Showing posts with label Aqaba. Show all posts
Showing posts with label Aqaba. Show all posts

Thursday, 5 September 2024

New Red Sea Services Launched

According to Seatrade Maritime News, global line Ocean Network Express (ONE) and regional player SeaLead have announced new services calling at ports in, or at the entrance to, the Red Sea.

Ocean Network Express (ONE) said is launching a new weekly service Red Sea Gulf India 2 (RG2). The new service calls Mundra, Jebel Ali, Jeddah, Sohkna, and Aqaba.

The new service will provide additional coverage as well as increasing connectivity and frequency to the Red Sea, on top of ONE’s existing Red Sea Gulf India Service (RGI).

The largest container lines, including ONE, have rerouted nearly all their long-haul services between Asia – Europe/ Med and the US East Coast via the Cape of Good Hope due to the security situation in the Red Sea and to avoid the threat of Houthi attack.

ONE has also suspended its Asia Red Sea 1 service which normally connects Northeast Asia and Red Sea via Southeast Asia.

However, for trades within the Middle East region to Red Sea ports there are few other viable options than to continue sailing through the Red Sea.

Regional player SeaLead is one of those that has continued to sail through the Red Sea and has add3d a new Far East India Djibouti (FID) service that starts on September 05, 2024.

New service calls Djibouti which is on the African shore of the Bab-el-Mandeb Strait, a narrow waterway at the southern entrance to the Red Sea where the Houthi in Yemen have launched attacks on commercial ships transiting the waters since last November.

Suleyman Avci, Global Chief Executive Officer at SeaLead, said, "This service is a strategic step forward, enhancing our capabilities in China, India, and East Africa. By leveraging Djibouti's crucial maritime hub, which connects the Red Sea, we are providing greater coverage and ensuring faster, more reliable connections for our customers, solidifying SeaLead's role in shaping global trade."

The FID service originates in Shanghai, calling Ningbo, Nansha, Port Klang, Colombo, Nhava Sheva, and Mundra before reaching Djibouti.

According to SeaLead’s website it operates an India – Turkiye service, Turkiye – Red Sea that connects to the Port of Jeddah, and a China – East Asia – Turkiye route, all of which transit the Red Sea.

 

Tuesday, 31 January 2023

Iraq: Basrah-Aqaba oil pipeline face bleak outlook

Iraqi aspirations to move ahead with a long-planned crude pipeline from Basrah to Aqaba in Jordan have been dealt a major blow after the head of a powerful Shia military group in Iraq said the project will never happen.

"Jordanians must know their battle is doomed for failure. The Basrah-Aqaba oil pipeline will never be," said Ali al-Asadi, head of Iraq's Harakat Hezbollah al-Nujaba (HaN). "Let them try and they shall witness what happens to them and whoever collaborates with them."

HaN is known for its extremely close ties with Iran. Al-Asadi issued the statement after Iraqi lawmaker Mustafa Jabbar Sanad revealed that Jordanian officials — including the speaker of parliament, the Jordanian king's advisor and the head of intelligence — had met with senior Iraqi Shia, Sunni and Kurdish officials and agreed on the pipeline's implementation.

Sanad is a member of the pro-Iran Shia Co-ordination Framework group and was behind a lawsuit against the federal government in Baghdad over monthly payments to the Kurdistan Regional Government (KRG).

Iraq's speaker of parliament Mohammed al-Halbousi said on January 14, 2023 that the Basrah-Aqaba pipeline will see the light, following a meeting with his Jordanian counterpart Ahmad Al-Safadi during an official four-day visit to Iraq.

Al-Halbousi said the project will be executed as soon as the new government in Baghdad overcomes certain obstacles, not least the high cost of the pipeline.

Baghdad's most recent estimate is that the project will not exceed US$8.5 billion, down from its previous estimate of below US$9 billion.

Costs and financing have been major barriers for the project for several years, with both Iraq and Jordan looking for ways to cut expenses.

The proposed pipeline consists of two sections. A 2 million barrels/day capacity line extending from Basrah to Haditha near the Syrian border would transport crude to Iraqi refineries and power stations. A second one million barrels/day pipeline would extend from Haditha to Aqaba in northern Jordan.