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Friday, October 30, 2020

Middle East News

Mathieu Philippe, Commercial Director of Bureau Veritas Marine & Offshore (Photo: Bureau Veritas)

Philippe Named Commercial Director of Bureau Veritas Marine & Offshore

Mathieu Philippe has been appointed to the new position of Commercial Director – Marine at classification society Bureau Veritas. Returning to Paris, where he started his career in shipping, Philippe brings extensive experience in commercial ship operations, markets and management to Bureau Veritas. He reports to Marine & Offshore President Matthieu de Tugny, and leads the marine markets team, providing expertise and technology leadership across all major ship types, ship fuel and propulsion technology.With growing compliance requirements and demands for transparency…

René Kofod-Olsen (Photo: V.Group)

V.Group Names Kofod-Olsen as CEO

Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.

The Royal Bahrain Naval Force coalition ship, RBNS Al Muharraq, operates in the Arabian Gulf during a sentry patrol as part of the International Maritime Security Construct (IMSC). The IMSC maintains the freedom of navigation, international law, and free flow of commerce to support regional stability and security of the maritime commons. (Royal Bahrain Naval Force Courtesy Photo).

On Watch: International Coalition Monitors, Protects Middle East Shipping Lanes

The International Maritime Security Construct (IMSC) was created July 2019 as a way to deter unprofessional behavior in the waters of the Middle East region through its operational arm, Coalition Task Force (CTF) Sentinel.The IMSC comprises eight nations – Albania, Australia, Bahrain, Saudi Arabia, Lithuania, United Arab Emirates, United Kingdom and United States – who deploy personnel, ships and aircraft throughout the region as part of the international surveillance and detection effort.Since establishing CTF Sentinel…

Photo: West of England P&I Club

Hodgkinson to Lead West P&I Club’s Loss Prevention Department

West of England P&I Club said that Captain Simon Hodgkinson has been appointed as Global Head of the West’s Loss Prevention Department. He joins from Polarcus, where he was Head of Marine Operations and responsible for the performance of a fleet of ultra-modern seismic vessels. In addition to his work at Polarcus, Hodgkinson served on the DNV GL Technical Committee Middle East for six years and is a member of the Honorable Company of Master Mariners and the Nautical Institute.Hodgkinson will have global responsibility for leading the West’s Loss Prevention team of former Master Mariners…

© Mike Mareen / Adobe Stock

Maersk to Ship Cargo Between UAE and Israel

Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israel, a further sign of business opening up after the two countries established full ties.Earlier this month Israel and the UAE signed an historic agreement to normalize relations, marking a big development in economic collaboration and ending a ban on trade between the Gulf Arab state and Israel.“We have opened up cargo acceptance between UAE and Israel following the lifting of the boycott,” a Maersk spokesman said.Maersk, the world’s number one container line, said any trade would be fo

CSL Frontenac loading grain at the Port of Thunder Bay. Photo Credit: Michael Hull, Chamber of Marine Commerce)

Grain Shipments via St. Lawrence Seaway Climb

Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.The rush of grain, which is carry over from last year’s crops, has helped to offset continuing pandemic-related declines in other key cargoes such as iron ore (down 23%)…

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DP World to Partner with Israeli Firm in Bid for Haifa Port

Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel's DoverTower including a joint bid in the privatization of Haifa Port on the Mediterranean…

© ultrabarqueros / MarineTraffic.com

S.African Court Allows Livestock Ship to Sail amid Cruelty Concerns

A South African court ruled on Tuesday that a Kuwaiti firm could ship thousands of sheep to the Middle East, dealing a blow to animal welfare activists seeking to ban such exports on concerns that extreme heat could kill the animals en route.In the high court case, South Africa’s National Society for the Prevention of Cruelty to Animals (NSPCA) sought an interim injunction to prevent Kuwaiti livestock exporter Al Mawashi from sailing a vessel loaded with sheep out of South Africa’s East London port.In papers filed with the court…

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China Ramps up US Oil Purchases Ahead of Trade Deal Review

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the Phase 1 of the trade deal.China had emerged as a top U.S.

Jack Mahoney is the new President and CEO of Westwood Shipping Lines (Photo: Westwood Shipping Lines, Inc.)

Mahoney Named President and CEO of Westwood Shipping Lines

Longtime Maersk executive Jack Mahoney has been named president and CEO of Westwood Shipping Lines, Inc., a Puyallup, Wash. based independent conbulk liner carrier in the north Transpacific trade. He succeeds Guy Stephenson who is retiring after 13 years in the role. Stephenson will continue in a support role as Executive Advisor/General Counsel.Mahoney’s recent posts with Maersk include three years as President of Maersk in Canada and, more recently, he has been Vice President of the Automotive Industry in Florham Park…

© Eddy Ulin / MarineTraffic.com

PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite

Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters.The United States has blacklisted vessel owners, shipping operators and threatened to sanction any tanker facilitating the country’s oil exports as it tightens restrictions on trade with the South American country.Washington has been trying to weaken socialist President Nicolas Maduro by choking the OPEC member’s oil exports…

(Photo: Trafigura)

Trafigura Offers COVID-19 Premium

Commodities trader Trafigura Beheer has become the first company to offer a defined Covid premium on an Asian syndicated loan, paying up to an extra 20bp all-in on its latest US$1bn-equivalent financing.The novel pricing structure is a first for Asia, if not globally, and could set a precedent for other price-sensitive borrowers looking to limit the long-term effects of the pandemic on their funding costs.Without the Covid premiums, the terms of Trafigura's new deal are little…

Image Credit: Mammoet

New Mammoet Crane in Operation in Lagos Deep Offshore Logistic Base

Nigeria's Lagos Deep Offshore Logistic Base, LADOL, serving the country's offshore oil and gas industry, now has a new crane in operation - Mammoet Terminal Crane (MTC 15).LADOL and Mammoet had in January signed a partnership agreement aimed at growing LADOL’s capacity for project cargo handling and logistics for industrial sectors in West Africa. Mammoet then supplied LADOL with its heavy-lift terminal crane - MTC 15 - which has transformed LADOL’s quayside into a heavy lift terminal.

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From Arabian Gulf to Horn of Africa: the Politics of Port Infrastructures

A team of experts aims to examine how increasing Gulf investments in port infrastructures in the Horn of Africa has shaped its political landscape.Backed by funding from the Carnegie Corporation New York, the $500,000 research project will explore the relationship between the Middle East and East Africa – focusing on port infrastructures and transport corridors.Carnegie Corporation is the philanthropic foundation established by Andrew Carnegie in 1911 ‘to promote the advancement and diffusion of knowledge and understanding’.

© Björn Wylezich / Adobe Stock

Geopolitics Dominate the Oil Tanker Market -BIMCO

Developments in the oil tanker market in the past decade dominated by geopolitics, says shipping association BIMCO.Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets. The first major disturbance since the fall in the oil price between the fourth quarter of 2104 and first quarter of 2016 came in the fourth quarter of 2019, after which freight rates have bounced back despite a collapse in demand.In these extraordinary times…

© Igor Yu. Groshev / Adobe Stock

Suez Canal Ship Transits Rise Amid COVID-19

Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year. This is despite bleak economic growth prospects world-wide following the pandemic, and highlights that shipping remains the backbone of the global economy.It is often said that a picture says more than 1,000 words, but 6,166 ship transits in the Suez Canal can certainly also tell an interesting tale.

(Photo: DP World)

DP World Completes Integration of Unifeeder and Feedertech

DP World announce Tuesday it has finished integrating its recent acquisitions Unifeeder and Feedertech, creating a feedering and shortsea network serving hundreds of ports across the globe.Unifeeder, which recently acquired Feedertech, operates feeder and shortsea services around northern Europe and throughout the Mediterranean and Northern Africa regions. Feedertech provides similar services connecting ports in Southeast Asia, the Indian subcontinent and the Middle East. The…

© joyt / Adobe Stock

Singapore Retains Its Place as World's Top Shipping Hub

Singapore has maintained its position as the world's top shipping hub for the seventh year straight, according to a report published by the Baltic Exchange and Chinese state news agency Xinhua.The Xinhua-Baltic International Shipping Center Development (ISCD) Index, now in its seventh edition, assesses factors including port throughput and infrastructure; depth and breadth of professional maritime support services; as well as the general business environment in its attempt to…

The car carrier Golden Ray sits capsized in St. Simons Sound, Ga. (U.S. Coast Guard photo by Brian McCrum)

Total Shipping Losses Are Declining, But Challenges Persist -Report

The record low 41 large shipping losses worldwide in 2019 represents a 20% improvement year-on-year and almost 70% over a decade, but the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges, according to recent report from marine insurer Allianz Global Corporate & Specialty (AGCS).Consequences of coronavirus and a sustained…

Source: BIMCO, Clarksons

BIMCO Tanker Rate Analysis: Reality Kicks In, Rates Fall

Tanker shipping: sky high freight rates replaced by reality of falling global oil demandGeopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year.Demand drivers and freight ratesThe tanker shipping industry was once again caught in a whirlwind, as freight rates skyrocketed with little regard to the poor market fundamentals before the latter once again caught up with rates.

File photo: Livestock carrier Al Kuwait (© Bob Prins / MarineTraffic.com)

Livestock Ship Held off Australia Due to Coronavirus Outbreak

A Kuwaiti livestock ship, without animals aboard, was being held off Australia’s west coast after six crew members tested positive for the new coronavirus, authorities said on Tuesday, heightening concerns over how arrivals by sea are handled.The Al Kuwait left the Middle East on May 7 and docked near the city of Perth on May 22 after telling the Australian immigration and agriculture authorities that some crew members had raised temperatures, Western Australia Premier Mark McGowan…

© Jonas Weinitschke / Adobe Stock

Ports Pledge to Stay Open During COVID-19

Dozens of seaports across Asia, Oceania, Middle East, Africa, Europe and Americas have pledged to remain open to merchant vessels to ensure the flow of essential goods throughout the coronavirus pandemic.To date, more than 50 port authorities have signed on to support the Port Authorities Roundtable (PAR) COVID-19 declaration, initiated by the Maritime and Port Authority of Singapore for ports to commit to staying open to merchant vessels and work together to share best practices in ensuring that port operations can remain undisrupted.“Now is the time…

(Photo: Fednav)

Fednav Combines Its Shipping Business Units

Canadian bulk shipping company Fednav said Monday it will reorganizing its commercial and technical shipping businesses under one management entity.The Marine Department, led by Executive Vice-President Tina Revsbech, will unite the traditional Chartering and Operations teams with their counterparts in the Shipowning, Technical, and Arctic units.In addition, Fednav announced the appointment of Isabelle Brassard as Senior Vice-President, Logistics and Sustainable Development, effective September 2020.Reporting to Paul Pathy…

© Pavel Losevsky / Adobe Stock

Bunkering at UAE's Fujairah Plummets in May

Ship fuelling activity in Fujairah in the United Arab Emirates, a bunkering and fuel storage hub in the Middle East, fell in May as declining demand was made worse by slowing global trade because of the coronavirus pandemic, four trade sources said.Fujairah's ship refueling, or bunkering, volumes shrank to about 200,000-300,000 tonnes in May, down from average volumes of about 700,000-800,000 tonnes, said the sources with knowledge of the regional trade who declined to be identified."It's all things COVID…

World Security unveiled the first autonomous security surveillance boat to enable a more seamless, safe and efficient operations in addition to coping with the uncertainty of the current changing environment caused by COVID-19 (Photo: DP World)

Autonomous Security Surveillance Boat Launched in the UAE

DP World, UAE Region’s next-generation security solutions provider World Security has launched the first autonomous security surveillance boat in the Middle East to upgrade security and surveillance at Jebel Ali Port, Mina Rashid, Mina Al Hamriya and other facilities in the UAE.The state-of-the-art boat introduces an extra dimension to World Security's portfolio of solutions, demanded by the uncertainty of the current changing environment caused by the COVID-19 pandemic.It also marks a new stage in World Security’ rising profile as Dubai’s industry leader for marine…

(Photo: Kotug)

Kotug Acquires Marsol

KOTUG International B.V. has completed the 100% acquisition of Marsol International Ltd., an offshore and marine terminal service center, specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.The core business of Marsol is integrity management based commercial and technical marine service solutions for SPM and offshore terminals. Over the years Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries. Marsol’s operational headquarters are based in Dubai.