MMC Ports, Saudi Binladin Group and Jazan Economic City Limited signed a $1.4bn port development agreement to develop a new industrial port at Jazan city.
Strategically located at the mouth of the Red Sea, the port will provide easy access to the world’s shipping lanes with direct access to Europe, Africa and Asia. JEC Limited also plans to establish $900m shipbuilding and repair center in Jazan city, in proximity to the port. It is expected to cater to vessels plying the busy Red Sea and Suez Canal route.
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Thursday, November 6, 2008
Iraq to build $850m shipyard
Iraq's government has announced plans to build $850m shipbuilding and repair facility at its Gulf seaport.
A government statement said a company belonging to the Iraqi Industry Ministry will manage the design and construction of the shipyard in the port of Khor al-Zubeir. The statement issued by the prime minister's media office says the shipyard would be used to build specialized small ships, supply vessels, naval patrol boats and towing ships. The facility, which will also offer repair and maintenance facilities for foreign ships visiting Iraq, is expected to begin operations by the end of 2011.
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A government statement said a company belonging to the Iraqi Industry Ministry will manage the design and construction of the shipyard in the port of Khor al-Zubeir. The statement issued by the prime minister's media office says the shipyard would be used to build specialized small ships, supply vessels, naval patrol boats and towing ships. The facility, which will also offer repair and maintenance facilities for foreign ships visiting Iraq, is expected to begin operations by the end of 2011.
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EXMAR forms Alliance to Create Floating Liquefaction, Storage and Offloading Solution
EXMAR announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions.
EXMAR has specifically formalized a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a proven provider of natural gas processing and liquefaction technology. “The alliance of a proven liquefaction technology provider, an experienced LNG importer and marketer and EXMAR’s proven track record of pursuing technologically challenging projects in the LNG business is in my view a unique selling proposition to field owners. This partnership forms a solid basis for the successful development of the first floating liquefaction, storage and offloading solution in the world” said Nicolas Saverys, Chief Executive Officer of EXMAR NV. The FLSO combines the liquefaction process, storage tanks, loading systems, and other LNG-related infrastructure into a single floating unit. The alliance has the expertise to develop a cost-effective source-to-market solution that provides the same reliability, efficiency and flexibility that Excelerate and EXMAR have pioneered in floating regasification and LNG ship-to-ship transfer.
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EXMAR has specifically formalized a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a proven provider of natural gas processing and liquefaction technology. “The alliance of a proven liquefaction technology provider, an experienced LNG importer and marketer and EXMAR’s proven track record of pursuing technologically challenging projects in the LNG business is in my view a unique selling proposition to field owners. This partnership forms a solid basis for the successful development of the first floating liquefaction, storage and offloading solution in the world” said Nicolas Saverys, Chief Executive Officer of EXMAR NV. The FLSO combines the liquefaction process, storage tanks, loading systems, and other LNG-related infrastructure into a single floating unit. The alliance has the expertise to develop a cost-effective source-to-market solution that provides the same reliability, efficiency and flexibility that Excelerate and EXMAR have pioneered in floating regasification and LNG ship-to-ship transfer.
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Jurong Port's Penjuru Terminal officially opens
Singapore’s Penjuru Terminal in Jurong Port has been officially opened.
Brigadier-General (NS) Choi Shing Kwok, Permanent Secretary, Ministry of Transport officially opened the Penjuru Terminal, which will be operated and managed by Jurong Port. Also at the opening, were Brigadier-General (NS) Tay Lim Heng, Chief Executive of the Maritime and Port Authority of Singapore (MPA) and Barry Desker, Chairman of Jurong Port. “Lighter operations are an essential part of Singapore’s maritime sector,” said BG Choi. “As our port continues to grow, we can expect the scale of the lightering and ship supply operations to grow in tandem as well.” Mr. Desker added: “The growth of Singapore as a maritime hub is intertwined with the dynamism of our lighterage and ship-chandling companies from the early days. Their services form a crucial link for the operational efficiency of the Port of Singapore today.” Having operated from the Pasir Panjang Lighter Wharves since 1983, the lighter and ship-chandling operators relocated and started their operations at the new Penjuru Terminal in June 2008. This relocation was necessitated by the need to provide higher standards of service and efficiency to keep pace with the growing expectations of the shipping industry. Jurong Port was entrusted with the task of developing and operating the Penjuru Terminal along Sungei Jurong in mid-2006 by the MPA. In May 2008, the terminal was completed.
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Brigadier-General (NS) Choi Shing Kwok, Permanent Secretary, Ministry of Transport officially opened the Penjuru Terminal, which will be operated and managed by Jurong Port. Also at the opening, were Brigadier-General (NS) Tay Lim Heng, Chief Executive of the Maritime and Port Authority of Singapore (MPA) and Barry Desker, Chairman of Jurong Port. “Lighter operations are an essential part of Singapore’s maritime sector,” said BG Choi. “As our port continues to grow, we can expect the scale of the lightering and ship supply operations to grow in tandem as well.” Mr. Desker added: “The growth of Singapore as a maritime hub is intertwined with the dynamism of our lighterage and ship-chandling companies from the early days. Their services form a crucial link for the operational efficiency of the Port of Singapore today.” Having operated from the Pasir Panjang Lighter Wharves since 1983, the lighter and ship-chandling operators relocated and started their operations at the new Penjuru Terminal in June 2008. This relocation was necessitated by the need to provide higher standards of service and efficiency to keep pace with the growing expectations of the shipping industry. Jurong Port was entrusted with the task of developing and operating the Penjuru Terminal along Sungei Jurong in mid-2006 by the MPA. In May 2008, the terminal was completed.
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CMA CGM's 'Vela' calls at YICT
The 11,000TEU CMA CGM Vela has started making calls at the Yantian International Container Terminal in South China, after being deployed on the French shipping line's French Asia Line 1 (FAL1) service.
YICT states that it is continuously improving its facilities and operating rate in order to meet the requirements of such mega-sized container ships. A total of eight ships are being used to operate the FAL1 service, which calls at Yantian every Saturday. It takes 36 days to complete a round trip on the following port rotation of: Shanghai - Hong Kong – Yantian – Singapore - Port Klang – Southampton – Hamburg – Rotterdam - Zeebrugge - Le Havre. The terminal operator said that CMA CGM would add more mega-vessels to the FAL1 to boost the service's shipping capacity. Three other weekly Asia-Europe services operated by CMA CGM also call at YICT, namely, the FAL2, FAL3 and FAL4. YICT added that in order to meet manufacturers' growing shipping demands during the weekends, CMA CGM has increased the number of its weekend Asia-Europe shipping services to three.
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YICT states that it is continuously improving its facilities and operating rate in order to meet the requirements of such mega-sized container ships. A total of eight ships are being used to operate the FAL1 service, which calls at Yantian every Saturday. It takes 36 days to complete a round trip on the following port rotation of: Shanghai - Hong Kong – Yantian – Singapore - Port Klang – Southampton – Hamburg – Rotterdam - Zeebrugge - Le Havre. The terminal operator said that CMA CGM would add more mega-vessels to the FAL1 to boost the service's shipping capacity. Three other weekly Asia-Europe services operated by CMA CGM also call at YICT, namely, the FAL2, FAL3 and FAL4. YICT added that in order to meet manufacturers' growing shipping demands during the weekends, CMA CGM has increased the number of its weekend Asia-Europe shipping services to three.
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