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Oil product stockpiles at the UAE’s Port of Fujairah climbed to a two-week high, the first gain in three weeks, led by increases in fuels for marine bunkers and power generation. The total inventory on Aug. 9 was 19.349 million barrels, up 2.2% from a week earlier and the most since July 26, according to ...
Fujairah stands to lose out if India’s COVID-19 crisis slows economic growth The UAE’s Port of Fujairah stands to lose out on crude oil and refined product exports and bunker sales if the spiraling COVID-19 crisis in India translates into slowing economic growth for Asia’s third-largest economy. India’s second COVID-19 wave could knock off as much as 2.8 percentage points from GDP growth in the fiscal year ended March 31, 2022, S&P Global Ratings said in a May 5 report. It said it was reconsidering its 11% GDP growth forecast, against a contraction of 8% in 2020. “Much will depend o...
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now India's second COVID-19 wave could knock off as much as 2.8 percentage points from GDP growth in the fiscal year ended March 31, 2022, S&P Global Ratings said in a May 5 report. It said it was reconsidering its 11% GDP growth forecast, against a contraction of 8% in 2020. "Much will depend on social distancing, whether enforced or voluntary, the pace of vaccinations, and the degree to which previous infections provide immunity," it said. "The government is responding to the lates...
India is home to many crew for Fujairah About 13,100 vessels called at Fujairah in 2020 Emirates Airline has also suspended flights from India The Port of Fujairah has banned crew changes locally if a
UAE’s Fujairah bans crew change for vessels from India in past 14 days The Port of Fujairah has banned crew changes locally if a vessel has come from Indian ports within the past 14 days, as the coronavirus pandemic has overwhelmed India. The suspension also applies to the Fujairah offshore anchorage, according to an April 29 notice from Mayed Alameeri, who took over as harbor master on April 18. The announcement came days after the Maritime and Port Authority of Singapore made a similar move, saying in a circular on April 22 that crew with travel history to India within the 14 days precedi...