Shipping

  • Bangladesh: New law for ship-breaking industry

    The piece of legislation that the Jatiya Sangsad late last week adopted to discipline the country’s ship-breaking industry has been long overdue. Notwithstanding its importance in the economy and the risks that it poses, when unregulated, to the environment, the governmental efforts were too scanty for streamlining the ship recycling industry that has flourished along the coastline of Chittagong since early 1980s.

  • WORLD’S BIGGEST ROTORTUG® NAMED AT ALBWARDY DAMEN

    On Thursday, 18th January Albwardy Damen in Sharjah hosted a naming ceremony for the world’s biggest Rotortug®, the ART 100-46 RT Raven. The vessel will be operated by Perth-based KT Maritime Services Australia Pty Ltd, a joint venture partnership between Kotug International B.V and Teekay Shipping Australia Pty Ltd.

  • The UAE Protects Against Seafarer Abandonment

    The United Arab Emirates (UAE) Federal Transport Authority has issued a circular saying that all ships flying the UAE flag trading internationally and all ships operating in UAE waters above 200 gross tons have to have a financial security system in place to protect seafarers against abandonment, death or injury.

  • DP WORLD marked Monday its 10-year public listing...

    DP WORLD marked Monday its 10-year public listing on Nasdaq Dubai with a ceremonial event at the Dubai Financial Market (DFM), attended by Sultan Bin Sulayem, chairman and CEO of DP World, Essa Kazim, governor of the DIFC and chairman of DFM, and Hamed Ali, CEO of Nasdaq Dubai.
     

  • Cement Carrier Lelie C returns to Damen...

    Two years after its previous visit the Lelie C, owned by Cebo Marine, has left Damen Shiprepair Oranjewerf (Oranjewerf) following a full maintenance programme and a significant upgrade to its cement carrying capacity. The three-week stopover included a full survey and a range of repairs and maintenance to prepare her for more years of reliable service.  

  • Tankers: The rate of newbuilding deliveries will...

    Ship owners active in the tanker market have entered 2018 in a numb state, as they have been looking for some positive news, after what proved to be a more than challenging year. In its latest weekly report, shipbroker Gibson said that “2017 was always expected to be a challenging year, however, for the crude sector at least, the first half of the year generated reasonable earnings. In contrast, product tankers suffered heavily during the first six months, but did at least witness increased volatility later in the year. 2018 looks set to be another painful period for tanker owners, with a continued wave of new tonnage and potentially challenging demand conditions”.

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Multraship takes delivery of first of two CARROUSEL RAVE TUGs from Damen

Leading towage and salvage specialist Multraship has taken delivery of the first of two game-changing CARROUSEL RAVE TUGs (CRT) which will make it easier, safer and more environmentally friendly to work with seagoing vessels at much higher speeds than conventional tugs can safely achieve, and without the risk of capsizing under a tow-load.

English

Gulf Navigation Holding appoints “Al Ramz Corporation Investment and Development” as a Co-Bookrunner to raise its capital to AED 1 billion

Gulf Navigation Holding PJSC (GulfNav) has appointed Al Ramz Corporation Investment and Development listed in Dubai Financial Market as a Co-Bookrunner to manage their “Rights Issue” in order to increase its capital to AED 1 billion. Al Ramz Corporation was selected following the completion of all the final approvals from the Securities and Commodities Authority.

English

Bangladesh: New law for ship-breaking industry

The piece of legislation that the Jatiya Sangsad late last week adopted to discipline the country’s ship-breaking industry has been long overdue. Notwithstanding its importance in the economy and the risks that it poses, when unregulated, to the environment, the governmental efforts were too scanty for streamlining the ship recycling industry that has flourished along the coastline of Chittagong since early 1980s.

English

WORLD’S BIGGEST ROTORTUG® NAMED AT ALBWARDY DAMEN

On Thursday, 18th January Albwardy Damen in Sharjah hosted a naming ceremony for the world’s biggest Rotortug®, the ART 100-46 RT Raven. The vessel will be operated by Perth-based KT Maritime Services Australia Pty Ltd, a joint venture partnership between Kotug International B.V and Teekay Shipping Australia Pty Ltd.

English

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