Top News

  • Abu Dhabi Ports Announces Concession Agreement with COSCO SHIPPING Ports Limited

    Abu Dhabi Ports announced today the signing of a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of COSCO SHIPPING Ports Limited, one of the leading container terminal operators in the world and a subsidiary of China COSCO SHIPPING Corporation Limited.

  • NMDC to enhance its competitiveness in the International Market

    National Marine Dredging Company (NMDC) employs its international experiences and industry-leading achievements to enhance its position in this unique market. The Company’s successful projects provide new horizons for developing its service offerings and achieving its main goal of building an economic-maritime ecosystem based in the UAE and targets the Arab World.

  • Mohammed Al Suwaidi to Marasi Yachts: We seek to enhance our services with “Innovation”

    Since its establishment in Dubai in 2003, Al Suwaidi Marine has achieved a remarkable position in the boating industry. The company has long realized the role of the sea as a source of wealth for the Emiratis, its beginnings were focused on building fishing boats at highest international standards and affordable costs. Expanding to new markets, the company established a new line for leisure boats. The company’s designers presented unique designs, meeting the special requirements for this type of boats in the UAE, as well as the highest luxury and comfort standards.

  • Marasi Yachts Traces Boat Building Phases at Al Yousuf Motors

    Boat building process starts on the customer side, as he defines his needs and wishes, and makes the decision. Once the decision is made, a seasoned team of Al Yousuf Motors experts meet the customer to provide him with comprehensive consultation and help him develop his choices to best address his needs. 

  • Dubai's first “water homes” to feature in new “Marasi Business Bay”

    An innovative waterside development, inclusive of a 12km promenade, will feature retail options, floating restaurants, leisure facilities, five palm tree-lined marinas and Dubai’s first ever water homes. 

Classification

  • DNV GL Review After COSLInnovator Death

    DNV GL is reviewing its approval of around 100 semi-submersible rigs as a result of the incident involving COSLInnovator in December 2015. Preliminary assessments indicate that a limited number of rigs will be subject to modifications or operational limitations.

  • DNV GL Review After COSLInnovator Death

    DNV GL is reviewing its approval of around 100 semi-submersible rigs as a result of the incident involving COSLInnovator in December 2015. Preliminary assessments indicate that a limited number of rigs will be subject to modifications or operational limitations.

  • TASNEEF continues to achieve impressive growth for the 4th successive year

    Emirates Classification Society “TASNEEF” completed its 4th year with significant achievements in classification services that are tailored to the needs of the Arab world. This comes as a result of TASNEEF’s success in directing the world’s attention to the UAE’s added values in the marine industry. Commenting on Tasneef’s achievements, Eng. Rashed Al Hebsi, CEO of Tasneef said, “We are blessed to have achieved a wide acceptance in the Arab maritime community as the first Arab classification society, and we are considered the accredited society for issuing compliance certificates in accordance with GCC standards.”

Insurance

Offshore - Oil & Gas

Ports

Finance

Shipping

  • World Maritime Day: Shipping is Indispensable

    September 29 is World Maritime Day, an annual opportunity to increase awareness of the fact that shipping is "indispensable to the world."

  • CNG PROJECTS – RULE FRAMEWORK AND TECHNICAL...

    The traditional means for transportation of natural gas have, so far, been pipelines and LNG ships. An important innovation in the natural gas market is the transportation by sea without undergoing liquefaction, but simply compression.

  • Aqua Diving Services awards Damen Shipyards...

    Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services Ltd. Once delivered, it will be used primarily to deliver offshore support services, including the provision of accommodation facilities for personnel as well as operating as a work platform with crane facilities.

  • Fitch: Maersk Gets Little Solace from Sectoral...

    The decision by A.P. Moeller-Maersk A/S to split into two separate divisions – Transport & Logistics and Energy – reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle, Fitch Ratings says.
     

  • Shares of troubled shipping firm Hanjin jump 28%

    Shares of Hanjin Shipping have jumped by as much as 28% in South Korea.
     

Legal & Regulations

  • Time Charter “Trip”: A red herring?

    A recent judgment of the English court in SBT Star Bulk & Tankers (Germany) GmbH & Co KG v. Cosmotrade SA (The Wehr Trave) [2016] EWHC 583 (Comm) highlights the need to exercise care in using the word “trip” in the charterparties. This is an English law case but this word can also result in a dispute in the UAE courts as addressed below.

  • Compliance with STCW Manila Amendments Fast Approaching: Ship-owners be...

    The STCW Manila Amendments entered into force on 1st January 2012 and had a 5 year grace period until 1st January 2017.  The comprehensive review of the STCW 78, as amended 95 had made major revisions identified in the Manila Amendments which come into effect on 1st January 2017. 
     

  • Procedural Errors Invalidating Ship Arrests

    A vessel arrest is the manner in which a claimant obtains security for a claim which may possibly lead to the judicial sale of the vessel, should that become necessary. Vessel arrests arise as potential remedies for an assortment of creditors; for example, a ship owner that needs to repossess the vessel under the charterparty, or a mortgagee who has terminated a loan facility due to default, etc. 
     

Environment

Education

Women in Maritime

  • Supporting Maritime Women of the Caribbean

    Work to support women in the Caribbean maritime industry is underway with the first conference of the Women in Maritime Association Caribbean (WiMAC) taking place in Grand Cayman, Cayman Islands.

  • WISTA Brazil formed as 36th National WISTA Association

    Karin Orsel, President of the Women’s International Shipping & Trading Association (WISTA) announced the formation of the 36th National WISTA Association with the launch of WISTA Brazil. WISTA Brazil became official at an event attended by 44 founding members.
     

  • Local Cayman women encouraged to pursue maritime study

    Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This year government appropriated $152 million, or about US$190 million, for education purposes, which includes scholarships … I would be more than pleased if our young people saw fit to tap into this funding to pursue careers in the maritime industry.”

Techonology

  • Siemens to demonstrate future of power supply at Wetex

    Siemens, a global technology powerhouse, will illustrate the future of energy supply through its microgrid table and breakthrough energy storage solutions at the upcoming Water, Energy, Technology and Environment Exhibition (Wetex) in Dubai.

  • Huawei to showcase smart city tech at Gitex

    Huawei, a leading global ICT solutions provider, will showcase its ‘new ICT’ solutions that are helping to shape the future in a connected world at the upcoming Gitex Technology Week, a major ICT expo in Dubai, UAE.

  • INFRARED THERMOGRAPHY COULD SAVE TIME AND MONEY WHILE REDUCING THE RISK OF A...

    Infrared (IR) thermography has become a powerful tool for basic and applied scientific research, along with practical applications in various fields such as industrial, environmental, and maritime. Infrared thermography is applied in the marine field to identify and target equipment and systems which need attention, as well as to eliminate unnecessary work on board. Thermographic inspections with an infrared camera will instantly show the condition of electrical circuits, electronic systems and other installations on board, which helps to avoid costly and catastrophic failures.
     

Yachts

Dredging

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