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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.


ASRY in Maritime Deal with Relay

Relay & ASRY signs service agreement to provide direct services to vessels

  UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors. ASRY, the leading ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Relay Engineering Limited, a specialist engineering company based in the UK, to offer its expertise in electrical, mechanical and constructive engineering directly to ASRY’s customers from a dedicated


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


Mine Detection Robot Performs in Bahrain

(Photo: Northrop Grumman)

As the demand for naval technology rapidly escalates globally, the Middle East remains a hotspot for investment and innovation. To this end, Northrop Grumman Corporation (NYSE: NOC), in support of U.S. Naval Forces Central Command in Manama, Bahrain, announced the successful demonstration of an unmanned mine-hunting mission. In the demonstration, the Mine Hunting Unmanned Surface Vehicle (MHU) was used in tandem with Northrop Grumman's AQS-24A Mine Detecting Sensor System in the Arabian Gulf


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


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


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.


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.


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


Libyan Deal to End Oil Ports Blockade Needs Signing

Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement for exports to resume.   The PFG has been demanding payment of workers' wages as part of any


Tighe Takes Charge of Information Warfare, Naval Intelligence

Official photo of Vice Admiral Jan Tighe, Deputy Chief of Naval Operations for Information WarfareDirector of Naval Intelligence. (U.S. Navy photoReleased)

Vice Adm. Jan Tighe assumed the duties of the Deputy Chief of Naval Operations (DCNO) for Information Warfare (N2N6) and Director of Naval Intelligence (DNI) July 15 at the Pentagon. Tighe succeeded Vice Adm. Ted N. "Twig" Branch


Neptune Lines Appoints Agent in Arabian Gulf

Photo: ISS

Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Lines’ new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar.   As agents for Neptune Lines in these three countries


Ex-USS Taylor Towed to Charleston for Conversion

Ex-USS Taylor was towed from Philadelphia to Charleston by Crowley’s Invader class tug Monitor (Photo: Crowley)

Ex-USS Taylor (FFG-50) was towed from Philadelphia Naval Shipyard to Detyens Shipyard in Charleston, S.C. where the vessel will be converted in preparation for delivery to the Taiwanese government as part of the U.S.’ foreign military sales program.  


Monjasa DMCC Awarded Best Maritime Company

Photo: Monjasa Group

 Managing Director for Monjasa DMCC, Mikkel Jacobsen, proudly received the Dubai Multi Commodities Centre (DMCC) Award for Best Maritime Company 2016.    The DMCC counts +12,000 leading businesses in Dubai and the judging panel emphasised several years of successful growth and


Damen Sharjah wins Best Yard Award

Presenting the Best New Building Yard Award Courtesy Damen

On 29 May at the presentation ceremony for the International Maritime Awards, held at the two-day Shiptek 2016 conference in Dubai, Damen Shipyards Sharjah (DSSh) received the prize for Best New Building Yard. The trophy was accepted at the ceremony by DSSh managing director Lars Seistrup.


ASRY Launches Bahrain Coast Guard Landing Craft

Photo: ASRY

ASRY has launched a new Landing Craft being constructed for the Bahrain Coast Guard (BCG), marking the latest checkpoint for the fully Bahrain-based project. The launch took place at ASRY in the Arabian Gulf in the presence of BCG Brigadier Ala Abdulla Seyadi


Atlantic Navigation Bags Ten Vessel Charters

Pic: Atlantic Navigation Holdings

 The Middle-East-focused marine logistics services provider Atlantic Navigation Holdings (Singapore) Limited has won long term charters for 10 OSVs with a combined value of around $236m from a Middle Eastern national oil company.  


McDermott Wins Contract in Arabian Gulf

Image: McDermott International Inc

 McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields.   The EPCI contracts were given by a major national oil company;  In addition to this


New CEO at GulfNav Leads Expansion Plans

From right to left: Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member of Gulf Navigation (Photo: Gulf Navigation)

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has announced in a press conference at Rose Rayhaan by Rotana April 19 its expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Khamis Juma Buamim


GulfNav Unveils Expansion Plans

From right to left Mr. Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member Photo Gulf Navigation

Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016), its key expansion plans to increase its assets under management and service-based revenue.


VLCC Segment Shows Modest Growth

Graph:  Poten & Partners.

 In the Very Large Crude Carriers (VLCC) segment, which showed modest growth in overall volume from 2014 to 2015, the main changes were concentrated in the eastern hemisphere, says a report by Tanker Research & Consulting department at Poten & Partners.  


Ship Industry to Benefit from AkzoNobel's Revolutionary Antifouling

Image: AkzoNobel

 Ship owners and operators can now benefit from improvements in operational, cost and environmental efficiencies thanks to the latest antifouling developed by AkzoNobel, which is set to revolutionize the biocidal coatings market, the manufacturer said.  


MISC, AET Fleets Merger

Photo: MISC

International energy logistics group MISC Berhad announced that it is to merge its chemical fleet with the clean petroleum products (CPP) fleet operated by its wholly owned petroleum subsidiary, AET.   Under the new arrangement, AET will take over the 13 chemical vessels and one LPG tanker


UASC Rolls out Indian Service

Photo: United Arab Shipping Company (UASC)

 United Arab Shipping Company (UASC) has launched a new Indian Subcontinent Mediterranean Express Service (IMEX) on 26 February, offering coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean.   This new, fixed–day






 
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