United Arab Emirates News

19 Mar 2019

Fakes Make Up 3.3% of Global Trade

Image: Organisation for Economic Co-operation and Development

Trade in counterfeit and pirated goods, mostly originated in China, has risen steadily, posing a major challenge in an innovation-driven global economy, revealed a new study.Trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the EU’s Intellectual Property Office.Trends…

14 Mar 2019

DP World downplays Trade Tensions as Profit Soars

File Image: Atypical DP World managed terminal. CREDIT: DP World

DP World, one of the world's biggest port operators, said on Thursday its business could weather international trade tensions, after reporting a 10.2 percent rise in 2018 profit."Current year has started with trading in line with expectations and whilst the near-term outlook remains uncertain with the trade war and geopolitical headwinds, we expect our portfolio to remain resilient and see increased contributions from our recent acquisitions and investments,” Sultan bin Sulayem, DP World chairman, said in a statement.The Dubai state controlled firm said it made a profit attributable to owners

14 Mar 2019

Rotech Subsea Bags Bangladesh Seabed Job

Pic: Rotech Subsea

UK-based provider of mass flow excavation services Rotech Subsea Ltd. has announced that it has signed an agreement to undertake a major seabed preparation scope for United Arab Emirates-based ULO Systems.The preparatory work will precede the installation of 12,000 concrete mattresses designed to minimize erosion by protecting a river bank on-site at a nuclear plant in rural Bangladesh.Rotech Subsea recently mobilised its state-of-the-art TRS2 Controlled Flow Excavation (CFE) tool from Rotech Asia’s Kuala Lumpur base with the work to be completed during Q1, 2019.

07 Mar 2019

Maritime Security Workshop in Djibouti

Pic: International Maritime Organization (IMO)

Sharing information among the various different agencies involved is vital for maintaining maritime security, especially where there is a strong multi-national element.That’s why International Maritime Organization (IMO)  is running a workshop in Djibouti on maritime security in the Gulf of Aden and western Indian Ocean area.The participants (from Comoros, Djibouti, Ethiopia, Kenya, Jordan, Saudi Arabia, Seychelles, Somalia, South Africa, Sudan, United Republic of Tanzania, United…

27 Feb 2019

Ferretti strengthens Middle East Presence

Image: Ferretti Group

Ferretti Group, player in the international boating industry, Group aims to further strengthen its position with the start of a new partnership with Ocean 360.Ferretti considers the Middle East market as an excellent breeding ground for high-end motor yachts. Through this agreement, Ferretti wants to give a boost to the marketing of its boats and brands in the United Arab Emirates, Oman, and Egypt.The strategic move is destined to strengthen the Italian yachts producer’s position in the Middle East…

22 Feb 2019

UAE Signs IMO Treaty

Pic: International Maritime Organization (IMO)

The United Arab Emirates (UAE) has become the latest State to accede to the International Maritime Organization (IMO)instrument providing rules for the prevention of air pollution from ships and energy efficiency requirements.This brings the total number of ratifications of MARPOL Annex VI to 93, representing 96.6% of world merchant shipping tonnage, said the UN body in a release.MARPOL Annex VI limits the main air pollutants contained in ships exhaust gas, including sulphur oxides and nitrous oxides, and prohibits deliberate emissions of ozone depleting substances.

22 Feb 2019

Fincantieri in Pact with Abu Dhabi Shippbuilding

Image: Abu Dhabi Ship Building

Italian shipbuilder Fincantieri and Abu Dhabi Shipbuilding (ADSB) have reached a framework agreement to explore future forms of industrial and trade collaboration in the shipbuilding sector in the UAE.The accord is part of Fincantieri's development strategy in the Middle East based on fostering local activities both in the shipbuilding segment and in services and after sales activities in the region, a statement from Fincantieri said.The details of the accord between Fincantieri and ABDS - which is specialized in the construction…

20 Feb 2019

UAE Eases Qatar Shipping Ban

Photo: Abu Dhabi Ports

The United Arab Emirates has eased a ban on the shipping of goods between it and Qatar enforced under a political and economic boycott of Doha, according to port circulars and an industry source.The UAE, Saudi Arabia, Egypt and Bahrain severed diplomatic, trade and transport ties with Qatar in June 2017 over allegations it supports terrorism, a charge Doha denies.An Abu Dhabi Ports circular dated Feb. 12 cancelled previous directives that banned cargoes of Qatar origin from UAE waters and ports and those of UAE origin from Qatar.It maintained a ban on vessels flying the Qatar flag…

31 Jan 2019

Wintershall Appoints Helge Beuthan to Head ME

Helge Beuthan. Image: © Wintershall/Heiko Meyer

Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would take over the duties of Uwe Salge in Abu Dhabi on February 1, said a press release from the wholly owned subsidiary of BASF.The previous General Manager will return to Wintershall in Kassel, where he will take over Beuthan's area of responsibility.Helge…

31 Jan 2019

UAE, Greece, USA: Worst Vessel Dumpers

Pic: NGO Shipbreaking Platform

The United Arab Emirates (UAE), Greece and the United States of America (USA) top the list of country dumpers of ocean-going commercial vessels in 2018, according to new data released today by the NGO Shipbreaking Platform.UAE owners were responsible for the highest absolute number of ships sold to South Asian shipbreaking yards in 2018: there were 61 ships in total.Greek owners, beached 57 vessels out of a total of 66 sold for demolition. American owners closely followed with…

23 Jan 2019

IMO 2020: Fujairah Tightens Exhaust Rules Ahead of 2020

Key Middle East oil terminal bans open-loop scrubbersFujairah in the United Arab Emirates has become the latest major port to ban a type of fuel exhaust cleaning system to comply with a coming tightening in rules regarding global sulphur emissions, mirroring similar moves in Singapore and China.Under International Maritime Organization (IMO) rules that come into effect from 2020, ships will have to reduce the sulphur content in their fuel to less than 0.5 percent, compared with 3.5 percent now, forcing huge changes upon global shippers and also oil refiners.Fujairah's harbour master said in a faxed document seen by Reuters that the port "has decided to ban the use of open-loop scrubbers in its waters ...

22 Jan 2019

UAE's Fujairah to Ban Ship Exhaust Cleaner When IMO 2020 Kicks In

File image (CREDIT: AdobeStock / © dbvigaro)

The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many shipping companies have opted to fit scrubbers onboard their ships, ahead of major changes in the use of marine fuel across the world.The International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan.

22 Jan 2019

UAE's Fujairah to Ban Ship Exhaust Cleaner When IMO 2020 Kicks In

Photo: Port of Fujairah

The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many shipping companies have opted to fit scrubbers onboard their ships, ahead of major changes in the use of marine fuel across the world.The International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan.

22 Jan 2019

CADMATIC Revenues Up 29%

Photo: CADMATIC

CADMATIC reports strong growth and turnover figures for 2018: 29% growth resulting in record turnover of over $22.7m. During the same period, the company’s number of staff has increased to more than 140.With strong results also reported in 2017, the last two years have seen rapid growth at CADMATIC. Over the two-year period, its turnover has increased 45%, its number of personnel by 25% and the number of user organizations by 20%.In December 2018, the company headquarters in Turku, Finland moved to new premises across the Aurariver on Linnankatu 52.

19 Jan 2019

Bahrain's First LNG Terminal Ready for Business

Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG) floating unit arrived in the Gulf this week as the country gets ready for its maiden imports of the super-chilled fuel this year, data from Refinitiv Eikon showed.Bahrain Spirit, a floating storage unit (FSU) with a capacity of about 173,000 cubic meters, is currently anchored in Fujairah after docking in the United Arab Emirates region on Jan. 13, the data showed.The FSU is on a 20-year charter to Bahrain LNG, who is the developer of a wider receiving and regasification terminal within the Khalifa bin Salman Port facility…

18 Jan 2019

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

15 Jan 2019

BP Partners with Eni For Exploring Oman Block

Image: BP

British multinational oil and gas company BP and Italian oil and gas giant ENI have signed a heads of agreement with the Ministry of Oil & Gas of Oman to explore Block 77 in central Oman.In addition, Eni has signed with the Ministry of Oil & Gas and with BP a Head of Agreement (HoA) that sets up the principles for the acquisition of the Exploration and Production rights of Block 77 onshore.Block 77, with a total area of almost 3,100 km2, is located in central Oman, 30 km east of the BP-operated Block 61 which contains the already-producing Khazzan gas project as well as the Ghazeer project…

14 Jan 2019

R.M. Maritime to Use Port of Immingham

Pic: Associated British Ports

Associated British Ports (ABP) has secured new business handling 40,000 tonnes of steel each year at the UK’s biggest port, the Port of Immingham.Freight forwarding company R.M. Maritime, has chosen ABP to expertly handle steel destined to be used in the construction industry in the UK.The first shipment saw ABP successfully discharge over 12,579 tonnes of steel beams from the 147-metre-long New Age vessel.The steel imported from United Arab Emirates will be stored externally and then distributed by road to Rainham Steel based in Scunthorpe.Simon Bird…

27 Dec 2018

Lamprell Gets LOI to Build Jackup Pair

© Ben / Adobe Stock

Lamprell announced it has received a letter of intent (LOI) from International Maritime Industries Company (IMI), the Saudi maritime joint venture in which Lamprell is a partner, confirming the intent to award Lamprell the contract for the construction and delivery of two jackup drilling units.The rigs will be built collaboratively between the IMI and Lamprell for delivery to IMI's end client. Lamprell said it will undertake most of the fabrication work for both jackup rigs at its Hamriyah yard…

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

17 Dec 2018

Damen Delivers for Murjan Al Sharq Marine

Damen Shoalbuster 2509 Murjan 41 (Photo: Damen)

To complete an extensive oil pipeline dredging and installation project, Murjan Al Sharq Marine Contracting Co. Ltd. (MSMC) has taken delivery of three Damen vessels: a Stan Tug 1606, a Shoalbuster 2509, and a Stan Pontoon 4512 equipped with a Damen DOP Pump. For Damen, this marks the successful conclusion of a coordinated construction and delivery contract involving three shipyards in the Netherlands, China and the United Arab Emirates.The delivery ceremony of the Shoalbuster 2509 at Damen Shipyards Gorinchem was attended by MSMC Chairman Mr Abdullah Natheer and General Manager Chris Clark.

09 Dec 2018

Swissco Sells Vessels to Allianz Middle East

Image: Swissco Holdings

Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.UAE's Allianz Middle East Ship Management has signed a deal to buy most of the OSV fleet of Swissco, said a stock exchange annoucement from the restructuring vessel-owner."The Vessels are being sold on an “as-iswhere-is” basis. Only 3 of the 25 Vessels proposed to be disposed of are on charter.

07 Dec 2018

Oman Signs Djibouti Code of Conduct

Pic: International Maritime Organization (IMO)

Oman has become the 16th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region.Comoros, Djibouti, Ethiopia, Jordan, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Oman, Saudi Arabia, Seychelles, Somalia, United Arab Emirates, United Republic of Tanzania and Yemen…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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