BluePass Insights - June 2024

BLUEPASS

THE UAE’S

► Bureau Veritas joins BluePass as Strategic Partner

► Eng. Walid Al Tamimi explains Tasneef’s Growth Plans

► SAFEEN Group Conducts First Electric Tug Trial in the Region

► Dubai SME provides AED233 million worth of support in 2023

► Tristar Eships collaborates with Wärtsilä’s Decarbonisation Services

BLUEPASS

INSIGHTS

BLUEPASS INSIGHTS

JUNE 2024

Bluepass Insights

EDITOR media@neonautica.group

ADVERTISING media@neonautica.group

DISCLAIMER

Bluepass Insights provides a comprehensive platform featuring news, information, analysis, opinions, commentary, and press releases. Our content includes both professionally reported and meticulously edited material. While sources are referenced where applicable, we do not warrant the completeness, accuracy, or reliability of any content.

Please note that all content and information provided on Bluepass Insights are offered “as is” without any warranties, express or implied. This includes, but is not limited to, implied warranties of merchantability, fitness for a particular purpose, accuracy, and noninfringement. Users should be aware that any reliance on the material is at their own risk.

BluePass Insights is not responsible for any errors or omissions, nor for any losses, injuries, or damages arising from the use of this information. Additionally, while we strive to provide accurate and up-to-date information, we do not guarantee the timeliness or ongoing availability of any content. By using our platform, you agree to these terms and conditions.

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A Word from the Distinguished Advisor

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MOU signing between UAE’s MOEI and Bureau Veritas Marine & Offshore to Support BluePass

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Ministry of Energy and Infrastructure collaborates with NeoNautica to develop and operate the UAE Blue Pass platform

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Tristar Eships to manage its carbon footprint with Wärtsilä’s Decarbonisation Services

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AD Ports Group and the General Company for Ports of Iraq Sign Preliminary Agreement to Develop Al Faw Grand Port and Economic Zone

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Interview with

Eng. Waleed Altamimi Group Deputy CEO & General Manager at Tasneef Maritime, highlighting growth plans & expansion in the region

17 Jafza continues to fuel growth of India-UAE trade as second CEPA anniversary nears

Veolia, through its RECAPP service, and TotalEnergies in UAE join forces for first-of-its-kind recycling initiative of lubricant containers in Dubai

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UAE Space Agency Unveils Significant Milestones in Emirates Mission to the Asteroid Belt

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Through an agreement with SKF, ENOC’s EPPCO Lubricants introduces revolutionary RecondOil technology in the UAE

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Singapore’s Petrozo Energy sets up factory in Hamriyah Free Zone, targeting markets in Middle East, East Africa & Southeast Asia

THE TEAM BEHIND UAE BLUEPASS

Captain Rami Al Breiki

Chief Executive Officer at NeoNautica

NeoNautica has transformed the BluePass project to a comprehensive engagement platform for the entire logistics sector in the UAE. Initially focused on offering rewards to maritime professionals, BluePass has expanded its scope to include all facets of logistics, encompassing air, land transportation, rail, and aviation. In partnership with the UAE’s Ministry of Energy & Infrastructure, BluePass aims to lead efforts in elevating the UAE’s ranking on the global maritime quality transport index. This evolution highlights NeoNautica’s commitment to driving innovation and excellence across the logistics industry, reinforcing the UAE’s status as a premier global logistics hub.

Bedros Mardikian

Chief Commercial Officer at NeoNautica

Welcome to the first edition of BluePass Insights, where we delve into the dynamic world of logistics, encompassing air, land transportation, rail, and aviation. In this issue, we spotlight the UAE’s remarkable success stories, showcasing how the nation’s strategic initiatives are transforming its logistics landscape. We are particularly excited to highlight Bluepass’s groundbreaking efforts to digitize and unify the logistics sector, driving efficiency and innovation. Join us as we explore these advancements and their impact on the UAE’s position as a global logistics hub, underscoring the synergy between technology and infrastructure in enhancing operational excellence.

A Word from the Distinguished Advisor

I am delighted to welcome you to the inaugural issue of BluePass Insights as part of the UAE BluePass Platform, the UAE’s digital maritime and logistics ecosystem.

THE UAE is taking its rightful place at the forefront of global maritime excellence. Our nation is embarking on groundbreaking, and sometimes challenging, reforms to meet the increasing demands of local and international stakeholders for higher growth, efficiency, and innovation. At the same time, maritime companies operating in the UAE must capatilize on the opportunities across many sectors to establish an international footprint.

Maritime professionals are responsible for ensuring these opportunities – and challenges –are successfully managed. They, in turn, look to their counterparts in various maritime services –wherever they may be located – for guidance and advice. BluePass Insights is here to serve these readers, whether in UAE or beyond. We understand your demanding requirements and

are ready to satisfy them, in print and online.

Every month, BluePass Insights will update you on the latest developments in the maritime industry, covering everything from technological advancements to regulatory changes and international collaborations. While ensuring you remain fully up-to-speed with all you need for your regular maritime operations, we will not hesitate to entertain transparent discussions – witness this issue’s comprehensive yet incisive highlight on the UAE’s tremendous efforts into fostering initiatives such as this new digital platform to enhance connectivity and efficiency in the logistics sector.

In the meantime, international investors are increasingly looking to the UAE, while domestic maritime industries grapple with adopting international best practices. The inaugrial issue Spotlight looks in detail at how recent collaborations are creating seamless and effective solutions for logistics professionals in the UAE, while our regular case study, What’s the Deal, examines the strategic expansion of the UAE BluePass initiative to include other logistics sectors such as land, rail, and aviation. These integrations are pivotal in enhancing connectivity and bolstering the nation’s competitive edge, further positioning the UAE

as a premier logistical partner for global trade. We trust that BluePass Insights will be a welcome source of intelligence to international and UAE-based logistical businesses and professionals as they adapt and expand to take advantage of the UAE’s growing prominence in the global logistics industry. We have been overwhelmed by the support we have received so far, and I would like to offer my sincere thanks to everyone who has been involved in the launch of the monthly BluePass Insights, particularly our Editorial Board members and our partners at NeoNautica.

We look forward to hearing from you and to serving you.

H.E. Eng. Hessa Al Malek

Advisor to the Minister for Maritime Transport and Affairs

UAE Ministry of Energy and Infrastructure

MOU signing between UAE’s MOEI and Bureau Veritas Marine & Offshore to Support BluePass

The Ministry of Energy and Infrastructure (MOEI), in collaboration with NeoNautica, has signed a Memorandum of Understanding (MoU) with Bureau Veritas Marine & Offshore. This MoU aims to establish a collaborative framework for a strategic partnership to support the BluePass platform.

BWe are very excited about the strategic partnership formed with NeoNautica and MOEI for the BluePass platform, which is a great initiative.

Jamil Al Ali, Commercial & Business Development Director for Bureau Veritas for Marine & Offshore in the Middle East Region

LUEPASS seeks to create a platform that unites key players in the UAE’s maritime and logistics industry, including strategic partners and stakeholders, to offer a variety of digitized privileges and premium facilities to major shipping lines, and shipowners visiting the UAE’s ports. Additionally, the project aims to provide attractive incentives and concessions for

yachts and recreational vessels berthing in the country’s regional waters. The MoU was signed by Her Excellency Hessa Al Malek from the UAE Ministry of Energy & Infrastructure, Captain Rami Al Breiki, CEO of NeoNautica, and Matthieu de Tugny, President of Bureau Veritas Marine & Offshore, at the Bureau Veritas Day held in Dubai, which was attended by distinguished guests from the industry.

Ministry of Energy and Infrastructure collaborates with NeoNautica to develop and operate the UAE Blue Pass platform

The Ministry of Energy and Infrastructure has signed a collaboration agreement with NeoNautica, a company specialised in technology and digital services for the maritime sector. This collaboration aims to develop and operate the UAE Blue Pass platform, dedicated to creating quality packages of privileges and facilities. These efforts will enhance the competitiveness of the national maritime sector, promote its attractiveness to international investors, providing an added value to maritime companies operating in the UAE and commercial ships calling its ports, ushering a new era of innovation in the maritime industry.

THE agreement was signed by H.E. Eng. Hessa Al Malek, Advisor to the Minister for Maritime Transport and Affairs at the UAE Ministry of Energy and Infrastructure, and Capt. Rami Al Breiki, CEO of NeoNautica. Officials from both sides were present.

Al Malek affirmed that this collaboration signifies a pivotal step for the maritime sector, propelling it towards unprecedented levels of growth and innovation, thereby enhancing

its global competitiveness and equipping it to tackle future challenges while seizing promising opportunities. This initiative aligns with the continuous efforts to enhance efficiency and sustainability within the maritime sector, with particular emphasis on embracing modern technologies.Top of Form

Al Malek said, “By developing the Blue Pas platform, we aim to build an advanced and modern digital system that supports the UAE government’s efforts to accelerate the achievement of the interconnected and technologically advanced infrastructure pillar of the “We The UAE 2031” vision. The project will be a major supporter in making the UAE the global hub for the new knowledge and data-based economy in the next ten years. The platform will incorporate advanced features alongside comprehensive industry insights, thereby providing seamless and effective solutions for maritime professionals in the UAE. By connecting professionals, ship owners, and maritime service providers.”

Al Malek underscored the pivotal role of the advanced platform in fostering seamless cooperation among stakeholders within the maritime sector, thereby improving communication, transparency, and coordination. This is achieved through user-friendly interfaces and digital features, facilitating easy access to information and streamlining operations, ultimately enhancing the efficiency and productivity of the maritime transport sector. She highlighted that the Ministry of Energy and Infrastructure, through

this collaboration, aims to expand the Blue Pass initiative to encompass multiple modes of transportation. This strategic expansion aims to position the UAE as the premier logistical partner for global trade, further consolidating its leadership in the logistics industry.

Capt. Rami Al Breiki expressed his happiness regarding the partnership with the Ministry of Energy and Infrastructure to develop the UAE Blue Pass platform, emphasising the company’s unwavering dedication to innovation and excellence in the maritime sector. Leveraging advanced technology and extensive sector experience, NeoNautica is committed to creating a seamless and integrated platform that fosters growth and prosperity for the maritime sector.

The developed platform aims to establish a sophisticated and advanced digital environment, seamlessly connecting maritime professionals. Its primary objectives include enhancing cooperation among stakeholders in the maritime sector, fostering communication and transparency, expanding coverage to include all modes of transportation, and elevating the UAE’s position as a key player in global logistics through technology integration. Advanced technologies, including artificial intelligence and blockchain, are used to enhance efficiency and reliability. Moreover, the platform offers easy-to-use interfaces and customisable control panels to enhance user experience. Additionally, it features a collaborative marketplace enabling users to engage with marine service providers.

Tristar Eships to manage its carbon footprint with Wärtsilä’s Decarbonisation Services

Article Source: Wärtsilä Corporation, Trade press release 2 May 2024

Technology group Wärtsilä’s unique Decarbonisation Services have been chosen to support Tristar Eships, the maritime logistics division of the Dubai-based Tristar Group, in decarbonising its operations. Wärtsilä’s Decarbonisation Services will initially be applied to two tankers in the company’s fleet and is tailored to create a significant reduction in their carbon emissions.

“ WE are committed to finding efficient solutions to reduce our emissions footprint. Wärtsilä’s Decarbonisation Services is an important tool in helping us achieve this goal. Partnering with Wärtsilä will increase our depth of knowledge and understanding of the technologies required to raise efficiency levels, and therefore reduce emissions,” says Tim Coffin, CEO of Tristar Eships.

When it comes to decarbonising operations in the marine industry, there are many challenges around selecting and employing the right solutions and technologies efficiently, economically and at the right time. Wärtsilä’s Decarbonisation Services involve a careful analysis of a ship’s operating profile, following which recommendations are made as to how efficiency and energy saving improvements can be made.

The analysis to be undertaken for the first

two Tristar Eships vessels, includes Wärtsilä’s EnergoFlow, EnergoProFin, optimised propeller, shaft generator and the capability to operate on biofuel.

“With increasing pressure to decarbonise, knowing which solutions and technologies will deliver the most cost-optimal route to decarbonisation today, and in the future, is important,” comments Rajan Khanna, Head of Sales, Middle East – Wärtsilä Marine. “Our Decarbonisation Services are an integral part of our overall decarbonisation strategy, meaning we can best support customers, like Tristar Eships, with effectively managing their carbon footprint.”

The two vessels to benefit from Wärtsilä’s Decarbonisation Services are the ‘Solar Nesrin’ a 169-metre long chemical tanker, and the ‘Silver Muna’, a 183-metre long oil tanker.

AD Ports Group and the General Company for Ports of Iraq Sign Preliminary Agreement to Develop Al Faw Grand Port and Economic Zone

The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq

Article Source: Baghdad, Iraq/ Abu Dhabi, UAE – 03 April 2024: AD Ports Group (ADX: ADPORTS)

AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics and industry, today entered into a preliminary agreement with the General Company for Ports of Iraq (“GCPI”). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. Furthermore, the agreement also encompasses the potential investment, management, and operation of ports, economic zones, and related infrastructure in other cities in the Republic of Iraq.

THE agreement was signed in the presence of His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, by Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, and Dr. Eng. Farhan Muhesen Al Fartosi, Director General of the General Company for Ports of Iraq.

This signing follows a Memorandum of Understanding (MoU) inked by the two parties in September 2021, and the subsequent addendum, signed in August 2023, to intensify cooperation.

The venture is set to bring together the expertise of both entities to attract international terminal operators, foster global trade relations, and develop commercial sea corridors, contributing to Iraq’s economic growth.

The preliminary agreement aims to provide the necessary expertise for Al-Faw Port and Economic Zone, using advanced management and operating models, in addition to studying the mechanism of developing, financing, managing, operating and maintaining the project, with an aim to enhance overall efficiency and operational capabilities.

Both parties will explore investment opportunities and conduct the necessary feasibility studies related to ports, economic zones and other infrastructure under the General Company for Ports of Iraq.

His Excellency Mr. Razzaq Muhaibas AlSaadawi, Iraq’s Minister of Transport, said: “Al Faw Grand Port and Economic Zone project is of great importance to the Iraqi government, which is committed to implementing the project in line with the highest global standards, in cooperation with our partners in the UAE and AD Ports Group. We have provided all the necessary solutions to ensure the success of the project, which aims to significantly contribute to local and regional economies. Moreover, combined with the development road project, Iraq’s most prominent economic and logistics development, this project will strengthen maritime transport and freight shipping between Asia and Europe.”

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, said: “The agreement signed today between AD Ports Group

and the General Company for Ports of Iraq, is in line with the directives of our wise leadership towards strengthening economic ties and increasing bilateral trade volumes between the two countries, in combination with associated agreements aimed towards the establishment of mutual growth platforms for business and private sectors, through exploring cooperation opportunities that drive mutual benefit in key industries.”

Dr. Eng. Farhan Muhesen Al Fartosi, Director General of the General Company for Ports of Iraq, said: “We are embarking on another phase of cooperation with AD Ports Group, reflecting our shared commitment to advancing the development of our ports and economic zones. Together, we will create a joint operational policy which includes partnering with key international shipping lines to meet the outcomes of the project’s feasibility study. By leveraging the port’s strategic location linking commercial lines between the East and the West, we will unlock new opportunities for trade, investment and economic growth, contributing to the prosperity of our nation.”

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are pleased to reinforce our partnership with the Iraqi Ministry of Transportation, represented by the General Company for Ports of Iraq. The expansion of our collaboration demonstrates our commitment to strengthening relations between both our countries in line with our wise leadership’s vision for strategic global trade and logistics growth that further boosts economic development and diversification in the region and beyond.”

ENG. WALEED ALTAMIMIInterview with

Group Deputy CEO & General Manager at Tasneef Maritime, highlighting growth plans & expansion in the

How did Tasneef establish itself as a prominent maritime classification society in the UAE?

Tasneef, the first Arab classification society, is a Tawazun Council company founded in 2012 with great support from the UAE government. All necessary rules, processes, and procedures have been established in accordance with IACS standards with the assistance of a team of experts and in collaboration with Italy-based Registro Italiano Navale (RINA), a worldwide leader in testing, inspection, and certification services for the maritime industry. The former team of the Federal Transportation Authority (FTA) played an important role in supporting Tasneef and obtaining accreditation from the Arab League’s Council of Arab Ministers of Transport. Tasneef also received tremendous support from major UAE companies, including Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports Company. The remarkable leadership and the generous support of the UAE Government were the key elements in establishing Tasneef.

Currently, how many vessels does Tasneef classify, and what are its expansion plans?

Tasneef’s registration includes

approximately 180 ships with a gross tonnage of more than 300,000. This does not include military ships under Tasneef Classification and other hundreds of small vessels certified by Tasneef as per the GCC Code. Even though the number of vessels may appear small in comparison to other societies, Tasneef covers a wide range of vessel types, which is critical in maintaining high qualifications among our surveyors. We are already in contractual discussions with major fleet owners in the UAE, and we expect to double our tonnage in 2024 alone.

What are the primary challenges in ensuring vessels meet rigorous and consistent assurance criteria?

The primary challenges we face are shipowners who want to keep their vessels in service while investing as little as possible in maintenance and upgrades. The UAE offers all the capabilities, logistic support, and maintenance facilities required for the ships to maintain high standards and to comply with the latest rules and requirements; however, fierce business competition drives shipowners to cut maintenance costs. Tasneef and the UAE

region

Flag administration are continually supporting shipowners by providing them necessary extensions as per applicable rules and procedures and within the timeframe until they complete the required maintenance; however, we must reach a point where certification will be suspended when safety is compromised.

What are the key opportunities in the UAE’s maritime sector?

There are plenty of opportunities for maritime companies in the UAE, whether they are looking to work locally in the UAE or station here to manage their international business. For local potential, the UAE is a world leader in maritime operations, as there are two main business streams: Offshore Real Estate Development and Offshore Oil & Gas Projects. ADNOC alone has an investment of billions of dollars for the Hail and Ghasha offshore development. Nakheel, on the other hand, is investing billions in the development of Palm Jebel Ali in addition to other offshore projects. For international companies, the deadweight tonnage of ships controlled by UAE-registered companies has increased significantly. Today, the UAE boasts the world’s 13th largest shipping

fleet, with a capacity of 40 million tons. This increase indicates the financial and commercial opportunities for international companies to conduct their operations in the UAE.

How does Tasneef plan to educate the maritime community about its services vis-àvis alternatives?

We inform the maritime community about our services via public events and personal interactions. Tasneef participates in several events every year, namely ADIPEC, NAVDEX, Seatrade, Abu Dhabi Boat Show, and other events and conferences. During these events, we draw large numbers of visitors to our stand, who inquire about our services and discuss new business opportunities. Additionally, we organize our Maritime Conference every year, to which we invite all our customers, stakeholders, and concerned government entities. The conference covers extensive technical topics and gives our customers more confidence in the quality of our services. In addition to these public events, we ensure that our website contains detailed information about our services, including an easy way to display technical information. We also acknowledge that public events are not

enough; therefore, we engage shipowners and senior government officials in person to update them on Tasneef services and get their feedback on how we might improve such services.

Considering vessels in UAE waters, would a dual-flagging policy impact Tasneef’s vessel onboarding strategy?

The dual-flagging policy will have a positive impact on Tasneef by potentially increasing the number of ships registered under the UAE Flag. Furthermore, the added flexibility in the new maritime law, such as that the owners’ nationality is no longer restricted to the UAE, would encourage vessel owners to register under our flag. Despite having recognition from 14 other flags, Tasneef mostly relies on UAE-flagged ships for the expansion of their fleet. Given that we only have 300,000 GT, the prospect for growth is enormous and rapid. We are talking about doubling our fleet size every year. We are prepared for this rapid increase as we continue to hire skilled surveyors from around the world. We also qualify our own local surveyors using our own internal training program. Inspecting vessels with dual flags or dual classification has been a common

practice for many years, where each surveyor has to follow their own inspection instructions based on the agreement of the flag that they represent. The rules and regulations of various flags and classification societies are very similar and should not lead to technical challenges.

Does Tasneef have any plans to extend its services to encompass other regions?

Yes, since the establishment of Tasneef, we have aimed to cover the Arab World, as well as some parts of Asia. We have already opened offices in Indonesia and Kuwait, and we are working this year to open an office in Saudi Arabia. The UAE’s good relations with the world have inspired many organizations, especially in the Arab World, to invite Tasneef to open regional offices in their respective countries. Tasneef already has a strong reputation for the quality of its services, stemming from the trust that neighboring countries have in the UAE Government. This kind of trust is necessary to build new business relationships in the region. Opening international offices not only helps Tasneef to expand its business and serve its international fleet but also enables it to meet one of the prerequisites for IACS membership in 2030.

Jafza continues to fuel growth of India-UAE trade as second CEPA anniversary nears

Article Source: jafza.ae published March 12 2024

Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of India-UAE trade, with a 28% year-on-year surge in new Indian businesses setting up in the trade and logistics hub.

DP World’s flagship economic zone has seen 190 new companies from India established in 2023, bringing the total number of Indian businesses in Jafza up by 15% year-on-year to over 1,500.

The surge in customers was announced following a series of Jafza trade events in Mumbai and Hyderabad that were held in coordination with the Confederation of Indian Industry (CII) and the UAE-India Business Council (UIBC).

Bharat Mart, whose foundation stone was laid in February 2024 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Indian Prime Minister Narendra Modi, took the spotlight at the events.

Scheduled to open in 2026, Bharat Mart will allow Indian traders to reach local and international customers in the Middle East, Africa and Europe by providing comprehensive supply chain solutions that integrate retail, warehousing, and logistics services into one streamlined operation. The project has generated nearly 3,000 business leads in less than one month.

The gathering also shed light on the

We’ve received overwhelming interest from Indian businesses who are keen to establish a presence in Jafza and leverage our world-class infrastructure, network and market access. With Bharat Mart, we will continue to revolutionise trade, opening new pathways that strengthen economic partnerships and facilitate seamless global commerce.

Abdulla Al Hashmi, Chief Operating Officer, Parks & Zones at DP World GCC

flourishing trade ties between the UAE and India since the Comprehensive Economic Partnership Agreement (CEPA) was inked in May 2022.

The landmark agreement eliminated tariffs for Indian traders, creating an open and efficient environment for cross-border trade.

As a testament to the agreement’s success, bilateral non-oil trade between the UAE and India reached $50.5 billion in the first year of CEPA, a 5.8% annual increase. The goal is to further boost non-oil trade to $100 billion by 2030.

The CEPA’s effectiveness is boosted by DP World’s India-UAE Trade Bridge initiative launched in 2019, which streamlines shipping between the two nations, reducing costs and time and generating new business opportunities in sectors like manufacturing, food and beverage, pharmaceuticals, and healthcare.

Al Hashmi added: “Despite the ongoing challenges in the international trade network, our collaborative initiatives with India have led to a notable increase in trade between our two nations. Jafza has been key to this success, and our focus now is on sustaining this growth by

empowering Indian businesses and promoting a strong trade ecosystem, reinforcing our commitment to economic prosperity.”

Jafza currently serves over 10,000 companies from 130 countries, with 87% of UAE’s non-oil trade with India coming through Dubai. Indian companies represent the second largest partners in terms of trade volume and are fourth in terms of trade value at Jafza.

Jafza links businesses to Jebel Ali’s new Agri Terminals facility, which broke ground in February 2024. The AED 550 million complex will establish the largest multi-tenant facility in Dubai for storing and processing grains for both domestic consumption and export to the wider region. The first phase of the project is scheduled for completion in early 2025. Together, the Port and Free Zone offer a comprehensive logistics solution that can help Indian companies thrive.

DP World is significantly investing in India to create a leading integrated logistics network, including five port terminals and developing three free trade zones, positioning itself as the country’s top free trade zone operator and developer.

SAFEEN Group Conducts First Electric Tug Trial in the Middle East for Marine Services Fleet

Article Source: Abu Dhabi, UAE – 21 May 2024: SAFEEN Group, part of AD Ports Group (ADX: ADPORTS)

SAFEEN Group, part of AD Ports Group (ADX: ADPORTS), has announced it is trialling an electric tug within their Marine Services fleet, the first of its kind in the Middle East, which will be deployed at AD Ports Group’s flagship facility, Khalifa Port.

UNVEILED during the 27th International Tug & Salvage Convention, Exhibition & Awards 2024, Dubai, the Damen RSD-E Tug 2513 is an all-electric harbour tug, expected to provide numerous advantages including zero emissions from “Tank to Propeller”, operational efficiency thanks to boasting a 70-ton bollard pull able to

handle the largest vessels, and cost-effectiveness due to lower maintenance costs compared to diesel-powered counterparts.

Initially, the tug will be operated via generators which comply with the latest emission IMO tier 3 regulations. This set up, despite using generators, remains more fuelefficient compared to traditional ASD tugs.

The trial initiative is expected to pave the way for a formalised electrification strategy for the marine services fleet. Future plans include a shore facility at Khalifa Port capable of delivering 1.5 MW of power for charging, to accommodate such tugs, demonstrating AD Ports Group’s dedication to sustainable infrastructure and readiness to support electric-powered vessels. With a shore charging facility in place, the tug will benefit from its full electric capabilities, contributing significantly to reducing the carbon footprint of maritime activities.

Captain Ammar Mubarak Al Shaiba, CEO –

Maritime & Shipping Cluster, AD Ports Group, said: “We are very proud to have the first electric tug in the Middle East join our fleet. Implementing electric tugs into our operations aligns with our local and global and local ambitions for greener maritime operations. AD Ports Group’s commitment to a sustainable future is underscored by adopting such technologies, contributing to the overall reduction of greenhouse gas emissions in the maritime sector.”

Kommer Damen, Chairman of Damen Shipyards Group said “We are very pleased that the first electric tug in the Middle East is going to be undertaking operations for SAFEEN Group. The RSD-E 2513 has garnered recognition within the maritime industry, winning the ‘Tug of the Year’ award at the 2022 International Tug & Salvage Awards. This accolade emphasises the vessel’s innovative design and its contribution to environmental sustainability.”

Dubai ranks first in the Arab World in 2024 Leading Maritime Cities report

Article Source: Emirates News Agency - WAM Sunday, April 28, 2024 by Tariq Al Fahaam

DUBAI, 28th April, 2024 (WAM) -Dubai has once more showcased its appeal as an international maritime hub in the 2024 Leading Maritime Cities (LMC) report, securing the top spot in the Arab world and ranking 11th globally, moving up two places compared to the previous report in 2022. Dubai’s impressive showing as a maritime centre received due recognition in an international report launched recently in Singapore by DNV and Menon Economics, companies specialising in evaluating maritime capitals worldwide.

ACCORDING to the report, Dubai’s rise in the Leading Maritime Capitals index for 2024 is attributed to five key factors: shipping centres, maritime technology, ports and logistics, attractiveness and competitiveness, as well as financial and legal aspects. The report also highlighted Dubai’s accent on green technology in the maritime sector.

Sultan Ahmed bin Sulayem, Chairman of

the Ports, Customs, and Free Zone Corporation (PCFC), expressed pride in the achievement, attributing it to the efforts of the Dubai Maritime Authority (DMA) within PCFC in enhancing Dubai’s leading position on the global maritime map. The visionary leadership and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the constant support from His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, were instrumental in every success Dubai notched on the global stage, he added.

Strategic plans and initiatives

Bin Sulayem noted that the Dubai Maritime Authority spearheads Dubai’s progress on this front through a comprehensive range of strategic plans and initiatives aimed at enhancing the maritime sector’s competitiveness, serving as a key driver for sustainable growth and development. He praised the specialised teams working within the PCFC for playing an integral part in the accomplishment that adds to Dubai’s many notable firsts and inspires its quest to continue striving for global excellence and enhancing maritime services.

He also expressed his appreciation for the efforts of all partners involved in achieving the milestone, emphasising the PCFC’ efforts in strengthening strategic partnerships between

Dubai and leading global maritime hubs, fostering effective dialogue, collaboration, and the exchange of best international practices in research, development, innovation, and maritime services.

Innovation focus

Dr. Sheikh Saeed bin Ahmed bin Khalifa Al-Maktoum, the Executive Director of the DMA, reiterated the Authority’s commitment to leveraging research, development, and innovation to enhance integrated logistics programmes in keeping with the highest professional safety standards, best environmental practices, and local and international regulations, positioning Dubai as a global leader.

“This is a clear indication of the effectiveness and efficiency of Dubai Maritime Authority’s comprehensive development strategy. Dubai’s achievements in the Leading Maritime Capitals index reflect its strength and economic attractiveness, distinguishing its position as a global hub for security and stability, leading in advanced areas of security, technology, financial matters, and green technology,” he added.

In addition to the LMC ranking, Singapore has retained its title as the leading maritime city in the world for 2024, while Dubai led the Arab maritime capitals and ranked 11th globally, showcasing initiatives within its strategic plans to advance its global position and excel in this vital sector.

Dubai SME provides Dh233 million worth of support in 2023

Establishment supported over 2,900 new businesses and over 1,100 Emirati entrepreneurs

In 2023, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) significantly advanced Dubai’s SME sector With total incentives and services valued at AED 233.4 million, Dubai SME facilitated the creation of 2,937 new businesses and supported 1,186 Emirati entrepreneurs. The Mohammed Bin Rashid Fund for SME provided AED 11.8 million to 16 projects, and 46 technology start-ups received support from the Hamdan Innovation Incubator (HI2). Around 100 businesses benefited from Dubai SME’s entrepreneurship promotion services.

SINCE its inception in 2002, Dubai SME has supported 16,443 national companies and provided services to 50,131 entrepreneurs. By 2023, the cumulative value of incentives and services reached AED 1.5 billion. Training services and diploma programs benefited 46,209 entrepreneur trainees, while 118 projects received AED 103.14 million from the Mohammed Bin Rashid Fund for SME. Additionally, 3,400 businesses utilized its entrepreneurship promotion services.

Major developments in 2023 included the adoption of a new strategic model by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, targeting 27,000 new Emirati businesses, 8,000 entrepreneurs, 86,000 new jobs, and contributing AED 9 billion to Dubai’s GDP. The certified incubator network in Dubai, with 17 accredited incubators, supported innovative ideas, with six operating within educational institutions to foster student entrepreneurship.

Dubai SME also launched a business facilitation center in Hatta to support young entrepreneurs, offering services like tax-free business licenses and training workshops. The Supply Chain Readiness Programme, in collaboration with the Chartered Institute of Procurement & Supply (CIPS), empowered 41 Emirati SME suppliers and conducted discussions with 32 procurement leaders to integrate SMEs into local supply chains.

Other notable initiatives included the launch of iAccel Gulf Business Incubator LLC, The Co-Kitchen, and Dubai SME’s participation in Gulfood 2024, Global Village, and Expand North Star 2023, showcasing the best UAE start-ups and fostering strategic ties with global stakeholders.

This information has been gathered from the Emirates News Agency (WAM), courtesy of their article published Tuesday, April 16, 2024.

Veolia, through its RECAPP service, and TotalEnergies in UAE join forces for first-of-its-kind recycling initiative of lubricant containers in Dubai

Article Source: totalenergies.com Dubai, January 24, 2024

In a significant step towards boosting recycling capacities of the country, Veolia through its RECAPP service and TotalEnergies Marketing Middle East (TEMME) have forged a new partnership for a sustainability initiative to roll out an innovative recycling solution across TotalEnergies service centers in UAE.

AS part of the partnership, Veolia through its RECAPP service will help TotalEnergies optimize its endof-life product recovery and recycling process, enabling the company to contribute positively to the environment. This collaborative effort will involve recycling over 40,000 lubricant containers per year through shredding with oil containment separation process, followed by processing, grinding and transforming them to Recycled High Density Polyethylene (rHDPE) recycled plastics, ready as secondary raw material produced by eCyclex – a Dubai Municipality approved recycling facility. This initiative is first-of-its-kind in the automotive industry and aligns with TotalEnergies’

As a responsible multi-energy company, TotalEnergies continuously strives to encourage the adoption of responsible waste management practices. With RECAPP, TotalEnergies aims to work with our network of service centers to promote a circular economy for plastics, optimize waste management in the region and align with the UAE Circular Economy Policy 2021 – 2031.

sustainable development approach.

Jérôme Viricel, General Manager of RECAPP at Veolia Near & Middle East, said: “We are thrilled to formalize this important partnership and launch our new recycling initiative. While utilizing RECAPP’s years of expertise in the field, the initiative will further promote the recyclability of empty plastic lubricant containers sold by TotalEnergies’ service center partners by helping to divert these containers from landfills and repurpose them in a new way, boosting broader recycling initiatives in the country. It’s an important step towards promoting sustainable practices and addressing environmental challenges in the UAE, particularly as the country observed 2023 as the Year of Sustainability and hosted COP28 two months ago.”

Thomas Vigneron, Managing Director at TotalEnergies Marketing Middle East, said: “As a

responsible multi-energy company, TotalEnergies continuously strives to encourage the adoption of responsible waste management practices. With RECAPP, TotalEnergies aims to work with our network of service centers to promote a circular economy for plastics, optimize waste management in the region and align with the UAE Circular Economy Policy 2021 – 2031.”

The initiative is a pilot project, with plans to extend the concept to a larger array of service centers in the future. It contributes to global efforts on transformation toward circularity and closing the plastic loop. In particular, it contributes to UAE’s efforts to curb plastic pollution. UAE recently launched an integrated program to monitor plastic waste in the marine and coastal environment of the country, and shall be imposing a nationwide ban on singleuse plastic bags starting January 2024.

Maktoum

bin Mohammed and Theyab bin Mohamed witness signing of MoU between RTA and Etihad Rail at WGS

The directives of Mohammed bin Rashid call for enhancing coordination among government institutions and exchanging pioneering expertise between entities.

Article Source: etihadrail.ae - ER Communications 14 Feb 2024

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, and His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, witnessed the signing of an MoU between RTA and Etihad Rail. The signing of the MoU marks the inaugural step in a collaborative effort, that aligns with Etihad Rail’s innovative booking applications for future passenger services. The signed agreement will see, the RTA develop one of various ticket booking and fare payment solutions through its nol system, for Etihad Rail services.

THE signing of the MoU, which came during the World Governments Summit (WGS) 2024, marks the first step in a joint venture which will see the RTA developing ticket booking and fare payment solutions through its nol system.

The MoU supports the UAE Digital Government

The directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, call for enhancing coordination and collaboration among government institutions, exchanging pioneering expertise between entities, establishing a unified digital platform, and developing shared digital capabilities. The ultimate goal is to offer integrated, userfriendly, and efficient digital services

Strategy 2025 and the Dubai Digital Strategy aiming for a digital transformation in Dubai.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said, “This MoU will foster integration among federal and local entities. It is an important step to introduce ticket reservation and payment systems which will be available to Etihad Rail’s passengers across the UAE. It marks a milestone in driving the integration between RTA’s transport modes and Etihad Rail, which represents a massive addition to the UAE’s mass transportation.

“The directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, call for enhancing coordination and collaboration among government institutions, exchanging pioneering expertise between entities, establishing a unified digital platform, and developing shared digital capabilities. The ultimate goal is to offer integrated, user-friendly,

and efficient digital services,” he added.

Commenting on the agreement, His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan stressed the importance of the partnership between Etihad Rail and the RTA in unifying their collective endeavours, enabling Etihad Rail to leverage RTA’s expertise in deploying smart technologies and solutions to support Etihad Rail’s efforts to operate trains for passengers across the country that are safe, reliable, convenient and in line with global standards. He also noted that these plans are a key part of the broader framework of the national railway network, which, in a short period and thanks to the directives of the country’s wise leadership, has achieved a leading position within the growing transportation and infrastructure sectors in the UAE. Consequently, driving economic development through a diverse and inclusive workforce, in line with the UAE’s position as a regional and global transportation hub.

The agreement was signed by His Excellency Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of the RTA and His Excellency Shadi Malak, CEO of Etihad Rail.

The partnership between Etihad Rail and RTA aims to bolster Etihad Rail’s efforts to develop high-standard passenger trains, ensuring a safe, reliable, and convenient travel experience across the national railway network. Under the guidance of the UAE’s leadership, this network has quickly achieved a high standing, playing a significant role in enhancing the UAE’s transport and infrastructure ecosystem. Additionally, it contributes to the development of a diversified and comprehensive national economy, in line with the UAE’s status as a key regional and global transportation hub.”

His Excellency Mattar Al Tayer said, “This MoU supports the integration of public transportation systems with Etihad Rail aiming to offer seamless travel experiences for passengers across Dubai and other emirates by train. This initiative also aligns with nol’s strategy to broaden the use of nol cards across a variety of services, products, and solutions offered by external partners from both government and private entities.

This signing is in line with Etihad Rail’s commitment to providing smart transportation solutions for future passengers, who will benefit from the nol card in addition to a

number of other ticketing mechanisms and Etihad Rail services, in accordance with global standards and best practice.

It seeks to enhance nol card users’ experience by consolidating multiple services into a single card, thereby contributing to the development of the national public transportation system through the implementation of a comprehensive first and last-mile strategy. Moreover, this initiative further supports RTA’s goal of expanding collaboration with various entities, particularly those involved in public transportation in line with the top international standards and practices.”

nol Card

The nol card is a versatile smart card used for paying transportation fares across the RTA’s public transport networks in Dubai. Additionally, it serves as a means to pay for parking fees at RTA parking zones. It can also be used to pay for entry fees at various attractions such as the Etihad and Shindagha museums, as well as the Dubai Ladies Club, alongside making purchases at select retail stores. In 2023, the daily average of the nol card use amounted to 2.5 million payment transactions valued at more than AED2 billion. The number of active nol card users has surpassed five million, with over 30 million cards being sold since the system was introduced in September 2009.

RTA had recently contracted a project to

upgrade the existing nol system, which involves transitioning from traditional plastic card technology to a more sophisticated system supported by digital payment technologies known as Account Based Ticketing, aligning with the top international practices with an estimated cost of AED350 million.

The project aims to introduce a digital payment system using central transportation tariff wallet technology, fostering seamless integration among various transportation modes in Dubai. It offers numerous advantages and benefits, including the comprehensive advancement of payment system technologies to meet the rigorous standards of electronic and financial security. Moreover, it focuses on operational enhancements and maximising the benefits from the system-generated data, while also tailoring services and products to meet individual customer needs.

RTA rolled out the nol Card on September 9, 2009, coinciding with the launch of the Dubai Metro. Since then, the card has eased the movement of public transportation users and streamlined the payment of public parking fees in Dubai. In 2017, RTA expanded the card’s uses to encompass payment services at retail stores and entry fees to various public and private facilities across Dubai. This expansion resonates with RTA’s digital strategy aiming to broaden nol Card services.

Mafhaa Ship Management Sets Sail for Success

Established with a vision to redefine maritime excellence, Mafhaa Ship Management (Mafhaa) has carved a niche for itself in the industry. Its ethos revolves around ensuring the safety, efficiency, and sustainability of maritime operations, all while adhering to the highest standards of quality and compliance.

MAFHAA was incorporated in 2023 in UAE to serve all segments of the shipping industry. The company is run by a highly committed & professional team, targeting to add value to our clients by helping them efficiently manage shipping projects & creating maximum benefits.

Mafhaa established the office in the UAE due to its strategic position as a hub for the maritime industry. The UAE’s geographical location offers access to key international shipping routes, facilitating efficient logistics and expanding Mafhaa’s global reach. Additionally, the country’s advanced ports and maritime infrastructure provide modern facilities for vessel servicing and operations. The UAE’s business-friendly environment, supportive government policies,

We provide bespoke technical management solutions tailored to the unique needs of each project. Our services span from overseeing new builds, trials, and yard deliveries to comprehensive vessel management, covering crewing, procurement, maintenance, insurance, and adherence to class and flag state regulations.

and robust legal framework make it an attractive destination for maritime companies seeking expansion. By establishing a presence in the UAE, Mafhaa can tap into the vibrant maritime ecosystem, forge strategic partnerships, and stay updated on industry trends, driving sustainable growth and enhancing its operations regionally and globally.

In a statement released by Team Lead Ateefa Sara, she elaborated on Mafhaa’s customized approach to technical services. She emphasized, “We provide bespoke technical management solutions tailored to the unique needs of each project. Our services span from overseeing new builds, trials, and yard deliveries to comprehensive vessel management, covering crewing, procurement, maintenance, insurance, and adherence to class and flag state regulations. Our holistic approach encompasses Technical Management, Crew Management, and Commercial Management, ensuring seamless operation and optimal performance of every vessel under our care.

Furthermore, Mafhaa joined BluePass to bolster business development and operational efficiency in the maritime sector. BluePass offers a collaborative digital platform for members to access real-time information, fostering transparency and standardization. By joining in BluePass, Mafhaa gains access to valuable insights and resources, enabling it to benchmark performance and implement proactive measures across its fleet. Ultimately, Mafhaa’s involvement in BluePass aligns with its commitment to promoting a culture of digitization, collaboration and innovation for a safer and more sustainable maritime industry.”

UAE Space Agency Unveils Significant Milestones in Emirates Mission to the Asteroid Belt

Article Source: space.gov.ae

on 21 Feb 2024

The Emirates Mission to the Asteroid Belt (EMA) team conducted a preliminary design review for the mission and discussed its latest developments, from 19 to 21 February. This is a major milestone for the mission’s production phase as it ensures the mission’s safety and success.

HIS Excellency Salem Butti Al Qubaisi, Director-General of UAE Space Agency, said: “Today, the UAE plays a decisive role in shaping the global space exploration map, by adopting ambitious missions and applying the highest quality and safety standards in its space missions.”

Al Qubaisi added: “The final phase of the mission’s design is more than just a technical step. It reflects our strategic vision and continuous development to support the achievement of the mission’s scientific goals and enhance our position as pioneers in this vital sector.”

Al Qubaisi continued: “We affirm our commitment to advancing and making more achievements that contribute to promoting the scientific progress of humanity, and inspiring a new generation of scientists and explorers. We also aim to expand strategic partnerships with scientific and academic institutions locally and globally, to enrich our mission with knowledge

and technological resources and increase our chances of success in current and future missions.”

The meetings were attended by the EMA team, UAE Space Agency leadership and employees, strategic and knowledge partners, as well as organisations and institutions from the public and private sector in the UAE.

EMA consists of a six-year spacecraft design and development phase followed by launch and a seven-year mission to the main asteroid belt beyond Mars, performing a series of close flybys to make a series of observations of seven main belt asteroids, and finally landing on Justitia. The MBR Explorer will carry advanced scientific devices that will work together to achieve the mission’s scientific objectives. The mission’s objectives focus on understanding the origins and evolution of water-rich asteroids and evaluating the possibility of using asteroids as resources for future space exploration missions.

The mission will measure the surface composition, geology, interior density, temperatures, and thermophysical properties of multiple asteroids in the main asteroid belt to analyse their surface evolution and history.

Mohsen Al Awadhi, Mission DirectorEmirates Mission to the Asteroid Belt, said: “EMA’s national team includes graduates of the National Space Academy, one of the initiatives of the National Space Fund, which plays a pivotal role in enhancing the sustainability of national space programs and promoting human development.”

Al Awadhi added: “This expansion supports

the UAE’s efforts to develop its capabilities in space science and exploration, by investing in local talents and cultivating their scientific and technical skills.”

Al Awadhi noted: “To promote national cooperation and knowledge transfer, a number of local companies will lead the design of the lander on Justitia. This includes 971Space and Sadeem Space Solutions. This collaboration will nurture the UAE’s space sector, support the advancement of local manufacturing and development capabilities, and create new opportunities for the private sector.”

A group of academic partners and hardware development partners are participating in the mission, including: Khalifa University, New York University Abu Dhabi (NYUAD), National Space Science and Technology Center (NSSTC) at the UAE University, the Technology Innovation Institute (TII), Yahsat, in addition to local and international partners from the private sector, and local and international organisations, institutions, and universities such as the Italian Space Agency, the University of Colorado Boulder, and the University of Arizona.

Following the announcement of the mission, the UAE Space Agency hosted the ‘Space Means Business’ workshop, as part of a series of local and international workshops. Attracting more than 160 participants from the UAE and abroad, the workshop shed light on EMA’s business opportunities, as well as the support and expertise that the mission is offering participants in the rapidly growing global space market.

AD Ports Group Secures a 20-Year Agreement to Operate and Upgrade the Existing Luanda Multipurpose Port Terminal in Angola

~ Agreements with Unicargas, Multiparques, and the Luanda Ports Authority Extend the Group’s ~ ~ Presence Along the Important Asia to Southern and West Africa Trade Lane ~ ~ New Joint Venture to modernise local and regional logistics services ~

Article Source: Abu Dhabi, UAE and Luanda, Angola – 23 April 2024: AD Ports Group (ADX: ADPORTS)

AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has signed several agreements with Unicargas and Multiparques leading to securing a 20year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola.

THE agreements with Unicargas and Multiparques, well-known logistics and transport companies in the country, saw the Group acquire an 81% stake in a joint venture that will operate the terminal, and a 90% stake in another joint venture that will serve the facility and the broader Angolan logistics market.

AD Ports Group has committed USD 251 million towards the modernisation of the terminal and development of the logistics business over the next three years (2024-2026), with this investment potentially increasing to USD 379 million over the concession term and in line with market demand.

Serving as Angola’s dominant maritime gateway along the corridor, the Port of Luanda plays an important role in Angola’s domestic economy by handling more than 76% of the country’s container and general cargo volumes. It is well situated to capture the anticipated growth in the country’s container volumes, which are projected to rise at an average annual rate of 3.3% over the next decade. In addition, it serves as one of the main transhipment hubs for Central-West Africa by enabling maritime trade access to land-locked countries, including the Democratic Republic of Congo and Zambia.

Ricardo Daniel Sandão Queirós Viegas de Abreu, Minister of Transport, Angola, said: “The Port of Luanda is not just Angola’s main maritime gateway; it is a critical hub for regional trade and economic vitality. Through our strategic partnership with AD Ports Group, which is part of a broader effort involving multiple first-class stakeholders, we will transform the port into a modern, multifaceted facility that will significantly enhance our logistic capacities and stimulate economic growth across Central-West Africa. This collaboration marks a significant milestone in our mission to modernise infrastructure and expand global trade access, promising a prosperous future for Angola and its partners.”

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “The milestone agreements we signed today with our Angolan partners, deliver on last year’s framework agreement signed between AD Ports Group and the Government of Angola in the presence of His Excellency Sheikh Shakhbout bin Nahyan Al Nahyan, Minister of State for Foreign Affairs. Supported by the vision of our wise leadership, the multipurpose terminal will be modernised to attract business from leading global shipping lines and offer the highest levels of service efficiency and quality, thereby benefitting our nations, partners, stakeholders and customers.”

Joaquim Nazaré Pimentel da Piedade, Unicargas Management Committee Coordinator, said: “At Unicargas, we view our partnership with AD Ports Group as a transformative opportunity to leverage global expertise and resources, to accelerate the modernisation and expansion of the Port of Luanda and logistics infrastructure. Together, we are committed to unlock new potentials, foster economic growth, and establish Angola as a key player in the global maritime trade landscape.”

Mohamed Eidha Tannaf AlMenhali, Regional CEO – AD Ports Group, said: “We are pleased to see these landmark agreements come to fruition, as Angola is a very important partner for our Group. We look forward to working with Unicargas and Multiparques’ local management and on-ground teams to leverage our respective expertise and capacities to ensure a smooth transition and bring new opportunities for business growth and development.”

Under the terms of the terminal concession agreement, the joint venture will significantly upgrade the existing multipurpose facility to a container and Ro-Ro terminal, encompassing an enlarged concession area (178,000 sqm to 192,000 sqm); an upgraded quay wall; additional ship-to-shore cranes, gantry cranes and other stateof-the-art equipment; expanded draft (9.5 metres to 16 metres); and, modernised IT systems.

Redevelopment of the terminal is expected to

be completed in Q3 2026, ultimately boosting its container handling volumes from 25,000 TEUs to 350,000 TEUs, and Ro-Ro volumes to over 40,000 vehicles. During the 3-year redevelopment, the terminal’s container volumes will be handled at a nearby berth, while excess volumes will be moved to Multiparques’ Viana inland container depot (ICD), thereby minimising any impact to customers.

Furthermore, the Group’s other joint venture with Unicargas will provide integrated logistics and freight forwarding services for local, regional and international clients. The business, to be operated by Noatum Logistics, part of AD Ports Group, will manage the movement of containers to Viana ICD and offer short and long-haul transport within Angola and to the neighbouring countries, leveraging Noatum’s broad global expertise, infrastructure and logistics networks combined with the knowledge, capacities and assets of the local Unicargas team.

Specifically, Noatum will assume management and operations of Unicargas’ existing fleet of trucks and different logistics sites located across the country. In addition, it will boost the business’ capacity by investing in new machinery, reefer and flat-bed trucks and upgrading its IT systems to plug in seamlessly across Noatum Logistics’ digital ecosystem - thereby providing for full end-to-end supply chain visibility and enhanced operational efficiency.

In addition, AD Ports Group is also exploring opportunities to support Angola’s offshore industry and other maritime sectors, through its Maritime & Shipping Cluster, and deploy assets such as work accommodation vessels, passenger ferries, platform supply vessels, and other maritime craft and infrastructure.

With a population of 34.5 million, growing at a rate of 3.2%, and a GDP of USD 74 billion, the Republic of Angola is considered the sixth largest economy in sub-Saharan Africa and a sizable domestic market also requiring meaningful gateway cargo volumes.

Through an agreement with SKF, ENOC’s EPPCO Lubricants introduces revolutionary RecondOil technology in the UAE

Article Source: enoc.com 01 May 2024

EPPCO Lubricants, the joint venture between ENOC and Chevron, signed an agreement with SKF, a global leader in bearing and seal manufacturing, to introduce SKF RecondOil technology to the UAE.

BASED on a ground-breaking double separation system, SKF RecondOil filtration technology cleans the oil in service by removing harmful nano-particles that are known to cause varnish and wear of mechanical components. By increasing the lifespan of lubricant, this unique technology supports circular economy making industrial lubricant a reliable asset instead of a costly consumable.

EPPCO Lubricants, recognised for its lubricant expertise, is the sole distributor of SKF RecondOil filter across the UAE. After two years of rigorous technical evaluation, EPPCO and SKF have ensured that RecondOil delivers unparalleled value by providing users with enhanced system longevity and reduced carbon emissions.

The agreement was signed by Rashid Al Ameeri, General Manager at EPPCO Lubricants and Nihad Dzinalija, Regional Manager, Middle East, EMEA, at SKF Eurotrade, in Dubai in the presence of executives and employees from both entities.

His Excellency Saif Humaid Al Falasi, Group CEO, Enoc, and Chairman, Eppco Lubricants board said: “We invest in next-generation and clean technologies through our focus on acquiring innovative solutions that add to our operational efficiency. Our latest partnership with SKF will offer our growing base of customers access to a revolutionary lubricant filtration technology that is sustainable and will prevent the oil from aging, ensuring optimal performance. We are confident that this strategic partnership will fulfil the current market requirement providing customers with reliable oil solutions.”

Sandro Chervatin, Director Sales Italy, Iberic, Turkey & ME, SKF, said: “RecondOil is a proven innovative technology, a patented double-separation nanoparticle technology for oil filtration that re-uses used oil and reduces environmental impact. This cuttingedge technology involves a comprehensive understanding of lubricant industry, precise matching of oil with the filter, and an ongoing oil analysis program to monitor filtration performance.”

EPPCO Lubricants, a joint venture between ENOC, a Dubai Government conglomerate and Chevron Al Khaleej, part of Chevron, distributes

We invest in next-generation and clean technologies through our focus on acquiring innovative solutions that add to our operational efficiency. Our latest partnership with SKF will offer our growing base of customers access to a revolutionary lubricant filtration technology that is sustainable and will prevent the oil from aging, ensuring optimal performance. We are confident that this strategic partnership will fulfil the current market requirement providing customers with reliable oil solutions

ENOC & Caltex branded lubricants and greases in the UAE, providing top quality lubrication products and services to various industries ranging from the automotive to industrial, manufacturing, and marine businesses.

SKF is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products,

mechatronics products, power transmission products, condition monitoring systems and related services globally. SKF is the world’s largest bearing manufacturer and employs 44,000 people in 108 manufacturing units. It has the largest industrial distributor network in the industry, with 17,000 distributor locations encompassing 130 countries.   SKF is one of the largest companies in Sweden and among the largest public companies in the world.

EDGE Group and Shipbuilding Giant Fincantieri Launch Multi-Billion Euro Joint Venture

~ Agreement will create a UAE-based naval manufacturing pipeline worth an estimated 30 billion euro~ ~ Landmark agreement signed in Rome by EDGE MD & CEO and Fincantieri CEO & MD, in the presence of Undersecretary of State for Defence, Chief of the Italian Navy and Secretary General of Defence/National Armaments Director

Article Source: Abu Dhabi, UAE/ Rome, Italy: 21 February 2024 – EDGE

EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, have entered into an agreement aimed at creating a joint venture (JV) to capitalise on global shipbuilding opportunities with a focus on the manufacturing of a broad range of sophisticated naval vessels. EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately 30 billion euro, with management direction provided by Fincantieri. The Abu Dhabi-based JV will be awarded prime rights to nonNATO orders, especially leveraging on the attractiveness of UAE G2G arrangements and export credit financing packages, along with a number of strategic orders placed by select NATO member countries.

DURING a recent visit to Rome, Italy, the term sheet to create the JV was formalised through the signatures of Hamad Al Marar, Managing Director and CEO of EDGE Group, Pierroberto Folgiero, CEO and Managing Director of Fincantieri and Dario Deste, General Manager of the Naval Vessels Division of Fincantieri. This agreement grants the JV strong cooperation to market its products with the Navy of different countries in the world, underlining its global ambition and commitment to developing joint intellectual property and future designs. This strategic agreement significantly enhances EDGE’s ability to design and build frigates and other large vessels, broadening its range of operations and marking a crucial advancement in the diversification of its maritime solutions portfolio. The JV also harbours ambitions to develop an underwater program for mid-size submarines. The incorporation of the JV is subject to a series of conditions precedent, customary for an agreement for this kind.

Hamad Al Marar, EDGE Group Managing Director and CEO, said: “Through this transformative joint venture with Fincantieri, we are not just expanding EDGE’s diverse capabilities in shipbuilding but setting a new benchmark

for collaboration and knowledge exchange in the global maritime industry. This partnership embodies our commitment to innovation, leveraging Fincantieri’s unmatched expertise to explore opportunities in the global market. This venture is a testament to our strategic vision of growth through collaboration, promising a future of technological advancements and enhanced naval defence solutions.”

The JV will concentrate on sales, commercial operations, and engineering for design and service, taking charge of developing shared intellectual property and retaining exclusive rights to all future designs. Furthermore, the JV will set up a dedicated design authority, opening up opportunities for highly skilled Emiratis, and drawing in international expertise to support this innovative and strategic initiative.

Pierroberto Folgiero, Fincantieri Group CEO and Managing Director, said: “We are honoured and eager to join forces with EDGE Group with the aim of creating a unique industrial platform able to address with maximum entrepreneurship and distinctive competencies the sizable market opportunities originated in UAE and from UAE to the international markets”.

Fincantieri brings to the table an illustrious history and extensive future proof expertise, having constructed over 7,000 ships, and its role as a key supplier to various navies and the cruise ship industry. This collaboration represents a pivotal step in redefining global naval shipbuilding, emphasising both companies’ leadership in high-value segments and their commitment to innovation, expertise, and global expansion.

UAE’s NMDC Energy receives EPC Contractor of the Year Award

In a significant recognition of outstanding achievement within the oil and gas industry, NMDC Energy has been honored with a prestigious award by Oil & Gas Middle East for the year 2024. The company has been named the EPC Contractor of the Year, while its yard has been acknowledged as the Best Modernized Yard in the Middle East. This double accolade underscores NMDC Energy’s unwavering commitment to excellence and innovation in the field.

RECEIVING the title of EPC Contractor of the Year is a testament to NMDC Energy’s exceptional performance in engineering, procurement, and construction (EPC) projects. This recognition highlights the company’s proficiency in delivering top-notch services, adhering to strict timelines, and surpassing client expectations. Through a combination of expertise, dedication, and strategic collaboration,

which has consistently demonstrated its ability to execute complex projects with precision and efficiency.

The company’s yard serves as a hub of innovation, equipped with cutting-edge facilities and processes that optimize efficiency, safety, and sustainability. By continuously modernizing its operations, ensures seamless project execution and sets a benchmark for excellence in the region.

DP World and Sabah Ports to Bolster Handling Capacity at Sapangar Bay Container Port in East Malaysia

Article Source: dpworld.com Sabah, Malaysia, 24 April 2024: DP World

The partnership will more than double Sapangar Bay Container Port’s handling capacity and establish Sabah as a trade hub for economies in the East ASEAN Growth Area.

DP World and Malaysia’s Sabah Ports Sdn. Bhd today established a partnership to manage Sapangar Bay Container Port (SBCP) to cement SBCP’s position as the premier regional trade hub for the Brunei Darussalam-Indonesia-MalaysiaPhilippines East ASEAN Growth Area (BIMPEAGA)1.

Sabah Ports Sdn. Bhd is a wholly owned subsidiary of Malaysian public listed investment holding company, Suria Capital Holdings Bhd.

The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and Datuk Ng Kiat Min, Managing Director for Sabah Ports Sdn. Bhd.

With this partnership, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 TEUs to 1.25 million TEUs by 2025. Investments will also be made to optimise terminal workflows, accelerate digitalisation for greater operational efficiency and to increase the port’s connectivity.

Datuk Ng Kiat Min, Managing Director for Sabah Ports Sdn. Bhd., said, “Sapangar Bay Container Port is an important driver of development in Sabah. As we consider the

With its strategic location and abundance of natural resources, Sabah is wellpositioned to reap the immense growth opportunities in the BIMP- EAGA region and beyond. Sapangar Bay Container Port plays a critical role in realising these ambitions. We are honoured to bring our experience in operating ports, to support

SBCP’s transformation journey. In partnership with Sabah Ports, we will apply industry-leading practices to elevate SBCP into a hub port for BIMP-EAGA markets, supported by an ever-growing network of inland container depots, industrial parks, logistics parks and free zones across Sabah.

future of SBCP, we are pleased to have onboard a partner like DP World who will lend their global expertise in managing ports and building supply chain networks to help optimise SBCP’s operations, which in turn will catalyse increased trade through Sabah and benefit communities and businesses around the state.”

“The synergy with DP World can potentially address the challenges of high logistics cost faced in Sabah, through the establishment of a strong shipping network and expansion of cargo base. The venture is expected to not only impact Sabah’s shipping and logistics industry but will also lead to economic growth in view of market confidence, thus attracting economic investments and infrastructural upgrades in transport, logistics and along the supply chain,” she continued.

This is a new milestone in the long-term collaboration between DP World and Sabah Ports. In 2019, the two parties signed an agreement to jointly develop solutions to enhance SBCP’s

competitiveness and drive cargo creation in Sabah’s hinterlands. In the long run, the vision of the collaboration is to improve landside and seaside connectivity throughout Sabah, reduce transit costs and time, and raise performance standards across the state’s entire supply chain.

Sabah has huge potential as a destination for business and industrial development. Within just a 5-day sail-time radius from the state is an area home to more than 2.2 billion people and accounting for over 40% of global manufacturing output. Sabah is also rich in natural resources, such as timber and oil. Its fisheries sector holds particular importance and was the second largest contributor to Sabah’s GDP in 2023. With projected enhancements to SBCP’s cold chain storage and transport capabilities, such agricultural products can be more seamlessly processed and exported to international markets, thereby opening new avenues for growth.

GULFNAV records net profits of AED 21 million in 2023 (42% increase in Shareholders’ equity)

Article Source: gulfnav.com - Dubai, UAE, 31 March 2024: Gulf Navigation Holding PJSC (“GULFNAV”)

Gulf Navigation Holding PJSC (“GULFNAV”) the Dubai Financial Market listed maritime and shipping company, announced its annual audited financial results of 2023, reporting a net profit of 21 million dirhams compared to a net loss of 7.6 million dirhams in 2022.

MAJOR HIGHLIGHTS:

Gross profit for the year reached AED 9.6 million mainly driven by the chartering business.

Total assets as of 31 Dec 2023 were AED 1 billion compared to AED 785 million in 2022.

Shareholders’ equity increased by 42% reaching AED 596 million in 2023, compared to AED 419 million in 2022.

Gross revenues from operation for the year decreased by 23% to 106 million mainly due to necessary repairs and & Dry Docking of vessels however, other revenue and income increased by %64 to AED33 million as a result of the resources management and restructuring.

A YEAR OF ACHIEVEMENTS

Commenting on the results, His Highness Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan, Chairman of Gulf Navigation Holding said:” During the year 2023, we have come a long way in achieving our strategic priorities, as we were able to successfully complete several measures that have improved the Company’s financial and operational results, which in turn led to achieving net profits”.

Total shareholders’ equity increased by 42% to 596 million dirhams as of 31 Dec 2023, compared to 419 million dirhams in 2022. Operating costs decreased by 18% to 96 million

The great results achieved by the Company over the past year confirm the success of our long-term growth strategy, and the firm confidence of our partners and customers in the measures taken by the Board of Directors and the initiatives that were adopted during the past period to improve the Company’s situation and address all outstanding financial matters, completing the capital restructuring process, taking the necessary measures to improve the vessels’ performance and continuing to focus on the growth strategy and diversification of sources of income, in addition to reducing the cost of debt

dirhams in 2023, compared to 117 million dirhams during the same period in 2022. The company also reduced financing costs by 32%.

Sheikh Theyab added: “The strong financial results achieved by GULFNAV over the past year reflect the effectiveness of the restructuring plan, excellent management team, and efficient growth and diversification strategy. The Company continued to achieve outstanding performance during 2023, supported by the high demand for our services, entering into strategic partnerships, increased revenue margins and the continued implementation of firm measures to control administrative and operational costs.”

Ahmed Kilani, CEO of Gulf Navigation Holding, said: “The great results achieved by the Company over the past year confirm the success of our longterm growth strategy, and the firm confidence of our partners and customers in the measures taken by the Board of Directors and the initiatives that were adopted during the past period to improve the Company’s situation and address all outstanding financial matters, completing the capital restructuring process, taking the necessary measures to improve the vessels’ performance and continuing to focus on the growth strategy and diversification of sources of income, in addition to reducing the cost of debt.”

NEW LIQUIDITY

It is worth mentioning that GULFNAV

announced during 2023 its success in completing the process of increasing the Company’s capital, bringing its new capital to approximately 838 million dirhams. This process was carried out through the issuance of 220 million mandatory sukuk to new investors, which have already been converted into 200 million shares. The new funds will contribute to increasing and modernizing the GULFNAV’s fleet of petrochemical tankers and enhancing the Company’s ability to own and manage these types of vessels.

In this regard, Kilani said: “We succeeded in the implementation of the capital increase process and transforming the Company from loss making to profit making within three years, which culminated in completing the capital restructuring process and attracting new investors that have injected the necessary funds the Company needs in order to expand and increase its maritime fleet with the aim of achieving tangible and sustainable returns for our valued shareholders and ensuring the sustainability of the Company’s success in Next years.”

PARTNERSHIPS AND ACQUISITIONS

“In light of the Company’s strategy which aims at diversifying investments and enhancing shareholder value, we established Black Marlin Ship Management & Operation, a Dubai-based joint venture with Scorpio Services Holding

Limited. This cooperation will integrate the superior technical resources of the two sides, strengthen the technical management and intelligent quality control system of ship operations, improve the benefit and efficiency of ship operations management, fill the gap in domestic high-end comprehensive maritime services, and provide higherquality and more efficient services for our clients.” Kilani added.

GULFNAV had also announced in late 2023 its complete acquisition of Gulf Navigation Polimar Maritime Company, which specialized in the field of maritime agency services. Thus, increasing GULFNAV’s stake from 60% to 100%. This was aimed at increasing revenues by expanding into the maritime agency business in line with the Company’s strategy of focusing on providing a portfolio of integrated logistics solutions.

Kilani added: “One of the Company’s objectives in the coming years is to focus on modern technology and environmentally friendly initiatives, in line with the policy adopted by the United Arab Emirates as well as the requirements of the global shipping sector. This includes a focus on achieving carbon neutrality by 2050, in accordance with recommendations from relevant local and international authorities. Therefore, at the beginning of this year, we signed a Memorandum of Understanding with Wings Logistics Hub for the purpose of cooperating in the field of maritime transport by employing

drones in the services of shipping agencies through the ports of the United Arab Emirates. We expect the Company to benefit from drone technology to overcome logistical challenges, as it is more cost-effective compared to traditional methods such as crew boats, which rely mainly on fuel and personnel, and it also contributes to reducing carbon emissions.”

It is worth mentioning that GULFNAV had announced, last October, that it had submitted a formal proposal to fully acquire BPGIC from Brooge Energy Limited, an Oil Refinery & Storage Company Listed on NASDAQ. The Company reaffirmed that discussions are still ongoing between the two parties, and that work is underway with financial and legal advisors to complete the evaluation of the deal and obtain the necessary regulatory approvals. GULFNAV submitted a proposal regarding the structure of the acquisition to SCA; and will be announcing further developments in due course.

FUTURE OUTLOOK

Kilani added: “The shipping and logistics sector in the United Arab Emirates is one of the most important economic sectors for the country, contributing approximately 12% to the UAE’s GDP. The country is considered one of the most important maritime hubs globally. Our projections indicate that this sector will remain stable, if not experience growth. Of course, there may be other factors such as geopolitical factors or other circumstances that affect the economy in

general, which may also impact the market and prices. However, GULFNAV currently enjoys a strong position and a solid foundation to continue benefiting from the significant prosperity in the maritime shipping sector, thanks to the increasing demand for petrochemical carriers in general and rising charter rates. Looking at the petrochemical shipping market, for example, where we operate most of our fleet, we believe it will remain strong for several years to come.”

He added: “The Company is following a roadmap centered around enhancing the value it provides to its shareholders, focusing on new partnerships locally and regionally, exploring growth opportunities and expansion through acquisitions, mergers, and entering new markets. Through this direction, we aim to provide a more flexible, comprehensive, and complementary logistics services system to our business units, contributing to achieving the Company’s vision of diversifying its operations, increasing assets and adding value for our shareholders. We strive to deliver maritime services in accordance with the highest international standards of quality, security and safety.”

Kilani concluded: “Despite the challenges facing the shipping sector due to geopolitical tensions, we are confident in the Company’s ability to continue achieving strong results and maintaining the growth momentum. We look forward to continuing our efforts towards announcing positive outcomes in 2024.”

Ruby International Maritime Consultancy is a firm founded by lawyers and mariners that offers a wide range of services to meet the different aspects of their business.

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For inquiries, please visit www.rubymaritime.com or email us info@rubymaritime.com.

Singapore’s Petrozo Energy sets up factory in Hamriyah Free Zone, targeting markets in Middle East, East Africa & Southeast Asia

Article Source: hfza.ae - By Maria Cristina

March 4th, 2024

Petrozo Energy, a leading Singaporebased oil and gas company, has announced an ambitious plan to establish a new manufacturing facility in the Hamriyah Free Zone, spanning over 430,000 square feet.

THE strategic decision was unveiled following the signing of a Memorandum of Understanding (MoU) by Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA), and Randhir Bansal, Chairman of Petrozo Energy, in the presence of Tarique Kamal, CEO of Petrozo Energy, and Pramod Kumar, COO of Petrozo Energy along with several managers and officials from both parties.

Under the agreement, a new Petrozo Energy plant will be set up in Sharjah’s Hamriyah Free Zone with an estimated investment of AED 120 million. The state-of-the-art facility is projected to have a substantial monthly output capacity of 6,000 metric tonnes, equating to an annual production of approximately 72,000 metric tonnes. This expansion is expected to secure the company a 15% share of the total market production. Petrozo Energy Group, with its headquarters in Singapore, operates a global network with offices across Indonesia, India, Thailand, the UAE, Hong Kong, Myanmar, Bangladesh, the Philippines, the USA, and Vietnam. The company is renowned for its extensive portfolio, producing a variety of products including fuel oils, petrochemicals, bitumin (asphalt), naphtha, and waterproofing materials, catering to a diverse range of industries worldwide.

Saud Salim Al Mazrouei stressed that Petrozo Energy’s decision to invest and broaden its international footprint from Sharjah is a testament to Sharjah’s commitment to fostering an investment-friendly climate, in line with the strategic vision of H.H. Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.

Al Mazrouei highlighted that the Hamriyah Free Zone Authority (HFZA) delivers advanced facilities and infrastructure, designed to provide businesses with seamless access to major global markets and support a robust industrial and manufacturing sector.

“We are committed to tailoring our services to meet the evolving needs of manufacturers and bolstering their expansion within the nonoil sectors not only to sustain the growth of the UAE’s national economy but also to increase the industrial sector’s contribution to the GDP and

reinforce Sharjah’s stature as a principal hub for production and export activities.

For his part, Tarique Kamal emphasised that choosing HFZA as a base for Petrozo Energy’s new facility aligns perfectly with the company’s strategic vision to cater to its clientele in the UAE, the Middle East, East Africa, and Southeast Asia. Our decision was propelled by the growing demand for the company’s high-quality and efficient products.

“The Hamriyah Free Zone offers numerous competitive advantages that would position us closer to our global customer base. Its strategic location, ease of business operations, and modern infrastructure are perfectly suited to our needs, enabling seamless access to regional and global markets and facilitating connections with customers worldwide,” Kamal added. The company’s products, catering to the needs of road,

airport, construction, and railway contractors, are already being exported to various international markets, including Bangladesh, Ethiopia, Djibouti, Tanzania, New Zealand, Fiji, Mauritius, and Chile, among others. Petrozo Energy’s fresh investment in Sharjah highlights the emirate’s growing appeal for foreign direct investments and further cements Sharjah’s status as a pivotal hub for expanding into regional and international markets.

Petrozo COO Pramod Kumar stated that strategic location of Sharjah, combined with the advantageous positioning of HFZA near Hamriyah Port, offers unparalleled export and import facilities for the oil, gas, and petrochemical sectors. This not only bolsters the emirate’s industrial base but also significantly contributes to the national economy, reinforcing its role as a vital gateway for international companies.