Uae News

Marine fuel sales at the United Arab Emirates' Fujairah port hit a three-month low in May, data showed, while market sources said they are monitoring the situation in June as conflict flares between Israel and Iran, heightening regional tensions. Bunker sales, excluding lubricants, totalled 614,296 cubic metres (about 608,000 metric tons) at the Middle Eastern bunker hub in May, based on Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights. The volumes were down 8.2% from April and by 0.2% from May last year.

Sudan said the United Arab Emirates was responsible for an attack on Port Sudan this month, accusing the Gulf state for the first time of direct military intervention in a war between the Sudanese army and the paramilitary Rapid Support Forces.The UAE denied the allegations in a statement and said it condemned the attack."It is deeply regrettable that the Port Sudan authorities continue to perpetrate violence against their own citizens, yet seek to deflect blame from their own responsibility for Sudan's internal conflict by making unfounded allegations against others…

Marine fuel sales at the Fujairah port in the United Arab Emirates recovered in March, after hitting a record low in February, latest data showed. Volumes, excluding lubricants, totalled 639,811 cubic metres (about 634,000 metric tons) at the world's third largest bunker hub, showed Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights. The volumes in March were 15.5% higher than February, logging seven-month highs. Sales of 380-cst high-sulphur marine fuel rose 17.9% from February to about 168,000 cubic metres in March, while low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, climbed 14.6% to about 472,000 cubic metres.The market share of high-sulphur bunkers was stable at 26% in March, while low-sulphur bunkers comprised 74%.

EDGE, a global technology and defense group, and CMN NAVAL, a naval shipbuilding group specializing in the design, engineering, and construction of naval and commercial vessels and mega yachts, agreed to create a new Abu Dhabi-based shipbuilding joint venture (JV) named AD NAVAL (ADN). Leveraging an existing order pipeline worth approximately EUR 7 billion, the JV will bring together both companies under an exclusivity agreement on the segment of high value small to mid-size naval vessels including Corvettes…

Marine fuel sales at the United Arab Emirates' Fujairah recovered to a three-month high in July, latest data showed.Sales volumes at the world's third-largest bunkering port, excluding lubricants, totalled 621,679 cubic metres (about 616,000 metric tons), based on Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights.The bunker sales inched 1.8% higher in July after sliding for three consecutive months, but were down 5.7% from the same month last year.Broader refuelling demand picked up at key bunker ports such as Singapore and Fujairah after crude and bunker prices

Yinson Production officially named its latest addition to the fleet, FPSO Atlanta, during a naming ceremony held at Dubai Drydocks World on December 13, 2023.FPSO Atlanta has a production capacity of 50,000 BOPD and a maximum storage capacity of 1,251,000 bbls. It will feature a carbon management process plant, which uses fuel gas for cargo tank inertization that will significantly reduce flare gas emissions through a closed flare system.Yinson Production and Enauta entered into…

The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) is acquiring Zakher Marine International (ZMI), adding 24 jack-up barges and 38 offshore support vessels to its fleet. ZMI is an Abu Dhabi-based owner and operator of offshore support vessels, with what ADNOC says is the world’s largest fleet of self-propelled jack-up barges. On completion of the transaction, which is subject to customary regulatory approvals, ADNOC Logistics & Services (ADNOC L&S) total fleet will amount to more than 300 units.With the acquisition of ZMI…

Abu Dhabi Maritime, the custodian of all of Abu Dhabi’s waterways and marine ecosystems, has assumed responsibility for all ferry services operating within Abu Dhabi’s waterways.Operating under the AD Ports Group, with guidance from the Department of Municipalities and Transport (DMT), the organization is integrating the Ferry Operations Branch of the Integrated Transport Centre (ITC) under the scope of its services. The move will see Abu Dhabi Maritime manage and oversee the daily operation of the Emirate’s two major ferry lines — the Dalma Island Water Transport Service…

Dubai's Drydocks World has begun work on a part of a turret mooring system for Jotun FPSO, for Bluewater Energy, with the end client being Var Energi in Norway.Namely, Drydocks said Wednesday it had held a steel-cutting ceremony to mark the start of production of the turntable project for the FPSO.According to the company, this turntable is part of a Turret Mooring System (TMS) for the Jotun A FPSO, which will be permanently moored and operated at the Balder field in the Norwegian Sector of the North Sea.The turntable is 24 meters in diameter and 10 meters high, weighing around 925 tons.

Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm, as it is also building the Alpha HVAC substation.The HVAC platform will form part of a renewable energy wind farm, located in the HKZ grid connection in the Dutch sector of the North Sea. The topside will weigh approximately 3…

The Dutch owner of a fleet of offshore jack-up service vessels Seafox has made a non-binding proposal to take over the UAE-based jack-up specialist GMS. Both companies provide offshore service support jack-up units for hook-up and commissioning in the oil & gas and offshore wind industries.Seafox made the proposal on Sunday, April 26, citing "recent trading and share price volatility in relation to GMS." The proposal is for a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox…

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations. It has been hurt by a downturn in the oil and gas services industry triggered by a prolonged slide in oil prices that has turned into a deep slump since the coronavirus crisis destroyed demand…