Port of Fujairah and Dutch Port companies sign MOU
Port of Amsterdam, STC-Group Holding and Iskes Towage & Salvage signed a Memorandum of Understanding (MoU) in Amsterdam with Port of Fujairah (PoF), one of the largest oil storage and bunkering hubs in the world. The agreement focuses on further strategic cooperation, Port of Amsterdam said in its press release.
Located on the east coast of the United Arab Emirates, the port of Fujairah has seen tremendous growth in the past decades, turning from a regional multi-purpose Port into an important part of the global oil supply chain. PoF strives to consolidate and further expand on its achieved market position and to improve its port operations to live up to the standard of a world class port.
As part of Amsterdam Port Consultants (APC), a port advisory foundation consisting of partners with strong ties to Amsterdam, Port of Amsterdam, STC-Group and Iskes executed an assessment of the current Marine operations in the port of Fujairah in 2015. Recommendations were implemented since then, while Iskes and STC-Group set up training programmes for PoF employees. With the conclusion of the implementation track, all parties expressed a desire to continue the fruitful cooperation.
As the port of Amsterdam is the largest gasoline hub in Northwestern Europe, both ports are important cogs in the global oil product supply chain. Closer ties are therefore logical and improve strategic positioning. The attendance of His Highness Sheikh Saleh bin Mohammed bin Hamad Al Sharqi, Chairman of PoF, underlined the importance attached to the partnerships. The oil products market is a field for direct mutual added value, but both ports have ambitions beyond this specific cargo. The strategic cooperation will therefore seek a broader scope, in order to extend its benefits to other areas as well.