Expert's View

  • Why isn’t the oil market recovering faster?

    As one of the most sensitive commodities to global change, the current state of black gold remains a mystery to scholars. A gradual build-up of factors including monopolies, natural disasters, supply and demand, credit bubbles, market cycles, global warming and last but not least geopolitics have all come to bear on oil prices. These combined dynamics are far more complex than they in previous recessions.

  • A new era of green shipping to be underway

    Originally, the cheapest available materials were used on land and at sea, viz. asbestos to make fire retardant clothes, insulation and packing materials, PCBs, TBT, TBTO, TET in paints and CFC gases in refrigeration systems, without assessing the harm they caused to humans or to the environment.

  • Is it time to realign class and flags?

    Omar Abu Omar, President for Gulf Navigation Maritime and Operation in the UAE, believes it may be time to fundamentally review the role of class for flag states. For example, in the currently depressed shipping market there is “huge competition among class societies on prices,” says Abu Omar “to the extent that some services are being offered virtually for free.”

  • Automation in the marine and oil and gas industry

    Is it time to call it a new world order when it comes to automation and robotic use in the marine and oil and gas industry? For many years we saw how movies painted a picture of an automated world with robots and human-less services.


    by Roberto Cazzulo, RINA

    Ships will be required to carry on-board an approved “Ballast water management plan” and a “Ballast water record book”. Ships ≥ 400GT will have also to carry on board an “International Ballast Water Management Certificate” issued for a period not exceeding five years and subject to annual, intermediate and renewal surveys.

  • Why oil price volatility persists and is here to...

    by Arvind Ahuja

    2016 was a challenging year, with tight financial markets with low liquidity, restricted cash flows limiting investments in new projects and expansions, a high number of payment defaults, low crude prices hurting the oil and gas industry, removal of subsidies and introduction of taxes or higher interest rates by the oil exporting countries.

    For the maritime industry, with its overcapacity choking the freight rates, bulk carriers and dry cargo fleets were the worst hit with Hanjin’s failure highlighting the severity of the crisis.


Shipping industry to witness key trends in 2030

Given the fast pace of technological development, it is not truly possible to forecast the future in detail, even for as little as 10 years. However, we can confidently make predictions that are extrapolated from the trends we see developing today. The shipping industry will be transformed by increased automation, data, connectivity and improved analytics capabilities, as well as digital alternatives to commercial transactions.


Marine Industry Associations... scope and benefits

Scope of marine industry associations‭, ‬national or international‭, ‬is to bring together different professionals‭, ‬companies and maritime authorities‭, ‬who share the same industry and clients‭. ‬This association benefits in terms of knowledge‭, ‬information‭, ‬intelligence‭, ‬education and simple human relationship‭, ‬as typical in the nautical environment‭.‬


Do the UAE and Norway have common trend in developing the maritime industry?

Norway can be truly called world maritime legend‭. ‬The country with 0,1%‭ ‬of global population has the second largest offshore fleet in the world‭, ‬mostly built on national shipyards‭. ‬Do the UAE and Norway have common trend in developing the industry‭? ‬If so‭, ‬let’s see what are the components of success for Norwegian shipbuilders which have driven them so far‭. ‬


Is the maritime market recovering?

Is the market recovering‭? ‬We have all been looking forward to the answer‭, ‬yet no one seems to be sure‭. ‬Despite the clear signs of recovery such as new tenders‭, ‬drilling rigs utilization and other signs‭, ‬it seems that the low prices are here to stay and finding new ways to do business at low cost while maintaining quality became a mandatory task to all industry professionals‭. ‬


يا خبراء الملاحة العرب.. اتحدوا!

تمثل البحار والمحيطات والأعمال المرتبطة بها دعامة رئيسة للاقتصاد الدولي والإقليمي؛ حيث يتم نقل أكثر من 80% من التجارة العالمية بحراً وكما أن هذه البحار والمحيطات متصلة فيما بينها، فكذلك الاقتصاد الملاحي والبحري يتسم بالتشابك والعلاقات القوية التي تؤثر على الاقتصاد ككل وعلى مستوى العالم. فعلى سبيل المثال، تنخفض موارد قناة السويس عندما يحدث تباطؤ في الاقتصاد الصيني، أو عندما تضعف القدرة الشرائية للدول الأوروبية وترتفع أسعار التأمين وشحن البضائع عندما تزداد الاضطرابات الأمنية في المضائق البحرية الاستراتيجية وأحداث القرصنة التي تتعرض لها السفن مقابل السواحل الصومالية. وهكذا تتشابك العوامل التي تؤثر على الاقتصاد الملاحي، ما يستدعي قدراً كبيراً من الخبرة والمعرفة من أجل التعامل معها واتخاذ القرار المناسب وفي الوقت المناسب تجاه تقلباتها.