Nov 07, 2016

Seatrade Lifetime Achievement Award 2016, was awarded to Sharaf Group. Presented by Mr. Phillip Marsham, CEO, Basra Gateway Terminal to Mr. Ibrahim Sharaf, Chairman, Sharaf Group and Major General Sharafuddin, Vice Chairman, Sharaf Group.  Accompanied by Mr. Chris Hayman, Chairman, Seatrade.



May 01, 2016

DP World gross container volumes up 3.7% in 2016 first quarter

UAE volumes down 5.9% year-on-year due to loss of lower-margin cargo, chairman says


Dubai: DP World saw a 3.7 per cent increase in the volume of cargo handled at its global portfolio of container ports in the first quarter of 2016.
DP World chairman Sultan Ahmad Bin Sulayem said the total volume reached 15.5 million twenty-foot equivalents (TEUs), a standard measure for container cargo.
He added that “gross container volumes growing by 3.7 per cent on a reported basis, and up 2.4 per cent on a like-for-like basis”.
“First quarter growth was largely driven by a stronger performance from our European and Indian subcontinent terminals,” he said. “Conditions in Latin America remain challenging while the UAE handled 3.6 million TEU, down 5.9 per cent year-on-year due to loss of lower-margin cargo.”
Bin Sulayem said now-operational developments in Rotterdam, in the Netherlands, Nhava Sheva in India and Turkey’s Tarimca were expected to increase contributions during the second quarter of 2016.

Well positioned


A 2 million TEU capacity expansion at Jebel Ali and 1 million TEU expansion at London Gateway were due to come online in mid-2016.
“Overall, we remain well positioned to grow volumes ahead of the market,” he said, “while we continue to focus on driving profitability by targeting higher margin cargo, improving efficiencies and managing costs. Our encouraging start to the year gives us confidence in meeting full year market expectations.”

SOURCE: Gulf News (April 28, 2016)


Mar 17, 2016

DP World annual profit up 30.7% to $883m

Revenue for period was $3.968 billion, up 16.3% on from $3.4 billion in 2014

Dubai: DP World, one of the world’s largest port operators, reported a 30.7 per cent increase in annual profit for 2015 on Thursday.

The port operator made $883 million in attributable profit in the 12 months to December 31, 2015 compared to $675 million in 2014, according to a statement posted to the Nasdaq Dubai.

Revenue for period was $3.968 billion, up 16.3 per cent on the 2014 revenue of $3.411 billion.

“This financial performance has been achieved despite uncertain market conditions, which once again demonstrates the well diversified and resilient nature of our portfolio with its focus on high-growth markets,” DP World executive chairman and chief executive, Sultan Ahmad Bin Sulayem said in the statement.

DP World invested $5.4 billion in 2015, including $4 billion on acquisitions, in 2015.

In March last year, DP World closed the $2.6-billion acquisition of Economic Zones World (EZW), which includes the Jebel Ali Freezone (Jafza) in Dubai linked to its flagship Jebel Ali Port, from its parent company Dubai World.

It acquired the Prince Rupert Port on Canada’s west coast in August for $457 million.

The port operator said revenue growth was supported by the EZW acquisition.

A total of 29.11 million TEUs (twenty-foot equivalent units), a shipping container measurement, were handled in 2015, up 2.7 per cent on an annual basis compared to 28.341 million in 2014.

DP World operates ports all over the world from Dubai to Buenos Aires in Argentina.

The port operator said it expects to invest $1.6 billion this year on capital expenditure at its port and free zone in Jebel Ali, London Gateway in the United Kingdom and Prince Rupert Port in Canada.

The ordinary dividend has increased 28 per cent to 30 US cents, DP World said

SOURCE: Gulf News (March 17, 2016)


Mar 10, 2016

DP World Looking to Boost Investment in Thailand

Dubai’s port operator DP World is exploring investment opportunities in Thailand including those in infrastructural as well as terminal developments in Laem Chabang International Terminal (LCIT).

Discussions between the company’s Chairman and Taiwan’s Deputy Prime Minister Somik Jatusripitak revolved around potential investments in areas of ports, trade, shipping, and logistics industries. Among the key topics touched upon were the existing investments in Thailand and how hey can be further improved with the future developments in Laem Chabang, including a new free zone.

“The meeting is in line with the strategic orientations of DP World towards enhancing the UAE’s role regionally and internationally as a key player in ports and terminal operation. We aim to support the state’s drive to reduce reliance on oil and move towards a diversified economy,” said DP World Group’s Chairman HE Sultan Ahmed bin Sulayem

DP World already owns 34.5% in a joint venture container terminal LCIT, located 120 km from Thailand’s capital under a joint venture project. The terminal serves as a gateway for containerized goods to and from the key Asian markets.

SOURCE: World Maritime News (March 8, 2016)


Mar 10, 2016

Tristar acquires Emirates Ship Investment Company for $90m

Tristar will acquire a fleet of seven chemical tankers

Dubai: Tristar, a UAE-based logistics group, has agreed to acquire Abu Dhabi-based Emirates Ship Investment Company (ESHIPS) from Egon Oldendorff GmbH & Co. KG for $90 million (Dh330.3 million) , according to a statement on Tuesday.

Under the terms of the deal, Tristar will acquire a fleet of seven chemical tankers, which are ships that carry chemicals in bulk. These include two LPG tankers under long term time charter to an oil major. These vessels will be phased into the company’s existing fleet and then fixed out long term in line with company policy, according to the statement.

“This acquisition is a perfect fit to our longer term plans to diversify revenue and make ship owning an integral part of our strategy to build a fully integrated liquid logistics business,” stated Eugene Mayne, group chief executive of Tristar.

From May this year, Tristar will start taking delivery of six new 50,000 MT clean petroleum product tankers from Korean builder Hyundai Mipo Dockyard and built at a cost of $200 million.

This acquisition of ESHIPS and the new building programme, as well as its existing coastal fleet, will bring the Tristar-owned shipping fleet to more than 20 vessels.

Tristar has interests in surface transport, specialised warehousing, fuel farm management, turnkey fuel operations, plane aviation fuel services, chemicals and ship owning.

SOURCE : Gulf News(March 8, 2016)



Feb 18, 2016

Dubai well positioned for north-south trade – DP World VC

East-west routes are saturated, Bin Thaniah says, and emerging markets are the future

Dubai:  Dubai is well positioned to take advantage of growing trade between Moscow and Africa, DP World vice-chairman Jamal Majid Bin Thaniah told the Commonwealth of Independent States (CIS) Global Business Forum on Wednesday.

“From the way we have seen trade in the past, it is dominated by the east-west [routes], but we have seen a little north-south. North-south is yet to see greater growth,” he told delegates during his keynote address on the North-South Transport Corridor.

“East-west is a saturated economy. Between 2008 and 2015 the global economy has become extremely volatile. It goes up and down. During the same period if you look at the emerging markets it will tell a totally different story that east-west trade.

“We see the future in the emerging markets. That’s where the real challenge is. That’s where the real trade will take place.”

With its role as an air freight and seagoing trade hub, the UAE and Dubai in particular are in an excellent position to take advantage of the growing trade, he said, indicating that Dubai punched above its weight when comparing trade volumes to population level.

DP World’s expansion plans for its container port at Jebel Ali is expected to increase its capacity to 22.1 million twenty-foot equivalent units (TEU) by 2018. “It’s a huge number, which is not consistent with the population,” he said. “We in Dubai and the UAE don’t believe we are serving 7.5 million people. We are serving 7 billion people. That’s why Dubai and the UAE are well placed to be major players in future trade with the CIS and the north-south trade.”

“If you look at world trade, we have seen a drop in trade in only one year, which is 2009. After 2010 trade as continued to grow,” he added.

SOURCE : Gulf News(February 17, 2016)


Oct 18, 2015


Logistics sector contributes around 14 per cent of the emirate’s GDP

Dubai: The UAE’s supply chain and logistics industry is expected to touch $25 billion (Dh91.9 billion) in 2015, Atiq Juma Nasib, senior vice president, commercial services at Dubai Chamber, said in a report by state news agency WAM.

Speaking at the 8th Global Logistics and Supply Chain summit in Dubai on Wednesday, Nasib said that industry leaders such as DP World, JAFZA and Dubai International Airport are taking the lead in helping grow the industry, WAM reported. “Dubai, the smart city of innovation and global hub of trade and supply chain, offers immense opportunity and infrastructure for supply chain leaders globally in both managing and growing their supply chain. Dubai is an ideal hub for setting up businesses and is a trendsetting city that offers growth opportunities,” Nasib said.

DP World, for instance, is one of the biggest port operators in the world, with 60 million TEU (Twenty Foot Equivalent Units) capacity, operating 65 terminals globally.

“Dubai’s geographical location gives the trade access to a population base of more than 2 billion people. Analysts say that the GCC will be one of the busiest trade lanes globally by the year 2030. I believe that these developments present huge opportunities to the logistics industry in the region,” stated Abdulla bin Damithan, director-commercial at DP World.

Dubai has the infrastructure of ports, airports, airlines and shipping lines to facilitate the global supply chain. The logistics sector contributes around 14 per cent of the emirate’s gross domestic product (GDP), according to the report.

SOURCE : Gulf News (October 14, 2015)

Oct 18, 2015


Reduction in Somalia piracy means operators will be able to cut down on security costs

Dubai: Shipping costs in the Middle East are expected to drop when a designated high-risk area, previously prone for Somali pirate attacks, is halved in December.

The revision of the BMP4 (Best Management Practices for Protection against Somalia Based Piracy) — announced last week — will likely see shipping operators cut back on security measures that had run up costs.

“It costs a lot of money to adhere to the recommendations [of the BMP4],” Ian Millen, Chief Operating Officer at Dryad Maritime, an international monitoring organisation, told Gulf News by phone from London.

The BMP4 has been revised, halving the high-risk area, after two years without a successful hijacking of a large commercial ship and more than a year since shots were fired on a commercial ship.

“We just haven’t seen incidents,” London-based Tim Hart, maritime manager at Control Risks, said by phone.

The revised area — effective December 1, 2015, will cover the Bab Al Mandab strait, Gulf of Aden and the Arabian Sea from the coast of Oman and down to Kenya in Africa but no longer the Red Sea, Gulf of Oman or Indian coastline.

The Bab Al Mandab, in the Horn of Africa, separating the Arabian Peninsula and east Africa, is a vital thoroughfare for maritime trade. Most ships passing through are either coming from or going to Egypt’s Suez Canal, through which around 8 per cent of the world’s trade passes each year.

Commercial shippers have had to introduce safety measures including employing armed guards, which saw costs, run into the thousands, according to Millen, wrapping razor wire around the edges of the ship to fend of hijackers and a rise in insurance fees.

These costs are now expected to drop, maritime experts say, because the advice will be that the security measures the shippers have been following should now be adhered to in half the area.

Matthew Pickin, Counterparty Risk Analyst at Infospectrum, told Gulf News by email the revision of the BMP4 is expected to have a “positive effect on the costs for some of the large operators.” However, he also said that many of “low profile ship operators will likely proceed as normal, with or without the necessary precautions.”

The drop in piracy has also seen companies who provide armed guards to commercial shipping lines “unexpectedly” declare bankruptcy, Pickin said, a sign that shippers have already started cutting back on added security costs.

Maritime experts say piracy attacks fell due to a combination of greater industry collaboration in reporting incidents, the introduction of preventive measures, such as guards and razor wire, and also naval patrols.

There are a “huge amount of [navy] patrols and assets going through the area,” Hart said.

US, Nato, EU, Russian, Indian and Australian, among other naval forces, have patrolled the BMP4 for years, however, this is also expected to be cut back now that the risk area is halving.

The BMP4 was revised partly due to Omani and Indian lobbying efforts, according to Millen.

Ships had been hugging the Indian coastline in effort to avoid the high-risk area that ran up to their waters, while also in 2012, Italians on-board the MV Enrica Lexie shot and killed two Indians off the coast of southern India after mistaking them for pirates.

“The Indian’s were not happy that the high-risk area went right up to their territorial waters … those are really, really busy shipping lanes and area, so you’re just introducing more traffic,” Millen said.

But even with the revision, attacks are still expected with smaller scale incidents continuing to occur off the coast of Salalah and Somalia.

“The area that is redrawn is still a considerable area. No one thinks the threat has completely gone away,” Millen added.

SOURCE : Gulf News (October 16, 2015)

Oct 06, 2015


Abu Dhabi: Abu Dhabi Ports is targeting double-digit growth in the coming years and plans to increase the capacity at Khalifa Port to handle more cargo, its Chief Executive Officer told Gulf News on Monday.

“We are looking at all of the trade and how to support the trade. In container business we have a solid growth. We are investing in new cranes and increasing the capacity in Khalifa Port to reach 2.5 million TEU [Twenty Foot Equivalent Unit] capacity,” said Captain Mohammad Juma Al Shamisi on the sidelines of Seatrade Offshore Marine and Workboats Middle East conference in Abu Dhabi.

“We are trying to be ahead of the game in terms of having right infrastructure to support the economy of Abu Dhabi and in line with the vision 2030,” he said explaining that the double-digit growth target had been decided on with due consideration of the tough global economic situation created by the falling oil prices and slowdown in the Chinese economy.

“It will not be a wise thing if we ignore what’s happening globally specially in relation to lower prices oil, and China situation. When I say double-digit, it is tough but it is our ambition. We want to sustain our growth.”

In the first seven months, Abu Dhabi Ports has grown by 40 per cent in the container business, by over 20 per cent in general cargo and bulk and in the roll on roll, which is related to transportation of cars by 11 per cent.

On falling oil prices and how the port operations are impacted, he said they are trying to adapt to the market and do things differently.

“We’ve been through these before. It is a tough period. We are trying to lower operation expenditure and invest in technology.”

Oil prices have plunged by more than 50 per cent since last year due to lower demand and over production. Brent, the global benchmark is trading at less than $50 in recent times.

Shamisi said ten new companies will be starting their operations in Kizad (Khalifa Industrial Zone Authority) in the next six months and a new cruise terminal at Mina Zayed will be ready by the end of the year.

Abu Dhabi Ports control three international ports mainly Khalifa Port, Mina Zayed and Musaffah port. They are linked directly to more than 100 global ports.

The company is expected to contribute Dh49.6 billion to the emirate’s Gross Domestic Product (GDP) by 2030 and help in create more than 100,000 jobs.

More than 200 companies are taking part in the three day Seatrade conference being held at Abu Dhabi National Exhibition Centre.

Drop in oil prices and the impact on sea trade is dominating discussions at the conference.

Source : Gulf News (October 5, 2015)

Oct 04, 2015


China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings.

Fitch believes that these pressures will probably lead to bankruptcies among smaller unrated shippers and may drive consolidation. The impact, however, is likely to vary by segment, with dry bulk and potentially container shipping most at risk while tanker shipping is likely to fare better.

The argument is confirmed with the filing for bankruptcy protection by Japanese dry bulk shipping company Daiichi Chuo Kisen Kaisha earlier today.

China is a key player in global trade, accounting for two-thirds of global iron ore imports, 20% of world coal imports and 16% of global oil imports. Asia (primarily China) was responsible for 40% of container import volumes in 2014. China’s slowing growth will therefore significantly cut demand for shipping services, while oversupply is rife in all segments except tanker shipping. This will put further pressure on freight rates, Fitch said.

With iron ore and coal representing well over half of the seaborne dry bulk demand, dry bulk shipping is most exposed to the transition of the Chinese economy. China’s coal imports plummeted by 15% in 2014 and a further 32% year-on-year in the first eight months of 2015. Its iron ore imports were marginally down in the first eight months of this year.

Despite the increased scrapping of dry bulk vessels this year, the segment performed poorly with the Baltic Dry Index average for the year to date at its lowest in 10 years. Several small dry bulk shipping companies have filed for bankruptcy and more are likely. The companies are also adapting to harsh sector fundamentals through consolidation as shown by the potential merger of two large Chinese shipping groups – China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company, which are involved in various shipping segments.

Shares of the two companies remain suspended in anticipation of a key announcement. The merger is likely to cause a domino effect on existing carrier alliances and further carrier mergers in Asia, damaging industry competition, according to consultancy firm Drewry.

“Weaker data on exports and manufacturing in China and its economic transition increase uncertainty for container shipping. We expect global container demand growth to moderate to between 2% and 4% this year compared to our previous forecast of 4%-5%. The year-to-date average of the China (Export) Containerised Freight Index, which is a measure of freight rates, is down 16% compared to the same period last year. The supply/demand imbalance will be exacerbated by container shipping companies continuing to order mega-vessels. Because of their size, these vessels are largely limited to the Europe-Asia trading lane, contributing to the overcapacity,” Fitch said.

Fitch expects tanker shipping to be more resilient to China’s slowdown than other shipping segments due to better supply-demand fundamentals as a result of a more disciplined capacity growth in 2014-2015.

The stance comes as freight rates rebounded, supporting stronger financial performance of tanker shipping companies in 2014 and 1H15. The fall in oil prices has also strengthened demand despite slowing growth, with China’s oil consumption increasing 2.6% in the first eight months of this year.


Oct 01, 2015


The GMS Scirocco is the second in a series of new build barges that have been designed and built by GMS in Abu dhabi

Abu Dhabi: Gulf Marine Services (GMS), the Abu Dhabi based builder and operator of self-elevated and self-propelling jack-up barges for use in the oil industry, launched its latest vessel, the GMS Scirocco ahead of a four-month contract starting in October for an engineering, procurement and construction contractor working for a MENA-based national oil company.

The GMS Scirocco is the second in a series of newbuild barges that have been designed and built by GMS in Abu Dhabi, the company said in a statement. According to it these barges are able to manoeuvre safely offshore between oil and gas wellheads and provide a stable well intervention and maintenance platform.

Source : Gulf News (September 30, 2015)

Sep 22, 2015



Diminishing profitability in the container shipping sector is expected to continue until the end of the year keeping major carriers on the thin ice, according to the UK-based shipping consultant Drewry.

The downward trend that pushed the carriers’ revenues down in the first year-half, continues exerting pressure on companies’ earnings, with only lower fuel costs keeping profits afloat.

In practice, this meant that the so-called ‘Top 20’ carriers, together controlling approximately 65% of the world’s containership fleet, between them collected just shy of $60 billion in container revenues in the first six months of 2015, down 5% on the same period last year. This was attributed to low demand growth and worsening freight rates.

The drop in fuel costs means that carriers’ costs are falling faster than freight rates, enabling them to continue posting profits, albeit shrinking with each passing quarter. Drewry estimates that industry-wide unit costs fell by about 11% in the first-half 2015 versus the same period last year, whereas unit revenues were down by approximately 7%.

“Based on prevailing fuel and rates in 3Q15 so far we expect the story will be much the same i.e. diminishing profitability, meaning that the accumulation over the first 9 months will be enough for carriers to walk away with okay sums for the full year, regardless of what happens in 4Q15,” Drewry said.

Even though ship owners are trying to cut costs further by ordering of larger and more fuel-efficient ships, Drewry believes that some of that benefit will be negated by the destabilising effect on rates that these new ships are causing.

“Ultimately though, events outside their control are dictating their bottom lines and as such that represents a serious risk to sustainable profitability. Carriers need to somehow find a way to make GRIs stick and boost revenue before costs start rising again. That is a very difficult challenge,” Drewry added.

Source : World Maritime News (September 21, 2015)

Sep 20, 2015


Dubai-based port operator DP World is interested in investing in Russia’s Far East region, the company’s Chairman Sultan Ahmed bin Sulayem said after a meeting with  Russian President Vladimir Putin during the opening of the Eastern Economic Forum (EEF) held in Vladivostok from September 3 to 5.

Following the meeting, Putin mandated Yuri Trutnev, Deputy Prime Minister of Russia and Presidential Envoy to the Far Eastern Federal District, and Maxim Sokolov, Minister of Transport of the Russian Federation, to provide DP World with investment facilities and remove any hurdles to its potential business operations in the Far East, as well as to seek to expand collaboration with the company to include other regions of the federation in the future.

Bin Sulayem described the meeting with the Russian President as “a precious opportunity” which enabled exploring the existing and future potential of joint cooperation in the port operation and free zone sectors both within this vital region in the far east of the country and across the Russian federation in general.

“DP World has got the expertise and resources which position us to be a key player in the execution of Russia’s development plans, particularly for its eastern region’s port and free zone industry,” Bin Sulayem said.

Russia’s inaugural Eastern Economic Forum was held to encourage investors to come to and invest in the Far East region of the country – with the Territory of Priority Development and the Free Port of Vladivostok presented as main investment opportunities.

The Free Port of Vladivostok is expected to stimulate the economic development of the Russian Far East and the successful integration of Russia into the international economic relations system of the Asia-Pacific region. In December 2014, Putin offered to grant the capital of Primorsky, Vladivostok, the status of a free port with easy customs regime.

Source : World Maritime News (September 18, 2015)


Sep 17, 2015


Abu Dhabi Port reaches half-way mark of the first stage that will serve shipping lines and agents

Abu Dhabi: Abu Dhabi Ports, the master developer, operator and manager of ports and industrial zones in Abu Dhabi, on Wednesday said it had reached the half-way mark of the first stage in the implementation of the Maqta Gateway.

With the new milestone, Abu Dhabi Ports sees the full integration of all electronic messaging for transactions processing among port users.

The testing of these message flows will continue with the relevant partners, Abu Dhabi Customs and Abu Dhabi Terminals.

Both entities are fully integrated into the development process and will continue to work closely with Abu Dhabi Ports as Maqta Gateway looks to expedite and streamline trade across the emirate by converting and implementing all port operations through a single point-of-access, Abu Dhabi Ports said in a statement.

It added that Stage I of the project, which is expected to be completed by end of this year, looks to serve shipping lines and shipping agents, with a focus on containerised traffic.

Purpose-built by the trade community for the trade community, the Maqta Gateway Project was inaugurated on December 16 last year as a state-of-the-art port community system (PCS). It is designed in line with international standards that will serve the community by interlinking all of the relevant parties involved in Abu Dhabi’s growing import and export trade business.

“Maqta Gateway offers optimisation, efficiency, automation and transparency, covering the trade process end-to-end. The implementation of a single point-of-access will be highly beneficial for the Abu Dhabi Government, the trade community, and wider society,” stated Captain Mohammad Juma Al Shamisi, CEO Abu Dhabi Ports.

“We welcome our customers, users and other stakeholders to take part in upcoming workshops and facilitate the development of Maqta Gateway, ensuring a robust port community system that benefits the emirate of Abu Dhabi and the wider trade community as whole.”

Source : Gulf News (September 2, 2015)

Sep 17, 2015



Department of Seaports & Customs of the Government of Sharjah, in the UAE has signed a Sister Port agreement with the Canaveral Port Authority of Florida.

The signing ceremony was hosted by port operator Gulftainer, which recently expanded into the USA with a new concession at Port Canaveral and which has long-standing business operations in Sharjah.

The company is expected to play a prominent role in facilitating the implementation of the sister ports’ deal.

The deal will see the two ports bolster cooperation in development of economic resources, international trade and logistics. What is more, the agreement is aimed at enabling private companies within the catchment area of the ports to collaborate on trade and investment prospects.

Under the deal, the parties also agreed to explore opportunities to exchange information and knowledge and develop commercial, technological and cultural ties.

As the operator of the container terminal at Port Canaveral, as well as three main ports in Sharjah on behalf of the Sharjah Port Authority, we have welcomed this agreement with great excitement. This will positively impact our operations and we will continue to strive to strengthen the bond that exists with a view to contribute even further to the economy of both port areas,” Peter Richards, Managing Director of Gulftainer said.

The UAE has been the USA’s largest trading partner in the Middle East region over the last six years. Since 2009, bilateral trade has grown more than 80 per cent exceeding more than USD 24 billion in 2014, representing one of the fastest growing USA economic partnerships.


Source : World Maritime News (September 14, 2015)

Sep 14, 2015



Abu Dhabi: Khalifa Port Container Terminal handled 772,000 TEUs (twenty foot equivalent units) in the first seven months of 2015 compared to the 549,000 TEUs handled in the same period in 2014, marking a 41 per cent increase in container volumes.

Abu Dhabi Ports, the master developer of ports in the emirate, said in a statement on Sunday that the company saw a 21 per cent increase in general and bulk cargo, which reached 8.71 million freight tonnes (FT) during the same period.

In 2015, all roll-on-roll-off operations were transferred to Khalifa Port from Zayed Port in light of the growing UAE market for the automotive sector. This transition to Khalifa Port saw volumes increase by 11 per cent on the back of improved efficiencies.

Currently, Khalifa Port offers a capacity of about 350,000 vehicles a year.

Abu Dhabi Terminals also set new productivity records when its operations team handled the vessel APL BOSTON with an average gross crane productivity of 39.81 gross moves per hour (GMPH), resulting in berth productivity of 135.18 GMPH during a 19-hour, 54-minute port stay.

“Our ability to handle record loads across the cargo and transportation market has been facilitated by our commitment to implementing operational efficiencies and adopting next-generation technologies,” Mohammad Juma Al Shamisi, chief executive of Abu Dhabi Ports, said in a statement.

Such productivity levels across all the ports have seen the network of Abu Dhabi Ports grow to more than 100 direct connections to global ports linked to over 36 shipping lines.

Over the past seven months, the company has invested in upgrading infrastructure, implementing new technologies, and buying new equipment to expand operations.

At Khalifa Industrial Zone (Kizad), Abu Dhabi Ports saw a total of 19 Standard Musataha Agreements signed this year with national and international investors. These projects will represent one million square metres plot size.

Other investments include the completion of the halfway mark of Stage 1 implementation of Maqta Gateway, a new port community system interlinking all of the relevant parties involved in Abu Dhabi’s import and export trade business. This will enhance processing times and communication procedures, improving the productivity and efficiency of services.

Source : Gulf News (September 13, 2015)

Sep 14, 2015


Dubai: DP World, together with joint-venture partners APL, HMM, MOL and CMA-CGM, has officially opened the Rotterdam World Gateway (RWG) terminal, providing the global supply chain with the most innovative and automated container terminal in the world.

RWG’s terminal is able to handle the largest container vessels afloat in the most efficient and reliable way due to its innovative character. With dedicated handling facilities for road, rail and barge and extensive automation on site, RWG looks very different to a traditional marine container terminal. RWG currently employs about 180 people, a large number of whom are IT specialists due to the level of innovation and automation at the terminal. This is a completely new approach to container operations.

DP World Chairman, Sultan Ahmad Bin Sulayem attended the opening ceremony along with the Mayor of Rotterdam, Ahmad Aboutaleb, RWG Managing Director Ronald Lugthart, RWG Board of Directors Chairman Rob van Dijk and Port of Rotterdam Authority CEO Allard Castelein.

Bin Sulayem said: “Rotterdam World Gateway promises to provide an unrivalled level of automation and customer service and brings a new era of technology and modern efficiency in container terminal operations. The ease of connectivity between container vessels, barges, road and rail is a vision of how the future can look in our industry. With RWG, the future of container port operations promises to be cleaner, greener, safer, quicker, more inclusive and brighter. I am extremely proud that DP World and our partners are part of that future.”

Mayor Aboutaleb of Rotterdam said, “If we, as a global port, have the ambition to remain a world player, we need outstanding companies that are ready for the future. RWG is such an organisation.”


Source : Gulf News (September 12, 2015)


Sep 10, 2015



South Korean shipping company Hyundai Merchant Marine (HMM) has become the latest carrier to increase their services at Khalifa Port Container Terminal (KPCT), managed and operated by Abu Dhabi Terminals, by adding the KMS service which provides a weekly port rotation between Korea and Middle East Gulf.

Hyundai’s KMS service was kick started with a maiden call to Abu Dhabi’s main port on Saturday, 5th of September with the 6,800 TEU ‘Hyundai Bangkok’.

This service represents the 4th new service calling at KPCT since the start of the year and further increases the number of direct international destinations from Abu Dhabi aimed at supporting import and export companies that have a GCC focus.

“Our excellent relationship with HMM enables us to connect our customers to global markets. The newly added KMS service links Korea and the Far East directly to major ports in the GCC and has one of the best transit times in the trade which benefits our customers tremendously,” said Simon Brebner, Abu Dhabi Terminals’ Chief Commercial Officer.

“By adding a 4th new service to our network in a short time span and a committed pipeline of developments and expansions, we are determined to continue our growth by expanding our services and providing more value to shipping lines, trade and logistics customers,” he added.

The KMS service rotation includes the following port rotation: Kwang Yang, Busan, Ningbo, Kaohsiung, Yantian, Hong Kong, Singapore, Port Kelang, Jebel Ali, Khalifa Port, Bandar Abbas, Karachi, Singapore, Hong Kong, Kwang Yang.


Source: World Maritime News (September 9,2015)

Aug 30, 2015



Global marine terminal operator DP World reported strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of $405 million, up by 21.9% compared to the first half of 2014.

DP World’s revenue stood at $1.9 billion, compared to the revenue of $1.6 billion from the same period in 2014, with key growth drivers being the UAE and Europe.

The terminal operator said that its revenue growth of 14.5% was also supported by acquisition of Economic Zone World (EZW).

“This financial performance has been achieved despite uncertain market conditions, which once again demonstrates the well diversified and resilient nature of our portfolio. In 2015, we have invested over $3.5 billion in acquisitions and expansionary capex, and this investment leaves us well placed to capitalise on the significant medium to long-term growth potential of this industry,” said DP World Chairman, Sultan Ahmed Bin Sulayem.

“We remain on course to deliver over 100 million TEU of capacity by 2020, while maintaining the existing shape of our portfolio that has a 70% exposure to origin and destination cargo and 75% exposure to faster growing markets. This positioning will enable us to deliver both earnings growth and shareholder value over the long term.”

Like-for-like revenue increased 7.6% driven predominately by containerised revenue growth of 5.7% on a like-for-like basis, with containerised revenue per TEU increasing by 2.1% on a like-for-like basis and non-containerised revenues growing by 14.7% on a like-for-like basis.

DP World’s adjusted EBITDA amounted to $924 million and adjusted EBITDA margin was 48.6%, when compared to 1H2014 adjusted EBITDA of $778 million and adjusted EBITDA margin 46.9%.

Group Chief Executive Mohammed Sharaf commented: “Our capex programme remains on track and we have added over 3 million TEU of new capacity in the first half of 2015 with our projects in Rotterdam (Netherlands) and Nhava Sheva (India) now operational. Yarimca (Turkey) and the second phase of Terminal 3 Jebel Ali (UAE) are on track for the second half of 2015.  We believe this additional capacity will contribute to growth in the coming years and deliver enhanced returns to shareholders over the medium term.

“The near term outlook remains uncertain with limited visibility. However, we believe our business is well positioned to continue to outperform the market. We remain focused on delivering relevant new capacity in the right markets, improving efficiencies and managing costs to drive profitability.  Our first half performance underpins our confidence in meeting full year market expectations.”

DP World also said that by year end the group expects to have approximately 85 million TEU of capacity globally, with 30% of capacity in the Middle East and Africa, markets that are forecast to grow significantly.

“Overall, while we have enjoyed a positive first half, we expect growth rates to moderate in the second half due to softer global GDP growth. However, historically our second half throughput performance has been stronger than the first and we expect that trend to continue. The solid financial performance of the first six months leaves us well placed to meet full-year market expectations,” Sharaf added.


Source: World Maritime News (August 27, 2015)

Aug 30, 2015



Dubai: A Mumbai-based globally recognised ship classification society has opened its office in pivotal Abu Dhabi market to offer technical inspection and certification services to ships, marine craft and structures.

Indian Register of Shipping (IRClass)’ new location in the UAE’s capital is the organisation’s second office in the Middle East after Dubai which reflects its strong commitment to the region. It also represents the latest stage of IRClass’ strategic expansion in key global territories.

“Oil and Gas is an important growth area for IRClass and Abu Dhabi is therefore a pivotal market location. This new office will enable our proximity to customers and ability to better service the needs of the offshore as well as onshore sectors,” Chief Operating Officer at IRClass C Sriramamurthy said Friday.

“IRClass will offer various services including design validation of ships and offshore structures, technical inspection and certification of jackup barges, offshore platforms, submarine pipelines, refinery shutdown services, plus inspection of machinery, equipment and pipes.

“All these services are naturally in addition to our core ship classification capability,” Sriramamurthy said.

He underscored the significance of Abu Dhabi as an Oil and Gas hub, saying IRClass sees enormous potential in the Middle East market which is reflected in the establishment of the second new office.

“Our growth strategy includes further strengthening our presence in other important territories such as South East Asia and Africa,” Sriramamurthy added.


Headquartered in Mumbai, IRClass was founded in India in 1975. It is a non-profit organisation, public undertaking and among the 13 member International Association of Classification Societies.


Source: Gulf News (August 29, 2015)

Aug 18, 2015


Paromita Day goes behind GCC states' drive to develop largescale marine infrastructure to transform their coastlines into logistics hubs.


In June 2015, Dubai based real estate developer, Al Fara'a Properties announced its intention to build at Dubai Maritime City. Currently in pre-planning stage, the waterfront residential project will add to the growing list of maritime projects in the city - and the GCC - which are being carried out by private firms and governments alike to expand their geographical coastlines.

Leading the GCC’s shift towards the shore is Dubai, which is expected to be among the top seven maritime centres in the world by 2020, according to a survey by Menon Business Economics Group, which cited a statement from the Dubai Maritime Authority (DMCA).

Since Dubai’s hosting right for Expo 2020 was announced, sizeable investments have been made by government bodies and renowned developers to increase the Emirate’s coastline. These include projects such as RTA’s $544m (AED2bn) water canal project Sheikh Zayed Road, and Nakheel’s Deira Island development, expected to add 40km to Dubai’s Coastline, including 21km of beachfront. A few hundred kilometers away in Abu Dhabi, the UAE’s capital city is developing its marine borders for heave industry use, primarily through the construction of ports and freezones.

These include Dalma Port and Marfa Port, both of which were worked on by Parsons. The American engineering specialist was involved with Jebel Ali Port in Dubai, and Sohar Port in Oman.

“Over the years, Parsons has worked on many prestigious regional marine projects,” a company spokesperson said.

“At Abu Dhabi’s Khalifa Port, Parsons provided detailed design on infrastructure, utilities, and quay wall. Parsons’ projects outside of port facilities include a seawater supply project for oil fields in Iraq.”

Meanwhile in Kuwait, consultant SSH is working on a contract awarded by Kuwait Oil Company, a government-held subsidiary and the world’s fourth-largest exporter of oil.

“Kuwait Oil Company has awarded SSH a contract to perform consultancy services for its marine facilities upgrade,” George Abi-Hanna, resident director at SSH Kuwait, tells Maritime & Ports.

“[It is] a challenging logistical marine-based project, which includes the construction of a breakwater and harbor; demolition works; additional buildings for stores; workshops and worker amenity buildings; and, a dry dock, including carnage points and oil separators,” Abi-Hanna adds.

The project is a prestigious one, and SSH knows it will have to overcome the challenges typical of marine developments, to successfully deliver the project.

Abi-Hanna points out the shortage of skill in the marine engineering field. Changing sea conditions and controlled working hours are common hurdles to overcome on marine projects. Furthermore, he explains that the operators must have specific skill-sets to apply and manage different types of material and equipment while on-site.

“It is challenging to find the right consultant who is locally experienced in this field,” SSH’s Kuwait chief says.

“As a result, our marine engineering consultants were sourced from abroad, where we benefit from their international standards and expertise.”

“Due to its nature, marine projects’ administration, control, and supporting services buildings such as the firefighting and water treatment network; stores; and workshops have different design requirements because of the operation and maintenance needs of each,” Abi-Hanna adds.

Construction and execution for a marine project takes meticulous micro-planning, Mark Phelan, operations manager for Middle East marine at BAM international tells Maritime & Ports, adding “it is a different world when it comes to combating factors like water depths, waves, and work from floating and jack up platforms”.

BAM International is currently working on the Aqaba LNG terminal in Jordan, and Al Dabbiya artificial islands development in Abu Dhabi. Drawing from his plans for similar such projects, Phelan says: “Weather affects logistics, payments and approvals are usually our main challenges.

“[However], as we self-execute our work with our own floating equipment and in-house design, we only have to deal with external challenges,” he adds.

Approval processes, it would appear, do indeed pose significant challenges for marine contractors. Parsons’ spokesperson says obtaining approvals from relevant authorities is “one of the greatest challenges we [marine contractors] face”.

The source continue: “During the planning stage of the project, all the relevant authorities will be contacted beforehand, requesting the correct approval and paperwork. This saves time during the construction phase of the development, and [understandably,] saving time can in some circumstances result in cost savings to the client.”

None of these hurdles, however, will restrict the GCC’s maritime growth, in large part owing the projects investments made – besides government bodies – by large international companies in the region. Consolidated Contractors Company (CCC), for instance, is currently bidding unnamed marine projects in Saudi Arabia and Africa, a marine works expert within the company, who wishes to remain anonymous, says.

In Dubai,Dutch contractor Van Oord has been awarded a $105m (AED385.7m) deal to deliver 25.3km of coastline and breakwaters at Deira Islands.

With big money and even bigger ambitions at stake, construction within the Gulf’s marine sector looks to have smooth waters ahead for the foreseeable future.


Source: MARITIME & PORTS (AUGUST 2015; V3:I8)

Aug 10, 2015

GulfNav Settles with NAT over Nordic Harrier Case

Dubai-listed tanker operator Gulf Navigation Holding has signed a settlement agreement with one of its major creditors, Nordic American Tankers Limited, Bermuda (NAT), over a 2014 arbitration award.

The arbitration case related to the 6-year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic (now named Nordic Harrier) covering the period 2004 to 2010.

When the vessel was redelivered to NAT by GulfNav in October 2010, it was in very poor technical condition. The vessel had not been technically operated according to sound maintenance practices by the charterer. NAT had the vessel repaired in the autumn of 2010/spring 2011, and made a claim against GulfNav for costs incurred. A London arbitration panel ruled in favour of NAT back in 2014, and awarded the company USD 10.2 million plus direct costs and calculated interest.

Under the terms of the agreement with NAT, GulfNav will now issue mandatory convertible bonds with a face value of AED 37.34 million (USD 10.16m) as full and final settlement for claims made by NAT. The bonds will be issued prior to August 20, 2015, subject to regulatory approvals.

The settlement follows the company’s recent report of a net profit growth of 172 per cent to AED 10.042 million (USD 2.74 million) in the first half of 2015 amidst intensive efforts to address creditor issues. GulfNav now has a total capital of AED 551.7 million.

Hazza Baker Al Qahtani, Founder and Chairman of Gulf Navigation Flolding PJSC, said: ”We appreciate the full support given by our shareholders, investors and government regulators in our efforts to resolve pending creditor concerns. They were all instrumental to our successful negotiations with Nordic American Tankers Limited and will definitely be crucial to similar ongoing talks with other creditors. Our exceptional profit for the first half of this year validates our improving financial position and we expect to direct our focus more on future growth in the coming months.”

Source: World Maritime News

Jul 21, 2015

Jebel Ali the world’s most productive port


Dubai: DP World’s flagship Jebel Ali Port was the most productive port in 2014, according to the latest JOC Port Productivity report that looks at 771 ports worldwide.

The port handled 131 moves per ship per hour in 2014, a 10 per cent improvement on the 119 moves it had in 2013 when it was also the world’s most productive port.

JOC defines productivity as the average number of moves per hour for each ship. A move is the loading, offloading and repositioning of shipping containers.

In an emailed statement, DP World Chairman Sultan Bin Sulayem said the top ranking is a reflection of the company’s investment in the port including the soon-to-be completed semi-automated Terminal 3.

“We constantly work towards improving turnaround times for ships at our berths, which in turn delivers benefits down the supply chain to other stakeholders,” stated Bin Sulayem.

Six ports from China featured in the top 10 as well as one from Japan and South Korea. Sharjah’s Khor Fakkan Port, operated by Gulftainer, was listed as the tenth most productive port in the world.

However, its year-on-year productivity rate slipped to 100, down from 119 in 2013.

In the Europe, Middle East and Africa, Jebel Ali, Khor Fakkan and Abu Dhabi’s Khalifa Port were the most productive.

Oman’s Salalah Port was fourth and Saudi Arabia’s Jeddah Port was seventh. Ports from Germany, Netherlands, Spain and Belgium also made the regional top 10.

Source: Gulf News 

Jul 28, 2015

\"\"DP World building new $1.6b Jebel Ali terminal

Dubai: DP World, one of the world’s largest port operators, is building a new $1.6 billion (Dh5.87 billion) terminal at its flagship Jebel Ali Port in response to expected growth in demand leading up to Expo 2020.

Phase 1 of the new Container Terminal 4 will add 3.1 million twenty-footy equivalent units (TEUs), a shipping container measurement, by 2018, increasing capacity at the port to 22.1 million, DP World said in an emailed statement on Tuesday.

“The new capacity is a response to feedback from customers expressing the need for more capacity at Jebel Ali due to an expected increase in trade in the run up to Expo 2020. Shipping lines will be able to bring more of the world’s largest vessels to our terminals so helping improve the efficiency of the region’s supply chain,” stated Sultan Bin Sulayem, chairman of DP World.

The new terminal will have a 1,200 metre long quay with an 18-metre draft, 13 “of the world’s largest” cranes and 35 automated rail mounted gantry cranes, DP World said.

By 2018, the port complex will have at least 100 cranes and the length of the quay will be around 11,000 metres.

Terminal four is being built on a reclaimed island north of the existing Terminal 2, allowing the port operator to further expand capacity to 7.8 million TEUS, and will be connected by a 3,000 metre causeway and bridge to land near Terminal 2.

DP World also announced on Tuesday its first half 2015 gross container volumes across all global ports, which rose 4.1 per cent compared to a year earlier.

UAE terminals, including Jebel Ali, handled 7.9 million TEUs over the six months ending June 30, 2015, an increase of 6 per cent compared to a year earlier.

Gross container volumes handled in the Europe, Middle East and Africa region increased 7.1 per cent. The Asia Pacific and Indian subcontinent recorded 2.8 per cent growth. Meanwhile, America’s and Australia markets handled 0.1 per cent less than a year earlier.

“Full-year market volume growth is now forecast to be at approximately 3 per cent, and DP World is expected to perform ahead of the market. Overall, given the solid first half volume performance, we remain confident of meeting full year market expectations,” stated group chief executive Mohammad Sharaf.

Source: Gulf News

Apr 26, 2015

DIAMOND SHIPPING SERVICES carries export projects for COMBIFLOAT - designers and suppliers of floating modular construction equipment. This shipment is from Jebel Ali, Dubai to Manzanillo, Panama. This was handled conventionally by our operational team who was the right set of skills who's giving professional and the most satisfying service to our clients.

Dec 31, 2012

Diamond Shipping partners with CargoLogin, Head quartered in Antwerp, one of the largest forwarder group with network throughout Europe, Africa, Middle East and Latin America. CargoLogin offers FCL, Groupage & Air Freight services throughout its network. Partnering with CargoLogin, will assist us in further expanding our forwarding business.


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