Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Outside Oil News

03 Apr 2018

Abu Dhabi Ports, EGA Open Freight Station at Khalifa Port

Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, and Abu Dhabi Ports have opened a facility which will reduce trucking of EGA’s aluminium within Khalifa Industrial Zone Abu Dhabi (KIZAD) by over 290,000 kilometres per year, reducing costs and environmental emissions. The new container freight station will be used to load metal into containers for transfer onto ships for export. It has been purpose built by Abu Dhabi Ports close to EGA’s Al Taweelah site to reduce the trucking distance for each consignment by approximately 17 kilometres. Last year EGA shipped some 600,000 tonnes of aluminium from Khalifa Port, requiring over 17,000 truck movements from EGA’s site to the quayside.

10 Dec 2017

Khalifa Port to Handle World's Largest Ships

Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw materials through Khalifa Port. With this agreement, Abu Dhabi Ports will be able to develop the port to become the first in the Gulf capable of directly handling these massive ships. Abu Dhabi Ports will fund and complete dredging and widening works to the Khalifa Port approach channel and basin including EGA’s berth. The dredging will deepen the channel to 18.5 metres and basin to 18.0 metres basis zero tide. EGA plans to use large dry bulk ships to import raw materials without the need to transfer all or some of the cargo to smaller vessels outside the port…

09 Oct 2015

Shell Want Shipper Guarantees on Nigerian Crude Exports

Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a "letter of comfort" (LoC) to guarantee it is not stolen, according to an email from the company seen by Reuters. In July, state-run Nigerian National Petroleum Corp (NNPC) banned more than 100 tankers from Nigeria's waters, citing a directive from President Muhammadu Buhari, who wants to trace and recover what he calls "mind-boggling" sums stolen from the oil sector. Last month, the NNPC lifted the ban but asked ship owners to sign a letter of comfort to "guarantee to indemnify" it against any illicit use of their vessel. This led some owners to reject pending bookings.

08 May 2014

Norway's Offshore Energy Boom Tailing Off

Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model. High spending within the sector has pushed up wages and other costs to unsustainable levels, not just for the oil and gas industry but for all sectors, and that is now acting as a drag on further energy investment. Norwegian firms outside oil have struggled to pick up the slack in what has been, for at least a decade, almost a single-track economy. How Norway handles this "curse of oil" - huge wealth that bring unhealthy dependency in its train - may hold lessons across the North Sea in Scotland…