Top News

Classification

Insurance

Offshore - Oil & Gas

  • King Salman inaugurates $42.7bn projects by Aramco

    Saudi Arabia’s King Salman bin Abdulaziz Al Saud inaugurated last week a number of oil giant projects of Saudi Aramco and the King Abdulaziz Centre for World Culture in Dhahran.

  • OPEC output cut to lift Saudi fiscal state

    OPEC production cut will overall improve Saudi Arabia’s fiscal position as oil prices rallied more than 15% post the agreement, while production is agreed to be cut by 4.6%, Al Rajhi Capital said in its report titled “OPEC Cut: Provides More Fiscal Comfort”.

  • Oil dips as OPEC joins Russia in increasing output ahead of...

    Oil prices eased early in Asia as crude output rises in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017.

  • Saudi Arabia’s oil problems run far deeper than Opec

    Currently the Saudis overwhelmingly use term contracts to supply major customers, using an official selling price, which is calculated by using the Dubai market structure, recommendations from customers and changes in the value of refined products

  • Opec in first joint cut with Russia since 2001

    Opec has agreed its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output, pushing up crude prices by around 10 per cent.

  • Statoil: Production drilling started on Mariner

    Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer.  First oil is expected to be produced from Mariner in 2018.

Ports

Finance

Shipping

  • Qatari LNG to Arrive at South Hook Terminal

    UK’s Milford Haven Port Authority announced that Al Huwaila LNG carrier with a 217,000cbm cargo capacity is scheduled to dock at the South Hook terminal’s jetty in early December, reported LNG World News. The LNG carrier jointly owned by Qatari Nakilat and Teekay will be the first to deliver a cargo to the terminal.

  • Abu Dhabi Ship Building expands customer portfolio

    Abu Dhabi Ship Building, ADSB, has announced that it has expanded its customer portfolio to now include chemical tankers. ADSB welcomed its first chemical tanker at the new drydock facility at Mina Zayed, which was commissioned in July of this year. Mid Osprey, a 140m chemical tanker, is undergoing major repairs, including the refurbishment of the ship’s accommodation.

  • Maersk to buy German shipping line Hamburg Sud

    Maersk Line, the world's biggest shipping company, is to buy smaller rival Hamburg Süd, joining a wave of M&A in the industry just over two months after the Danish company revealed plans to bolster its transport operations.

  • DMCA, DNV Join forces to promote Maritime...

    In cooperation with Det Norske Veritas, one of the world's largest classification society of vessels, Dubai Maritime City Authority's (DMCA) 'Maritime Innovation' workshop recently concluded with high participation from maritime industry pioneers and other government entities such as DP World, Dry Docks World, Dubai Maritime City, JAFZA and Trakhees. The workshop was organized to attract investment in innovation, initiate research and development initiatives, enhance the local sector's competitiveness, and make Dubai one of the world's leading maritime capitals.

  • Caisse, DP World create $3.8b port venture

    Canada’s second-largest pension fund manager to buy 45% stake in two of DP World’s Canadian container terminals

Legal & Regulations

  • Government of Canada Announces Concrete Action on Marine Conservation

    Canada is taking action in the conservation and long-term protection of marine biodiversity. At the recent Convention on Biological Diversity at the Conference of the Parties (COP13), the Honourable Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced a new initiative that will facilitate meeting Canada's marine conservation targets, and another that demonstrates Canada's commitment to ensuring the long-term viability of the Sargasso Sea, a globally significant marine ecosystem.

  • Four routes to better maritime governance

    Challenges in preventing pollution from ballast water highlight reforms needed in global shipping regulation, write Zheng Wan and colleagues.

  • Beijing demands Singapore abide by ‘one-China’ principle after military...

    The row between China and Singapore over the impounding of the city state’s military vehicles in Hong Kong escalated as Beijing lodged a diplomatic protest ­on Monday.
     

Environment

Education

  • Launch of Seafarers’ Accommodation Scheme (SAS)

    Singapore shipping companies that are currently facing a cyclical downturn are getting a helping hand from the Singapore Maritime Officers’ Union in the form of 6,000 subsidised hotel rooms for the next 2 years to lighten their financial load. This Seafarers’ Accommodation Scheme will cost the union S$300,000 and aims to help shipping companies provide quality lodging at subsidised rates for their officers.

  • Kongsberg Maritime: University Students Test Own...

    Students and researchers from the Norwegian University of Science and Technology (NTNU) were given the opportunity to test their own Dynamic Positioning (DP) algorithms in a full-scale setting last week. The trials took place in the Trondheimsfjord aboard the ‘R/V Gunnerus’, the NTNU-owned research and education vessel to which KONGSBERG donated a state-of-the-art K-Pos DP system in 2015.

  • NYK Program for Maritime Schools

    The NYK-TDG Maritime Academy (NTMA), which NYK operates in the Philippines, successfully conducted an international short-term student-exchange program with maritime schools in Japan during the months of August and October 2016.
     

  • NYK Scholarships for Maritime Students in China

    At the Maritime Academy of Toledo, students learn basics like math and English. They also take classes on boatbuilding.

  • Icon of Maritime Education Crosses the Bar

    Amy Morley-Beavers was a U.S. Coast Guard licensed master and Vice President of Maritime Professional Training in Fort Lauderdale, Florida. She had also served as Vice Chair of the Merchant Marine Personnel Advisory Committee (MERPAC).

Women in Maritime

Techonology

  • Trakhees customers no longer need to visit company headquarters for payment...

    As a leading provider of smart solutions and e-Services in the UAE, Dubai Trade, the single window for cross-border trade and smart trading solutions, has announced the integration of the online services of Trakhees, the Department of Planning & Development and part of Ports, Customs & Free Zone Cooperation (PCFC), and Dubai Trade’s secured e-payment gateway, “Rosoom”. Trakhees joins other major organizations that use “Rosoom” such as DP World, Jebel Ali Free Zone (Jafza), National Industries Park, Nakheel and Imdaad.

  • Martek Drones to Protect European Waters

    Martek Drones, a division of Martek Marine, has big plans for the future, starting with their 2-meter long drones and a multi-million euro contract with the European Maritime Safety Agency, for Remotely Piloted Aircraft Systems (RPAS) services in the maritime environment.

  • Indonesia seeks maritime merit of ‘Vikings’

    The government has invited 33 companies from Norway and Denmark to explore business opportunities in the country’s maritime sector, including in port management and security, to help meet its vision of becoming one of the world’s top maritime powers.

Yachts

Dredging

Top