Top News
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Seatrade Maritime & Lloyd's List join forces to honour excellence in the maritime industry
Through this collaboration, both entities will bring together their knowledge of the industry and their expertise to award the best in the business
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Over Dhs7 billion worth of total deals signed on Day 2 of IDEX and NAVDEX
The second day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2021 has seen the UAE Armed Forces sign 11 new deals, worth Dhs7.293 billion, with local and international companies. The cumulative value of deals signed at IDEX and NAVDEX 2021 is now Dhs12.323 billion.
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DP World, UAE region, Jafza to showcase their F&B trade prowess at Gulfood 2021
DP World, UAE Region, the leading smart trade enabler and its flagship trade and logistics hub, Jebel Ali Free Zone (Jafza) are set to participate in Gulfood 2021, scheduled to take place from 21-25 February at Dubai World Trade Centre. The entities will shed light on their wide range of incentives and the enhanced F&B trade enabling capabilities of their logistics hub, including Jebel Ali Port and Jafza.
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Bahri showcases maritime capabilities and innovative solutions at NAVDEX 2021
In line with its commitment to transforming and empowering the maritime logistics sector in the region, Bahri, a global leader in logistics and transportation, is participating in the fourth edition of the Naval Defense and Maritime Security Exhibition (NAVDEX 2021), which is being held in Abu Dhabi from 21 to 25 February 2021, alongside the International Defence Exhibition and Conference (IDEX 2021), and under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the Armed Forces.
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ABS sheds light on tackling the challenges of the COVID-19 pandemic
At the annual Middle East Regional Committee Meeting, the global classification society demonstrated its leading position by maintaining a positive outlook through the pandemic, devising excellent strategies and gaining new projects
Classification
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DNV GL secures 3-year contract with Total in UK North Sea
Classification society and quality assurance firm DNV GL has been awarded a three-year contract with Total in the UK to provide various services across the company's UK North Sea assets.
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Two new partners and a name revealed for the Ammonia-fuelled tanker joint development project
Ammonia-fuelled tanker Joint Development Project (JDP) partners – MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI) and MAN Energy Solutions (MAN) announced the entry of two new partners – the Maritime and Port Authority of Singapore (MPA) and Yara International ASA (Yara) at a recent webinar focused on Ammonia as a Shipping Fuel which was organised by The Getting to Zero Coalition’s Fuels & Technologies workstream. The JDP partners also went on to announce the name of the expanded coalition – The Castor Initiative.
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Securing vessels at sea: Frontline insights on maritime cybersecurity
After a string of cyberattacks affecting leading maritime companies like Maersk, CMA CGM and Cosco, cyber threats have become a top priority for maritime regulators. As nation-states and sector organizations pass measures to bolster the industry’s cyber resilience, shipowners and operators are often left scrambling to keep up. The 2021 compliance deadline with the IMO resolution on cyber risk management is no different.
Insurance
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Submitting COVID-19 related crew claims – top tips for efficient reimbursement
A bit of preparation means a quicker turnaround of a reimbursement claim – a welcome result for both insureds and Gard claims handlers. This article focuses on claims related to crew and does not discuss cover related to passengers or others who may be aboard in a capacity other than crew.
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Smuggling fines, breach of customs regulations and operational best practice
The International Group has amended the Pooling Agreement so that as of 20 February 2021, P&I cover in respect of fines for smuggling and breach of customs regulations will no longer provided as of right, but only on a discretionary basis.
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Britannia P&I launches B Korea
Britannia P&I will officially launch B Korea P&I Correspondent Co., Ltd. (‘B Korea’) as its Exclusive Correspondents in Korea on 20th February 2021. B Korea will replace P&I Bros Ltd. and be based in a new office located at the Seoul Finance Center, Jung-gu, Seoul.
Oil & Gas
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UK: Tailwind sanctions Evelyn development
UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week.
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Equinor, partners to shut down Veslefrikk field for good in...
Norway's Equinor said Monday it has, with its partners, decided to shut down the Veslefrikk field in the Norwegian part of the North Sea in the spring of 2022.
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Goldman sees Brent oil at $75 as supply response trails...
Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.
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Texas oil refiners will take weeks to recover, boosting U.S...
Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices.
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Channel Capital launches offshore governance services...
Channel Capital Pty Ltd. (Channel), a leading Australian multi-affiliate investment management company servicing more than A$16 billion in assets, has established Channel Capital Cayman, an offshore governance services business based in the Cayman Islands.
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Offshore rig market picking up, says Evercore
A total of 15 drilling rig contracts have been announced thus far in February, a number that is in line with year-ago levels, according to Evercore ISI’s latest Offshore Rig Market Snapshot.
Ports
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Court replaces lead investigator for Port of Beirut blast
Judge Fadi Sawan, who has led the investigation into the cause of the massive blast at the Port of Beirut last August, has been removed from the case after two former ministers complained of bias. He has been replaced by Tarek Bitar, the head of Beirut's criminal court, effective Friday.
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Throughput recovers in second half year at the fully operational port of...
Europe’s largest port has been operating 24/7 during 2020. Precisely in this corona year, when society at large has been severely disrupted, the port of Rotterdam has confirmed its role as a reliable partner in the logistics chain. Goods volumes recovered in the second half year, limiting the decline in annual volume last year to 6.9% by comparison with the previous year. The strong operating result has put the Port of Rotterdam Authority in a good position to implement an ambitious investment agenda in the years to come. That will have a major impact on employment, sustainability and society as a whole.
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Mini-ports being developed: KMB chief
The Vizhinjam, Kollam, Beypore, and Azheekal mini-ports are on the path of being developed to their potential while more maritime academies are getting ready for inauguration, V.J. Mathew, Chairman of the Kerala Maritime Board (KMB), has said.
Finance
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Royal Caribbean loses $5.8 billion but says cruising returning soon
The Royal Caribbean Group, which was the world’s second largest operator of cruise ships before the pandemic, presented an optimistic outlook for the resumption of cruising while also reporting staggering financial losses for 2020. News that the company believes progress is being made for the resumption of sailing along with strong bookings at increased prices helped to propels the company’s stock up more than nine percent in heavy trading today on the New York Stock Exchange.
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$765M research vessel highlights Canada's shipbuilding cost debate
The Canadian government is set to spend about $765 million for a research vessel that it originally expected to cost $85 million - a ninefold increase.
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Deendayal Port to sign MoUs worth Rs 3,824 cr at Maritime India Summit 2021
Deendayal Port Trust, one of the 12 major ports in the country, on Thursday said it will sign 15 MoUs for an estimated investment of Rs 3,823.70 crore at Maritime India Summit next month.
Shipping
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Explosion and fire on Vietnamese tanker kills one...
One crew member is missing after an explosion and fire aboard a chemical tanker near the Dung Quat port in Vietnam. It marks the second major incident in recent months near the Dung Quat oil refinery.
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GC Rieber Shipping nets extension for Polar Onyx...
Norwegian shipowner GC Rieber Shipping has won a contract extension for its Polar Onyx vessel with DeepOcean. Separately, the company said Monday it had agreed to sell the Polar Queen vessel.
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Passenger medevaced from boxship in heavy fog
A U.S. Coast Guard aircrew medevaced a 27-year-old passenger from a container ship about 40 nm to the west of San Luis Obispo, California.
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Two seriously injured in explosion aboard Chinese...
Four crewmembers of the bulker CSSC Cape Town injured in an explosion on board the ship on Friday night, and two of them had to be medevaced for treatment of severe burns.
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ONE Apus ready to resume service in mid-March...
Two months into the recovery efforts after possibly the worst container collapse in the history of the industry, ONE is reporting continued progress with the efforts to discharge containers from the ONE Apus. In its latest update to customers, the container network estimates that the vessel will be available to depart Kobe, Japan in mid-March.
Legal & Regulations
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Philippine fishermen call on UN to invalidate China's Coast Guard Law
The Philippine artisanal fishermens' association Pamalakaya has called on the UN to declare China's new Coast Guard Law "null and void," asserting that Beijing's new rules of engagement for the agency are incompatible with international law.
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Biden takes no action against Nord Stream 2 participants
The Biden administration is taking a hands-off approach to Gazprom's nearly-complete Nord Stream 2 subsea pipeline, making no significant moves against companies violating U.S. sanctions on the project, according to sources familiar with a status report that the State Department completed last week.
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Solomon Islands seeks compensation for "Deliberate" fuel oil spill
The government of the Solomon Islands says that it is pursuing compensation from the owners of a bulker that allegedly discharged fuel oil into Graciosa Bay, a natural harbor at the island of Nendo.
Environment
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EDP creates units to exploit green hydrogen and energy storage
The EDP Group has strengthened its commitment to decarbonization by launching two units that will exploit the potential of green hydrogen and energy storage systems. The H2 Business Unit (H2BU) will be the Group's new arm for the development of green hydrogen projects, while the dedicated storage unit, built in EDPR NA, will aim to achieve a storage capacity of 1 GW within five years.
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Phil Sharp announces zero emission hydrogen campaign that will culminate in the 2024 Vendée Globe
The British sailor, based in France, aims to demonstrate the potential of renewable energies by sailing around the world using a Hydrogen Power Module; a zero emission solution for boats for which he has led the development that has just been awarded the “Solar Impulse Efficient Solution” Label, a proof of high standards in profitability and sustainability. Today, he announces a racing and technological programme spanning over the next four years, including The Ocean Race and culminating with the Vendée Globe 2024-25.
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Ecospray chooses relayr to revolutionize the maritime industry with artificial intelligence powered solutions
Ecospray, a company specializing in the research and development of cutting-edge systems for controlling air and gas emissions in industrial applications for the Maritime industry, has chosen relayr, a leading industrial IoT company based in Berlin, to create new IoT-based desulphurization solutions, driving the sector towards an increasingly digital, efficient and environmentally sustainable future.
Education
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Arab Academy for Science, Technology and Maritime...
The Arab Academy for Science, Technology and Maritime Transport branch in Sharjah (AASTS) organised an awareness workshop for students, in cooperation with Sharjah Police. The workshop titled ‘Drugs between Reality and the Law,’ is in line with AASTS’ strategy to empower the next generation of young Emiratis in the maritime sector. It also supports the Academy’s efforts to consolidate its corporate social responsibility in association with its partners and other competent organisations.
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Maritime Consortium launch Crewcare App to...
Marking a significant step forward in seafarer welfare, a group of established maritime entities have joined forces to build a digital platform aimed at improving the emotional well-being of the world’s 1.7 million seafarers.
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Ankara University Research Centre offers Maritime...
The Association of Caribbean States has has announced Master and Doctoral Programme on the Law of the Sea and Maritime Law scholarships offered by the Ankara University Research Centre of the Sea and Maritime Law and the Government of Turkey.
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PMMA Alumni partners with Orient Class to enhance...
The Philippine Merchant Marine Academy Alumni Association, Inc. (PMMAAAI) and Orient Register of Shipping, Inc. (Orient Class) unites to further promote safety and enhance the development of classification rules in the domestic shipping industry.
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The Arab Academy for Science, Technology and...
The Arab Academy for Science, Technology and Maritime Transport branch in Sharjah (AASTS), a leading education institution in the field of maritime education, recently kickstarted their spring semester. While maintaining all necessary precautions to prevent the spread of COVID-19, the Academy has ensured that it continues to provide high-quality education by incorporating “Hybrid Learning”, which combines online studies along with in-person classes for practical lessons. Despite the pandemic, the Academy put in all efforts to provide its students with a safe environment.
Women in Maritime
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IMO and WISTA International launch first Women in Maritime Survey
The International Maritime Organization (IMO), and the Women’s International Shipping & Trading Association (WISTA International) have launched the Women in Maritime – IMO and WISTA International Survey 2021 to examine the proportion and distribution of women working in the maritime sector, from support roles to executive level positions.
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Effat Mostafa ranked among the 100 Most Powerful Arabs under 40 by Arabian Business
With close to a decade-long career in the maritime industry and a passion for her job, Mostafa has contributed enormously to the success of numerous firms in the industry
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Breakbulk Middle East Digital Special emphasizes the contribution of women to the industry’s success
The Women in Breakbulk Leadership Forum will act as a platform where women thought leaders will talk about their integral role in the industry
Techonology
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Latest Ports of Auckland automation bungle shows project needs to go on ice
The Maritime Union says Ports of Auckland needs to cut its losses and put its automation project on hold to alleviate pressure on New Zealand businesses.
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Kongsberg Maritime unveils advanced AUV
Kongsberg Maritime has unveiled the next generation of its advanced autonomous underwater vehicle (AUV). The HUGIN Endurance can operate up to 15 days, enabling extended survey and inspection missions far from shore. -
Cardo Crew launches new mesh communication technology that could transform PPE...
Cardo Crew, an expert in global wireless intercom solutions that specialises in providing reliable, hands-free wireless intercom for teams on the move, has launched its new mesh communication solution that could transform Personal Protective Equipment (PPE) and dramatically improve communications and safety in the maritime sector.
Dredging
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Conrad cuts steel for new suction hopper dredge
Conrad Shipyard, Morgan City, La., held a steel cutting ceremony recently for a new suction hopper dredge for Great Lakes Dredge & Dock Corp. (GLDD).
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One missing after dredger capsizes at Port of...
The Danish dredger Margrethe Fighter capsized in icy water at the Port of Trelleborg, Sweden, leaving one crewmember missing and presumed dead.
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Great Lakes Dredge reports an “exceptional” year...
The largest provider of dredging services in the U.S., Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) today reported financial results for the quarter and year ended December 31, 2020.
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Federal Shipping and Waterways Administration and...
The joint dredging operations by the Federal Shipping and Waterways Administration and HPA for construction of a passing box have been completed, according to Port of Hamburg release.
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Large dredging ship passes Burnham-On-Sea as work...
Burnham-On-Sea seafront walkers had the unusual sight of this large dredging ship passing the town this week.
OFFSHORE
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60 SUNREEF POWER: THE INTERIORS REVEALED
Sunreef Yachts proudly reveals the interior renders of the new 60 Sunreef Power.
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Dubai welcomes unwanted cruise liners amid virus...
Dubai has welcomed thirteen foreign cruise ships that were at sea while most countries have closed maritime borders due to the coronavirus pandemic.
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Yachts, wine cellars, private jets: isolating...
Stranded on superyachts or confined to their sprawling mansions worrying about their wine cellars, the world's super rich have invited ridicule throughout the coronavirus pandemic with their apparent insensitivity to the plight of ordinary people.
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Amundsen Looks to the Future with Design for New...
In a rare bright note for the troubled cruise sector, technology group Wärtsilä announced Thursday that it is providing Amundsen Expeditions with a custom design for up to six new luxury expedition cruise vessels.
