Youngship Dubai discussed the impact of COVID-19 on the shipping industry and seafarers

In the midst of the lockdowns imposed and the travel restrictions declared by governments worldwide during the initial days of the COVID-19 pandemic, many remained unaware of the issues faced by seafarers. To shed light on this, Youngship Dubai organized a virtual discussion that addressed impacts of COVID-19 on the shipping industry and issues faced by seafarers. 


HOPE Consortium’s World Immunization & Logistics Summit emphasized UAE’s efforts to combat the pandemic

The HOPE Consortium’s World Immunisation & Logistics Summit, held under the patronage of the UAE Ministry of Foreign Affairs and International Cooperation, highlighted the efforts put in by the UAE Government to combat the COVID-19 pandemic, and the support provided by the nation’s supply chain industry to deliver vaccines worldwide. The two-day virtual summit saw the participation of renowned global healthcare and philanthropic leaders, policy makers, experts, and senior government officials. The summit served as a platform that promoted the message of enhancing global cooperation in the fight against COVID-19, in order to ensure a safer future for everyone around the globe.


FUJCON 2021 shed light on the unstable oil and gas market, supply chain resilience and more...

The 12th International Fujairah Bunkering & Fuel Oil Forum was held virtually this year, incorporating enlightening discussions between industry experts on diverse topics ranging from global oil markets to decarbonisation of the shipping industry, and from seafarers’ issues to digitalisation of the maritime industry. The event was held over a span of two days and was honoured with the presence of H.E. Eng, Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, for the ministerial address; Mohammed Majed Bin Al Aleeli, Director-General of Dept. of Industry and Economy, for the opening and closing remarks; and Dr. Mohammed Saeed Al Kindi, Chairman of FUJCON Steering Committee, for the welcome address.


Large LNG-powered RoPax fast ferry enters service from Spain

One of only a few large, fast passenger ferries fueled by natural gas is due to enter service tomorrow sailing between Spain and the Balearic Islands. In addition to being an LNG-fueled vessel, Balearia’s new vessel, the Eleanor Roosevelt, expands the company’s capacity and becomes the longest fast ferry. It is also the first LNG-fueled fast ferry with reciprocating engines.


Valaris emerges from bankruptcy, continuing industry restructuring

The Valaris Group completed its financial restructuring emerging from chapter 11 bankruptcy proceedings as part of the ongoing restructuring taking place across the offshore sector. The reformatted company reports it eliminated $7.1 billion of debt while continuing to operate the largest fleet of offshore drillships, semisubmersibles, and jackups. Management also expressed cautious optimism in the outlook for the market. 


Two large cruise ships return to service in the Mediterranean

As the first step to restring cruise operations for the summer of 2021 in the Mediterranean, two large ships returned to service on May 1 sailing from Italy. Carnival Corporation’s Costa Cruises returned to service for the first time in 2021, while MSC Cruises started sailing a second large cruise ship.