DP World to Invest $500 in Jeddah Port Upgrade
The global port operator DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.According to a press release from the UAE-based world leader in global supply chain solutions, under the agreement, DP World will invest up to $500 million to improve and modernize the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC’s)…
Iran Attempts UK Tanker Block, Fails
Britain says it fended off Iranian attempt to block its oil tankerThree Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain said on Thursday.A week after Britain seized an Iranian tanker accused of violating sanctions on Syria, London said the British Heritage, operated by oil company BP, had been approached in the Strait of Hormuz…
U.S. Urges Response "short of war" to Tanker Attack
The U.S. ambassador to Saudi Arabia said Washington should take what he called "reasonable responses short of war" after it had determined who was behind attacks on oil tankers off the coast of the United Arab Emirates.Iran was a prime suspect in the sabotage on Sunday although Washington had no conclusive proof, a U.S. official familiar with American intelligence said on Monday. Iran has denied involvement."We need to do a thorough investigation to understand what happened, why it happened…
Saudi Tankers Among Those Hit off UAE Coast
Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the security of crude supplies amid tensions between the United States and Iran.The UAE said on Sunday that four commercial vessels were sabotaged near Fujairah emirate, one of the world's largest bunkering hubs lying just outside the Strait of Hormuz, but did not describe the nature of the attack or say who was behind it.The UAE had not given the nationalities or other details about the ownership of the four vessels.
U.N. Struggles to Implement Deal over Disputed Yemeni Port City
The guns have mostly fallen silent around the Yemeni port of Hodeidah and the skies are clear of warplanes, but a U.N.-sponsored deal for the warring armies to quit the city has stalled, risking efforts to end a conflict that has pushed the country to the brink of famine.The Iranian-aligned Houthis and the Saudi-backed government agreed to a ceasefire in Hodeidah and to withdraw forces at peace talks in Sweden in December following months of diplomacy and Western pressure to end…
XLProjects Gains ISS in United Arab Emirates
Inchcape Shipping Services (ISS) serves Dubai with regular scheduled airfreight consolidations, handling a wide variety of cargo’s with the greatest ease. Their logistics professionals specialize in servicing all your airfreight needs, from documentation to communications to worldwide shipment tracking. Focused but not confined to import/export to the whole of GCC, their air cargo operation is streamlined to make trade and commerce easy for importers and exporters of the Arabian Peninsula. ISS handles all aspects of ocean bound cargo on behalf of importers and exporters worldwide.
Middle East Oil & Gas Shipping Routes are at Risk
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…
Kanoo Shipping Acquires Wallem South Africa
Kanoo Shipping, a shipping agencies in the Middle East will acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town. Wallem South Africa, now Kanoo Africa PTY LTD, was part of The Wallem Group, the world’s largest providers of Ship Management, Ship Agency, Ship Broking, Commercial Vessel Management and Freight & Logistics. The strategic acquisition by the fully owned business division of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo) will give it access to all South African ports as well as clients in Mozambique…
Natural Catastrophes Dominate 2018 Marine Risk Landscape
Business interruption (BI) and cyber incidents interlink as the major threat for companies globally in 2018, according to the insight of 1,911 risk experts from 80 countries in the Allianz Risk Barometer 2018. However, for marine and shipping companies, natural catastrophes (34 percent), including storm, floods and earthquakes, takes the top spot – up from number four in 2017. BI tied with cyber incidents (31 percent), for the second spot followed by theft/fraud/corruption (27 percent) and fire/explosion (25 percent) to round out the top five business risks in the maritime sector for 2018.
CRMG Cranes Delivered for Liverpool2 Development
A further six cantilever rail-mounted gantry (CRMG) cranes arrived in the River Mersey on Thursday, October 6, ready for installing and commissioning at the Liverpool2 deep-water container terminal. Produced by Chinese manufacturer ZPMC, which also supplied the five ship-to-shore cranes and other CRMGs already on site, these six complete the set of 12 required for phase 1 of the terminal. Ultimately the site will have eight STS and 22 CRMG cranes as part of a £100m ($122m) equipment investment.
Arabian Shipping at Risk of Al Qaeda Attack
Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces and their allies to push back the group, Reuters reports quoting a top officer in an international naval force. Al Qaeda in the Arabian Peninsula (AQAP) confirmed on Saturday it had withdrawn from the southern Yemeni port of Mukalla - a week after Yemeni government and Emirati soldiers seized the city that was used by the Islamist militants to amass a fortune.
VLCC Segment Shows Modest Growth
In the Very Large Crude Carriers (VLCC) segment, which showed modest growth in overall volume from 2014 to 2015, the main changes were concentrated in the eastern hemisphere, says a report by Tanker Research & Consulting department at Poten & Partners. In the Middle East, there was a significant increase in movements from the Arabian Gulf to the Red Sea. Reported VLCC fixtures increased almost fivefold from 12 in 2014 to 56 in 2015, mainly as a result of the startup of the 400,000 barrels per day (bpd) Yanbu refinery at the end of 2014, which is located on Saudi Arabia’s Red Sea coast.
Happy Reunion with CMA CGM
CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean. CMA CGM presented its new strengthened services offer linking the Reunion Island during the inauguration of the Group’s new offices, on Tuesday 26th January. The event took place the day before the inauguration of the New Port Reunion. The Reunion Island now becomes CMA CGM Group’s maritime hub in the Indian Ocean. CMA CGM positions the Reunion Island as a strategic hub in the Indian Ocean: by offering 5 weekly calls compared to 3 previously…
China to Start Its First Naval Base in Africa
China is going to build a base in Djibouti, so that will be their first military location in Africa. With the establishment of a base in Djibouti, China joins the global contest for maritime and commercial supremacy, reports Al Jazeera. China has long had an economic foothold in Africa, but the base would be an expansion of its military prowess beyond the Asia-Pacific region. The agreement opens the door to the creation of a permanent Chinese military presence on the African…
RINA Launches Notation for Eco-ships
International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient Ship notation is granted to ships and new designs assessed by RINA to have very high overall efficiency of engines, a lower fuel demand at owner defined speed, deadweight higher than the average for the particular type of ship and a system to monitor their performance during their life. Dino Cervetto, head of technical services…
State-of-the-Art Dredger Launched
IHC Merwede named and launched the 23,545 kW self-propelled cutter suction dredger ‘AL BAHAR’ C/D HUTA 12 in a ceremony on March 8, 2014 at the company’s shipyard in Kinderdijk, The Netherlands. It is building the innovative vessel for Huta Marine Works, which is based in Saudi Arabia. The ceremony was performed by Sylvia Wuebbens, the daughter of M. Wuebbens, the Managing Director of Huta Marine Works. The contract for the design, construction and delivery of the vessel was signed between Huta Marine Works and IHC Holland, part of IHC Merwede, on October 11, 2012.