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Arabian Gulf

Despite Rising US Production, Saudi Crude Still Flows In

Saudi crude & the US market: Chart courtesy of Poten & Partners

Reported spot market activity from the Arabian Gulf remains on an upward trend since 2010 in spite of rising US crude production, reports Poten & Partners’ in their latest ‘Tanker Opinions’. Over the past few years US domestic crude oil production has supplanted foreign crude oil imports. To the extent that they possibly can, domestic refiners have shifted to local grades that have trended at an often significant price discount. Interestingly, however, fixture activity on the Arabian Gulf to US Gulf trade route remains robust. In efforts to remain competitive, Saudi Arabia has priced US-bound crude oil at a discount compared to prices posted to Asian customers. The chart (pictured) represents total reported spot fixture volume from the Arabian Gulf to the US Gulf. Citing information from EIA, Poten reports that Saudi Arabian exports to the US have followed a general upward trend since 2010. The drop in imports during the February to March time period appears to coincide with the refinery turnaround window in the US Gulf; normally between February and March. Crude inventory levels remain high in the US Gulf which has left the region short on spare storage. It remains to be seen if exports from Saudi Arabia continue to follow this trend, but for the time being, demand seems stable for its crude in the US Gulf. If the US imports start to decline, demand could soften in the VLCC tanker segment as tankers make shorter voyages to the Far East.


Navy's Efforts Focus on A-P Region & Arabian Gulf Says CNO

ADM Greenert at the Hearing: USN Photo

By operating from forward locations, the Navy and Marine Corps provide President Barack Obama with options to deal promptly with global contingencies, Navy Adm. Jonathan W. Greenert, the chief of naval operations (CNO) explained during a hearing of the House Appropriations Committee's defense sub-committee, adding that Marine Corps Commandant Gen. James F. Amos is "a great shipmate." "As we conclude over a decade of wars and bring our ground forces home from extended


Crew Boats Building in Dubai

Following the success of the Friah 1 and Friah 2, delivered in 2004, Arabian Gulf Mechanical & Contracting Ltd. has placed an order for three sisterships. The builder, Grandweld of Dubai, has delivered Friah 3 and is currently building Friah 4 and Friah 5. The boats will be 30.5 m overall with a waterline length of 27.12 m and a 6.4-m beam. Each vessel will have a net weight of 107 tons and 25 ton cargo capacity. Open cargo deck area is 65 sq. m


United Defense Shipyard Wins Ship Repair Contract

United Defense Industries, Inc. announced today the U.S. Navy's award to Southwest Marine (SWM) of the advanced planning segment of the contract for dry docking and pier side work on the USS LAKE CHAMPLAIN (CG-57), a Ticonderoga-class Aegis cruiser home-ported in San Diego. Southwest Marine is a member of United States Marine Repair, Inc. (USMR), which was acquired by United Defense last month. The advanced planning segment of the contract is valued at $518,484


Keppel FELS Completes Singaporean Project

It also delivers another jackup rig, WilBoss, ahead of schedule Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed the construction of its second jackup drilling rig for Gulf Drilling International Ltd (GDI), a joint venture between Qatar Petroleum (QP) and Japan Drilling Co., Ltd. (JDC). At a ceremony on 26 January 2008, the rig was named Al-Zubarah, after one of Qatar’s very important economic centres


ADSB and RR Set up Waterjet Support Service Center in Abu Dhabi

William Saltzer, ADSB’s Chief Executive Officer and Esa Uotinen, RR General Manager (Middle East) sign the Co-operation Agreement.

and Rolls-Royce Marine Middle East announced an agreement to set up a Waterjet Center of Excellence in to provide support services to its customers in the Arabian Gulf Region. ADSB is the only naval shipyard in the , providing both build and support services for all Gulf Co-operation Council (GCC) naval vessels. Rolls-Royce will work with ADSB to offer services such as training, maintenance, repairs and overhauls, spare parts and service contracts for waterjet customers


Hatsu Marine Another Vessel to Fleet

Evergreen Shipyard Corp in Nagasaki, Japan, has launched the U.K.-flag 1,618-TEU Hatsu Prima which, on delivery, will be the seventh ship in the fleet of the Evergreen Group's affiliate, Hatsu Marine Ltd. The first five Hatsu vessels were all 6,332-TEU E-type container vessels, the last of which was Hatsu Ethic, delivered in January 2003. The sixth was Hatsu Pride, delivered towards the end of the same month.


Today in U.S. Naval History: September 23

Captain John Paul Jones (photo: Naval History and Heritage Command)

Today in U.S. Naval History - September 23 1779 - Captain John Paul Jones in Continental Navy frigate Bonhomme Richard captures HMS Serapis. 1931 - Lt. Alfred Pride pilots Navy's first rotary wing aircraft, XOP-1 autogiro, in landings and takeoffs on board USS Langley while underway. 1944 - Naval Task Group lands Army troops on Ulithi Atoll, Caroline Islands 1944 - USS West Virginia (BB-48) reaches Pearl Harbor and rejoins the Pacific Fleet


Unique System Wins Two-year NPCC Contract

Photo: Unique System FZE

Unique System FZE, a Unique Maritime Group company, an integrated turnkey subsea and offshore solutions provider, has been awarded a two-year service contract by The National Petroleum Construction Company (NPCC). Established in April 1973, the NPCC is a construction company which provides clients total engineering, procurement and construction (EPC) services in the development of offshore and onshore oil and gas fields for the Arabian Gulf and the regional markets.


Libya's Hariga Port Still Closed by Protesting Guards

Libya's eastern-most oil export terminal, Hariga, was still closed on Friday by protesting oil guards waiting for their salaries to be transferred, a spokesman for the operating company said on Friday. Hariga is run by the Arabian Gulf Oil Company, a state-owned subsidiary of National Oil Corp (NOC). The spokesman said that funds to cover the salaries had been transferred by the Ministry of Finance to NOC, but still needed to be transferred to the Petroleum Facilities Guards for


Saipem Awarded New Drilling Contracts of $850 mi

Logo - header

Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet.


ASRY Targets Navy Market

Navy-Story-Credit ASRY

  ASRY, the leading ship and rig repair yard in the Arabian Gulf, has launched a new department dedicated to military projects called the Navy Defence and Industrial Projects (NDIP) Department. The specialised team, headed by Anthony Haile


Increased Oil Storage Plays: Analysis

Reported VLCC & Suezmax Fixtures into South Africa: Image courtesy of Poten & Partners

During the last few days, various articles in the oil and shipping press have hinted at the possibility that renewed contango in the oil markets could lead to increased storage plays after several Suezmaxes were fixed for discharge in Saldanha Bay, South Africa


USCG Small Boat Fires Warning Shot at Iranian Vessel

Cutter Monomoy: Photo USN

A U.S. Coast Guard boat operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, informs the US Department of Defense


Libya's NOC Keeps Force Majeure in Place at Eastern Oil Ports

Libya's National Oil Corp (NOC) has yet to lift force majeure at the eastern ports of Zueitina and Hariga following a deal with federalist rebels to reopen them after a nine-month blockade, an oil ministry official said on Tuesday. "Force majeure is still in place, it has not been lifted


Aage Hempel to Equip 10 New PSVs

Photo courtesy of Aage Hempel

Aage Hempel, a company in worldwide merchant marine electronic service and focused on 24/7 maritime sales and service, signs agreement for the delivery of navigation and communication equipment included Integrated Bridge System from Kelvin Hughes with Shipyard De Hoop in Lobith


First Crude Lifting in 9 months at Libya's port of Hariga

A tanker has started loading crude at Libya's eastern port of Hariga for the first time in nearly nine months, after a federalist group agreed to re-open it last week, a state oil company official said on Wednesday. The tanker Aegean Dignity arrived at the port on Tuesday.


Australian Navy Assists French Fishing Vessel

Photo: Sarah Williams, RAN

While patrolling in the Indian Ocean off the coast of Africa, Royal Australian Navy ship HMAS Darwin provided emergency medical assistance for a heart attack victim on a French fishing vessel. The French Fishing Vessel (FV) Cape Saint Vincent called for assistance late on the night of April 10


Australian Warship Bags Record Heroin Haul

Drugs haul: Photo RAN

On the eve of Anzac Day commemorations, Royal Australian Navy (RAN) frigate 'HMAS Darwin' seized and destroyed more than one tonne of heroin. The record 1032 kilograms of heroin was discovered on board a dhow in the Indian Ocean, approximately 27 nautical miles east of Mombasa, Kenya.


Australian Navy Seizes $268mln in Heroin

An Australian warship patrolling the Indian Ocean has seized more than a tonne of heroin worth A$289 million ($268 million) from a dhow in Kenyan waters, Australia's Defense Department said on Friday. The frigate, HMAS Darwin, intercepted the vessel on Wednesday night 27 nautical miles east off


Seven Seas Launches New Facility at ASRY

ASRY Chief Executive Nils Kristian Berge and Seven Seas Chairman Freddy Sidhwa inaugurate the new facility (Courtesy ASRY)

ASRY, a ship and rig repair yard in the Arabian Gulf, has welcomed a new dedicated living quarters outfitter and HVAC facility operated by UAE-based Seven Seas within the yard. The facility includes a metal fabrication workshop, a carpentry workshop, offices and stores


US Gulf Coast Crude Oil Import Shake-up: Analysis

VLCC File photo

The increase in domestic crude oil production is widely reported to have flipped US import requirements on their heads. While this holds true for light/sweet crude oil producers, there appears to be even more dependence on heavier/sourer crude oil suppliers in spite of the shale oil boom


SECNAV Orders Amphibious Transport Dock Ship to Gulf

USS Mesa Verde: Photo USN

Defense Secretary Chuck Hagel today ordered the amphibious transport dock ship 'USS Mesa Verde' into the Arabian Gulf, Pentagon Press Secretary Navy Rear Adm. John Kirby said.
 The ship has completed its transit through the Strait of Hormuz, the admiral said in a statement.


Versatility is the Key for ASV Pioneer

ASV Pioneer (Photo courtesy of the Ferguson Group)

The Ferguson Group, a provider of offshore containers, baskets, tanks, offshore accommodation and workspaces, launched the fully classed ABS +A1 barge ASV Pioneer in 2011. The group said ASV Pioneer is able to meet the needs of offshore oil, gas and renewables


GDI Awards N-KOM US$110-M Contracts

GDI N-KOM contract principals: Photo courtesy of N-KOM

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s






 
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