30 June 2022 Worries about a global downturn rattle investors. Brent crude slips below $116, but still up 51% year to date. Consumer spending power shows signs of fresh erosion.…
Construction
Good Morning Monaco Thursday, June 30, 2022 New building to be higher than plannedMonaco’s municipal council has approved the addition of several more storeys to the Honoria Palace building, currently…
Port of Roenne has experienced an increased interest in using the port’s area for shipping wind turbines. Based on the increased demand, Port of Roenne A/S, is advancing the planned…
Malagasy Independence Day fireworks display 24 Jun 2022, Toamasina (Port of Tamatave), MadagascarDue to a fireworks programme to mark Malagasy Independence Day, petroleum tankers may not stay alongside between 1400…
British International Investment to invest up to $200 million in African hydropower alongside Norfund and Scatec
The UK’s DFI is entering into the Norwegian DFI’s Joint Venture with Scatec, a leading renewable energy solutions provider, to invest in hydropower projects across Africa in huge boost to continent’s…
Theyab bin Mohamed bin Zayed oversees progress of Etihad Rail project and witnesses signing of agreement for manufacturing and supplying passenger trains valued at 1.2 Billion AED
Theyab bin Mohamed bin Zayed: Etihad Rail continues to achieve further successes, building upon the foundations established by the UAE’s wise leadership for developing the transport system and achieving economic prosperity…
Closure of strait for yacht races 22 Jun 2022, Bosphorus Strait, TurkeyYacht races will be held in the Bosphorus Strait on Saturday 2 July as part of Maritime And Cabotage…
The International Marine Contractors Association (IMCA) published a detailed Information Note on 14 March 2022 on Congressionally proposed manning constraints applicable to vessels operating in support of U.S. offshore energy…
Europe’s ports release study on the impact of the changing energy landscape on port infrastructure and operations
On Friday 3 June, the ESPO-EFIP study on the implications of the changing energy landscape on Europe’s ports was released and presented at ESPO’s Annual Conference in Valencia. The aim of the…
• New business target of €1 bn for infrastructure projects in 2022• Supply constraints and raw materials shortages challenging for companies – Chief economist: Investments urgently required• Germany’s government plans…
Piraeus Tower An iconic landmark in the heart of the biggest passenger port in Europe, turns into an international business hub that stands proudly at the starting point of the…
Amended dates for oil jetty withdrawal 24 May 2022, Deendayal, IndiaThe period when Deendayal’s Oil Jetty No. 4 (OJ-4) will be withdrawn has been changed from 27-30 May to 3-6…
Torrential rainfall: Port status update 23 May 2022, Durban, South AfricaThe Kwa-Zulu Natal region has once again experienced torrential rainfall expected to continue until 23 May. Port operations at Durban…
Topsoe to build world’s largest electrolyzer production facility to accelerate Power-to-X capacity
Topsoe will build the world’s most advanced industrial scale electrolyzer production plant to meet society’s need for Power-to-X solutions. Topsoe’s ambition is to speed up the green energy transition with solutions that…
Marine Weather Forecast Update 17 May 2022, BahamasExpect light winds and low seas for the most part outside of convection until the weekend. Read more » Haldia: Maintenance of HMC at…
Increase of light dues 11 May 2022, Chittagong, BangladeshChittagong Port Authority has issued its final proposed tariff, including an increase of light dues effective from 9 May. Read more » Cyclone…
Offshore ADNOC 3D seismic survey operations 10 May 2022, Zayed Port/Musaffah, United Arab EmiratesUntil 16 May, up to ten vessels are engaged in the deployment of cables with seismic nodes…
Bunker fuel contamination investigation findings 09 May 2022, SingaporeThe Maritime and Port Authority of Singapore has conducted investigations and identified the source of reported contamination of High Sulphur Fuel Oil…
Sinking feeling takes over financial markets amid worries about rising rates, slowing construction and fresh turbulence for airlines
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: ‘’A sinking feeling has taken over financial markets at the end of a volatile week of trading. Investors are digesting the…
Updated crew change protocol 21 Apr 2022, Sri LankaChanges have been made to Sri Lanka’s Standard Operating Procedures for crew changes with regards to precautions to prevent the spread of…
Pompili: “The acquisition plan is in full swing. This operation strengthens theinternational position of our group “ Genoa based De Wave Group, the global outfitting company, lands in Finland with…
Marine rates & charges – Update 29 Mar 2022, River Forth Ports – Scotland (Grangemouth, Rosyth, Port Babcock, Rosyth, Inverkeithing, Burntisland, Leith, Kirkcaldy, Methil, Hound Point & Braefoot Bay), United…
Spectre of stagflation rears up over UK economy as house builders feel the pain of high inflation and lower growth
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: “The spectre of stagflation has reared up over the UK economy with the growth forecast revised sharply downwards while higher prices…
Hot Port News from GAC UAE International Aqua Bike Championship 11 Mar 2022, Abu Dhabi, United Arab EmiratesAbu Dhabi Marine Sports Club will organise the activities of UAE International Aqua…
Hot Port News from GAC Offshore ADNOC 3D seismic survey 08 Mar 2022, Mussafah, United Arab EmiratesThe plan for the offshore ADNOC 3D sesismic survey in Old Mussafah Channel, New…