Maritime Vessels Directory

Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security.The Saudi energy ministry said there were no casualties or loss of property from the attacks. The defense ministry said it intercepted an armed drone coming from the sea prior to hitting its target at an oil storage yard at Ras Tanura, site of a refinery and the world's biggest offshore oil loading facility.

AG&P Gets OK to Develop the Philippines LNG Import Terminal in Batangas Bay

39 minutes ago

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.The firm, part owned by Osaka Gas and the Japan Bank for International Cooperation, said the Philippines' energy department has issued it a notice to proceed to develop the terminal, known as Philippines LNG, which will provide the fuel to power plant, industrial and commercial customers and other consumers.

Damen Launches Financial Services Division

2 days ago

As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division to support clients in the financing of new ships by means of both operational and financial lease constructions.In itself it is not new that Damen assists its clients in attracting financing for new ships. This has been happening for 30 years, the company said. “However, the demand for lease solutions is increasing,” explained Jan Willem van Helden, managing director of Damen Financial Services.

Handysize 38kt Time Charter Average FFA is 'Perfect Timing'

2 days ago

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28,000-dwt benchmark and the Baltic Exchange launched its benchmarks for 38,000-dwt handysizes in March 2018.

New Pandemic Response Guidance for Maritime SAR Organizations

2 days ago

New manual provides vital recommendations for operational planning and response in health emergenciesThe International Maritime Rescue Federation (IMRF), supported by Lloyd’s Register Foundation, has launched comprehensive guidance for anyone working in search and rescue, on how to ensure that SAR operations can continue safely in the face of challenges posed not only by COVID-19, but also by any future health emergencies.The Pandemic Response Guidance will support SAR providers in improving their level of preparedness for any forthcoming pandemics and enhances initial materials produced by IMRF members in early 2020, in response to the emerging COVID-19 pandemic.

Maritime Reporter and Engineering News (February 2021)

Government Shipbuilding