logo
3rd Offshore Support Vessels Conference 2025 Concludes in Abu Dhabi with Strong Calls for Innovation and Regional Cooperation

3rd Offshore Support Vessels Conference 2025 Concludes in Abu Dhabi with Strong Calls for Innovation and Regional Cooperation

Mid East Info22-05-2025
Abu Dhabi, UAE – 22 May 2025 – The 3rd Offshore Support Vessels (OSV) Conference successfully wrapped up on 21 May 2025 at the Rixos Marina Abu Dhabi, concluding two days of in-depth discussions, knowledge exchange, and strategic networking that reinforced the UAE's leadership in offshore and maritime development.
Held under the theme 'Charting New Frontiers in Offshore Innovation and Excellence,' this year's edition drew over 300 senior-level participants from across the MENA region, Europe, and Asia, including government stakeholders, shipowners, classification societies, technology providers, and EPC contractors.
Organized by Great Minds Event Management, the event offered a comprehensive program covering emerging challenges and transformative opportunities shaping the OSV sector. Key topics included: Offshore fleet optimization amid fluctuating energy demands
The path to IMO 2030 & 2050: decarbonization, green fuels, and emission compliance
Regional shipbuilding and vessel life extension programs
Smart operations and digital performance monitoring
Future-readiness through training, talent retention, and safety
Notable presentations were delivered by speakers from ADNOC L&S, Zamil Offshore, ABS, Wärtsilä, International Maritime Industries, and other key industry players. Panels addressed critical issues such as energy diversification, infrastructure investment, and collaborative innovation in the face of rising global and regional demand for offshore services.
Beyond the technical sessions, the event featured a compact exhibition showcasing advanced vessel design, propulsion systems, safety innovations, and operational service offerings. Delegates praised the event's intimate yet impactful format, enabling high-value interactions and strategic connections.
The conference also reaffirmed Abu Dhabi's position as a regional center for offshore growth, technology adoption, and sustainable energy infrastructure.
Planning is already underway for the 4th Offshore Support Vessels Conference, which promises to continue the momentum and expand the conversation around innovation, investment, and collaboration in offshore marine logistics.
To receive the post-event report or enquire about future participation, visit: http://www.osvconference.com
Media Contact:
Amira El-Daly Marketing Manager 📞 +971 54 406 2484
📧 amira@gmevents.ae
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt non-oil private sector shrinks in June due to weak demand: S&P - Economy
Egypt non-oil private sector shrinks in June due to weak demand: S&P - Economy

Al-Ahram Weekly

time21 hours ago

  • Al-Ahram Weekly

Egypt non-oil private sector shrinks in June due to weak demand: S&P - Economy

Operating conditions across Egypt's non-oil private sector economy deteriorated moderately in June, according to the latest S&P Global Egypt Purchasing Managers' Index (PMI), as demand weakness and declining output continued to weigh on business activity. Firms also reported a sharp reduction in purchasing activity and a historic low in business confidence heading into the second half of the year. According to its PMI report on Egypt, S&P Global noted that the country's headline PMI fell to 48.8 in June, down from 49.5 in May, marking the fourth consecutive month below the neutral 50.0 threshold that separates expansion from contraction. The reading signalled a modest but accelerated decline in overall operating conditions. 'The June PMI data pointed to another mild decline in the health of the non-oil sector, driven by sustained decreases in incoming new orders and output volumes,' said David Owen, senior economist at S&P Global Market Intelligence. The contraction was driven by faster declines in both output and new orders, with businesses citing weak client spending and a general stagnation in local markets. The downturn prompted firms to scale back input purchases at the fastest pace in nearly a year, particularly in the manufacturing sector. Employment also remained under pressure, with staffing levels falling for the fifth consecutive month. While the job cuts were modest, they reflected persistent demand weakness and low expectations for future growth. 'A faster drop in input purchases combined with stalling hiring activity suggests that firms expect demand to remain low and are thereby looking to make cost savings,' Owen added. The outlook among Egyptian firms deteriorated further, with business confidence for the year ahead slipping to the lowest level ever recorded by the survey. Respondents expressed deep concerns over muted order books and potential geopolitical risks that could intensify economic disruptions. Despite the broad challenges, cost pressures eased slightly. Input price inflation dropped to a three-month low, contributing to a slower rise in output charges, following a sharp increase recorded in May. Inventories also flattened after three months of modest growth, while supplier delivery times continued to lengthen slightly amid persistent pressure on logistics. The June data highlights the ongoing challenges facing Egypt's private sector despite broader macroeconomic reform efforts. The decline in activity and expectations suggests that business sentiment remains fragile as firms navigate a complex mix of weak domestic demand and uncertain external conditions. The S&P Global Egypt PMI is derived from a survey of approximately 400 private-sector companies across various sectors, including manufacturing, construction, services, and retail. A reading above 50.0 indicates improvement in business conditions, while a reading below that figure reflects contraction. In response to the implications of global and regional tensions on the country's economy, the International Monetary Fund (IMF) announced last week that it will complete both the fifth and sixth reviews of the Extended Fund Facility (EFF) $8 billion loan programme by September. Raising the private sector's share in the Egyptian economy is a cornerstone of this programme. Follow us on: Facebook Instagram Whatsapp Short link:

Why Tesla's Cybertruck has been such a flop
Why Tesla's Cybertruck has been such a flop

Egypt Independent

time2 days ago

  • Egypt Independent

Why Tesla's Cybertruck has been such a flop

New York CNN — Despite Elon Musk's bold predictions, the Cybertruck is, officially, a flop. Tesla is deliberately opaque about its sales numbers on specific models, so you have to squint to get a sense of just how badly the company's unique pickup truck is performing in the real world. But we definitely have some idea. Here's what we know, based on Tesla's deliveries (a proxy for sales) released this week: The EV maker delivered about 384,000 vehicles in total, world-wide, between April and June this year — a record 13.5 percent decline from a year earlier. Zoom in, and it gets uglier for Tesla. Tesla doesn't break out sales of the Cybertruck, one of its premium models that Musk says was inspired by the dystopian movie 'Blade Runner.' It discloses just two categories — the Model 3 and Y in one category and, in the second, 'other models,' which is almost entirely the company's legacy Model S sedan, the Model X SUV and the Cybertruck. The company said it delivered about 10,400 'other' models in the second quarter, which itself is a huge problem for Tesla. In the same quarter last year, Tesla sold more than 21,500 'other' models. It's hard to think of another word for a 52 percent decline other than a collapse. How many of those 'others' are Cybertrucks, and how many are the Model S or X? That's not entirely clear. But let's look at the first three months of this year. Tesla sold about 12,900 'other' models, of which 7,100 were Cybertrucks, according to registration data from S&P Global Mobility. So a bit more than half. It'd be safe to estimate, then, that Tesla likely sold something in the ballpark of 5,000-6,000 Cybertrucks in the second quarter if consumer trends held steady. It might even be getting marginally outsold by the F-150 Lightning and GM's electric pickups, rivals whose sales are also falling but weren't nearly as hyped as Musk's brainchild. The company didn't respond to a request for comment. But even in a hypothetical world where all of those 10,400 deliveries in the second quarter were Cybertrucks, Tesla would still be massively underperforming the expectations set by Musk, who told investors two years ago that he expected Tesla to be churning out 250,000 a year by 2025. We're halfway through the year, and Tesla has barely hit a fraction of that. Cybertruck sales have faced a number of challenges: Its $80,000-$100,000 price tag. The imminent erasure of EV tax credits. Its oddball design. Repeated recalls, including one for an exterior steel panel falling off while the truck is moving. The roughly 200-mile real-world range reported by owners, rather than the 500-mile range that was initially promised. The lack of the initially-promised range extender, which quietly disappeared. The vehicle's intractable affiliation with the world's wealthiest wannabe-oligarch. The 7,000-pound car has become a symbol of the MAGA right wing and a target of vandalism. Will the Cybertruck's shortcomings sink Tesla? Probably not. But the stumble has become a reflection of the company's broader turmoil. The electric truck faces serious competition from the likes of Rivian, Ford and GM. Chinese rivals are eating into Tesla's market share in key markets overseas, particularly Europe and China. Tesla is on the verge of losing its title as the world's largest EV maker by annual sales to Chinese automaker BYD. This week, BYD — which isn't allowed in the US market — reported 1 million electric vehicles sold in the first half of this year, putting it far ahead of Tesla's year-to-date total of about 721,000. The Tesla faithful on Wall Street are still all-in on Musk, whom they see as a visionary and, perhaps more to the point, a showman who has made them rich. Tesla's stock (TSLA) is down about 17 percent this year, but it's up nearly 300 percent over the last five years. For the ride-or-die bulls, it may not matter that Musk's MAGA turn has clobbered the company's core business of selling cars because he has convinced them that Tesla's future lies in an AI-powered, driverless utopia. And it's Musk's history of promises that have driven that meteoric share price increase, and, accordingly, Musk's personal wealth. But Musk's promises and predictions routinely come up short. His Cybertruck is only the latest example. This story has been updated from the version that was published in the Nightcap newsletter with additional context.

Egyptian Automotive & Trading Company launches the New Third-Generation Audi A5 in Egypt - Sponsored
Egyptian Automotive & Trading Company launches the New Third-Generation Audi A5 in Egypt - Sponsored

Al-Ahram Weekly

time5 days ago

  • Al-Ahram Weekly

Egyptian Automotive & Trading Company launches the New Third-Generation Audi A5 in Egypt - Sponsored

Egyptian Automotive & Trading Company (EATC)—Egypt's official Audi importer—has launched the all-new Audi A5 in the local market in three different trim levels: Advanced, S-Line, and the range-topping S-Line Plus. The first-generation Audi A5 debuted in 2007, showcasing a versatile range of body styles, including the coupe, cabriolet, and 'Sportback.' The second generation arrived in 2016, while the current third generation was unveiled in mid-2024, replacing the A4 Saloon and the outgoing two-door A5 Coupé and A5 Convertible. The 2025 Audi A5 has received a refreshed, bolder look, a new, upscaled interior, a suite of technical gadgets, and a powerful 2.0-liter, four-cylinder engine. The third-generation Audi A5 looks more aggressive and sportier than before, and the biggest changes are on the exterior. The front fascia is now bolder, with a revamped, slimmer Singleframe grille flanked by two sleeker Matrix LED headlamps with a washer system. Widened fenders, fancy digital OLED taillights, large bumper intakes, black door handles, 19-inch alloy wheels, brake calipers painted in red, and heated auto-dimming exterior mirrors with memory function are among the features available for the range-topping variants. In addition to the several exterior paint colors that customers can choose from, the 2025 Audi A5 is 4829 mm long, 1,860 mm wide, and 1,444 mm tall, with a 2,892 mm wheelbase. Built on the all-new Premium Platform Combustion (PPC) architecture, the A5 has grown beyond its compact roots, offering a more spacious and refined driving experience. Inside, the new generation of the Audi A5 is a radical departure from its predecessor. It now features a clean yet sophisticated layout packed with an array of high-tech gadgets. Drivers will be greeted by faux-leather elements, Dinamica microfiber surface treatments, contrast stitching, and gloss black accents. The dashboard features a curved panoramic display that combines an 11.9-inch digital instrument cluster for the Audi Virtual Cockpit Plus with a 14.5-inch infotainment touchscreen. An enhanced head-up display and a 10.9-inch front passenger display are also available. Depending on the trim level, the all-new Audi A5 offers a wide range of upscale amenities, including three-zone automatic air conditioning, power-adjustable front seats with ventilation, and heating, 4-way lumbar support for front seats, Sport Seats Plus at the front, a three-spoke, leather-wrapped flat top and bottom steering wheel with shift paddles, a Bang & Olufsen 3D premium audio system with head restraint loudspeakers, an Audi smartphone interface, a Panoramic glass roof with switchable transparency, a projection light in exterior mirrors, and an ambient lighting package pro, to name but a few. In the safety department, the 2025 Audi A5 gains a plethora of driver-assistance systems and safety features as standard, including front and side airbags (curtains), adaptive cruise control, manual speed limiter, surround view cameras, a lane departure warning, side assist with exit warning, front and rear cross-traffic assist systems, Audi Drive Select, a driver attention and fatigue monitoring system, front emergency brake assist, a tire pressure monitoring system, and front, side, and rear proactive occupant protection system. Powering the third-generation Audi A5 is a 2.0-liter TFSI engine delivering 196 hp and 340 Newton meters of torque. Mated to a seven-speed double-clutch automatic transmission (S Tronic) sending power to the front wheels, the four-cylinder mill allows the four-door sedan to go from zero to 100 km/h in 7.8 seconds before hitting a top speed of 246 km/h. The 2025 Audi A5 is also equipped with an S sport suspension system with electronic damper control, which offers a wider spread between the individual driving modes that can be selected via the Audi Drive Select. As for the price tag, the latest Audi A5 models start from EGP 3,375,000, Follow us on: Facebook Instagram Whatsapp Short link:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store