Aussie Navy Seizes eight tonnes Hashish
The crew of Royal Australian Navy frigate HMAS Warramunga has intercepted two vessels and seized approximately eight tonnes of hashish valued at approximately $400 million during operations in international waters of the Arabian Sea. Warramunga has now seized 19.5 tonnes of hashish and 1.5 tonnes of heroin, valued in excess of $1.43 billion* since deploying to the Middle East in November 2017. On 3 March Warramunga’s Seahawk helicopter crew detected a vessel of interest during surveillance operations. A boarding party searched the vessel, uncovering 4.1 tonnes of illicit cargo.
Tenth Successful Interdiction for HMAS Warramunga
HMAS Warramunga’s crew has seized record amounts of narcotics on Operation Manitou following their latest interdiction. In the latest haul, the crew of the Royal Australian Navy frigate seized approximately 132 kilograms of heroin valued at almost $40 million while patrolling international waters of the Arabian Sea on 6 March 2018. The illegal narcotics interdiction is Warramunga’s third seizure in the past seven days having also seized in excess of eight tonnes of hashish from two vessels just days earlier.
CMA CGM Revises Swahili Express Service
CMA CGM informs that its Swahili Express service operated between India/Middle East and East Africa changes. The new service rotation works out to shorter voyage duration: 28 days with 4 vessels up to 3,400 TEU nominal capacity. Its Djibouti Northbound call is cancelled: last vessel is m/v NORO voy. 2322SN, expected at Djibouti berth on March 10th, 2018. Kenyan export cargo to Northern Europe, the Mediterranean and the USA is routed via Colombo (Sri Lanka) with reliable transit times.
LOC Group Acquires SCUA Middle East Consultancy
LOC Group is pleased to announce the acquisition of SCUA Middle East Consultancy with effect from April 1, 2013. This acquisition combines LOC Middle East and SCUA Middle East to form a team of nearly 30 staff, including marine engineers, master mariners, naval architects and civil/structural engineers with wide-ranging skills and knowledge. SCUA Middle East will become part of LOC Middle East, which will continue to respond to all types of marine insurance claims, casualty, loss prevention, engineering and energy issues in the shipping, oil and gas markets.
India's Oil Imports from Venezuela Hit Lowest in over 5 Years
Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data showed, as a severe economic and political crisis hits crude output in the South American OPEC member. India's oil imports from Venezuela averaged around 300,000 barrels per day (bpd) between November, 2017 and February, 2018, a drop of about 20 percent from the same period a year earlier and the lowest such level since 2012, according to data from shipping sources and industry. The sources declined to be identified as they were not authorised to speak with media.
Maritime Expo Reports Big Rise in Exhibitors
“While the economic downturn has taken its toll on the global shipping industry, the Middle East market for workboats of all kinds continues to show vigorous growth,” said Christopher Hayman, Chairman of Seatrade, organiser of the Middle East Workboats exhibition and conference from 5-7 October 2009 at the Abu Dhabi National Exhibition Centre. Workboats include tugs, ferries, supply vessels; police, fire, patrol, pilot, rescue and oil spill boats; along with, dredgers, barges and floating cranes. More than 2,000 such vessels are estimated to be docked or repaired in the Middle East.
Schottel Expands in the Middle East
Andrew Bull was appointed managing director of SCHOTTEL Middle East FZE in Dubai. He is responsible for all sales and service activities in the Middle East region. Bull is a Sales, Business Development and Operations Professional with 22 years in the marine industry. Having held a range of global and regional roles, he has broad experience working with shipowners, operators, shipyards and regional distributors across the Middle East. With SCHOTTEL Middle East as the regional hub and being close to customers, the company will further enhance its commitment to customer service and excellence.
WSS Middle East Wins World Cargo Alliance Award
Wilhelmsen Ships Service (WSS) has won the prestigious title of ‘Best Partner 2011 - Middle East,’ which was presented by the World Cargo Alliance (WCA) at their annual conference in Bangkok earlier this month. “We are honored to have taken this title, and I would like to extend my sincere congratulations to the maritime logistics team in the Middle East for their splendid work throughout 2011,” said Flemming Andersen, Area Logistics Manager Middle East at WSS. WSS currently works with more than 2…
SPE Awards DNV GL For Its Contribution To Asset Integrity
DNV GL has been recognised by the Society of Petroleum Engineers (SPE) as the organisation that has contributed most to asset integrity in the Middle East at the 2014 SPE Asset Integrity Workshop entitled “Changing the Culture, Raising the Bar” held on 13-14 May in Abu Dhabi. "It is a great honor and a privilege to have been given this SPE award for the best ‘Company Contribution to Asset Integrity in the Middle East’. Asset integrity is in the DNA of DNV GL, and this award is proof of our Middle East team’s dedication to integrity excellence” said Moss Daemi…
Geodis Wilson Appoints Middle East Managing Director
Global freight management company, Geodis Wilson, said it plans to continue growing its Middle East network and has announced the appointment of Sascha Geiken as new Cluster Managing Director for the Middle East region. Sascha Geiken joined Geodis Wilson in 2009 as Managing Director of Geodis Wilson United Arab Emirates. In his new position as Cluster Managing Director, he will be responsible UAE, Qatar, Saudi Arabia and Bahrain. Sascha Geiken, who started his freight forwarding career in 1995, has many years of experience in the Middle East working for major logistics companies.
Barloworld Logistics Ramping Up Middle East Ops
Middle East contract logistics market to sustain 6.9 percent average growth to reach over USD 3.7 billion in 2015; Barloworld Logistics intensifies growth plans in Middle East, anchored on integrated smart supply chain solutions. Barloworld Logistics, a provider of logistics and supply chain management solutions, has announced that it is intensifying its growth plans in the Middle East as the region’s contract logistics services market expects to sustain a 6.9 per cent compound annual growth rate (CAGR) from 2011 to 2015, according to a study by Transport Intelligence.
Teignbridge Propellers to Set Up Shop in Dubai
UK’s Teignbridge Propellers score Middle East first with launch of new manufacturing arm; targets Africa, Asia and the Arab world In a first for the region, UK-headquartered Teignbridge Propellers International today unveiled plans to establish a manufacturing base in Dubai in order to support its existing operation and tap into new markets across the region and beyond. The UAE’s geographical location and established infrastructure is attracting high profile international maritime support companies looking to capitalise on first mover access to growth markets across Africa…
ABS Management Changes in Asia, Middle East
Changes in the management of ABS activities in Asia and the Middle East have been announced by the class society. Veteran Middle East District Manager Joseph Brincat has been promoted to Vice President for the entire Middle East region, including Egypt and Libya, and Pakistan. Brincat replaces Stephen Auger who has been transferred to Busan, Korea as Vice President for the North Pacific region within the Pacific Division of ABS that includes Korea, Japan and the Philippines. Concurrently, the ABS Middle East regional administrative office will relocate from Doha, Qatar to Dubai, United Arab Emirates (UAE). Responsibility for the society’s activities in Qatar will be handled by Martin Hruska who has been promoted to the position of Country Manager, stationed in Doha effective 1 September.
U.S. Crude Exports to Asia Slump as WTI Outperforms
Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to maintain competitiveness. Vessel-tracking and port data suggest Asian imports of U.S. crude were equivalent to about 560,000 barrels per day (bpd) in February, down sharply from 676,190 bpd in January. March's figure may be even weaker with data compiled by Thomson Reuters Oil Research and Forecasts pointing to Asian imports of only about 290,000 bpd.
Firmer MidEast, WAfrica Sentiment Supports VLCC Rates
Middle East rates helped by fewer old vessels; about 96 MidEast cargoes fixed, 25 to come. Freight rates for very large crude carriers (VLCCs) could rise next week on firm sentiment in the Middle East and West Africa markets but higher oil prices and fewer floating storage opportunities could cap increases, brokers said on Friday. "Middle East rates to the east have crept up one or two points (on the Worldscale measure)," said Ashok Sharma, managing director of BRS Baxi in Singapore. "Rates are up to W52.50 today. There is a slightly firm undertone," he added.
UAE to Generate 9.4 Billion by 2014
UAE to generate logistics revenues in excess of USD 9.4 billion by 2014 to lead growth of regional logistics and supply chain sector. Barloworld Logistics, a provider of logistics and supply chain management solutions, recently revealed its strategic growth plans for 2013, focusing on growth opportunities in key Middle East markets such as the UAE, which is projected to generate logistics revenues in excess of USD 9.4 billion by 2014. Barloworld has pointed out that the UAE remains…
Yacht Industry to Reach $51bln by 2020
In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period, according to Market Report. Region wise, Eastern Europe is expected to see the largest growth of 7.2% annually with other regions growing at an average rate of 6.5%. The emerging markets including the Middle East and China are expected to continue growing consistently. The Middle East yacht market has been experiencing an approximate annual growth of 5-10%.
Hiab's Distribution Partnership in the Middle East
Hiab, part of Cargotec, and Gavelås Förvaltning AB have signed an agreement regarding a long-term distribution partnership in the Middle East region. As a part of the transaction Hiab will sell its current sales company Hiab Middle East LLC, which employs 19 persons. The parties have agreed not to disclose the value of the transaction which occurred on 24 September 2014. The transaction supports the implementation of the strategic business targets of Hiab to set the industry benchmark for customer satisfaction, improve profitability and grow faster than the market.
Industry Leaders to Meet in Dubai
With a weakening dollar, predictions oil could hit $100 a barrel, and a boom in multi-billion dollar refinery construction, finance and shipping leaders will be meeting in Dubai this November to assess the impact on the regional and global maritime industries. The Middle East shipping industry is dominated by the tanker trade. Bookings for supertankers sailing from the Middle East to Asia account for 47% of global demand for the carriers, compared with shipments to the US and Caribbean, the second-biggest market, which accounts for 14% of demand. The balance of supply and demand, in the tanker sector in the Middle East, will be part of a special Charterers Forum that will take place during the Middle East Money & Ships 2007 conference, from 4-5 November, at Mina a'Salam, Madinat Jumeirah.
Asia Tankers-VLCC Rates to Climb as Asian Refiners Restock
Rates to climb to around W65 from MidEast to Asia; W70 from West Africa. Freight rates for very large crude carriers (VLCCs) are set to rise further as Asian refiners rebuild inventories after plants were reactivated following maintenance outages, brokers said on Friday. However, gains are likely to be capped due to the availability of additional ship capacity and charterers' holding back cargoes if they think rates are too frothy, broker added. "Worldscale 70 of West Africa is on the cards, with W60 out of the Middle East," said a European supertanker broker on Friday.
DGS Marine Advises Fixed Premium P&I Cover
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits of fixed premium P&I cover for ship owners and operators in the Middle East. David Skinner, Managing Director of DGS Marine Group, was speaking at the Seatrade Middle East Maritime conference in Dubai, where DGS Marine was a leading sponsor. Discussing the growing appeal of alternative models of P&I cover to ship owners in the Middle East, Mr.
Australia to Stress International Law in South China Sea Dispute
Australian Foreign Minister Julie Bishop will on Tuesday hail the role of international law in settling regional conflicts, comments apparently aimed at bolstering Australian efforts to build a coalition against Chinese assertiveness. Bishop, in a speech ahead of a special meeting of the Association of South East Asian Nations (ASEAN) in Sydney, will not name China but will argue that international law will stabilise a region strained by rival claims in the South China Sea. "The rules-based order is designed to regulate behaviour and rivalries of and between states…
Somalia Bans DP World, Says Contract with Somaliland Null
Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's federal government could enforce the ban given Somaliland's semi-autonomous status. But parliament's unanimous passing of the resolution banning DP World from working in the country underscored growing rivalries in the strategic Horn of Africa region over the Dubai state-owned port operator's investments.