The 1983-built Asphalt Tanker capsized and sank in the Persian Gulf near Qatar on Tuesday. The vessel sent out a distress signal when it started to capsize. The French frigate Cassard responded and sent out onboard helicopter and managed to rescue all of the 12 Indian crew. The ship sank shortly...
Dubai-based drilling contractor Shelf Drilling has secured a one-year contract extension for 1982-built jackup rig in direct continuation of its current contract for workover operations offshore Nigeria. The latest contract also includes an option to extend the contract by further year. The...
https://splash247.com/shelf-drilling-secures-extension-for-jackup-rig/
Meena Mathews, GAC Group’s Regional Manager P&I – Middle East, receives the Women Professional Excellence for P&I Claims Management award from H.E. Fareed Lutfi, The Secretary General, Emirates Insurance Association & The Secretary General, Gulf Insurance Association and Sohan Roy, Founder Chairman & CEO, Aries Group
Dubai, United Arab Emirates, 19 November 2018 – Meena Mathews, GAC Group’s Regional Manager P&I (Protection & Indemnity) – Middle East, has won the Women Professional Excellence for...
Norway’s Reach Subsea and Sweden’s MMT has entered into an agreement with Topaz Energy and Marine to charter newbuild subsea vessel for two and a half years. The vessel will be used by Reach and MMT for survey, IMR and light construction purposes within the oil and gas as well as renewables sector....
https://splash247.com/reach-subsea-and-mmt-charter-csv-from-topaz/
UAE-based Zakher Marine International has completed a $125m financing deal with China Export and Credit Insurance Corporation (Sinosure), the official export credit agency of China, for two newbuild liftboats. The two liftboats, QMS Sentinel and QMS Gladiator, were both built by CSIC-affiliated...
https://splash247.com/zakher-marine-secures-chinese-financing-for-newbuild-liftboats/
DP World, the global terminal operator from the United Arab Emirates, has taken legal action against state-backed China Merchants for building an international free zone on Doraleh Container Terminal, a facility being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong for...
https://splash247.com/dp-world-takes-china-merchants-to-court/
UAE-Based offshore service provider Telford Offshore has been awarded a charter contract from Indonesian construction company Timas Suplindo for multi-purpose offshore construction vessel . The three-month contract, with options to extend, will see Telford 25 support a wide range of services from...
https://splash247.com/telford-offshore-awarded-ocv-contract/
Commentary: Central banks greening financial system
By Danae Kyriakopoulou in Geneva
Central banks’ remits have changed profoundly since the 2008 financial crisis, notably – and sometimes controversially – in relation to their monetary policy practices and quantitative easing policies. Their remits are beginning to expand into another, unexpected field: climate change.
The recognition of climate-related disruption as a source of financial risk is propelling this expansion, and central banks can...
The UK’s Marine Accident Incident Branch (MAIB) has released its reports into one of the most high profile accidents of 2017. At 1137 on May 4 last year, the UK registered container ship made heavy contact with the quay and two shore cranes while under pilotage during its arrival at Jebel Ali in...
https://splash247.com/pilot-in-hot-water-over-last-years-most-watched-shipping-accident/
UAE-based offshore platform operator Gulf Marine Services (GMS) has secured a new contract for one of its small class vessels. The new charter is for 12 months including options and is scheduled to commence shortly. The vessel will be supporting well intervention activities for a national oil...
https://splash247.com/gulf-marine-services-secures-liftboat-contract/