Author: Rigs & Barge World
Energy service company and tanker operator AET provided details on its planned conversion of one of its support vessels to create a hybrid electric vessel with the world’s longest range. Based in Galveston, Texas, and a division of Malaysia’s MISC, the company reports one of its existing purpose-built Lightering Support Vessels has been selected for the hybrid conversion project. The company operates a fleet of these vessels reporting it performed more than 15,500 STS transfers making it a market leader in the U.S. Gulf region. It also provides lightering operations in offshore Uruguay and the Brazilian Basin. AET has signed…
The TMS Ship Finance and Trade Conference 2025 brought together global industry leaders, financial experts, and policymakers for transformative discussions on the future of maritime trade, finance, and sustainability. The conference served as a vital platform for addressing key challenges, exploring financial innovations, and advancing sustainability-driven solutions for the maritime sector. The event commenced with a welcome address by Nawal Al-Maghafi, Senior Broadcast Journalist at BBC, who reflected on the implications of the recent U.S. elections on global trade policies. She highlighted the potential shift towards stronger domestic priorities, which could reshape supply chain dynamics, tariff structures, and environmental…
DP World’s Jebel Ali port delivered a standout year for trade in 2024, recording the highest container and breakbulk cargo volumes since 2015. The Dubai port handled 15.5 million TEU, an increase of around 1 million TEU compared with the previous year, while breakbulk cargo also saw significant growth, surging by 23% year-on-year to reach 5.4 million tonnes. Abdulla Bin Damithan, CEO & Managing Director, DP World GCC, said: “The 15.5 million TEU handled at Jebel Ali in 2024, along with the strong growth in breakbulk cargo, shows our capacity to meet increasing demand in both sectors. With a thriving…
A new custom bonded inland container handling facility, Al Faya Dry Port, located between Abu Dhabi and Dubai, is being established by AD Ports to act as an Inland Container Depot (ICD) linked to Khalifa Port. The intention is that the new ICD will provide a transit terminal for trucks and more cost-efficient cargo handling operations for Dubai and the Northern Emirates. The first client for Al Faya Dry Port will be CMA CGM. However, the intention is that it will be further expanded to also serve other major shipping lines calling at Khalifa Port, such as COSCO and MSC, in future.…
Drydocks World continues to upgrade its facilities in Dubai to provide more advanced solutions for shiprepair and conversion customers. Recently the yard has introduced the CH 320 CNC bending machine, a new addition to its pipe shop, which is designed to enhance precision, efficiency and fabrication capabilities, but the ability to bend pipes from 6in (DN150) to 12in (DN300) with thicknesses ranging from 7mm to 17mm. According to Drydocks World CEO, Capt. Rado Antolovic, “This new investment enhances our ability to execute high volume conversion, EPC and ship repair projects, by streamlining fabrication, reducing lead times and increasing overall efficiency,…
Noatum Maritime, part of AD Ports Group, has established a new joint venture with Erkport of Turkey to launch a new business focusing on ro-ro shipping. Under the terms of the agreement, Noatum will own a 60% stake in the new company, called United Global Ro-Ro, with Erkport owning the remaining 40%. United Global Ro-Ro will handle automotive traffic and high and heavy cargo flows, supported by regional feeder networks, connecting Europe, the Mediterranean, South Africa, the Arabian Gulf and Asia. To begin with, Noatum Maritime and Erkport will jointly deploy a fleet of 11 vessels, including ConRo, PCTC and ro-ro tonnage,…