Top News

Classification

  • DNV GL Updates Industry’s Preferred Pipeline Standard

    The most used and recognised offshore pipeline standard in the world has been updated to reflect the latest pipeline research and developments by DNV GL, the quality assurance and risk management company, and other leading industry players. The standard, previously called DNV-OS-F101 is now renamed DNVGL-ST-F101. Around 65% of all new projects globally are designed according to the standard, first issued in 1976.

  • Bureau Veritas to class CMA CGM’s LNG fuelled ultra-large containerships

    • The 22,000 TEU ships will be built under BV Classification
    • Bureau Veritas has provided significant support with feasibility studies to provide project confidence
    • Award to Bureau Veritas further underlines leadership in gas fuelled ship classification

  • Kongsberg receives first DNV GL cyber security type approval for its K-IMS system

    As the shipping industry digitalizes, vessels are becoming sophisticated hubs of connected systems and sensors that generate and exchange data both onboard and back to shore. This connectivity increases the need for cyber security and for ways of verifying the cyber safety of installed systems.
     

Insurance

  • EU-US covered agreement

    The announcement of a covered agreement between Europe and the US to enhance international insurance and reinsurance regulation has been long anticipated. When the IUA first began actively advocating the case for mutual recognition between authorities on both sides of the Atlantic, Hilary Clinton was First Lady of the US and everyone was worrying about the millennium bug. Now, 20 years later the case is finally being recognised at the most senior levels of government.

  • Organized thieves target expensive boat engines

    The thieves knew exactly what they were looking for when they broke into Alex May's boat dealership.

  • Greener Ships Will Not Automatically Get a Discount in Insurance Premiums

    The second day of the “Maritime Cyprus 2017” Conference successfully kept the momentum that was experienced during the previous day. Hundreds of distinguished participants from around the world followed the proceedings of the second day of the Conference, solidifying its reputation as one of the most successful shipping conferences worldwide.

Offshore - Oil & Gas

  • Suncor Energy announces 2018 capital program and production...

    Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.

  • Kosmos Plans To Resume Drilling On TEN Project Offshore...

    Kosmos Energy Ltd. said it expects to resume development drilling on Ghana’s multibillion-dollar TEN deepwater oil and gas project in early 2018, rather than around the end of this year as it previously expected.

  • DNV GL - Oil & Gas appoints Brice Le Gallo as Regional...

    With Asia still the world’s largest market for LNG and accounting for 70% of global consumption, Japan has announced that it is making available US$10 billion for investment in government and private joint ventures to support the expansion of the Asian LNG industry. 

  • US Policy On Iran Won't Harm Its Oil Industry

    President Donald Trump’s revised hardline policy towards Iran will have little impact on Tehran’s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Oct. 17

  • Adnoc launches a unified brand identity across its group of...

    Abu Dhabi National Oil Company (Adnoc) launched a unified brand identity across its group of companies bringing together its subsidiary companies under one common identity to highlight the scale of its business.

  • Thuraya joins hands with Gulfsat in new partnership

    DUBAI -- Thuraya Telecommunications Company announced today the signing of a partnership with satellite communications company, Gulfsat, at the ongoing OP, Offshore Patrol Vessels, event in Kuwait. This strategic alliance will enable Gulfsat to launch data services in Kuwait.

Ports

  • Yemen sees ports reopen

    Saudi Arabia has reopened some ports in Yemen a week after the Saudi-led military coalition battling the Houthi movement there announced a temporary closure of all Yemeni ports to staunch the tide of arms being sent to Houthi rebels from Iran.

  • All Yemeni Ports Forced to Shut Down

    Saudi-led forces occupying Yemen to fight against Houthis have plans to temporarily close all seaports, airports and land ports, according to Washington Post/AP.

  • Abu Dhabi Ports and Airports come together to provide united offering for...

     

    Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD), signed a Memorandum of Understanding (MOU) with Abu Dhabi Airports for the provision of a first time in the region offering of airport check-in counters at Abu Dhabi Cruise Terminal.

     

Finance

Shipping

  • Maersk Calls for Ambitious CO2 Cuts

    In a letter released this week, Maersk head of sustainability strategy John Kornerup Bang called for a concerted effort from shipping to reduce its carbon dioxide emissions. 

  • Dry bulk shipping charter rates to rise in 2018

    Global shipping consultancy Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to its latest edition of the Dry Bulk Forecaster.

  • Unsafe mixed migration by sea – an ongoing...

    Unsafe mixed migration by sea continues to claim many lives, despite the strenuous efforts made by Governmental and naval rescue services, often supported by merchant vessels, abiding by the long-standing tradition and legal obligation to go to the rescue of persons in distress at sea. 

  • Regulating ship speed could cut emissions by a...

    Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new independent study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings 1. from reducing the speed of these ships alone could, by 2030, be as much as 12% of shipping’s total remaining carbon budget 2. if the world is to stay under the 1.5ºC global temperature rise, the CE Delft study for NGOs Seas At Risk and Transport & Environment, founding members of the Clean Shipping Coalition (CSC), found.

  • Dubai Maritime Cluster Office Signs MoU with...

    The Dubai Maritime Cluster Office of the Dubai Maritime City Authority has signed a memorandum of understanding (MoU) with both Germany’s Maritimes Cluster Norddeutschland and Canada’s Vancouver International Maritime Cluster.

Legal & Regulations

  • IMO activities showcased at Bonn climate talks

    IMO has continued its participation at the Bonn climate change talks (COP 23) in a range of side- and special events, following its report on progress to the Subsidiary Body for Scientific and Technical Advice (SBSTA 47).

  • Shipping needs to be cyber prepared

    Following the widespread impact and disruption caused by the WannaCry and NotPetya attacks earlier this year, a spate of incidents in recent weeks has highlighted the evolving threat to not only shipping companies, but other parts of the supply chain, says Ince & Co.

  • Emirates Maritime Arbitration Centre hosted the sixth session of its Breakfast

    As part of proceedings, event attendees were presented with more information about EMAC, including an overview of the Centre’s structure, support services and the advantages of utilising arbitration and mediation services. Furthermore, the morning session also looked at the numerous benefits the Centre brings to the regions dynamic bunkering sector

Environment

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