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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


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


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


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


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


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


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.  


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.  


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.


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


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


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


Lightfoot Joins ASRY’s Project Jupiter

Photo: ASRY

UK-based refrigeration experts sign agreement to be preferred onsite specialist for Military Refrigeration and HVAC systems at ASRY   ASRY, the ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Lightfoot Defence, a U.K


Optimarin Wins Sinopacific AHTS Contract

Photo: Optimarin

Ballast water treatment (BWT) specialist Optimarin is continuing its strong start to the year, with the news that its Optimarin Ballast System (OBS) has been selected for nine Sinopacific Shipbuilding Group AHTS vessels. The contract win comes on the back of a recent ten unit order from Atlantis


HMAS Melbourne Returns from M.E.

HMAS Melbourne draws alongside the wharf at Garden Island, Sydney

After five successful narcotic seizures in the Middle East and 203 days away from home, Royal Australian Navy frigate, HMAS Melbourne was welcomed back to her homeport of Sydney today.   Around one thousand family and friends joined the Minister for Defence, Senator the Hon Marise Payne


UASC Reshuffles Weekly Service

Photo: UASC

United Arab Shipping Company (UASC) has announced a new Indian Subcontinent Mediterranean Express Service (IMEX), providing its customers with optimal coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean.


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


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






 
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