DP World downplays Trade Tensions as Profit Soars
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
Who Wins in Shipping’s Battle for Data?
Weather has to be one of the most important building blocks of any digital operations solution. But, that’s only one of dozens of individual variables. Building a data management solution that navigates the unexpected, and not just the low hanging fruit, is the way to go.One of the most fiercely fought battles in shipping today is the battle for data. On a weekly basis, we see companies of all stripes – ship managers, owners, class societies, equipment manufacturers and even coating suppliers – investing in their own digital solutions and fiercely competing for control over data: the new oil.
CMA CGM Improves NOURA Service
CMA CGM announced the service improvement connecting Middle East to East Africa, in the effort to maintain a high service reliability and punctuality with our lead product NOURA service.Effective from M/V CMA CGM MANET voyage Jebel Ali today (January 3), direct product with a comprehensive coverage of East Africa and Indian Ocean markets, Noura service will benefit of a 6th sister ship of 2,200 TEU to address the recurrent port congestion.Mombasa is added in the port coverage to permit significant service improvement for Asia cargo bound to Somalia and transiting via Kenya hub, said a press n
Pirate Attack Averted off East Coast of Somalia
Due to the application of BMP protection measures by the Master, his crew and the private security team, the piracy attack was thwarted and the crew and vessel remained safe.The Master had already evacuated the crew to the citadel when the embarked Armed Security Team (PAST) responded to the attack. There was a sustained exchange of fire before the skiff with several armed people on board broke off and changed course away from the MV.Following the collective advice of industry and military counter-piracy operations…
DP World Launches Expansion of Port in Somaliland
Dubai state-owned port operator DP World launched on Thursday a $101 million project to expand a port in the breakaway region of Somaliland.Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized. The United Arab Emirate's Dubai government owns DP World.The port in Berbera exports camels to the Middle East and imports food and other items, but Somaliland hopes it will provide an alternative for neighboring Ethiopia - a landlocked country of 100 million which relies on Djibouti for its trade.On Thursday…
Somalian Maritime Administration to be Fully Operational Soon
Somalia’s Department of Maritime Administration is planned to become fully operational by the end of the year, enabling the country to discharge its flag, port and coastal responsibilities effectively in line with International Maritime Organization (IMO) instruments.Somalian Government officials met at an IMO-sponsored workshop, held in Kigali, Rwanda (27-31 August) and agreed that the newly-established department, part of the Ministry of Ports and Marine Transport, should be restructured by 31 December 2018.The next steps…
Missing Tanker Docks in Togo after Suspected Hijacking
A tanker with 19 crew members on board has docked at a port in Togo after going missing for over a week in a suspected hijacking off the West African coast, the crew's agency said on Friday.The Ialkani agency and the ship's managers lost communication with the Panama-registered Pantelena on August 14, when it was about 17 miles (27 km) from the port of Libreville, in Gabon.Two Russian nationals and 17 Georgians were aboard the vessel, a dual purpose oil or chemicals tanker managed by Athens-based Lotus Shipping.
Mauritius Signs Jeddah Amendment on Illicit Maritime Activity
Mauritius has become the 15th 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.The Amendment significantly broadened the scope of the Djibouti Code when it was adopted at a high-level meeting in Jeddah, Saudi Arabia in January 2017.It covers measures for suppressing a range of illicit activities…
Piracy Risk Persists in Gulf of Guinea -Report
The second quarterly report from the ICC International Maritime Bureau (IMB) shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in six separate incidents.A total of 107 incidents were reported to the IMB Piracy Reporting Centre (PRC) in the first six months of 2018. In total, 69 vessels were boarded, with 23 attempted attacks, 11 vessels fired upon and four vessels hijacked. No vessels were reported as hijacked in the second quarter.The number of crewmembers…
Drones Will Take Off for Shipping, Says Allianz
Unmanned systems are finding a growing number of applications in the maritime sector, and have the potential to make a significant contribution to safety and risk management, says the Allianz Global Corporate & Specialty's (AGCS) Safety and Shipping Review 2018.These include assessing environmental pollution, monitoring cargo loading and pirate activity along coastlines and carrying out cargo tank inspections. Drones could enable faster, more informed decisionmaking on board, reducing the impact of any incident.
DP World Plans Logistics Facility in Ethiopia
Dubai-based ports operator DP World has revealed plans to set up a logistics facility in landlocked Ethiopia, a move that comes as the company is developing a port in neighboring Somaliland. A reuters report quoting the United Arab Emirates state news agency, WAM said that the Sultan bin Sulayem, DP World Group's chairman & CEO and chairman of Ports, Customs and Free Zone Corporation informed the media that the logistics complex in Ethiopia to cater to the landlocked African countries.
Somalia, Ethiopia to Jointly Invest in Red Sea Ports
Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world's most strategic waterways.After Somalia's president Mohamed Abdullahi Farmaajo hosted Ethiopia's prime minister Abiy Ahmed for a meeting at the presidential palace in Mogadishu, the two leaders issued a joint statement of pledges to cooperate on everything from the development of infrastructure including roads linking the two countries to expanding visa services to promote cultural exchanges.The
Jeddah Mulls Safe and Secure Regional Waters
Signatory States to an agreement aimed at repressing piracy, armed robbery and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area have agreed that building response capability and information sharing are vital steps towards achieving a more safe and secure maritime environment. The signatories to the revised Code of Conduct concerning the repression of piracy, armed robbery against ships and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area…
DP World Should Rethink Port Deals in Somalia - Foreign Minister
Somalia's foreign minister said on Friday that Dubai state-owned port operator DP World should reconsider its contract with the breakaway region of Somaliland and work with federal authorities so Somalia's sovereignty is not violated."We are asking DP World to reconsider these agreements, particularly the one in Berbera port since Somaliland is claiming to be a state independent from Somalia," Ahmed Isse Awad, Somalia's foreign minister, told Reuters in an interview.He said the…
Pirate Attacks Worsen in Gulf of Guinea - IMB
A surge in armed attacks against ships around West Africa is pushing up global levels of piracy and armed robbery at sea, warns the International Chamber of Commerce's International Maritime Bureau (IMB). IMB's Piracy Reporting Center recorded 66 incidents in the first quarter of 2018, up from 43 for the same period in 2017, and 37 in Q1 2016. Worldwide in the first three months of 2018, 100 crew were taken hostage and 14 kidnapped from their vessels. A total of 39 vessels were boarded, 11 fired upon and four vessels hijacked. IMB received a further 12 reports of attempted attacks.
DP World Says Committed to Port Project in Somaliland
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia. Djibouti's decision to end a contract with DP World to run its Doraleh Container Terminal will make it difficult for Africa to attract investment, DP World's chairman Sultan bin Sulayem told a news conference after reporting full-year earnings. He said the company doesn't know what motivated Djibouti to seize the container terminal.
DP World to Increase CapEx as 2017 Performance Shines
DP World, one of the world's largest port operators, said on Thursday full-year profit rose 14.9 percent in 2017 and that it would spend $1.4 billion on capital expenditure this year. Profit for the period attributable to owners of the company after separately disclosed items rose to $1.18 billion in 2017 from $1.02 billion in 2016, DP World said in a bourse statement. Revenue increased 13.2 percent to $4.7 billion and the board recommended increasing the dividend by 7.9 percent to $340.3 million at 41 cents per share.
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…
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.
Japanese FM Visits Colombo Port
Japanese Foreign Minister Taro Kono has visited the port of Colombo in Sri Lanka. Kono was briefed by Sri Lankan government officials about a project under consideration to expand the port. The Japanese Foreign Minister also visited the newly built control tower and the Colombo Port Expansion Project currently known as the Colombo south Port. Colombo is the largest port in Sri Lanka, which is a strategically important point in Indian Ocean sea lanes. Taro Kono was briefed by the Chairman of Sri Lanka Ports Authority (SLPA) Dr.
Training for Spill Response in East Africa
The question of how to manage emergency preparedness and response in the oil and gas sector was on the agenda at a workshop in Zanzibar, United Republic of Tanzania (17-20 October). Participants from countries across the East Africa region gathered to highlight good practices in developing national preparedness and response systems, as well as how to improve understanding of risk assessments related to oil and gas development and potential impacts on environment. The group also worked to identify areas for strengthening emergency preparedness and response at national and regional levels.
Piracy Comes Back in Somalia
Piracy in Somalia is making a comeback and the Gulf of Guinea remains the world’s most active hotspot for crew kidnappings, UK Chamber of Shipping said quoting latest data. The report said that during the first three months of 2017, armed pirates hijacked two vessels off the coast of Somalia, an area in which previously no merchant ship had been hijacked for five years. Four further incidents in the region were also attempted this past quarter, according to the latest report from the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC).
IMB Reports 87 Piracy Incidents in H1 2017
The IMB has published its report on piracy and armed robbery for the second quarter of 2017, covering the period from 1 January to 30 June 2017. The report highlights continuing decline in the number of incidents of maritime piracy, said a press release from The Standard Club. 87 incidents have been reported in the first six months of 2017, with 63 ships boarded, eight attempted attacks, four ships hijacked and 12 ships fired upon. This represents a decrease from 2016 when there were 97 reported incidents in the same period.
Empowering Maritime Women in East and Southern Africa
Promoting women's access to quality employment and senior management level within the maritime sector is a key priority for International Maritime Organization (IMO)'s gender and capacity-building program and was at the core of the 8th regional conference to support the Association of Women Managers in the Maritime Sector in East and Southern Africa (WOMESA), held in Mahé, Seychelles (September 26 to 29). Under the theme "A Decade of empowering Maritime Women - What does the future hold for Africa's Blue Economy?"…
EU Leads the Way with Ambitious Action for Cleaner and Safer Seas
At the ongoing EU-hosted Our Ocean conference in Malta (5-6 October), the European Union has committed to 36 tangible actions to foster healthier, cleaner, safer and more secure seas. Amounting to over €550 million and involving activities worldwide, the announcements underline the EU's determination to improve the situation of the seas and send a positive signal of encouragement to the rest of the world – governments and private sector alike - to step up and tackle the growing ocean challenges…
Global Piracy Declines in First Nine Months of 2017
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC) International Maritime Bureau's (IMB) latest quarterly report on maritime piracy. The flagship global report notes that, while piracy rates were down compared to the same period in 2016, there is continuing concern over attacks in the Gulf of Guinea and in South East Asia. The increase in attacks off the coast…