The first IMO 2020 compliant bunker load of low sulphur fuel oil (LSFO) was delivered by oil trader and bunker provider GP Global at Fujairah port in the United Arab Emirates. The 6,000-tonne bunker barge was delivered at the port of Fujairah and is expected to serve this as well as other ports nearby, further helping the UAE to meet the IMO regulation.
The United Arab Emirates joined the United States-led commission aiming to protect marine safety, navigation and worldwide trade. The Director of the International Security Cooperation Department at the Ministry of Foreign Affairs and International Cooperation noted that this alliance adds to worldwide as well as local attempts to prevent threats to marine navigation and global trade, contributing to the conservation of international tranquility and safety and thus establishing the flow of energy supplies to the global economy.
The Abu Dhabi Global Market Arbitration Centre (ADGMAC) and Emirates Maritime Arbitration Centre (EMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services for the United Arab Emirates (UAE) maritime industry.
Reuters reports that maritime security talks between Iran and the UAE were to begin on Tuesday, July 30, in light of the tension in the Strait of Hormuz, despite the fact that a Gulf official commented on the discussions as routine and technical.
The Abu Dhabi National Oil Company (ADNOC) has signed a partnership framework agreement and a JV agreement worth up to $12 billion with China’s Wanhua Chemical Group. The deal foresees collaboration in the downstream sector, according to ADNOC.
In an exclusive interview with SAFETY4SEA at Nor-Shipping, Mr. Nawfal Al Jourani, Director of Dubai Maritime Cluster Office at DMCA, shared Dubai’s priorities as a major maritime hub of the Middle East. Mr. Jourani noted that innovation is the cornerstone of Dubai’s strategy to be attractive to the shipping community.
The Maritime Law to be implemented by the UAE, aims to protect abandoned seafarers, extinguish ‘ghost ships’ in its waters and allow 100% foreign ownership of maritime companies. The maritime law will come into force by early next year.
The ITF continued its collaboration with the Government of the United Arab Emirates, during a meeting in Dubai. ITF and UAE discussed the successful cooperation on helping seafarers abandoned in UAE waters. The partners talked abandoned seafarers, discussed future work and assessed the ITF-UAE memorandum of understanding (MOU).
A robust compliance system and the use of tax automation would enable large logistics companies to comply with specific VAT requirements with regard to the information requested by the Federal Tax Authority (FTA) during VAT Audit, according to a new report analyzing VAT implications on shipping and logistics sector of the UAE.
As the Standard Club informed, it has been notified by its Dubai correspondent, regarding the UAE FTA Circular No 5 of 2019 dated 9 June 2019. The circular requires foreign flag representatives in the UAE to apply to the FTA before 30 June 2019 in order to continue with their activities in the UAE.
