Top News

Classification

Insurance

Offshore - Oil & Gas

  • Belize Bans Offshore Oil and Gas Exploration

    In the closing days of 2017, as the Trump administration drafted a proposal to open most U.S. waters to oil and gas development, the legislature of Belize unanimously approved a bill to ban future offshore exploration. 

  • Investment of $83.4bn in top ten offshore gas projects

    Over $186bn in capital expenditure will be spent over the lifetime of the top 10 offshore gas projects to produce 299 trillion cubic feet (tcf) of natural gas, according to research and consulting firm GlobalData. These 10 projects, selected from 156 upcoming offshore projects globally, will contribute incremental capacity of 15,200 million cubic feet per day (mmcfd) to global gas supply by 2025. Barzan, a planned shallow water field in Qatar, is the largest with anticipated peak production at 5,580 mmcfd in 2030 at an estimated cost of $17bn.

  • Exxon Strikes Oil Offshore Guyana

    ExxonMobil announced Friday that its successful run of oilfield discoveries offshore Guyana continued in the last quarter with positive results at the Ranger-1 exploration well. Previous finds at the firm's Liza, Payara, Snoek, Liza Deep and Turbot wells are estimated to contain more than 3.2 billion barrels oil equivalent.

  • Saudi company wins Fadhili gas plant supply deal

    Electronic and Electrical Industries Corporation (EEIC), a power and automation solutions provider and a subsidiary of Abunayyan Holding, has won a major supply contract for the Fadhili gas plant project in Saudi Arabia.
     

  • KOC floats tenders for offshore oil exploration – Boost in...

    Kuwait Oil Company (KOC) in an unprecedented move has floated tenders for offshore oil explorations, reports Al-Anba daily. The daily quoting informed sources explained that contracts are expected to be signed in the second half of 2018 for implementation of the project. He explained the internal tenders committee at KOC went ahead and floated tenders for offshore oil explorations without resorting to the Central Tenders Committee based on specific conditions stipulated in the new Tenders Law.

  • Spectrum increases 2D seismic coverage offshore Argentina

    Spectrum, in partnership with BGP Marine, has started a multi-client 2D seismic survey covering the Austral and Malvinas basins offshore southern Argentina. Through the authorization of the Ministry of Energy and Minerals, the expected survey size is about 14,500 km (9,010 mi) but may vary based on input from participating clients.

Ports

Finance

Shipping

  • 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.  

  • Bahri Dry Bulk secures SAR 360 mn financing from...

    New vessels being built by Hyundai Mipo Dockyard will be used to cater to the growing demand for the import of essential grains into Saudi Arabia

  • Hyundai Heavy sets 2018 sales target at KRW 7.98...

    Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said that it aims to achieve KRW 7.98 trillion in sales this year as its president warned of an unprecedented crisis due to declining order backlogs.

Legal & Regulations

  • Anti-piracy mission helps China develop its blue-water navy

    China’s 27th and 28th naval escort task forces have recently completed their mission handover in the Gulf of Aden. Anti-piracy operations by the People’s Liberation Army Navy (PLAN) have become a constant in the area. And this has both immediate and long-term strategic implications for Beijing’s military projection away from its traditional perimeter of action in East Asia.

  • US Proposes Easing Offshore Oil Drilling Safety Regulations

    The U.S. Interior Department on Dec. 28 proposed eliminating some safety regulations for offshore oil and gas drilling that the Obama administration put in place after BP’s massive Gulf of Mexico (GoM) oil spill, a move it said would reduce “unnecessary burdens” on industry.

  • Seafarer shore leave gets extra protection from 1 January 2018

    Seafarers' rights to shore leave have been strengthened through amendments which enter into force globally on 1 January 2018, under the revised treaty which aims to achieve the smooth transit in ports of ships, cargo and passengers. 

Environment

Education

Women in Maritime

  • New network supporting women in maritime launched

    Central and Latin America celebrated the launch of a new maritime network for women which joins the IMO family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. 

  • SAJ Elects First Female President

    In a moment punctuated by history, the members of the Shipping Association of Jamaica (SAJ) unanimously voted Denise Lyn Fatt as the first female president of the 79-year-old organisation at its annual general meeting (AGM) on December 8.

  • Simwave welcomes Cinthya Lopes aboard

    Cinthya Lopes has joined Simwave, the maritime simulation centre in Rotterdam, as simulator operator. Prior to joining Simwave she worked in a variety of roles in the field of maritime training at the Brazilian Navy and Kongsberg.

Techonology

Lifestyle

Dredging

  • Dewa signs deal to build hydro storage station

    Dubai Electricity and Water Authority (Dewa) has signed a Memorandum of Agreement (MoA) with the GCC Interconnection Authority (GCCIA) and the Belgian Dredging, Environmental & Marine Engineering Group (DEME)

  • Bids sought from advisors for sale of Dredging...

    The government today invited bids from transaction advisors for the sale process of three PSUs, including Dredging Corporation of India

  • Canal dredging needs to be on a reliable schedule

    Dredging of the San Rafael Canal, an important commercial and recreational waterway, should be routine maintenance, regularly scheduled by the city and the Army Corp of Engineers.

  • Centre scouting for asset-valuer for Dredging Corp

    Unperturbed by workers’ protests and agitations — including an employee reportedly ending his life — the Centre is proceeding with the privatisation of Dredging Corporation of India Ltd (DCI), seeking bids to hire a firm to value the assets of the Visakhapatnam-based company.

  • Dredging underway in Muriganga ahead of...

    The state Irrigation department is carrying out a massive dredging work in Muriganga ahead of Gangasagar Mela on Sagar Island to ensure round the clock operation of vessels to ferry pilgrims from mainland to island and vice versa. Lakhs of people from different parts of the country visit Sagar Island to take a holy dip at the confluence of river Ganga during Makarsankranti every year. The state government makes an elaborate arrangement to ensure that the pilgrims do not face any inconvenience while they are headed towards Sagar Island and their safe return. 

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