Saudi Arabia News

Watson Farley & Williams (“WFW”) advised Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Leasing”) on a leasing transaction for three liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Korean and Chinese shipyards Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs&rd...

The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping (‘the Roadmap’), a comprehensive document outlining a decarbonisation strategy for the region. The report urges Nordic ministers to take immediate action to support the industry in achieving its goals by closing the cost gap associated with the fuel transition. Its findings and recommendations were officially presented to Nordic ministers at a High-Level Conference on Green Shipping in the Nordic...

HullWiper’s sustainable hull cleaning solution is coming to Singapore. The company has signed a lease agreement with Unidive Subsea to bring its eco-friendly Remotely Operated Vehicle (ROV) hull cleaning technology to PSA terminals, Seatrium Yards and Singapore’s inner anchorages. Plans are also in place to expand services to FPSOs, FSOs and semi-submersibles under contracts with regional oil and gas companies. Net-zero emissions by 2050 HullWiper’s sustainable hull cleaning...

ABS has introduced new Rules for Building and Classing Offshore Units (Offshore Rules) that bring multiple rule sets into a single, unified document with risk-based approaches for verifying new technologies along with easier navigation to support clients. The forward-looking initiative is part of a multi-year collaboration with industry, shipyards, owners, equipment manufacturers, designers and regulators to support the fast-moving technology advancements and innovations driven by digitali...

Indian Register of Shipping (IRS) and Cochin Shipyard Ltd (CSL) have entered into an umbrella agreement aimed at developing indigenous technologies and enhancing the capabilities of both organisations. As part of this initiative, IRS and CSL have signed a separate cooperation agreement for the development and certification of an autonomous vessel named ‘SWAYAT,’ which is being constructed at CSL as a fully indigenous pilot project. IRS Guidelines on Cyber Safety Key technology par...

Augmented reality (AR) is making waves across various industries, and maritime is no exception. For maritime professionals, AR offers practical, real-time solutions that enhance safety, optimise operations, and improve decision-making both at sea and onshore. Whether it’s helping crews navigate complex environments, assisting in ship maintenance, or providing on-the-job training, AR’s ability to blend digital information with the physical world is proving invaluable in the fast-pac...

Pioneering wind-propulsion technology provider Anemoi Marine Technologies Ltd. (“Anemoi”) and U-Ming Marine Transport Ltd.’s (“U-Ming”) have signed an agreement to install four Rotor Sails on one of U-Ming’s 325,000 DWT Very Large Ore Carriers (VLOC). The installation work is expected to be completed at the end of 2025, with fuel and emission savings of approximately 10-12% anticipated on deep-sea routes between China and Brazil, South Africa, and Australia....

Anthony Veder, a gas shipping company, has strengthened its partnership with NAPA, a global provider of maritime software and data services, to expand the use of electronic logbook solutions and ease regulatory reporting.   The joint project between the two companies introduces the functionality of voyage reporting, helping Anthony Veder streamline onboard data collection and fulfill increasingly complex environmental regulatory requirements. Thus, the project contributes to...

On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonisation goals. As they review the clause and engage in discussions with their customers, it’s clear there are still some gaps to be filled, before they reach total cohesion.  Clauses for FuelEU Maritime With its additional layers of complexity, drafting clauses for FuelEU Maritime presents an e...

SIMEST, CDP Group's company for the internationalisation of companies, and Fincantieri, a world pioneer in high-complexity shipbuilding signed a memorandum of understanding aimed at promoting new investments, and greater competitiveness, including internationally, and market growth for companies in the shipbuilding supply chain. The agreement was signed by Pierroberto Folgiero, Chief Executive Officer and General Manager of Fincantieri, and Regina Corradini D’Arienzo, Chief Executive Offi...

Ocean Network Express (“ONE”) is pleased to announce the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia. NPCT1 is an important terminal serving mature gateway markets in Southeast Asia. Built in 2016, it has an annual capacity of 1.5 million TEU and can accommodate advanced mega containerships with its deep drafts and modern equipment. ONE’s continued commitment Jakarta is ONE’s thi...

Complex shipbuilding projects demand efficient system integration and commissioning from suppliers to meet tight construction schedules. Vard Electro has demonstrated its proven competence in this area with a debut delivery for the Ulstein Verft shipyard of integrated SeaQ Communication solutions for two advanced newbuild CSOVs now delivered by the Norwegian yard for Olympic. Diverse SeaQ systems “The ability to see the bigger picture of such a system delivery is essential to overcome p...

Global marine energy supplier, Peninsula, has announced the expansion of its physical supply network into the Houston market and surrounding areas. Peninsula’s re-entry will be led by Houston-based Mike Parrent who joins Peninsula as Physical Desk Manager, and Elisha Frank as Operations Executive.  Peninsula’s hybrid business model Both Mike and Elisha bring deep experience and are well-known to global customers for their knowledge and service delivery. Full operations will c...

PPG has announced its 50th order for the electrostatic application of marine fouling control coatings. The project will be carried out on the VLCC SIDR, a 336-metre oil tanker operated by Bahri Ship Management at the Asyad Drydock Company shipyard in Oman, using PPG NEXEON™ 810 antifouling coating on the hull.  Electrostatic coating applications Leveraging decades of experience in the aerospace and automotive industries, PPG introduced electrostatic coating applications to the ship...

ClassNK has granted its Innovation Endorsement for Products & Solutions to the ROV training simulator ‘FF Virtual’ developed by FINDi Co., Ltd. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative functions. The detailed information is availab...

Mr. Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry, graced OSEA 2024 in Singapore on Tuesday, November 19. The three-day tradeshow welcomed more than 500 exhibitors and 15,000+ attendees from 100 countries, providing a comprehensive look at solutions and strategies driving the energy transition in the marine and offshore industries. Net-zero emissions by 2050 Tan announced a new SGD USD 100 million support package for ma...

SAE is pleased to announce it has received the penultimate milestone payment of £1.5 million under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of £9.8 million. BESS project development The land is being used for a 460MWh (230 MW) BESS being constructed by Uskmouth Energy Storag...

Cattewater Harbour, Plymouth has enjoyed a bumper year of visiting vessels, playing host to a diverse range from historic ships to luxurious superyachts and new and returning cruise lines. Tens of thousands of visitors have disembarked at the Barbican Landing Stage, arriving into the historic heart of the city. Its strategic location and modern facilities make it an ideal berthing option.  Notable visiting vessels Some notable visiting vessels this year have included: PS Waverley &nda...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a cable transit sealing management system, ‘Roxtec Transit Operate™, developed by Roxtec International AB. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative fun...

Norway-based maritime technology business, Shipnet, has launched a new podcast titled ‘Talking Ship’, as it looks to make topical industry discussions more digestible and open the doors of Shipnet to wider audiences.  Available on Apple and Spotify, Shipnet’s first episode ‘Data-driven shipping efficiency’ features Head of Customer Experience - John Wills and Marketing Director - Jenny Duffy, who join the podcast Host and 20-year Broadcaster, Zoe Hanson, to di...

Swiss marine power company - WinGD has secured further orders for its ammonia-fuelled X-DF-A engine design in the growing ammonia carrier market. The engines, to be built at Yuchai Marine Power Co, will be delivered for a total of seven 25,000m3 and 41,000m3 LPG/ammonia carriers ordered by Tianjin Southwest Shipping. The vessels will deploy 5- and 6-cylinder versions of the 52-bore X-DF-A engines and are scheduled to enter service from Q3 2026. New orders The new orders highlight WinGD’...

Oceania Cruises®, the world's major culinary- and destination-focused cruise line, celebrates 15 years of The Culinary Center, the first-ever hands-on cooking school at sea, with an array of new classes for 2025 and beyond.   Announced 15 years ago ahead of the launch of Marina™, the first purpose-built foodie-ship for the line, Oceania Cruises' Culinary Center is now available on four of its elegant ships, Marina, Riviera™, Vista™, and Allura™, its newe...

Kongsberg Discovery is heralding a new age of efficient, simplified, and sustainable pelagic trawling with today’s launch of the breakthrough FS80 Trawl Sonar at Pacific Marine Expo (PME). The compact, modular, and multifrequency solution is the market’s first sonar system to combine net monitoring, intake profiling, and bottom detection in a single unit, making the very latest sonar technology accessible to fishery customers, big and small. SIMRAD strength Norwegian-headquartered...

Mercy Ships has been given a significant boost for upcoming construction work on the medical charity’s latest newbuild hospital ship after being unveiled at a recent conference as this year’s official charity partner by the maritime branch of the Federation of Norwegian Industries, representing hundreds of maritime equipment suppliers, designers and shipyards. Norwegian maritime sector “We are keen to engage with the Norwegian maritime sector to procure the resources and expe...

ABS and the Korea Marine Equipment Research Institute (KOMERI) signed an agreement at Offshore Korea that establishes a framework for strengthening technology research and development in the shipbuilding and marine industries. The two organisations will cooperate in the use of research facilities and equipment, as well as testing and certification. Further, they plan to provide mutual information exchanges and professional education through seminars, workshops and other network-building events....

The ULSTEIN® POWER Variable Speed Generator (VSG) has been designed to optimise power generation on marine vessels by dynamically adjusting its speed to match load requirements. Together with technical measures and overall ship design, the operational results on the CSOV Olympic Boreas show a record-low 2.7-tonne fuel consumption per 24 hours during a week of DP operations. Vessel’s energy demand Running the engines at variable speed optimises power production based on the vessel&rs...

Advanced boat-handling systems supplied by Vestdavit have been installed on the newbuild CSOV Olympic Notos delivered for Olympic by Norway’s Ulstein Verft, which is raising the bar in terms of sustainability and operational efficiency for such vessels employed in the offshore energy sector. MOB and lifeboat davit “We are honoured to have been selected by Ulstein for participation in this ground-breaking newbuild project based on our well-established track record of reliable davit...

Indian Register of Shipping (IRS) and the Technology Innovation Hub (TIH) Indian Institute of Technology (IIT) Guwahati have successfully completed India’s first training and certification program in deep diving and underwater welding, underscoring a pioneering milestone in the country’s efforts to build a skilled workforce for underwater asset maintenance. Following the agreement between IRS and TIH IIT Guwahati in 2023, the training was held at the Neel Diving Academy, Kochi, wher...

The International BoatBuilders’ Exhibition and Conference (IBEX), North America’s premier trade event for the recreational marine industry, has acquired Professional BoatBuilder magazine (ProBoat), the marine sector’s renowned technical publication and online information source.  The ProBoat purchase promises to marry the vitality of IBEX’s live trade event to the magazine’s depth of editorial coverage, creating an unparalleled platform for technical education...

In a remarkable endeavour to celebrate and revive India’s ancient maritime legacy, the Stitched Ship Project is recreating a 4th-century common-era vessel using traditional shipbuilding techniques. The initiative, led by the Ministry of Culture in collaboration with the Indian Navy, M/s Hodi Innovations, and other stakeholders, draws inspiration from historical references, such as Ajanta murals and ancient texts. Modern safety and design This project embodies India's long-standing conne...