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.
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.
Grandweld Shipyards completed the delivery of four GrandMax Crewboats for Saudi-based offshore oil & gas service provider, High Seas Marine Industrial Services Co. (HSM). This feat was accomplished in a span of 14 months, despite the numerous challenges of the pandemic. Post the official delivery ceremony that took place at Grandweld’s headquarters in Dubai Maritime City, Eng. Jamal Abki, General Manager of Grandweld Shipyards, and Eng. Ibrahim Al Saeed, Managing Director of High Seas Marine Industrial Services Co., spoke to Marasi News about their collaboration for this project.
Head of the Northern Section of the Suez Canal Economic Zone (SCzone) Mohamed Baraya stated Thursday in an investment conference held in Port Said that the zone’s infrastructure had cost $18 billion.
In line with its commitment to develop the capabilities and support the localization of Saudi Arabia’s military industries sector, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), signed a logistics services agreement with Bahri, a global leader in logistics and transportation. Under the terms of the agreement, Bahri will provide wide-ranging internal and external logistics services, including sea, air, and land transport, as well as freight services to the various business units and affiliated companies of SAMI.
According to the Chabahar Free Zone’s Office of Public Relations, Samir Hamrouni, the CEO of the World FZO has announced the approval of Chabahar port as a permanent member of his organization through a letter addressed to the Managing Director of Chabahar Free Zone Abdolrahim Kordi.
Columbia Shipmanagement has entered into a strategic joint venture with Khobar-based Spectrum Group in a move that will see the Kingdom of Saudi Arabia and the neighbouring Middle East region emerge as one of the most technologically advanced and optimised ship management service centres in the world.
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), announced today the acquisition of six line boats to provide critical marine services across petroleum ports in Abu Dhabi. All six vessels are the Damen Stan Tug 1606 type, and were contracted directly from Sharjah-based Albwardy Damen, as part of ADNOC Group’s commitment to boost In-Country Value across its operations.