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Online trade on the rise: Dubai Trade portal records over 11.4 million transactions in 2010

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Dubai Trade, the innovative online service provider of Dubai World, said today that over 11.4 million transactions were conducted through its portal www.dubaitrade.ae last year, a remarkable 25.7% increase compared to the transactions recorded in 2009.

The record breaking number of transactions was reached as Dubai Trade has consistently updated and expanded its portfolio of integrated innovative services to serve the growing clientele of DP World , Economic Zones World, Dubai Customs and Dubai Multi Commodities Centre (DMCC). Today, Dubai Trade offers its customers 758 services, 12% more than the services offered in 2009.

ROSOOM, Dubai Trade’s innovative e-payment gateway continues to be one of the company’s most popular electronic platforms, allowing multiple payment options through the portal, leading to faster and more efficient processing. Since its launch in 2008, ROSOOM has recorded 293,000 transactions with a total online collection of Dh.371 million.

There are over 35,000 registered companies using the electronic trade portal. Last year, 18,175 new registered users joined the portal taking the total number of users to 66,775.

The rapid growth of registered users in the past few years is testament to the popularity of the electronic trading platform and indicative of the evolution of local commerce.  With the advent of internet technology, business has escalated to newer heights bridging and enabling more efficient transactions between buyers, sellers, exporters and importers. Dubai Trade’s services have eased procedures, reduced processing time and vastly improved efficiency and transparency.

Jamal Majid bin Thaniah, Group CEO Dubai World and Chairman of Dubai Trade, said: “The year 2010 ended on a very positive note with the World Bank’s annual “doing Business” report ranking the UAE as the 3rd best country in the world for enabling trading across borders, and as a leading and proactive trade facilitator, Dubai Trade has contributed immensely to this achievement. Dubai Trade has been able to establish a successful e-market place that offers a progressive range of capabilities and services, and provides users with an open, convenient, reliable, easily accessible environment. The adoption of such innovative technology is vital to bring about business transformation on a large scale. We are determined to stay ahead of the curve and not just contribute to the growing economy, but also to keep delivering the greatest value to the industries and customers we cater to.”

Mahmood Al Bastaki, Director of Dubai Trade, said:  “E-commerce has been identified by our Government as key to trade facilitation and Dubai Trade has emerged as an integral economic pillar in that sector.  Our services have helped enhance supply chain visibility, quality of service and improve global competitiveness of Dubai. The number of registered users has been steadily rising and we hope to continue with the same momentum in the year ahead. We will continue to innovate and we believe that these improvements will result in wider adoption of value-added services across our customer base, enhance membership retention and help our customers succeed in their businesses.”

By offering some of the most user friendly and efficient solutions, Dubai Trade has remarkably streamlined business flow and positively impacted cost effectiveness positioning itself as the single window for trade. In 2010, Dubai Trade has provided free training to more than 2230 individuals on various services offered on its portal including Mirsal II, e-token, ROSOOM, and several free zone administrative services.

Moreover, the company offers the Certified Trade & Logistics Professional (CTLP) programme a Certification Course initiated and developed by Dubai Trade and accredited by the Chartered Institute of Logistics & Transport (CILT). The Certified Trade & Logistics Professional (CTLP) is the region’s first comprehensive vocational training program that covers the end to end process of import and export in the UAE and the region.  The first batch of trainees has successfully graduated recently marking the high interest in the programme which has been widely welcomed by the business community.

As part of its commitment to encourage adoption of electronic services and its usage in order to enhance trade flow efficiency, Dubai Trade launched the Dubai Trade E-Services Excellence Award (ESEA) in 2008 and continued to reward its best performing customers in 2009 by awarding the most active companies in using the ROSOOM online payment gateway. The last, but not least in Dubai Trade’s initiatives to further enhance its services, was the lunch of a new updated version of its portal earlier this year.

 

 

RUBBER SHOCK ABSORBER EASES STRESS ON LINES

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Constant stress from wind and waves can shorten the life of docking lines, cleats and stanchions.  The Line Snubber from Davis Instruments helps lengthen the life of a boat's components, saving the cost of replacement.  It's handy for a variety of uses, from anchor snubbing to trailering.
    The highly elastic, heavy-duty rubber Line Snubber acts as a shock absorber to lessen line load in windy and rough conditions, reducing heavy pull on hardware and surrounding areas.  Using Line Snubbers on parallel lines maximizes their effectiveness.
    This handy strap can safely lash a tiller, securely tie down a halyard or even help rig a boom preventer.  When attached to an anchor chain, docking line or mooring rope, it helps prevent wear damage.  The Line Snubber will secure a dinghy in place or keep one steady while under tow.  Molded from the highest quality rubber, it provides years of valuable service on all types of craft, including sailboats, powerboats, kayaks, inflatables and catamarans.
    Davis Instruments' Line Snubber is available in 38cm and 56cm lengths and economically packaged in pairs.
Contact Davis Instruments, 3465 Diablo Ave., Hayward, CA  94545  USA.  +1-510-732-9229; Fax: +1-510-732-9188.  In Europe: Davis Marine Europe, Uilenkade 12, 3336 LP Zwijndrecht, The Netherlands.  +31 (0)78 6194316; Fax: +31 (0)78 6192689.  This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; www.davisnet.com.
 

UAE: Lamprell to Construct New Jackup Rig for Greatship

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Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, announced that it has received a new contract award from Greatship Global Energy Services Pte. Ltd (“Greatship”), based in Singapore, for the construction and delivery of a completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platform of a Super 116E (Enhanced) Class design.

The rig is designed to operate in water depths of up to 350 feet and will have a rated drilling depth of 30,000 feet. Lamprell will fabricate the jackup rig in its new yard in Hamriyah. The project is planned to be completed during the fourth quarter 2012.

Commenting on the contract award Nigel McCue, Chief Executive Officer, Lamprell said:

“We are delighted to be announcing today’s contract win with Greatship, which we believe further demonstrates the strengthening market for new build jackup rigs. Greatship represents a highly valued addition to our customer base and we look forward to working with them both on this and future projects.”

Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry.

Lamprell’s three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.

   

Lukoil, Vanco Sign Agreements for Exploration and Development of 2 Blocks Offshore Romania

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 A consortium, including LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) and Vanco International signed concession agreements with the National Agency for Mineral Resources of Romania.

 

The agreements provide for exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea.

The respective stakes of LUKOIL Overseas and Vanco International in the consortium are 80% and 20%.

The right to implement these projects was obtained by the consortium as a result of bidding held in the summer of 2010. The Est Rapsodia and Trident blocks are located in the Black Sea at water depths ranging from 90 to 1,000 meters. The distance to the coastline is 60-100 kilometers, the nearest town on the coast is Sulina. The total area of the two license blocks is about 2,000 square kilometers. A 3D seismic study is required to assess the geological structure of the blocks.

An office of LUKOIL Overseas will be established in Romania to operate the project.

 

 

 

Abu Dhabi Ship Building signs MoU with Egypt-based DeBirs Yachts to explore collaboration opportunities in high-growth luxury yachts and boats segment

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Abu Dhabi Ship Building, the leading shipbuilder and naval support services provider in the Gulf region, signed yesterday (Wednesday February 23, 2011) a Memorandum of Understanding (MoU) with Egypt-based DeBirs Yachts, a world-leading manufacturer of timeless and innovative motor yachts, during the ongoing International Defence Exhibition and Conference (IDEX) 2011 at ADNEC.
Under the terms of the MoU, Abu Dhabi Ship Building and DeBirs Yachts agreed to discuss and explore opportunities of collaboration in maintenance, repair and overhaul (MRO) services for super yachts, as well as commercial, naval and other vessels. This will include for example, setting up new state of the art facilities in the region and/or developing ADSB’s existing facilities to establish a world class MRO facility for motor yachts.
Furthermore Abu Dhabi Ship Building and DeBirs Yachts will assess the feasibility and commercial viability of expanding the sales network of DeBirs Yachts in Abu Dhabi in order to increase DeBirs Yachts’ market penetration in the region. The MoU also covers opportunities of collaboration in research and development.
Mohammed Al Junaibi, CEO, Abu Dhabi Ship Building, said: "The MoU may lead to exciting business opportunities for Abu Dhabi Ship Building and DeBirs Yachts as we may leverage our respective core expertise to develop value-added services and expand into the high-growth niche market for luxury yachts and boats. Abu Dhabi Ship Building already has a formidable portfolio in the commercial shipbuilding market and we believe that this MoU may enable us to provide an even wider range of choices and more value-added offerings to our clients."
Rady W. Fahmy, Senior Director and Board Member, DeBirs Yachts, said: "Abu Dhabi Ship Building has an impeccable track record as a leading shipbuilder in the Middle East and we are therefore pleased to jointly explore opportunities of collaboration. With Abu Dhabi Ship Building's world-class facilities and expertise and wide-reaching presence in the regional market, we are confident that we ultimately will be able to build a strong and lasting brand image in the luxury yacht and boat segment."

About DeBirs Yachts:
DeBirs Yachts is a Dutch yard that was re-established in 1998 in the Amria Free Zone, Alexandria, Egypt by a group of U.S., European and Egyptian investors. DeBirs Yachts specializes in the construction and repair of 26-34 meters (85-112 feet) semi-custom luxury fibreglass motor yachts. DeBirs' timeless yachts are developed to meet the specific criteria of clients who demand an exceptional design while maximizing interior space, full separation between crew and owner and innovation at its best.

About Abu Dhabi Ship Building:
Abu Dhabi Ship Building is a Public Joint Stock Company listed on the Abu Dhabi Securities Exchange. It is jointly owned by Mubadala Investment Company (40 per cent), the Abu Dhabi Government (10 per cent), and various national shareholders (50 per cent). Abu Dhabi Ship Building specializes in the construction, repair, and refit of Naval, Military and Commercial vessels.  The company manages an impressive portfolio of build and refit projects.

For more information, please contact:

Orient Planet PR & Marketing
Communications
P.O. Box 23345, Dubai UAE
Tel : +971 4 3988901
Fax : +971 4 3988941
Email : This e-mail address is being protected from spambots. You need JavaScript enabled to view it      
Website: www.orientplanet.com

   

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