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Friday, March 23, 2018

Dubai News

Lamin Bara  (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Two Bunker Traders

Dan-Bunkering has announced the promotion of Bunker Traders Rali Bara and Lamin Bara in its Dubai office as of March 1, 2018. Rali Bara, who joined the Dubai office in 2013 was promoted to Bunker Trader & Team Leader and has during his career with Dan-Bunkering shown great business instinct and strong leadership skills, which is why a promotion to Team Leader was an obvious next step up the internal career ladder. Lamin Bara, who was also promoted to Bunker Trader & Team Leader…

File Image: A typical DP World managed port complex (CREDIT: DP World)

DP World to Build, Manage Congolese Deepwater Port

Dubai ports operator DP World will build and manage a new deepwater port on Democratic Republic of Congo's Atlantic coast, the Central African country's transportation minister said on Wednesday.   Jose Makila told reporters that DP World would hold a 70 percent ownership stake in the port at Banana while the government would control 30 percent.   Reporting By Amedee Mwarabu 

Photo: Government of Dubai Media Office (GDMO)

DP World, Tata Group Mull Cooperation Opportunities

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior  executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries…

VLCC voyages Ex Arabian Gulf Image courtesy McQuilling Services’

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…

Mina Rashid. Photo by DP World

Dubai Eyes 1 Million Cruise Tourists

Dubai plans to build a marina for luxury yachts in response to high demand as the emirate is targeting one million cruise passengers per year by 2020, said Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation. The increase will mostly come from beefing up infrastructure at the region’s largest cruise terminal, Mina Rashid, which will also include building a marina for luxury yachts. The government is investing heavily to transform its most popular port, Mina Rashid, into a world-class cruise destination.

(File photo: DP World)

Somalia Bans DP World, Says Contract with Somaliland Null

Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's federal government could enforce the ban given Somaliland's semi-autonomous status. But parliament's unanimous passing of the resolution banning DP World from working in the country underscored growing rivalries in the strategic Horn of Africa region over the Dubai state-owned port operator's investments.

MPC Container Ships Acquires 5 Feeder Vessels from Simatech

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash. MPC said it will establish wholly-owned subsidiaries to take over the five vessels, which include Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).

© homocosmicos / Adobe Stock

Djibouti Says Its Container Port to Remain in State Hands

Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location is of strategic value to countries such as the United States, China, Japan and former colonial power France, all of whom have military bases there. Djibouti last month terminated the concession of Dubai's state-owned DP World to run the port…

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with Panamanian President Juan Carlos Varela during their meeting in Dubai yesterday. Photo DP World

DP World, Panama to Strengthen Ties

Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…

Launching of the United Arab Emirates Marine Environment Protection Association Photo UAE MEPA

UAE Marine Environment Protection Association launched in Dubai

The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Environment Protection Association. The signing ceremony took place at the beginning of the 9th Offshore Arabia Conference at Dubai in the presence of the Secretary General of IMO, Mr. Kitack Lim, UAE high standing functionaries and representatives of organizations and companies from within world shipping.

His Excellence Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs, and Free Zones Corporation, Chairman of DMC

Dubai Maritime Vision 2030 Launched

Dubai Maritime City Authority (DMCA) has announced its firm commitment to supporting the Dubai Maritime Vision 2030 plan of creating a vibrant and safe maritime environment in the next two decades and establishing Dubai as a leading global maritime hub. His Excellence Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs, and Free Zones Corporation, Chairman of DMCA, said: “Dubai Maritime Vision 2030 is of strategic significance as it underpins efforts to improve the local maritime sector.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, Republic of Somaliland Minister of Foreign Affairs and International Co-operation Dr. Saad Al Shire and company and government officials at the signing of the agreem

DP World: Work on Berbera Project Underway

The final agreement to develop a greenfield economic free zone in Somaliland to complement the growth of the Port of Berbera has been signed between DP World and its government in Dubai. The global trade enabler expects to break ground on the 12 square kilometre free zone project this year. Located next to the port, it will support the growth of Berbera as a regional trading hub and generate jobs. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said: “Our vision for Berbera…

L to R: Ahmed Bin Sulayem, Executive Chairman, DMCC and Amer Ali, Executive Director, DMCA.

Dubai Maritime Club Launched

The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative aimed at nurturing a dynamic network of maritime professionals. Launched in collaboration with DMCC (Dubai Multi Commodities Centre), the authority on trade, enterprise and commodities in Dubai, the Club will facilitate regular meetings for members irrespective of the location of their activity…

DMCA Seeks Best Safety Practices

Dubai Maritime City Authority meets jet ski operators to discuss ways of improving maritime safety in line with best practices. As part of the continuous cooperation between various public and private sector entities in Dubai, Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, recently met several jet ski companies and agencies in Dubai. This initiative reflects DMCA’s keenness to implement best practices and get a comprehensive understanding of the requirements of the private sector…

Amer Ali, Executive Director, Dubai Maritime City Authority.

DMCA Moves Forward with Maritime Safety Policy

The Dubai Maritime City Authority (DMCA) is proceeding with the implementation of its Maritime Safety Policy as part of the first-of-its-kind maritime sector strategy’s initiatives for developing, organizing and promoting Dubai’s maritime industry. The new policy reflects the commitment of local government authorities to providing all forms of support to consolidate Dubai’s position as a leading global maritime hub. It will promote maritime development and safety by requiring higher levels of operational performance and advanced…

Executive Chairman of DMCC, Ahmed Bin Sulayem and Amer Ali, Executive Director, Dubai Maritime City Authority. Photo by DMCA

DMCC, DMCA to Promote Dubai’s Maritime Sector

DMCC has signed a Memorandum of Understanding (‘MoU’) with the Dubai Maritime City Authority to help promote Dubai to the maritime sector as a global destination for companies wanting to set up and expand into the GCC and MENA region. The MoU provides a collaborative framework for DMCC Free Zone and Dubai Maritime City Authority to work toward this goal, and will also jointly explore the development and implementation of m-Government initiatives relevant to the maritime sector in Dubai in accordance with the Dubai Smart Government initiative.

Clarksons Platou's Inaugural Seminar at DMCA’s Dubai Maritime Week

The Dubai Maritime City Authority (DMCA) is set to facilitate a first-of-its-kind seminar dedicated to Middle East shipping and offshore activities. The event will be conducted by Clarksons Platou, a global leader in maritime brokerage and investment banking, as part of Dubai Maritime Week 2016 – the third edition of the region’s first comprehensive maritime event organized by the Authority, which will run from October 30 to November 3. The seminar is expected to attract several…

Pic: Cosmos

DP World Acquires Cosmos Agencia Maritima in Peru

Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm  Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade…

Ground breaking at Dubai Photo GAC

GAC Breaks Ground on New Dubai Facility

GAC Dubai has broken ground on the site of its newest contract logistics facility that will bring its total capacity to more than 200,000 pallet positions serving customers active in the local and regional markets. Construction of the three chamber warehouse and executive office complex in the Logistics District of Dubai South is due to be completed in the fourth quarter of 2017, with operations expected to go live in January 2018. It will add to GAC’s existing contract logistics capacity and complements established facilities in the Jebel Ali and Dubai Airport Free Zones.

A safety drill conducted at a cruise ship visiting Dubai.

DMCA Adopts Cruise Safety Measures

Dubai Maritime City Authority adopts best practices to increase safety and security of cruise ships. New measures implemented in collaboration with Dubai Tourism & Commerce Marketing. Dubai Maritime City Authority (DMCA), the maritime government entity charged with regulating, coordinating and supervising the maritime sector in Dubai, has announced the establishment of a cruise ship task force in line with its continued efforts to ensure the safety of cruise ships arriving in Dubai and to reinforce Dubai’s preparedness to deal with potential maritime accidents.

Drydocks World – Dubai Wins Award

Drydocks World - Dubai, a ship repair, conversion and new building yard and flagship company of Drydocks World, won the Shipbuilding/Shiprepair Award at the Lloyd’s List Middle East and Indian Subcontinent Awards 2009 for the fifth consecutive year. In addition, Nawal Saigal, Managing Director, Drydocks World - Dubai, was named Personality of the Year for his strategic positioning of the shipyard, advocating investment and seizing opportunity in the downturn. The awards committee…

DP World Jebel Ali. Photo: DP World

Dubai Shipping Volumes Sink

Dubai shipping volumes - cargo handled at Dubai's ports, which includes flagship terminal Jebel Ali - fall for third quarter Gulf News reports quoting the latest DP World figures. DP World's  ports in the United Arab Emirates, all located in Dubai, handled 3.75 million twenty-foot equivalent units (TEUs) in the three months to June 30. That is 6.2 per cent lower than the 4 million TEUs it reported for the second quarter of 2015 and follows a 5.9 per cent decline in the first quarter of 2016. Cargo volumes at its Dubai ports fell by 2.89 per cent in the fourth quarter of 2015.

Photo: DMC

DMCA Signs ‘Maritime Innovation Cooperation Agreement’ with DNV GL

Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has announced the signing of an agreement with DNV GL today at the DNV GL National Committee, which started this morning, on Tuesday (November 15, 2016), to collaborate on several maritime innovation initiatives. The agreement was signed in Dubai between Amer Ali, Executive Director of DMCA, and Knut Ørbeck-Nilssen, CEO DNV GL Maritime.

Oceanwide Logistics Opens Dubai Office

OL International Holdings LLC announced the launch of its newest office in Dubai, United Arab Emirates. Oceanwide Logistics Dubai joins the company’s growing global NVOCC network of 18 offices and more than 120 agents worldwide, many of which are part of the Oceanwide Logistics Global Network. This integrated network allows OL International to deliver powerful and seamless service to and from Dubai and ports around the world. Oceanwide Logistics Dubai will be led by Managing Director Paula Bellamy…

Khamis Juma Buamim & Nikolas Veniamis: Photo credit Drydocks World

Dubai Maritime Cluster Introduced to Ship Owners

Dubai Maritime City's facility & services were introduced at a specially convened Ship Owner’s meeting at The Capital Club at the Dubai International Financial Centre. The recent meeting was attended by Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, Nikolas Veniamis, President of Hellenic Shipping Association, Greece and also the Owner & Chairman of Golden Union Shipping in Greece, Vinod Shah from ADANI Group, Gujarat India, Robert Murhead, CEO of Mur Shipping and Tahir Lakhani, Chairman, DTA Ship Trading LLC. and Ali Lakhani, Managing Director – DTA Ship Trading.

Dubai service station

ABB's 25th Year in Dubai

ABB Turbocharging is celebrating its 25th anniversary in UAE. Established in 1989 in Dubai, ABB has grown to become a fully-fledged service station capable of carrying out all repair works with 27 employees in three locations. ABB Turbocharging Dubai provides customers with turbocharging solutions for land-based diesel power plants with a strong focus on the marine segment in both seaports and offshore anchorages at Khorfakkan, Fujairah, and major shipyards Dubai drydocks + ASRY, Bahrain.