Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade
The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters.FOT's expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah's very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline, said Steve Bickerton…
Port of Fujairah Receives First of Three New Tugs
In March 2015, Sanmar signed a contract with the Port of Fujairah for the construction of three 70 metric ton bollard pull RAmparts 2400SX tugs. The ceremony took place in Fujairah in the presence of His Highness Sheikh Saleh Bin Mohammed Al Sharqi, Chairman, Department of Industry and Economy, Government of Fujairah. The first vessel M/T Jabal Yabsa, which is the 16th vessel of its well proven class, has now made her way to Fujairah and begun operations. The tug measures 24.4 meters in length with a molded beam of 11.25 meters and an overall draft of 5.87 meters.
Topaz Multi-Million EPC Contract by FRCL
Fujairah Refinery Company Ltd, jointly owned by Vitol Group and the Government of Fujairah, recently awarded a multi-million dollar EPC contract to the Topaz Energy and Marine subsidiary, Nico International. The contract award relates to the Oil Terminal 2 “Users’ Line” Connection Project in the Port of Fujairah. Part of the Topaz Engineering division, Nico was awarded the contract by FRCL in competition with several regional names. The project includes construction of pipelines…
IBIA Maps Meeting Agenda
The International Bunker Industry Association (IBIA) has set out its agenda for the coming years at its annual conference, held this year from 5-8 June in Athens in conjunction with the marine credit analysis specialist, Infospectrum. In his keynote speech, IBIA chairman Chris Leigh-Jones emphasized the need for the association to build on its size, stability and standing, and engage with authorities at the highest levels on behalf of its members and the marine fuels industry as a whole. "Bunkering has many issues to address, and IBIA must be the forum in which they are addressed," he told delegates. According to Leigh-Jones, there are a number of issues in particular that the association is focusing on.
