Tag: Saudi Arabia

Growing with Saudi Arabia

It would link Khalifa Bin Salman Port with the Saudi industrial hub of Jubail APM Terminals Bahrain is working with partners to set up a 'seabridge' feeder service which would link Khalifa Bin Salman Port with the Saudi industrial hub of Jubail, providing petrochemical companies with a new export route and enabling imports to bypass congestion at Dammam."We are talking to stakeholders about a potential seabridge for exports out of Jubail and also as a sustainable alternative for inbound cargoes to Saudi Arabia," says Simon Brebner, APM Terminals Bahrain chief commercial officer. "This concept would enable shipping lines to drop in Bahrain, and cargo to move onwards to Jubail where it would pick up road links into Saudi Arabia. It would be an efficient and quick way of doing things on a reliable basis - and lines are looking for consistency."The feeder could easily do two trips a week, he says; the concept has been 'well received'. "We can't sit still; we need to make things happen around us. Hopefully it will materialise later this year or the first quarter 2013."Mr Brebner says carriers already use Bahrain on a 'tactical' basis when faced with delays at Dammam. A major line ...

Giving a cheque for US $100,000 to IMO (Left to right) IMO Secretary-General Efthimios E. Mitropoulos; His Royal Highness Prince Mohammed bin Nawaf bin Abdul Aziz Al-Saud, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Saudi Arabia to the United Kingdom, holding cheque; Mr. Koji Sekimizu, Director, Maritime Safety Division, IMO Saudi Arabia has made a significant contribution to the IMO Djibouti Code Trust Fund, giving a welcome boost to the IMO-led project to implement the Code of Conduct concerning the Repression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden signed in Djibouti in January 2009 (Djibouti Code of Conduct).His Royal Highness Prince Mohammed bin Nawaf bin Abdul Aziz Al-Saud, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Saudi Arabia to the United Kingdom, presented a cheque for US$100,000 to IMO Secretary-General Efthimios E. Mitropoulos on Wednesday (21 September).The Djibouti Code has so far 18 signatory States (Comoros, Djibouti, Egypt, Eritrea, Ethiopia, Jordan, Kenya, Madagascar, Maldives, Mauritius, Oman, Saudi Arabia, Seychelles, Somalia, Sudan, United Arab Emirates, United Republic of Tanzania and Yemen) who have pledged to cooperate in measures aimed at suppressing piracy, including investigation, arrest and prosecution of persons, who ...

Delay until 2019 SA, CHINA, Brazil and Saudi Arabia are likely to delay until 2019 adherence to the International Maritime Organisation's (IMO's) newly adopted measures on reducing shipping's greenhouse gas emissions, which come into force in 2013.These four developing countries led the charge that secured the waiver for new ships registered in developing nations until 2019, claiming they needed more time to acquire more advanced technologies, the IMO said. This has sparked criticism that any shipbuilder could apply for the waiver if they flag a ship in a developing country.The South African Maritime Safety Authority (Samsa) is to commission a study next month to determine the economic effect of the proposed changes and limits to emissions on shipping, the authority's executive for operations, Sobantu Tilayi, said yesterday. SA had no ships registered under its flag but the country was heavily dependent on shipping, Mr Tilayi said."Anything that affects the cost of maritime transport invariably affects the economy of the whole country if you accept that 98% of all trade travels by the sea," Mr Tilayi said. Fifty percent of SA's gross domestic product comes from trade."On imports the consumer bears the cost of that, while on exports it affects the ...

Saudi Arabia offered more crude to Asian refiners in July Rates for crude oil tankers on key Asian freight routes are seen mixed with the Middle East benchmark route supported by rising exports from Saudi Arabia, while intra-Asia trade stays under pressure due to an oversupply of tonnage.For clean tankers, rates are expected to stay at weak levels due to limited oil products demand in Asia and the arrival of more vessels to the market, shipbrokers said on Tuesday.Rates for long-haul crude shipments were expected to find support from rising exports from Saudi Arabia. The world's top oil exporter offered more crude to Asian refiners in July, evidence that it is taking steps to unilaterally increase supplies after OPEC talks collapsed last week.Rates on the benchmark Very Large Crude Carrier (VLCC) export route from the Middle East to Japan rose to W58.53 on Monday from W55.07 last week. The market hit a two-month high of W58.60 on Friday."Saudi is providing some much needed good news to an otherwise weak market," said a Singapore-based shipbroker."But the added supplies will still not be enough to cover all the new arrivals, so we will only see a small rise in rates for a ...