• 2024 April 29 17:42

    Abu Dhabi leaps a staggering 10 places in 2024 LMC Report

    A major contributor to this success is Abu Dhabi Maritime

    Marking a significant step in maritime prominence, Abu Dhabi has secured its place within the top 25 of maritime cities worldwide, jumping an impressive 10 places since 2022, to reach position 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC) Report, unveiled in Singapore.

    The LMC report, a bi-annual benchmarking study jointly produced by DNV and Menon Economics, assesses the performance of 50 leading maritime cities across key sectors such as shipping, finance and law, maritime technology, and port and logistics. This year marks the sixth edition of the report, providing invaluable insights for maritime administrations, industry stakeholders, and the global maritime community.

    Abu Dhabi’s growth has been driven by strong gains in the "Attractiveness and Competitiveness" and “Enhancement in Shipping” pillars. It also achieved impressive rankings across all other key indicators and scored favourably in terms of projected growth as a leading maritime centre of the world, continuing Abu Dhabi's growing prominence in the global maritime landscape.

    A major contributor to this success is Abu Dhabi Maritime, established in 2020 via an agreement between AD Ports Group and The Department of Municipalities and Transport to manage the growth and development of Abu Dhabi’s maritime domain. Abu Dhabi Maritime was committed through its dedicated efforts to positioning the emirate as a leading global maritime hub. This was reflected in Abu Dhabi entering the LMC ranking for the first time in 2022, and its outstanding ascent in overall ranking to 22nd today.

    AD Ports Group has invested heavily across a number of areas which fall under the ranking criteria.  Bolstering commercial and leisure maritime infrastructure, enhancing digital capabilities and augmenting the maritime regulatory framework, has contributed significantly to this success, as have initiatives such as the launch of Maritime Hub Abu Dhabi, expansion of public water transportation networks and sustainability projects.

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “We are delighted to see Abu Dhabi's remarkable progress recognised in the 2024 Leading Maritime City Report. This achievement serves as a testament to the forward-thinking approach of our wise leadership, and the dedication and hard work of Abu Dhabi Maritime alongside the maritime community.  It also underscores AD Ports Group’s unwavering commitment to continued investment, innovation, and environmental responsibility in the maritime sector. Through strategic initiatives and collaborative efforts, we are confident in our efforts to further elevate Abu Dhabi’s status as a global maritime hub.”

    Benjamin Dineshkar – Head of Maritime Advisory, Middle East and Africa, co- author of the report, said: “Abu Dhabi has made the most remarkable progress, moving 10 places from 32 to 22.  Compared to the cities that were in the top 50 for both 2022 and 2024, Abu Dhabi has achieved the biggest leap among the cities. This is a result of strategic public policies and consistent investment, reflected in the strong performance in many indicators and the overall LMC ranking. For Abu Dhabi to have only entered the top 50 of the Leading Maritime City Report in 2022, this is a tremendous achievement.”

    The 2024 Leading Maritime City report gives valuable insights into the strongholds of today’s global maritime industry, it is used by maritime administrations and industry shareholders to identify improvement areas for increasing the competitiveness and attractiveness of a city. The report is also valuable to the global maritime community. Through the report, they can assess what are the best locations for investment, and possible relocation and can get a better understanding of the supplier networks in a particular location that can support them, the talent available, business environment and access to capital funding.

2024 July 22

15:46 China delivers world’s first river-sea LNG bunker and transport vessel
14:51 Hartmann receives new LNG-powered LEG carrier
14:14 Jiangnan Shipyard supplies dual-fuel VLEC gas Huanghe
13:44 ABL to support offshore installation of French-Spanish interconnector
12:53 Hanwha Ocean gets deal to join potential projects on repair of U.S. warships
12:35 Ro-Pax vessel collides with 7 cargo boats in Dhubri, India
11:42 One crew member dies in fire on Maersk-chartered container ship
10:58 Founder of Sea Shepherd arrested in Greenland
09:40 Fire-hit tanker enters Malaysia terminal area after being detained by coast guard

2024 July 21

17:39 Global IT outage disrupts operations at European box terminals
17:29 RWE secures its first offshore wind site in Australia with a capacity of up to 2 gigawatts
11:32 KBR secures advisory role for Kuwait’s renewables and hydrogen project
09:57 WSF selects ABB as propulsion single source vendor for five new hybrid ferries

2024 July 20

16:11 First hybrid ship launched at Kanellos Shipyards in Perama
14:21 DOF Group awarded multiple contracts in Brazil
12:18 HD Hyundai Heavy Industries union initiates strike procedures
10:06 Asyad Group looks to buy or operate ports in southeast Asia

2024 July 19

18:00 Global Centre for Maritime Decarbonisation concludes biofuels supply chain trials
17:10 Four Greek ports receive €10 million in CEF funds
16:47 Rauma shipyard launches the second passenger-car ferry ordered for Tasmania
16:25 MOL to invest in Carnot, a developer of technology for highly efficient engines
15:48 ABS and KRISO to advance SMR-powered vessels and floating power generation platforms
15:31 Ports of Indiana, Port of Antwerp-Bruges sign MoU
14:59 Fratelli Cosulich holds a steel cutting ceremony for the new vessel "Marta Cosulich" at Taizhou Maple Leaf Shipbuilding
14:13 Suez Canal reports 23.4% drop in annual revenue due to Red Sea crisis
13:42 Dual fuel standby vessels begin operations in Hong Kong
13:08 Bluferries, C.T.E. Perdikaris Engineering, Architectural & Technical Services and RINA announce the launch of a hybrid Ro-Ro passenger ship
12:30 DP World and Evyap Group forge new logistics hub to boost Turkish trade
12:11 Sempra Infrastructure announces EPC contract with Bechtel for Port Arthur LNG Phase 2
11:40 Two oil tankers on fire off Singapore, crew rescued
11:20 World Bank Group releases report on offshore wind development scenarios for Brazil based on analysis by DNV
10:42 FPSO Bacalhau receives AiP for abate notation from classification society DNV
10:19 Port Houston approved for cold treatment
09:55 Fujairah’s fuel oil inventories rise 5% this month

2024 July 18

18:00 South Korea slaps sanctions on Hong Kong shipping firm
17:31 IBIA seeks change to CII regulation for bunker vessels
17:06 Rem Offshore and VARD sign contract for CSOV
16:31 EU to invest record €7 billion in transport infrastructure
16:02 Port of Antwerp-Bruges throughput up 3% to 143.2 million tonnes in H1 2024
15:47 Port of Rotterdam posts cargo throughput of 220 million tonnes in first half 2024
15:30 Port of Oakland full imports rises 26.8% to 84,040 TEUs in June 2024
14:43 MSC increase own-operated service share
14:13 GTT receives an order from Dalian Shipbuilding for the tank design of two new LNG carriers
13:37 NYK acquires multiple segments of ENEOS Ocean’s shipping business
13:01 Bunker price trends in the world's four largest hubs, July 15-29 – MABUX
12:42 ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
12:12 KENC Engineering awarded with jacket seafastening scope
11:30 CMA CGM enters into a strategic partnership with Google
11:03 Port of Los Angeles container volume increases 10% to 827,757 TEU in June 2024
10:53 The Government of Canada invests in marine industry’s transition to green ship technology
10:13 Scottish Government to purchase seven new ferries
09:19 Damen signs four vessel contract with Toyota Tsusho for Angolan port development project

2024 July 17

18:05 Peninsula completes LNG bunkering for ‘K’ LINE in Gibraltar
17:36 Yangzijiang to invest $412 million in shipyard expansion
17:06 Singapore's non-oil domestic exports down 8.7% in June 2024
16:42 Damen starts steel cutting on new hybrid island class vessels for BC Ferries
16:23 Mabanaft submits permit-related approval documents for planned construction of ammonia import terminal in Hamburg
15:54 Helsinki, Tallinn ports get €15m EU funding
15:24 LNG carrier completes Arctic voyage to China in 18 days
14:45 Salvage team to start pumping fuel from grounded vessel on South African coast
14:23 Fertiglobe wins first H2Global pilot auction for renewable ammonia
13:54 Maersk says Red Sea shipping disruption having global effects
13:39 Average spot rates from the Far East to US East Coast increased by 3.7% - Xeneta
11:30 NYK completes world's first truck-to-ship ammonia bunkering of ammonia-fueled tugboat
10:52 CEVA Logistics, Almajdouie Logistics sign JV in Saudi Arabia 
10:24 Port of Long Beach container volume up up 15.3% to 835,412 TEUs in June 2024

2024 July 16

18:02 China extends visa-free transit policy to 37 ports
17:25 Works on schedule for the Ravenna regasifier, with the plant operational in the first quarter of 2025
17:05 STX Heavy Industries changes name to “HD Hyundai Marine Engine”
16:45 OOCL's revenue rises 14pc to US$2.2bln