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Top News
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Bahri partners with Aventra Group to accelerate digital transformation journey
Bahri, a global leader in logistics and transportation, has signed a strategic partnership with Aventra Group, a digital transformation company specializing in business and technical consulting, to assist its digital transformation journey by further utilizing data to improve its decision-making capabilities.
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Egypt’s Suez Canal records all-time highest daily traffic rate on Saturday
A record of 89 ships carrying a total net tonnage of 5.2 million tons passed through Egypt’s Suez Canal in both directions on Saturday, the highest daily traffic rate in the international waterway’s history, stated Suez Canal Authority (SCA) Chairman Osama Rabie.
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Adani Ports signs MoU with UAE’s AD Ports Group for strategic joint investments in Tanzania
Adani Ports and Special Economic Zone Ltd has entered into Memorandum of Understanding with Abu Dhabi-based AD Ports Group for strategic joint investments in Tanzania. -
Mawani Apply New Regulations for Shipping Agents
Mawani has announced a new set of regulations that will govern the activities of shipping agents in the Saudi maritime sector in accordance with the Commercial Maritime Law, thereby replacing all previous versions, as the new regulations, which will come into effect from August 5, 2022, are a part of the Authority’s efforts to upgrade operations at Saudi ports as per world-class standards of efficiency and quality.
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Egypt’s Suez Canal records highest ever monthly revenue of $704 mln in July
Egypt’s Suez Canal recorded its highest ever monthly revenue in July, reaching $704 million, in addition to the highest monthly transit and highest net tonnage, according to a statement by Suez Canal Authority (SCA) Chairperson Osama Rabie on Tuesday.
Classification
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Bureau Veritas delivers Approval in Principle to HELION fuel cell system, FC-Rack™
This Approval in Principle (AiP) is the result of a close collaboration between HELION and Bureau Veritas, aiming at deploying the safe use of hydrogen as an energy vector for propulsion and shore-to-ship power supply.
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BV and partners explore CCS unit installation on operational ships
French classification society Bureau Veritas (BV) has collaborated with Wah Kwong and Shanghai Qiyao Environmental Technology to conduct a feasibility study on the deployment of carbon capture and storage (CCS) units on existing vessels.
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Wah Kwong, QIYAO and Bureau Veritas launch feasibility study on carbon capture and storage on ships
Bureau Veritas (BV), Wah Kwong, and Shanghai Qiyao Environmental Technology Co. Ltd. (QIYAO ENVIRON TEC) have signed a cooperation agreement to study the feasibility of installing carbon capture and storage (CCS) units on existing ships to meet 2030 CII targets.
Insurance
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The Swedish Club Opens Singapore Office
The Swedish Club is delighted to announce the opening of a new office in Singapore. Following 150 years in business and more than 50 years of international development, this move acknowledges the importance of the growing markets in Asia and the Club’s commitment to serving its members locally.
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Britannia P&I publishes sustainability progress report
Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future.
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North joins Maritime Anti-Corruption Network
North’s membership of the Maritime Anti-Corruption Network emphasises the Club’s commitment to a fairer and more sustainable shipping community.
Oil & Gas
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High oil prices offer Middle East SWFs more capital to...
Higher oil prices are providing fresh capital to the Middle East’s sovereign wealth funds to increase allocations to alternatives, a new study showed.
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Saudi Arabia and UAE supplied 80 percent of Japan’s crude...
Oil imports from Saudi Arabia and the UAE reached nearly 80 percent of the total of Japanese imports in June 2022.
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Nova 1st oil: Wintershall Dea increases production volumes...
It comes on stream at a time where Europe needs every additional barrel it can get. The completion of Nova emphasizes Wintershall Dea’s strength as one of the largest subsea operators on the Norwegian Continental Shelf.
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James Fisher and NMDC Ink Deal to Partner on Marine and...
UK-based James Fisher and Sons plc and Abu Dhabi’s NMDC Group, an engineering, procurement and construction company working in the marine construction and oil and gas industries, have signed a memorandum of understanding to collaborate on projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide.
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Saudi oil exports jump 106% to over $30bln in May
Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT) on Monday.
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ExxonMobil Extends its Run of Successes Off Guyana With Two...
ExxonMobil has reported new successes in its exploration campaign off the coast of Guyana, a previously-undeveloped region which is central to the American oil major's plans.
Ports
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Shanghai port’s July throughput sets record
The port of Shanghai, the world’s busiest container port, may have set a container throughput record for July, its operator Shanghai International Port Group said on Monday on its official WeChat account.
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South Africa’s Ports Authority Explores Investment in Renewables
Transnet National Ports Authority (TNPA) South Africa has issued a request for information for project ideas for the supply of renewable energy at South Africa’s main commercial ports.
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Container Ship Backlog Grows Again at the Port of Savannah
A backup of container ships off one of the U.S. East Coast’s busiest ports has swelled to 40 vessels, reviving a bottleneck that had cleared earlier this year and raising fresh concerns over potential supply-chain disruptions during the critical peak shipping season.
Finance
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NASSCO Awarded Additional $1.4B to Expand Oiler and Sea Base Classes
The U.S. Navy is continuing the build-out of two of its classes of support ships launched in the last decade to support naval operations. The San Diego-based shipbuilder General Dynamics NASSCO is receiving an additional $1.4 billion in U.S. Navy contract modifications for the construction of a sixth Expeditionary Sea Base ship and two additional John Lewis-class fleet oilers. This award comes in addition to $600 million already received to procure long-lead time materials for the same ships.
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Performance Shipping Inc. Optimistic About Sustainable Tanker Charter Rate...
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today reported net income from continuing and discontinued operations of $3.9 million and net income from continuing and discontinued operations attributable to common stockholders of $3.7 million for the second quarter of 2022, compared to a net loss from continuing and discontinued operations and a net loss from continuing and discontinued operations attributable to common stockholders of $2.6 million for the same period in 2021.
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Neptune Energy awards £10m vessel services contract to Sentinel Marine
Neptune Energy today announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.
Shipping
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Tomini Shipping Announces the Delivery of Tomini...
Tomini Shipping, a leading ship-owner, and operator has taken the delivery of Interlink Veracity which has been renamed Tomini Kaimai.
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Shipping firm Maersk, a barometer for global...
AP Moller-Maersk this week predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion.
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Maersk sees weaker demand for shipping containers...
Shipping group Maersk MAERSKb.CO said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports.
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Record TEU Transits Panama Canal on CMA CGM...
A new record was set for the largest container volume to transit the Panama Canal on a single ship when a CMA CGM containership transited the Neopanamax Locks in July. While not the largest containership to make the transit, the CMA CGM Zephyr (156,100 dwt) passed through with only feet to spare while carrying a record 16,285 TEU.
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World’s Largest Containership Floated Out for MSC...
China’s Hudong Zhonghua shipyard has floated out what it is calling the world’s largest containership based on TEU capacity. The vessel, which is being built for MSC, increases capacity versus a similar vessel built for Evergreen and delivered weeks ago as the world’s largest containership.
Legal & Regulations
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Review of IMO Sub-Committee on Implementation of IMO Instruments
The IMO Sub-Committee on Implementation of IMO Instruments held its 8 the session (III 8) remotely from Monday 25 through Friday 29 July, with INTERMANAGER providing a review of the meeting.
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An introduction to the SHIPSALE 22: BIMCO’s vessel sale and purchase agreement
After more than two years of development in consultation with industry experts, the Baltic and International Maritime Council (BIMCO) drafting committee has now released the SHIPSALE 22, BIMCO’s own vessel sale and purchase agreement. The reported goal in introducing this agreement, was to modernise the highly popular and industry leading Norwegian Saleform 2012 (SALEFORM 2012), to make the negotiation process faster and simpler for the parties, to create a standard document that more logically follows the chronology of a vessel sale and purchase transaction, and to take into account the changes in modern practice.
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India exempts passenger ferries from paying port, vessel charges for 6 months
The Indian Government has directed all major ports to exempt all berth hiring and vessel-related charges being currently levied to the Ro-Pax and Passenger Ferries for the next six months with immediate effect.
Environment
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Shipping faces investment obstacles in low-carbon marine fuels
Shipping has been slower than other transportation sectors in identifying a decarbonization approach to help counter climate change.
As airlines vow to switch to sustainable aviation fuel and vehicle makers bet on electrification, shipowners have yet to find low- or zero-emission marine fuels for the decades-long transition to a low-carbon future. -
MOL Starts Joint Study on Ship Fuel with National Institute for Environmental Studies
Mitsui O.S.K. Lines, Ltd. announced the launch of a joint study on ship fuel with Japan’s National Institute for Environmental Studies (NIES; President: Masahide Kimoto, PhD; Location: Tsukuba-City, Ibaraki) (Note 1).
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NYK participates in marine biofuel data collection and analysis project
NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Center for Maritime Decarbonisation (GCMD), a non-profit organization aiming to promote decarbonization of the maritime industry.
Education
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Centre of Excellence in Maritime &...
Centre of Excellence in Maritime & Shipbuilding (CEMS), a skill development initiative by Indian Register of Shipping and Sagarmala – Ministry of Ports, Shipping & Waterways, signed a Memorandum of Understanding (MoU) with Medhavi Skills University (MSU), a UGC, DGT and NSDC recognized Skills University.
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IRClass Academy delivers ISPS code awareness...
IRClass Academy, the training arm of international ship classification society, Indian Register of Shipping (IRS), has provided comprehensive International Ship and Port Facility Security Code (ISPS) training to an array of key stakeholders in Doha, Qatar.
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SMAST & New Bedford High School Partner to...
The new summer internship program introduces students from underrepresented populations to the world of higher education and careers in the marine sciences.
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AASTS collaborates with Abu Dhabi’s Zakher Marine...
Sharjah, UAE, 24 July 2022: Students from the Maritime Transport technology department, of the Arab Academy for Science, Technology and Maritime Transport Sharjah Branch (AASTS), will be trained on-board Zakher Marine fleet, one of the leading maritime services companies across the region based in Abu Dhabi, UAE.
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MARAD invites maritime training facilities to...
Looking to recognize and support community colleges, technical colleges, and maritime training centers that prepare Americans for maritime careers, the U.S. Department of Transportation’s Maritime Administration is inviting them to apply to be designated as Centers of Excellence (CoE).
Women in Maritime
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70th employee is part of the Women in Maritime pledge
It’s a significant milestone for world-leading maritime design and applied technologies company Artemis Technologies as it signs the UK’s Women in Maritime pledge and welcomes a new female engineer as the 70th employee.
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International Maritime Organisation backs Maritime SheEO’s leadership program
Thirty women from maritime administrations across the globe have completed the first ever Leadership Accelerator Programme (LEAP) run byMaritime SheEO, designed to equip women with leadership skills and the confidence to progress in their careers.
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General Women’s Union, AD Ports Group to promote Emirati women’s empowerment strategies
The General Women’s Union has signed a Memorandum of Understanding with AD Ports Group to promote Emirati women’s empowerment strategies in line with the UAE’s development efforts.
Techonology
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Shell Signs On to Test All-Robotic Platform for Subsea Inspection
Uncrewed offshore survey and inspection company Nauticus Robotics has reached an agreement with Shell on a program to develop and mature its systems for inspecting subsea infrastructure. Working with inspection tooling service providers, Shell and Nauticus will work on operational qualification for Nauticus' Aquanaut and Hydronaut autonomous platforms.
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MOL Joins Research JV Using Aerospace Engineering to Reduce Emissions
Mitsui O.S.K. Lines, which has already been actively pursuing wind-assisted propulsion and fluid dynamics for improved performance, will now join a joint research effort for the application of aerospace engineering technologies to improve the performance of wind-powered vessels. One of Japan’s leading shipping companies, MOL is proactively working to use technological developments to reduce GHG emissions from its vessels and achieve group-wide net zero emissions by 2050.
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E-marine PJSC Commissions MakaiLay across Their Fleet
In the last year, Makai Ocean Engineering, Inc, has started commissioning the submarine cable industry’s #1 cable installation software, MakaiLay, on E-marine PJSC’s cable installation and repair vessels.
Dredging
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Whanganui port revitalisation project to file...
Preparations to begin work on Te Pūwaha, the Whanganui port revitalisation, is progressing well, with two of three key consents needed for the project granted.
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Multipurpose “sweeper” vessel joins Port of...
The bed levelling vessel will work in tandem with the Port’s hydrographic survey team and David Allan dredger to provide safe, deep-water access to the port.
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Baker-Polito Administration Announces $3.2...
CHATHAM — Today, the Baker-Polito Administration announced $3.2 million in grants to six dredging projects through the Massachusetts Dredging Program, established to promote the strength and sustainability of the Commonwealth’s coastal harbors through support of saltwater dredging. The Dredging Program awards grants on a competitive basis, with a focus on shovel-ready projects that contribute to the economic vitality, recreational value, public safety, and resilience of coastal harbors. Today’s announcement was made at the Chatham Harbormaster Building in Stage Harbor.
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DEME secures dredging contract for new container...
The new contract was signed with DCT Gdańsk, the operator of the largest container terminal on the Baltic Sea and owned by PSA International, the Polish Development Fund and IFM Global Infrastructure Fund. DEME will work in a consortium with the Polish construction group Budimex.
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Damen set to deliver CSD500 for mining operation
Outfitting is taking place at Damen Dredging Equipment in the Netherlands at this moment. The standard CSD500 will be customised to meet specific operational demands.
LIFESTYLE
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Hamdan bin Zayed visits The national Aquarium to...
Hamdan bin Zayed has visited The national Aquarim and reviewed efforts to rehabilitate marine life in Abu Dhabi through the wildlife rescue programme implemented by Environment Agency Abu Dhabi in collaboration with The national Aquarim.
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Stay cool this summer in Dubai with these marine...
Dubai: With summer in full swing, Dubai’s Department of Economy and Tourism (DET) has highlighted the emirate’s sea-based activities and water sports.
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Gulf Craft’s Majesty 120 set to make its European...
Gulf Craft, one of the world’s leading boat and yacht manufacturers, is set to introduce its Majesty 120 at the upcoming Cannes Yachting Festival 2022 marking the yacht’s debut in the European continent.
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Marathon dhow race seeks to preserve ancient Gulf...
SIR BU NAIR, United Arab Emirates: Under a blazing sun, far from the skyscrapers and SUVs of modern Dubai, hundreds of enthusiasts took to Gulf waters in traditional wooden vessels, keen to preserve an ancient heritage.
OFFSHORE
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Transocean Sees Most Promising Offshore Outlook...
Transocean beat earnings predictions by 25 percent in the second quarter, another sign that the offshore market is heating up after years of contraction and consolidation. The $100-plus price of oil is certainly helping, according to CEO Jeremy Thigpen.
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Yinson enters agreement with bp to reserve FPSO...
Yinson, through its subsidiary Yinson Acacia Ltd, through its subsidiary Yinson Acacia Ltd, has entered into an exclusivity agreement with bp Exploration (Angola) Limited (“bp”), as the operator of the Block 31 Contractor Group (the “Agreement”) for the reservation of FPSO Nganhurra, a floating, production storage and offloading (“FPSO”) vessel for use in bp’s proposed 10 well subsea Palas, Astrea and Juno Oil Fields (“PAJ Project”) based in Block 31, Angola.
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MMA Offshore acquires Subcon
MMA Offshore has completed the acquisition of Subcon International Pty Ltd.
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Subsea 7 and Van Oord consortium awarded contract...
Subsea 7 and Van Oord have announced the award of a substantial1 contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres.
