The UAE’s Port of Fujairah, the world’s third largest bunkering hub, is receiving more oil tankers, leading to an increase in marine fuel sales, traders said Aug. 16, after the port reported a surprising 2.8% gain in July sales on the month.
SOHAR Port and Freezone has announced results for the second quarter of 2021. Among them, it reported that the Port’s handling of goods in and out of the Sultanate (throughput) increased by 14 percent over the same period in 2020 and Ship-to-Ship (STS) cargo increased by an impressive 168 percent.
Offshore Support and Logistics Services Company (OFCO – Offshore International), the integrated maritime logistics service provider that is jointly owned by Allianz Marine & Logistics Services (AMLS) and SAFEEN, Abu Dhabi Ports’ marine services arm, has announced the acquisition of seven support vessels as part of its offshore marine services fleet.
Across two power-packed days, an engaged audience of over 250 key industry veterans witnessed critical insights unfold at the Inaugural Edition of the Smart Facilities Middle East (SFM 2021). Convened by Aldrich International, SFM 2021 was held on August 18 & 19 at Sofitel The Palm in Dubai.
Over 200 key industry leaders gathered from across the GCC, witnessed path-breaking insights unfold across the two-power packed days at the Inaugural Edition of Smart Facilities Middle East (SFM 2021), a brand of Aldrich International, a global consulting platform spearheading the development of knowledge-based economies in the MENASEA markets.
Gulf Navigation Holding PJSC (“GULFNAV”) the Dubai Financial Market listed maritime and shipping company, announced its financial results for the first half of 2021, reporting a Net Profit of 79 million dirhams compared to a Net loss of 51 million dirhams recorded in 2021. The company has issued its latest financial report, which indicates the continued improvement in its operational and financial performance, supported by the cost control measures adopted by the company.
The event agenda for the UAE Maritime Week - under the patronage of the UAE Ministry of Energy and Infrastructure - has been announced with pioneering initiatives aimed at supporting and empowering the marine industry. Organised by Seatrade Maritime, part of Informa Markets, the Week includes Seatrade Maritime Middle East, an in-person exhibition and conference to be held at Dubai Exhibition Centre from 12-16 December 2021, as part of Expo 2020.
The Ministry of Energy and Infrastructure is intensifying its efforts to ensure the safety and security of the maritime sector as well protect the rights of seafarers on board ships in the UAE waters and ports. This is in line with Cabinet resolution number (71) for 2021, regarding marine wrecks and violating ships in UAE waters or calling UAE ports, which will come into effect from 15 September 2021. The Ministry’s efforts support the UAE Government’s ongoing efforts to protect the UAE waters and marine environment, and reduce marine wrecks that may cause incidents.
King Abdullah Economic City: King Abdullah Port has announced details of its exceptional performance during the first half of 2021. The port handled a total of 1,402,200 TEU between January and June, an increase of 44.7% compared to the same period last year. In addition, bulk and general cargo throughput grew by an impressive 77.8% to reach a total of 2,582,153 t.
The organisers of ICOMIA World Marinas Conference (IWMC) are pleased to announce that registration is now open for the much-awaited debut of the conference in Dubai and the Middle East. The primary aim is to stimulate the growth of the recreational boating sector in the UAE and Dubai’s economy.
DP World, UAE Region, the leading smart trade enabler introduced the ZODIAC training programme, led by in-house Emirati calibres in The Ports and Terminals Training Center (P&TTC). The programme accredited by City & Guilds is now a recognised benchmark for effective training programmes to improve supply chain utilisation globally.
In the recent past, blockchain has experienced a media-driven surge in popularity, capturing the interest of the shipping sector. With companies like Maersk and IBM announcing the creation of an industry-wide blockchain solution for the shipping sector, and Hyundai Merchant Marine declaring the completion of its maiden journey with the help of blockchain, the industry is all set for a blockchain-driven transformation.
As the COVID-19 pandemic took over the world and halted all business activities, most companies suffered a backlash in terms of revenue and had to either downsize their workforce, or were forced to continue operating without employees being paid salaries regularly. Along with travel restrictions imposed by governments getting tighter, and transport of goods becoming an increasingly difficult task, most shipping companies faced the heat of the challenges that came with the pandemic. During this time period, it was no longer the survival of the fittest, but the survival of the ones that were the fastest to adapt to change.
Ever since December 2015, when the IMO’s 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) were adopted to address climate change, the maritime industry has made significant efforts to ensure that decarbonisation targets are met by 2030. The marine industry’s sustainability is built on three pillars, directly related to the 17 Sustainable Development goals: environmental excellence, social responsibility and governance. Environmental excellence focuses on preserving the natural air and marine environment, as seen by global decarbonisation initiatives.
Gastech, the world’s largest exhibition and conference supporting the gas, liquefied natural gas (LNG), hydrogen, and energy industry, will have its own dedicated Gastech Hydrogen event positioning hydrogen as a clean energy solution. The event will take place in Dubai, from 21 to 23 September 2021, organised by dmg events and held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. The event is supported by the Ministry of Energy and Infrastructure in the UAE.
Qatar Petroleum’s Ras Laffan Port, located in Ras Laffan Industrial City, has become the first port in the Arabian Gulf to join the international Green Award network as an Incentive Provider for certified LNG carriers.