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CONTENTS CONTENTS OVERVIEW 19 RAK PORTS: RAK Ports has 37 IFCHOR: Expansion of the Dubai 04 INTRODUCTION: Across the emerged stronger after making changes office highlights the importance attributed country, companies and organisations during the pandemic by senior management to the region have gone above and beyond the call of duty to maintain business continuity 20 CSP: Innovation drives rapid 39 RMI: Increased regional business PORTS & TERMINALS growth at Abu Dhabi terminal has proved to be a key influence in 06 DP WORLD: An ongoing Marshall Islands’ overall global growth SHIPPING & commitment to advanced technologies is SHIPBROKERS CLASSIFICATION at the heart of DP World’s strategy. 41 DNV: Embracing advanced 23 ADNOC L&S: The carrier is 10 ABU DHABI PORTS: Continued technology has proved its value for developing one of the world’s most DNV over the course of the pandemic investment in infrastructure and modern crude oil transportation fleets. technology has driven trade growth 45 LLOYD’S REGISTER: LR has 27 E-SHIPS: A balanced portfolio of 15 SHARJAH PORTS: Higher levels increased its market share with tanker assets has protected the company from projects to the fore over the past year of bulk cargo activity have driven extreme downward market movements significant increases in throughput 45 ABS: Digitalisation has powered 28 TOMINI: The already young bulk positive developments as ABS adapts to carrier fleet has been further modernised changed market conditions by a number of new vessels 47 TASNEEF: Partnership deals have 30 HAPAG-LLOYD: Service changes helped Tasneef build towards strategic are expected to further strengthen the goals carrier’s position in Middle East markets SHIPYARDS AND 31 CSM: The Dubai-headquartered MARINE ENGINEERING company is blazing a trail with new 48 DRYDOCKS WORLD DUBAI: technology Drydocks World exceeded targets set for 33 ANTARES: Tanker chartering ship repair work in 2020 with a distinct boutique approach sets the company apart 35 ISL: Resilient bulk shipping markets underpin a strong performance 35 TRANS CORAL: Trans Coral Shipping celebrates a decade of success and plans for expansion 2021/22 TMS UAE Yearbook 1
ADNOC Logistics & Services is the largest fully-integrated shipping and logistics company in the GCC. As the maritime logistics arm of ADNOC Group, we support the entire UAE’s oil and gas value chain through our three operating segments: shipping, integrated logistics and marine services. ! maritime and logistics solutions based on a 40- year legacy of excellence in the industry. Located in the global energy capital of services to 100 plus customers in more than 40 countries.
CONTENTS 50 ARC: ARC is bouncing back with 60 PETER MACHADO: Machado 75 PPG: The amalgamation of the its pressure vessel business continuing to has been proving the value of marketing PPG and Sigma brands in the UAE has thrive with a broad portfolio. raised the company’s coatings profile 51 GOLTENS: Environmental 61 YACHT INTERNATIONAL: The INSURANCE & LAW 76 NASCO: Nasco Middle East retrofits have solidified Goltens Dubai’s company has expanded its operations status as a green centre of excellence despite challenging circumstances remains well placed in a high performing sector LOGISTICS 63 ASCA: The diversified marine 53 GAC: Significant solar power 77 ISLAMIC P&I: Diversification services provider has consolidated its installations align with governmental market position plans gather pace at Dubai-based strategy insurer 64 SAIFEE: The chandler has been 55 AJMAN FREE ZONE: Ajman Free 79 HFW: The company has been meeting needs of shipowners calling at Zone is benefiting from a new strategy UAE ports for five decades successful in focusing on specific of developing multiple industry clusters industry sectors 66 ST KITTS: Having a maritime MARINE SERVICES 80 EMAC: The centre remains AND TECHNOLOGY registrar based in Dubai is proving 56 SEAMASTER: The company advantageous for the registry steadfast in pursuit of its original mission continues to invest with the addition of 67 DESMI: Plans for expansion, both another crew boat planned AWARDS within the UAE and the wider Middle 59 CUMMINS: The regional East region, are under discussion 83 AWARDS: The seventh annual distributor is targeting newbuild and 68 MARIAPPS: The company has The Maritime Standard Awards retrofit projects for all kinds of vessel celebrated the achievements of the top applications been expanding as demand for digital performers in the region’s shipping and solutions grows maritime sectors. 71 CONSTELLATION: Cyber security is a growing challenge for the maritime sector 72 STAG: The company has some new solutions enabling it to continue to provide services to owners and operators PO Box 25980, Dubai, UAE. Licence No.: 5568/2014 Tel: +971 4 380 5556 Printed by: Emirates Printing Press, Dubai Fax: +971 4 380 5509 Copyright © 2021 The Maritime Standard. Email: [email protected] All rights reserved. Managing Director & Publisher: Published under the licence of: Creative City Although every effort has been made to ensure Trevor Pereira Fujairah Free Zone that the information contained in this Editor: Clive Woodbridge publication is correct, the publishers accept no Sales Manager: Ammaar Murtaza Moosa liability for any inaccuracies that may occur. Sales Executive: Aman Gurnani No part of this publication may be reproduced, Design and Production: Nick Blaxill stored in a retrieval system or transmitted in Design & Operations Executive: Don any form or by any means without prior written Wirasinha permission of the copyright owner. Published by: The Maritime Standard FZE 2021/22 TMS UAE Yearbook 3
INTRODUCTION UAE maritime sector proves robust in the face of crisis Across the country, companies and organisations have gone above and beyond the call of duty to maintain business continuity S ince March 2020 and the onset of the Covid- intelligence (AI) to smooth cargo ows, as well as at Abu 19 crisis, the maritime and logistics business Dhabi Ports. Its Abu Dhabi Terminals division has recently in the UAE has had to face unprecedented signed a partnership agreement with Microsoft that heralds challenges. Without exception the sector has the next phase of the digital transformation of facilities at responded proactively and positively and Khalifa Port. The two companies will work together to enhance container tracking and autonomous shuttle shown its capabilities as a critical service capabilities through the deployment of AI using Microsoft’s cloud technology. provider, implementing measures as part of robust business Abu Dhabi Ports Group CEO, Captain Mohamed Juma continuity strategies aimed at not only protecting personnel Al Shamisi, says: “Looking at the wider trends that are impacting our sector, it is clear that many demographical, but ensuring that trade within the Emirates continues to ow technological and sustainability factors are reshaping how global maritime trade functions. The outbreak of the unhindered. pandemic last year caused shock and upheaval and so far in 2021 has led our industry to continue intensifying its efforts While non-essential staff were directed to work remotely, at promoting sustainability and adapting digitalisation.” those on the front line – for example in ports and warehouses Critical infrastructure or at sea – became an integral part of the nation’s effort to Abu Dhabi Ports has also fast-tracked the development of critical infrastructure, such as cold-store facilities, which has combat the impact of the pandemic and ensure critical contributed greatly to national vaccination efforts. The group currently plays a leading role in the Hope Consortium, the supplies continued to be received and distributed throughout government-led effort to realise full global vaccine distribution, committing storage and distribution resources the country. A debt of gratitude is owed to the industry which and logistics facilities at KIZAD, as well as Khalifa Port. The UAE-hosted Hope Consortium represents an end-to-end has stepped up and followed the guidance and requirements supply chain solution and is building up its supply chain capacity to handle to 1.8 billion vaccine doses by the end of of the UAE’s wise leadership in these dif cult times. 2021. Investment at Creative solutions While 2020 was the most challenging year for many UAE Khalifa Port in based maritime companies for a generation, it was not all Abu Dhabi The industry has innovated and adopted creative solutions to doom and gloom. The UAE’s leading shipyard, Drydocks continues at overcome the challenges presented. Most signi cantly, the World Dubai, maintained shiprepair volumes against the pace UAE maritime sector has accelerated the digitalisation of port odds and achieved a pro table trading year, one of the few and shipping related services, and this has played a huge role shiprepair yards worldwide to do so. Shipping companies 4 in facilitating trade at a time when face-to-face contact has such as Eships and ADNOC Logistics and Services (ADNOC been restricted. Evidence of this strategy in practice can be L&S) and Tomini Shipping were able to capitalise on positive seen at Jebel Ali, where DP World has started to implement market trends and achieve positive outcomes. Both Eships its groundbreaking Boxbay system and is harnessing arti cial and Tomini Shipping took delivery of a series of new ships in 2020 while ADNOC L&S has announced a major investment programme, including the acquisition of new VLCCs for the rst time. It is an encouraging sign of the fundamental health of the UAE shipping community that this eet expansion has taken place. Investment has also been stepped up at the country’s ports and terminals, with DP World focusing heavily on new technology, while at Abu Dhabi Ports the expansion of TMS UAE Yearbook 2021/22
INTRODUCTION The UAE ports industry has stepped up its use of digital solutions ADNOC L&S is buying new bulk carriers as well as tankers container facilities at Khalifa Port continue apace, and The year 2021 is an important one for the UAE as it Saqr Port can signi cant bulk cargo developments have also been in celebrates 50 years as an independent nation. The country now handle evidence at Ras Al Khaimah’s Saqr Port. will also host the delayed Expo 2020 in Dubai showcasing larger bulk the achievements of the country and its place in the global carriers thanks On the East Coast, Fujairah Terminals has completed a economy. The maritime sector has been at the heart of the to recent programme of expansion that increases the terminal’s general UAE’s development over the last ve decades and has investment cargo throughput capacity to 1.3 million tonnes, providing a played a critical role in the country’s emergence as a trading multipurpose area of 25,000 m2 for general cargo and ro-ro hub. Doubtless it will continue to do so for the next 50 services and increases annual container capacity to 720,000 TEU. years as well. In addition, the quay wall has been extended from 760 m to 1,000 m in length and the approach channel has been deepened The outbreak of the pandemic last year... from 12 m to 15 m to enable the port to handle larger vessels. has led our industry to continue intensifying its efforts at promoting The country’s ports sector is continuing to adopt a bold sustainability and adapting digitalisation. approach and is creating the infrastructure and services required to support economic development, not just within – Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports the UAE but across the region over the years to come. As the global economy recovery accelerates, this investment is likely to prove very timely indeed. 2021/22 TMS UAE Yearbook 5
PORTS AND TERMINALS Digital investment adds stability for Jebel Ali An ongoing commitment to embrace advanced technologies is at the heart of DP World’s strategic approach A night-time T he logistics and supply chain sector went Abdulla Bin Damithan, CEO and Managing Director view of DP through an unprecedented period due to the of DP World – UAE Region & Jafza, says: “The biggest World’s flagship Covid-19 outbreak in 2020. The shutdowns challenge during this period was to keep the supply chain Jebel Ali and disruptions in the supply chain revealed of critical and essential cargo running seamlessly, while container port important weaknesses, such as a lack of protecting our people, which is the utmost priority. Fortunately for us, we were able to sustain the momentum transparency with regard to the movement of in our trade operations by accelerating our digitalisation cargo and over- dependency on single suppliers and geographies. 6 TMS UAE Yearbook 2021/22
of trade and logistics.” PORTS AND TERMINALS Indeed, one of the keys to DP World’s ability to ride out Abdulla Bin the worst of the pandemic was its investment in digital Damithan, CEO technology and automation, which paid off at a time when it and Managing was most needed and ensured the company faced minimal Director of DP disruption at Jebel Ali. World – UAE Region & Jafza Testing time “It was a testing time and showed how well we were equipped to handle unprecedented crisis situations like the pandemic,” says Bin Damithan. “We brought forward several digital initiatives that were in the pipeline, such as remote terminal operations, the Digital Freight Alliance, the Electronic Delivery Order (E-DO) and ZADI, which is designed to enhance food security in the UAE. Together these maintained business continuity and ensured the uninterrupted ow of trade in essentials.” The pandemic provided DP World with an excellent opportunity to test its digital capabilities and capacity and to check how well equipped it was to ride out this period of disruption and maintain business continuity. Bin Damithan adds: “While digital initiatives were accelerated to ensure the uninterrupted ow of trade, we have been also evaluating ¯ 2021/22 TMS UAE Yearbook 7
65 years of connecting the world
PORTS AND TERMINALS advanced technologies such as robotics, automation, arti cial the particular needs of manufacturing and trading companies The automated intelligence (AI) and 5G, as they will not only allow us to at every step of the supply chain and to support customers Boxbay facility optimise the ef ciency of our business but also help us from rst to last-mile delivery. Bin Damithan adds: “We aim has shown many enhance our customer-centric approach.” to continue to achieve this by leading the digitisation of benefits during global trade and logistics, and by enhancing the ef ciency of initial trials This year has, in fact, seen a great start for DP World’s our own internal processes. Covid-19 has rede ned how we automated container handling system, BoxBay, which has been stay connected and how we conduct trade, and digitisation undergoing trials at Jebel Ali port. DP World celebrated the and automation are the future of international trade.” completion of the rst 10,000 container moves in the high bay, 11-storey system at Terminal 4 over the rst quarter of the year. Sustainable and adaptable business models Bin Damithan says: “The milestone demonstrates the disruptive technology concept works, and proves it can transform the way He continues: “New technologies will connect the digital and containers are handled in ports the world over.” physical world, enabling real-time data and optimising resources, and they will also create fresh, sustainable and The construction of the test facility with 792 container adaptable business models, enhancing connectivity, visibility slots was completed in July last year. The fully automated and opportunities across the logistics and maritime industry.” BoxBay system delivers more than three times the capacity of Through its actions and strategy over the past year, DP World a conventional yard and has the potential for reducing the has shown clearly that it is committed to being a major player footprint of container terminals by up to 70%. in this historic transformation. Container activity stabilisaton We are quite positive that the pent-up demand for cargo and easing of Encouragingly, the steady stabilisation of container activity at geopolitical and regional tensions will Jebel Ali has continued over the rst quarter of 2021, with support a pick-up... the port handling 3.5 million TEU, up 2.6% year-on-year. Bin Damithan points out, however, that: “We remain vigilant, but – Abdulla Bin Damithan, CEO and Managing Director optimistic as to the outlook for 2021. We are quite positive DP World – UAE Region & Jafza that the pent-up demand for cargo and easing of geopolitical and regional tensions will support a pick-up in world trade.” One of the DP World group’s strengths is the fact that the ecosystem at Jebel Ali port and free zone is designed to meet 2021/22 TMS UAE Yearbook 9
PORTS AND TERMINALS Ambitious strategy lifts results at Abu Dhabi Ports Continued investment in infrastructure, equipment, services and technology help power trade growth Container D uring 2020, Abu Dhabi Ports experienced handling capacity one of its best operational performances to at Khalifa Port is date, achieving signi cant double-digit year- being further on-year growth in container as well as expanded general cargo volumes. Captain Mohamed Juma Al Shamisi, Group Chief Executive Of cer, says: “Our strategic offering is keeping the ow of trade moving. We are maintaining our growth story by supporting key business segments and focusing on investing and upgrading our infrastructure right across our ports’ portfolio.” As the deep-water Khalifa Port’s expansion continues apace, the completion of works at the Abu Dhabi Terminals (ADT) facility this year will further boost container capacity at the port from 5 million to 7.5 million TEU, while the expansion of South Quay and Khalifa Port Logistics will increase general cargo capacity. South Quay is now operational and accepting general cargo, and bulk vessels across eight berths, supported ¯ 10 TMS UAE Yearbook 2021/22
PORTS AND TERMINALS Captain Mohamed Juma Al Shamisi, Group Chief Executive Officer, Abu Dhabi Ports 2021/22 TMS UAE Yearbook 11
Operational Since 2018 with 2.5 million TEUs handling capacity. Semi Automated Terminal with 1200 mts of Quay Wall. Backed with largest CFS facility in the MENA region.
PORTS AND TERMINALS by approximately 400,000 m2 of yard space. Khalifa Port commercial vessel ever registered in the UAE – Safeen is Safeen has Logistics (KPL) is, meanwhile, attracting new customers working closely with Emirates Steel to provide shipping and upgraded the thanks to its strong appeal to major industrial users. Saudi- related services for three shipments of iron ore per month. bulk carrier based Arabian Chemical Terminals (ACT) signed a 50-year Hafeen to provide lease last year, taking advantage of a plot next to the 16 m Investing in digital transformation bulk deep quayside at KPL for a commercial bulk liquid and gas transshipment storage tank farm. Similarly, Anchorage Investment has To support its cargo handling operations, Abu Dhabi Ports is services for entered into a 50-year lease agreement for the development of investing in digital transformation, largely through its Maqta Emirates Steel grain storage and processing plants, which will be managed Gateway subsidiary. Capt. Al Shamisi notes: “Our use of AI- by National Feed. powered operations is helping us to develop technology-based concepts, solutions and services for the Steps to improve the connectivity of Abu Dhabi Ports’ maritime industry including collaboration with a leading facilities continue to be taken. One of the recent additions to global commercial vessel designer and tugboat leader to Abu Dhabi Ports’ portfolio is a feeder service introduced to develop the world’s rst autonomous commercial marine supply key markets and unlock trade opportunities in the tugs. We are committed to not only accelerating the Middle East. sustainable development of Abu Dhabi’s maritime ecosystem via autonomous technology but also through deploying AI, Capt. Al Shamisi says: “The establishment of Safeen Feeders machine learning, digitalisation, and logistics and supply- has not only provided a measure of trade security for our chain authentication based on blockchain. Most importantly, emirate and the nation but also brought much-needed with our eyes on meeting IMO 2030 emission targets, we are connectivity to the current regional network. Through this creating and investing in R&D opportunities that focus on initiative, we can ensure our mainliner clients experience greater decarbonisation.” cost savings, while also enhancing the use of regional ports.” Abu Dhabi Ports is also focused on creating platforms that Safeen Feeders service expanded streamline the movement of cargo and increase Abu Dhabi’s potential to trade. Maqta Gateway, together with more than Initially connecting India through Khalifa Port and the rest of 40 partners, is spearheading the introduction of the Advanced the upper Gulf, the Safeen Feeders service has since been Trade and Logistics Platform and is also investing in expanded with the addition of a service that connects the Abu advanced Terminal Operating Systems (TOS). “The aim is to Dhabi hub with other UAE ports and ports in Oman. better manage the use of our assets, labour and equipment, as well as increase the movement of containers and overall ADT has also welcomed another deep-sea service to its ef ciency at our terminals,” Capt. Al Shamisi concludes. growing customer base. Jade, part of the MSC and 2M alliance network, offers direct links from the Mediterranean Our use of AI-powered operations is and the Red Sea into Abu Dhabi and from Abu Dhabi into Southeast Asia and North Asia. Additionally, the launch last helping us to develop technology-based year of new direct services through Khalifa Port’s CSP Abu Dhabi Terminal to Europe and the Indian subcontinent has concepts, solutions and services for the also opened new markets for port users. maritime industry... Outside the container segment, another signi cant development involves the commencement of bulk – Captain Mohamed Juma Al Shamisi, transshipment operations supporting Emirates Steel’s Group Chief Executive Officer, Abu Dhabi Ports operations in Abu Dhabi’s Musaffah port. Utilising a converted post-panamax bulker, Hafeet – the largest bulk 2021/22 TMS UAE Yearbook 13
CompactClean www.desmi.com E-mail: [email protected] BALLAST WATER MANAGEMENT SYSTEM The smallest footprint in industry Only system in the world with integrated stripping solution Filter and UV unit in seawater resistant Nickel-Alu-Bronze IMO type approval according to the new BWMS code from IMO US Coast Guard type approval Just 2 hours’ holding time on USCG TA certificate Down to UV-transmission of just 42% - Also in US territory! 100% Chemical Free Treatment HIGH-EFFICIENCY & RELIABLE MARINE SOLUTIONS DESMI OptiSaveTM ENERGY SAVING SYSTEM Reduced generator load Up to energy saving For both newbuildings & retrofits Optimizing pump & fan speed to current conditions & saving fuel Yearly savings on OptiSaveTM systems around the world Minimum changes in existing electrical installations Prolonged lifetime of pumps due to less wear & tear Centrifugal Pumps FOR MANY APPLICATIONS Fresh- and Seawater Cooling Ballast Water Fire-Fighting Scrubber Exhaust Gas Cleaning Etc
PORTS AND TERMINALS Cargo volumes jump at Sharjah Ports Higher levels of bulk cargo activity at Port Khalid and Hamriyah port have driven significant increases in throughput Pictured above: S harjah Ports Authority enjoyed a pretty Business has good year in 2020, delivering substantial increases in cargo volumes in multiple been booming at sectors. Overall, the port authority handled Hamriyah port 7,438 vessel calls, up from 7,351 in 2019, and achieved a total import and export dry cargo throughput of 3.25 million tonnes at the ports of Port Khalid, Hamriyah and Khorfakkan, compared with 2.54 million tonnes in 2019, a jump of almost 28%. Strong growth Yaqoub Abdulla, Director, Marketing, Promotions & Administration, Sharjah Ports Authority Bulk cargoes, especially, were up sharply at Hamriyah and Port Khalid, including strong growth for both foodstuffs and construction-related cargoes. The volume of wheat and maize shipments rose from 330,000 tonnes in 2019 to 408,000 tonnes last year, for example, while lentil shipments almost doubled from 96,500 tonnes in 2019 to over 171,000 tonnes in 2020. Liquid bulk traf c levels were also up compared with ¯ 2021/22 TMS UAE Yearbook 15
Integrated Energy Logistics Provider The Tristar Group is a fully integrated Logistics Solutions provider that offers a comprehensive list of services to cater to the needs of the petroleum, chemical and petrochemical industries, both in the region and globally. The company’s core expertise lies in its ability to safely handle and distribute all types of retail fuels, lubricants, chemicals, petrochemicals and liquid gases. Specialized Warehousing for Chemicals & Dangerous Goods Commercial Aviation Refueling The JAFZA South custom built warehouse has the capability to o er both ambient and Tristar is into Commercial Aviation Refueling operations in South Sudan and Liberia. It has temperature controlled storage for a wider range of petroleum products, including industrial a 25-year contract with CAA Uganda for the construction and operation of an Aviation Fuel solvents and soft chemicals. Total warehouse capacity is in excess of 15,000 pallet positions. The Farm and Hydrant Line facilities at Entebbe Airport which will commence operations this facility has an in-house fully automatic tank cleaning facility installed by Groninger (Europe). The year. Tristar’s Aviation facilities comply with international standards, specifications and tanks will be cleaned with soft water with chlorine content less than 50PPM alongside with a high guidelines set by IATA, JIG, AFQRJOS, as well as with IFQP requirements set by Airlines for pressure pump of 100 bar and a Boiler designed to produce steam at 1.2 TPH, which generates Aviation Fuel Quality Control and Operating Procedures. Tristar has been a member of IATA hot water of 80 Degrees Celsius. A fully automated e uent treatment plant will treat and recycle since 2008 and recently became a JIG member. It has a technical service agreement with all waste water from the cleaning station to be used for general cleaning and irrigation purposes. Hansaconsult. Polymer Bulk & Bagging Warehouse Fuel Farm The multi logistics polymers facility in JAFZA South is designed for receiving bulk PP/PE Tristar owns, operates and manages 69 fuel farms globally for handling a wide range of granules into silos and bagging of the granules by fully automated bagging operation into FFS petroleum products like Jet Fuel, Gasoline, Gasoil, Fuel Oil, etc. Tristar’s fuel farms and film bags and/or big bags. The packed material can be stored inside the warehouse in racking storage depots are constructed and maintained in the services of its clients. Our largest fuel with a capacity of 8,000 tons. It also has a drum filling station with capability to drum from ISO farm is in the Pacific island of Guam which has a capacity of 4.2M barrels. All the operations tanks and road tankers thus providing customers a solution to receive in bulk and store and comply with the local and international safety and environment standards, including OSHA distribute in packed conditions. and USEPA. Road Transport Shipping Tristar owns and operates over 2,000 vehicles ranging from road tankers, trailers The shipping business acquired Eships in early 2016 and now owns and operates more and delivery pickups in the Middle East, Asia and Africa. Operations are certified than 35 chemical, oil and gas tankers and bulk carriers trading globally, mostly with for Integrated Management System including the latest ISO 9001, ISO 14001, ISO Oil Majors. The vessels include the six Eco MR tankers (50,000 DWT) delivered in 2016 45001 and ISO 39001. Tristar is periodically assessed by the Gulf Petrochemicals and and the six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical tankers delivered Chemicals Association for SQAS (Safety and Quality Assessment System). between June 2020 and January 2021. Email: [email protected] Website: www.tristar-group.co
PORTS AND TERMINALS 2019. There have been some signi cant investments business at such a volatile time.” Sharjah’s Port expanding oil products storage facilities at Hamriyah Free Over the past year Sharjah Ports has limited its investment Khalid facility Zone in recent times, with further increases on the way, saw significant which is re ected in an increase in traf c at Hamriyah port, activity due to prevailing market uncertainties, but has increases in in particular. Overall Sharjah Ports’ oil products traf c rose nonetheless acquired a number of terminal tractor units to many lines of from 10.7 million tonnes to 11.8 million tonnes in 2020, an assist with ro-ro business, as well as a several general cargo business in increase of over 10%. cranes. The focus for 2020 is likely to be on general upkeep 2020 and maintenance of facilities. Established position Abdulla continues: “There are positive prospects for 2021 Sharjah Ports has an established position as a regional vehicle also. With Expo 2020 coming up in Dubai there is a great import and transhipment centre and ro-ro activity at the port deal of construction activity under way or planned and a lot was another area of positive growth in 2020. The port of those materials will come in through Sharjah. We are also authority handled 54,442 vehicles last year, up from 40,474 seeing an upturn in breakbulk cargo movements which may the year before. re ect customers switching from containers to conventional means of shipping as a result of the signi cant increases in Container traf c at Port Khalid remained busy, with the container freight rates.” Gulftainer-operated terminal handling mainly cargoes bound for the local market. Activity at the sister facility in We can look back on 2020 with a sense of Khorfakkan, by contrast, is reported to have been slower as a achievement at the level of resilience of result of shipping line rationalisation and changes to our business at such a volatile time. transhipment strategies. – Yaqoub Abdulla, Director, Marketing, Promotions & Yaqoub Abdulla, Director, Marketing, Promotions & Administration, says: “We can look back on 2020 with a Administration, Sharjah Ports Authority sense of achievement at the level of resilience of our 2021/22 TMS UAE Yearbook 17
PORTS AND TERMINALS Diversification moves bulk port specialist in the right direction By taking the opportunity to make changes during the pandemic, RAK Ports has emerged stronger F or RAK Ports, 2020 was Bulk carriers something of a roller-coaster being ride. Initially the pandemic handled at caused a signi cant drop in Saqr Port’s cargo volumes, reaching a busy South Quay facility nadir in June when the 2 million tonnes recorded was around 50% of the normal level. However, Roger Clasquin, RAK Ports CEO says: “We have had a V-shaped recovery and came back a lot stronger towards the end of 2020. Our nancial results for last year were in opening up and one of our big customers, services are now available and, in close Stevin Rock, is having great success in cooperation with the Government Control fact better than we achieved in 2019, which diversifying its markets.” Agencies, procedures have been streamlined. was itself a good year for us.” He adds: “Our target this year is a Deeper draught vessels throughput of 55-60 million tonnes and we are RAK Ports, he explains, took the certainly heading in the right direction.” The use of Dynamic Under Keel Clearance technology, and Royal Haskoning’s Smart opportunity of the crisis to recalibrate and Despite the challenges, RAK Ports has Mooring software, has further enabled Saqr continued to invest to meet customer Port to load deeper draught vessels. In March reset its operations, reducing staff, and requirements, for example rolling out a new 2021, a new record was set when a Capesize Port Community System and a new Terminal bulk carrier was loaded with 163,000 tonnes streamlining the business across the board, as Operating System. The port has also recently in less than 90 hours, recording the deepest purchased three new mobile harbour cranes draught of 17.63 m ever to depart the port. well as focusing on diversifying cargo mix and and plans to order two more for delivery in 2022. Other initiatives include opening Al Jeer RAK Ports may also in time bene t from income streams. Clasquin adds: “We port as a lay-up facility for Boskalis dredgers moves to strengthen rail movements between and stepping up marketing efforts to attract Ras Al Khaimah and other Gulf markets. implemented various organisational changes, more project cargo. Earlier this year Etihad Rail and Stevin Rock signed an agreement to transport raw materials and made sure we have the right skill sets for Following customer feedback and requests, from Ras Al Khaimah to Abu Dhabi. An RAK Ports has also taken the opportunity to estimated 3.5 million tonnes will be carried the future. As a result, we have laid more solid consolidate its Operating Licence Procedures, annually from Stevin Rock’s Al Ghail quarry creating a single licence that covers all the by rail, with signi cant environmental bene ts foundations for the years to come.” ports, reducing licensing fees and providing as a result of a reduction of around 100,000 new opportunities across the group for its truck trips per year. With the extension of Total throughput shipping agencies and suppliers. Etihad Rail services into Ras Al Khaimah, the possibility of connecting Saqr Port by rail is Overall, in 2020 RAK Ports handled around In line with the above, RAK Ports has also now being evaluated. 46 million tonnes, approximately 7 million taken the necessary steps to make its tonnes less than the year before, the majority anchorages more attractive. A wide range of of throughput being dry bulk cargo exports. Some traditional markets, such as Kuwait, Our target this year is a throughput of 55-60 million suffered a sharp decline, whereas others, tonnes and we are certainly heading in the right direction. including clinker shipments for Bangladesh, picked up strongly. The Indian export market – Roger Clasquin, CEO, RAK Ports also performed relatively well. The momentum seen in the latter part of last year has been sustained into 2021 with the rst quarter being described by Clasquin as “the best ever in our history”. Moreover, RAK Ports handled 5.2 million tonnes in April 2021, making this the busiest single month yet recorded. Clasquin says: “We have started the year well and are seeing some very positive trends. New markets in Africa are, for example, 2021/22 TMS UAE Yearbook 19
PORTS & TERMINALS CSP Abu Dhabi terminal enjoys rapid growth Innovation powers throughput growth C SP Abu Dhabi Terminal enjoyed a spectacularly successful 2020, handling a total container throughput of 665,500 TEU, over 72% more than in 2019. The majority of containers, about 60%, were direct import and export traf c ows, while 40% were transhipment. Important milestones reached included the terminal’s 1 millionth TEU, which was handled in December 2020, as well as 2 million man hours without a lost time incident. The terminal, the rst green eld facility within the COSCO Shipping Ports (CSP) group network, is currently served by ve main deep sea liner services, connecting Khalifa Port with ports in the Middle East, Southeast Asia and Europe, and around 11 regular feeders. The most Innovation is a key focus for the terminal, which currently operates on a semi-automated basis, but which has been recently added was the Europe Pakistan India Consortium designed to be fully automated if demand arises. As part of a range of ongoing investments at its Khalifa Port facility, CSP (EPIC 2) service which has been calling on a regular basis is currently developing a container freight station (CFS) which, at 270,000 m2, will be the largest facility of its type in since August last year. the Middle East region. The rst phase of the CFS, which offers both refrigerated and general cargo storage, is ready Established in 2018, CSP Abu Dhabi Terminal has a and is expected to be operational in the near future. design capacity of 2.5 million TEU and operates along Growth potential 1,200 m of quay, served by 11 quayside gantries and 32 While 2020 was a dif cult year due to Covid-19, CSP Abu Dhabi Terminal believes it is well positioned to enjoy even landside stacking cranes. The water depth of the terminal is more success in 2021. 16.5 m, allowing it to accommodate large container vessels Naser Al Busaeedi, Deputy CEO, says: “The market is still challenging, despite the signs of the impact of the of 20,000 TEU and above. pandemic easing lately. But considering the result we achieved last year, and our close links with the major shipping alliances, we look forward to capturing growth potential and taking advantage of the synergies offered by our global terminal network.” ... We look forward to capturing growth potential and taking advantage of the synergies offered by our global terminal network. – Naser Al Busaeedi, Deputy CEO, CSP Abu Dhabi Terminal 20 TMS UAE Yearbook 2021/22
PORTS & TERMINALS Container volumes handled by CSP Abu Dhabi increased spectacularly in 2020 nmentally friendlyenviro b ts ENERGY SAVER ecker produc Picture © The easily installed Becker Mewis Duct®, for vessels with a high block coefficient, reduces SOX, NOX and CO2 emissions. The device is placed in front of the propeller, has no moving parts, reduces noise, and saves energy by 6% on average. Right: 138,000 cbm LNG Carrier Shahamah Owner: ADNOC Becker Mewis Duct® (retrofitted) Manoeuvring Energy-Saving Alternative www.becker-marine-systems.com Systems Devices Energies 21 2021/22 TMS UAE Yearbook
SHIPPING AND SHIPBROKERS ADNOC L&S accelerates fleet development plan The Abu Dhabi-based carrier is developing one of the most modern crude oil transportation fleets in the world, with advanced technology to reduce environmental impact Pictured above: O ver the past year ADNOC Logistics & ADNOC L&S is Services (ADNOC L&S), the shipping and developing a maritime logistics arm of Abu Dhabi modern VLCC National Oil Company (ADNOC), has fleet to support really stepped up its strategic eet its trading activities expansion programme. Recently it has announced the acquisition of eight VLCCs, four of which have either already been deployed within the company’s eet or will be before the end of 2021. ADNOC L&S has placed an order with South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for four newbuild VLCCs, with options for more, which will be delivered in 2022 and 2023. These VLCCs are the rst crude oil carriers to join the company’s operations and will consolidate its position as the owner and operator of the largest shipping eet in the UAE. All of the newbuildings will be dual-fuel speci cation and able to run on LNG. Competitive prices Captain Abdulkareem Al Masabi, Chief Executive Officer, ADNOC L&S The company points out that given recent market conditions, it has been able to purchase both the existing and new VLCC vessels at competitive prices. Captain Abdulkareem Al Masabi, the company’s CEO, says: “Owning these vessels will deliver cost ef ciencies for our business, as opposed to chartering vessels, while they will also enable us to provide a more reliable service to customers.” Built to ADNOC’s speci cations, the newbuild vessels will be equipped with a range of advanced smart ship technology in addition to the dual fuel engines. While they will be built in South Korea, ADNOC L&S has secured high levels of In- Country Value (ICV) for this contract by ensuring that ¯ 2021/22 TMS UAE Yearbook 23
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SHIPPING AND SHIPBROKERS project management and design work for the vessels is global customers. Al Masabi says: “The addition of these More bulk undertaken in the UAE. In addition, a team of UAE nationals modern bulk carriers to our eet is a key milestone in the carriers are being from ADNOC L&S will work closely with the design and delivery of our growth plans. The vessels will increase our added as part of project management staff at DSME to enhance their regional presence and will enable us to explore more cargo the ongoing knowledge and experience in the design, construction and options outside the UAE market.” The new Ultramax bulk investment future maintenance of VLCC vessels. carriers feature economically ef cient engines and smart programme speed management technology, allowing the vessels to operate The establishment of the enhanced VLCC eet comes as at very low engine speeds resulting in a marked decrease in the ADNOC parent group progresses plans to increase its oil fuel consumption and lower emissions. production capacity. The company currently has a capacity of over 4 million barrels of oil per day (mbopd), which it intends The Ghantout, a smaller 23,000 dwt bulk carrier, has also to grow to 5 mbopd by 2030. joined the ADNOC L&S eet. This vessel will be used to transport calcined petcoke from ADNOC’s Ruwais terminal Product tanker acquisitions to Jebel Ali and Khalifa Port in the UAE, supporting a long- term supply contract between ADNOC and Emirates Global This year ADNOC L&S has also acquired six LR2 type Aluminium (EGA), which was signed in 2019. product tankers, three of which are existing vessels built in 2020. The acquisition takes the total number of LR2s in The eet investment by ADNOC L&S is closely linked with ADNOC L&S’s eet from two to eight, and increases the ADNOC’s expansion of its trading operations. Two new total number of product tankers operated by the company to ventures have been established over the past year. ADNOC 15. Al Masabi adds: “We have customers lined up to utilise Trading, which is focused on crude oil derivatives trading, was this additional LR2 capacity, ensuring an optimal return on set up in September 2020 while ADNOC Global Trading the capital deployed and reducing long-term operating costs. (AGT), a joint venture with ENI and OMV that will focus on Going forward, we will continue to focus on growing a the trading of re ned products, commenced in December. Al modern and young eet with minimal environmental impact Masabi says: “Driven by increased demand from our trading and advanced technology. af liates, we have continued growing our eet this year. We plan to continue this eet expansion throughout the rest of 2021, ADNOC L&S has also taken steps to expand its eet of including our offshore and oil spill response vessel eet.” gas carriers through an order for ve newbuild and one second-hand vessel for AW Shipping, its joint venture with Going forward, we will continue to focus Wanhua Chemical Group, all of which will similarly operate on growing a modern and young fleet with on a dual-fuel basis. minimal environmental impact and advanced technology. The company has furthermore purchased four bulk carriers, including three Ultramax vessels and one Handysize – Captain Abdulkareem Al Masabi, Chief Executive Officer, ADNOC L&S bulker. The 64,000 dwt Al Karama, Al Dhafra and Al Wathba, which were built in 2019 in Japan, are being deployed on key ADNOC L&S trading routes, including the transport of sulphur from facilities in Ruwais, Abu Dhabi, to 2021/22 TMS UAE Yearbook 25
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SHIPPING AND SHIPBROKERS The chemical tanker Solar Nesrin, delivered to Eships last year Fixed focus maintains stability at Tristar Maritime’s Eships division Eships’ balanced portfolio of assets has been carefully impact with increased costs for crew changes. managed to protect the company from extreme However, I would say that the operational challenges have been the most dif cult.” downward market movements Crew contact Eships established its own Safety at Sea P art of the Tristar group, arising in that sector, with ten year highs conference prior to the pandemic and this has Eships has signi cantly coming in 2021. We are always monitoring the triggered the establishment of a helpline and strengthened its eet since the markets, ensuring that we protect the company greater communication with the vessels. Peters beginning of 2020 with the from downsides, whilst keeping opportunities says: “Many countries did not allow seafarers delivery of six 25,000 dwt alive for upside movements.” to change crew during the pandemic, which led chemical tanker newbuildings Having invested heavily in new tonnage, to many staying onboard well beyond what from Hyundai Mipo shipyard in South Korea. Eships does not have any further newbuildings they should have. Solar Ailene, Sheridan, Sharma, Nesrin, on order at this time. However, Peters adds: “Although not changing the situation, Suzanne and Shyler are now all on long-term “We are always evaluating the market for either myself or David Peirera, our Chief time charter with Shell. opportunities and so further newbuild projects Operating Of cer, along with the vessel could be of interest if the right ones superintendents, have regularly video-called Chris Peters, Eships CEO, says: “The materialise. Equally, if the right time to sell each and every vessel and spoken to the crew newbuildings have added to our eet, which now stands at 36 vessels, and provided us with existing vessels arises, that is also something advising them that they were not forgotten and an even closer relationship with one of our we will consider.” we were trying all we could.” core customers, Shell. Both Eships and Tristar A notable initiative by Eships in 2020 was The situation is not getting any easier either. have a long history of dealing with oil majors the establishment of Tristar Agency in Fujairah, Peters continues: “We have several vessels due and this is core to our business model.” initially to support the group’s own vessels for drydock and again the pandemic has Time charters with a range of services. However, this has increased the complexity of completing these gradually grown and now includes a number on time and safely for shipyard workers and The majority of the Eships eet is xed on time of third-party owners. crew. Like many other companies we will charters. However, the company does trade At the top of the company’s agenda at the continue to push for seafarers to be assigned part of its eet on the spot market, including its moment is the plight of its seafarers. Peters key worker status so they can get vaccination three dry bulk vessels and a small number of adds: “The pandemic has clearly had a nancial as a priority.” tankers. Peters says: “Our business model, with a focus on xed long-term charters, creates a We are always evaluating the market for good stable base and this has largely protected opportunities and so further newbuild projects could us from market volatility over the past year. be of interest if the right ones materialise. Having the bulk carriers available for spot contracts has, at the same time, enabled us to – Chris Peters, CEO, Eships capitalise on the positive opportunities that are 2021/22 TMS UAE Yearbook 27
SHIPPING AND SHIPBROKERS Tomini Shipping invests heavily in bulker fleet The company’s already young bulk carrier fleet has been further modernised by the addition of a number of new vessels S ince the beginning of Kamsarmax newbuildings on order in China, the 81,000 2020, Tomini Shipping dwt Tomini Nobility. A Kamsarmax sistership, the has invested heavily in Tomini Royalty, is scheduled to be delivered in July the upgrade of its eet of 2021, ending this phase of the company’s eet bulk carriers through both development programme. newbuilding activity and Numair Shaikh, Head of Shipping, says: “We are very pleased with the performance of our new ships. Despite strategic second-hand acquisitions. the circumstances, all have been delivered on Early last year, the time so far and the process of integrating them into our operations company received three has gone very well.” Ultramax newbuildings Current fleet – the 63,000 dwt Tomini Tomini currently operates a eet of 13 vessels, all of which are Entity, Tomini Felicity bulk carriers, with a roughly 70% focus on Atlantic and Tomini Tenacity – trade lanes and 30% deployment in the Paci c from a Chinese region. There are no immediate plans to make shipyard. Then in July a further investments but the company is not ruling it ten-year-old, Chinese- out. As Shaikh points out: “We are built 60,000 dwt TMS UAE Yearbook 2021/22 Supramax, Tomini Majesty, was incorporated into the eet, followed in September by a high quality Numair Shaikh, second-hand Ultramax, the Head of Shipping at 2016-built Tomini Integrity, as Tomini well as the rst of two 28
SHIPPING AND SHIPBROKERS always looking at the S&P market to see if good and take the pressure off those onboard. But it is a dif cult Tomini Nobility, opportunities exist. When the time is right, we will re-enter task and the industry needs to keep up the pressure on the first of two the market and further strengthen the eet.” those in authority to resolve the problem.” Kamsarmax newbuildings For Tomini, Covid-19 created a challenging set of Initial signatory ordered by circumstances, particularly around crewing. However, Tomini in China Shaikh says: “Towards the end of 2020 the market picked Tomini is proud that it was one of the initial signatories of up and we were able to take advantage of freight rate the Neptune Declaration on Seafarer Wellbeing and Crew increases and achieve good levels of utilisation across our Change, along with 300 other shipping companies. This urges the world to recognise seafarers as key workers and eet. Asset prices are also rising so our second-hand give them priority access to vaccines; establish and purchases have been very well timed.” implement ‘gold standard’ health protocols based on best practice; increase collaboration between ship operators and While the operational hub of Tomini’s shipping business charterers to facilitate crew changes; and ensure air remains in the UAE, the company has in recent years connectivity between key maritime hubs for seafarers. established a strong presence in India, which it is developing as a crewing management centre. Shaikh says: Towards the end of 2020 the market “Our new of ce in Mumbai is coming on nicely. We have a good team in place there, setting up a fully functioning picked up and we were able to take crewing of ce covering recruitment and training. We are now doing most of our crewing in house as this gives us advantage of freight rate increases and better control and ensures we have a pool of quali ed seafarers available to be deployed.” achieve good levels of utilisation across The crew change challenges presented by the pandemic our fleet. – Numair Shaikh, Head of Shipping, Tomini are at the top of Tomini’s agenda and the Indian of ce has a key role to play in addressing this situation. Shaikh says: “We are using every opportunity we can to change crews 2021/22 TMS UAE Yearbook 29
SHIPPING AND SHIPBROKERS Hapag-Lloyd is offering Trade Management, Middle East. improved connections The IO3 and the IOS offer weekly sailings Service changes are expected to further strengthen the and are operated in partnership with CMA carrier’s position in the UAE and other Middle East markets CGM, COSCO Shipping and ONE. The services, provided by eight 8,500 TEU vessels of which S ince the beginning of 2021 Hapag-Lloyd is providing seven, connect Hapag-Lloyd has been offering Southampton, Bremerhaven, Rotterdam, even better connections Antwerp, Le Havre and Algeciras with Jeddah, eastbound between the Middle Jebel Ali, Abu Dhabi, Port Qasim, Nhava Sheva East and Europe. A direct and Mundra through IO3, with IOS operating between Rotterdam, Hamburg, London service between North Europe Gateway, Antwerp and Tangier and Jeddah, Jebel Ali, Karachi, Nhava Sheva, Hazira and Mundra. and the Middle East is being provided through Additonal vessels the new Indian Ocean Service 3 (IO3), while Capacity on GEM has been boosted with the Hapag-Lloyd has recon gured three of its liner addition of another 9,000 TEU vessel. This improved reliability service now connects ports services in this trade, including the Indian in Greece and Turkey with Damietta, Jeddah, Jebel Ali, Hamad, Dammam and Jubail. Ocean Service (IOS), the Gulf East Furthermore, Piraeus has been added to the IMX port rotation. Mediterranean Service (GEM) and the Indian Hapag-Lloyd continues to invest in Subcontinent Mediterranean Express (IMX). equipment and vessels to meet customer demand. The company is expected to receive “These new services will enable us to offer 210,000 new standard and reefer containers by the end of 2021, and has also ordered six dual our customers a more extensive range of fuel 23,500 TEU vessels from Daewoo in South Korea. These are scheduled to be delivered in connections to the main ports in this trade as 2023 at a cost of around US$1 billion. well as shorter transit times from North Europe and the Mediterranean to and from the Middle East and the Indian subcontinent,” To meet equipment shortages, Hapag-Lloyd has 210,000 new containers on order commented Marc-Simon Vick, Senior Director, ARE YOU SECURED? Cyber Attacks - Maritime Industry There has been a rise in technological dependency driving today’s maritime industry which has led to a spike in cyber- attacks. Recent study shows there is a 400% increase in cyberattack attempts made in the maritime industry and a whopping 900% on the operating technology. Why Constellation With 20+ years of experience in Marine and Information Technology, we have the niche to identify and facilitate to compile & comply with the InfoSec requirements. We have a strong cyber team of Lead Auditor for ISO27001, Certified Information Security Manager, Master Mariner and Naval Architects to help you navigate through your cyber requirements. Our Offering An end to end Cyber security solution covering onshore and offshore assets of the client, thereby making them compliant towards IMO (428) requirements. Our training module is Class NK certified. The product is capable of collaborating the 3 pillars of Cybersecurity – people, processes and technology. Importantly, our Cybersecurity offering is highly cost effective. +9712 6713320 / +9715 01390779 [email protected] www.thecyberconsultancy.com 30 TMS UAE Yearbook 2021/22
SHIPPING AND SHIPBROKERS AI-learning gives Central Ship Management a competitive edge The Dubai-headquartered company is blazing a trail with new technology S hip management is a highly competitive business. But Dubai-headquartered Central Ship Management (CSM) believes its use of an innovative cloud-based learning platform called Knowingo, which uses arti cial intelligence (AI) and gaming technologies, is a crucial factor in setting it apart from its rivals. Chief Executive Lazaros Sarris, who founded CSM in 2014, says: “We are the only ship manager using this application giving us a competitive advantage. We have rolled it out across our eet and it now covers all vessels and seafarers. We have noticed that it has generated great enthusiasm both on board and ashore about this kind of training. “We are seeing signi cant bene ts in terms of the quality of our management services and we plan to build on this further over the coming year.” Lazaros Sarris, front left, with Captain Prabir Ghosh, and behind, Anna Sarris-Bonache and Lazaro Sarris-Bonache CSM is using Knowingo to focus, in particular, on improving training in high risk operations onboard ship, such as enclosed Our close ties with Greece complement our systems and internal audits on Greek-owned established hubs in the UAE and Singapore vessels, as well as technical inspections for space entry and mooring operations, as well and that has brought us closer to the vessels in Singapore and Fujairah. Mediterranean shipowning community.” as cyber security awareness. The past year has also seen CSM These closer ties have been re ected in strengthen its management team in Dubai. Positive experience growing demand from Greek owners for Captain Prabir Ghosh was promoted to the CSM to assist with the drydocking of their role of General Manager, bringing more than Sarris says: “We have had a very positive vessels in Dubai, overcoming travel 30 years’ experience in shipping. experience with Knowingo, as it gives us restrictions that have prevented their own clarity as to how seafarers’ training is staff from attending. In addition, Anna Sarris-Bonache and progressing and allows us to continually top Lazaro Sarris-Bonache have joined as up that knowledge to enhance the safety of Projects have included installations of Creative Director and Business Development our vessels. different types of ballast water treatment Director, respectively. “The learning journey based around AI During 2020 we were able to expand our customer increases seafarers’ awareness of the base, although Glencore remains our key partner. problems they need to concentrate on and Our close ties with Greece complement our allows us to adopt a whole ship approach to established hubs in the UAE and Singapore... the continuous education of the crew.” – Lazaros Sarris, Chief Executive, Central Ship Management Over the past few years, CSM has steadily increased its managed eet in the bulk carrier and tanker sectors. Sarris adds: “During 2020 we were able to expand our customer base, although Glencore remains our key partner. 2021/22 TMS UAE Yearbook 31
SHIPPING AND SHIPBROKERS Over the past eight years we have created a well respected name, with particular strengths in tanker chartering and sale and purchase activity. ‘– Kyriakos Lyginos, Antares Shipbrokers affected unduly by the pandemic and we have been able to continue interacting with our clients and xing ships. “We have also carried on much as normal in the S&P sector, buying assets including Suezmax ships for some fairly large players who chose to use our services because of our professionalism.” Kyriakos Tanker chartering Lyginos and Clement Rey, The primary focus of Antares’ shipbroking co-founders business is the tanker chartering sector. Lyginos explains: “We have a very distinct of Antares approach and encourage our team to go onboard clients’ ships whenever they can, so Boutique style they have a clear understanding of why that pays off for Antares customer requires certain technical speci cations. Tanker chartering with a distinct approach sets company apart “Having technical knowledge of the ships gives us an advantage over other brokers W hen Kyriakos Lyginos Lyginos says: “Over the past eight years whose staff remain largely desk based.” met Clement Rey while we have created a well respected name, with working at a particular strengths in tanker chartering and Antares is now planning to build on its shipbroker in Paris, the sale and purchase activity. We started with success to date and steadily diversify into two experienced just the two of us, but now have a team of other market segments, including the dry ten employees, each of whom plays a vital bulk market. industry professionals role in our continued success.” “It is important that we have a balanced quickly realised they shared the same vision. The past year has been Antares’ most business and are not over reliant on one successful yet, despite that fact that for the sector,” says Lyginos. “But we will expand Subsequently in 2013 they formed a new majority of the time all employees have been and diversify steadily and sustainably.” working from home. boutique shipbroking venture in Dubai, Generally Lyginos and Rey say they are Rey adds: “Shipbroking has not been optimistic about prospects for 2021, with Antares Shipbrokers, which is now well tanker conditions expected to improve later in the year. Rey concludes: “Antares is here to established in the market, with a strong stay for the long term and we have a young and dynamic team that aims to be one step client base. ahead of our customers needs. We welcome anyone to reach out to us so we can show 2021/22 TMS UAE Yearbook them what we can do.”33 ‘ We have also carried on much as normal in the S&P sector, buying assets including Suezmax ships for some fairly large players... – Clement Rey, Antares Shipbrokers
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SHIPPING AND SHIPBROKERS Resilient bulk shipping ISL saw particularly high levels of demand markets give ISL a boost in the Indian coastal trades, where it has a number of signi cant long-term contracts. The Significant overall cargo company also secured around 40% of the volume growth underpins Indian coal import market, while remaining strong performance active in the India-China trades. Limestone and gypsum moving from the Middle East represented another important area of business for ISL, which also managed to diversify into the Atlantic trade lanes over the course of the year as well. I nternational Shipping and Logistics Market prospects (ISL), the Dubai-based division of the TM International Logistics group, Looking ahead, ISL remains upbeat about enjoyed a very positive 2020, taking full advantage of favourable trends in market prospects in 2021. “There are a number of positive market trends and having Qatar come back into the picture is a positive its key markets. Turnover improved for us,” says Captain Patnaik. by around 20% compared with the 2019 “It was a good market for ISL before the nancial year, while the volume of cargo trade embargo and we expect that trend will transported jumped by close to 25%. resume now that sanctions have been lifted by Captain S.R. Patnaik, CEO, says: “The chartering suitable tonnage to meet clients’ other GCC countries. For the time being we trades in which we are most active held up needs. Last year the number of charters xed will rely on chartered tonnage to meet well and the reduced amount of tonnage on by the company was around 30% higher than demand, but we also hope to buy some more the market put pressure on the supply side. As in 2019, re ecting the resilience of core bulk vessels, probably Panamax bulk carriers, when a result we were able to meet all of our shipping markets. the time is right.” nancial targets in 2020 and enjoyed a generally good year despite the dif cult circumstances.” Preferring an ‘asset lite’ strategy, ISL owns just one vessel, the 74,000 dwt ISL Star, and is Trans Coral Ship‘ping celebrates first decadeprimarily active in bulk cargo markets through There are a number of positive market trends and having Qatar come back into the picture is a positive for us – Captain S.R. Patnaik, CEO, International Shipping and Logistics Company now plans to push ahead with expansion plans Southern India. “We see good opportunities in that part of the world and need to have a Hitting an important milestone, Trans Coral Qatar, and the build up to the 2022 World Cup, presence close to key regional customers,” Shipping has been trading for ten years now, is likely to have a positive impact on the project adds Mahesh. having first established itself as a specialist shipping sector, with Trans Coral set to benefit. Trans Coral focuses mainly on the trade lanes shipbroker, concentrating largely on project, Mahesh says: “There is no doubt that the Qatar between the UAE, Middle East, Subcontinent, heavy lift and dry bulk operations, in Sharjah project and bulk cargo markets will boom China and Europe. “Chartering heavy lift and back in 2011. Since then it has expanded again. We are already handling multipurpose vessels for these trades is our steadily, opening offices in Dubai and Mumbai, road movements and expect to strength thanks to the great relationships we and diversifying into vessel operating as well. see ocean transportation have built up with Chinese and European Last year was challenging for the company, between UAE and Qatar pick carriers, in particular, over the past decade,” says Mahesh Singh, Managing Director, but he up steadily over the course Mahesh concludes. points out that it ended on a high. He adds: “It of 2021.” Mahesh has recently achieved an was nice and smooth until April but then the Expansion plans important personal milestone, being listed lockdowns came and it was a difficult time for in the prestigious Antwerp XL 40 Under 40 several months. Since September the market The company hopes this year list, which showcases the rising stars of recovered strongly and we are now seeing high to press on with some of the the breakbulk and heavy lift industry. The levels of demand for project shipments in expansion plans that it campaign recognises those Kuwait and Qatar, in particular. The outlook for was obliged to put with the greatest the rest of 2021 is very promising, with on hold because potential to become Petrofac, for example, planning a number of of Covid, Mahesh Singh, industry leaders in the EPC contracts in the region, which we very including Managing Director of future as well as those much hope to be part of.” opening a new Trans Coral Shipping who have achieved office in greatness already. The ending of GCC trade restrictions with 2021/22 TMS UAE Yearbook 35
SHIPPING AND SHIPBROKERS IFCHOR targets Middle East growth opportunities Expansion of the Dubai office highlights the importance attributed by senior management to the region L eading independent shipbroker IFCHOR has built up deep and wide industry experience of international freight markets since its formation over 40 years ago. Its Dubai of ce, opened in 2018, is a relatively new addition to the network and is already making a big impact on the overall business. Corrado Pittaluga, Division Manager, says: “We are working closely with other of ces in order to leverage fully on the company’s global footprint. We provide dedicated ship broking services to our regional clients in the Middle East, India and sub-Saharan Africa, mostly for drybulk chartering and sale & purchase activity, and also covering research and intelligence, ship nance and marine technology via various dedicated desks.” IFCHOR’s Dubai team offers a full range of ‘ If anything the pandemic has made us more dynamic as a group in reaching out to our clients and fulfilling services for the execution of voyage and time their needs. The results speak for themselves charters and contracts of affreightment (COA). – Corrado Pittaluga, Division Manager, IFCHOR This all comes with the backing of a dedicated global post xture team for round-the-clock assistance. Carbon emissions service Pittaluga himself moved from Singapore in and forward thinking and they acknowledge September 2020 to help support and build up the importance of the Middle East and India as Recently IFCHOR has started a new carbon a growing team which is currently just short of a strong growth region, especially for smaller emissions service for shipping industry players 10 people. IFCHOR Middle East also moved size vessels trading in dry markets.” which is available out of Dubai as well as of ces in December last year to have a little globally. The company has teamed up with a carbon market specialist, ClearBlue Markets, more space in anticipation of further Growing volumes to help shipping clients reduce their carbon footprint and navigate the complexities of the expansion of its Dubai-based team. While the pandemic has created dif cult carbon markets. “We are furthermore constantly investing in new technologies and Complementing the Dubai out t, IFCHOR operating conditions for all shipbrokers, it has digitalisation to ensure the very best provision of services to our clients globally, enhancing registered an Indian branch in Mumbai in early clearly not stopped IFCHOR from growing its traditional voice broking,” Pittaluga adds. 2020 and a small team, under the direct business and services further. Global volumes The IFCHOR Middle East of ce in Dubai has been through some structural changes in management of Dubai-based senior broker in fact improved overall, with the level of the past year as the company has been actively gearing up to ensure its regional Captain Anand Kumar Pandey, is now in place business concluded by its dry cargo desks operations meet growing volumes and evolving client demands. there. Pittaluga says: “Even if the actual rising by more than 25% compared with opening of a physical branch of ce has been 2019. put on hold due to the pandemic, thanks to Pittaluga concludes: “If anything the Captain Anand’s deep knowledge of the local pandemic has made us more dynamic as a market, we are planning to service more Indian group in reaching out to our clients and customers both on the dry and wet sector in the ful lling their needs. The results speak for region. Our top management is young, dynamic themselves.” 2021/22 TMS UAE Yearbook 37
SHIPPING AND SHIPBROKERS Captain Amarjit regulatory requirements.” Kauchhur, IRI In particular, IRI’s Dubai team saw a Vice President, signi cant increase in technical and marine Middle East safety requests over the course of 2020. Captain Kauchhur says: “Unable to board vessels as we did before, the RMI Maritime Administrator implemented remote inspection and audit protocols as well as video calls to provide technical assistance. That exibility has proven to be bene cial to our UAE owners and operators as their needs for technical and marine safety support have increased this year.” The RMI’s reputation for exibility and adaptability was a key reason that the Dubai of ce saw a signi cant increase in ship registrations last year, says Captain Kauchhur. He adds: “The RMI remains a ag of choice for UAE and Middle Eastern owners who choose a foreign ag. “UAE owners and operators recognise our commitment to high quality standards, the technical support we provide our clients at no additional charge and our close working relationships with maritime authorities. Since our Dubai of ce opened in 2009, it has increased market share every year.” PSC record During 2020, IRI reports that several UAE- based owners took advantage of the RMI Registry’s impressive Ports State Control (PSC) record to apply for US Coast Guard QUALSHIP 21 status for their vessels. RMI gains ground with “The RMI’s unprecedented 16 consecutive years on the QUALSHIP 21 roster recognises its long-term commitment to safe vessel operations and the high quality of its eet,” Middle East owners adds Captain Kauchhur. “With new operators and ship managers from the Middle East introduced during 2020, the future looks bright for the registry’s regional operations.” Increased regional business has proved to be a key Clarksons Research’s World Fleet Register has recently con rmed that the RMI eet is the influence in Marshall Islands’ overall global growth world’s youngest and greenest, with an average age of 9.4 years. The RMI Registry continues to consolidate D ubai remains a vitally throughout the region and collaborates with its position as a leading global ag state, with important regional hub for local administrations, including the Federal more than 4,800 vessels totalling International Registries, Inc. Transport Authority (Maritime) in the UAE. 180.13 million gross tons on the register at the (IRI), and its af liates, which end of February 2021. Increased business from provide administrative and This has been critical in helping to the Middle East, driven by its Dubai of ce, has facilitate physical and remote inspections technical support to the during the pandemic, to ensure safe vessel contributed signi cantly to the upward trend Republic of the Marshall Islands (RMI) operations and compliance with vessel seen in recent years. maritime and corporate registries. That role has really shown its value over the past year in meeting the challenges that shipowners have The RMI remains a flag of choice for UAE and Middle faced. Eastern owners who choose a foreign flag. Captain Amarjit Kauchhur, IRI Vice – Captain Amarjit Kauchhur, Vice President, Middle East, International Registries, Inc. President, Middle East, says: “Our Dubai team maintains close working relationships 2021/22 TMS UAE Yearbook 39
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CLASSIFICATION digital tool that has proved popular amongst clients, enabling remote machinery surveys and the sharing of key data between shipowners and DNV. Ian Edwards, Area Manager, Middle East and Africa, says: “With MMC, we can look at data trends across a eet of vessels of the client and survey machinery items without physical presence on board. “We are moving towards a digital class where we are assessing data more than basing decisions purely on visual inspection, and this is a concept that is being enthusiastically embraced by owners in the region.” While the newbuilding activities for owners in the Middle East have been quiet lately, we have been particularly busy in the UAE with eet-in-service work. Pawan says: “The UAE has managed the pandemic well, and business has carried on without serious disruption. The result has been high levels of port calls and dry-docking activity in the UAE, which we have helped to support.” Digital transformation DNV is also playing a proactive role in the Pawan Sahni, Business Ian Edwards, Area development of Abu Dhabi’s maritime cluster, Development Director, Middle Manager, Middle East signing a memorandum of understanding with East and Africa, DNV and Africa, DNV Abu Dhabi Ports last year. Under the terms of the agreement, both companies agree to work Development of digital together in advancing the digital transformation and further economic development of Abu Dhabi’s maritime sector, through the deployment of autonomous tools pays off for DNV technology, AI, machine learning and electri cation, as well as logistics and supply- chain authentication based on blockchain. “The agreement will also cover areas such Embracing advanced technology has proved its value as decarbonisation and the development of over the course of the pandemic alternative fuels for the marine sector,” adds Edwards. While the UAE is the central hub for the D NV has invested heavily in DNV’s digital systems have generated a classi cation society’s regional activities, the digital tools over the past wide range of bene ts for maritime clients, company is dedicating more resources to the few years, and this strategy Pawan believes. He says: “Customers have development of its operations in the wider has paid off with a high been able to see the difference between DNV Middle East. uptake in the UAE and and other classi cation societies because of the It is currently expanding its presence in wider Middle East region quality of our digital services. During the Saudi Arabia, particularly in Jeddah and Al over the course of 2020. pandemic, we have stood out from the rest due Khobar, and is recruiting increased numbers As Pawan Sahni, Business Development to our digital tools and the ease with which of Saudi nationals. DNV also plans to open a Director, Middle East and Africa, points out: customers could start using them.” maritime of ce in Oman during the course of “These tools have reinforced our relationship As an example, Machinery Maintenance 2021 to support growing activity in the with all our clients during these dif cult times. Connect (MMC) is a recently developed Sultanate. Remote surveys, for example, have become essential during the pandemic, when we are not able to go on board. The fact that we Customers have been able to see the difference started remote surveys back in 2018, and so between DNV and other classification societies had well established technology and because of the quality of our digital services. procedures in place, meant that we did not have a last-minute scramble to adapt to – Pawan Sahni, Business Development Director, Middle East and Africa, DNV lockdowns and travel restrictions.” 2021/22 TMS UAE Yearbook 41
BEFORE REPAIR AFTER REPAIR 27
CLASSIFICATION LR increases market share Tanker projects have come to the fore over the past year managed detection and response. This is supported by a round-the-clock security operations centre and a dedicated cyber O ver the past year, Lloyd’s changed the way LR works and operates response team to help clients counter the risk Register (LR) has achieved an signi cantly, with lockdowns and travel of cyber security breaches. increased share of the market restrictions making it challenging to meet the for classi cation services to requirements of our customers. But with the Strong prospects newbuild vessels ordered by dedication and efforts of our teams, we have Looking ahead, LR is highly optimistic about Middle East owners. In managed the situation well and kept our clients regional prospects, with 2021 starting off better particular, it has secured work in connection happy. The increased con dence in digital than expected, particularly because of owners with a number of big tanker projects for Bahri methods has meant that we have become more catching up on drydocking work postponed and ADNOC L&S, among others. agile in supporting the needs of our clients.” during the peak of the pandemic and also rising Ralph Becker, Head of Business demand for new ships. Becker adds: “We can see Development, Middle East and Africa, says: Remote survey work that shipping markets, especially containerships, “LR did very well during 2020, securing the bulkers and gas carriers, bounced back to LR has invested heavily in training for remote largest share of newbuilding orders amongst survey work and Dubai is now one of the unexpected levels. This is the trigger for owners the classi cation societies in the Middle East, global hubs for this activity. Investment in to order new environmentally friendly ships, while also increasing its share of the market for digital tools has also helped support customers which is one of LR’s strengths.” ships in service. during the unusual circumstances. In December, LR launched its Maritime “We have got off to a good start in 2021 as Examples include Cloud Fleet Decarbonisation Hub, providing a platform well and have already been entrusted with Manager, which has recently for the acceleration and integration of some additional newbuilding projects by been upgraded with the addition industry wide initiatives, bringing regional owners, as well as attracting a number of a new crewing module. together the three components – of existing vessels to our class.” Nettitude, LR’s cyber security technology, investment and community LR has seen a strong push towards the services provider, has been readiness levels – to provide evidence- digitalisation of services and has gained introduced to the Middle East based pathways through technology considerable experience performing remote market with a full suite of threat- demonstration projects. surveys, making smarter use of available led services that span technical On the advisory side, LR is networks. Becker adds: “The pandemic has assurance, consulting and currently very active in helping shipowners to understand the LR did very well during 2020, securing impact of the upcoming EEXI the largest share of newbuilding regulations and to investigate orders amongst the classification what actions are needed to societies in the Middle East. stay compliant in the future. “With our strong advisory – Ralph Becker, Head of Business Development, team based in Dubai, we are Middle East and Africa, Lloyd’s Register well placed to support our While 2020 was a challenging year, ABS was clients every step of the way,” adds Becker. ‘nonetheless involved in several significant Digitalisation powers positive developments at ABSNew tools help society adapt to changed market conditions A good example of this recently was the In the rig sector, ABS is classing two new use of remote surveys for steel certification LeTourneau 116C units with Lamprell for at a steel mill in India, enabling work on two Self-Elevating Drilling Units (SEDUs) at maritime projects for both new and existing IMI/ARO Drilling, while basic design work has Lamprell to continue despite Covid-19 clients in the region. For example, the been completed and negotiations for detailed restrictions. Lamprell ordered 8,855 tonnes of classification society won its first new design are ongoing for at least 18 jackups to steel for the two SEDUs from Arcelor Mittal construction project with ADNOC L&S, and its be built at IMI in Saudi Arabia. Nippon Steel Mill in Gujarat, but travel joint venture partner Wanhua, for five large Chris Greenwood, ABS Business restrictions made it impossible for ABS to gas carriers building at Jiangnan Shipyard in Development Manager, adds: “As certify the steel at the mill in person, China. ABS has also signed a digital asset organisations continue to rely more heavily potentially delaying the project. Remote maintenance and management services on remote and virtual operations, ABS is surveys offered the solution. agreement with ADNOC L&S using the ABS leveraging digital tools to enable remote ABS is now able to conduct almost all Structural Dashboard tool. surveys and more virtual operations.” annual surveys remotely on eligible vessels. 2021/22 TMS UAE Yearbook 45
CLASSIFICATION The support of ADNOC and Abu Dhabi Ports, which is also putting additional vessels under Tasneef class, is greatly appreciated. Together we are collaborating to strengthen the ‘Abu Dhabi maritime cluster. – Eng Waleed Altamimi, Maritime General Manager, Tasneef of its large vessels, including a chemical/oil tanker, a containership, LPG tanker and bulk carrier. Further ADNOC L&S vessels are expected to be added in 2021, similarly giving Tasneef the chance to expand the scale of its operations and gain experience and expertise with a wider range of vessel types. “This is an integral part of our strategy for becoming eligible for admission to IACS in 2030,” says Eng. Altamimi. “The support of ADNOC and Abu Dhabi Ports, which is also putting additional vessels under Tasneef class, is greatly appreciated. Together we are collaborating to strengthen the Abu Dhabi maritime cluster.” Eng. Waleed Challenging year Altamimi, Tasneef Tasneef experienced a challenging year in Maritime 2020, as owners were reluctant to invite General surveyors on board to inspect vessels, while Manager IMO allowed automatic extensions to class. Additionally, there were fewer docking Agreements enable projects for commercial and naval ships under Tasneef to grow Tasneef class. Partnership deals help build towards strategic goals Eng. Altamimi says: “The pandemic was very disruptive to our operations, leading to T he Emirates Classi cation marinas and maritime activities. According to reduced utilisation of our people, dif culties Society, Tasneef, has recently Eng. Waleed Altamimi, Tasneef Maritime accessing ships and nancial pressures. reached a number of General Manager: “We started work on this Nonetheless we managed to get through important agreements which important project in March 2021. It could without cutting or laying off staff, and keeping should boost local activity for generate up to 10,000 inspections a year, our workforce intact while maintaining giving us much needed experience and the business continuity was a signi cant its teams of inspectors and opportunity to recruit and train additional achievement in the circumstances.” Emirati inspectors.” surveyors over the next few years. Despite the pandemic Tasneef did achieve a The Abu Dhabi-based classi cation society small increase in the number of ships under its Tasneef has signed a contract with newly is also stepping up cooperation with ADNOC class, the majority of which are smaller naval L&S. In 2020, the shipping company granted and commercial ships, in 2020. “We are formed regulator Abu Dhabi Maritime, a Tasneef double classi cation contract for four optimistic about achieving a faster rate of growth in 2021,” adds Eng. Altamimi. joint venture between Abu Dhabi Ports and “Local owners are being very supportive the Department for Marine Transport, to and we are in the process of negotiating contracts with a number of new and existing carry out inspections on local vessels, customers which should ensure that the Tasneef eet will increase more signi cantly this year.” 2021/22 TMS UAE Yearbook 47
SHIPYARDS & MARINE ENGINEERING Drydocks World performs profitably Drydocks World Dubai exceeded targets set for ship repair work in 2020 and had a profitable year of operations overall D espite the impact of the pandemic on the anticipates further demand in this sector as well, based on the shipping industry, Drydocks World Dubai growing number of enquiries being received by the yard. (DDWD) maintained a broad level of stability in its ship repair operations, Notable ship repair and upgrade projects carried out in achieving a slight increase in volume over 2020 included work to the FSRU Golar Igloo, to increase capacity by installing an additional regasi cation skid in 2019 levels. It was tough going at times, parallel with existing ones. The scope of work carried out by the shipyard included detailed engineering based on a client- particularly between March and July, when many anticipated supplied basic design, ship drawings, procurement of bulk items, module construction, testing and commissioning. drydocking projects were cancelled or deferred, but the DDWD also completed construction of the Johan Dubai shipyard bounced back strongly in the second half of Castberg Turret Mooring System (TMS) for SBM Offshore and end client Equinor. The yard completed the TMS in four the year, and eventually turned in a pro table nal year units, weighing over 8,000 tonnes in total, and was responsible for production engineering, procurement, result, which was a highly impressive performance in the construction and testing of system components. The project involved around 5 million hours of work and was completed circumstances. without a Lost Time Incident (LTI). In total, the yard docked 2% more vessels in 2020, Other highlights of 2020 for DDWD included a number of ballast water installation projects and repairs to a series of compared with the 2019 gure. Of this overall workload, gas carriers for various clients. tankers accounted for the biggest share, close to 60%, with Capt. Antolovic says: “We see very good prospects for ship repairs in 2021 as owners start coming back to carry out 18% being larger tankers of ULCC or VLCC type. the work they deferred last year. Forward bookings from owners are strong and that makes us optimistic about the rest Captain Rado Antolovic PhD, CEO of Drydocks World, of the year ahead.” says: “Last year was a good one for the yard in the repair Diversification market with an increase of around 11% in enquiries and While ship repair will remain a core activity, DDWD plans over the next few years to diversify more into the renewable 10% in orders received compared with 2019. We experienced energy sector and considerable investment is being made in the South Yard to accommodate that strategic shift. The a surge in bookings in the third and fourth quarters of the company is additionally expanding its fabrication capacity by 50%, creating an additional facility to load out heavy year which helped us exceed the budgeted targets.” structures, and has introduced a new duct and switch gear facility, new laser cutting machines and air conditioning gas This positive momentum has been sustained in the rst recycling units. part of 2021, with an upturn in enquiries for both ship repair Other notable initiatives designed to strengthen business prospects include a recently signed agreement with a Dubai The yard and offshore projects. SOx scrubber installation projects company to accept slops at the Dubai anchorage, while the completed the yard is working with local authorities to be LNG-ready and Johan Castberg slowed down towards the end of 2020 but the yard is now thereby in a position to accept LNG-fuelled vessels for Turret Mooring conversion and upgrade work in future. System (TMS) in seeing an increase in enquiries relating to this environmental 2021 Sustainability is a top priority for DDWD. In this context retro t work. DDWD has additionally now received in excess it has recently signed a service agreement with Dubai-based Etihad-Esco to deliver energy savings of 20-30%. This joint of 100 orders for ballast water treatment system retro ts and 48 TMS UAE Yearbook 2021/22
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