Top News

  • Mohammad Bin Rashid launches leisure island project

     An integrated island project for tourism and leisure services at Jumeirah Beach, near Burj Al Arab, was launched on Tuesday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

  • UAE denies targeting Somali refugee boat

    An official source in the UAE Armed Forces has said that the UAE Armed Forces did not target the Somali refugee boat which was travelling from the coast of Yemen to Sudan.

  • TASNEEF showcases key achievements for the first quarter of 2017

    Emirates Classification Society “TASNEEF” recently showcased its key 2017 first quarter achievements at the Naval Defence Exhibition and Conference 2017 “NAVDEX” in Abu Dhabi. The event also provided the opportunity for TASNEEF to establish strategic partnerships with similar organisations exhibit its projects and connect with customers.

  • Drydocks World celebrates 3 decades of maritime excellence

    Drydocks World the international service provider to the shipping, offshore, oil, gas and energy sectors commemorated the yard’s 34th anniversary with a celebration to mark the yard’s achievements and recognize employees for over 30 years of service.

  • Somalia ship hijack: 'Pirates' demand ransom

    Hijackers holding an oil tanker off the coast of Somalia are demanding a ransom, the European Union anti-piracy naval force says.

Classification

  • DNV GL certifies large power transformer from Voltamp Oman

    Energy certification body, DNV GL has awarded Voltamp Oman with two KEMA type test certificates for a 125 MVA large power transformer (LPT), the largest transformer ever built in the GCC and a 315 kVA neutral earthing transformer(EAT).

  • ABS Executive Delivers Wakeup Call on Cyber Risks

    ABS, a leading provider of classification and technical services to the marine and offshore industries, participated in the 32nd annual CMA Shipping Conference and Exhibition in Stamford, CT, where ABS Chief Operating Officer Tony Nassif shared his perspective on cyber-related challenges faced by the marine industry.

  • DMCA reviews cooperation and joint work with various maritime associations in Dubai

    The Dubai Maritime City Authority (DMCA) recently brought together the high-level representatives of key Dubai maritime associations at its headquarters to engage industry leaders in insightful discussions according to the Dubai Maritime Sector Strategy’s goal (DMSS) of catapulting the emirate into the ranks of the world’s most vibrant, highly competitive, and safest maritime capitals.

Insurance

  • Hannover Re sees marine reinsurance premiums fall

    German reinsurer Hannover Re reported that gross written premiums (GWP) for 2016 in marine within the p&c reinsurance sector declined to €277m, from €297m the previous year, equal to just over 10% of the €2.65bn (2015; €2.92bn) specialty lines book as a whole. Hannover Re’s total GWP was €11.92bn, down from €14.14bn in 2015.

  • Eshiptrading Announces Complete Ship Brokerage Services From Technical...

    Ship buying is not an easy task, particularly for a person who has no idea about ships. For all people or companies interested to purchase ships, eshiptrading now offers professional ship buying services, which include finding a suitable ship, offering technical consultation and even arranging finances for serious buyers. They offer complete consultation and ship buying services for a person to purchase the best ship by paying the best price.

  • AUSTRALIANS GOING ON CRUISES WITHOUT TRAVEL INSURANCE

    A recent study done by 1Cover Travel Insurance has found that a staggering 30 per cent of Australian travellers did not take out travel insurance on their last cruise.

Offshore - Oil & Gas

Ports

Finance

  • Ship Finance International Limited’s (SFL) stock price is now at $14.25...

    Ship Finance International Limited (SFL), a part of Services sector and belongs to Shipping industry; ended its day with loss -2.73% and finalized at the price of $14.25. During its last trading session, Stock traded with the total exchanged volume of 0.86 million shares. The average volume stands around 0.83 million shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. The stock has relative volume of 1.04. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.

  • Bank Gives Rickmers Maritime Deadline for Revised Restructuring Plan

    German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm. 

  • RCL steps up port investment, this time in Penang

    Penang Port will collaborate with Royal Caribbean Cruises (RCL) in a joint venture to upgrade and improve Swettenham Pier Cruise Terminal in Georgetown, Penang, to accommodate berthing of larger cruise ships at its facilities. The 60/40 joint venture will be jointly managed by both parties, with the majority stake held by Penang Port.

Shipping

  • Eight Damen Interceptors for Panama

    The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on 6 February 2017.

  • VSTEP and Damen sign cooperation agreement for...

    A recent cooperation agreement between Damen and VSTEP has been established for the delivery of a NAUTIS Full Mission Bridge Simulator with Alphatron Marine equipment to the Royal Bahamas Defence Force. The delivery is part of the Sandy Bottom Project, which sees the Defence Force acquire a range of Damen patrol vessels, upgrade its existing fleet and develop its port and base infrastructure. 

  • Container Shipping Company’s Subpoenaed in U.S....

    U.S. Justice Department investigators have subpoenaed top executives of several container shipping companies as part of an investigation into price fixing, the Wall Street Journal reported, citing people with knowledge of the matter.

  • Rosneft signs deal to supply 10 LNG cargoes to...

    A trading unit of top Russian oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year. 

  • GE Shipping hits 52-week high on heavy volumes

    (GE Shipping) has risen to its 52-week high of Rs 413, up 7% on BSE on back of heavy volumes, in otherwise weak market.

Legal & Regulations

Environment

  • South Korea raises sunken Sewol ferry

     South Korea’s sunken Sewol ferry emerged from the waters on Thursday, nearly three years after it went down with the loss of more than 300 lives and dealt a crushing blow to now-ousted president Park Geun-Hye.

  • EU provided more than 2.2 billion euro to water and sanitation projects

    The European Union has provided more than 2.2 billion euro to water and sanitation projects in more than 62 countries worldwide since 2007 and is determined to continue supporting people affected by natural and man-made disasters, by providing life-saving access to safe and clean water.

  • Mississippi River Maintenance Called Inadequate, Threat to Trade

    Barges make their way down the Mississippi River with corn and soybeans, coal, chemicals, steel and other commodities destined for foreign shores. Whether originating along the river’s 2,320-mile stem or entering from arteries like the Ohio and Missouri rivers, the cargo—including 60 percent of all U.S. grain exports—heads for container ships docked in Louisiana.

Education

Women in Maritime

Techonology

Yachts

Dredging

  • Oman's Duqm SEZ contract awards top $1.8bln

     The Special Economic Zone Authority at Duqm (SEZAD) has awarded contracts totalling RO 705 million to date — a figure that is set to soar on the back of a plethora of new infrastructure and utility contracts due to be tendered out over the coming 12-plus months.
     

  • Van Oord: Navigating through challenging times

    The year 2016 was a challenging one for Van Oord. Revenue decreased to an amount of EUR 1.71 billion (2015 EUR 2.58 billion) and net profits went down to EUR 90 million (2015: EUR 169 million)

  • NMDC TO SET UP IRON ORE CRUSHING PLANT AT MAOIST...

    NMDC Ltd, country’s largest iron ore producer and exporter in public sector, will be setting up an iron ore crushing plant and more downhill conveyor systems at its Bailadila Iron Ore Mines at its Kirandul Complex in Dantewada district which is a bastion of Leftist insurgents.

  • Army Corps to Conduct Dredging on Stretch of...

    The Army Corps of Engineers will conduct emergency dredging operations along a stretch of the lower Kennebec River between Phippsburg and Bath.

  • Wärtsilä to optimise performance and uptime of...

    The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions. This is possible with real-time knowledge of the actual condition of the equipment, provided by Wärtsilä’s digital offering.

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