P&O Cancels Dubai, Gulf Voyages amid Iran Tensions
P&O Cruises has cancelled cruises around Dubai and the Arabian Gulf after Iran seized a British-flagged tanker in the region.Citing increased tensions, the company said it has cancelled its planned programme in the region from October until at least March next year and all guests be issued a full refund.Last month, Iran's Revolutionary Guards seized a British tanker, Stena Impero, near the Strait of Hormuz for alleged marine violations.
Hapag-Lloyd Launches New Africa Service
Hapag-Lloyd is expanding its African liner services and will offer its MIAX (Middle East-India-Africa Express) service starting in October 2019. It will include direct connections between the Arabian Gulf, India, Colombo (Sri Lanka), La Réunion, South Africa and West Africa.MIAX is integrated into the Global Mainline Network with the central ports Jebel Ali (Dubai) and Colombo. Hapag-Lloyd will operate MIAX jointly with Ocean Network Express.
Hapag-Lloyd Adds VRS
German container shipping company Hapag-Lloyd has decided to implement a global vessel risk surcharge (VRS) following recent maritime incidents in the Gulf of Oman.The container line said that operating costs for its services have increased in the Middle East Gulf region as a result of tanker attacks that took place in the Strait of Hormuz.Other major carriers including CMA CGM, X-Press Feeders, and NYK have already impose a war risk surcharge on cargo destined for the Arabian Gulf or Middle East region due to heightened tensions in the region.As of July 15…
BIMCO: VLCC Freight Rates from Gulf to China Doubles
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on June 20, their highest level since March and significantly above the May average of USD 9,979 per day.Despite this increase, freight rates on this route only narrowly exceeds the daily break-even costs of a VLCC…
Concern Over Trade Wars Impacts Shipping Confidence
Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level in the three months to May 2019 was 6.1 out of a possible maximum of 10.0. This is slightly down on the figure of 6.2 recorded in February 2019.Confidence was up in Asia, from 5.8 to 6.0, and in North America, from 5.6 to 6.4.
Rowan Gets New Contract by Turkish Petroleum
Offshore driller Rowan Companies has been awarded a two-well contract for its Rowan Norway jack-up rig in the Mediterranean Sea by Turkish Petroleum.Rowan Companies announced that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a two-well contract in the Mediterranean Sea by Turkish Petroleum with an estimated duration 100-140 days.The contract is expected to commence in late 2018. The Rowan Norway is currently warm-stacked in the United Kingdom sector of the North Sea.
Transmar Eyes Growth from Adabiya Port
Egyptian container shipping line Transmar said it has leveraged the Port of Adabiya in an effort to strengthen its presence across Middle East and East African routes.With a growing interest in container services and a recovery in the Egyptian economy, Transmar sees the port as the focal point of its operations to service its UAE, Saudi Arabian and East African clients thanks to its location and facilities, which include a free zone area of about 62 feddans overlooking Suez bay coast. It is also the key port for palm oil imports into Egypt.
Hapag-Lloyd Investing in East Africa
German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa, and from there to Dar es Salaam, in Tanzania, and directly back to Jeddah. The service will be expanded in September with a weekly connection to and from Nhava Sheva, Mundra, Khor Fakkan, Jebel Ali, Mombasa and Dar es Salaam.
Mermaid Maritime Wins Middle East Contract
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.The contract award, with work scheduled to be performed in the Arabian Gulf during the course of August 2018 until March 2019, will involve the use of the DP2 Dive Support Vessel ‘Mermaid Endurer’ equipped with the Air and SAT Dive systems…
New US Coast Guard Commandant Takes Helm
Adm. Paul F. Zukunft was relieved as commandant of the U.S. Coast Guard by Adm. Karl Schultz during a military change-of-command ceremony held Friday at U.S. Coast Guard Headquarters.Zukunft also retired from the Coast Guard after 41 years of service to the nation as part of the same ceremony and received the Homeland Security Distinguished Service Medal from President Donald J. Trump."Truly, Mr. President, you honor the men and women of the United States Coast Guard serving around the world today as 2018 was the largest appropriation ever for the Coast Guard," said Zukunft.
US Coast Guard to hold change-of-command ceremony
U.S. Coast Guard Commandant Adm. Paul F. Zukunft will be relieved by U.S. Coast Guard Atlantic Area Commander Vice Adm. Karl L. Schultz on June 1, 2018, at 1100 hours at U.S. Coast Guard Headquarters in Washington, D.C. Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard in March. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area, previously served as the operational commander for all Coast Guard missions from the Rocky Mountains to the Arabian Gulf…
Tanker Market Grappling with More Uncertainty
Tanker shipping: Added uncertainty is not helpful to the struggling tankersDemandJust when you thought it could not get any worse for the tanker shipping industry, the U.S. is reimposing sanctions on Iran coming into force after a six months wind-down period ending on November 4, 2018. The immediate effects are less tangible but sure to add more uncertainty to the whole shipping industry that has plenty of uncertainty to deal with already.At the same time, freight rates for both crude oil tankers and oil product tankers are mostly in loss making territory.
Vanderhaden Named USCG Master Chief Petty Officer
The U.S. Coast Guard announced Tuesday Command Master Chief Jason M. Vanderhaden has been selected as the 13th Master Chief Petty Officer of the Coast Guard. The Master Chief Petty Officer of the Coast Guard is the service's most senior enlisted member and advises the commandant on matters related to the enlisted workforce. In addition, Command Master Chief George Williamson was selected as the seventh Reserve Force Master Chief of the Coast Guard. Vanderhaden and Williamson will assume their offices May 17, 2018, during a Change of Watch ceremony in Washington, D.C.
Dubai Weakness Promotes AG Exports
In McQuilling Services’ March Short-Term Outlook, we expressed our expectation of higher crude demand out of the Arabian Gulf in the near term due to recent weakness in Dubai crude pricing. In our report, we note the expansion of the Brent-Dubai crude differential, averaging about US $3.04/bbl through the first half of March, up from US $2.61/bbl in February. The growing presence of US crude flows to Asia is likely a supportive factor as we observed February crude exports average roughly 1.5 million b/d…
VADM Schultz Nominated as 26th Coast Guard Commandant
Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area, currently serves as the operational commander for all Coast Guard missions from the Rocky Mountains to the Arabian Gulf, spanning across five Coast Guard Districts and 40 states. Pending confirmation, he is expected to relieve Commandant of the Coast Guard Admiral Paul F.
THE Alliance Goes Strengthened Into 2018
After its first year of cooperation, the members of THE Alliance announced the details for their enhanced product effective from April 2018. THE Alliance plans to deploy a fleet of more than 250 modern ships in the Asia /Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea. “After one year of cooperation we are proud to say that our services and the network improved significantly“, said the member carriers Hapag-Lloyd, Ocean Network Express and Yang Ming in a statement.
Damen Shipyards Delivers Vessel to MC2
Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf. This is the first transaction between the two organisations and Damen is delighted to be setting out on what it hopes will be a productive and long-lasting relationship with MC2. The transaction is also a milestone as it represents the first deliveries of the Fast Crew Supplier (FCS) 4008 class, Damen’s latest addition to its FCS range.
Bahri Reinforces Americas Commitment
Reinforcing its three-decade-long presence in North America, transportation and logistics firm Bahri took part in Breakbulk Americas, being held from October 17-19, in Houston. The Bahri booth at Breakbulk Americas was opened by Mr. Sultan bin Abdullah Al-Angari, Consul General of Saudi Arabia in Houston, during a ribbon-cutting ceremony on the first day of the annual event in the presence of Amal Al-Ruwaii, Director for Trade and Investment, Embassy of the Kingdom of Saudi Arabia in United States of America…
Shaw Takes the Helm at ASRY
Andrew Shaw has taken up his new position as chief executive at ASRY, ship and rig repair yard in the Arabian Gulf. Effective January 4, Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of the ASRY Offshore Services division from 2009 to 2014. Shaw has more than 25 years experience in the global maritime industry. He was most recently group managing director for 2.5 years at a U.K. ship repair and conversion company.
OPTECH South 2017: Littoral Challenges in Colombia
Naval experts from around the world are meeting in Cartagena, Colombia, for the Operations and Technology (OPTECH) South 2017 conference. The event is being conducted by the U.S. Naval Postgraduate School’s (NPS) Littoral Operations Center (LOC), supported by the Office of Naval Research-Global and the Colombian Naval Science and Technology Office and Swedish defense company Saab. The littoral is the complex “near shore” environment where hydrography, geography, commerce, fishing…
Saqr Port Orders Damen ASD Tug
Saqr Port, part of Rash Al Khaimah (RAK) Ports, has signed a contract with the Damen Shipyards Group for the delivery of an ASD 2913 tug. The vessel will be built a short distance away at Albwardy Damen in Sharjah and will be delivered in time for the opening of the new bulk terminal at Saqr Port in mid-2018. Saqr Port is a major bulk-handing port in the Middle East and a vital part of the regional economy. Located at the foot of the Hajar Mountains, it serves the fast-growing quarry industry in the emirate of Ras Al Khaimah.
CMA CGM Launches INDIAMED
CMA CGM has announced the launch starting July 2 of its new service between the East Mediterrane an, Djibouti, Arabian Gulf, Pakistan and India. The service is one of the fastest between these strategic zones and connects CMA CGM hubs in the Mediterranean and the Arabian Gulf. INDIAMED will complement our MEGEM (East Mediterranean to/from Middle East) and MEDEX (West Mediterranean to/from Middle East & Indian Sub-Continent) offering synergies between services to allow an improved port coverage of these areas and better connections.
APM Terminals Mumbai Adds New Arabian Gulf/Mediterranean Direct Service
French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai. The service, linking South Asia with ports in the Arabian Gulf and Mediterranean, was officially introduced on July 2nd, operating with vessels provided by CMA-CGM, its APL subsidiary, and Chinese-based Alliance partner COSCO. The weekly INDIAMED service provides the fastest transit times between India and CMA CGM hub ports in the Mediterranean and Arabian Gulf…
Gulftainer Receives Maiden Call of CMA CGM Virginia
Gulftainer, the largest privately owned independent port operator, has marked the maiden call of the CMA CGM Virginia vessel with a capacity of 5,095 twenty-foot equivalent units (TEU) at its flagship Khorfakkan Container Terminal (KCT). The vessel call was completed in a record 5.6 hours, approximately 8.4 hours ahead of schedule. CMA CGM, a leading worldwide shipping group, currently operates a diversified fleet of 445 vessels with a combined capacity of over two million TEU.
Milaha Launches Direct Container Service Between Qatar and Kuwait
Milaha, a Qatar-based maritime and logistics conglomerate, has launched the first ever direct feeder service between Qatar and Kuwait. The new service, named KQX (Kuwait Qatar Express Service), will operate between Hamad Port in Qatar and Shuwaikh Port in Kuwait once a week initially, using a 515 TEU vessel. With 50 reefer plugs available on the vessel and a highly competitive transit time of 1 day, the new service is ideal for transporting perishable products and food stuff, among other cargoes…
Shaw Appointed Chief Executive, ASRY
ASRY, the leading ship and rig repair yard in the Arabian Gulf, has announced that Andrew Shaw will be the new Chief Executive of the shipyard, effective early January 2017. He re-joins the company after previously holding the position ofGeneral Manager of the ASRY Offshore Services division from 2009 to 2014. ASRY Chairman, Shaikh Daij Bin Salman Al Khalifa, confirmed the selection: “With the current challenges facing the Middle East ship repair market, we were looking for a candidate that would bring not only relevant industry experience…