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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


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


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


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


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


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.


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


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, Next Phase of Corvette Class Program

Photo courtesy ADSB

Abu Dhabi Ship Building (ADSB), the leading shipbuilder and naval support services provider in the Arabian Gulf region, has commenced the next phase of its Baynunah Corvette Class pride Program constructions for the UAE Navy. The Prime Contractor has moved the second vessel from the assembly hall where it will pass through its final systems outfitting in preparation for its launching sometimes later in this year where it will go through an intensive acceptance trials prior to the final


HMAS Melbourne Makes Fifth Drug Bust

HMAS Melbournes boarding party are seen during initial discussion with a crew member of a dhow in the northern Indian Ocean. Later investigations revealed 65kg of heroin hidden in the deck of the dhow. Photo RAN

The crew of HMAS Melbourne have completed a fifth drug seizure for Operation MANITOU after seizing about 65kg of heroin from a dhow in the Indian Ocean.    The hidden drugs were discovered when Melbourne’s boarding party search of the suspect vessel during Melbourne’s last


This Day In Naval History - February 10

Crewmen firing 50 caliber machine gun on Batfish (SS-310) (U.S. Navy photo by Horace Bristol)

1862 - A flotilla under Cmdr. Stephen C. Rowan aboard USS Delaware engages the gunboats and batteries at Elizabeth City, N.C, capturing CSS Ellis and sinking CSS Seabird. 1900 - Commodore Seaton Schroder is appointed the first naval governor of Guam.


OSV Delivered to MC2 in Dubai

Photo courtesy of MC2

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in a special delivery ceremony held at Dubai Maritime City on February 10, 2016. 


HMAS Melbourne Returns

HMAS Melbourne Photo RAN

Royal Australian Navy frigate HMAS Melbourne is returning home to Australia after completing more than 50 boarding operations and seizing almost a tonne of heroin during a Middle Eastern deployment. The guided missile frigate handed over maritime security responsibilities to sister ship


Vallianz Bags US$300m Contract to Supply Two Platforms

Pic by Vallianz Holdings

 Singapore-listed Vallianz Holdings has won a contract worth up to US$300 million (S$405.51 million) to supply two self-elevating platforms to a large national oil company in the Middle East.   The contract from one of the world’s largest national oil companies involves the


ASRY Signs New UK Agent

ASRY (Arab Shipbuilding & Repair Yard), a shipyard in the Arabian Gulf, has signed a representation agreement with Shiprepairers & Shipbuilders Ltd (SRS) to exclusively market ASRY’s products, services and facilities to the U.K. shipping market.


ASRY 2015 Strategy Combats Challenging Market

ASRY Corporate Image low res WEB.jpg

Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market, particularly shipowners reduced repair budgets. In terms of revenue


Dry bulk shipping, Tankers Fall Down

Graph: Drewry Maritime Equity Research

 All stocks under Drewry Maritime Equity Research (DMER)’s dry bulk coverage were down and recorded double-digit negative returns, taking cues from vessel earnings.   The BDI shed its gain of the previous two months and nudged down 20% m/m in August led by a fall in the Capesize


Urals Weakens Further in Baltic

Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay.   In the Platts window, Statoil bought a 100,000-tonne cargo from Glencore for loadings on Oct


First Cruise Ships Dock at Abu Dhabi’s New Stopover

Luxury cruise liners―Island Sky and Seaborne Sojourn― make maiden calls at Island as part of international itinerary Credit : Abu Dhabi Ports

  Abu Dhabi Ports─the master developer, operator and manager of ports and industrial zones in the Emirate―has started welcoming cruise liners at Sir Bani Yas Island, the Arabian Gulf’s first cruise beach stopover in Abu Dhabi. Two prominent luxury cruise vessels made their maiden calls


Nakilat Damen Shipyards Qatar JV is 5

Nakilat Damen Shipyards Qatar (Courtesy Nakilat Damen Shipyards Qatar)

  On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven its capability to support Qatar’s national strategy for economic diversification.


Upgraded Al Mirfa Port Opened

Photo: Abu Dhabi Ports

Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in the Western Region, H.E. Dr Sultan Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports, officially inaugurated Al Mirfa Port in the Western Region of Abu Dhabi


Abu Dhabi Opens Upgraded AI Mirfa Port

Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, the Rulers Representative in the Western Region, H.E. Dr Sultan Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports, officially inaugurated Al Mir

   Abu Dhabi Ports – the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, recently completed extensive redevelopment work at Al Mirfa Port, upgrading its infrastructure and facilities to better serve the community.  


Drugs Seized at Sea: HMAS Melbourne Makes 4th Drug Bust

HMAS Melbourne Narcotics seizure: HMAS Melbourne is conducting Maritime security Operations under the authority of Combined Task Force (CTF) 150 in the Persian Gulf and Indian Ocean during her deployment in the Middle East Region on Operation MANITOU, Australians contribution to the US-led Combined Maritime Forces (CMF). (Copyright: Australian Department of Defence; Photographer ABS Bonny Gassner)

HMAS Melbourne personnel have completed a fourth successful drug seizure for Operation MANITOU after seizing 118kg of heroin from a fishing vessel in the Indian Ocean.   The ship’s boarding party completed a thorough search of the vessel on December 26 and discovered 118kg of drugs


Harry S Truman CSG Launches First OIR Missions

An FA-18F Super Hornet, assigned to the Jolly Rogers of Strike Fighter Squadron (VFA) 103, launches from the flight deck of the aircraft carrier USS Harry S. Truman Photo USN

   Strike aircraft from nuclear powered aircraft carrier USS Harry S. Truman (CVN 75) flew their first missions in support of Operation Inherent Resolve (OIR), the fight to destroy the ISIL terrorist organization, Dec. 29. Truman and embarked Carrier Air Wing (CVW) 7 join French






 
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