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SHIPPING + MARITIME-
Masdar and CMA GGM explore green fuels partnership: UAE’s Masdar has signed a Strategic Supply Partnership (SSP) with France’s CMA GGM to explore the feasibility of striking up a long-term green maritime fuels offtake agreement to supply CMA CGM vessels, according to a statement. Under the proposed partnership, Masdar will source, supply and deliver green fuels — includingbiomethane and e-fuels based on methane and methanol — for CMA CGM’s dual-fuel vessels beginning from next year and incrementally phase-in the vessels until 2028.
How many ships are we talking? CMA currently has 35 dual-fuel ships ready to use biofuels and e-fuels in its fleet with another 84 on the order books, the statement notes. The company plans to have 119 dual-fuel ships in operation by 2028.
The UAE’s Adnoc Gas has inked a 10-year LNG agreement to supply Indian natural gas company Gail India Limitedwith 0.5 mn metric tonnes per annum, Wam reports. The agreement seeks to reinforce export ties between India and the Emirates as Adnoc expands into Asian LNG markets. The financials of the agreement were not disclosed. Adnoc Gas inked several LNG agreements in 2023, valued between USD 9.4 bn and USD 12 bn, with Japan Petroleum Exploration, Indian Oil Corporation, and PetroChina International, Wam notes.
RAIL-
Oman and Etihad Rail + Al Jazeera Steel Products partner on transport:Oman and Etihad Rail Company (OER) — the developer and operator of the UAE-Oman Rail Network — has inked an MoU with Al Jazeera Steel Products to partner on logistics solutions for the transport of raw materials and finished goods, according to a press release. OER will use the UAE-Oman Rail Network to transport Al Jazeera’s inbound and outbound products from its factories in Oman, according to the release. Each train will be able to carry up to some 15k tonnes of freight between five major ports, and 15 freight facilities across the UAE and Oman, the release states.
The agreement falls in line with OER’s vision to bolster cross-border trade activity between the two countries, OER Deputy CEO Mohammed Al Mahruqi said in the release. This will support linking manufacturing and production centers as well as import and export points, Mahruqi added.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Etihad Cargo certified to transport lithium batteries: UAE carrier Etihad Cargo has become one of five global airlines to receive IATA CEIV certifications to handle and transport lithium batteries, pharma, fresh, and live animals. (Statement)
- Mawani to roll out new ship anchorage areas: Saudi Ports Authority (Mawani) will establish new ship anchorage areas at King Fahad Industrial Port in Yanbu, boosting their numbers from 5 to 27 and upgrading existing infrastructure. The facilities will offer a range of logistics services, including bunkering, resupplies, and maintenance. (Statement)
