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Saudi Arabia

Saudi Arabia Will Fill Need Created by Y2K Problems

Saudi Arabia's stands ready to step in and replace any oil supplies that may be disrupted because of Y2K computer problems. " Saudi Arabia's unused oil production capacity is reportedly about three million bpd.


S. Arabia Raised Output in Sept

  Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output. In a monthly report issued on Friday, the Organization of the Petroleum Exporting Countries (OPEC) said Saudi Arabia reported September production of 9.704 million barrels per day (bpd), up from 9.597 million in August.


Saudi Arabia Ratifies BWM Treaty

Saudi Arabia has become the latest State to become a Party to the International Maritime Organization (IMO) Ballast Water Management (BWM) Convention.   The treaty will enter into force on September 8, 2017 and aims to counter the threat to marine ecosystems by potentially invasive species transported in ships' ballast water.   Saudi Arabia deposited its instrument of accession with IMO on April 27, 2017, bringing the number of contracting Parties to the BWM Convention to 55


Saudi, UAE Ports Bar Qatari Flagged Ships

Ports in Saudi Arabia and the United Arab Emirates' barred ships flying Qatari flags after the two countries broke off diplomatic ties with Doha, in a move that raised fears of disruption to oil and gas shipments from the Gulf OPEC member.   The Saudi Ports Authority has notified shipping agents not to accept vessels flying Qatari flags or ships owned by Qatari companies or individuals, it said on its Twitter account on Monday


Rowan Obtains Drilling Contracts in Saudi Arabia

Rowan Companies, Inc. was awarded term drilling contracts by the Saudi Arabian Oil Company (Saudi ARAMCO) for two Tarzan Class jack-up drilling rigs to begin operating offshore Saudi Arabia in 2007. Each contract is for a four-year term. The relocation of the two rigs from the Gulf of Mexico will begin in January 2007 and the rigs should be operational in Saudi Arabia by the end of the first quarter. Rowan estimates that revenues from the contracts will be in excess of $550m


Crude-Tanker Cargo Rises 32 Percent on Saudi Exports: Report

The supply of crude oil cargoes for the largest tankers rose 32 percent so far this year, as Saudi Arabia boosted exports to compensate for the possibility of fewer Iranian cargoes, Arctic Securities ASA said. Very large crude carriers hauled 97 million metric tons of oil in the first 11 weeks of the year, up from 73.7 million tons during the same period of 2011, Oslo-based analyst Erik Nikolai Stavseth said by phone


First Saudi Arabian Ferries Delivered

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The Kingdom of Saudi Arabia welcomed the delivery of its two Austal-built 289 ft high speed vehicle-passenger catamarans, “Riyadh” and “Cairo” during a handover ceremony in Jeddah attended by King Abdullah bin Abdulaziz Al Saud and the Egyptian President Mohammed Hosni Mubarak. Ordered by the Saudi Arabian Ministry of Finance in 2007, the vessels are a gift to the Egyptian Government, and will assist in improving the standard of ferry services across the Red Sea.


Bahri, Rickmers-Linie Ink Charter Deal

Bahri Rickmers-Linie in Charter deal

Rickmers-Linie, the Hamburg based specialist for project and heavy lift liner services and the National Shipping Company of Saudi Arabia (trading as Bahri Liner) have recently signed a space charter agreement. The agreement covers the ports on the US Atlantic and Gulf Coasts as well as ports in Saudi Arabia, Egypt, Jordan, Kuwait, the UAE, Iraq and the Yemen. It enables the chartering of space from Rickmers-Linie to Bahri Liner and vice versa on vessels operated by the other and authorizes


Saudi Shipper Bahri Names Omar as CEO

Photo courtesy of Bahri

The National Shipping Company of Saudi Arabia (Bahri) has named Ibrahim Abdulrahman al-Omar as its chief executive, effective on Oct. 1, a bourse filing said on Wednesday. Omar has worked in several senior positions at firms including Saudi Telecom and its affiliate Viva Bahrain, the statement added. He replaces Mohammad Omair al-Otaibi, who was appointed acting CEO last month after the departure of Saleh bin Nasser al-Jasser at the end of July.


Saudi Navy Detains IRGC Boat

The Saudi navy has captured three members of Iran's Revolutionary Guard Corps (IRGC) from a boat seized last week as it approached the kingdom's offshore Marjan oilfield, the Saudi information ministry said on Monday.   Relations between the two countries are at their worst in years, with each accusing the other of subverting regional security and support opposite sides in conflicts in Syria, Yemen and Iraq.  


Hyundai Heavy Industries Debuts ‘Smart Ship’ Solution

Glovis Challenge, 6,500 PCTC with Integrated Smart Ship Solution (ISSS). (Photo: HHI)

South Korean shipbuilder Hyundai Heavy Industries (HHI) said it has developed proprietary ICT technology capable of realizing economical and reliable navigation and management of ships: Integrated Smart Ship Solution (ISSS).   HHI said the solution provides a wide range of ship information


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 LNG Flows Unaffected by Crisis -Shell

Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension between the world's biggest LNG exporter and its neighbours, an executive for Royal Dutch Shell said on Monday. "LNG flows remain stable, cargoes are going into the market," said Steve Hill


Egypt Bans Qatari Ships Docking in Suez Canal

 Photo: Suez Canal Authority

 The Suez Canal Authority is committed to a ban on allowing Qatari ships to dock in ports within the Suez Canal’s economic zone, Ahram reported as chairman Mohab Mamish saying.   In press statements on Friday, Mamish said that Egyptian ban on the ships is being imposed on all


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


Saudi Aramco, Hyundai Heavy Sign MoU

Photo: Hyundai Heavy Industries

 Saudi Aramco, Dussur – the Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps business development in the Kingdom of Saudi Arabia.  


Qatar to Boost LNG Production by 30% Amid Arab Dispute

Photo: Qatar Petroleum

 State-owned Qatar Petroleum said Tuesday it aims to raise Qatar’s LNG production from 77 million to 100 million tons per year.  The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field


WorleyParsons Wins Contract from Saudi Aramco for Marjan Oilfield

Australia's WorleyParsons has won a contract from state oil firm Saudi Aramco to conduct engineering and design work for offshore facilities and pipelines for the expansion of the Marjan oilfield in Saudi Arabia, industry sources told Reuters.


Subsea 7 Acquires EMAS Chiyoda Subsea Assets

Photo: Subsea 7 S.A.

Subsea 7 S.A. said it has acquires certain businesses of EMAS Chiyoda Subsea (ECS) under a U.S. bankruptcy code Chapter 11 Plan of Reorganization, confirmed by the U.S. Bankruptcy Court for the Southern District of Texas and became effective on June 29, 2017.  


Maersk Postpones Oman-to-Qatar Container Service

Maersk Line, a part of A.P. Moller-Maersk, said on Monday the first container feeder service into Qatar will depart Oman on June 26, later than a planned June 19 start.   To avoid trade restrictions imposed on Qatar by Saudi Arabia, United Arab Emirates and others


COSCO Shipping Suspends Qatar Services

File Image: A COSCO Boxship underway (CREDIT Adobestock (c) Marina Ignatova)

China's COSCO Shipping Lines Co Ltd has suspended shipping services to Qatar, citing "uncertainties" after Arab countries severed diplomatic ties with the Gulf state and imposed port restrictions.   The world's fourth-largest shipping line joins Taiwan's Evergreen and Hong Kong's


Maersk Accepts Qatar Box Bookings via Oman

File Image: CREDIT Maersk

Maersk Line, a part of A.P. Moller-Maersk, said on Monday it will accept new bookings for container shipments to Qatar from Oman.   To avoid trade restrictions imposed on Qatar by Saudi Arabia, United Arab Emirates and others, Maersk Line said Friday it would deliver cargo to Qatar by


Ballast Water Management Treaty Ratifications Boost

Pic: International Maritime Organization (IMO)

 Last week has seen four more States become Party to International Maritime Organization (IMO)'s Ballast Water Management Convention, designed to counter the threat to marine ecosystems by potentially invasive species transported in ships' ballast water.   


Iran Raises Oil Exports to West, Almost on Par with Asia

© Evren Kalinbacak / Adobe Stock

Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which used to be OPEC's second biggest oil exporter


Asia Tankers-VLCC Rates Await Market Pointers

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

Gulf tensions fail to ignite VLCC market; owners waiting for July MidEast cargoes that could buoy rates.   Freight rates for very large crude carriers (VLCCs) face an uncertain week, possibly coming under pressure from a dearth of new Middle East cargoes but they could also find support






 
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