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UAE's Eships Wins 1Mln Ton/Yr Alumina Shipping Deal

Monday, Oct 19, 2009
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DUBAI (Zawya Dow Jones)--Emirates Ship Investment Company, or Eships, said Sunday it won a three-year contract to transport 1 million tons a year of alumina from Australia for Abu Dhabi-based Emirates Aluminium or Emal. The company said it will ship the alumina in 60,000-ton cargoes that will initially unload in Jebel Ali, in Dubai, until Khalifa Port at Taweelah in Abu Dhabi is ready. Eships said it had been given no date for this by Abu Dhabi Ports Company. In addition to dry bulk, the Abu Dhabi-based company, owned 50:50 by Invest AD and Mubadala Development Co, also operates a fleet of product and chemical tankers, and LNG and LPG vessels. It will take delivery of two 6,500 cubic metres semi-refrigerated LPG Tankers in 2010. "This was a very competitive tender with over 15 shipping companies bidding," said Scott P. Jones, Eships' chief executive. "It is an excellent opportunity for Eships to prove to a major industrial customer the quality of our shipping service." Emal's $5.7 billion greenfield project to set up a smelter at Taweelah, set to be the largest single-site complex of its kind in the world, is a joint venture between Mubadala and Dubai Aluminium, or Dubal. The biggest infrastructure project outside the U.A.E.'s oil and gas sectors, the plant is scheduled to be fully operational in January 2011.

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