British marine engineering firm James Fisher and Sons has expanded its capabilities in the Middle East with the acquisition of Saudi Arabian service provider Murjan Al-Sharq Marine Contracting (MSMC). MSMC has nearshore marine construction and maintenance capabilities, with a 10-year track record...
Saudi Arabia
Safe Boats signs teaming agreement with Al Blagha
Attendees of the Naval Defense Exposition (NAVDEX) last week witnessed the executive leadership of Safe Boats International LLC and Saudi Arabia’s Al Blagha Industrial Co. entering into a formal teaming agreement for long term service, support and production of Safe Boats products, including the MK VI Patrol Boat, in the Kingdom of Saudi Arabia.
The agreement formalized a partnership to ensure Safe Boats vessels in the region receive the support and maintenance required for maximum mission...
https://www.workboat.com/news/people-and-products/safe-boats-al-blagha-sign-teaming-agreement/
Watch: NABL presents Fujairah-Mumbai underwater train tunnel
According to National Advisor Bureau Limited (NABL) the project is an underwater train tunnel, that is planned to connect the UAE and the other GCC countries for the first time in India. The project will consist of a subsea Tunnel and an Ultra Speed subsea railway line. The Concept of the Tunnel is based on well-known technology applied to floating bridges and offshore structures & immersed tunnels.
Specifically, the Fujairah-Mumbai Tunnel & Subsea Ultra Speed Train Line Project is currently at...
https://safety4sea.com/watch-nabl-presents-fujairah-mumbai-underwater-train-tunnel/
India, Saudi Arabia launch strategic partnership
India and Saudi Arabia will launch a mechanism for coordinated decisions regarding strategically important issues, sources said on Monday, Feb. 18. The announcement came a day before the Saudi Crown Prince Mohammed Bin Salman arrives here as part of his tour of Asia, where he chose Pakistan as his first destination.
“India and Saudi Arabia have a strong independent strategic partnership and it will be further strengthened with the launching of the Strategic Partnership Council that will cover...
https://container-news.com/india-saudi-arabia-launch-strategic-partnership/
Progress continues at public and private sector Saudi ports
Saudi Ports Authority (Mawani) has announced a number of significant initiatives in recent weeks. It has, for example, launched an integrated shipment scheduling system at King Abdul Aziz port in Dammam, as part of a package of electronic clearance services which it is rolling out with the aim of reducing cargo dwell time at Saudi ports. Clients can now electronically schedule a time of arrival at the port and choose a carrier.
Mawani has also facilitated a cooperation agreement designed to...
https://www.themaritimestandard.com/progress-continues-at-public-and-private-sector-saudi-ports/
Bahri reports profits boost
Riyadh-headquartered Bahri achieved a 24% increase in revenues in the fourth quarter of 2018, ending the year on a high. This growth in turnover helped boost operating profits in the quarter by almost 40% compared to the level achieved over the fourth quarter of 2017.
For the fiscal year 2018, Bahri generated total revenues of SAR 6.13 billion, up 1.3% from SAR 6.05 billion the previous year. The company’s annual net profit, however, was down sharply, at SAR 481 million, compared with SAR 800...
https://www.themaritimestandard.com/bahri-reports-profits-boost/
King Abdullah Port annual throughput increases by 36% in 2018
The annual throughput of Saudi Arabia’s King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36% compared to 2017, maintaining its position as the second largest port in the Kingdom in terms of container handling.
Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management states that the annual increase in throughput was primarily achieved in conjunction with an 8% increase...
https://safety4sea.com/king-abdullah-port-annual-throughput-increases-by-36-in-2018/
King Abdullah Port inaugurated in Saudi Arabia
Prince Mohammed bin Salman bin Abdulaziz of Saudi Arabia inaugurated the King Abdullah Port during his visit to King Abdullah Economic City, on February 11. The King Abdullah Port is the kingdom and region’s first port developed, managed and operated by the private sector.
King Abdullah Port was established on the basis of an ambitious vision that the Kingdom of Saudi Arabia needs a world-class port that will be able of accommodating modern vessels and absorbing increasing imported goods.
GET THE...
https://safety4sea.com/king-abdullah-port-inaugurated-in-saudi-arabia/
Bahri clarifies position on Venezuelan bound tanker
One of the Middle East’s largest shipping lines, National Shipping Company of Saudi Arabia (Bahri), yesterday clarified that its tanker was not breaching the US sanctions on Venezuela. The ship hit the headlines over the weekend as it was alleged it was contravening sanctions placed on the Latin...
https://splash247.com/bahri-clarifies-position-on-venezuelan-bound-tanker/
Bahri replies to accusations of breaching Venezuela sanctions
Saudi Arabia’s tanker owner Bahri has dismissed reports that one of its very large crude carriers (VLCCs) was breaching U.S. sanctions on Venezuela. The company reports that the cargo, they’re accused of, was contracted on January 9, 2019, well before the U.S. sanctions were imposed against Venezuela on January 28, 2019. The company’s 303,000 dwt oil tanker Abqaiq is on its way from the Red Sea to pick up a cargo from the Port of Jose Terminal in Venezuela for one of its Indian customers.
Main...
https://safety4sea.com/bahri-replies-to-accusations-of-breaching-venezuela-sanctions/