Wilhelmsen Ships Service (WSS) has won the prestigious title of ‘Best Partner 2011 - Middle East,’ which was presented by the World Cargo Alliance (WCA) at their annual conference in Bangkok earlier this month. “We are honored to have taken this title, and I would like to extend my sincere congratulations to the maritime logistics team in the Middle East for their splendid work throughout 2011,” said Flemming Andersen, Area Logistics Manager Middle East at WSS. “Next, our ambition is not only to win the Best Partner – Middle East award, but to go for the Global Partner trophy as well.” WSS currently works with more than 2,800 independent freight forwarders in more than 600 cities and ports worldwide, enabling it to act as a truly global freight forwarder, and compete confidently with much larger multi-national logistics companies. More than 900 WCA members attended the WCA partner conference from March 4-11. WSS representatives from the Middle East, India, Norway and Pakistan participated in the event. “This is a great place to meet our peers for networking, build new business relationships and strengthening existing ties through more than 20,000 one-to-one meetings and practical workshops,” said Flemming.
Middle East contract logistics market to sustain 6.9 percent average growth to reach over USD 3.7 billion in 2015; Barloworld Logistics intensifies growth plans in Middle East, anchored on integrated smart supply chain solutions. Barloworld Logistics, a provider of logistics and supply chain management solutions, has announced that it is intensifying its growth plans in the Middle East as the region’s contract logistics services market expects to sustain a 6
AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing
Freight rates for Korea-bound VLCCs out of the Middle East joined those for Japan in hitting W50 by Sept. 3, brokers said. At least one fixture of W50 was reported for Korea, up from around W47.5 earlier in the week as the Middle East VLCC market strengthened. Some 70 vessels of around 21 million tons were potentially available in the area in the next month, but a shortage of modern tonnage for September liftings suggested rates could strengthen further
A resumption in Middle East oil exports to the U.S. is required to drag VLCC tanker rates off the floor, shipping brokers said. A late start to seasonal westbound oil shipments from the Middle East is making tanker brokers ask when relief will arrive. VLCC tanker rates out of the Middle East have nose-dived again in the last two weeks due to a lack of activity, to around W42 east (around $4 per ton) and west (about $7.00 per ton).
Global Industries, Ltd. announced that it has appointed three to vice presidential positions. Eddie J. Evans has been named to the position of Vice President - Health and Safety. This new position reflects the importance Global places on safety in the workplace and its integral role in Global's success. Mr. Evans joined Global in January 1998 as Corporate Director of Safety responsible for all safety and health measures worldwide. He came to Global from J. Ray
U.S. oil markets stayed on high alert Friday as traders watched for signs of further escalation in the Middle East's political crisis and of possible impact on tight oil supplies. Rising regional violence pushed crude oil prices up three dollars on Thursday as fears of a cut in Middle East oil flows at a time played on concern that the U.S. is heading into winter with a big deficit in heating fuel. November crude on the New York Mercantile Exchange eased 56 cents to $35
While the world is in the grip of an economic slowdown, the Arabian Gulf remains a dynamic growth centre for ship building and repair, said a maritime industry observer. “The region is one of the busiest commercial maritime hubs with the United Arab Emirates, Saudi Arabia, Oman and Qatar having major ports and shipyards with more being built,” said Christopher Hayman, Chairman of Seatrade, organisers of the region's premier event focused on workboats to be held in Abu Dhabi
Iraq has become a key concern for Gulf shippers, the Middle East Newsline reported. Industry sources said maritime security marked a major element in Iraqi reconstruction. They said shippers have monitored the safety of Iraqi ports and water lanes for piracy, organized crime and insurgents. According to experts, oil exports currently provide Iraq with the life-blood of its reconstruction efforts, without which the country's ability to build and regenerate will be greatly hampered
Drydocks World, a ship repair, conversion and new building yard, announced the establishment of its representative office in Abu Dhabi. Hamed Mohammed Bin Lahej, - Drydocks World Executive Vice Chairman and Regional CEO for the Middle East, Asia and Africa, inaugurated the office. He said, “The UAE capital offers great potential for our line of business. Setting up a representative office in Abu Dhabi will help address the increasing needs of the rapidly developing city and the
The chief executive of energy services company Proserv has been named Ernst & Young Scotland Entrepreneur of the Year 2013. Judges praised David Lamont for molding “a phenomenal business of a truly global nature” in overseeing a 25% year-on-year growth during his two years at
Harkand, the international subsea inspection, repair, maintenance and light construction group, has appointed Deborah Stevenson as the company’s new chief financial officer. A former CFO of both private equity-backed and FTSE 250 businesses in engineering and asset rich companies
Drydocks World & Maritime World, a provider of services to the international marine and maritime industry, announced that the Mare Forum Shipping Summit will be held in 2014 in Dubai, UAE. The event which will be attended by leaders of both the regional and international industry will be
In its latest report, Global Contract Logistics 2013, Transport Intelligence (TI) found the global contract logistics market grew by 3.4% in 2012 to €159.35 billionn. However this figure hides an increasing divergence in the performance of regional markets
GL Noble Denton's contribution to developing and implementing safety regulations in hydrocarbon-rich countries has been recognized at the UK Gas Industry Awards. The independent technical advisor won the International Business Development category at a ceremony held in London recently
Minister for Defense Stephen Smith today welcomed HMAS Toowoomba home from a six-month deployment to the Middle East Area of Operations (MEAO). Minister Smith greeted the crew at her homeport Fleet Base West (HMAS Stirling), Rockingham, Western Australia.
Maersk Line has announced it will implement container General Rate Increases on its Transatlantic & Asia/US routes as follows: With effect from July 1, 2013, the Transatlantic trade between North Europe and North America will be increased by US$200 per dry container.
Statistics suggest an industry shift to permanent positions accompanied by inflation in packages worldwide as recruiters attempt to stem the global skills gap. OilCareers.com announced that it has seen a significant rise in the amount of roles offered by recruiters in relation to unconventional
Jee Ltd., an independent multi-discipline subsea engineering and training company, has appointed Nigel Ross as Business Development Director. Based in the company’s Aberdeen office, Mr. Ross will be responsible for ensuring the business continues to meets its ongoing strategy for
Offshore energy services provider Jaya Holdings Ltd. announced that the Group has signed contracts for three of its four newbuild platform supply vessels (PSVs) ahead of their delivery dates from the shipyard. The total value of these three contracts is more than $60 million
A/S Dan-Bunkering Ltd., has per June 1, 2013 employed Carsten Ladekjær as Head of Operations Europe/Asia & Senior Vice President. Carsten will be situated at the company’s headquarter in Middelfart, Denmark, but will manage the overall operational responsibility of several of the
With seasonally weak demand in the second quarter, the short-term view for freight rates does not look positive finds Drewry. Global oil demand declined by 1.0% in the first quarter of the year to 89.9 million bpd, although some recovery in demand is likely in the second half of the year based
OW Bunker, suppliers and traders of marine fuel oil and lubricants, announce the appointment of Eric Hu as a new Branch Manager in its Hong Kong office. Mr. Hu previously spent two years as Market Manager for China/H.K. and ARA (Europe) at Brightoil Petroleum (Singapore) Pte Ltd
The AdvanFort Company signed on Axel Tuetken, the former country president in Tokyo for Maersk Line and Safmarine, as its business development director in Northern Europe, AdvanFort President William H. Watson said. From Toyko, Tuetken supervised offices in Osaka, Kobe, Yokohama, and Nagoya
Sembcorp Marine's PPL Shipyard secures US$220.5-million contract to construct a jack-up rig for Bot Lease Co. BOT Lease Co., Ltd. is a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group. The contract price is US$220