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GULF SHIP

Gulf Energy Maritime Takes Delivery of Tanker

Gulf Energy Maritime has taken delivery of the second of 13 double-hulled tankers on order with Korea’s Hyundai Mipo Dockyard (HMD) in less than three months. The $57m Gulf Elan is the eighth double-hulled tanker in GEM’s growing fleet. The company is to receive another 11 of the total order book of 13 ships valued at $590 million by 2009 end. The ship was named by lady sponsor Jane Slemeck, wife of Mark Slemeck, managing director of Kingfish Services Ltd., London-based operators for IPC/Itochu Petroleum which has time chartered the ship for one year. Gulf Elan will follow the trading path of its sister ship, Gulf Esprit, delivered to GEM last November, by going into time charter with Oman Methanol Company, a subsidiary of Oman’s giant Omzest Group, on a 15-year deal. In response to global demand for methanol carriers, GEM in a 75-25 percent partnership with WAROZ Holding Company Limited, an OMZEST subsidiary, had specially ordered the two IMO-III, N2 type 47,000 dwt ships to supply product transportation for its $400m Sohar methanol plant.


Harvey Gulf Acquires Shipbuilding Assets

Gulf Coast Shipyard (Photo: HGIM)

Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group   Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, the company announced today. Harvey Shipyard Group is acquiring Gulf Coast Shipyard (Gulfport, Miss.) and Trinity Yachts (New Orleans, La.).   HGIM Chairman and CEO Shane J


First Tanker Fixed For Next Phase Of Oil For Food Deal

The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers. The Panamanian-registered VLCC Kristhild has been fixed to Russian trader Ursa to sail from the Gulf port of Mina al-Bakr to the U.S. Gulf, provided the United Nations and Iraq reach an accord to continue exports beyond Nov. 20. The 258


BOXESG Enters 7th Fleet: Sets Course for Home

USS Boxer (LHD 4) and ships assigned to Boxer Expeditionary Strike Group (BOXESG) steam alongside while transiting to U.S. 5th Fleet's area of responsibility. 5th Fleet, headquartered in Manama, Bahrain, is responsible for a sea encompassing about 2.5 million square miles of water including the Persian Gulf, Arabian Sea, Red Sea, Gulf of Aden, Gulf of Oman, and parts of the Indian Ocean. U.S. Navy photo by Mass Communication Specialist Seaman Paul Polach


Fog May Pose Threat to Gulf Coast Shipping

Fog, which has shrouded parts of the U.S. Gulf of Mexico coast in recent weeks, could remain an intermittent threat to shipping and crude oil imports through April, according to a government meteorologist. In February, March and April sea fogs can form quickly along the Gulf coast as warm moist air heading in from the Gulf hits cooler coastal waters, causing the moisture to condense. “All of a sudden it’s like you drive into a brick wall and the visibility goes down to a sixteenth of a


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 as the new Board Member, Managing Director and Group CEO by the Board of Directors during the event.   Chairman Abdulla Saeed Abdulla Brook Al Hemeiri


Mediterranean Shipping General Rate Increase

Mediterranean Shipping Company announced a General Rate Increase that will affect westbound freight moving from the USA to Asia effective January 1, 2010. All commodities including exempt (exception reefer) US west coast port/port    : $200/40 ft and $150/20 ft Originating from intermodal points & moving through/via US west coast ports: $200/40 ft and $150/20 ft US east coast and gulf port/port: $200/40 ft and $150/20 ft


Pirates Low Profile in Monsoon Season

NATO Shipping Centre promulgates its latest weekly piracy assessment for the 'High Risk Area' During the reporting period 7 – 13, June 2012, the number of piracy incidents in the High Risk Area (HRA) has remained low, with no incidents reported. Due to the South-West monsoon between June and September, sea conditions in the HRA are expected to be generally unfavourable for small boats. Pirate Activity Groups (PAG) will likely continue to focus their limited efforts in the Northern


Warships Protect Drifting Tanker in Pirate Waters

New Dehli Express Stern.JPG

WHILE Royal Navy ships protect the London Olympics others have rushed to prevent a pirate attack in the Middle East. The minehunters HMS Middleton and HMS Pembroke were in the Gulf of Aden on their way home when they received a distress call from the MV New Delhi Express on July 27th. The 40,000-tonne merchant ship, laden with valuable containers, contacted HMS Middleton to say she was 12 miles to the south west and had suffered an engine failure


MASTECH Sharjah Conference 2013

Industry rofessionals will confer at ‘MASTECH 2013’ on naval architecture, shipbuilding, oil & gas during the Gulf Maritime Trade Fair in UAE. For the second consecutive edition, MAST the Middle East Alumni of Ship Technology and Expo Centre Sharjah, have entered into an agreement to organize the MASTECH conference at Expo Centre Sharjah during the Gulf Maritime 2013 trade fair. MASTECH is organized by MAST an alumni association of naval architects graduated from the


Marine Jet Power, Horizon Ink Sales & Service Pact

Logo: Marine Jet Power, Inc.

Marine Jet Power, Inc. (MJP) and Horizon Shipbuilding, Inc. (Horizon) announced that they have signed an agreement for Horizon to become the newest sales and service provider in the Gulf of Mexico.   The Master Sales and Service Agreement names Horizon as an authorized retailer and service


India Takes Steps to Counter Piracy

Minister of State for Shipping and Road Transport and Highways Pon. Radhakrishnan. Photo: PIB

 The Government has taken steps as part of various preventive/mitigating security measures to deal with sea-piracy, Minister of State for Shipping and Road Transport and Highways Pon. Radhakrishnan stated.   An Inter-Ministerial Group (IMGO) has been set up by the Government under the


Iran's Chabahar Port Signs Pact with India Ports Global

Chabahar Port. Photo: Ports & Maritime Organization Iran

 India Ports Global has signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar - Shahid -Beheshti Port in Iran for transportation of goods and other purposes.   "As per Article 6 of the contract


Modern VLCC Rates Under Pressure

File Image (CREDIT: AdobeStock / (c) Carabay)

Rates fall back after climbing earlier in the week. Overcapacity, OPEC cuts, little scrapping, summer lull weigh on market.   Owners of modern very large crude carriers (VLCCs) could see a gain in charter rates amid tightening vessel supply but freight rates


Yildirim to Sell its Stake in CMA CGM

Photo: Yildirim Holdings AS

 Turkish port operator Yildirim Holdings AS has announced plans to sell its 24 percent stake in the French shipping major CMA CGM, Bloomberg reported.   The company mandated China Citic Bank Corp. to find investors from Asia or the Persian Gulf for its interest in the world’s


Conrad Shipyard Founder Parker Conrad Passed Away

John Parker Conrad, Sr. (Photo courtesy of Conrad Shipyard)

John Parker Conrad, Sr., founder of Conrad Shipyard, died peacefully on July 6 surrounded by family and friends at his home in Morgan City, La. He was 101 years old.   A shipbuilding pioneer and a legend along the Gulf of Mexico coast and beyond, Parker founded Conrad Industries in 1948


Alexandria is Bahri’s New Direct Port Call in Egypt

The Egyptian city will be Bahri Logistics’ third direct port call in the country after Suez and Port Said. Photo: Bahri Logistics

 Bahri Logistics, one of the top 10 breakbulk carriers in the world and one of the six business units within Bahri, has added Alexandria to its portfolio of ports in Egypt.    The addition of Alexandria will enable Bahri to offer breakbulk and ro/ro transportation service on its


Gulf Navigation Issuing $250 million in Bonds by September

Dubai's Gulf Navigation Holding , a listed shipping firm, plans to issue $250 million in sukuk, or Islamic bonds, in late August or early September, the group's chief executive said on Monday.   The company has appointed First Abu Dhabi Bank to lead the transaction


HMAS Arunta Departs the Middle East to Australia

HMAS Aruntas S70-B Helicopter (Skeletor) lands onboard during a patrol in the Middle East region. Photo: Royal Australian Navy

 Royal Australian Navy frigate HMAS Arunta is returning home to Australia after completing the longest Middle Eastern deployment by a Navy vessel since 1990.   Arunta concluded its assignment to Joint Task Force 633 as part of Operation MANITOU and handed over responsibility to HMAS


Shell Exercises FPSO Turritella Purchase Option

FPSO Turritella (Photo: SBM Offshore)

Shell E&P Offshore Services B.V. will exercise its right under the charter agreement to purchase the floating production storage and offloading vessel (FPSO) Turritella, enabling a Shell affiliate to assume operatorship of the Gulf of Mexico ultra-deepwater Stones development in its entirety.


APM Terminals Mumbai Adds New Arabian Gulf/Mediterranean Direct Service

Photo: APM Terminals Mumbai

 French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai.    The service, linking South Asia with ports in the Arabian Gulf and Mediterranean


Qatar to Maintain Dominance in Global LNG Market

Photo: Qatargas Operating Company Limited

 Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.   A report in The Penisula quoting QNB said that Qatar currently accounts for 30


HMAS Arunta Returns Home

HMAS Aruntas crew lines the deck in Procedure Alpha as the ship returns to her home port of Fleet Base West, Rockingham after completing a nine-month deployment to Operation MANITOU. Photo: Royal Australian Navy

 HMAS Arunta has sailed into her home port of Fleet Base West in Rockingham, Western Australia, after completing the longest Middle Eastern deployment of an Australian Navy vessel since the first Gulf War.   Senator for Western Australia, Linda Reynolds; Commander Australian Fleet


Merchant Ship Collides with UAE Navy Vessel

A merchant ship collided with a United Arab Emirates navy boat as it was taking part in a routine mission off UAE territorial waters in the Gulf on Tuesday, the UAE armed forces said. There were no casualties in the incident and "other damage is being evaluated"


US Navy Ship Fires Warning Shots near Iranian Vessel

A U.S. Navy ship fired warning shots when an Iranian vessel in the Gulf came within 150 yards (137 meters) on Tuesday in the first such incident since President Donald Trump took office in January, U.S. officials said.   The last major incident was earlier in January






 
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