ARAB MARITIME PETROLEUM TRANSPORT CO

The Arab Maritime Petroleum Transport Company (AMPTC) is a significant entity in the maritime transport sector, specifically focusing on the transportation of petroleum products. Established in 1972, AMPTC was conceptualized to facilitate the efficient and cost-effective transport of crude oil, petroleum products, and other related materials between Arab countries and to international markets. Here are some key aspects of the company:


Origin and Establishment



  • Founding: The company was founded by the member countries of the Organization of Arab Petroleum Exporting Countries (OAPEC). The aim was to create a collective maritime transport capability that could cater to the needs of the petroleum industries of the member states.

  • Headquarters: AMPTC is headquartered in Kuwait.


Objectives and Mission



  • Primary Objective: AMPTC's main goal is to provide reliable and efficient marine transport services for oil, gas, and petroleum products. By doing so, it supports the strategic interests of its member countries and contributes to the overall development of the Arab maritime transport sector.

  • Mission: The mission of AMPTC is to maintain high standards of operation, safety, and environmental protection in its shipping activities. It aims to achieve this by investing in modern fleets, adopting advanced technologies, and adhering to stringent international regulations.


Fleet and Operations



  • Fleet: The company operates a fleet of various types of vessels, including Very Large Crude Carriers (VLCCs), Aframax, and Suezmax tankers. These vessels are equipped to handle large quantities of crude oil as well as refined petroleum products.

  • Operations: AMPTC services both intra-regional and international routes. It plays a crucial role in ensuring the secure and timely delivery of petroleum products to destinations worldwide.


Strategic Importance



  • Energy Security: By providing marine transport for petroleum products, AMPTC contributes to the energy security of the Arab region. It ensures that oil-exporting countries have a reliable means of transporting their key product to global markets.

  • Economic Role: The company also contributes to the regional economy by creating jobs, supporting the maritime services industry, and generating revenues for its member states.


Challenges and Future Prospects



  • Challenges: Like any major shipping company, AMPTC faces challenges such as fluctuating oil prices, geopolitical tensions, and the need to comply with stringent environmental regulations.

  • Future Prospects: The future looks robust for AMPTC, with plans for fleet expansion and modernization. The company is also likely to explore new routes and markets as demand for petroleum transport evolves.


Governance



  • Board: The company's governance structure includes a board of directors made up of representatives from its member states. This board oversees strategic decisions and ensures that the company's operations align with the broader goals of OAPEC.


In summary, AMPTC plays a pivotal role in the transportation of petroleum products for Arab countries, offering a blend of modern fleet capabilities, strategic operations, and a focus on safety and efficiency.


Sheikh Zayed City Egypt

Cairo - Alexandria Desert Road
Sheikh Zayed City Giza
Egypt

Ships

ALBUM

Oil Carrier | Flag: Republic of Panama | Port: PANAMA

ZIRKU

Oil Carrier | Flag: United Arab Emirates | Port: ABU DHABI

Maritime News

Trump Administration Drops Gauntlet on UN Fuel Rules, Threatens Tariffs

Trump Administration Drops Gauntlet on UN Fuel Rules, Threatens Tariffs

an hour ago
The United States has told countries to reject a United Nations' marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters.The Trump administration is looking to boost U.S. economic might, including by taking a bigger role in global shipping, and has used tariffs as a weapon to extract better terms from Washington’s trade partners.In April, countries struck a draft agreement through the U.N.'s International Maritime Organization (IMO) that would impose a fee on ships that breach global carbon emissions standards.
Second-hand Containership Prices Soar in the Face of Soft Shipping Rates

Second-hand Containership Prices Soar in the Face of Soft Shipping Rates

3 hours ago
Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price of a basket of seven five-year-old container ships was $9,761/TEU in late August 2024. Since then, the price has risen to $10,758/TEU at the beginning of 2025 and to $11,413/TEU in late August.Feeder ships smaller than 3,000 TEU have seen the highest price increase at an average of 26% year-on-year.
“2 Days, 50 Ports”: New Wave Media Acquires Port of the Future Conference & Exhibition

“2 Days, 50 Ports”: New Wave Media Acquires Port of the Future Conference & Exhibition

18 hours ago
New Wave Media, a leading B2B media company serving the global maritime, offshore energy, subsea and logistics sectors, acquired the Port of the Future Conference & Exhibition, a premier international symposium known for its focus on advancing port infrastructure, technology, and policy.Under the continued leadership of its founder, Kevin Clement, the event will retain its iconic tagline — “2 Days, 50 Ports” — and continue to convene top-tier port and terminal executives from around the world.The 2026 Port of the Future Conference is scheduled to be held March 23-25, 2026, at the Hilton University of Houston.
HD Hyundai Philippines Cuts Steel on First Vessel

HD Hyundai Philippines Cuts Steel on First Vessel

yesterday
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has conducted a steel cutting ceremony for a 115,000-ton product tanker at the HD Hyundai Philippines Shipyard in Subic Bay, Philippines.The vessel is the first ship built by HD Hyundai Philippines and is the first in a series of four vessels ordered from an Asian shipping company in December last year.Last May, HD KSOE signed a lease agreement with Cerberus Capital for a portion of the Philippine shipyard site, marking the launch of this second HD KSOE overseas shipyard.
U.S. Coast Guard Spends its First One Big Beautiful Bill Act Funds

U.S. Coast Guard Spends its First One Big Beautiful Bill Act Funds

2 days ago
The U.S. Coast Guard’s Facilities Design and Construction Center completed a contract modification with The Whiting-Turner Contracting Company Aug. 25 to remove up to 100 submerged concrete piles under the old Pier November at Base Charleston in North Charleston, South Carolina.  The modification, with a potential value of approximately $14.8 million, includes work that is necessary to complete construction of new, modernized piers to provide support and logistics for up to five major cutters homeported at the base.