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.
Global freight management company, Geodis Wilson, said it plans to continue growing its Middle East network and has announced the appointment of Sascha Geiken as new Cluster Managing Director for the Middle East region. Sascha Geiken joined Geodis Wilson in 2009 as Managing Director of Geodis Wilson United Arab Emirates. In his new position as Cluster Managing Director, he will be responsible UAE, Qatar, Saudi Arabia and Bahrain.
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).
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
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
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
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
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
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
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
The engineering and technology group SENER has opened a division in India with offices in New Delhi, Bengaluru and Chennai. This new geographical location responds to SENER’s globalization strategy and follows the development of previous engineering and construction projects in the country
Dr Robin Bidwell CBE has been appointed as LOC Group chairman informs the London-headquartered international marine and engineering consultancy and survey company. LOC add that for 35 years, Dr Bidwell built and led Environmental Resources Management (ERM) the global environmental advisory firm
Reuters - Greece launched an international tender on Monday for a study to assess the feasibility of a proposed pipeline to transmit gas from Israel and Cyprus in an effort to reduce dependence on Russian supplies. The Eastern Mediterranean Pipeline is designed to initially carry 8 billion
Power and automation technology group, ABB, informs it has won three orders worth $60 million for internal and external telecommunication systems for three Statoil projects on the Norwegian Continental Shelf. The three contracts have been signed with leading shipyards in South Korea
Krishnapatnam Port Container Terminal (KPCT) has sailed in to a new frontier with the addition of Bengal Tiger Line’s (BTL) new Colombo feeder service (BOX-2) from KPCT. This new fixed day weekly service has a port rotation of Colombo - KPCT - Chennai and had its maiden call on
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million (USD) from new customer Fecon International Corp. (Fecon).
Globe Express Services (GES), one of the world’s top 100 global logistics providers, has announced that its gross revenue for its UAE operations in 2013 has increased by 27 percent compared to 2012. Profit was buoyed by the rapid growth of, and positive outlook on
Fendercare Marine Middle East celebrate the official opening of their new regional Head Office in Sharjah with an official event to celebrate at The Address, Dubai Mall before the invited guests – including customers, local dignitaries and staff from the Fendercare Marine global locations -
The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park.
Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd. for $495.96 million in cash to expand its international portfolio. Mermaid Marine
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa
Singapore's Swiber Holdings, a construction and support services provider to the offshore oil and gas industry, reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013.
By Manash Goswami, Reuters Brent crude futures slipped on Friday below $109 a barrel on expectations demand growth will slow as severe winter weather eases, with supply worries keeping the losses in check for now. A severe winter chill in the United States and Europe and supply disruption
Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, indicating that ocean carriers need to seek economies of scale and to look for more profitable ways of serving the trade lane, finds Drewry's latest Container Insight Weekly in a trade route analysis
By Jonathan Saul, Reuters Crude oil tanker earnings on the major Middle East route fell on Tuesday as a build up of vessels available for hire weighed on rate sentiment. Shipping markets continued to monitor developments in Ukraine after Russia sent military forces into the Crimea region of