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  • ADNOC Logistics Wins Best Integrated Shipping & Logistics Performer

    ADNOC Logistics and Services has won the Best Integrated Shipping & Logistics Performer Award at the recently held TLME Heroes of the Pandemic Awards 2021 hosted by TV news presenter Katie Jensen with celebrity and 2x world champion boxer, Amir Khan presenting the Special Recognition Awards.

     

  • Saudi Global Ports commences upgrade of container terminals at King Abdul Aziz Port in Dammam

    Saudi Global Ports (SGP) has commenced the first phase of its upgrading and development program at the first and second container terminals of King Abdul Aziz Port in Dammam (KAPD).

     

  • Container traffic rises 37 per cent at Ruwais Port

    With continuous rise in cargo handling, Ruwais Port is consolidating its position as Qatar’s northern gateway to trade. The port has witnessed around 37 percent increase in container traffic while vehicle handling at the port has risen by 30 percent during 2020, compared to previous year. The port plays the role of an additional access facility to promote the regional commercial shipments and to stimulate the economy of the northern part of Qatar.

     

  • Iran inaugurates new oil exports terminal outside Strait of Hormuz

    Iran officially inaugurated its new $2 billion exports terminal by loading 300,000 barrels on an oil tanker off the Sea of Oman, enabling the sanction-hit country to bypass the Strait of Hormuz for oil exports.

     

  • Bahri Ship Management Joins ISSA as Honorary Member

    Bahri Ship Management, one of five business units within Bahri, a global leader in logistics and transportation, has become the latest high-profile ship owner and manager to join the International Shipsuppliers and Services Association (ISSA) after its President Abdulaziz Sabri accepted an invitation to join the association as an honorary member.

     

Classification

Insurance

Oil & Gas

  • BP Bolsters Offshore Wind Ambitions. Enters Consultancy...

    British oil major BP, working to beef up its renewables business, has signed an exclusive consultancy agreement with Quaybridge, a UK-based renewables consultancy with expertise in offshore wind.

     

  • TotalEnergies, Technip Energies Team Up to Decarbonize...

    TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.

     

  • Guyana Relaunches Search for Company to Market Its Crude

    Guyana is re-launching a search for a company to market the government's share of crude oil produced off the South American country's coast to make the tender process "simpler and more competitive," the natural resources minister said on Monday.

     

  • Petrobras Sells Papa-Terra Field to 3R Offshore

    Brazilian national oil company Petrobras has struck a deal with 3R Offshore to sell it its interests in the producing Papa-Terra, located in the Campos Basin, offshore Brazil, for up to $105.6 million in total.

     

  • Australia: WesternGas to Drill Sasanof-1 Well Using Valaris...

    Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P, said Friday it would drill the Sasanof-1 exploration well offshore Western Australia in Q1 2022, using a Valaris semi-submersible drilling rig.

     

  • Equinor extends Maersk Rig's stay at Martin Linge Field

    Norwegian oil company Equinor Energy has exercised an option to add well intervention work to the previously agreed contract for Maersk Drilling's Maersk Intrepid jack-up drilling rig.

     

Ports

Finance

  • Bouchard Transportation’s Tugs and Barges Auctioned Off

    The auction of the assets of Bouchard Transportation Company proceeded on July 18 under the process approved by the bankruptcy court. Before the auction, the reorganization officer for the oil barge transport company had selected an initial bid of $110 million for assets, which included 12 barges and 17 tugboats. Reports indicate, however, that the initial bidder selected by the company was outbid during the auction.

     

  • Seaspan Raises $750M in "Blue" Bonds After Giant LNG-Boxship Orders

    The non-operating container ship owner Seaspan Corporation announced Wednesday that it has raised $750 million in "blue"-branded bonds, up 50 percent from a planned $500 million issuance. The funds will be used for sustainability-linked purposes in line with a previously-released "blue transition bond framework," which names LNG as the transition fuel of choice for the short to medium term. 

     

  • Extra Container Capacity Antwerp to receive European funding

    The European funding programme Connecting Europe Facility (CEF), which supports projects that have a significant positive impact on the European transport network, is to award funding of €10.91 million to the complex project Extra Container Capacity Antwerp (ECA). By awarding funding to this project, Europe is not only underlining the importance of the port of Antwerp as a major European hub that forms part a global network, but also of the corresponding need for future-proof infrastructure. This European support will be used to carry out detailed studies to identify the most sustainable solution, in order to create a supported project that reconciles the needs of the economy, the environment and our climate.

     

Shipping

  • Cruises in Singapore and Malaysia Restricted by...

    The spread of new variants of COVID-19 and the resurgence of the virus, especially in parts of Asia, is leading to a new round of restrictions that will impact crew changes and cruise ships. Starting today, July 22, Singapore reintroduced strict restrictions in an effort to contain the latest wave of the virus with other countries in the region following suit.

     

  • Carnival Expects Three-Quarters of Capacity to...

    Sixteen months after the cruise industry paused operations, the largest cruise corporation, Carnival Corporation, now reports that it hopes to have as much as three-quarters of fleet capacity in operation by the end of 2021. Five of the company’s brands are currently sailing, with it expected to expand to eight brands in the coming days and weeks. Operations in Asia and Australia however remain suspended with no target dates to resume sailing.

     

  • Shipping ministry suggests steps to ease export...

    The Ministry of Shipping (MoS) has suggested introduction of ‘direct interchange’ of containers to ease the existing backlog in the Chattogram Port.

     

  • French shipping line expresses interest in Lamu...

    French container transportation and shipping company CMA-CGM, the world’s third largest container operator, has expressed interest to invest in the new port of Lamu.

     

  • Planning Process Under Way for Refloating...

    U.S. Coast Guard-led unified command continued to work on a way to safely refloat the grounded river cruise boat American Jazz from a shoal in Lake Barkley, a reservoir on the Cumberland River.

     

Legal & Regulations

  • Lloyd’s commits to the future of the Lloyd’s Salvage Arbitration Branch

    In a move that has been strongly endorsed by UK maritime professional services body Maritime London, Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures.

     

  • Bar Harbor Residents Tell Town Council to Limit Cruise Ships

    Bar Harbor, Maine is moving to become the latest popular tourist destination to impose further restrictions on cruise ship visits. The move comes after town residents voiced their concerns over the overcrowding and congestion created by cruise ships during the 2019 season.

     

  • Hellenic Coast Guard to Enforce COVID Rules for Ferry Passengers

    The Hellenic Coast Guard will be assuming responsibility for checking passenger compliance with Greece's new COVID-19 rules for inter-island ferry travel, shipping minister Yiannis Plakiotakis announced Wednesday. 

     

Environment

  • Environmental groups take aim at retail giants as ocean freight polluters

    Two environmental groups have thrown down the gauntlet to 15 of the world’s most prominent companies, demanding they achieve emissions-free ocean shipping by 2030, contractually agree to ship their goods on zero-emission vessels, and reject “false solutions” like liquefied natural gas (LNG) as a sustainable way to get goods to market.

     

  • India’s Adani offers discount for LNG-fuelled vessels at Mundra port

    The Adani Group will offer a 50% discount on charges to liquefied natural gas (LNG)-fuelled ships at Mundra, India’s largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan.

     

  • Wärtsilä Reports Progress, Targeting Ammonia Blend Engine This Year

    As the efforts continue toward introducing a new generation of zero-carbon emission engines, Wärtsilä is reporting that that has made significant progress in a testing program with its fuel-flexible combustion engines. The Finnish engine manufacturer now expects to have a marine engine capable of running on an ammonia blend available this year as it proceeds toward a pure ammonia-fueled engine for the marine market and a pure hydrogen power system for the energy market.

     

Education

  • Abu Dhabi Maritime Academy and Columbia...

    Abu Dhabi Maritime Academy (ADMA), a subsidiary of Abu Dhabi Ports, has signed a Memorandum of Understanding (MoU) with Columbia Shipmanagement (CSM) for the development of training programmes, as well as the provision of consultancy services focused on the applications of alternative fuels, efficiency enhancement and Artificial Intelligence within maritime operations.

     

  • Five more guilty pleas in ongoing USCG exam-...

    The United States Attorney’s Office for the Eastern District of Louisiana announced that five more defendants plead guilty in the ongoing case related to a long-running test score-fixing scheme at a United States Coast Guard exam center. The latest guilty pleas bring to 26 the total number of defendants convicted. Prosecutors originally announcing indictments for 31 individuals, including employees of the testing center, intermediaries, and individuals who used the falsified scores to obtain USCG licenses and employment. 

     

  • U.S. funds Indonesian Maritime Training Center...

    The United States is funding a new training center for the Indonesian Coast Guard (Bakamla) on Batam Island, near the intersection of the Strait of Malacca and the Strait of Singapore. U.S. Ambassador to Indonesia Sung Y. Kim presided over a groundbreaking ceremony for the new installation on Friday, according to the embassy in Jakarta.

     

  • Arab Academy for Science, Technology and Maritime...

    The Arab Academy for Science, Technology, and Maritime Transport Branch in Sharjah (AASTS) has signed a Memorandum of Understanding (MoU) with Dubai Police to cooperate in education, training and research in maritime security. This support AASTS’ ongoing efforts to empower Emiratis and enhance national competencies in the maritime sector as well as work closely with its partners and related bodies in line with its responsibility as an educational house of expertise for the maritime sector.

     

  • The Arab Academy for Science, Technology and...

    The Arab Academy for Science, Technology, and Maritime Transport Branch in Sharjah (AASTS) was awarded for its “Distinctive Contribution to Innovation in Maritime Education” at the 14th edition of the Shiptek International Awards 2021, held in Dubai, on June 7, 2021. The award was received by Dr. Ismail Abdel Ghaffar Ismail Farag, President of the Arab Academy for Science, Technology and Maritime Transport in the presence of delegates from the Academy.

     

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