Iran and France have reached a final agreement on setting up Iran’s first floating production of LNG from Forouzan oilfield in the Persian Gulf, National Iranian Oil Company (NIOC) announced. “Final negotiations have been held between two Iranian companies and a reputable French company in order to
Global marine terminal operator DP World has ordered automation and remote control solutions for its flagship Jebel Ali port in Dubai, UAE, from Swiss power and automation technology group ABB. The technology will be added to DP World’s new Terminal 4, which is expected to add a capacity of 3.1 mill
Poor Judgement Led to Collision in Jebel Ali, Report Says A number of safety measures were disregarded resulting in a collision on February 11 2015 between the UK registered containership Ever Smart and the Marshall Islands r… Read More Maersk Saigon Runs Aground at Brazilian Port The 108180 DWT con
Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. But performance will v
Port operator Abu Dhabi Ports is set to officially open the new state-of-the-art cruise terminal at Zayed Port in December. The preparations for the cruise terminal opening are in full swing in coordination with the Abu Dhabi Ports’ strategic partners such as Etihad Airways, Tourism and Culture Auth
The global shipping industry organizations are calling for shipping to be brought back in the latest draft text, issued days before talks were due to end at COP21 climate talks in Paris, by United Nations Framework Convention on Climate Change (UNFCCC). Shipping, together with aviation, had been inc
Middle Point, Dutch recruitment & contracting specialist for the maritime and offshore industry, has secured a deal to supply contract personnel to Qatar Petroleum for the Bul Hanine offshore redevelopment project. Located 120 km from Qatar’s east coast, the USD 11 billion Bul Hanine redevelopment p
A number of safety measures were disregarded resulting in a collision on February 11, 2015, between the UK registered containership Ever Smart and the Marshall Islands registered tanker Alexandra 1, in Jebel Ali, UAE, according to a report released by UK Marine Accident Investigation Branch. In part
The global shipping and aviation industries have been left out from the draft Paris climate agreement published on Wednesday afternoon. The two sectors account for 5 percent of the global emissions and their exclusion from the deal might compromise the 2 degree C target. The two sectors have been in
Did you know that a gold bar found off the coast of South Carolina was sold for a record breaking USD 7.5 million? Maybe today’s article on the bountiful seas that hold as many as three million shipwrecks scattered across the ocean floor will give you a better picture of some of the greatest shipwre
Khalifa Port Container Terminal is ready for the next phase of expansion and will add new equipment in 2016 and 2017 to keep up with demand for services, Port operator, Abu Dhabi Terminals said. The new equipment will include three additional Ship-to-Shore (STS) gantry cranes and 10 Automated Rail M
The LNG shipping market has been faced with lower rates amid growing LNG carrier fleet, a drop in liquid fuel prices and a lower demand for LNG in Asian markets. On the other hand, lower shipping rates are good news for sellers and end users of LNG, which is becoming ever more popular as an alternat
Singapore-based Vallianz Holdings Limited, provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won a time charter contract valued at up to USD 98 million to supply four offshore support vessels (OSV). The contract was awarded to Vallianz by a nationa
A total of five Yemeni ports, namely Salif, Hodeidah, Mokha, Aden and Mukalla, are now open while three still remain closed due to the continuation of armed conflict between Houthi rebels and Saudi-led Coalition forces, Gulf Agency Company reports. Most major ports in Yemen have resumed normal opera
