“A very powerful forum for the maritime industries.”
Marcus Machin, Tufton Oceanic (Middle East) Limited
Money & Ships 2007, held in Dubai, delivered a senior level symposium on maritime finance in the Middle East
Nearly 170 delegates, from 20 countries, attended the most recent Money & Ships two-day conference (Dubai, November 2007).
Local and international press reported in-depth on the event, with articles appearing in Fairplay, Lloyd’s List, Gulf News and Khaleej Times, among others.
At the event, National Shipping Company of Saudi Arabia (NSCSA) announced their fleet expansion policy. Saleh Al Shamekh, president of the oil & gas transportation division, told delegates: “We aim to double the size of our crude and petrochemicals fleets by 2010.”
Even more dramatic expansion is underway on the chemicals front, via a 80:20 venture with SABIC, National Chemical Carriers (NCC). The company owns 12 chemical carriers of between 25,000dwt and 47,000dwt with another 22 IMO Class 2 units of 46,000dwt to 47,000dwt on order, Mr Al Shamekh revealed.
NSCSA’s ambitions chime with those of Gulf Energy Maritime (GEM) which plans fleet growth to 19 product carriers by 2009, making it “the largest private commercial tanker operator in the region,” according to CEO Ahmed Essa Hareb Al Falahi. “The refining of petrochemicals in the Gulf is set to grow to 45m tonnes by 2010”, he told delegates.
The international Money & Ships brand was established by Seatrade, global maritime publisher and event organiser, over 30 years ago. Since then it has regularly provided the highest quality forum for discussion of contemporary issues in maritime finance.
Senior executives from the shipping and financial industries make Money & Ships their priority networking event for new and ongoing business deals.
Initially based in London, the Money & Ships brand has been held in several major maritime centres over the years.
Click here to review the Middle East Money & Ships conference programme for 2007
