Middle East News

17 Jan 2020

AEGIR-Marine to Open Middle East Office

AEGIR-Marine has announced a new office in Dubai, UAE. The maritime stern tube seal and propulsion system service provider will now operate out of offices in the Netherlands, Singapore, Shanghai, Namibia, USA and UAE. The Dubai service team will focus its activities on both the strong Middle East oil and gas industry in addition to the company’s core business of commercial vessels.“In terms of stern tube seal and propulsion system service and parts, we are filling the gap between equipment makers and maritime service providers. This strategy resulted in a significant increase in service work and sales of parts in the Middle East,” says Serge Lapré…

15 Jan 2020

Torqeedo Hires Engelmann as Sales VP

Jochen Engelmann (Photo: Torqeedo)

Torqeedo announced it has appointed Jochen Engelmann as vice-president sales for Europe, the Middle East and Africa (EMEA), effective January 1.In this position, Engelmann will have responsibility for expanding sales and driving the company’s growth across the EMEA region for Torqeedo’s marine electromobility systems.Engelmann comes to Torqeedo from Volvo Penta, where he was head of sales, central Europe for the industrial engine division. Prior to joining Volvo Penta, he worked…

14 Jan 2020

IRClass Foreign Flag Fleet Reg. Up 16%

Arun Sharma, Executive Chairman. Photo: IRClass

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

09 Jan 2020

Georgia Scraps Deal on Major Port Project

© Image'in / Adobe Stock

Georgia has ended an investment agreement with an international consortium for one of the biggest projects in the former Soviet country, the construction of a major deep sea port on the Black Sea coast, its infrastructure minister said on Thursday.The nine-phase project to improve access to Central Asia and the Middle East had received support from Georgia's strategic partner, the United States, as well as the European Union, which had labelled the planned port at Anaklia a priority project."The government discussed this issue and decided that further postponement does not make sense…

09 Jan 2020

Mideast Tensions Create Insurance Headache for Tanker Owners

© leodeep / Adobe Stock

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills.According to industry sources, payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly, adding hundreds of thousands of dollars to shipping costs in some cases that will ultimately…

07 Jan 2020

Hapag-Lloyd Opens Center in Mauritius

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA)…

07 Jan 2020

Britain Issues Shipping Guidance for Middle East

© Peter Cripps / Adobe Stock

British defense minister Ben Wallace said on Tuesday the Department for Transport and his ministry would issue guidance to shipping in the Middle East imminently after the killing of an Iranian military commander heightened tensions."The Department for Transport are reviewing the threat state and advice to red-ensign shipping on a daily basis and, supported by the Ministry of Defense, we will issue guidance imminently," Wallace told parliament. (Reporting by Kylie MacLellan and Elizabeth Piper; editing by Stephen Addison)

06 Jan 2020

P&O Ferrymasters Expands in Turkey

Image: P&O Ferrymasters

European providers of transportation and logistics services P&O Ferrymasters has announced plans to open five new offices across Turkey over the next two years as it continues the expansion of its pan-European logistics services into Asia.In addition to its existing base in Istanbul, P&O Ferrymasters will develop a comprehensive network across the strategically vital country by opening offices in Izmir on the Aegean coast, the capital city Ankara, Mersin on the south coast, Bursa in the Marmara region and Gaziantep near the border with Syria.Murat Bog…

31 Dec 2019

Axxis Geo Secures Middle East Gig

Image:  Axxis Geo Solutions

Norwegian ocean bottom node (OBN) seismic company Axxis Geo Solutions (AGS) has signed the contract for the 3D OBN seismic acquisition survey in the Middle East following the securing of a letter of intent for the project in September.The work is expected to commence in early January 2020 and will continue through most of the first quarter 2020."This contract will secure activity for the company and contribute with revenues through most of the winter season. In addition, this…

27 Dec 2019

Japan Sending Warship, Aircraft to Middle East

File Image: A Japanese naval asset. CREDIT: AdobeStock / © JP Aaron

Japan will send a warship and patrol planes to protect Japanese ships in the Middle East as the situation in the region, from which it sources nearly 90% of its crude oil imports, remains volatile, Japan's top government spokesman said on Friday.Under the plan approved by Prime Minister Shinzo Abe's cabinet, a helicopter-equipped destroyer and two P-3C patrol planes will be dispatched for information-gathering aimed at ensuring safe passage for Japanese vessels through the region.If there are any emergencies…

23 Dec 2019

UK Navy Warship Captures $4 mln of Drugs in Gulf of Oman

Photo courtesy of Royal Navy

Britain's Royal Navy said on Monday one of its warships had helped to seize a batch of crystal meth worth more than 3.3 million pounds ($4.3 million) from smugglers in the Gulf of Oman.HMS Defender, a destroyer based at Portsmouth, southern England, sent a party to search a suspicious dhow as it conducted reconnaissance in the northern Arabian Sea.Royal marines discovered on the dhow 11 mailbag-sized sacks carrying drugs weighing 131 kg (288 lb) in total, the Royal Navy said in…

18 Dec 2019

Tug Training & Consultancy, ADMA Sign MoU

Photo: TTC

Tug Training & Consultancy (TTC) and Abu Dhabi Maritime Academy (ADMA), signed a Memorandum of Understanding (MoU) to establish a long term strategic partnership. The MoU encompasses exclusive training of hundreds of (tug) masters and captains in the Middle East Region by certified trainers of TTC at ADMA’s state of the art facilities.Facing the increasing demand for qualified maritime professionals, ADMA is seeking ways to safeguard its best-in-class training for which the organization is renowned.TTC fulfills this requirement…

18 Dec 2019

BIMCO: Supply & Demand Trending Off-Balance

Source: BIMCO, Clarksons, IMF

One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world, spear headed by the US. The raised barriers to trade are here to stay as we enter a new decade, with the shipping industry stuck with the consequences.The trade war is the clearest example of these extra barriers to trade…

17 Dec 2019

Russia to Invest $500 mln in Syrian Port

© Alexey Lesik / Adobe Stock

Russia plans to invest $500 million in the Syrian port of Tartus and build a grain hub there to boost its presence on Middle East markets, Interfax news agency cited Deputy Prime Minister Yury Borisov as saying on Tuesday.Russia, the world's largest wheat exporter, has stepped up grain supplies to support Syrian President Bashar al-Assad in recent years since Moscow's 2015 military intervention on his behalf in Syria's civil war.Construction of the necessary infrastructure at the port…

17 Dec 2019

Damen's Ultra Shallow Draft Shoalbuster

Photo: Damen

Damen’s new Ultra Shallow Shoalbuster 3815 SD has successfully completed sea trials and bollard pull testing. The newly designed vessel achieved 18.6 tonnes of bollard pull, while still being able to operate in extreme shallow waters. “There are several projects in the world that operate in ultra-shallow working areas – in the Arabian Gulf and the Caspian Sea in particular,” says Jeroen van Woerkum, commercial manager at Damen Shipyards Hardinxveld. “We designed this vessel to…

17 Dec 2019

Seabed Geosolutions Sells OBC System

Survey vessel. Image: Fugro

Seabed Geosolutions, the provider of comprehensive ocean bottom seismic (OBS) solutions to the global oil and gas industry, has signed a contract to sell the entirety of its shallow water ocean bottom cable (OBC) recording equipment.The joint venture between Fugro and CGG said that the equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates. The sale fetched around  US$ 10 million.Stephan Midenet, CEO of Seabed Geosolutions…

16 Dec 2019

Deepwater Investments to Grow +5% in 2020

Graph: 	Rystad Energy

Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry, said a report.Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract the most next year by almost 12%.Rystad Energy believes that the lower oil price and weaker cash flows will force shale companies to reduce activity.

12 Dec 2019

Vado Gateway Container Terminal Opened

Image: APM Terminals

The international container terminal operating company APM Terminals (APMT) said it has opened a new container terminal in Vado Ligure, on the Italian Riviera, which will be capable of handling 900,000 TEUs of containerized cargo.APMT has a 50.1% share in the “Vado Gateway,” while Cosco Shipping Ports has a 40% share and Qingdao Port International has a 9.9% share. APMT said the project is part of the “New Silk Road.” Chinese firms have invested in more than a dozen European ports…

13 Dec 2019

LNG Suited for Select VLCC Routes

Image: SEA\LNG

SEA\LNG has released the results of its third investment study, which underlines liquefied natural gas (LNG) as a compelling investment solution for Very Large Crude Carriers (VLCCs) on the Arabian Gulf to China trade route.Conducted by Opsiana, the study demonstrates benefits of LNG as a marine fuel for a newbuild 300K DWT VLCC on the Arabian Gulf to China trade route, in comparison with other alternatives currently available and scalable to the shipping industry across three…

05 Dec 2019

Tankers Running on Fumes as Shipping Fuel Switch Causes Delays

© Suriyapong / Adobe Stock

Disruption to shipping from the long-anticipated switch to more environmentally friendly marine fuels has finally arrived, exacerbated by logistical problems as much as any shortage of the cleaner fuel.New International Maritime Organization (IMO) rules, referred to as IMO 2020, aim to stop ships from using fuels containing more than 0.5% sulphur unless they are equipped with exhaust-cleaning systems known as scrubbers.From the start of January ships must load very low sulphur…

03 Dec 2019

Unifeeder Acquires Feedertech

Jesper Kristensen. Image courtesy: Unifeeder A/S

Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding.Established in 2003, the Group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle…

02 Dec 2019

Qingdao Port Buys Stake in Cosco Abu Dhabi

Image: Qingdao Port

China-based Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port, for US$59m.Abu Dhabi Terminal is a joint venture company established in the United Arab Emirates.The investment, which will be made through Qingdao Port's Hong Kong subsidiary QDP International Development, will give the port operator a 30 percent holding in the CSP Abu Dhabi Terminal at Khalifa Port in which the Hong Kong-based firm holds a 90 percent stake…

02 Dec 2019

KCC Names MV Barracuda

The Godmother of MV Barracuda, Ms. Su Yin Anand, Head of Legal at South32 Marketing Singapore and Captain Dan Cracium of MV Barracuda at the Naming Ceremony. Image: KCC

Norway-based shipowner Klaveness Combination Carriers (KCC) has named its second CLEANBU vessel, MV Barracuda, after it completed a first switch between dry cargo and a cargo of clean petroleum products (CPP).MV Barracuda was named at anchorage outside Singapore by Ms. Su Yin Anand, head of Legal at South32 Marketing Singapore, one of KCC’s largest customers.As all the other CLEANBU vessels, MV Barracuda was named after a “sea creature” to show KCC’s commitment to clean oceans…

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