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Arabian Gulf

Despite Rising US Production, Saudi Crude Still Flows In

Saudi crude & the US market: Chart courtesy of Poten & Partners

Reported spot market activity from the Arabian Gulf remains on an upward trend since 2010 in spite of rising US crude production, reports Poten & Partners’ in their latest ‘Tanker Opinions’. Over the past few years US domestic crude oil production has supplanted foreign crude oil imports. To the extent that they possibly can, domestic refiners have shifted to local grades that have trended at an often significant price discount. Interestingly, however, fixture activity on the Arabian Gulf to US Gulf trade route remains robust. In efforts to remain competitive, Saudi Arabia has priced US-bound crude oil at a discount compared to prices posted to Asian customers. The chart (pictured) represents total reported spot fixture volume from the Arabian Gulf to the US Gulf. Citing information from EIA, Poten reports that Saudi Arabian exports to the US have followed a general upward trend since 2010. The drop in imports during the February to March time period appears to coincide with the refinery turnaround window in the US Gulf; normally between February and March. Crude inventory levels remain high in the US Gulf which has left the region short on spare storage. It remains to be seen if exports from Saudi Arabia continue to follow this trend, but for the time being, demand seems stable for its crude in the US Gulf. If the US imports start to decline, demand could soften in the VLCC tanker segment as tankers make shorter voyages to the Far East.


ASRY in Maritime Deal with Relay

Relay & ASRY signs service agreement to provide direct services to vessels

  UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors. ASRY, the leading ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Relay Engineering Limited, a specialist engineering company based in the UK, to offer its expertise in electrical, mechanical and constructive engineering directly to ASRY’s customers from a dedicated


Keppel FELS Completes Singaporean Project

It also delivers another jackup rig, WilBoss, ahead of schedule Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed the construction of its second jackup drilling rig for Gulf Drilling International Ltd (GDI), a joint venture between Qatar Petroleum (QP) and Japan Drilling Co., Ltd. (JDC). At a ceremony on 26 January 2008, the rig was named Al-Zubarah, after one of Qatar’s very important economic centres


ADSB and RR Set up Waterjet Support Service Center in Abu Dhabi

William Saltzer, ADSB’s Chief Executive Officer and Esa Uotinen, RR General Manager (Middle East) sign the Co-operation Agreement.

and Rolls-Royce Marine Middle East announced an agreement to set up a Waterjet Center of Excellence in to provide support services to its customers in the Arabian Gulf Region. ADSB is the only naval shipyard in the , providing both build and support services for all Gulf Co-operation Council (GCC) naval vessels. Rolls-Royce will work with ADSB to offer services such as training, maintenance, repairs and overhauls, spare parts and service contracts for waterjet customers


Navy's Efforts Focus on A-P Region & Arabian Gulf Says CNO

ADM Greenert at the Hearing: USN Photo

By operating from forward locations, the Navy and Marine Corps provide President Barack Obama with options to deal promptly with global contingencies, Navy Adm. Jonathan W. Greenert, the chief of naval operations (CNO) explained during a hearing of the House Appropriations Committee's defense sub-committee, adding that Marine Corps Commandant Gen. James F. Amos is "a great shipmate." "As we conclude over a decade of wars and bring our ground forces home from extended


Mine Detection Robot Performs in Bahrain

(Photo: Northrop Grumman)

As the demand for naval technology rapidly escalates globally, the Middle East remains a hotspot for investment and innovation. To this end, Northrop Grumman Corporation (NYSE: NOC), in support of U.S. Naval Forces Central Command in Manama, Bahrain, announced the successful demonstration of an unmanned mine-hunting mission. In the demonstration, the Mine Hunting Unmanned Surface Vehicle (MHU) was used in tandem with Northrop Grumman's AQS-24A Mine Detecting Sensor System in the Arabian Gulf


Hatsu Marine Another Vessel to Fleet

Evergreen Shipyard Corp in Nagasaki, Japan, has launched the U.K.-flag 1,618-TEU Hatsu Prima which, on delivery, will be the seventh ship in the fleet of the Evergreen Group's affiliate, Hatsu Marine Ltd. The first five Hatsu vessels were all 6,332-TEU E-type container vessels, the last of which was Hatsu Ethic, delivered in January 2003. The sixth was Hatsu Pride, delivered towards the end of the same month.


Crew Boats Building in Dubai

Following the success of the Friah 1 and Friah 2, delivered in 2004, Arabian Gulf Mechanical & Contracting Ltd. has placed an order for three sisterships. The builder, Grandweld of Dubai, has delivered Friah 3 and is currently building Friah 4 and Friah 5. The boats will be 30.5 m overall with a waterline length of 27.12 m and a 6.4-m beam. Each vessel will have a net weight of 107 tons and 25 ton cargo capacity. Open cargo deck area is 65 sq. m


United Defense Shipyard Wins Ship Repair Contract

United Defense Industries, Inc. announced today the U.S. Navy's award to Southwest Marine (SWM) of the advanced planning segment of the contract for dry docking and pier side work on the USS LAKE CHAMPLAIN (CG-57), a Ticonderoga-class Aegis cruiser home-ported in San Diego. Southwest Marine is a member of United States Marine Repair, Inc. (USMR), which was acquired by United Defense last month. The advanced planning segment of the contract is valued at $518,484


ADSB, Next Phase of Corvette Class Program

Photo courtesy ADSB

Abu Dhabi Ship Building (ADSB), the leading shipbuilder and naval support services provider in the Arabian Gulf region, has commenced the next phase of its Baynunah Corvette Class pride Program constructions for the UAE Navy. The Prime Contractor has moved the second vessel from the assembly hall where it will pass through its final systems outfitting in preparation for its launching sometimes later in this year where it will go through an intensive acceptance trials prior to the final


Eisenhower Strike Group Ready for Action

Photo: United States Navy

 Approximately 6,000 Sailors from the Eisenhower Carrier Strike Group (Ike CSG) are conducting a sustainment exercise (SUSTEX) to maintain their readiness and capability to deploy anywhere in the world on short notice should the need arise. 


Demand for Arabian Gulf Crude Export Dips in Q1

© sarojmornparn / Adobe Stock

Seaborne demand for Arabian Gulf crude exports down 14 percent in first quarter 2017 in very large crude carriers (VLCC) and Suezmaxes.   In the first quarter of 2017, more than 2.5 trillion ton miles were completed by the global VLCC and Suezmax fleet. This was down 4


OPTECH South 2017: Littoral Challenges in Colombia

Photo credit: Nicklas Gustafsson

Concepts and Technologies Examined at Sea and Ashore    Naval experts from around the world are meeting in Cartagena, Colombia, for the Operations and Technology (OPTECH) South 2017 conference.  The event is being conducted by the U.S


Saqr Port Orders Damen ASD Tug

Photo: Damen

Saqr Port, part of Rash Al Khaimah (RAK) Ports, has signed a contract with the Damen Shipyards Group for the delivery of an ASD 2913 tug. The vessel will be built a short distance away at Albwardy Damen in Sharjah and will be delivered in time for the opening of the new bulk terminal at Saqr Port


Low Tanker Rates Boost Long-distance Trade -EIA

File photo: Robert Hendry

Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016 that have widened the geographic scope for economically attractive trade at a time when inventories of both crude oil and petroleum products are at high levels


THE Alliance Sets Out Service Plans

Photo: Hapag-Lloyd

The members of THE Alliance announced the details of the plan for their product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 modern ships in the Asia /Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea


Tribute to the Seventh Coast Guard District

Courtesy Coast Guard Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its annual Tribute to the Seventh Coast Guard District will be held at the Fort Lauderdale Marriott Harbor Beach in Fort Lauderdale


US Navy Aids Stranded Iranian Mariners

Sailors assigned to the guided-missile destroyer USS Nitze (DDG 94) render assistance to a distressed Iranian vessel. (U.S. Navy photo by Casey J. Hopkins)

The U.S. Navy’s Guided-missile destroyer USS Nitze (DDG 94), currently deployed to the Arabian Gulf in support of maritime security operations, assisted three Iranian mariners in distress, November 18.   Nitze received notification from aircraft carrier USS Dwight D


CMA CGM, CNAN NORD to Develop Shipping Transportation in Algeria

Photo: CMA CGM

 CMA CGM  and CNAN NORD Spa, Algerian National Shipping Company, are pleased to announce that they signed a cooperation agreement on November 8th.   The agreement focuses on 3 strategic axes: Operational cooperation for a common shipping line linking Northern Europe to the


Shaw Appointed Chief Executive, ASRY

Andrew Shaw  Photo ASRY

ASRY, the leading ship and rig repair yard in the Arabian Gulf, has announced that Andrew Shaw will be the new Chief Executive of the shipyard, effective early January 2017. He re-joins the company after previously holding the position ofGeneral Manager of the ASRY Offshore Services division from


Next Geosolutions Boosts Middle East Presence

Ennio Lucidi Next Geosolutions’ Middle East general manager Photo Next Geosolutions

Next Geosolutions is set to increase its international credentials in the Arabian Gulf, with a seven figure investment. The independent geoscience and engineering service provider has launched a new multi purpose-built operational facility in the Hamriyah Free Zone of Sharjah (UAE)


GNH to Expand Oerations in Northern UAE

 Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building


Shaw Takes the Helm at ASRY

Andrew Shaw (Photo: ASRY)

Andrew Shaw has taken up his new position as chief executive at ASRY,  ship and rig repair yard in the Arabian Gulf. Effective January 4,  Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of


George H.W. Bush CSG Conducts OIR Missions Against ISIS

Photo: United States Navy

 The George H.W. Bush Carrier Strike Group (CSG) is currently launching missions against the Islamic State of Iraq and Syria (ISIS) in support of Operation Inherent Resolve (OIR) from the Arabian Gulf.   Rear Adm. Kenneth R. Whitesell, commander, CSG 2


US, UK and France Begin Exercise Alligator Dagger 17

Official U.S. Navy file photo of Alligator Dagger, Arta Beach, Djibouti (U.S. Marine Corps photo by Sgt. Xzavior T. McNeal/Released)

 U.S., U.K. and France began Exercise Alligator Dagger 17, April 5. The two-week multilateral amphibious exercise is taking place in international waters off the coast of Djibouti and in the vicinity of Djibouti and Arta Beach, April 5 - April 20.  






 
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