Top News

  • The UAE continues to mobilise support for its re-election Category-B membership in the IMO Council

    The United Arab Emirates continues its efforts to mobilise support of the International Maritime Organisation (IMO) member states for its re-election to the IMO Council Category-B membership. The elections will be held in December 2021 in London, UK. The UAE seeks to highlight its pioneering role and unremitting efforts in strengthening the national maritime sector and supporting the maritime and logistics industry worldwide. The UAE also underlines its pivotal role in developing strategies, policies and agreements that enhance safety standards and protect the marine environment.

     

  • Saudi NEOM’s OXAGON to expand port to challenge Middle East rivals

    Saudi Arabia will expand a tiny local port near the planned city of NEOM into a trade and manufacturing hub to rival others in the Middle East, according to Bloomberg.

     

  • Iran: 42m tons of goods loaded, unloaded at ports in 3 months

    Some 42 million tons of commodities have been loaded and unloaded at Iranian ports in the three-month period since the new government administration took office in August, IRNA reported.

     

  • Dubai Maritime City’s industrial district to undergo infrastructure enhancements worth AED 13.4M

    DP World’s purpose-built maritime centre, Dubai Maritime City (DMC) announced 20% completion of the upgrade for the wastewater management network in the industrial precinct. The network will connect DMC, Mina Rashid and P&O Marinas to the existing Dubai Municipality main infrastructure.

     

  • Mansoor bin Mohammed attends naming ceremony for MSC Virtuosa

    His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Council for Border Crossing Points Security, today attended one of the biggest cruise ship naming ceremonies in the region, in an event that reflects the rising global profile of Dubai’s cruise industry. Hollywood superstar Sophia Loren officially named MSC Virtuosa, the new luxury liner launched by MSC Cruises at a glittering ceremony held at Port Rashid.

     

Classification

  • Lloyd’s Register accepted as world's first IECRE Renewable Energy Certification Body (RECB) for marine energy.

    Lloyd’s Register (LR) has been accepted as the world’s first Renewable Energy Certification Body (RECB) for marine energy by the International Electrotechnical Commission’s Renewable Energy System, (IECRE), which operates the global conformity assessment system in the three electrically producing renewable energy sectors: solar photovoltaic (PV) energy, wind energy, and marine energy.  

     

  • ABS Approves 3D-Printed Parts After Six Month Trial on U.S. Tanker

    A series of 3D-printed mechanical parts used aboard an in-service oil tanker have been validated in good working condition at the end of a six-month trial. According to ABS, which participated in the project along with ConocoPhillips Polar Tankers, Sembcorp Marine Ltd, and 3D Metalforge, the project marks a milestone for the technology that could revolutionize how parts are made and supplied to ships in need of repairs.

     

  • DNV and applied risk join forces to create industrial cyber security powerhouse

    DNV, the independent assurance and risk management provider, will acquire industrial cyber security specialist Applied Risk. The two companies will join forces with the aim to build the world’s largest industrial cyber security practice, defending critical infrastructure against emergent cyber threats.

     

Insurance

Oil & Gas

  • 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.

     

  • 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. 

     

  • 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.

     

  • OMV to Sell Stake in Arctic Offshore Oil Field Wisting to...

    Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. 

     

  • Petrobras Eyes Sale of Catuá Deepwater Field

    Brazilian oil company Petrobras is continuing with its strategy of divesting non-core assets so it can focus on its "world-class" deepwater and ultra-deepwater assets.

     

  • Lundin Energy Drills Dry Well in North Sea, Off Norway

    Swedish oil and gas company Lundin Energy has drilled a dry well at the Dovregubben prospect in the North Sea, offshore Norway.

     

Ports

Finance

  • 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.

     

  • 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.

     

  • Canada Significantly Out Investing U.S. for Port Infrastructure

    The celebration of the signing of the U.S. infrastructure legislation into law today in Washington, D.C., is seen as a critical step but according to a research report from U.S. West Coast ports maybe be just catching up to foreign competition. The bill, which is being valued at $1.2 trillion includes important elements for U.S. ports, although some of the projects for roads, bridges airports, and Wi-Fi are far more visible and gaining attention.

     

Shipping

  • 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.

     

  • 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.

     

  • 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.

     

  • Havila Takes Delivery of its First Norwegian...

    After several delays, Havila Voyages has taken delivery on the first of its hybrid vessels which will be used to start a new service along the Norwegian coast next month. The new service is part of the Norwegian government’s efforts to encourage competition on the route which had been maintained for over 125 years by Hurtigruten.

     

  • Launch of First U.S. Built Great Lakes Bulker...

    Construction is proceeding on the first U.S.-flagged Great Lakes freighter to be built on the Great Lakes in nearly 40 years. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding facility in Wisconsin, the completed hull of the Mark W. Baker was christened and floated from the drydock on October 28. 

     

Legal & Regulations

  • 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).

     

  • 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.

     

  • 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).

     

Environment

  • 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.

     

  • 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.

     

  • Kongsberg Maritime and Norsepower MOU agreement facilitates rotor sail integration for shipowners

    Kongsberg Maritime (KM) has signed a Memorandum of Understanding (MoU) with the leading global provider of auxiliary wind propulsion systems, Norsepower Oy Ltd. The collaboration between these industry leaders will facilitate the addition of wind propulsion to KM’s integrated power and propulsion systems.
     

Education

  • 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.

     

  • 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.

     

  • 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.

     

  • 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.

     

  • 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

Techonology

  • 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.

     

  • Servo Yacht Develops Technology to End Seasickness

    California-based Servo Yachts said the new marine stabilization design being tested on Martini 7.0, a 165-foot catamaran yacht, will relieve the effects of seasickness for roughly one-third of people who are highly susceptible to motion sickness.

     

  • Freightwalla Introduces AI-Powered Cargo Tracker to help MSME Exporters &...

    India’s leading digital freight forwarder Freightwalla has launched a free supply chain automation platform, an intelligent shipment tracking service for MSME businesses. An advanced predictive analytics system will help exporters/importers to combat risk associated with shipment delays and improve supply chain efficiency free of cost. The intelligent cargo navigation service backed by the latest ML algorithm will be available to all shippers, including local and global exporters and allied parties. Businesses can avail of the service at zero cost for tracking up to 20 containers per month.

     

Dredging

LIFESTYLE

  • 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.
     

  • 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.

     

  • 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.

     

  • 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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