Paul Bartlett is a maritime consultant and editor of Seatrade's annual Green Guide and twice-yearly Middle East Workboat and Offshore marine publications, as well as being a former editor of Seatrade Maritime Review. Paul's vast experience of the maritime industry spans three decades and all the continents, and has included spells working in specialised ship finance companies.
Jeddah’s Red Sea Gateway Terminal (RSGT) has just taken delivery of four new super post-panamax ship-to-shore quay cranes from China’s ZPMC.
The daily grind of fighting for survival in a seriously oversupplied offshore workboat market was clearly evident amongst operators and service providers exhibiting on the floor of Seatrade Offshore Marine & Workboat Middle East, held in Abu Dhabi this week. But for those lucky enough to spend some time in the conference and seminar sessions, there was plenty of positive sentiment.
Arnstein Eknes, OSV and special ships market and business development director for DNV GL, sees significant potential for smart vessel operations in the Middle East workboat fleet which will cut operating costs and raise efficiency.
Synergy Offshore chief executive, Fazel Fazelbhoy, revealed the scale of the downturn facing OSV operators in Middle East waters when he moderated a session of regional updates at Seatrade Offshore Marine & Workboats Middle East yesterday. Generally, the picture was bleak although the Saudi market has shown signs of life recently as Saudi Aramco invites bids for various major offshore projects.
With shipyards fighting for work and cash-strapped operators deferring repairs Albwardy Damen md Lars Seistrup believes there has never been a better time to book a major repair job.
Banks should play a much more proactive role in badly needed consolidation across the offshore support vessel sector, said René Kofod-Olsen, chief executive of Topaz Energy and Marine, as he declared that the last thing that was needed was another round of new contracting.
Seatrade Offshore Marine Workboats Middle East opens its doors on Monday morning against a backdrop of firmer oil prices and positive sentiment.
Hamburg-headquartered Caterpillar Marine stands to benefit from its US-based parent’s advanced digitalisation capability as it ramps up data and digital services to its shipping customers.