DP World and Emirates Shipping Line (ESL) today announced the launch of a new shipping service GALEX (GLX), a consortium of four vessel operators – ESL, KMTC, RCL and Hanjin. GALEX consists of seven vessels with a capacity of 6,500 TEUs…
According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV. NITC has recently announced that after buying 20 oil tanker from China during the last two and half years…
General Authority for the Security of Ports, Borders and Free Zones and Abu Dhabi Ports establish training program to reinforce comprehensive protection standards; MoU to improve ports and ports systems protection, initiating security training…
Abu Dhabi Ports hosts MoU signing between SIDDCO Group and Istituto Italiano della Saldatura to deliver first-of-its-kind training and certification programs in the region; MoU will see the companies invest in enhancing local knowledge and aiding…
China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG). China National Petroleum Corporation has proposed…
The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates Maritime Arbitration Centre (EMAC) says Al Tamimi & Company, Advocates and Legal Consultants…
Iranian patrol boats opened fire on a Singapore-flagged oil tanker as it moved through the Strait of Hormuz in a confrontation, reports Reuters.The Alpine Eternity, a ship flagged to Singapore, fled toward the shore of the United Arab Emirates…
The Saudi Arabian-led coalition of anti-Houthi forces attacking Yemen has tightened the blockade on Yemen's ports affecting shipping activity including the delivery and loading of oil and gas shipments. Ships are unlikely to be able to…
UAE Nationals now trained to carry out full circle of port operations Increasing the number of UAE Nationals in the workforce is a core pillar of the Abu Dhabi Economic Vision 2030 and a central business strategy for Abu Dhabi Ports. As…
Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.Power cuts have become…
Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing facilityDubai Maritime City (DMC), a maritime cluster in Dubai, today…
The 6 Maritime Authorities of the Riyadh Memorandum of Understanding (RMoU) on Port State Control will launch a Concentrated Inspection Campaign (CIC) with the purpose of ensuring compliance with SOLAS Chapter II-2 and the International Code for Fire Safety Systems on board ships…
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources.The issue is a rare…
China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade to over 30 countries…
Intertek expanded its Exploration and Production services in the Middle East by investing in a new £1.4 million facility in Abu Dhabi. The laboratory will house cutting-edge equipment that will enable the organization to provide high-specification…
