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  • IMC Golden Shield Excellence Awards 2023 UK Chapter honors Top Insurance & Marine Professionals...

    Biz Events Management, in association with the International Maritime Club (IMC), organized the third edition of IMC Golden Shield Excellence Awards 2023 at The Insurance Hall, London, on 13 September 2023.  The award ceremony was organized to recognize organizations/individuals whose outstanding career achievements in the Marine, Energy, Cargo, Oil and gas, and Offshore fields have earned them national or international prominence. Sir Sohan Roy, President International Maritime Club, Fonder Chairman & CEO, Aries Group presented the awards.

     

  • SIR SOHAN ROY SCREENS MOVIE IN LONDON FOR MARINERS & MOVIE ENTHUSIASTS ALONG WITH LONDON...

    Forbes listed filmmaker Sir Sohan Roy screened his highly anticipated movie DAM999 in London as part of his global journey to promote "Peace through Happiness". Red carpet screening was organized aptly along with London Shipping Week events, as the movie is produced for the Maritime fraternity. This Glittering event was well attended by key personalities & decision makers from the Shipping Industry of London. Attendees experienced the rollercoaster of emotions and a powerful narrative that left a lasting impression on them.

     

  • Rolls-Royce supplies mtu engines for new fast ferries in Abu Dhabi

    Rolls-Royce has received an order from Penguin Shipyard International Pte Ltd, a wholly owned subsidiary of Singapore-based shipbuilder and shipowner Penguin International Limited, to supply eight mtu Series 4000 engines for two new aluminium RoPax fast ferries. The vessels are being built at Penguin’s Batam shipyard for the port and ship operator Abu Dhabi Ports Group from the United Arab Emirates. Designed by Incat Crowther UK for construction by Penguin, the 56-metre-long, roll-on roll-off vessels will in late 2024 replace existing ferries that are plying between the UAE mainland and Delma Island, located some 42 kilometres offshore. With the four 16-cylinder mtu Series 4000 engines per vessel delivering together more than 10,000 kilowatts (about 14,000 hp) of power, the aluminum ferries are expected to run at speeds of well above 30 knots, significantly reducing travel time for up to 250 passengers and 25 cars per trip.  

     

  • Ships double banking is strictly prohibited for all types of ships in UAE waters including the...

    DP World signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast. 
     

  • Prohibition of double banking without permit

    Ships double banking is strictly prohibited for all types of ships in UAE waters including the exclusive economic zones without the permission from the local port authorities or the Federal Maritime Administration (FMA).

Classification

Insurance

Oil & Gas

  • ADNOC to Launch First High-Speed Hydrogen Refueling Station...

    ADNOC announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity. 

  • Yinson to Acquire Atlanta FPSO, Activating 15-year Charter...

    Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company.

     

  • Petrobras Partners with SLB to Drive Efficiency and...

    SLB, previously known as Schlumberger, said Thursday it had won a five-year contract with the Brazilian oil company Petrobras for an enterprise-wide deployment of its Delfi digital platform. 

     

  • ADNOC, John Cockerill Hydrogen, and Strata Manufacturing to...

    The Ministry of Industry and Advanced Technology (MoIAT) announced today at the “Make it in the Emirates” Forum in Abu Dhabi that is has supported a strategic collaboration agreement between ADNOC, John Cockerill Hydrogen and Strata Manufacturing, aiming to manufacture electrolysers in the UAE for local use and for export.

     

  • Oil prices slide 5% amid skepticism the debt-ceiling deal...

    Oil prices tumbled Tuesday as worries about demand accelerated on concerns that a weekend deal to raise the $31 trillion US debt ceiling will be derailed

  • Jordan’s oil bill down 0.4% in Q1 2023

    Jordan’s oil bill went down 0.4 per cent in the first three months of 2023, compared with the same period of 2022, the Department of Statistics (DoS) said on Sunday

Ports

  • Divergent Results for SoCal Ports as They Look to Rebuild Volumes

    Southern California’s two primary ports reported divergent results for June while remaining optimistic that with a resilient economy and tentative longshore labor agreement, they will begin to build back their volumes. The Port of Los Angeles highlighted that it continued on an upward trend for four consecutive months while the neighboring Port of Long Beach said trade was cooling and its volumes stalled. 

     

  • PCT welcomes OOCL PIRAEUS, one of the largest container vessels in the world

    PCT (Piraeus Container Terminal), in a landmark moment in its history, welcomes one of the largest container vessels worldwide (mega container vessels), on its maiden voyage. OOCL PIRAEUS – owned by Orient Overseas Container Line Europe, a subsidiary of COSCO S HIPPING Group – received its name in recognition of the important role played by Piraeus container terminal as a hub for international freight transport.

     

  • Alexandria Container posts 152.1% YoY profit growth in 9 months: Egypt

    Alexandria Container and Cargo Handling Company (ALCN) has reported a 152.1% year-on-year (YoY) increase in net profit after tax during the period from July 1st 2022 until March 31st 2023, according to the financial indicators filed to the Egyptian Exchange (EGX) on May 28th

Finance

Shipping

  • VIKING wins huge Hellenic Coastguard patrol boat...

    VIKING Norsafe Life-saving Equipment HELLAS has secured orders from Greece’s Ministry of Shipping & Island Policy to deliver 31 patrol boats and three high-speed boats to the Hellenic Coast Guard. The orders, covered in three separate contracts with the VIKING Life-saving Equipment subsidiary, are part of an EU-backed Hellenic Coast Guard procurement program which was initiated four years ago.

     

  • Japan’s First Dual-Fuel LNG Bunker Ship Launched...

    Japan marked the launch of its first dual-fuel LNG bunkering vessel which is being built as part of an effort to develop the country’s supply chain and bunkering capabilities. The vessel will be the first to operate specifically in western Japan both to bunker ocean-going vessels and for the coastal transport of LNG.

     

  • ClassNK issues approval in principle (AiP) for...

    ClassNK has issued an Approval in Principle (AiP) for an ammonia and liquefied CO2 (LCO2) carrier which has been jointly developed by Mitsubishi Shipbuilding Co., Ltd. and Nippon Yusen Kabushiki Kaisha (NYK Line).
     

  • Diverse panel to scrutinise key shipping industry...

    Diversity will be a core factor of this year’s London International Shipping Week Headline Conference when a healthy balance of global leaders come together to debate crucial industry issues at the London headquarters of the International Maritime Organization on September 13th

  • Shippers forming ‘green corridors’ to fast-track...

    It’s among the world’s busiest container shipping routes — a stream of vessels packed with furniture, automobiles, clothing and other goods, traversing the Pacific between Los Angeles and Shanghai. If plans succeed, this corridor will become a showcase for slashing planet-warming carbon emissions from the shipping industry, which produces nearly 3% of the world’s total. That’s less than from cars, trucks, rail or aviation but still a lot — and it’s rising.

Legal & Regulations

  • WFW advises CSSC regarding two luxury RoPax ferries

    Watson Farley & Williams (“WFW”) has advised CSSC (Hong Kong) Shipping Company Limited (“CSSC”) regarding two luxury roll-on/roll-off passenger (“RoPax”) ferries, the Moby Fantasy and Moby Legacy, with Italian operator Moby S.p.A. (“Moby”). The vessels were built by China’s Guangzhou Shipyard International and are currently the world’s largest luxury RoPax ships. Moby Fantasy was delivered in early May 2023 and Moby Legacy will be delivered in late 2023.

     

  • CPC adopts new regulations on tanker loadings in its marine terminal

    Caspian Pipeline Consortium (CPC) said it has adopted new regulations allowing it to reduce the loading speeds of oil tankers in its marine terminal at times of changing weather conditions to minimize air pollution.

     

  • The cybersecurity implications of IMO 2023

    In 2011 the International Maritime Organization (IMO) established rules for new-build vessels to reduce the amount of CO2 generated from shipping called the Energy Efficiency Design Index (EEDI).  In 2023, new IMO regulations created the Energy Efficiency Existing Ship Index (EEXI) to assess efficiency of existing vessels.  In addition to the IMO regulations, in 2021 the European Commission (EC) adopted a set of proposals called Fit for 55 with the aim of reducing net greenhouse gas emissions by at least 55% by the year 2030.  IMO 2023 and Fit for 55 are aimed at reducing greenhouse gas emissions from the shipping industry through increasing the efficiency of vessels.  While these regulations are essential for environmental sustainability, they will also have significant impacts on Operational Technology (OT) cybersecurity in the Maritime industry.

Environment

Education

  • MPL signs maritime education agreement with...

    The Maldives Ports Limited (MPL) and the Netherlands Maritime University College (NMUC) have signed an agreement to enhance maritime education.
     

  • Sharjah Ruler issues a law regulating Sharjah...

    H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Law No. (2) of 2023 AD regarding the organisation of the Arab Academy for Science, Technology, and Maritime Transport in Sharjah.
    According to the Law, the name "Arab Academy for Science, Technology and Maritime Transport in Sharjah", wherever it appears in legislation and all administrative, financial, legal and other transactions, shall be replaced with the following name: "Sharjah Maritime Academy".

  • UNE’s first Marine Affairs/Maine Law student is...

    Isabella Dube (Marine Affairs, ’24) has always had a passion for the sea. Growing up in Saco, on the banks of the city’s namesake river in a community anchored by the fishing industry, it was only natural she would build a career around the deep blue expanse. And, as a lover of true crime, she knew she was destined to become a lawyer.

  • MOU between Leela ship recycling yard in Alang...

    “Leela Ship Recycling Pvt. Ltd., a subsidiary of Leela Worldwide and Sir Bhavsinhji Polytechnic Institute signed a Memorandum of Understanding (MOU) to advance Ship Recycling and Maritime Education.

  • Effedua extols NIMASA, Min.of Transportation for...

    The Rector, Maritime Academy of Nigeria ( MAN), Commodore Duja Emmanuel Effedua (Rtd) has express his appreciation  to the Federal Ministry of Transportation and the Nigerian Maritime Administration and Safety Agency (NIMASA) for their support toward the transformation of the  Academy  to a world-class maritime education and training institution.

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