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Shipbrokers are reporting multiple newbuilding ordering activity over the course of the past week, mainly as a result of improving market sentiment in the dry bulk segment. In its latest weekly report, shipbroker Allied Shipbroking said that "after a period of poor activity, an interesting week was due for the newbuilding sector, with many new contracts being reported. This week's flow is highly attributed in the dry sector, with several new projects coming to light, many with options attached, showing a growth in keen interest. To an extent, this rebound reflects the considerable improvement noted in the freight market during the past two months and the general uptrend in sentiment, despite the downward correction noted recently. As we enter the final quarter of the year which is traditionally stronger in terms of earnings, expectations are for a firm flow of new contracting to continue if not further intensify. However, with given the volatility typically noted in the newbuilding market in terms of activity and the overall mixed messages coming from the market, it is difficult to evaluate the investment appetite of ship owners and their overall confidence in the general market outlook. This becomes especially important when taking into account the potential for price increases in the near-term and given the difficulties in terms of financing and the limited availability of capital".

Rolls-Royce has signed a deal with Google to develop Rolls-Royce's intelligent awareness software, which is already in use on ships today and will play a central role in the company's drive towards autonomous vessels.

The Port of Rotterdam Authority and the Municipality of Rotterdam have partnered to launch an applied research lab for the development of applications and solutions based on blockchain technology.

Almost three-quarters of new ships carrying consumer goods already exceed International Maritime Organisation's (IMO) post-2025 energy efficiency requirement.

There has been a dramatic rise in international port investments by Chinese operators and investors, according to Neil Davidson, senior analyst for ports and terminals at Drewry Maritime Research.

After having been awarded the project last December 2016 by Hyundai Heavy Industries Co. Ltd (HHI), Jan De Nul Group's preparations for the subsea cable laying work for ADMA-OPCO's NASR Full Field Development Package 2 Project off the coast of Abu Dhabi in the Arabian Gulf are in full swing. The preparations are lead from Jan De Nul Group's office in Abu Dhabi by a dedicated team of project management and project engineers.

To boost trade potential, use of extensive inland waterways discussed in meeting with Mali President
Alignment with the UAE's Centennial Vision 2071 encouraging the export of local knowledge and expertise globally

The Israeli Port of Ashdod plans to invest up to US$367 million in strategic projects in order to boost its megaship handling in a changing market environment.

Singapore's oil company Trescorp is to launch a new 45-hectare terminal in Oman-based Port of Sohar with an investment of USD 600 million.

A coalition of thirty organisations are lobbying the European Union to invest more in European transport projects which they say are at risk due to insufficient funding.


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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