as they often face societal expectations of their capabilities. Nevertheless, Pahang-born Sharifah Nornadrah Syed Zubaide has embarked on her journey as the first female Vessel Traffic Information Management System (VTIMS) Operator in Kuantan Port since April 2021.
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CSA, WiMAC sign MOU to promote maritime cooperation and development
The Caribbean Shipping Association (CSA) signed a memorandum of understanding (MOU) with the Women in Maritime Association, Caribbean (WiMAC) during its 52nd Annual General Meeting, Conference and Exhibition in San Juan, Puerto Rico, on November 2.
Techonology
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SOARING DATA DEMAND CALLS FOR ADVANCED CONNECTIVITY SOLUTIONS
The shipping industry needs to take a strategic approach to connectivity in order to meet its evolving business needs. This was the ethos of a thought-provoking interactive seminar on the state of play in the maritime connectivity market hosted by Inmarsat and moderated by Joshua Flood, Co-Founder & Senior Research Consultant at Valour Consultancy. The Future of Maritime Connectivity session explored the reasons for, and ramifications of soaring connectivity demands in the sector.
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KR And SIRM Launch Cyber Security E-learning Training
Korean Register (KR) has launched maritime cyber security officer e-learning training in conjunction with maritime technology company SIRM Italia. The training will be delivered to Oltremare, a company in Assarmatori National Shipping Association which provides training to its members.
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Marlink and Fraunhofer CML Institute partner to map maritime KPI data and ROI...
Marlink, the smart network solutions company, has signed an agreement with leading research institute Fraunhofer CML (Center for Maritime Logistics and Services) to identify Key Performance Indicator (KPI) data to accelerate digitalisation and define the Return on Investment (ROI) scenarios for long term operational efficiency.
Dredging
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200 million cubic metres of earth off Daman coast...
The Jawaharlal Nehru Port Authority (JNPA) has sought permission from the Union environment ministry to dredge up 200 million cubic metres of earth from the ocean floor off the coast of Daman to reclaim land for the proposed Vadhavan Port off Palghar’s coast. The excavated material will be transported by ship 50 km away to Vadhavan, where it will be used in reclaiming at least 1,473 hectares (3,600 acres) of land from the sea.
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Portugal’s Navalrocha Shipyard completes...
Portugal’s Navalrocha Shipyard has completed a multimillion-dollar project for Luxembourg-based company Jan De Nul Group as it targets growth across the Benelux dredging sector.
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Paducah Prepares For Dredging Project
Dredge America Inc. is staging equipment and supplies at the Ohio River Boat Launch in Paducah, Ky., in preparation to begin dredging the first week of March.
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Venezuela’s lack of dredging causes trouble for...
A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said.
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Suez Canal to dredge section where Ever Given...
The project is expected to be completed during 2023, and will extend the canal’s dual-lane capacity in its southern portion from 72 km to 82 km.
LIFESTYLE
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Festival of tall ships coming to St. Petersburg...
A flotilla of a half-dozen tall ships, including a replica of the iconic Santa Maria, will sail into the St. Petersburg waterfront for a festival onshore and off March 30-April 2.
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Dubai to become a global hub for superyachts
With its world-class infrastructure, advanced facilities, year-round sunshine, luxury marinas, award-winning tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. Following Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai under the patronage of P&O Marinas with participation from government and private sectors, industry professionals, thought-leaders, experts, and yacht owners the future is looking brighter for Dubai’s yachting industry, with increased investment in marine infrastructure and facilities, streamlined industry legislation, and a proliferation of nautical events set to take place throughout the year.
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The Red Sea to join exclusive Serandipians’...
Red Sea Global (RSG), the developer behind two of the world’s most ambitious regenerative tourism projects, has confirmed its flagship destination, The Red Sea, has joined the exclusive Serandipians network of luxury travel and hospitality organizations.
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95m Palladium Renamed AV After the Sale
The 95.15-meter superyacht Palladium was sold and renamed AV. The information was confirmed by Merle Wood & Associates. Northrop & Johnson represents the seller, while Merle A. Wood of Merle Wood & Associates introduced the repeat client.
OFFSHORE
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ABS hosts U.S. Congressman Dan Crenshaw (TX-2) at...
ABS hosted U.S. Representative Dan Crenshaw (TX-2) at its global headquarters in Spring, Texas, where he toured facilities and met with employees to learn more about the integral role of ABS in the global maritime industry.
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Vroon to Sell 40 Vessels in Offshore Operations...
Dutch shipping group Vroon, which has been a family-run business for more than 130 years, has succumbed to financial pressures that were exacerbated by global events and economic pressures in the past year. The company, which had been working to grow its offshore services as well as operating a fleet of tankers and livestock carriers, reports it will complete a delayed financial restructuring which will see control handed over to its lenders and parts of its fleet sold.
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DAMEN, NAPA AND BUREAU VERITAS SUCCESSFULLY...
Damen Engineering has announced the completion of their first vessel design to be entirely created, reviewed and class-approved using 3D models in collaboration with leading classification society Bureau Veritas (BV) and global maritime software provider NAPA.
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Solstad is first offshore customer on Marlink...
Marlink, the smart network solutions company, continues the roll-out of its new blend of hybrid network services, equipping Solstad Offshore vessels with Starlink connectivity integrated with the well-established highly reliable Sealink VSAT, L-band backup and 4G services.
