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…
Diesel Tankers Turn to New York after Stocks Drop
Tankers carrying diesel from Asia and Europe, including a giant 200,000 tonne cargo, are sailing towards New York where fuel supplies have dropped to a three-year low in recent weeks.The very large crude carrier (VLCC) Maran Aphrodite changed its destination on Friday to New York from its previous port of Rotterdam, according to Reuters ship tracking data.The vessel, which traders said was chartered by Total, left Singapore earlier this month.Several tankers have also been booked to go from Europe and the Baltics to the port of New York, a relatively rare route.
China's Crude Oil Futures Boom Amid Looming Iran Sanctions
A U.S. decision to reimpose sanctions on Iran is supporting China's newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders and analysts said.Since launching in March, Shanghai crude oil futures have seen a steady pick-up in daily trading, while open interest - the number of outstanding longer-term positions and a gauge of institutional interest - has also surged.Traded daily volumes hit a record 250,000 lots last Wednesday…
Maersk Line Rolls out Exclusive Transatlantic Service
Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly service will be a five-vessel rotation stopping in Salerno and La Spezia (Italy), Fos-sur-Mer (France), Algeciras (Spain), Montreal and Halifax (Canada), and Valencia (Spain). Other Mediterranean…
McDermott bags Middle East pipelay contract
McDermott International, Inc. was awarded an offshore pipelay contract in the Middle East. The pipelay contract includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018. “This contract marks another example where our clients in the Middle East recognize our integrated customer-driven solutions that are consistently delivered with outstanding safety and within cost and schedule,” said Linh Austin, McDermott’s Vice President, Middle East and Caspian.
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.
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…
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.
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.
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.
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…
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.
Maritime 'Silk Road' Between China, Middle East & Africa
Trade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects in the commodity and energy sectors said HSBC at its Middle East and North Africa (MENA) and China Forum recently held in the UAE. Emphasising the growth of China as a trading powerhouse, HSBC added that China is poised to become the world's largest trading nation by 2016 and will account for 12.3% of world trade by 2026. An HSBC Trade Connections report, also highlighted that China is currently the MENA region's second largest trading partner after the USA. Three out of five of China's overall top emerging importers are oil importers from within the MENA region: Qatar, Bahrain and Egypt.
Middle East Maritime Talks Emissions
Fuel, emissions and green technology is one of the crucial areas to come under discussion at one of the conferences that will take place alongside Seatrade Middle East Maritime 2008. Like other industries globally, shipping is facing increasingly tough international challenges to achieve emission reductions. Det Norske Veritas, one of Seatrade Middle East Martime's principal sponsors, believe that carbon dioxide emissions can be reduced by as much as 30–50% by actions taken on existing vessels now and for new buildings prior to 2030. The region is playing an increasingly important role in world shipping with the now one of the most active international maritime centres in the world.
STATS Group Appoints First Middle East Director
Pipeline engineering company, STATS Group, has appointed Angus Bowie as Regional Director for the Middle East North Africa (MENA) in a move which heralds a major expansion in the region. Mr Bowie was previously Technical Director and has relocated from Aberdeen to Abu Dhabi where he will oversee the opening of new workshop and warehousing facilities and recruiting staff. STATS Group was recently awarded a 10 year multi-million pound contract by Qatargas and views the Middle East…
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.
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.
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.
Wilhelmsen Middle East Wins WCA Award
Wilhelmsen Ships Service is proud to announce that it has won the WCA (World Cargo Alliance) Best Partner Award - Middle East 2009. Wilhelmsen Ships Service has been a member of the WCA, a global network of independent international freight forwarders, since 2003. The company participated with representatives from their Middle East, India, Norway, Thailand and China branches in the Bangkok WCA partner conference in January. At the conference, over 500 WCA members met their peers face-to-face building new business relationships and strengthening existing ties through more than 6…
Bahri Voted Best Managed Shipping Co. in Middle East
The National Shipping Company of Saudi Arabia ("Bahri" )named by Euromoney as the best managed in the transport & shipping sector, 2012. Bahri was ranked first before all transport and shipping companies in the Middle East. The award was based on a survey sent to bank analysts and equity investors who gave their opinions on the best three companies in the Middle East in the sectors included in the survey.
Rolls-Royce Sets Up MTU Middle East Subsidiary
Rolls-Royce has set up MTU Middle East as a new regional sales and service subsidiary with head office in Dubai to support distributors and business partners of MTU, MTU Onsite Energy and Bergen Engines in 21 countries in the Middle East and North Africa. In this region, high-speed and medium-speed large diesel and gas engines, drive systems and on-site power generation systems are mainly deployed in electrical power generation, the oil and gas industry, and to drive trains and agricultural machinery. MTU, MTU Onsite Energy and Bergen Engines are part of Rolls-Royce Power Systems within the Land & Sea division of Rolls-Royce. “With our new sales and service center in Dubai…
DP World Post 7.3% Volume Growth
Dubai state-owned port operator DP World Limited said it handled 17.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2018, with gross container volumes growing by 7.3 percent year-on-year on a reported basis, and 8.4 percent on a like-for-like basis."Following a strong year for the global container market in 2017 with peak levels since 2011, our portfolio has had an encouraging start to 2018 delivering ahead-of-market growth.
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…