Tag: Regina

Has Oil Contango Spread to Shipyards?

first_imgzoom South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) will build four very large crude carriers (VLCCs) instead of two LNG carriers for an unnamed Oceania-registered client, the shipbuilder said in a stock exchange filing.DSME received the original order for the LNG carriers back in October 2014, with the contract valued at KRW 455.7 billion (USD 412.2m).The new contract for four VLCCs is worth KRW 430.6 billion (USD 389.4m).DSME did not provide any details regarding the specifications of the newly ordered crude carriers.The switch might have been prompted by the recent trend among fuel traders to charter supertankers and store cheaper crude for future sale.The current rates for VLCCs on a Persian Gulf-North Asia route are about USD 69,000/day, while the rates in the time charter market span between USD 33,500 and USD 37,500 per day.World Maritime News Stafflast_img read more

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King Mohammed VI Officially Appoints Saad Eddine Othmanis Government

aRabat – King Mohammed VI has officially appointed on Wednesday afternoon new government headed by Saad Eddine Othmani.Accompanied by his son Moulay Hassan, the King received the members of the new government at Rabat’s Royale Palace.This is the list of ministers:Saad Eddine Othmani: Head of Government (PJD)Mustapha Ramid: Minister of State in charge of Human Rights (PJD) Abdelouafi Laftit: Minister of Interior (Technocrat)Nasser Bourita: Minister of Foreign Affairs and International Cooperation (Technocrat)Mohamed Oujar: Minister of Justice and Freedoms (RNI)Ahmed Toufiq: Minister of Islamic Affairs and Endowments (Technocrat)Aziz Rabbah: Minister of Energy, Mines and Sustainable Development (PJD)Mohamed El Hajjoui: Secretary General of the Government (Technocrat)Mohammed Boussaidi:Minister of Economy and Finance (RNI)Aziz Akhannouch: Minister of Agriculture, Marine Fisheries, Rural Development, Water and Forestry (RNI)Mohamed Nabil Benabdallah: Minister of Housing and Urbanism (PPS)Mohammed Hassad: Minister of National Education, Vocational Training and Higher Education and Scientific Research (Technocrat)Moulay Hafid Elalamy: Minister of Industry, Investment, Trade and Digital Economy (RNI)Abdelkader Amara: Minister of Equipment, Transport, Logistics and Water (PJD)El Houcine Louardi: Minister of Health (PPS)Rachid Talbi Alami: Minister of Youth and Sports (RNI)Mohamed Laaraj: Minister of Culture and CommunicationBasima Hakkaoui: Minister of Family, Solidarity, Equality and Social Development (PJD)Mohammed Yatim: Minister of Employment and Vocational Integration (PJD)Abdellatif Loudiyi: Minister Delegated to the Head of Government in charge of National Defense’s Department (Technocrat)Lahcen Daoudi: Minister Delegate to the Head of Government in Charge of Public Affairs and Governance (PJD)Mustapha Khalfi: Minister Delegate to the Head of Government in charge of relations with Parliament and civil society – Spokesperson of the Government (PJD)Mohamed Ben Abdelkader: Minister Delegate to the Head of Government in Charge of the Reform of Administration and Public OfficeAbdelkrim Benatiq: Minister Delegate to the Minister of Foreign Affairs in charge of Moroccans Living abroad and Migration Affairs (USFP) Noureddine Boutayeb: Minister Delegate to the Ministry of InteriorMohamed Najib Boulif: Secretary of State to the Minister of Equipment, Transport, Logistics and Water, in charge with TransportMbarka Bouaida: Secretary of State to the Minister of Agriculture, Marine Fisheries, Rural Development, Water and Forests, in Charge of Sea FisheriesCharafat Afilal: Secretary of State to the Minister of Equipment, Transport, Logistics and Water, in charge of Water (PPS)Jamila El Moussali: Secretary of State to the Minister of Tourism, Air Transport, Handicraft and Social Economy, in charge of Traditional Industry and Social EconomyMounia Boucetta: Secretary of State to the Minister of Foreign Affairs and International CooperationHamou Ouheli: Secretary of State to the Minister of Agriculture, Marine Fisheries, Rural Development, Water and Forests, in charge of Rural Development, Water and ForestsFatna Lkhiyel: Secretary of State to the Minister of Housing and Urbanism, in charge of HousingKhalid Al Samadi: Secretary of State to the Minister of National Education, Vocational Training, Higher Education and Scientific Research, in charge of Higher Education and Scientific Research Larbi Bencheikh: Secretary of State to the Minister of National Education, Vocational Training, Higher Education and Scientific Research, in charge of Vocational TrainingRkia Derham: Secretary of State to the Minister of Industry, Investment, Trade and Digital Economy, in charge of Foreign TradeLamia Boutaleb: Secretary of State to the Minister of Tourism, Air Transport, Handicraft and Social Economy, in charge of Tourism Othman El Ferdaous: Secretary of State to the Minister of Industry, Investment, Trade and Digital Economy, in charge of InvestmentNezha El Ouafi: Secretary of State to the Minister of Energy, Minerals and Sustainable Development, in charge of Sustainable Development read more

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