UAE-based Abu Dhabi Ports entered an investment cooperation agreement with China's Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) to bring an investment worth AED1.1bn ($299m) into the Khalifa Port Free Trade Zone (KPFTZ).
The new 50-year musataha agreement will see a new UAE-based company established by JOCIC known as China-UAE Industrial Capacity Cooperation (Jiangsu) Construction Management occupy and develop around 23.7ft² of KPFTZ space for companies from the Chinese province of Jiangsu.
The proposed investment will require roughly 2.2% of the available free zone space in Khalifa Industrial Zone Abu Dhabi’s (Kizad) newly allotted KPFTZ area.
Twelve dock workers and a firefighter were injured following the leakage of flammable liquid from a container ship at the Port of Long Beach, US.
The firefighter and a worker were exposed to the fumes during the incident and were subsequently taken to a hospital, reported Los Angeles Times.
Both victims suffered minor injuries and were in stable condition by the afternoon, according to the Long Beach Fire Department and US Coast Guard.
Ghana-based IBISTEK secured a concession from the Ghana Ports and Harbours Authority (GPHA) to develop and operate a new container terminal at the Port of Takoradi.
The deal will be offered for a period of 25 years, while the works and installations related to the concession are estimated to require a total investment of approximately $370m.
The multi-purpose terminal will be constructed as part of GPHA’s wider development plan and is expected to equip the port for the future demands of the shipping industry.
Panama Canal has received an approval from the Cabinet Council of the Republic of Panama to modify its tolls structure.
The approval was granted following a recommendation from the Panama Canal Authority (ACP) Board of Directors, and will allow the canal to offer improved services to the global shipping and maritime sector.
It will also enable the ACP to defend the competitiveness of the waterway.
Royal Caribbean International commenced the construction of its new Quantum Ultra-class ship at the Meyer Werft shipyard in Papenburg, Germany.
A steel cutting ceremony was also organised at the shipyard to mark the occasion.
The ship will be named Spectrum of the Seas and is scheduled to be launched by 2019.
The European Maritime Safety Agency (EMSA) launched a new monitoring, reporting and verification system to aid the reduction of carbon dioxide (CO2) emissions from shipping operations across the European Union (EU).
The new THETIS-MRV system is also expected to help the EU to integrate the maritime transport sector within its wider greenhouse gas reduction policy.
EMSA developed the system following various consultations with technical experts from NGOs and shipping industry organisations.
GE's Marine Solutions entered a service agreement with TMS CARDIFF GAS to support and maintenance four liquefied natural gas (LNG) vessels for the next ten years.
GE will provide maintenance services for the TMS vessels' electric propulsion systems under the arrangement.
The company also agreed to deliver parts for the ships' propulsion motors, medium-voltage drives, generators and switchboards.
An explosion at a shipyard owned by STX Offshore & Shipbuilding in Changwon, South Gyeongsang Province, South Korea, resulted in the deaths of four workers.
The incident occurred inside a 74,000t oil tanker that was undergoing construction at the shipyard, reported Korea Times.
The workers were painting the inside of one of the carrier's 12m-deep tanks at the time of the blast, which resulted in smoke coming out of the vessel for between 20 to 30 minutes.
Saudi Aramco entered a deal with a consortium of Saudi Archirodon Company and Huta Hegerfeld to further develop the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia.
The complex will also include shipyard facilities, which will be designed and built by Hyundai Heavy Industries in collaboration with Lamprell, reported Maritime Executive.
The contract will see the consortium perform dredging and reclamation of around 37 million cubic metres of fill, as well as improve 7.4 million square metres of ground area.
The Maritime and Port Authority of Singapore (MPA) and IBM concluded the pilot trial of three modules under the MPA-IBM sensemaking analytics for maritime event recognition (SAFER) project, which seeks to improve maritime and port operations to help Singapore handle its growing vessel traffic.
The SAFER project is a joint collaboration between MPA and IBM that also aims to develop and test new analytics-based technologies.
Three modules were tested during the pilot trial, including automated movement detection, infringement analytics and pilot boarding detection systems.