Egypt’s Ailing Economy Likely to Get Boost from Developments in the Suez Canal

There might still be hope for Egypt’s ailing economy, despite it not being clear to many. In fact, it could enjoy the same benefits as Dubai’s Jebel Ali, with the now dual carriage waterway on the Suez Canal. Suez Canal today may seem at a disadvantage, what with the competition from the Panama Canal, lower bunker prices, and the turtle’s pace in the global trade. But it has all the potential to transform Egypt’s ailing economy. The $8bn expansion of the Canal will maintain its primary role as the lifeblood of the Egyptian economy, which has been going on for the last 150 years or so.

Smart Shipping: Demand for Training in the Use of Shipboard IT Technologies Increased

There might be a need to bring the smart concept in the shipping industry, but group CEO of Elektrans Group, Capt. Michael P Elwert, is quick to admit that the slow-paced training, or the lack thereof, is costing the industry a new generation of seafarers. When asked if the industry is doing enough to train tech savvy newcomers, during the UAE Maritime Leaders’ Summit, Elwert bluntly said no. “A pure, pure answer to your question is no, we are not doing it well…I think it is something we [the industry] have to recognize we don’t do very well.”

Cost and Cybersecurity: Major Hurdles to Smart Shipping Success

Speaking to attendants of the UAE Maritime Leaders Seminar, which kicked off the Dubai Maritime Week, Coles voiced out his concern that the cost of real-time transfer essential to smart shipping is too expensive. Price of mobile satellite air-time has to come down to facilitate connectivity necessary to transfer large amounts of data from ship to shore in real-time. Otherwise, there will be no ‘smart’ in the shipping industry. If there is, it will be too costly to implement and maintain.

SGX Reprimands Swiber over the Lack of Transparency of the $710m West Africa Project

Global offshore industry Swiber received a public reprimand from the Singapore Exchange (SGX) on the grounds of the lack of transparency. Apparently, Swiber failed to disclose all information pertaining to a $710m deal in West Africa. This has led to the company being under judicial management.

Seatrade Maritime Awards 2016 Winners

The recently concluded Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2016 awarded excellence to some of the biggest names in the shipping and maritime industry. It was definitely a night of fun and excitement, with accolades flowing as freely as the wine being served.

Climate Change

Oil spill

Environmental compliance

Climate Change: What Does It Mean For Marine Life?

Climate change has had a startling effect on the rising temperatures of the oceans. Scientists predict that water temperatures will hit...

- 25th May 2016

Living Underwater: A Possibility?

For years people have looked up at the sky and wondered what it would be like to travel into space. The...

- 10th March 2016

Plastic Pollution and Plankton

A recent study has highlighted a link between plankton and the staggering impact plastic pollution can have on the sea. A...

- 9th March 2016

Sperm Whales – Why Are They Getting Lost?

Although it is a naturally occurring event, you'd be hard pressed not to be somewhat perplexed at the amount of reported...

- 8th February 2016

Hydrex Performs Chemical Tanker Emergency Repairs in Record Time

Hydrex Underwater Technology has completed the emergency stern tube seal repair to a 134m chemical tanker, after the Antwerp Port Authority...

- 14th October 2016

Kelvin Hughes Supports and Has Signed the Armed Forces Covenant

Kelvin Hughes, a world leader in the design and supply of navigation and security surveillance systems, is proud to announce that...

- 5th August 2016

Ocean Tankers to strengthen its Anti-Piracy Measures

Ocean Tankers told IHS Maritime it plans to strengthen its anti-piracy measures in the wake of the second hijacking its fleet...

- 15th May 2015

Shipping Losses ‘Lowest in 10 Years’

The number of shipping losses dropped to a 10-year low last year, according to the third safety and shipping review.

- 5th April 2015

Sea Piracy: The Impact on Seafarers and Their Families

Modern-day pirates may not wear an eye patch or wave a sword in your face, but they are more real and...

- 20th July 2016

Piracy: The Face Of A Modern Pirate

Say the word pirate to anyone these days and many would automatically think of Captain Hook, arch nemesis of Peter Pan,...

- 9th February 2016

Anti Piracy: Seychelles – Paradise Under Attack by Pirates

By Lilly Black Seychelles has long had a reputation for being a honeymooner’s paradise. Beautiful beaches, palm trees, year round sunlight...

- 8th December 2015

Panel Proposes New Jobs to Root Out Piracy

Piracy is the by-product of unemployment and disregard faced by entire generations of young men and women in Somalia, according to...

- 25th November 2014