Saudi Arabia Archives - Page 59 of 63 - Maritime Shipping News

Sailor Warning After UAE Reports Oil Tankers Attacks in the Persian Gulf

13 May 2019

U.S.-bound Saudi tanker hit by ‘sabotage’ on way to load oil off the United Arab Emirates coast on May 12.
Two of the targeted tankers were registered in Saudi Arabia, one was flagged in the U.A.E. and the other in Norway.
Antagonism between the U.S. and Iran intensified this month after President Trump ended exceptions to U.S. sanctions on Iranian oil sales.
Saudi Arabia’s Tadawul All Share Index retreated 1.8%, and shares of Bahri, the kingdom’s biggest owner of oil tankers, dipped as much...

http://mfame.guru/sailor-warning-after-uae-reports-oil-tankers-attacks-in-the-persian-gulf/

Bahri reports significant surge in profitability

1 May 2019

Riyadh-headquartered Bahri has reported a highly positive set of results for the first quarter of 2019, despite challenging market conditions. The company’s net profit jumped 4% and revenues grew 17% during the quarter ending March 31st, 2019, compared to the same period in 2018.

Bahri posted a net profit of SAR 179.33 million in this quarter, which was an astonishing 96.1% higher than in the preceding three months, and well up on the SAR 123.14 million reported for the first three months of...

https://www.themaritimestandard.com/bahri-reports-significant-surge-in-profitability/

Saudi Aramco tipped to lead clean tanker charge

19 April 2019

As Saudi Aramco’s clientele increasingly faces east, its fleet needs are expected to change dramatically from dirty to clean tankers, according to the latest report from Alphatanker, part of AXS Marine. The lion’s share of Saudi crude is now exported to Asia rather than across the Atlantic. As a...

https://splash247.com/saudi-aramco-tipped-to-lead-clean-tanker-charge/

Subsea 7 and L&T awarded Saudi Aramco contracts

1 April 2019

Subsea 7 and Larsen & Tubro’s L&T Hydrocarbon Engineering have been awarded in consortium two contracts by Saudi Aramco for conventional projects in shallow waters offshore Saudi Arabia. The engineering, procurement, construction and installation contracts have been awarded under a long-term...

https://splash247.com/subsea-7-and-lt-awarded-saudi-aramco-contracts/

Shelf Drilling jackup extended by Saudi Aramco for three years

28 March 2019

Dubai-headquartered Shelf Drilling has secured a three-year contract extension from Saudi Aramco for 1981-built jackup rig . The contract is in direct continuation with the rig’s current contract, and will see the rig operating off Saudi Arabia until March 2022. Shelf Drilling was formed in 2012,...

https://splash247.com/shelf-drilling-jackup-extended-by-saudi-aramco-for-three-years/

Standard Club alerts on trade between Qatari ports and ‘Restricted states’

21 March 2019

Standard Club released a statement according to which direct trade between Qatar and seven states, also known as ‘restricted states’, Bahrain, Saudi Arabia, the United Arab Emirates, Egypt, Yemen, Libya and the Maldives remains restricted or prohibited.

Specifically, the Club highlights that the restriction has to do with the discharge of products originating from Qatar in one or more of the Restricting States, and discharge of goods originating from one or more of the Restricting States in...

https://safety4sea.com/standard-club-alerts-on-trade-between-qatari-ports-and-restricted-states/

Bahri tanker strikes Taiwanese naval vessel in Keelung

11 March 2019

Product tanker has allided with Taiwanese naval vessel Ning Yang at Keelung port on Saturday. The incident happened when the 45,000 dwt vessel was entering a port terminal and it struck the navy ship, which was anchored at port. Both vessels suffered minor damage, and no injuries or leakage were...

https://splash247.com/bahri-tanker-strikes-taiwanese-naval-vessel-in-keelung/

Asia Offshore Drilling secures jackup rig extension from Saudi Aramco

11 March 2019

Asia Offshore Drilling has secured a three-year contract extension from Saudi Aramco for 2013-built jackup rig . The extension is worth $80m and sees AOD I continue to operate in the Middle East through to June 2022. The rig has been on contract with Saudi Aramco since it was first delivered in...

https://splash247.com/asia-offshore-drilling-secures-jackup-rig-extension-from-saudi-aramco/

Saudi Maritime Congress To Focus On Role Of Shipping & Logistics Sectors

5 March 2019

The commitment from five of the Kingdom’s maritime leaders at the world-class Saudi Maritime Congress in Riyadh highlights the significant platform this allows to discuss how Vision 2030 will transform the Saudi economy and its heavy reliance on oil, and what this may mean for the shipping and logistics sectors.

H.E. Dr Nabel Bin Mohammed Al Amudi, Minister of Transport, Kingdom of Saudi Arabia, H.E. Dr Rumaih bin Mohammed Al Rumaih, President, Public Transport Authority, Kingdom of Saudi...

https://www.marineinsight.com/shipping-news/saudi-maritime-congress-to-focus-on-role-of-shipping-logistics-sectors/

China, Saudi Arabia to bolster cooperation through Belt and Road

26 February 2019

Chinese President Xi Jinping met with Saudi Arabia’s crown prince, Mohammed bin Salman Al Saud, Friday, in Beijing, to discuss a new horizon for bilateral friendship and strategic relationship. The Chinese president also called on the two sides to reinforce synergy of development strategies and cement the integration of each other’s interests.

The two countries should speed up the signing of an implementation plan on connecting the Belt and Road Initiative with the Saudi Vision 2030,

…the...

https://safety4sea.com/china-saudi-arabia-to-bolster-cooperation-through-belt-and-road/

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