Top News
-
Jafza, The Federation Of Israeli Chambers Of Commerce sign mou to accelerate economic and trade...
The two entities intend to facilitate mutually advantageous economic cooperation between businesses in the UAE and Israel
-
Seatrade Maritime Middle East set to make a virtual return
The platform aims to provide maritime professionals with an accessible forum to interact with influential business leaders despite the global crisis
-
UAE ranks fourth globally in port infrastructure quality index
The UAE has maintained its first position at the Arab level
-
Iranian president opens new oil export terminal on Qeshm Island
The second phase of the project which will include seven tanks is expected to be completed in early 2021.
-
Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter
Abu Dhabi’s main sovereign wealth fund disclosed a 5.1 per cent stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.
Classification
-
Five global cargo groups collaborate to raise container safety standards
The collaboration will focus on the adoption and implementation of safety practices throughout the global supply chain
-
India joins Indian Ocean grouping against piracy as observer
Under the code of conduct, the member states cooperate in countering piracy and armed robbery on the high seas
-
Digital Twin Ready certification awarded to Furuno for its HermAce onboard system
In granting the approval, Lloyd’s Register evaluated the engineering life cycle processes, the workflow involved in the HermAce model, algorithm development, software conformity and practices concerning information security
Insurance
-
IUMI:Marine Cargo Insurance Market “Improving Amid Significant Change"
Sean Dalton, Chair of IUMI’s Cargo Committee reported the majority of marine cargo markets geographically can best be described as “hard” or “improving” amid significant change.
-
Talisman Insurance Company Offers Marine Program
Aiming to help entrepreneurs mitigate damage from risks that can be encountered on water, Talisman Casualty Insurance Company offers a marine program that provides comprehensive coverage for those who have assets on or in the water.
-
Oil tankers stripped of flags after breaching U.S. sanctions to secretly ship...
Four oil tankers have been stripped of their flags following an NBC News investigation into allegations they secretly transported Iranian oil in defiance of crippling U.S. sanctions imposed by President Donald Trump.
Oil & Gas
-
Total and Mitsui O.S.K. Lines officially name the world’s...
The bunker has been officially named Gas Agility
-
International Lenders Back $9.5 Billion Financing for...
International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns.
-
Greenpeace occupies Swedish oil refinery over expansion...
A temporary Greenpeace blockade of Sweden's largest oil port has culminated in six arrests. Activists scaled harbor cranes at Brotjorden, where its operator Preem plans a refinery expansion.
-
ADIPEC: Natural Gas projects in Africa are key to Global...
Nigeria LNG on track to maintain its position as the 6th major supplier of LNG globally with $10 billion expected to be invested in Train-7 project in Nigeria
-
Oil slick spotted off Sri Lanka coast near stricken tanker
An oil slick has been spotted near a burning supertanker off the east coast of Sri Lanka. Officials had warned they would need help if the vessel started spilling oil as they lacked the proper equipment to deal with it.
Ports
-
Kalmar to supply DP World terminal with tractors and empty container handlers
Kalmar has signed a deal with DP World to deploy for 12 Ottawa T2 terminal tractors and two empty container handlers at the DP World Caucedo terminal in the Dominican Republic.
-
Boluda to continue providing sustainable towage services at Port of Zeebrugge
As part of this fleet, Boluda Towage Europe will bring in two Damen-newbuild 85-tonnes bollard pull ASD Tugs 2813
-
Saudi Arabia’s ports record 12% hike in containers
A total of 664,000 more containers were handled during August.
Finance
-
Cryopeak LNG Solutions Signs MOU Sumitomo Corporation
The move marks a major accomplishment in LNG bunkering to Western Canada
-
OPEC considers market prospects for Q4- 2020, into 2021
The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC
-
ASRY hits 33-day Scrubber Retrofit Record
This new record of 33 days is one of the fastest turnarounds of the project in the region
Shipping
-
Damen and TCS receive Innovation Award for Triton...
A platform for collaboration and the stimulation of maritime sustainability
-
First Large Cruise Ship Resumes Service in Greece
The introduction of the Greek cruise program follows TUI’s successful resumption of cruises during the summer from Germany
-
Damen launches Marine Aggregate Dredger for Hanson
he company will use the vessel to conduct offshore aggregate extraction in water depths up to -55 metres in the North Sea and English Channel
-
ASRY Signs New Agent for Singapore and Hong Kong
AMS Docking Repairs (AMS) signs exclusive deal to represent Arabian Gulf’s most experienced shipyard
Legal & Regulations
-
Maersk first to cancel GRI and cut transpacific rates as China wades in
This could have an unprecedented impact on the market
-
Australia Bans Fifth Ship in 2020 From Ports for Crew Welfare Issues
AMSA reported three other instances where ships arriving in Australia waters were either not properly paying their crew or had other welfare violations
-
Parliament says shipping industry must contribute to climate neutrality
To decarbonise maritime transport, Parliament voted to include CO2 emissions from the sector in the EU Emissions Trading System.
Environment
-
IMO, MPA Singapore introduce NextGen initiative
The initiative is a concept for a collaborative global ecosystem of maritime decarbonisation initiatives
-
Amsterdam goes all-electric for five GVB ferries
Corvus Energy will supply lithium ion battery-based energy storage systems (ESS) for five new all-electric ferries built by Holland Shipyard Group for Amsterdam’s municipal public transport provider, Gemeente Vervoerbedrijf (GVB)
-
'Revolutionary' hydrogen ship engine unveiled in Belgium
BeHydro joint venture claims its 1MW hydrogen-diesel motors can cut CO2 emissions by up to 85 per cent
Education
-
The Arab Academy for Science, Technology and...
The Arab Academy for Science, Technology and Maritime Transport in Sharjah (AASTS) has successfully commenced talks for a collaboration with The Federal Transport Authority - Land & Maritime (FTA).
-
Maltese Firms Partner on Maritime Training
The two entities will create a new set of courses covering both maritime training and the oil and gas sectors offering some of the highest training standards in these industry sectors from January 2021
-
Seably: Democratising maritime training
Seably will collaborate with industry professionals, training centers, subcontractors, oil companies, insurance companies, and maritime universities around the world
-
Abu Dhabi Maritime Academy installs Wärtsilä...
The addition of the online installations of NTPro and TechSim will broaden the simulation-based training offering available at the Academy
-
The Arab Academy for Science, Technology and...
The Academy plays a central role in fulfilling the shortage of skilled professionals in local and regional markets, strengthening the UAE's position as a key global maritime hub
Women in Maritime
-
UAE female hiring data recovers after initial drop during Covid-19 lockdown
Data underscores importance of flexible working policies to support women’s employment and career progression
-
Women in the Maritime Industry: ‘There is still a long way to go’
Webinar brings together female industry experts to discuss their experience of working in the sector
-
The nurse who decided to go to sea
Women working at sea are a rarity. A woman captaining a merchant ship rarer still. So with today marking the Day of the Seafarer Maritime CEO leapt at the opportunity for a video interview onboard the 4,258 teu Luna Maersk as the ship prepared for a rainy transit from the Pacific side of the Panama Canal.
Techonology
-
Kongsberg Maritime to design vessel for Rimfrost
Kongsberg Maritime has signed a contract with Norwegian krill processing company Rimfrost to design and equip a 'highly innovative vessel'.
-
HMM partners with SHI to develop smart ship technology
South Korea’s HMM has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) to develop smart ship technology.
-
GSTS Awarded Contract to Support Maritime Risk Mitigation
This project is funded under ISED's Innovative Solutions Canada program.
Dredging
-
Indonesian fishers opposed to dredging project...
Activists in Indonesia have slammed what they call the authorities’ campaign of criminalization against a fishing community protesting against the development of a port on their coast.
-
Dredging project to give 30,000-ton vessels...
A project for dredging the internal and external canals of Bushehr port was inaugurated on Wednesday in a ceremony on the occasion of Government Week (August 23-29) to provide traffic and mooring for 30,000-ton vessels in this port.
-
Jawaharlal Nehru Port Trust dredging contract...
India’s biggest channel deepening work at Jawaharlal Nehru Port Trust (JNPT) is heading for litigation with the team of Belgian and Dutch dredging contractors invoking arbitration to recover unpaid dues of ₹200 crore on the contract that was completed in February, 2019.
-
DREDGING PROJECT READIES MISSISSIPPI RIVER FOR...
United Soybean Board-funded research is used to inform a dredging project in the Mississippi River, which will improve freight-based transportation of soybeans and create a more efficient supply chain.
-
Construction Underway for Callan Marine 28"...
Callan Marine announces construction commencement of the General Bradley, a new 28” dredge that will join the fleet in 2021.
OFFSHORE
-
First Taiwan-built Offshore Installation Vessel...
Finland-based marine engine and technology provider Wärtsilä has been tasked to equip the first Taiwan-built offshore wind installation vessel - the Green Jade - with "a broad scope" of its solutions.
-
MCS develops remote service for offshore...
MCS has introduced the Remote Inspection System, which it claims allows an entire offshore inspection campaign to be conducted remotely.
-
Northern Offshore Services Adds Two More Vessels...
Crew transfer vessel specialist Northern Offshore Services (N-O-S) has expanded its fleet with two vessels SURE Diamond and SURE Dynamic from Sure Wind Marine Limited. The company's offshore support vessel fleet now stands at 41 vessels.
-
Hermitage Offshore Services Ltd. Announces...
Hermitage Offshore Services Ltd. announced that it has executed a forbearance agreement (the “Forbearance Agreement”) to its $132.9 Million Term Loan Facility dated January 14, 2020 (the “Term Loan Facility”) with DNB Bank ASA and Skandinaviska Enskilda Banken AB (publ) (together, the “Lenders”) and DNB Bank ASA, as agent and security agent.
