Neptune Lines Appoints Agent in Arabian Gulf
Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Lines’ new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar. As agents for Neptune Lines in these three countries, ISS will provide full port agency, vessel husbandry and liner services, as well as vehicle documentation, on the new Arabian Gulf short sea service. The vessel Neptune Ploes, which can accommodate up to 750 units at a time, is connecting eight countries and ports across the Arabian Gulf on its new…
Despite Rising US Production, Saudi Crude Still Flows In
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.
Keppel FELS $110M Contract
Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a contract to build a KFELS B Class jackup valued at US$110 million for Gulf Drilling International Limited (GDI), Qatar’s first national drilling company. The jackup, GULF-4, well suited in the Arabian Gulf and Indian waters, will be built to Keppel FELS’ proprietary design. It will be capable of operating in 300 feet water depth, drilling down to 30,000 feet and accommodating 110 men.
NIMA Issues Military Operations Advisory
The U.S. National Imagery and Mapping Agency (NIMA) issued a Special Advisory stating that coalition naval forces are conducting military operations in waters of the eastern Mediterranean Sea, Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Arabian Gulf. All vessels in these waters are urged to keep a safe distance away from military vessels and to clearly identify themselves so as to avoid the inadvertent use of force. Note use of the term military operations rather than military exercises. Source: HK Law
APL Offers New East Africa Service
APL launched a new East Africa Express (EAX) service. The weekly EAX service will connect the Indian subcontinent and Arabian Gulf to East Africa. Trade from the Far East bound for East Africa will depart from Colombo, Sri Lanka, and Nhava Sheva in India. The port at Nhava Sheva will also serve cargoes originating from the Indian subcontinent and Arabian Gulf, alongside ports in Pakistan and the United Arab Emirates. Jason Wong, APL’s Vice President, Intra-Asia, Middle East & Australia Trade, said: “Africa is an expanding economy which continues to report impressive GDP growth, averaging about 5% annually in the past six years. In East Africa, economic growth is projected to accelerate to around 6% in 2007 and 2008.
USCG Small Boat Fires Warning Shot at Iranian Vessel
A U.S. Coast Guard boat operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, informs the US Department of Defense. A statement issued by the U.S Fifth Fleet in Bahrain said the incident occurred as the Coast Guard was conducting a routine maritime security operation. The American vessel fired a single shot at the dhow…
ASRY Appoints New Chief Executive
ASRY, a ship and rig repair yard in the Arabian Gulf, has appointed Nils Kristian Berge, the current Commercial General Manager, as Acting Chief Executive, to succeed Chris Potter, who leaves the company in October 2013. The ASRY Board of Directors confirmed the transition has been planned for several months in order to ensure a smooth and seamless transfer of responsibilities. Shaikh Daij bin Salman Al Khalifa, Chairman of the Board of Directors of ASRY commented, “With new expansions and diversifications now completed and integrated at the yard under Mr.
Cummins Power for Arabian Gulf Crewboat
The Kuwaiti company, Arabian Gulf Mechanical Services and Contracting Co. Ltd., has been operating a 30.5-meter Grandweld-built crew boat since the summer of 2007. The successful boat, named Fraih-8, carries a 6.4-meter beam with a 3.25-meter depth allowing for 8400 gallons of fuel and 2000 gallons of fresh water as well as 195 gallons each of black water, grey water, Lube and hydraulic oil. Accommodation for an 8-member crew is provided along with seating for 24 off-shore personnel.Propulsion is provided by a pair of Cummins KTA38-M2 engines each producing 1400 HP at 1950 RPM and turning into ZF 3055 gears with 2.5:1 reduction and turning five-blade propellers for speeds in the 20 knot range. Engine controls are by ZF Mathers and steering is by Kobelt.
Cutter Completes Iraqi Aid Mission
Coast Guard cutter Walnut, a 225-ft. buoy tender homeported in Honolulu, today completed its 20-day humanitarian mission of properly marking the navigational channel of the Khawr Abd Allah waterway leading from the North Arabian Gulf to Iraq’s critical port of Umm Qasr. The Walnut completely replaced 30 buoys and repaired an additional five along the 41-mile waterway, vastly improving the navigational safety of the waterway for humanitarian aid sailing to the port and providing a critical step towards the economic recovery of the people of Iraq. The majority of the equipment used in the navigational improvements was located in a warehouse in Umm Qasr and was inspected and upgraded to ensure that the buoys matched as closely as possible to the charted channel.
ASRY Signs New UK Agent
ASRY (Arab Shipbuilding & Repair Yard), a shipyard in the Arabian Gulf, has signed a representation agreement with Shiprepairers & Shipbuilders Ltd (SRS) to exclusively market ASRY’s products, services and facilities to the U.K. shipping market. The move comes as part of ASRY’s strategic realignment of its agent network that has seen several new agents sign with ASRY recently. Nils Kristian Berge, ASRY Chief Executive said of the new signing, “We are streamlining our agent network to remind our key markets, historically and going forward, of ASRY’s leading position in the Arabian Gulf shipyard scene. Like ASRY, SRS has a long and distinguished history. Founded in 1968 as the first independent U.K.
VLCC Owners Struggle Despite Recovery in Demand
The market continues to struggle, and Drewry's latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February. Weak demand hammered freight rates on major routes, especially for the larger vessel segments. The impact of weak rates was amplified by high bunker prices, which, for some operators, again translated into negative earnings. Drewry’s Earnings Index for dirty tankers plunged by 66% to 14.2 during the month. This pulled the wider Tanker Earnings Index down by 52%. Weakness in eastern demand due to the Chinese New Year holidays kept chartering activity in the Arabian Gulf relatively quiet. Similarly, despite increased demand from the Caribbean, activity in West Africa declined.
United Arab Shipping Company Joins INTTRA
INTTRA, the leading provider of B2B ocean freight services, announced that United Arab Shipping Company (UASC) has selected INTTRA as its portal for the management of ocean-going container shipping. The national line of the Arabian Gulf states, UASC is the twelfth carrier to join INTTRA's non-exclusive network, extending INTTRA's reach beyond 40 percent of world container capacity. UASC provides direct liner services between the Arabian Gulf and main ports in Europe, U.S. East Coast, Indian sub-continent, and a full range of ports in Asia. The addition of UASC to INTTRA connects two of the portal's traditionally strongest areas - Asia and Europe - and provides customers with the capability to view both regional and global shipments from one portal.
Demand for Arabian Gulf Crude Export Dips in Q1
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 4.6 percent from the previous quarter with a reduction in VLCC work done being the major contributor at -5.42 percent. Over 50 percent of seaborne demand for crude exports stems from the Arabian Gulf. In Q1, AG export ton mile demand fell by a mammoth 14 percent.
Cutters Complete Missions in Arabian Gulf
Coast Guard cutters Boutwell, a 378-ft. high endurance cutter homeported in Alameda, Calif., and Walnut, a 225-ft. buoy tender homeported in Honolulu, began heading home today after completing their missions in support of Operations Enduring Freedom and Iraqi Freedom. Both cutters conducted a wide range of missions while serving in the Gulf, including maritime force protection, coastal and terminal security, and maritime interception and marine environmental response. "Without question, the skill and dedication of the crews of Walnut and Boutwell were instrumental to the overall success of our naval forces and underscored the importance of the Navy-Coast Guard team," said Vice Adm. Tim Keating, the commander of U.S. Naval Forces Central Command.
Keppel FELS Wins $130M Rig Order
Inking the deal for the second Gulf Drilling rig: (From left) Mr Nobuo Makabe, Deputy Managing Director/General Manager of Gulf Drilling International; Mr Yousif Rashid Al Khater, Managing Director of Gulf Drilling International; Mr Tong Chong Heong, Managing Director/Chief Operating Officer of Keppel Offshore & Marine; and Mr Michael Chia, Executive Director of Keppel FELS. Keppel FELS Limited (Keppel FELS) won a contract to build a $130 million jackup for Gulf Drilling International Ltd. (q.s.c.) (GDI). The jackup, to be named GULF-5, will be delivered by end 2007. This is GDI’s second jackup with Keppel FELS and follows shortly after the first rig, GULF-4, was signed in December 2004. GULF-4, whose keel was laid this morning at the Keppel FELS yard, is due for delivery end 2006.
US Navy Aids Stranded Iranian Mariners
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. Eisenhower (CVN 69) (Ike) of a small fishing vessel in distress. Once Nitze's crew identified the distressed vessel, the ship took immediate action to render assistance. After confirming the distressed vessel's mariners were safe, they discovered the vessel had a dead battery.
Stolt-Nielsen in JVs with Gulf Navigation
Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) said that its wholly owned subsidiary Stolt-Nielsen Indian Ocean and Middle East Service Ltd. ("Stolt") has entered into two 50/50 joint ventures with Gulf Navigation PJSC. The first joint venture, Gulf Stolt Tankers FZCO, will own six new 44,000 dwt coated chemical tankers. The ships will be traded in the Stolt Tankers Joint Service (STJS). Technical ship management will be provided by a second joint venture, Gulf Stolt Ship Management JLT, owned by Gulf Navigation and Stolt. Stolt-Nielsen will take delivery of four of the tankers - ordered in 2006 from SLS Shipbuilding in South Korea - during 2008 and 2009. Gulf Navigation will take delivery of two additional sister ships in 2009, having taken over options previously held by Stolt-Nielsen.
THE Alliance Sets Out Service Plans
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. The start of THE Alliance as the most integrated liner shipping consortia is scheduled for April 2017 (subject to completion of all relevant regulatory requirements). “The product of THE…
Hatteland Appoints New Dubai Service Partner
Hatteland Display, an international supplier of marine displays and computers has appointed the marine electronics company Elcome International LLC in Dubai as the latest member of its worldwide service partner network. Elcome International L.L.C has been in business for nearly four decades. The company focuses mainly on navigation, automation, communication and safety solutions for the commercial shipping, defense, oil & gas and private yachts sector in the Arabian Gulf. (www.hatteland-display.com)
Neptune Wins $20M Contract with Qatargas
According to a Dec. 30 report from Business Day, Neptune Marine Services Ltd has been awarded a $20m subsea inspection contract from producers of liquefied natural gas Qatargas Operating Company Ltd. The three-year contract involves the inspection of Qatargas platforms, offshore pipelines and subsea connection facilities in the Arabian Gulf. (Source: Business Day)
AHI Starts Work On Drydock
Keppel Corp Ltd. unit Arab Heavy Industries (AHI) has started construction on its first drydock, valued at $19.1 million. "The number of ports in the Arabian Gulf is increasing and with AHI in the heart of United Arab Emirates, the business hub of the Middle East, this strategic investment will position our company as the premiere medium-sized yard in the region," Obaid Ali Al Muhairi, AHI's chairman said. AHI is a joint stock company of the government of Ajman, the Al Futtaim Group, the Keppel Group and other investors.
CMA CGM Launches INDIAMED
CMA CGM has announced the launch starting July 2 of its new service between the East Mediterrane an, Djibouti, Arabian Gulf, Pakistan and India. The service is one of the fastest between these strategic zones and connects CMA CGM hubs in the Mediterranean and the Arabian Gulf. INDIAMED will complement our MEGEM (East Mediterranean to/from Middle East) and MEDEX (West Mediterranean to/from Middle East & Indian Sub-Continent) offering synergies between services to allow an improved port coverage of these areas and better connections.
Gulf Naval Commanders Identify Security Challenges
At the recent Arabian Gulf Naval Commanders (GCC) conference in Abu Dahbi regional issues were discussed against a background understanding that the location of the Gulf creates a number of security challenges in the maritime domain, including the disruption of the flow of goods & services and piracy attacks, reports 'The National'. Navy commanders pointed out that as globalisation and the importance of the sea for world trade increases, and as the region is a hub of international commerce, the security of oil supplies has become a common concern for nations.