Tuesday, December 10, 2019

Middle East News

Maersk Pelican with Norsepower Rotor Sails. Pic: Norsepower

Norsepower Rotor Sails Saves Fuel

Finnish technology company Norsepower, along with project partners Maersk Tankers, Energy Technologies Institute (ETI) and Shell International Trading and Shipping Company Ltd., announced successful trial results of two Norsepower Rotor Sails onboard the Maersk Tankers product tanker, Maersk Pelican.The Rotor Sails are large, cylindrical mechanical sails that spin to create a pressure differential, the Magnus Effect, that propels the vessel forward; in this instance a Maersk Tankers’ Long Range 2 (LR2) product tanker vessel…

Photo: Thordon Bearings

Global Tiger Success for Thordon Bearings

Canadian company Thordon Bearings has notched up another success story for a customer in the demanding offshore sector, with a bearing and seal installation in “perfect condition” after over three years of operation.Global Tiger, operated by UAE-based Global Marine Co is a 42m (138ft) crew/supply vessel currently in service in the Middle East. It is one of a pair of all-aluminium crewboats built by Grandweld of Dubai in 2015/2016. The vessel, with 83-person capacity, is powered by a triple-screw Caterpillar propulsion plant…

File Photo: Caterpillar

Marine Engines Market: $14.4Bln by 2026

The global marine engines market is estimated to grow at CAGR above 4.5% over the forecast time frame 2019 to 2026 and reach the market value around $14.4 billion by 2026.The shifting trends in the shipping industry and the increase of worldwide amounts of sea trade are projected to fuel the development of the market in marine motors, said a report by Acumen Research and Consulting.Increased use of low-sulfur fuels due to public emissions reduction standards will fuel demand for the item.

Photo courtesy of Shipoil

Glencore's Shipoil to Digitalize IMO 2020 Ops

The Greece-based global bunker fuel and marine lubricants trader Shipoil has appointed Inatech, a unit of Glencore, to digitalize its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits.Shipoil offers worldwide bunker supply. The company, based in Piraeus, has been expanding its operations, most recently in the Mediterranean and Middle East.Inatech’s energy trading and risk management (ETRM) system for the bunker industry uses cloud-based computing to reduce operational and counterparty risk…

Photo: Goltens

“Cautious Optimism” for Goltens Dubai

The global downturn in offshore energy is well recorded, a downturn which has had impact on various arms of the energy and marine supply chain. While Goltens has felt the downturn like many other companies, it is reporting 'cautious optimism' in the Middle East premised on new international regulation and the need for shipowners to upgrade ships.Almost all the offshore vessels in Dubai are operating, and many have come in from Asia to do the same, but following the offshore crash in 2016, operators are delaying maintenance.

Image: BP

Bunker Fuel Mkt to Reach $273bln by 2025

The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025.Increased offshore hydrocarbon exploration activities in offshore destinations and growth in marine trade due to rise in import-export activities contribute to the overall growth of the global bunker fuel market, said a report published by Allied Market Research.However, stringent government regulations…

L to R : Prakash Kumar (General Manager – NICO International), Chris McMenemy (Managing Director - Cleanship Solutions Ltd.) (Photo: Cleanship)

NICO International Partners With Cleanship Solutions

As the maritime industry continues to demand cleaner emissions from ships, there will be a proliferation of partnerships designed to get ships in compliance quickly, efficiently.Cleanship Solutions Ltd., UK based company specializing in ballast water management and exhaust gas cleaning retrofit engineering, entered in to a Memorandum of Understanding with NICO International – a UAE based marine and industrial engineering company.With the new alliance in place, NICO aims to further…

Photo: Cox Powertrain

Distributors Gather Ahead of Diesel Outboard Launch

Cox Powertrain has completed two distributor conferences which have taken place ahead of the much-anticipated launch of the world’s highest power density diesel outboard, the CXO300. Marine engine specialists from all corners of the globe came together at two separate country events to learn about the engine’s final concept and discuss plans for the product launch.Attending the conference in Miami, U.S., which hosted eight North American distributors, as well as representatives from Cox‘s distributors in China…

© xy / Adobe Stock

New Rules on Ship Emissions Herald Sea Change for Oil Market

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for cleaner…

MAG Lube,Photo MAG Lube LLC

GP Global Acquires MAG Lube

GP Global (Formerly Gulf Petrochem Group) today announced that it has completed its acquisition of MAG Lube LLC in the United Arab Emirates. MAG Lube LLC is a  manufacturer of lubricants in the Middle East, distributing its full range of lubricants in more than 40 countries across the Middle East, Africa and Asia. GP Global has acquired a majority stake of MAG Lube LLC, a company valued at close to $75m, in a global lubricants market said to reach $166.23bn by 2025 according to Grand View Research, expanding at a 3.8% CAGR during the forecast period.

Fairbanks Morse, MAN D&T: $33.5M for MSC Power

Fairbanks Morse LLC, Beloit, Wisconsin (N3220518D4901); and MAN Diesel and Turbo Middle East LLC, Dubai, United Arab Emirates (N3220518D4902), are being awarded a combined cumulative $33,344,779 ceiling multiple award indefinite-delivery/indefinite-quantity contract for a broad range of parts and services of Original Equipment Manufacturer (OEM) and/or OEM authorized distributors, parts provider, or service technicians to maintain the following diesel engines contained within multiple Military Sealift Command classes of ships ALCO 251F…

(Photo: Yara Marine)

Goltens, Yara Marine Partner for Scrubbers Installs

Goltens and Yara Marine Technologies have entered into a nonexclusive global engineering and installation pact for Yara’s SOx Scrubber System from 2018, including sales representation in North America, the Middle East and Singapore. “Yara Marine is a leader in exhaust gas cleaning systems,” said Goltens COO, Roy Strand. Kai Låtun, Chief Sales and Marketing Officer in Yara Marine, said, “The value of a strong sales and service network cannot be underestimated. A bonus for both in the new partnership should be the timing.…

Huta Marine's cutter suction dredger Huta 14 has resumed operations following a two-year overhaul (Photo: Royal IHC)

Royal IHC Completes Two-year Dredger Overhaul

The self-propelled cutter suction dredger (CSD) Huta 14 has resumed operations for Saudi Arabian owner Huta Marine following two-years of renovation work performed by Royal IHC. The overhaul, which involved replacing Huta 14’s three large diesel engines, as well as integrating an electrical installation for the underwater pump engine and drive, was completed by IHC Middle East based in Dubai with support from IHC’s Asset Upgrade Services department in The Netherlands. IHC Services was responsible for the engineering aspects of the rebuild…

(Photo: Gondan)

A New Breed of Tug

When markets expand niches are created, goes the logic. For builders of tugs, that market is “floating gas” and the expanding use of liquefied natural gas, or LNG, as a fuel. In support of LNG, there’ll be more oceangoing tug duty — the new floating storage and regasification units, or FSRUs, mean busier LNG carriers, and LNG cargo owners have an interest in tug escorts that share their “carbon footprint”. Still, new emissions rules offer ways to keep using refinery products, and the work of master tug designers suggests the new breeds of tugs are about more than fuel.

Left to right: John Thomas, Chief Operating Officer – NICO International – The Chalmers Group, with Masayoshi Aoki, Chief Operating Officer for the Marine business (Photo: NICO)

Nishishiba, NICO Sign Service Agent Deal

Japanese power generation, industrial and marine electrical systems specialist Nishishiba Electric Co. Ltd., part of the Toshiba Corp., has entered in to a service agent agreement with UAE based marine and industrial engineering company NICO International. NICO International will be the authorized service representative for all the electrical power generating products manufactured by Nishishiba in the Middle East region. “Considering the market trends and NICO’s vision of being the best overall marine and industrial solutions provider, this partnership with Nishishiba Electric Co. Ltd.

Mobile workshop with repaired propeller (Photo: Stone Marine Shipcare)

Faster Propeller Repairs in the Middle East

Aiming to provide faster repair service in the Middle East to ship operators whose vessels have sustained propeller damage, Stone Marine Shipcare has signed a Service Agency Agreement with Dubai Drydock World which sees one of the companies’ mobile workshops permanently based there. The workshop will be used, not just at Drydock Worlds’ own facilities, but can be quickly transported to other Middle Eastern shipyards, wherever a ship is in need of repair or maintenance to its propeller.

Malcolm Christie (Photo: OEM Group)

Christie Joins OEM Group in Technical Support Role

OEM Group said it has appointed industry veteran Malcolm Christie in a senior technical support role in response to growing its U.K. and international business. Christie has more than four decades’ experience in the marine, and the oil and gas industries and joins OEM Group from 41 years at Turner Engine Powered Services where he latterly held the position of technical estimating manager for nine years. Christie is a time served experienced engineer who started his career as an apprentice diesel engineer before going on to hold roles including service engineer…

Brad Halverson (Photo: Caterpillar)

Caterpillar CFO to Retire in 2018

Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the company. Halverson will continue working into early 2018 and will help ensure a smooth transition for the new CFO. Prior to becoming CFO, Halverson served two years as vice president of the Finance Services Division, and before that position, he was the corporate controller. Halverson joined Caterpillar in 1988 as an accountant.