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AD Ports Group has signed a shareholder agreement between the digital arm MAQTA Gateway. And also Aqaba Development Corporation (ADC) to establish a joint venture with MAQTA AYLA. To establish a port community system, “PCS.” At Aqaba port. Maqta Gateway controls 51% of Maqta Ayla, and ADC holds the remaining 49% of him. Joint Venture will […]
The kick-off meeting for the BlueBARGE project, which focuses on the blue bunkering of moored ships. Using renewable electricity was held in Athens, Greece. The main objective of the project is to design and also develop. A power barge to support the power supply to moored and berthed vessels. The BlueBARGE initiative, is coordinated by
The BlueBARGE Project Kicks Off To Aid In The Electricity Supply To Ships Read More »
Chinese state-owned offshore oil and gas exploration and production company CNOOC. Has started production at the underwater 36-1/Luda 5-2 discovery site in Liaodong Bay, Bohai Sea. The main facility includes two new central processing platforms. And two new wellhead platforms located at approximately 30 meters of water depth. According to CNOOC, 118 development wells are
CNOOC’s Oil Field in Bohai Sea Starts Production Read More »
The North Sea Transition Authority (NSTA) has awarded 24 licenses to 17 companies. Including Shell, Equinor, BP, Total Energies, and also NEO. In the second tranche of the UK’s 33rd oil and also gas licensing round. On January 31, 2024, NSTA made an offer covering 74 blocks and also sub-blocks in the central North Sea.
UK Offers 24 More North Sea Oil and Gas Licenses Read More »
Indian Troops: Stepping up his anti-India rhetoric, Maldives President Mohamed Muizzu has confirmed that no Indian military personnel, not even those in civilian clothing, would be present in his country. After May 10, a media statement was made today. President Muizzu’s statement comes less than a week after an Indian civilian team advanced to the
Maldives Says Indian Troops Will Not Remain “Even In Civilian Clothing” Read More »
Baobab trees are among the exceptional flora that can be found in Madagascar. A huge country famous for its natural beauty. This country receives relatively occasional tourists despite its links with some of the most visited nations on earth. Madagascar, known officially as the Republic of Madagascar. Is an island nation off the African east coast opposite
Sea Limited (NYSE: SE) reported its financial results for Q4 and 2023, achieving its first annual profit since its IPO. The company strengthened its market leadership in e-commerce, expanded digital financial services, and stabilized digital entertainment. Its cash position increased to $8.5 billion, with positive expectations for 2024. Shopee gained market share, SeaMoney saw its
Sea Limited Reports Fourth Quarter and Full Year 2023 Results Read More »
AMSA has published a Maritime Notice providing guidance to vessel operators. In developing response plans for firefighting operations using battery electric vehicles (BEVs). The issue of lithium-ion battery fires received widespread attention in 2023. Prompting the industry to take steps to address and contain this phenomenon. In light of the summer accident, decarbonization and electrification.
Firefighting and Battery-Powered Electric Vehicles: What to consider Read More »
“Within one year, all ships covered by the Ballast Water Convention will need to be equipped with an approved ballast water treatment system,” Gard P&I Club experts emphasize. From September 8, 2024, all ships covered by the BWM Convention (all ships over 400 GT, with some exceptions and also additions) will be required to comply with
Gard Club: Ballast Water Management Regulations are Tightening Read More »
“Eureka! (I found it)”.Archimedes cried as he sank into the bathtub. But did you know that the discovery behind this Eureka is the reason why ships float? Principle of Buoyancy If you are Archimedes, and you casually Imagine you are taking a bath. And as your body sinks, “the upward buoyant force on an object