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Tuesday, March 19, 2024
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United Arab Emirates News

18 Mar 2024

Pressure Builds for Charge on Shipping Sector's CO2 Emissions

© Yellow Boat / Adobe Stock

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for imposing a fee on each tonne of greenhouse gas the industry produces.Support for…

12 Mar 2024

Wärtsilä Delivers Simulator to Sharjah Maritime Academy

Source: Wärtsilä

Wärtsilä has supplied its latest simulator technology to the prestigious Sharjah Maritime Academy located in Khorfakkan, United Arab Emirates.The comprehensive suite of navigation, engineering, communications and Vessel Traffic Services (VTS) simulators includes full mission, part task and classroom trainers for all levels of training and research, as well as modelling and content creation tools to enable the highly skilled maritime faculty team to offer a complete range of services…

12 Mar 2024

Armed Pirates Board Cargo Ship Off Somalia

© Venera / Adobe Stock

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday.The vessel is the latest to be targeted following a resurgence of attacks by Somali pirates in recent months although the maritime security firm, Ambrey, did not specify that it was Somali pirates who boarded the ship.Ambrey said the ship was a Bangladesh-flagged bulk carrier - a type of merchant ship used to transport large amounts of cargo…

12 Mar 2024

First Aid Ship to Gaza Leaves Cyprus Port in Pilot Project

First aid ship to Gaza sets sail (Credit: World Central Kitchen)

A ship transporting almost 200 tons of food to Gaza left a port in Cyprus early on Tuesday in a pilot project to open a new sea route for aid to a population on the brink of famine.The charity ship Open Arms sailed out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein.The 200-mile (320 km) voyage across the eastern Mediterranean to Gaza with a heavy tow barge could take up to 2 days, Cypriot officials have said.The mission, funded mostly by the United Arab Emirates, is organised by U.S.

26 Feb 2024

Ignazio Messina & C Adds Secondhand Containership to Its Fleet

(Photo: Ignazio Messina & C)

Ignazio Messina & C announced it has taken delivery of a secondhand 4,400 TEU containership, now renamed Jolly Clivia.Built in 2010 at the South Korea's Hyundai Samho Heavy Industries, the vessel measures 262 meters in length by 32 meters in width, and was previously owned by a German company.The ship will now set sail from Singapore toward Europe with scheduled calls at Mundra (India), Jebel Ali Dubai (United Arab Emirates), Karachi (Pakistan), and is expected to arrive in Genoa at the end of March.

21 Feb 2024

Fincantieri and EDGE to Launch JV for Naval Vessels Construction


Hamad Al Marar, EDGE’s Managing Director and CEO, and Pierroberto Folgiero, CEO and Managing Director of Fincantieri (Credit: Fincantieri)

EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders…

20 Feb 2024

Indonesia to Offer More Energy Blocks in North Sumatra

Source: Mubadala Energy

Indonesia is looking to offer more oil and gas blocks in North Sumatra basin this year following a major discovery by Mubadala Energy in a bid to accelerate gas production, a senior energy ministry official said on Tuesday.The energy ministry is currently reviewing potential energy blocks for auction this year, director general for oil and gas Tutuka Ariadji told reporters."North Sumatra basin is one of the potential area for further exploration after a major discovery recently in Layaran-1 by Mubadala Energy," Tutuka said.United Arab Emirates' Mubadala said in December it had discovered a maj

19 Feb 2024

Jumbo Offshore Appoints Middle East Partner as it Eyes Regional Expansion

Dutch heavy lift shipping and offshore transport and installation contractor Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region.Sea Horizon Offshore, with its broad network of local partners, will represent Jumbo Offshore to potential clients in the United Arab Emirates (UAE), Qatar, and Saudi Arabia.Its scope will also include commercial representation, supporting…

18 Feb 2024

UK-Registered Ship Reported Under Attack in Bab al-Mandab Strait

A UK-registered cargo ship reported being under attack in the Bab al-Mandab Strait off Yemen on Sunday, said British maritime security firm Ambrey, while UK Maritime Trade Operations agency reported crew abandoning a ship off Yemen after an explosion.Ambrey said on Sunday that a Belize-flagged, UK-registered and Lebanese-operated open hatch general cargo ship had reported being under attack in Bab al-Mandab Strait.The ship was heading north during its journey from Khor Fakkan in the United Arab Emirates to Varna…

01 Feb 2024

Russian Oil Flows Through Red Sea Face Lower Risks

© Carabay / Adobe Stock

Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data.Russia has become more dependent on trade through the Suez Canal and the Red Sea since it invaded Ukraine, which led to Europe imposing sanctions on Russian imports and forced Moscow to export most of its crude to China and India. Before the war, Russia exported…

30 Jan 2024

New Dive Support Vessel Delivered to ADNOC

(Photo: Robert Allan Ltd.)

The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and built by Grandweld Shipyards in Dubai for local diving operations in the UAE.ADNOC MD 01 and its to-be-delivered sister vessel were designed and constructed to the following notation: BUREAU VERITAS 1 ✠ HULL • MACH, SPECIAL SERVICE, FAST DIVING SUPPORT…

30 Jan 2024

Carnival Warns of Hit to 2024 Earnings After Rerouting of Red Sea Itineraries

© icholakov / Adobe Stock

Carnival said on Tuesday that its annual earnings would take a hit as the cruise operator reroutes its ships that were due to pass through the Red Sea, a key transit route linking Asia and Europe.A growing list of companies have rerouted vessels as the Houthis, a Yemeni militant group, steps up attacks on Israeli ships or ships heading towards Israel, in solidarity with the Palestinians.The rerouting by Carnival is expected to have an impact of 7 cents to 8 cents on its adjusted earnings per share for full-year 2024, with the majority of the impact coming in the second quarter.

26 Jan 2024

Carnival Flags Impact to Operations Amid Red Sea Tensions

© icholakov / Adobe Stock

Cruise operator Carnival on Friday joined the growing list of companies flagging a potential hit to their operations following attacks on ships in the Red Sea by the Iran-backed Houthis."We believe that the instability in the Red Sea region currently impacting shipping could have an impact on our results of operations," Carnival said in a regulatory filing.The company's U.S.-listed shares fell nearly 2% in morning trade.The attacks, which the Houthis say are in support of Palestinians in Gaza…

16 Jan 2024

Another Ship Hit in the Red Sea

© ID1974 / Adobe Stock

Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods, an executive from port and freight operator DP World said on Tuesday as a missile struck another vessel in the region.The Iran-allied Houthi militia has threatened to expand its attacks to include U.S. ships in response to American and British strikes on its sites in Yemen.Attacks by the Houthis on ships in the region since November have impacted companies and alarmed major powers - an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.

11 Jan 2024

Shipping Attacks Push US and Allies to Mideast Crunch Point

© Vladimir Bartel / Adobe Stock

When the United States and 11 allies published a joint statement last week calling for an end to Houthi attacks from Yemen on Red Sea shipping, they hoped the implicit threat of force might at least reduce the intensity of fire on foreign vessels.Instead, Wednesday saw the largest single attack yet on foreign vessels, according to Western defence officials, launched seven days after the joint statement. It appeared a clear attempt to call the West's bluff, just as other tensions across the Middle East appear to be on the rise.In Iraq and Syria, U.S.

10 Jan 2024

Surging VLCC Rates Impact US Crude Oil Shipments to Asia

© Andriy Sharpilo / Adobe Stock

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week.With the arbitrage for U.S. shipments closed, Asian refiners may make up some of the difference with similar Middle Eastern crude oil after top regional producer Saudi Arabia cut their sales prices for February, which is expected to carry over to other regional crudes. The spur…

28 Dec 2023

US Allies Reluctant on Red Sea Task Force

The Arleigh Burke-class guided-missile destroyer USS Laboon (DDG 58) prepares to depart Rota, Spain, December 11, 2023. Laboon is on a scheduled deployment in the U.S. Naval Forces Europe area of operations, employed by the U.S. 6th Fleet to defend U.S., Allied and partner interests. (Photo: Alice Husted / U.S. Navy)

U.S. President Joe Biden hoped to present a firm international response to Yemen's Houthi attacks on Red Sea shipping by launching a new maritime force, but a week after its launch many allies don't want to be associated with it, publicly, or at all.Two of America's European allies who were listed as contributors to Operation Prosperity Guardian - Italy and Spain - issued statements appearing to distance themselves from the maritime force.The Pentagon says the force is a defensive…

20 Dec 2023

Russia Oil Price Cap Coalition Toughens Shipping Rules

© AUUSanAKUL+ / Adobe Stock

The U.S.-led coalition imposing a price cap on seaborne Russian oil announced changes on Wednesday to its compliance regime the Treasury Department said will make it harder for Russian exporters to bypass the cap.The Treasury also imposed fresh sanctions on a ship manager owned by the Russian government and three oil traders involved in Russian oil trade.The Group of Seven (G7) industrialized countries last year imposed a price cap of $60 per barrel on Russian oil shipments in…

19 Dec 2023

Attacks on Ships in Red Sea Must Stop, White House Says

© Robert Peak / Adobe Stock

Attacks by Iran-backed Yemeni militants in the Red Sea must stop and the U.S. and its partners will continue to protect ships from being targeted, White House national security spokesperson John Kirby said on Tuesday.The Houthi militant group, which controls vast amounts of territory in Yemen after years of war, has since last month fired drones and missiles at international vessels sailing through the Red Sea, attacks it says respond to Israel's assault on the Gaza Strip."Attacks on ships in the Red Sea have to stop…

19 Dec 2023

Shippers Mask Positions, Weigh Options Amid Red Sea Attacks

© Image'in / Adobe Stock

A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.Attacks in recent days on ships in the major Red Sea shipping route have raised the spectre of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led international force to patrol waters near Yemen.The Red Sea is linked to the Mediterranean by the Suez Canal…

12 Dec 2023

US Issues Sweeping Sanctions Targeting Russia Over Ukraine War

© Alexey Bakharev / Adobe Stock

The United States on Tuesday imposed sanctions on hundreds of people and entities, including in China, Turkey and the United Arab Emirates, as it targets Russia's sanctions evasion, future energy capabilities, banks and its metals and mining sector.The U.S. Treasury and State departments targeted more than 250 individuals and entities in Washington's latest action attempting to crack down on Russia and its evasion of sanctions imposed by the U.S. and its allies over the war in…

03 Dec 2023

AD Ports Group and Vietnam Maritime Administration Sign MoU

Source: AD Ports

AD Ports Group and the Vietnam Maritime Administration (VINAMARINE), have signed a memorandum of understanding (MoU) to bolster commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones, maritime and shipping.Under the terms of the agreement, both entities will focus on key areas of cooperation, including the development and management of dry ports and inland container depots in addition to advanced logistics operations and digital solutions to enhance global maritime and shipping sectors.

30 Nov 2023

Philippine President Skips COP28, Focuses on Seafarers

Philippine President Ferdinand R. Marcos Jr. (still from Facebook video message)

Philippine President Ferdinand R. Marcos Jr. has skipped COP28 in Dubai to personally address “important developments” in the hostage situation involving 17 Filipino seafarers.He is convening a meeting to facilitate the dispatch of a high-level delegation to Tehran, Iran, with the aim of providing necessary assistance to the seafarers.Marcos has assured the Filipino people that the government is doing all it can to ensure the safety of the 17 Filipino seafarers taken hostage by Houthi rebels in Yemen.Yemeni rebels seized the cargo vessel Galaxy Leader and took hostage its 25 crewmembers…

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