Top News

  • National Defense College delegation visit Jebel Ali Port and Free Zone

    A delegation from the National Defense College recently visited Jebel Ali Port and Free Zone to get first-hand information about the key role played by DP World and Jafza in the development of the Dubai and UAE economy.

  • Abu Dhabi Ports Launches Khalifa Port Free Trade Zone to European Market at Hannover Messe

    Largest Industrial Global Gathering sees Massive interest in Newly Awarded Free Zone Area in KIZAD

    Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports as well as Khalifa Industrial Zone (KIZAD), is participating in Hannover Messe Exhibition, the world's leading industrial fair, held in Germany, from 24-28 April, 2017 for the seventh consecutive year. This year, Abu Dhabi Ports chose this global platform to announce the largest free zone area in the Middle East, to the European market.

  • Nakilat Says Expanding Shipmanagement Activities Need Synergies with Partners To Succeed

    Nakilat organised the 21st Qatar Project Shipping Forum (QPSF) in London from 18th– 19th April 2017. The bi-annual Forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning the Nakilat fleet as well as the general shipping and maritime industry. This semi-annual Forum brings together many owners of leading international shipping companies along with ship charterers such as Qatargas and RasGas.

  • In Response to the “Year of Giving” Initiative Abu Dhabi Ports and Emirates Red Crescent Sign an...

    Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports as well as Khalifa Industrial Zone, signed an MOU with Emirates Red Crescent to promote humanitarian partnership between the two entities, in response to the “Year of Giving”.

  • Dubai Maritime City Authority reiterates call for strict safety compliance among floating...

    Move part of efforts to make Dubai one of the world’s leading maritime hubs with highest safety standards  

    The Maritime Inspection Department of the Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating, and supervising all aspects of Dubai’s maritime sector, continues to follow-up with all owners of floating restaurants operating in the emirate to strictly adhere and comply with the DMCA’s safety and high quality operational requirements in light of the increasing maritime traffic in Dubai in order to ensure the enhancement of maritime safety and the efficiency of maritime navigation within Dubai waters.

Classification

  • ABS Leads Ballast Water Management Workshop

    ABS, provider of classification and technical services to the marine and offshore industries, hosted a Ballast Water Management (BWM) Workshop for ship owners with BWM systems installed onboard their vessels. The full-day session covered a range of issues, including installation, commissioning and operational challenges associated with BWM systems.

  • DNV GL launches new PSC Planner application

    Classification society DNV GL has launched a new application on its My DNV GL portal – the Port State Control (PSC) Planner. The PSC Planner has been designed to help ship owners, managers and operators increase their operational efficiency by giving them an overview of a vessel’s or fleet’s PSC performance and to benchmark that performance against the IACS classed world fleet. It also helps the crew on board by showing them particular areas to focus on when they are preparing for their next inspection.

  • ABS Chairman, President and CEO Reports Strong Performance, Identifies Drivers for the Future

    ABS, a leading provider of classification and technical services to the marine and offshore industries, held its 155th annual meeting in New York. The meeting brings together ABS Members, representing industry, government and academia, to hear directly from ABS leadership on the performance and future focus of the organization.

Insurance

Offshore - Oil & Gas

  • Why Trump's offshore drilling order could backfire

    US President Donald Trump signed an executive order to extend offshore oil and gas drilling to areas that have been off limits - a move meant to boost domestic production but which could fall flat due to weak industry demand for the acreage.

  • Rally to protest reopening process for offshore oil leases

    In response to an anticipated executive order from President Donald Trump that may reopen offshore oil leases on the Atlantic Coast, two local environmental groups will hold a rally and press conference.

  • Trump to Sign Executive Orders That Enable Drilling and...

    U.S. President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment , which would make it easier for the United States to develop energy on and offshore.

  • Introducing AkzoNobel's innovative protective coatings...

    AkzoNobel, a leading global paints and coatings company, is underlining its commitment to invest in the country and expand its presence by participating in the Iran Oil Show 2017

    AkzoNobel will be presenting a selection of its innovative protective coatings products at the show, which takes place from 6 - 9 May in Tehran. These include its international brand of innovative products from Chartek, Interchar, Ceilcote and Enviroline product ranges, used in industries including oil and gas, mining and power – all high-growth sectors in Iran.

  • Iran opens new South Pars gasfield phases worth $20b

    The move paves the way for Iran to surpass the production levels of neighbouring Qatar, which shares half the offshore gasfield

  • Offshore wind farms offer subsidy-free power for first time

    German’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy.

Ports

  • Indian Register of Shipping expands operations in India after strengthening...

    For India, it has drafted guidelines for operation of LNG vessels and is working out a number of programmes to support development of port-related facilities.

    Indian Register of Shipping, a Mumbai-based globally recognised ship classification society has started its next phase of expansion in India after strengthening its footprint in major maritime centres abroad.

  • Mohammad praises Abu Dhabi Ports’ achievements

    His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from the Abu Dhabi Ports Company (ADPC), headed by Dr Sultan Ahmad Al Jaber, UAE Minister of State and ADPC chairman, on Tuesday.

  • Sohar free Port opens doors for Sri Lankan exports

    One of the fastest growing free ports in the world and one of the biggest free-ports in the Gulf Cooperation Council, Sohar has opened its doors to Sri Lanka with unparallel incentives of entry hitherto not offered by other free ports in the world-and historic Ceylon Tea, and several other Lankan sectors, are the immediate beneficiaries in the proposed win-win situation.

Finance

  • Lack of containers and delaying export in Europe after entering in force of...

    The restructuring of East-West route after establishing of container shipping alliances became more aggressive than earlier expected and many shippers suffered from lack of container units for their export. Mostly were affected the European ports in Black Sea, North Sea and Baltic Sea, as well as inland ports, which have much lower quantities of free units from the feeders, due to low inbound laden containers. There is a big congestion in the ports of Istanbul, Hamburg and Rotterdam, which additionally weight on the shipping flows. In many cases even the most expensive lines are overbooked and cannot provide free units for the shipping, which seriously affect the export and trade of Europe to Asia and Africa. Now many of the lines are overbooked for 1-2 months ahead and delays caused chaos on the trade lines.

  • Owners seek secondhand refinancing but lenders show little interest

    With less new ships being ordered amid the severe oversupplied shipping market and vessel assets changing hands in light of restructurings, owners are starting to seek refinancing for secondhand tonnages, but bankers have expressed little or no interests in entering into deals for such passed down assets.

  • EIB signs agreement of 150 million euros to finance green shipping

    The European Investment Bank and Dutch bank ABN Amro will sign an agreement today to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands and is supported by the “Connecting Europe Facility” and was made possible by the ”EFSI” (European Fund for Strategic Investments), central pillar of the Juncker Commission’s Investment Plan for Europe.

Shipping

  • Shipping Leaders Experience Market Tumble

    Two sector leaders experienced a poor start to the trading week despite the shipping industry seeing an improvement over the last 12 months.

    Diana Shipping, a dry bulk shipping service provider, and DryShips, a cargo vessel owner, saw their shares drop considerably during Monday trading with DryShips hitting a brand new 52-week low.

  • Norway First to Join HNS Shipping Treaty

    Norway has become the first country to become a contracting state to a key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship.

    The HNS Convention establishes the principle that the 'polluter pays' by ensuring that the shipping and HNS industries provide compensation for those who have suffered loss or damage resulting from an HNS incident.

  • Shipping lines unprepared for cyber breaches

    Most shipowners today have not conducted comprehensive risk analysis to cyber breaches leaving the global merchant fleet very exposed to online attacks. That’s the view of Ronald Spithout, the president of satellite communications giant Inmarsat Maritime.

  • OPEC Chief Sees Oil Producers Closer to Re-...

    Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said.

  • Cosco Shipping and Hisense ink strategic...

    China Cosco Shipping Corporation Limited (Cosco Shipping) and compatriot electronics manufacturer Hisense Co have inked a strategic cooperation.

Legal & Regulations

  • Costly bilge water non-compliance is subject of new Alfa Laval white paper

    A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine environment.

  • Safety first: building a ‘safety climate’ is key to avoiding marine accidents

    Located at the gateway to southern China and the centre of the fast-developing Asia-Pacific trading basin, the Hong Kong port has always played a key strategic role in the economic development of the city.

  • Shipping industry faces seismic shift in 2020 as sulfur cap looms

    In 2020 the shipping industry is facing its biggest change since the shift away from burning coal a century ago as the IMO is set to impose a new 0.5% sulfur cap on marine fuel emissions. S&P Global Platts associate director Paul Hickin and editorial lead for bunker news Jack Jordan assess the readiness of the industry for the changes ahead, as well as the likely options for shipowners in coping with the stricter emissions regulations.

Environment

Education

Women in Maritime

Techonology

Lifestyle

  • Wally is working on a new 93 foot luxury sailing...

    The Wally ‘93’ superyacht is a majestic visionary concept by monaco-based shipyard wally yachts, producer’s of the ‘angel’s share‘. this teak-finished 93 foot long sailboat is currently under construction and illustrates the synergy between naval designers and architects when the budget is of no concern.

  • "Pink Gin VI" Rolled Out

    The latest yacht to bear the name Pink Gin has emerged at the Baltic Yachts facilities in Finland. "Pink Gin VI" was rolled out of the yard's inland facilities in Bosund and was trucked to their waterfront property in Jakobstad where she will be prepared for actual launch next month. Actually, her launch into the water is planned for May 12th.

  • Top Superyachts to Charter at The Cannes Film...

    Between 17 to 28 May in the heart of Cannes, the Old Port will play host to those visiting the 70th Annual Film Festival as one of the most enviable events on the French Riviera. With an atmosphere that welcomes attendees with excitement and elegance, we take a look at the top superyachts still available for charter in this cultural hot-spot.

  • Couach Yachts 2300 Fly hull #5 ready for delivery

    23-metre Fly, fast-planing Couach yacht, has been launched at the end of March and is now ready for delivery. 

  • Heesen Launches Project Nova as Superyacht '...

    The latest superyacht to emerge from the Heesen Yachts shipyard in Oss is Project Nova (YN 17850); the world’s first Fast Displacement yacht with hybrid propulsion.

    Christened ‘Home’ by her owner on Friday 14th, this 50-metre cutting-edge milestone represents yet another step forward for the innovative shipyard and a major new addition to the global fleet.

Dredging

  • 'More coal imports could end Goa's...

    Dredging of the sea bed near Goa's Mormugao Port Trust, to facilitate expansion of the port's privately operated coal-handling berths may sound the death-knell for Goa's dolphin-sighting tours, which are a hit with tourists.Over the last three days, the MPT, Goa's only major port, has been conducting environmental public hearings, which will eventually influence the central environmental clearances required for redevelopment of berths 8 and 9 operated by Adani Ports and the JSW-operated South West Port Ltd.

  • Australia: trailing suction hopper dredger for...

    A trailing suction hopper dredger ordered by Gippsland Ports of Victoria, Australia, in December 2015 has been been launched at Damen Yichang Shipyard in China.

    The vessel, Tommy Norton, is now alongside the yard’s new quay undergoing final commissioning, after which she will sail for Shanghai to undertake sea trials. Once those are completed she will sail for Australia on her own keel for dredging trials and delivery. The official handover will take place in August.

  • Australia’s east coast to fund dredging strategy...

    The New South Wales government has announced an 8-million-Australian-dollar (six million U.S. dollars) coastal dredging strategy on Wednesday, aimed at improving the state’s ports and harbors.

  • US: DREDGING TO BEGIN IN PONCE DE LEON INLET

    Maintenance dredging of Ponce de Leon Inlet is scheduled to begin April 11 and provides an interim solution to sand deposited in the inlet by Hurricane Matthew. Dredging keeps the channel open for safe navigation for as long as possible through summer 2017.

  • United Arab Emirates stocks lower at close of...

    United Arab Emirates stocks were lower after the close on Sunday, as losses in the Transport, Insurance and Finance & Investment sectors led shares lower.
    At the close in Dubai, the DFM General fell 0.32%, while the ADX General index lost 0.52%.

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